PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1423743
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1423743
Plastic Corrugated Packaging Market Forecasts to 2030 - Global Analysis By Packaging Type, Material Type, End User and By Geography
According to Stratistics MRC, the Global Plastic Corrugated Packaging Market is accounted for $212 billion in 2023 and is expected to reach $318 billion by 2030 growing at a CAGR of 6.0% during the forecast period. Plastic corrugated packaging refers to a type of packaging material that is made from plastic and features a corrugated (ridged or grooved) structure. This type of packaging is known for its versatility and durability, combining the lightweight and flexible properties of plastic with the strength and rigidity provided by the corrugated design. Plastic corrugated packaging is inherently resistant to moisture, making it suitable for protecting goods in humid or wet conditions.
Market Dynamics:
Driver:
Cost-effectiveness
Cost-effectiveness is a significant driver in the plastic corrugated packaging market. The manufacturing process for plastic corrugated packaging is highly efficient and can be automated, reducing production costs. Moreover, plastic corrugated packaging can be used multiple times before it reaches the end of its lifecycle, reducing the need for frequent repurchasing. This reusability feature contributes to cost savings for businesses by minimizing ongoing packaging expenses.
Restraint:
Recycling challenges
Plastic corrugated packaging faces obstacles in the recycling process that impede its ability to align with circular economy principles. The heterogeneous nature of plastic corrugated packaging, often comprising layers of different materials, complicates the recycling process. Moreover, the lack of uniform recycling standards and processes for this packaging variant exacerbates the challenge, making it difficult for consumers and businesses to responsibly dispose of and recycle these materials. Therefore, recycling challenges represent a significant threat to the plastic corrugated packaging market.
Opportunity:
Moisture resistance
The inherent moisture resistance of plastic corrugated materials prevents water absorption and helps maintain the structural integrity of the packaging, preserving the quality and functionality of the enclosed items. This is vital during unpredictable weather conditions or when products may be exposed to humid environments during transportation and storage. Hence, the moisture resistance feature is a significant driver in the plastic corrugated packaging market, enhancing the reliability and protective capabilities of packaging materials.
Threat:
Availability of alternative materials
With increasing environmental awareness and concerns about the ecological impact of traditional plastics, consumers, businesses, and regulatory bodies are actively seeking sustainable alternatives. Bio-based plastics, paper-based solutions, and other eco-friendly materials are gaining traction due to their perceived environmental benefits and biodegradability. As a result, these alternative materials pose a threat to the plastic corrugated packaging market.
Covid-19 Impact
The COVID-19 pandemic has influenced the plastic corrugated packaging market. The increased demand for essential goods, including pharmaceuticals and food products, resulted in a heightened need for reliable and protective packaging solutions, driving the demand for plastic corrugated materials during the pandemic. The surge in e-commerce activities during lockdowns further propelled the market, as plastic corrugated packaging proved effective in ensuring the safe delivery of products ordered online.
The folding boxes segment is expected to be the largest during the forecast period
The folding boxes segment is estimated to hold the largest share. This packaging format is widely employed across various sectors, including retail, electronics, and consumer goods. One of the significant advantages of plastic corrugated folding boxes is their lightweight nature, which facilitates easy handling and transportation while minimizing shipping costs. The foldable design allows for space-efficient storage, optimizing warehouse and shelf space.
The polycarbonate segment is expected to have the highest CAGR during the forecast period
The polycarbonate segment is anticipated to have lucrative growth during the forecast period. Polycarbonate in the plastic corrugated packaging market serves as a resilient and versatile material, contributing to the creation of robust and protective packaging solutions. Polycarbonate is often utilized to manufacture corrugated sheets and boxes that offer enhanced durability in comparison to traditional packaging materials. Furthermore, the moisture-resistant and chemical-resistant nature of polycarbonate adds another layer of protective capability to packaging applications.
Region with largest share:
Asia Pacific commanded the largest market share during the extrapolated period owing to region's dynamic economic landscape and rapid industrialization. With the rise of the manufacturing and retail sectors, there is an increasing demand for efficient and durable packaging solutions, propelling the adoption of plastic corrugated materials. Additionally, the region's vast population and urbanization trends contribute to the escalating need for innovative and sustainable packaging solutions.
Region with highest CAGR:
North America is expected to witness profitable growth over the projection period. The demand for lightweight, durable, and moisture-resistant packaging solutions has driven the adoption of plastic corrugated materials across various industries. With a well-established packaging industry and a focus on innovation, North America stands as a key player in shaping the market. Moreover, the region's preference for eco-friendly and sustainable packaging has prompted advancements in recyclable and reusable plastic corrugated options.
Key players in the market
Some of the key players in the Plastic Corrugated Packaging Market include Dynapac Co. Ltd, Coroplast, Flexcon Company, Inc., Minnesota Diversified Industries, Inc, DS Smith Plc, Technology Container Corp, Samuel Grant Packaging, American Containers, Inc, Amatech Inc., Yamakoh, Co., Ltd., Dongguan Jianxin Plastic Products Co., Ltd., Androp Packaging, Inc., Classic Enterprises Ltd. and Packman Packaging Private Limited.
Key Developments:
In June 2023, DS Smith has announced that it is expanding its partnership with German online retailer Zalando to become its principal packaging supplier. The collaborative partnership will see the companies work together towards improving in the fields of reuse and packaging efficiency as well as transitioning to the circular economy.
In August 2021, FLEXcon*Company, Inc., an innovator in adhesive coating and laminating and SMI Coated Products Private Limited, a company providing label stock solutions announced*their partnership to provide durable label stocks across India.
Packaging Types Covered:
- Trays
- Folding Boxes
- Bins and Racks
- Inserts and Dividers
- Other Packaging Types
Material Types Covered:
- Polyethylene Terephthalate
- Polypropylene
- Polycarbonate
- Other Material Types
End Users Covered:
- Automotive
- Agriculture
- Food and Beverages
- Healthcare
- Electronics
- Other End Users
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 End User Analysis
- 3.7 Emerging Markets
- 3.8 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Plastic Corrugated Packaging Market, By Packaging Type
- 5.1 Introduction
- 5.2 Trays
- 5.3 Folding Boxes
- 5.4 Bins and Racks
- 5.5 Inserts and Dividers
- 5.6 Other Packaging Types
6 Global Plastic Corrugated Packaging Market, By Material Type
- 6.1 Introduction
- 6.2 Polyethylene Terephthalate
- 6.3 Polypropylene
- 6.4 Polycarbonate
- 6.5 Other Material Types
7 Global Plastic Corrugated Packaging Market, By End User
- 7.1 Introduction
- 7.2 Automotive
- 7.3 Agriculture
- 7.4 Food and Beverages
- 7.5 Healthcare
- 7.6 Electronics
- 7.7 Other End Users
8 Global Plastic Corrugated Packaging Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 Dynapac Co. Ltd
- 10.2 Coroplast
- 10.3 Flexcon Company, Inc.
- 10.4 Minnesota Diversified Industries, Inc
- 10.5 DS Smith Plc
- 10.6 Technology Container Corp
- 10.7 Samuel Grant Packaging
- 10.8 American Containers, Inc
- 10.9 Amatech Inc.
- 10.10 Yamakoh, Co., Ltd.
- 10.11 Dongguan Jianxin Plastic Products Co., Ltd.
- 10.12 Androp Packaging, Inc.
- 10.13 Classic Enterprises Ltd.
- 10.14 Packman Packaging Private Limited
List of Tables
- Table 1 Global Plastic Corrugated Packaging Market Outlook, By Region (2021-2030) ($MN)
- Table 2 Global Plastic Corrugated Packaging Market Outlook, By Packaging Type (2021-2030) ($MN)
- Table 3 Global Plastic Corrugated Packaging Market Outlook, By Trays (2021-2030) ($MN)
- Table 4 Global Plastic Corrugated Packaging Market Outlook, By Folding Boxes (2021-2030) ($MN)
- Table 5 Global Plastic Corrugated Packaging Market Outlook, By Bins and Racks (2021-2030) ($MN)
- Table 6 Global Plastic Corrugated Packaging Market Outlook, By Inserts and Dividers (2021-2030) ($MN)
- Table 7 Global Plastic Corrugated Packaging Market Outlook, By Other Packaging Types (2021-2030) ($MN)
- Table 8 Global Plastic Corrugated Packaging Market Outlook, By Material Type (2021-2030) ($MN)
- Table 9 Global Plastic Corrugated Packaging Market Outlook, By Polyethylene Terephthalate (2021-2030) ($MN)
- Table 10 Global Plastic Corrugated Packaging Market Outlook, By Polypropylene (2021-2030) ($MN)
- Table 11 Global Plastic Corrugated Packaging Market Outlook, By Polycarbonate (2021-2030) ($MN)
- Table 12 Global Plastic Corrugated Packaging Market Outlook, By Other Material Types (2021-2030) ($MN)
- Table 13 Global Plastic Corrugated Packaging Market Outlook, By End User (2021-2030) ($MN)
- Table 14 Global Plastic Corrugated Packaging Market Outlook, By Automotive (2021-2030) ($MN)
- Table 15 Global Plastic Corrugated Packaging Market Outlook, By Agriculture (2021-2030) ($MN)
- Table 16 Global Plastic Corrugated Packaging Market Outlook, By Food and Beverages (2021-2030) ($MN)
- Table 17 Global Plastic Corrugated Packaging Market Outlook, By Healthcare (2021-2030) ($MN)
- Table 18 Global Plastic Corrugated Packaging Market Outlook, By Electronics (2021-2030) ($MN)
- Table 19 Global Plastic Corrugated Packaging Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 20 North America Plastic Corrugated Packaging Market Outlook, By Country (2021-2030) ($MN)
- Table 21 North America Plastic Corrugated Packaging Market Outlook, By Packaging Type (2021-2030) ($MN)
- Table 22 North America Plastic Corrugated Packaging Market Outlook, By Trays (2021-2030) ($MN)
- Table 23 North America Plastic Corrugated Packaging Market Outlook, By Folding Boxes (2021-2030) ($MN)
- Table 24 North America Plastic Corrugated Packaging Market Outlook, By Bins and Racks (2021-2030) ($MN)
- Table 25 North America Plastic Corrugated Packaging Market Outlook, By Inserts and Dividers (2021-2030) ($MN)
- Table 26 North America Plastic Corrugated Packaging Market Outlook, By Other Packaging Types (2021-2030) ($MN)
- Table 27 North America Plastic Corrugated Packaging Market Outlook, By Material Type (2021-2030) ($MN)
- Table 28 North America Plastic Corrugated Packaging Market Outlook, By Polyethylene Terephthalate (2021-2030) ($MN)
- Table 29 North America Plastic Corrugated Packaging Market Outlook, By Polypropylene (2021-2030) ($MN)
- Table 30 North America Plastic Corrugated Packaging Market Outlook, By Polycarbonate (2021-2030) ($MN)
- Table 31 North America Plastic Corrugated Packaging Market Outlook, By Other Material Types (2021-2030) ($MN)
- Table 32 North America Plastic Corrugated Packaging Market Outlook, By End User (2021-2030) ($MN)
- Table 33 North America Plastic Corrugated Packaging Market Outlook, By Automotive (2021-2030) ($MN)
- Table 34 North America Plastic Corrugated Packaging Market Outlook, By Agriculture (2021-2030) ($MN)
- Table 35 North America Plastic Corrugated Packaging Market Outlook, By Food and Beverages (2021-2030) ($MN)
- Table 36 North America Plastic Corrugated Packaging Market Outlook, By Healthcare (2021-2030) ($MN)
- Table 37 North America Plastic Corrugated Packaging Market Outlook, By Electronics (2021-2030) ($MN)
- Table 38 North America Plastic Corrugated Packaging Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 39 Europe Plastic Corrugated Packaging Market Outlook, By Country (2021-2030) ($MN)
- Table 40 Europe Plastic Corrugated Packaging Market Outlook, By Packaging Type (2021-2030) ($MN)
- Table 41 Europe Plastic Corrugated Packaging Market Outlook, By Trays (2021-2030) ($MN)
- Table 42 Europe Plastic Corrugated Packaging Market Outlook, By Folding Boxes (2021-2030) ($MN)
- Table 43 Europe Plastic Corrugated Packaging Market Outlook, By Bins and Racks (2021-2030) ($MN)
- Table 44 Europe Plastic Corrugated Packaging Market Outlook, By Inserts and Dividers (2021-2030) ($MN)
- Table 45 Europe Plastic Corrugated Packaging Market Outlook, By Other Packaging Types (2021-2030) ($MN)
- Table 46 Europe Plastic Corrugated Packaging Market Outlook, By Material Type (2021-2030) ($MN)
- Table 47 Europe Plastic Corrugated Packaging Market Outlook, By Polyethylene Terephthalate (2021-2030) ($MN)
- Table 48 Europe Plastic Corrugated Packaging Market Outlook, By Polypropylene (2021-2030) ($MN)
- Table 49 Europe Plastic Corrugated Packaging Market Outlook, By Polycarbonate (2021-2030) ($MN)
- Table 50 Europe Plastic Corrugated Packaging Market Outlook, By Other Material Types (2021-2030) ($MN)
- Table 51 Europe Plastic Corrugated Packaging Market Outlook, By End User (2021-2030) ($MN)
- Table 52 Europe Plastic Corrugated Packaging Market Outlook, By Automotive (2021-2030) ($MN)
- Table 53 Europe Plastic Corrugated Packaging Market Outlook, By Agriculture (2021-2030) ($MN)
- Table 54 Europe Plastic Corrugated Packaging Market Outlook, By Food and Beverages (2021-2030) ($MN)
- Table 55 Europe Plastic Corrugated Packaging Market Outlook, By Healthcare (2021-2030) ($MN)
- Table 56 Europe Plastic Corrugated Packaging Market Outlook, By Electronics (2021-2030) ($MN)
- Table 57 Europe Plastic Corrugated Packaging Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 58 Asia Pacific Plastic Corrugated Packaging Market Outlook, By Country (2021-2030) ($MN)
- Table 59 Asia Pacific Plastic Corrugated Packaging Market Outlook, By Packaging Type (2021-2030) ($MN)
- Table 60 Asia Pacific Plastic Corrugated Packaging Market Outlook, By Trays (2021-2030) ($MN)
- Table 61 Asia Pacific Plastic Corrugated Packaging Market Outlook, By Folding Boxes (2021-2030) ($MN)
- Table 62 Asia Pacific Plastic Corrugated Packaging Market Outlook, By Bins and Racks (2021-2030) ($MN)
- Table 63 Asia Pacific Plastic Corrugated Packaging Market Outlook, By Inserts and Dividers (2021-2030) ($MN)
- Table 64 Asia Pacific Plastic Corrugated Packaging Market Outlook, By Other Packaging Types (2021-2030) ($MN)
- Table 65 Asia Pacific Plastic Corrugated Packaging Market Outlook, By Material Type (2021-2030) ($MN)
- Table 66 Asia Pacific Plastic Corrugated Packaging Market Outlook, By Polyethylene Terephthalate (2021-2030) ($MN)
- Table 67 Asia Pacific Plastic Corrugated Packaging Market Outlook, By Polypropylene (2021-2030) ($MN)
- Table 68 Asia Pacific Plastic Corrugated Packaging Market Outlook, By Polycarbonate (2021-2030) ($MN)
- Table 69 Asia Pacific Plastic Corrugated Packaging Market Outlook, By Other Material Types (2021-2030) ($MN)
- Table 70 Asia Pacific Plastic Corrugated Packaging Market Outlook, By End User (2021-2030) ($MN)
- Table 71 Asia Pacific Plastic Corrugated Packaging Market Outlook, By Automotive (2021-2030) ($MN)
- Table 72 Asia Pacific Plastic Corrugated Packaging Market Outlook, By Agriculture (2021-2030) ($MN)
- Table 73 Asia Pacific Plastic Corrugated Packaging Market Outlook, By Food and Beverages (2021-2030) ($MN)
- Table 74 Asia Pacific Plastic Corrugated Packaging Market Outlook, By Healthcare (2021-2030) ($MN)
- Table 75 Asia Pacific Plastic Corrugated Packaging Market Outlook, By Electronics (2021-2030) ($MN)
- Table 76 Asia Pacific Plastic Corrugated Packaging Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 77 South America Plastic Corrugated Packaging Market Outlook, By Country (2021-2030) ($MN)
- Table 78 South America Plastic Corrugated Packaging Market Outlook, By Packaging Type (2021-2030) ($MN)
- Table 79 South America Plastic Corrugated Packaging Market Outlook, By Trays (2021-2030) ($MN)
- Table 80 South America Plastic Corrugated Packaging Market Outlook, By Folding Boxes (2021-2030) ($MN)
- Table 81 South America Plastic Corrugated Packaging Market Outlook, By Bins and Racks (2021-2030) ($MN)
- Table 82 South America Plastic Corrugated Packaging Market Outlook, By Inserts and Dividers (2021-2030) ($MN)
- Table 83 South America Plastic Corrugated Packaging Market Outlook, By Other Packaging Types (2021-2030) ($MN)
- Table 84 South America Plastic Corrugated Packaging Market Outlook, By Material Type (2021-2030) ($MN)
- Table 85 South America Plastic Corrugated Packaging Market Outlook, By Polyethylene Terephthalate (2021-2030) ($MN)
- Table 86 South America Plastic Corrugated Packaging Market Outlook, By Polypropylene (2021-2030) ($MN)
- Table 87 South America Plastic Corrugated Packaging Market Outlook, By Polycarbonate (2021-2030) ($MN)
- Table 88 South America Plastic Corrugated Packaging Market Outlook, By Other Material Types (2021-2030) ($MN)
- Table 89 South America Plastic Corrugated Packaging Market Outlook, By End User (2021-2030) ($MN)
- Table 90 South America Plastic Corrugated Packaging Market Outlook, By Automotive (2021-2030) ($MN)
- Table 91 South America Plastic Corrugated Packaging Market Outlook, By Agriculture (2021-2030) ($MN)
- Table 92 South America Plastic Corrugated Packaging Market Outlook, By Food and Beverages (2021-2030) ($MN)
- Table 93 South America Plastic Corrugated Packaging Market Outlook, By Healthcare (2021-2030) ($MN)
- Table 94 South America Plastic Corrugated Packaging Market Outlook, By Electronics (2021-2030) ($MN)
- Table 95 South America Plastic Corrugated Packaging Market Outlook, By Other End Users (2021-2030) ($MN)
- Table 96 Middle East & Africa Plastic Corrugated Packaging Market Outlook, By Country (2021-2030) ($MN)
- Table 97 Middle East & Africa Plastic Corrugated Packaging Market Outlook, By Packaging Type (2021-2030) ($MN)
- Table 98 Middle East & Africa Plastic Corrugated Packaging Market Outlook, By Trays (2021-2030) ($MN)
- Table 99 Middle East & Africa Plastic Corrugated Packaging Market Outlook, By Folding Boxes (2021-2030) ($MN)
- Table 100 Middle East & Africa Plastic Corrugated Packaging Market Outlook, By Bins and Racks (2021-2030) ($MN)
- Table 101 Middle East & Africa Plastic Corrugated Packaging Market Outlook, By Inserts and Dividers (2021-2030) ($MN)
- Table 102 Middle East & Africa Plastic Corrugated Packaging Market Outlook, By Other Packaging Types (2021-2030) ($MN)
- Table 103 Middle East & Africa Plastic Corrugated Packaging Market Outlook, By Material Type (2021-2030) ($MN)
- Table 104 Middle East & Africa Plastic Corrugated Packaging Market Outlook, By Polyethylene Terephthalate (2021-2030) ($MN)
- Table 105 Middle East & Africa Plastic Corrugated Packaging Market Outlook, By Polypropylene (2021-2030) ($MN)
- Table 106 Middle East & Africa Plastic Corrugated Packaging Market Outlook, By Polycarbonate (2021-2030) ($MN)
- Table 107 Middle East & Africa Plastic Corrugated Packaging Market Outlook, By Other Material Types (2021-2030) ($MN)
- Table 108 Middle East & Africa Plastic Corrugated Packaging Market Outlook, By End User (2021-2030) ($MN)
- Table 109 Middle East & Africa Plastic Corrugated Packaging Market Outlook, By Automotive (2021-2030) ($MN)
- Table 110 Middle East & Africa Plastic Corrugated Packaging Market Outlook, By Agriculture (2021-2030) ($MN)
- Table 111 Middle East & Africa Plastic Corrugated Packaging Market Outlook, By Food and Beverages (2021-2030) ($MN)
- Table 112 Middle East & Africa Plastic Corrugated Packaging Market Outlook, By Healthcare (2021-2030) ($MN)
- Table 113 Middle East & Africa Plastic Corrugated Packaging Market Outlook, By Electronics (2021-2030) ($MN)
- Table 114 Middle East & Africa Plastic Corrugated Packaging Market Outlook, By Other End Users (2021-2030) ($MN)
