Global Corrugated Plastic Board Market Size By Thickness, By Product Type, By End-User Industry, By Geographic Scope And Forecast

Corrugated Plastic Board Market Size And Forecast

Corrugated Plastic Board Market size was valued at USD 3.9 Billion in 2024 and is projected to reach USD 5.89 Billion by 2032, growing at a CAGR of 5.3% from 2026 to 2032.

A corrugated plastic board, also known as a corrugated plastic sheet or coroplast is a lightweight, long-lasting material formed of two flat plastic sheets sandwiching a fluted or wave-like plastic core, which is usually made of polypropylene or polyethylene.

The board benefits from its unique layered construction, which provides strength, impact resistance, and insulation.

Corrugated plastic boards are used in a variety of applications due to their adaptability and favorable features. They are used for temporary outdoor signage, such as yard signs, campaign signs, real estate signs, and parking signs because they are inexpensive, sturdy, and simple to print on.

Furthermore, corrugated plastic is also utilized in packaging and containers, especially postal service letter carriers, due to its lightweight but durable nature.

Global Corrugated Plastic Board Market Dynamics

The key market dynamics that are shaping the corrugated plastic board market include:

Key Market Drivers

Growth in E-commerce and Packaging Industry: The rapid growth of e-commerce is increasing demand for corrugated plastic boards in packaging applications. According to the US Census Bureau, e-commerce sales in the United States reached $870.8 billion in 2021, up 14.2% from 2020. The rise in internet shopping has raised demand for long-lasting, lightweight packing materials such as corrugated plastic boards.

Sustainability and Recyclability Trends: The demand for more environmentally friendly packaging options is driving the corrugated plastic board market. The Environmental Protection Agency (EPA) reports that in 2018, 68.2% of paper and cardboard packaging in the United States was recycled. Corrugated plastic boards, which are recyclable and reusable, fit into this trend. A Freedonia Group analysis estimates that the demand for recyclable packaging materials will grow by 3.9% annually until 2023, pushing the adoption of corrugated plastic boards as an eco-friendly alternative.

Expansion in Construction and Signage Industries: The building and signage industries are key drivers of the corrugated plastic board market. The U.S. Bureau of Labor Statistics predicts that employment in the construction business will expand by 8.5% between 2019 and 2029, faster than the overall average. This rise is likely to boost demand for corrugated plastic boards, which are used to protect building sites and temporary structures. Furthermore, the Specialty Graphic Imaging Association (SGIA) predicts that the signage and graphics sector will grow at a 2.1% CAGR from 2019 to 2024, driving up demand for corrugated plastic boards in signage applications.

Key Challenges:

Limited Awareness and Acceptance: Although corrugated plastic boards are widely utilized in numerous industries, some markets have a low level of knowledge and acceptance of these goods. Overcoming logistical, cultural, and legislative barriers is required for expansion into these locations, posing challenges for market penetration and growth.

Competition from Substitutes: Corrugated plastic boards compete with other materials such as wood, metal, and traditional corrugated cardboard in a variety of applications. These replacements' ability to meet specific requirements, such as strength, durability, and cost-effectiveness, limits corrugated plastic board market share in some categories.

Key Trends:

Innovations in Product Design: Manufacturers are constantly developing the shape and structure of corrugated plastic boards to improve their performance and versatility. This involves creating boards with higher strength-to-weight ratios, better heat and moisture resistance, and more printability for high-quality graphics and signage applications.

Expanding End-User Applications: The use of corrugated plastic boards is growing beyond conventional industries such as packaging and signage. Because of their durability and lightweight features, these boards are becoming increasingly popular in the automotive, agriculture, and construction industries for applications like as automobile parts, protective coverings, and temporary constructions.

Global Corrugated Plastic Board Market Regional Analysis

Here is a more detailed regional analysis of the corrugated plastic board market:

Asia Pacific:

According to Verified Market Research, Asia Pacific is estimated to dominate the corrugated plastic board market over the forecast period. The Asia-Pacific region is experiencing tremendous e-commerce expansion, which is increasing demand for packaging materials such as corrugated plastic boards. According to a survey by Google, Temasek, and Bain & Company, the e-commerce market in Southeast Asia alone is expected to grow to USD 172 Billion by 2025, up from USD 38 Billion in 2019. This indicates a 23% compound yearly growth rate (CAGR). China, the region's largest e-commerce industry, saw online retail sales hit 11.76 trillion yuan (roughly USD 1.8 Trillion) in 2021, up 14.1% year on year, according to the National Bureau of Statistics of China. The significant growth in e-commerce is driving demand for long-lasting and lightweight packaging options such as corrugated plastic boards.

The construction industry in Asia Pacific is expanding rapidly, increasing demand for corrugated plastic boards used in construction applications. According to the Asian Development Bank (ADB), construction in emerging Asia is expected to rise by 7.1% per year from 2021 to 2025. The India Brand Equity Foundation (IBEF) predicts that India's construction industry will develop at a 7.1% CAGR between 2023 and 2026. This expansion is driving up demand for corrugated plastic boards, which are used for protection, temporary buildings, and signage on construction sites.

Furthermore, the Asia Pacific region is placing a greater emphasis on sustainable packaging solutions, which benefits the corrugated plastic board market due to its recyclability and reusable nature. According to a report by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), the region creates over half of the world's plastic garbage, increasing the demand for sustainable alternatives. In response, countries such as China have established ambitious recycling targets. China plans to recycle 35% of its plastic garbage by 2025, up from 22% in 2019, according to the National Development and Reform Commission. This emphasis on sustainability is encouraging the use of environmentally friendly packaging materials such as corrugated plastic boards in a variety of sectors throughout the region.

North America:

North America is estimated to exhibit substantial growth within the market during the forecast period. The rapid expansion of e-commerce in North America is increasing demand for corrugated plastic boards in packaging applications. According to the US Census Bureau, e-commerce sales in the United States will reach $870.8 billion in 2021, accounting for 13.2% of total retail sales. This implies a 14.2 percent gain over 2020. The developing e-commerce infrastructure necessitates the use of robust, lightweight, and cost-effective packaging materials, which is driving demand for corrugated plastic boards across North America.

The region is experiencing a growing trend toward sustainable packaging solutions, which is beneficial to the corrugated plastic board industry. According to the Environmental Protection Agency (EPA), in 2018, the United States created 82.2 million tons of container and packaging waste. Of this amount, 53.9% was recycled. Corrugated plastic boards, which are recyclable and reusable, are in line with the sustainability movement.

Furthermore, the healthy construction sector in North America is a major driver of the corrugated plastic board market. According to the US Bureau of Labor Statistics, the construction industry is expected to add approximately 400,000 new employment between 2020 and 2030, outpacing the average for all occupations. This growth is likely to drive up demand for corrugated plastic boards, which are used to protect building sites, temporary structures, and signage. According to the Associated General Contractors of America, building spending in the United States would exceed $1.57 trillion in 2021, an 8.2% rise over 2020, indicating a significant need for corrugated plastic board in this industry.

Europe:

The rapid expansion of e-commerce in Europe is increasing demand for corrugated plastic boards in packaging applications. According to Eurostat, the percentage of EU citizens aged 16 to 74 who made online purchases rose from 56% in 2015 to 73% in 2020. The boom in internet shopping has raised demand for long-lasting, lightweight packing materials. According to the European Federation of Corrugated Board Manufacturers (FEFCO), the corrugated board industry in Europe will grow by 2.8% in 2020, with e-commerce playing a significant role. This growth trend is projected to continue, increasing demand for corrugated plastic boards in the packaging industry.

Furthermore, the construction industry in Europe is a major driver of the corrugated plastic board market. According to the European Construction Industry Federation (FIEC), building activity in the EU27 countries is expected to increase by 3.5% in real terms in 2023. This expansion is likely to drive up demand for corrugated plastic boards, which are used for building site protection, temporary structures, and signs. Furthermore, the European Commission has allocated €723.8 billion in grants and loans through the Recovery and Resilience Facility to help with post-COVID-19 recovery, with a large chunk going toward infrastructure projects. This investment is projected to boost demand for corrugated plastic boards in the construction industry.

Global Corrugated Plastic Board Market: Segmentation Analysis

The Corrugated Plastic Board Market is segmented based on Thickness, Product Type, End-User Industry, and Geography.

Corrugated Plastic Board Market, By Thickness

• Less than 3 mm

3 mm-8 mm

• More than 8 mm

Based on Thickness, the market is segmented into Less than 3 mm, 3 mm-8 mm, and More than 8 mm. The 3 to 8 segment is estimated to dominate the corrugated plastic board market. This thickness range gained popularity because it established an excellent balance between flexibility and strength, making it adaptable and ideal for a variety of applications. Boards with thicknesses ranging from 3 to 8 mm are extensively used in industries such as packing, construction, and signage because they provide the ideal balance of durability and versatility to satisfy the needs of a wide range of users.

Corrugated Plastic Board Market, By Product Type

• Single-wall Corrugated Plastic Boards
• Double-wall Corrugated Plastic Boards
• Triple-wall Corrugated Plastic Boards

Based on Product Type, the market is segmented into Single-wall, Double-wall, and Triple-wall Corrugated Plastic Boards. The single-wall corrugated plastic board segment is estimated to dominate the corrugated plastic board market due to its widespread use in a variety of industries, including signage, packaging, and construction, due to its resilience, lightweight design, and low cost. Single-wall boards provide a good blend of strength and flexibility, making them ideal for applications that require modest protection and rigidity. The growing need for adaptable and eco-friendly plastic sheets across a variety of end-use sectors has contributed significantly to this segment's dominance in the corrugated plastic board market.

Corrugated Plastic Board Market, By End-User Industry

• Packaging
• Automotive
• Agriculture
• Building and Construction
• Signage and Printing
• Others

Based on the End-User Industry, the market is divided into Packaging, Automotive, Agriculture, Building & Construction, Signage & Printing, and Others. The packaging segment is estimated to dominate the market over the forecast period owing to corrugated plastic's adaptability and durability, which make it an excellent material for a variety of packaging applications such as boxes, containers, and protective packaging. The expansion of e-commerce, as well as the requirement for sustainable, lightweight, and long-lasting packaging solutions, has increased demand for corrugated plastic boards in the packaging industry.

Corrugated Plastic Board Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the World

Based on Geography, the Corrugated Plastic Board Market is classified into North America, Europe, Asia Pacific, and the Rest of the World. Europe region is estimated to exhibit substantial growth during the forecasted period. The increasing need for corrugated plastic boards in a variety of industries, including graphic arts, signage, packaging, and construction, has helped Europe maintain its market growth. The presence of significant players, as well as the increasing usage of sustainable packaging solutions, are driving regional market expansion.

Key Players

• The "Corrugated Plastic Board Market" study report will provide valuable insight with an emphasis on the global market. The major players in the market are International Paper, Smurfit Kappa, WestRock, DS Smith, Sonoco Products, Paccor, Starlinger Group, Nuova Plastica, and IPack Packaging.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

• Corrugated Plastic Board Market Recent Developments
• In July 2024, Coroplast announced the expansion of its corrugated plastic sheet manufacturing facility in Lolita, Texas to fulfill rising demand for its products in the signage, packaging, and construction industries.