Plastic Corrugated Packaging Market Size, Share, and Industry Analysis By Material (Polypropylene (PP), Polycarbonate (PC), Polyethylene (PE), and Others), By Product Type (Boxes & Containers, Trays, Crates, Inserts & Dividers, and Others), By End-use Industry (Food & Beverages, Healthcare, Electricals & Electronics, Automotive, and Others), and Regional Forecast, 2024-2032

The global plastic corrugated packaging market size is expected to showcase tremendous progress during the forecast period of 2024-2032. Plastic corrugated packaging is a versatile packaging solution that consists of twin-wall plastic sheets with a fluted layer, which provides excellent protection against several external factors while remaining lightweight. The rising awareness about the potential benefits offered by plastic corrugated solutions is boosting its demand from the food & beverage industries as the products ensure the safe delivery of food products. The boxes also offer ventilation, cushioning, and excellent moisture resistance, further driving its demand across the food sector. Rapid advancements in digital printing technologies and services generate profitable growth opportunities.  

• For instance, in April 2021, ORBIS announced the launch of innovative, sustainable, reusable packaging solutions at ProMatDX 2021. PlastiCorr is a new solution offered by the company that can directly replace corrugated fibre boxes with identical functionality and improved features.

The rising demand from several manufacturers for returnable and high-quality plastic corrugated packaging products with enhanced graphic designs is a major factor driving the market growth. In addition, the rapid expansion of the e-commerce industries and the growing demand for crates and containers by the industry also propels the market growth. The increasing consumption of ready-to-go food items coupled with the changing consumption behavior of the millennial population contributes to the market growth.

The rising government regulations on plastic usage and consumer awareness about the harmful effects of plastic packaging on the environment are the major factors restraining the market growth. The increasing awareness about the benefits of corrugated paper packaging is also hampering the market growth. The presence of alternative packaging materials such as cardboard and paperboard is also limiting the market development.

The COVID-19 crisis had a crucial impact on several end-use industries worldwide. However, the food & beverage and pharmaceutical sectors did not experience any major impact. The continuous production and other operations performed in the healthcare and food & beverage industries boosted the growth of the global plastic corrugated packaging market. The pandemic slowed down the production and supply of corrugated plastic products. However, the market flourished with the continuous demand from the pharmaceutical & food industries. The substantial rise in the demand for trays and crates in the transportation industries also created lucrative plastic corrugated packaging market growth opportunities during the COVID-19 pandemic.

KEY INSIGHTS

The report covers the following key insights:

• Recent Advancements in the Plastic Corrugated Packaging Market


• Key Industry Trends


• Regulatory Landscape for the Plastic Corrugated Packaging Industry


• Key Industry Developments (Mergers, Acquisitions, and Partnerships)


• Impact of COVID-19 on the Market

Plastic Corrugated Packaging Market SEGMENTATION Analysis

 ANALYSIS BY MATERIAL

Based on material, the market is segmented into polypropylene (PP), polycarbonate (PC), polyethylene (PE), and others. The polypropylene segment dominates the global plastic corrugated packaging market. The rising demand for moisture-proof, sturdy, and durable packaging solutions among several end-use industries is the major factor propelling the segmental growth. The material can handle more weight of  goods compared to other plastic materials, owing to which the segment’s growth is bolstering.

ANALYSIS BY PRODUCT TYPE

Based on product type, the market is segmented into boxes & containers, trays, crates, inserts & dividers, and others. The boxes & containers segment leads the market and is set to experience significant growth over the forecast period. The plastic corrugated boxes are lightweight compared to other plastic or metal boxes. Subsequently, the rising demand for containers and boxes from the automotive, food, beverages, and electrical industries for ease of transportation drives the segmental growth.

ANALYSIS BY END-USE INDUSTRY

Based on end-use industry, the market is segmented into food & beverages, healthcare, electricals & electronics, automotive, and others. The food & beverages segment dominates the market and is set to witness noteworthy growth over the projected timeframe. The continuously growing demand from food & beverage sectors for sustainable, customizable, and cost-effective packaging solutions that enhance product visibility and improve customer satisfaction is a major factor driving the segmental growth.

REGIONAL ANALYSIS

By region, the plastic corrugated packaging market has been studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America is the dominating region of the global plastic corrugated packaging market. The growing demand for processed and packaged meals, along with the rapid growth in the pharmaceutical industries in the region, is driving the North America market growth. The growing e-commerce sector, along with the rising demand for plastic corrugated boxes and trays in the electronics industry, drives the market growth in the Asia Pacific region.

Europe is the fastest-growing region, and it is expected to experience substantial growth over the projected period. The surging demand for sustainable packaging products and the growing trend of online food delivery services boosts regional growth. Latin American market will witness steady growth due to the growth in online food delivery trends and personal care industries in the region. The Middle East & Africa market is projected to record moderate growth over the forecast period.

KEY PLAYERS COVERED

• Coroplast (Germany)


• DS Smith (U.K.)


• American Containers Inc. (U.S.)


• Minnesota Diversified Industries, Inc. (U.S.)


• FLEXcon Company Inc. (U.S.)


• Technology Container Corp. (U.S.)


• Amatech Inc. (U.S.)

KEY INDUSTRY DEVELOPMENTS

• In October 2023, GWP Correx announced the launch of an innovative and new Rapitainer returnable packaging solution. Rapitainer is a highly durable, corrugated plastic container that can be majorly used to replace single-trip cardboard boxes.