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Plastic Corrugated Packaging Market Poised for 4.6 % Growth, Set to Hit $15.62 Billion by 2029
Plastic Corrugated Packaging Market Size
The plastic corrugated packaging market has grown steadily in recent years. It will rise from $229.84 billion in 2024 to $239.51 billion in 2025, at a CAGR of 4.2%. The growth is driven by the demand for sustainable packaging, the growth of e-commerce, automotive industry needs, food and beverage industry trends, and the optimization of logistics and supply chains.
The plastic corrugated packaging market is expected to grow steadily in the next few years, reaching $287.25 billion by 2029, with a CAGR of 4.6%. Factors such as regulatory changes, the impact of the global pandemic, circular economy initiatives, and the evolution of consumer preferences and e-commerce contribute to this growth. Major trends include innovations in packaging design and technology, the advantages of plastic corrugated packaging, and growing awareness of sustainability.
What Are the Key Drivers Behind the Growth of the Plastic Corrugated Packaging Market?
The increasing implementation of automation technologies is expected to fuel the expansion of the plant asset management market in the coming years. Automation technologies encompass a broad range of systems, processes, and methods that rely on technological advancements to perform tasks with minimal human involvement. Plant asset management (PAM) supports automation technologies by offering a structured approach to overseeing and maintaining industrial assets. For instance, in May 2023, the International Federation of Robotics, a Germany-based non-profit organization, reported a 12% rise in industrial robot installations in manufacturing, reaching 41,624 units in 2022. The automotive sector, predominantly composed of companies from the U.S., Canada, and Mexico, led this trend with 20,391 installed units, marking a 30% increase from 2021. As a result, the adoption of automation technologies is driving the expansion of the plant asset management market.
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Who Are the Major Industry Players Fueling Plastic Corrugated Packaging Market Expansion?
Major companies operating in the plastic corrugated packaging market are DS Smith Plc, Menasha Corporation, ORBIS Corporation, Primex Plastics Corporation, Dynapac Co. Ltd, Minnesota Diversified Industries Inc., FlEXcon Company Inc., Signode Industrial Group, Technology Container Corp, American Containers Inc., GWP Group, Coroplast Inc., Samuel Grant Packaging, CoolSeal USA, A&C Plastics, Androp Packaging Inc., New-Tech Packaging, Söhner Kunststofftechnik GmbH, Amatech Inc., Packman Packaging Private Limited, Classic Enterprises Pvt Ltd, Mills Industries, Twinplast Ltd., Pinnacle Packaging Industries, Corlite Packaging Industries Sdn Bhd, Hinkle Manufacturing Inc., Siddhi Plast by suninfy, Dongguan Jianxin Plastic Products Co. Ltd., Yamakoh Co. Ltd.
Which Key Developments Are Influencing the Plastic Corrugated Packaging Market?
In the plastic corrugated packaging market, major players are developing innovative packaging solutions such as fanfold corrugated packaging to improve efficiency and sustainability. This type of packaging consists of accordion-folded corrugated material, designed for ease of handling, storage, and transport. For instance, in September 2022, VPK Group, a Belgium-based paper and cardboard manufacturer, introduced its fit2size brand. This initiative aims to enhance the adoption of fanfold corrugated packaging across Europe, reducing the need for void fill, spacers, and fillers. It supports on-demand packaging production, lowers stock-keeping unit (SKU) requirements, and minimizes manual handling and packaging processes.
How Is the Segmentation of the Plastic Corrugated Packaging Market Defined?
The plastic corrugated packaging market covered in this report is segmented -
1) By Material: Polypropylene, Polyethylene Terephthalate, Polycarbonate, Polyethylene
2) By Packaging Type: Folding Boxes, Crates, Bins And Racks, Trays, Inserts And Dividers
3) By End-User: Food And Beverages, Automotive, Agriculture, Electrical And Electronics, Healthcare
Subsegments:
1) By Polypropylene: Standard Polypropylene Sheets, Coated Polypropylene, Recycled Polypropylene
2) By Polyethylene Terephthalate: Clear PET Sheets, Colored PET Sheets, Recycled PET Products
3) By Polycarbonate: Solid Polycarbonate Sheets, Multi-Wall Polycarbonate Sheets, Specialty Polycarbonate Formulations
4) By Polyethylene: High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE), Linear Low-Density Polyethylene (LLDPE)
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What Is the Leading Region in the Plastic Corrugated Packaging Market?
Asia-Pacific was the largest region in the plastic corrugated packaging market in 2024. The regions covered in the plastic corrugated packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Plastic Corrugated Packaging Global Market Report?
- Market Size Analysis: Analyze the Plastic Corrugated Packaging Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Plastic Corrugated Packaging Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Plastic Corrugated Packaging Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Plastic Corrugated Packaging Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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