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Comprehensive Plastic Corrugated Packaging Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034
What combination of drivers is leading to accelerated growth in the plastic corrugated packaging market?The expansion of the plastic corrugated packaging market is anticipated to be fuelled by the surge in e-commerce. E-commerce, the practice of buying and selling goods and services through the Internet, often exchanges money and data electronically and uses plastic corrugated packaging due to its durability, cost-effectiveness, and lightweight properties. This ensures goods are transported securely and efficiently. To illustrate, the International Trade Administration, a US government agency, reported in March 2022 that Canadian e-commerce sales were at $2.34 billion and predicted to escalate to $40.3 billion by 2025. Consequently, the flourishing e-commerce sector is spurring the ongoing expansion of the plastic corrugated packaging market.
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What is the projected compound annual growth rate (CAGR) of the plastic corrugated packaging market from 2025 to 2034, and what factors influence it?
The market size of plastic corrugated packaging has seen consistent growth over the past few years. It is projected to expand from $229.84 billion in 2024 to $239.51 billion in 2025, representing a compound annual growth rate (CAGR) of 4.2%. Factors that contributed to this growth in the previous period include the rising demand for sustainable packaging, growth in e-commerce, increased demand from the automotive industry, trends in the food and beverage industry, and logistics and supply chain optimization.
The market for plastic corrugated packaging is anticipated to experience stable expansion in the coming years, with projections putting it at $287.25 billion in 2029 with a 4.6% Compound Annual Growth Rate (CAGR). This predicted growth over the forecast period is influenced by factors such as regulatory shifts, the effect of the worldwide pandemic, initiatives in the circular economy, as well as changes in consumer preferences and the evolution of e-commerce. Key trends identified during this forecast period comprise advances in both packaging design and technology, the benefits of plastic corrugated packaging, and an increased focus on sustainability.
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How are the latest trends influencing the growth of the plastic corrugated packaging market?
Leading businesses in the plastic corrugated packaging market are concentrating on the development of inventive solutions like fanfold corrugated packaging methods to enhance packaging efficiency and sustainability. Fanfold corrugated packaging refers to a packing method that uses corrugated material folded like an accordion, designed to simplify handling, storage, and transportation. For example, in September 2022, VPK Group, a company based in Belgium that specializes in the production of corrugated cardboard packaging from recycled paper, introduced the fit2size brand. This move aims to promote the production of Fanfold corrugated packaging solutions in Europe, with a focus on eliminating the need for void fill, spacers, and fillers. This in turn helps in generating precise, tailored corrugated packaging, lowering stock-keeping units (SKUs), and reducing manual handling and forming procedures.
What are the major segments of the plastic corrugated packaging market and their role in driving growth?
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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Which regions are key players in the growth of 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.
Who are the key firms paving the way for growth in the plastic corrugated packaging market?
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.
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What Is Covered In The Plastic Corrugated Packaging Global Market Report?
•Market Size Forecast: Examine the plastic corrugated packaging market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the plastic corrugated packaging market for a structured understanding.
•Key Players Overview: Analyze major players in the plastic corrugated packaging market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the plastic corrugated packaging market.
•Segment Contributions: Evaluate how different segments drive overall growth in the plastic corrugated packaging market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the plastic corrugated packaging market.
•Industry Challenges: Identify potential risks and obstacles affecting the plastic corrugated packaging market.
•Competitive Landscape: Review strategic developments in the plastic corrugated packaging market, including expansions, agreements, and new product launches.
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