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Plastic Corrugated Packaging Market Anticipated To Witness Robust Growth, Surpassing $287.25 Billion By 2029
The Plastic Corrugated Packaging Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Current Plastic Corrugated Packaging Market Size and Its Estimated Growth Rate?
In recent times, the plastic corrugated packaging market has had consistent growth. The industry is projected to expand from $229.84 billion in 2024 to $239.51 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 4.2%. Factors influencing this growth during the historical period include the rising demand for environmentally friendly packaging, increased e-commerce activities, requirements from the automotive sector, food and beverage industry developments, and improvements in logistics and supply chain management.
In the upcoming years, the market size of plastic corrugated packaging is predicted to experience consistent expansion. The estimations suggest it will rise to $287.25 billion by 2029, with a compound annual growth rate (CAGR) of 4.6%. This incremental growth during the forecast period can be credited to factors such as regulatory alterations, repercussions of the global pandemic, the advent of the circular economy, and the shifts in consumer tastes and e-commerce dynamics. The forecast period is also likely to see key trends like advancements in packaging design and technology, the benefits associated with plastic corrugated packaging, and enhanced consciousness about sustainability.
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How Are Emerging Segments Shaping the Plastic Corrugated Packaging Market Landscape?
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 Growth Factors Are Influencing Plastic Corrugated Packaging Market Expansion?
The surge in e-commerce is predicted to stimulate the expansion of the plastic corrugated packaging market in the future. E-commerce, the digital interface for the transaction of money and data, typically via the internet, facilitates the buying and selling of products and services. Owing to its durability, lightness, and cost-efficiency, e-commerce heavily relies on plastic corrugated packaging to ensure safe and effective goods transport. For example, as reported by the International Trade Administration, a governmental organization based in the US, e-commerce sales in Canada stood around $2.34 billion in March 2022 and are anticipated to soar to $40.3 billion by 2025. Consequently, the burgeoning e-commerce market is fuelling the persistent growth of the plastic corrugated packaging industry.
Who Are the Dominant Players Across Different Plastic Corrugated Packaging Market Segments?
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.
What Are the Latest Developing Trends in the Plastic Corrugated Packaging Market?
Leading firms in the plastic corrugated packaging sector are centring their efforts on conceiving novel solutions, like fanfold corrugated packaging solutions, in a bid to augment packaging efficiency and sustainability. Fanfold corrugated packaging solutions employ an accordion-folded corrugated material, developed for simplified handling, storage, and transportation. Case in point, the VPK Group, a firm based in Belgium that is renowned for manufacturing corrugated cardboard packaging from recycled paper, debuted the fit2size brand in September 2022. This strategy is designed to further the progression of Fanfold corrugated packaging solutions throughout Europe, with a prime focus on eradicating void fill, spacers, and fillers. Simultaneously, it enables the crafting of accurate, on-demand corrugated packaging, reduces the number of stock-keeping units (SKUs), and scales down manual handling and molding operations.
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Which Geographic Regions Are Expected to Dominate the Plastic Corrugated Packaging Market in the Coming Years?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Plastic Corrugated Packaging Market?
2. What is the CAGR expected in the Plastic Corrugated Packaging Market?
3. What Are the Key Innovations Transforming the Plastic Corrugated Packaging Industry?
4. Which Region Is Leading the Plastic Corrugated Packaging Market?
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