As per a recent market analysis by Future Market Insights (FMI), sales of Plastic Corrugated sheets are forecast to surge at a 6.2% CAGR, reaching USD 1.42 billion in 2023. With this compound annual growth rate, the plastic corrugated sheets market is expected to reach USD 2.60 billion by 2033.
The plastic corrugated sheets market has grown significantly in recent years, driven by its increasing use in various applications, such as packaging, display, signs, and partitions. The sheets are typically made from high-density polyethylene (HDPE) or polypropylene (PP) and are lightweight, durable, and weather-resistant.
As consumers become more environmentally conscious, demand for eco-friendly packaging solutions is growing. The increasing demand for eco-friendly and sustainable packaging solutions has boosted the demand for plastic corrugated sheets, as they are reusable and recyclable.
In addition, their lightweight and low-cost nature make them a popular alternative to traditional packaging materials, such as cardboard boxes.
The growing construction industry is driving demand for plastic corrugated sheets, as they are used in various construction applications. Moreover, plastic corrugated sheets can be customized to meet specific packaging needs, adding to their versatility and popularity.
The agriculture industry is also contributing to the growth of the plastic corrugated sheets market, as they are used for various agricultural applications, including greenhouse covers and plant trays.
Digital printing is becoming more popular in the plastic corrugated sheets market, as it provides more design options and allows for faster and more efficient printing. Hence, companies are also capitalizing on the growing popularity of digital printing and the growth of related industries.
The growth of the e-commerce industry is creating a high demand for efficient and sustainable packaging solutions, providing opportunities for plastic corrugated sheets.
Moreover, there are opportunities to expand the plastic corrugated sheets market into emerging markets, where demand for eco-friendly packaging solutions is growing. Therefore, companies have the opportunity to develop new plastic corrugated sheet products to meet changing customer needs and to stay ahead of the competition.
| Attributes | Details |
|---|---|
| Plastic Corrugated Sheets Market Value (2023) | USD 1.42 billion |
| Plastic Corrugated Sheets Market Expected Value (2033) | USD 2.60 billion |
| Plastic Corrugated Sheets Market Projected CAGR (2023 to 2033) | 6.2% |
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| XYear | 2016 to 2022 |
|---|---|
| CAGR | 3.7% |
| Value | USD 1.08 billion (2016) |
| Year | 2016 to 2022 |
|---|---|
| CAGR | 3.7% |
| Value | USD 1.30 billion (2021) |
| Year | 2016 to 2022 |
|---|---|
| CAGR | 3.7% |
| Value | USD 1.37 billion (2022) |
| Year | 2023 to 2033 |
|---|---|
| CAGR | 6.2% |
| Value | USD 1.42 billion (2023) |
| Year | 2023 to 2033 |
|---|---|
| CAGR | 6.2% |
| Value | USD 2.51 billion (2032) |
| Year | 2023 to 2033 |
|---|---|
| CAGR | 6.2% |
| Value | USD 2.60 billion (2033) |
Driven by the expansion of the food and construction industries across the globe, the plastic corrugated sheet market is anticipated to rise at 6.2% CAGR from 2023 to 2033. Plastic corrugated sheets are made from high-impact polypropylene copolymer or low-density polyethylene.
These sheets are specially derived from extruded plastic, also known as twin-wall or multi-wall sheets, produced in a continuous extrusion process. They are waterproof, heat-insulated, and long-lasting while being chemical, moisture, and acid-resistant, as well as pest and termite resistant.
Its tendency to adhere to unforeseen hardships and climate changes is indeed an advantage. It is a robust, long-life, and customized packaging solution for various end-user applications.
| Short Term (2023 to 2026) |
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|---|---|
| Medium Term (2026 to 2029) |
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| Long Term (2029 to 2033) |
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Plastic corrugated sheets are extensively used in the advertising industry for exhibition and signboards, indoor-outdoor signage, and digital and screen-printing displays. These sheets provide robust protection against environmental influences and are easily installable, ideal for temporary walls, fencing, and partitions.
Plastic corrugated sheet is among the maximum protective packaging solutions, providing optimum level protection for all kinds of material parts of different sizes and shapes. They are an excellent source of roofing and flooring materials, and are used in the agriculture industry for the construction of greenhouses and the protection and handling of plants during transport.
The emergence of e-commerce and digital platforms is anticipated to propel sales of plastic corrugated sheets. Versatility, flexibility, sustainability, and cost-effectiveness are chief factors driving the popularity and adoption of plastic corrugated sheets in various end-use industries.
Growing demand for recyclable, reusable, non-toxic, and environment-friendly solutions is spurring and is projected to spur sales of plastic corrugated sheets in the forthcoming years.
| Market Statistics | Details |
|---|---|
| Jan–Jun (H1), 2021 (A) | 3.6% |
| Jul–Dec (H2), 2022 (A) | 3.4% |
| Jan–Jun (H1), 2022 Projected (P) | 3.4% |
| Jan–Jun (H1), 2022 Outlook (O) | 4.0% |
| Jul–Dec (H2), 2022 Outlook (O) | 4.0% |
| Jul–Dec (H2), 2022 Projected (P) | 3.6% |
| Jan–Jun (H1), 2023 Projected (P) | 3.8% |
| BPS Change : H1,2022 (O) - H1,2022 (P) | 40 |
| BPS Change : H1,2022 (O) - H1,2021 (A) | 60 |
| BPS Change: H2, 2022 (O) - H2, 2022 (P) | 40 |
| BPS Change: H2, 2022 (O) - H2, 2022 (A) | 60 |
Plastic corrugated roofing sheet has a remarkable structure, long-lasting durability, and is easy to install without any complications. They can withstand air pressure just about 200 times stronger than glass. Hence, they are ideal for protection against heavy wind and storms.
Additionally, it is favored in new building construction projects to protect them from dust and fumes from debris generated during construction.
Plastic corrugated sheets are incredibly weather-resistant, scratch-resistant, and suitable for hot and cold temperatures. In construction sites, heavy equipment, material movements, and foot traffic are involved; these factors can damage new walls, floors, windows, and doors on the site.
The floor also gets damaged during plastering, painting, and electrical work. Plastic corrugated sheets are used here to protect the valuable interiors in construction projects, as they are lightweight and sturdy.
These sheets are also economically viable, as they can be reused for the next project. Therefore, rapid growth in the construction sector due to urbanization and industrialization is anticipated to shape the demand outlook for plastic corrugated sheets positively.
Principal Consultant
Demand for plastic corrugated sheet packaging is gaining momentum due to the expansion of the e-commerce sector, promotional campaigns launched by producers on social media platforms, and the emergence of sophisticated digital technologies.
Customers prefer online shopping due to convenience, safety, security, and easy home delivery. Meanwhile, the e-commerce industry requires highly flexible, impact-resistant, and versatile packaging for the safe transportation of products.
Plastic corrugated sheets are ideal packaging solutions, as they provide the optimum level of protection for various products of different sizes and shapes. They are lightweight, fire and chemical-resistant, offer protection to packaging goods from environmental factors, and are ideal for handling and transportation.
The use of plastic corrugated sheets reduces transportation costs due to low material density. It can be converted into boxes, bins, dividers, and totes for various indoor and outdoor packaging applications. Plastic corrugated sheets are ideal for packaging, as it is impact resistant, flexible, and versatile, and can be stapled, stitched, and cut according to different sizes and shapes.
With rising demand for efficient packaging in food & beverages, electrical and electronic products, and logistics and transportation companies, the plastic corrugated sheet is widely adopted as high barrier protection. This, in turn, is anticipated to translate into increased sales opportunities for plastic corrugated sheets over the assessment period.
| Countries | Market Value (2022) |
|---|---|
| United States | USD 183.6 million |
| Germany | USD 55.1 million |
| United Kingdom | USD 37.4 million |
| China | USD 322.1 million |
| Japan | USD 47.3 million |
| India | USD 113.8 million |
The United States plastic corrugated sheets market is growing rapidly in recent years, driven by increasing demand for packaging solutions. The country accounted for13.4%of the global market share in 2022.
The country is a key consumer of packaging materials and has a mature market for plastic corrugated sheets, with several manufacturers and suppliers operating here.
These companies are investing in advanced manufacturing technologies and expanding their product portfolio to cater to the growing demand for plastic corrugated sheets.
The construction industry is another key end-user of plastic corrugated sheets in the United States. The increasing demand for energy-efficient and sustainable construction practices is driving the demand for plastic corrugated sheets in the United States construction industry.
On the other hand, the growing awareness of environmental sustainability is driving the demand for eco-friendly packaging solutions, and plastic corrugated sheets are a popular choice for this purpose.
Increasing vehicle production across the United States is expected to present attractive opportunities for sales through the forecast period. Plastic corrugated sheets have an ideal combination of form, function, and safety. Hence, they are used as vehicle windscreen materials and window guards.
The automotive industry relies on plastic corrugated sheets for interior auto components, partitions, wall panels, and tractor sidewalls, among others. Laminated plastic corrugated sheets protect automotive parts from abrasion during handling and shipping.
The United States is also expected to exhibit high demand for polypropylene corrugated sheets, on account of increasing applications in the electronics industry. Polypropylene corrugated sheet protects electronic devices from electrostatic damage during transport.
Therefore, rising demand for automobiles, auto components, and various electronic goods is expected to enhance the sales prospects of the plastic corrugated sheets market in the United States.
The United Kingdom plastic corrugated sheets market is experiencing steady growth due to the increasing demand for these sheets in various applications, such as packaging, signage, and construction. The market is expected to continue growing during the forecast period due to several factors.
The primary growth factor is the increasing demand for eco-friendly and sustainable packaging solutions, as plastic corrugated sheets are made from recyclable materials.
The packaging sector is the leading end-user of plastic corrugated sheets in the United Kingdom. These sheets are widely used in the food and beverage industry in the country for fresh produce and ready-to-eat meals.
The construction sector is also an important end-user of plastic corrugated sheets in the United Kingdom. These sheets are used for various applications, such as roofing, cladding, and partitions. In addition to the packaging and construction sectors, the plastic corrugated sheets market is also being driven by the demand for these sheets in the advertising and signage industry.
These sheets are used to create eye-catching signs and displays that are both durable and lightweight. Therefore, the market in the United Kingdom is expected to surpassUSD 46.9 millionby 2033, exhibiting a CAGR of2.56%.
The German plastic corrugated sheets market is a growing sector due to the increasing demand for packaging solutions. This has led to a rise in the use of plastic corrugated sheets in several end-use industries, such as food and beverages, pharmaceuticals, automotive, and electronics.
In recent years, there has been a growing trend towards sustainable packaging solutions in Germany, driven by the increasing awareness about environmental protection and waste reduction. This has also led to an increase in the use of recycled and biodegradable plastic corrugated sheets.
Rising awareness regarding health and hygiene is fueling the demand for advanced packaging solutions for food and consumer goods items. Besides this, increasing takeaway and online food and beverage orders are creating ample scope for plastic corrugated sheet packaging sales in Germany.
The presence of leading and emerging market players is also anticipated to foster sales of plastic corrugated sheets over the forecast period.
For instance, Ondaplast is a leading company of corrugated plastic sheet company in Europe. TheEuropean Polycarbonate Sheet Extruders (EPSE) represent polycarbonate sheet producers and suppliers across Europe. The association represents 10 companies, producing over 120 000 tons of polycarbonate sheets every year.
The presence of such associations, protecting the rights and businesses of polycarbonate sheet manufacturers, is expected to create a conducive environment for sales across Europe.
Germany recorded holdinga 4.0%share of the global market in 2022. In terms of production, Germany is a significant player in the European plastic corrugated sheets market, with a well-established manufacturing base and high-quality production standards. This has attracted different multinational companies to invest in the country and expand their operations.
The plastic corrugated sheets market in India is projected to develop at8.98%CAGR during the forecast period, reachingUSD 246.8 millionby 2033.
The Indian plastic corrugated sheets market has been growing in recent years, driven by the increasing demand for eco-friendly and cost-effective packaging solutions. The constructive properties of plastic corrugated sheets have made them an attractive option for packaging in various industries in India.
One of the key factors contributing to the growth of the market in the country is the growing e-commerce industry. The rise of online shopping has led to a surge in demand for packaging materials. Plastic corrugated sheets have become the preferred choice for packaging due to their strength, affordability, and eco-friendliness.
Another factor contributing to the growth of the plastic corrugated sheets industry in India is the several important initiatives by the government toward promoting sustainable packaging. The Indian government has been encouraging the use of eco-friendly packaging materials to reduce the carbon footprint and improve the environment. This has directly impacted the adoption of plastic corrugated sheets in the country positively.
Rising urbanization and industrialization in India are propelling demand for effective packaging solutions in the construction and architecture sectors, thereby boosting sales of plastic corrugated sheets. Besides this, rapid growth in malls and supermarkets is spurring demand for plastic corrugated sheets.
According to Invest India, the construction industry in India is expected to reach USD 1.4 trillion by 2025. It also received the 2nd premier FDI during 2000 to 2020. Therefore, rapid growth in real estate, urban development, and the construction sector is expected to continue boosting sales of plastic corrugated sheets in India.
The Chinese plastic corrugated sheets market has witnessed massive growth recently due to the increasing demand from various end-use industries. The market in China is expected to exhibita 7.89%CAGR during the forecast period, surpassing USD 638.1 millionby 2033.
The packaging sector is the leading end-user of plastic corrugated sheets in China, accounting for a significant share of the market. The demand for plastic corrugated sheets has increased owing to the growing e-commerce sector and rising demand for lightweight and durable packaging solutions.
The construction industry is another significant end-user of plastic corrugated sheets in China. The demand for plastic corrugated sheets in the construction industry has increased because of their use in the construction of temporary structures, such as site offices and storage sheds.
The agriculture industry is also a significant contributor to the growth of the plastic corrugated sheets industry in China. Plastic corrugated sheets are widely used in the construction of greenhouses, nurseries, and other agricultural structures in the country.
In China, the market is typically dominated by domestic players with a few international players also present. The competition in the market is intense, and companies are investing heavily in research and development to bring innovative products to the market.
According to the Foreign Agriculture Service, China has the maximum agricultural demand and is the world's leading agricultural importer, totaling USD 133.1 billion in 2019.Plastic corrugated sheets made of polypropylene are more hygienic, strong, and useful than other materials.
They are also extensively used in coverings and cladding for greenhouses and livestock shelters, which is driving their adoption in the construction of farm buildings, agricultural storage, animal confinement, and cladding.
Coupled with demand in the agriculture sector, China is expected to exhibit impressive opportunities for sales in the food packaging sector.
As per FMI, the Japanese plastic corrugated sheets market accounted for3.4%of the global market in 2022. The market in Japan has been growing owing to the increasing demand for eco-friendly and lightweight packaging materials.
The market is driven by the flourishing e-commerce sector which requires sturdy and frivolous packaging materials for online deliveries. Additionally, the Japanese government has implemented regulations to promote the use of environmentally friendly packaging. This has further boosted the demand for plastic corrugated sheets in the country.
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| Segment | Material Type |
|---|---|
| Attributes | Polypropylene (PP) |
| Details (Market Share in 2022) | 52.0% |
| Segment | Layer Structure |
|---|---|
| Attributes | 3 to 8 mm |
| Details (Market Share in 2022) | 50.4% |
Polypropylene (PP) corrugated sheets are hollow sheets that come in different thicknesses, sizes, and vibrant colors. They are made of high-quality polypropylene resin and have a high strength-to-weight ratio. It has excellent cushioning properties due to the presence of air between two layers.
Polypropylene material is resistant to chemical and acid reactions and has a low moisture absorption rate and superior electrical insulator, which in turn, is spurring demand for the same. Polypropylene corrugated sheet is resistant to chemicals UV, static load, fire, and harsh climatic conditions.
It is also budget-friendly packaging, as it is repeatedly reusable and reduces transportation costs with low material density.
The boxes made of polypropylene corrugated sheets protect the products during shipping and reduce the chances of damage. Additionally, it is eco-friendly packaging with ease of recycling and reproducibility of expired products, and its extended-lasting usage reduces waste generation.
Plastic corrugated sheets play a vital role in the packaging industry. These sheets are sturdy, durable, and offer soil resistance, which makes them an alternative to paperboard and wooden packaging material.
Plastic corrugated sheets are used to make boxes, cartons, interlayers, palletizer inert, grids/raster, and protective sheets for packaging. The boxes made using plastic corrugated sheets are designed according to the properties of the products to be packaged.
The tiny sheets are placed between the products to protect against environmental changes and keep products safe and secure. The flutes between the plastic corrugated sheets provide shock-absorbing cushioning to protect the packaged products from breaking and damage during handling and transportation.
In addition to this, plastic corrugated sheets are cost-effective and budget-friendly, as they reduce transportation costs due to being lightweight and do not tear off easily. They are ideal for packaging food and beverages, medical and pharmaceutical products, and automotive components.
The plastic corrugated sheets can provide extra resistance against UV, static load, and fire. Owing to these factors, sales prospects of plastic corrugated sheets appear to be bright during the forecast period.
Plastic corrugated sheets are available in different wall thicknesses, from 2 mm up to 25 mm, and each thickness variant has different functions and applicability, such as reducing storage space and increasing shipping strength.
The thickness acts as a cushion to protect the contents and serves as an insulator, providing high barrier protection from environmental influences and sudden temperature changes. The 3mm to 8 mm thickness range is used in indoor and outdoor applications, as they are more robust and durable and can be cut to any size and shape.
They offer excellent break, puncture, and crush-resistant properties and have good stacking strength. These factors are expected to propel the adoption of 3mm to 8mm thickness range plastic corrugated sheets over the assessment period.
Start-ups in the plastic corrugated sheets market are focusing on sustainability and eco-friendliness. They aim to provide advanced plastic corrugated sheets that are not only durable or functional, but also eco-friendly. Many of these start-ups are committed to reducing plastic waste and promoting a circular economy where plastic is reused and repurposed rather than discarded.
CorruGreen – United States
This start-up company specializes in producing plastic corrugated sheets. The company’s focus is on sustainability, as it seeks to produce these sheets from eco-friendly, renewable, and biodegradable materials. The company aims to provide customers with a better version of traditional plastic corrugated sheets that are environmentally friendly.
Re-PLAST – India
This start-up produces sustainable plastic products, including plastic corrugated sheets. It aims to provide an eco-friendlier alternative to conventional plastic products by using recycled materials and implementing a sustainable production process.
The plastic corrugated sheets market is very fragmented, with the presence of multiple key market players. These companies offer a range of plastic corrugated sheets and provide services such as manufacturing, distribution, and packaging solutions.
These players focus on strategies such as mergers, acquisitions, partnerships, and new product developments to strengthen their market position and maintain competitiveness. Additionally, they invest in research and development activities to enhance their product portfolio and improve product quality
Karton SPA
The Bressan family began producing corrugated cardboard packaging in 1967, and that business eventually grew to become Karton, a key producer of polypropylene sheets.
In the modern era, Karton has developed into a business that successfully blends the energy of a medium-sized firm with the technological ethos and competence typical of a large organization. The firm is distinctive due to flexibility and lean manufacturing.
In June 2021, Karton SPA was awarded EcoVadis’ Gold Medal to recognize its sustainable commitment to environmental protection and ethics.
Corex Plastics
Fluteboard® with a double wall profile, Corflute® sheet products, and solid sheet extrusions are solely produced by Corex Plastics. Its wide selection of strong, solid plastic sheets provides a comprehensive solution for plastic packaging in both regular and personalized forms.
Corex supports all types of organizations with storage and signage solutions as one of the top providers of packaging in PP & HDPE plastic corrugated sheets.
DS Smith
DS Smith is a top supplier of environmentally friendly packaging options, paper goods, and recycling services. The organization, as well as its services and areas of competence, have expanded significantly during the previous 80 years. It now operates in over 30 nations. It offers strategic assistance to its clients across the entirety of its packaging supply cycle.
The net worth of the market is expected to be USD 2.60 billion by 2033.
The market is calculated to expand at a CAGR of 6.2% through 2033.
Key merchants are entering new geographies and innovating new product lines for certain applications to level up their game.
Growing demand for sustainable packaging solutions and increasing popularity of digitization are shaping market growth.
India showcases stellar CAGR of 8.98% over the forecast period.
1. Executive Summary | Plastic Corrugated Sheets Market
2. Market Overview
3. Market Background
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material Type
5.1. Polyethylene
5.2. Polypropylene
5.3. Polycarbonate
5.4. Polyethylene Terephthalate
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Thickness
6.1. Less than 3 mm
6.2. 3 to 8 mm
6.3. Above 8 mm
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use
7.1. Packaging
7.1.1. Healthcare
7.1.2. Food
7.1.3. Automotive
7.1.4. Electronics
7.1.5. Others
7.2. Logistics & Transportation
7.3. Building & Construction
7.4. Agriculture & Allied Products
7.5. Advertisement
7.6. Graphics
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
8.1. North America
8.2. Latin America
8.3. Europe
8.4. Asia Pacific
8.5. MEA
9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14. Key Countries Market Analysis
15. Market Structure Analysis
16. Competition Analysis
16.1. DS Smith
16.2. Coroplast
16.3. Twinplast Ltd
16.4. Shish Industries Limited
16.5. Classic Enterprises Pvt Ltd
16.6. Corlite Packaging Industries Sdn. Bhd
16.7. Distriplast
16.8. Creabuild Trading LLC
16.9. Roplast
16.10. Yamakoh, Co., Ltd.
17. Assumptions & Acronyms Used
18. Research Methodology
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Plastic Corrugated Sheets Market
