The global sales of polyethylene corrugated packaging are estimated to be worth USD 2.5 billion in 2021 and are anticipated to reach a value of USD 4.0 billion by 2031. Sales are projected to rise at a CAGR of 4.8% over the forecast period between 2021 and 2031. The revenue generated by polyethylene corrugated packaging in 2020 was USD 2.4 billion.
This growth is driven by increasing demand from the e-commerce sector, rising need for sustainable packaging solutions, and the expanding use of polyethylene corrugated materials in various industries.
Polyethylene corrugated packaging is a type of packaging material which is made from plastic which is molded in a corrugated form. This packaging is being used because of its properties like lightweight, durability, flexibility, it is highly suitable for applications like storage, shipping, and protection of products.
Polyethylene corrugated packaging is expected to surge due to rising prevalence of online shopping which has increased the demand for efficient and durable packaging solutions. Polyethylene corrugated packaging is being innovated and developed to offer improved recyclability and reduced environmental impact.
Global Polyethylene Corrugated Packaging Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 2.4 billion |
| Estimated Size, 2021 | USD 2.5 billion |
| Projected Size, 2031 | USD 4.0 billion |
| Value-based CAGR (2021 to 2031) | 4.8% |
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Packaging is the most essential and fundamental requirement for transporting products to the customers. Safe and secure packaging keeps the products safe and protects them from moisture, temperature, and external atmospheric conditions. Polyethylene corrugated packaging is suitable for packaging purposes.
Polyethylene corrugated boxes are widely used in various products packaging. The boxes made of polyethylene corrugated packaging is safe and suitable for transporting high-value products like electricals, electronics, glass, smartphones, pharmaceuticals, cosmetics, and food & beverages.
The polyethylene corrugated packaging products are resistant to oil, chemicals, acid, water, and attack by microorganisms. Polyethylene corrugated packaging is growing due to the rising demand for pre-packaged and ready-to-eat food products. Therefore, polyethylene corrugated packaging is expecting significant growth due to remarkable growth in food and beverage industry.
Polyethylene corrugated packaging is a cost-effective and widely used packaging solution for various products and applications. The PE corrugated packaging provides high barrier protection against moisture, water vapour, environmental influences, and contamination.
The boxes or cartons made using PE corrugated sheets are lightweight and flexible. They are foldable, versatile, and reusable. Polyethylene corrugated packaging is resilient packaging for shipping, transporting, and storing products.
The rapid urbanization in developing countries, changing consumer’s preference for packaged food, and rise in quick-service restaurants for safe, secure, and timely delivery of the products propel the growth of polyethylene corrugated packaging.
The increase in the consumption of ready-to-eat and processed food products, online food ordering, and rapidly changing lifestyles pushes the global food market, which drives the growth of the polyethylene corrugated packaging market.
In packaging and shipping, RFID or radio frequency identification offers protection against theft and fraud. It helps the supplier track the product, damage, loss, slow delivery, and real-time cargo movements. The polyethylene corrugated packaging with use of RFID technology increases accuracy, improves efficiency, and supports accelerating the delivery speed.
The RFID technology tracks the location, contents, information and provides complete accountability. The growing customer’s preference for fast, safe and reliable packaging solution enables the polyethylene corrugated packaging to opt for RFID technology.
Additionally, the rising consumer trend to use sustainable and environment friendly packaging as recyclable and reusable products could also bolster the demand for polyethylene corrugated packaging.
Key players such as
are actively involved in polyethylene corrugated packaging market for different applications. Key Asian players such as Plastech Co., Ltd, Shree Ganesh Packaging, LLC, Shish Industries Limited, Yamakoh, Co., Ltd., Dynapac Co., Ltd, and others are actively involved in polyethylene corrugated packaging market for different applications.
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The manufacturers involved in manufacturing polyethylene corrugated packaging adopt various strategies such as product launch, and sustainability to serve the increasing demand for the polyethylene corrugated packaging market.
In May 2021 Minnesota Diversified Industries reusable corrugated box is (RSC) regular-slotted container produced which is more sustainable and cost-effective. It reduces the cost related to box break down, erection, storing and disposing of box packaging.
The polyethylene corrugated packaging provides ideal protection against severe climatic conditions. It is not influenced by external conditions, water, chemicals and protect the products from moisture, UV, dust and contamination.
The increasing takeaway food and online food orders have created ample scope for polyethylene corrugated packaging in USA. The USA people are more conscious about health and hygiene and more concerned about the packaging food and consumer products.
The polyethylene corrugated packaging helps in storing, carrying, and packing various food products and safely maintains the freshness and durability. Therefore, the growing demand for processed, packaged readymade food order and takeaway parcels will generate significant demand for polyethylene corrugated packaging in the USA.
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Polyethylene Corrugated Packaging Market
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