The global sales of polypropylene corrugated packaging are estimated to be worth USD 10 billion in 2021 and are anticipated to reach a value of USD 17.6 billion by 2031. Sales are projected to rise at a CAGR of 5.8% over the forecast period between 2021 and 2031. The revenue generated by Polypropylene Corrugated Packaging in 2020 was USD 9.5 billion.
The polypropylene corrugated packaging market is also expected to see healthy growth on account of growing demand from various industries such as food and beverages, pharmaceuticals, automotive, and electronics. Polypropylene corrugated packaging has emerged as the go-to material for companies operating in different sectors owing to its lightweight, durability, and recyclable nature and seeks affordable and environmental-friendly packaging solutions.
Due to the increasing emphasis on global sustainability, polypropylene corrugated packaging is coming into the limelight, with more usability, since it is recyclable unlike most other conventional materials for packaging, resulting in less environmental impact.
Since it is lightweight by nature, this reduces shipping costs; hence, its demand is among companies for higher logistics optimization with an aim to cut down overall costs. Properties of polypropylene corrugated packaging against moisture, chemicals, and other forms of physical damages ensure that goods are safely transported, particularly in sensitive industries like pharmaceuticals and electronics.
Global Polypropylene Corrugated Packaging Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 9.5 billion |
| Estimated Size, 2021 | USD 10.0 billion |
| Projected Size, 2031 | USD 17.6 billion |
| Value-based CAGR (2021 to 2031) | 5.8% |
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Key global manufacturers of the packaging industry have responded to global packaging challenges with advanced packaging solutions catering for the exact industry requirements. The innovation of polypropylene coated corrugated packaging solutions is one of the path-breaking solutions to tackle the challenges faced by the global packaging market.
Different types of boxes, trays, bins, retail shelves, point of purchase displays, signage, totes and dividers, along with a variety of customized packaging products are manufactured using polypropylene corrugated material which serves as best suited alternative for most of the materials, due to their limitations.
Demand for moisture-proof and durable packaging solutions gaining traction among major end-user industries including food & beverages, pharmaceutical, cosmetics & personal care and household industries, resulting in increasing worldwide acceptance of polypropylene corrugated packaging solutions.
The weight handling capacity of polypropylene corrugated boxes is way more than boxes and other packaging solutions compared to alternative materials such as boxes made up of only corrugated boards and only plastics. Moreover, the polypropylene corrugated packaging has high resistance against the water, which saves the commodity packed inside from atmospheric repercussions.
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Unlike other plastics, the polypropylene corrugated packaging solutions also may lose their form and shape if exposed to intense heat, and this may act as a limitation as these packaging solutions are still in the growth stage in various regions across the globe.
The production process of polypropylene corrugated packaging solutions is very complex as compared to other simple packaging solutions made up of paperboard or only plastics and wood, having too many market alternatives and a low market penetration rate will affect the growth of the global polypropylene corrugated packaging market.
Modern-day manufacturers are trying to differentiate their products and offerings from the competitors by marketing their produced packaging solutions like sustainable, which offers re-usability to the end-users and has no harmful effects on the environment, which helps polypropylene corrugated packaging to gain traction across continents.
The boxes and packaging solutions manufactured using polypropylene corrugated material are non-toxic and clinically tested to be safe for packaging food & beverages in it, as they do not cause any harmful emissions to the consumables packed in it. Packaging solutions having attractive looks and feel are most trending in the market as they stimulate buyers towards buying it promptly.
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The widely used returnable packaging concepts are gaining more market popularity across the whole Europe, Germany and UK being major markets are having a large number of industrial as well as individual consumers of such type of packaging solutions made up of polypropylene corrugated material, which makes it accepted among the environmentally concerned consumer bases in these countries.
Stringent laws banning single-use plastics and high taxation on other pollutant materials indicates towards growth and expansion of the global polypropylene corrugated packaging market in developed countries such as Germany and the UK.
The presence of key manufacturers and newer market entrants producing innovative and customized packaging solutions made up of polypropylene corrugated material are contributing towards overall growth over the upcoming decade.
Tremendous growth witnessed by various end-user industries such as pharmaceutical, cosmetics and household industries, has resulted in increased demand for leak-proof packaging solutions offering high strength compared to traditional packaging solutions. Fast-paced infrastructural development in the country and producers adapting the polypropylene corrugated material for the production of packaging solutions makes China the fastest-growing offering country.
Sharp growth recorded in packaged food & beverages industry in India and a hike in demand for higher quality packaging solutions, makes it a major market for packaging solutions made up of polypropylene corrugated material. The entry of key global manufacturers in the country to expand their market presence has been engaged in large scale production of polypropylene corrugated packaging solutions and indicating towards exponential growth in future for the same.
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Polypropylene Corrugated Packaging Market
