Plastic Corrugated Sheets Market Snapshot
As per a recent market analysis by Future Market Insights (FMI), sales of plastic corrugated sheet are forecast to surge at a 6.4% CAGR, reaching US$ 1.3 Bn in 2021.
Despite stagnant sales amid COVID-19, global consumption of plastic corrugated sheets is expected to reach 852.3 ‘000 Tones, by the end of 2021. The market has been projected to expand at a 6.0% CAGR over the assessment period, in terms of volume.
In 2021, the China plastic corrugated sheets market is predicted to increase by 7.6 % year-over-year, bucking initial skepticism about how the market would perform during the global pandemic. Across the whole of East Asia, total sales of plastic corrugated sheet totaled US$ 366.5 Mn in 2020.
Key Points Covered in Plastic Corrugated Sheet Market Survey
- Market Estimates and Forecast 2014-2031
- Key Drivers and Restraints Impacting Market Growth
- Segment-wise, Country-wise, and Region-wise Analysis
- Competition Mapping and Benchmarking
- Market Share Analysis
- Key Product Innovations and Regulatory Climate
- COVID-19 Impact on Plastic Corrugated Sheets Market and How to Navigate
- Recommendation on Key Winning Strategies
2014-2020 Plastic Corrugated Sheets Market Outlook Compared to 2021-2031 Forecast
Driven by the expansion of the food and construction industries across the globe, the plastic corrugated sheet market is anticipated to rise at 6.4% CAGR from 2021 to 2031. Plastic corrugated sheets are made from high-impact polypropylene copolymer or low-density polyethylene.
These sheet are specially derived from extruded plastic, also known as twin-wall or multi-wall sheet produced in a continuous extrusion process. They are waterproof, heat-insulated, and long-lasting, while being chemical, moisture, 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.
Plastic corrugated sheets are extensively used in the advertising industry for exhibition and signboards, indoor-outdoor signage, digital and screen-printing displays. These sheets provide robust protection against environmental influences are easily installable, ideal for temporary walls, fencing, and partitions.
Plastic corrugated sheet is among the most 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 protection and handling of plants during transport.
In addition, the emergence of e-commerce and digital platforms are 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 is projected to spur sales of plastic corrugated sheets in the forthcoming years.
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Increasing Demand from Architecture and Construction Industries to Drive Plastic Corrugated Sheet Sales
Plastic corrugated roofing sheet has a remarkable structure, long-lasting durability and is easy to install without any complications. They can withstand air pressure almost 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, floor, 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.
How Will Expansion of E-Commerce Influence Sales of Plastic Corrugated Sheets?
Demand for plastic corrugated sheet packaging is gaining momentum due to expansion of the ecommerce sector, promotional campaigns launched by producers in 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 safe transportation of products.
Plastic corrugated sheets are ideal packaging solutions as they provide 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, 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.
What Is the Impact of COVID-19 on the Plastic Corrugated Sheets Market?
The unprecedented COVID-19 outbreak has resulted in stagnated sales, disrupted supply chains, and suspended production across the globe. However, the demand for essential commodities, which included food, beverages, consumer goods, and pharmaceutical products continued increasing at a steady pace during the pandemic.
Plastic corrugated sheets provide high barrier protection to food and medicinal products from external environmental influences and retain the freshness and shelf life of the products. Therefore, growing concerns about consuming contamination-free, healthy and safe food packaging are expected to propel the demand for plastic corrugated sheets during the pandemic.
Various companies have introduced new strategies to overcome the COVID-19 impact.
For instance, Curbell Plastics has introduced AMGARD™ Antimicrobial Polycarbonate Sheet with silver ion antimicrobial coating properties to protect the surface against microorganism growth. They are scratch-resistant and provide a protective barrier, safety enclosures, office partitions, sneeze guards, table dividers, and seat dividers, desk guards in offices, schools, hospitals, manufacturing plants, and hand sanitation stations.
Why is the U.S. Considered an Attractive Plastic Corrugated Sheet Market?
The U.S. is estimated to account for 85.1% of the total market share in the North America plastic corrugated sheets market in 2031. Increasing vehicle production across the U.S. will 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 U.S. also will exhibit high demand for polypropylene corrugated sheet, on account of increasing application in the electronics industry. Polypropylene corrugated sheet protects electronic devices from electrostatic damage during transport.
Therefore, rising demand for automobile, auto components, and various electronic goods will enhance the sales prospects of plastic corrugated sheets market in the U.S.
Will Germany Continue Exhibiting High Demand for Plastic Corrugated Sheets?
The Germany plastic corrugated sheets market is estimated to account for 17.5% of the total Europe market in 2031. Rising awareness regarding health and hygiene is fuelling the demand for advanced packaging solutions for food and consumer good items.
Besides this, increasing takeaway and online food and beverage orders are creating ample scope for plastic corrugated sheets packaging sales in Germany. The presence of leading and emerging market players also is 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. The European Polycarbonate Sheet Extruders (EPSE) represents polycarbonate sheet producers and suppliers across Europe. The association represents 10 companies, producing over 120 000 tons of polycarbonate sheets every year.
Presence of such associations, protecting the rights and businesses of polycarbonate sheets manufacturers will create conducive environment for sales across Europe.
How Will Sales of Plastic Corrugated Sheets Fare Across India?
The plastic corrugated sheets market in India is projected to grow at 8.9% CAGR during the forecast period. Rising urbanization and industrialization in India is propelling demand for effective packaging solutions in 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 US$ 1.4 Tn by 2025. It also received the 2nd highest FDI during 2000-2020. Therefore, rapid growth in real estate, urban development, and the construction sector will continue boosting sales of plastic corrugated sheets in India.
How Will the Plastic Corrugated Sheets Market Expand Across China?
In 2031, China is estimated to account for 80.9% of plastic corrugates sheets sales in East Asia. The plastic corrugated sheets market in China will exhibit 7.6% CAGR during the forecast period. According to Foreign Agriculture Service, China has the highest agricultural demand and is the world's largest agricultural importer, totaling $133.1 Bn 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 building, agricultural storage, animal confinement, and cladding.
Coupled with demand in agriculture sector, India will exhibit impressive opportunities for sales in food packaging sector.
Polypropylene (PP) to Remain Preferred Material for Plastic Corrugated Sheet
Based on material, polypropylene (PP) plastic corrugated sheets are projected to hold 48.7% of the total market share by 2031. 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 reaction 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 by 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.
Applications of Plastic Corrugated Sheets in the Packaging Industry to Continue Rising
In terms of end use, the packaging segment is forecast to account for 34.1% of the total plastic corrugated sheets market during the forecast period. 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 a 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 in 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.
3 to 8 mm Thickness Plastic Corrugated Sheets to Remain Highly Sought After
In terms of thickness, the 3 to 8 mm thickness segment is projected to hold around 48.4% of the total plastic corrugated sheets market share by 2031. 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, 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 a good stacking strength. These factors are expected to propel the adoption of 3mm to 8mm thickness range plastic corrugated sheets in over the assessment period.
Companies operating in the plastic corrugated sheets market are focusing on sustainability & innovation and aiming at acquisition and strategic partnerships with other manufacturers to gain a competitive edge in the market. For instance:
- On June 1, 2021, Karton SPA was awarded EcoVadis’ Gold Medal to recognize its sustainable commitment to environmental protection and ethics.
- On December 17, 2020, Corex Plastics introduced a new product line, Stratanet, an innovative, lightweight, multi-directional, corrosion-resistant, and high strength. The Stratanet will be beneficial to the underground coal and hard rock mining sector.
Scope of Report
Historical Data Available for
US$ Million for Value and ‘000 Tonnes for Volume
Key Regions Covered
North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa
Key Countries Covered
US, Canada, Brazil, Mexico, Germany, Italy, France, U.K., Spain, Russia, Turkey, South Africa, GCC Countries, Japan, South Korea, India, China, and Australia
Key Segments Covered
Material Type, Thickness, End Use, and Region
Key Companies Profiled
Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing
Available upon Request
Key Questions Answered in the Report
What is the Current Valuation of Plastic Corrugated Sheets market?
The plastic corrugated sheets market is expected to reach a valuation of US$ 1.3 Bn in 2021.
At what rate did the Plastic Corrugated Sheets market expand in the last six years?
The plastic corrugated sheets market exhibited steady YoY growth of 3.7% in the last six years from 2014 to 2020.
What is the Demand Outlook for Plastic Corrugated Sheets market?
The plastic corrugated sheets market is expected to witness impressive growth opportunities owing to rising demand for convenient packaging solutions among various end users. The market is projected to grow at a 6.4% CAGR between 2021 and 2031.
What are the Key Trends Prevailing in the Plastic Corrugated Sheets market?
Increasing c preference for eco-friendly and recyclable packaging among consumers, along with continuous improvements and technological advancements by leading companies will continue augmenting the plastic corrugated sheets market growth over the forecast period.
What are the key factors Driving Plastic Corrugated Sheets Sales?
Sales of plastic corrugated sheets is estimated to rise due to rising demand for sustainable packaging, expansion of the ecommerce sector, and ongoing developments in the packaging and construction sector.
What is the East Asia Plastic Corrugated Sheets Market Outlook?
East Asia market is estimated to hold 29.2% of the global plastic corrugated sheets market share in 2021.
What is the Cumulative Share of Top Five Companies in Plastic Corrugated Sheets Market?
The top five companies operating in the plastic corrugated sheets market are DS Smith Plc, Karton S.p.A., Coroplast, FlutePlast, Twinplast Ltd. These players are estimated to hold nearly 20% to 25% share in the global plastic corrugated sheets market.
At what rate will Plastic Corrugated Sheets Market Grow in South Asia?
FMI has forecast the South Asia plastic corrugated sheets market to grow at a robust 8.9% CAGR between 2021 and 2031.
Which are the Top 5 Countries Exhibiting High Demand for Plastic Corrugated Sheets Market?
The U.S., China, India, Germany, and Japan are among the leading markets for plastic corrugated sheets.
At what rate will Japan Plastic Corrugated Sheets Market Grow?
As per FMI, the Japan plastic corrugated sheets market is expected to rise at a 6.7% CAGR between 2021 and 2031
Plastic Corrugated Sheets Market by Category
By Material Type:
- Polyethylene (PE)
- Polypropylene (PP)
- Others (Polycarbonate (PC), Polyethylene Terephthalate (PET), etc.)
- Less than 3 mm
- 3 to 8 mm
- Above 8 mm
By End Use:
- Logistics & Transportation
- Building & Construction
- Agriculture & Allied Products
- Others (Advertisement, Graphics)
- North America
- Latin America
- Middle East and Africa
- East Asia
- South Asia