Newly released data from polyethylene corrugated packaging market analysis shows that global demand of the overall polyethylene corrugated packaging market is forecasted to expand at a value compound annual growth rate (CAGR) of nearly 5% from 2021-2031 and reach millions of units by 2031.
In terms of growth, the polyethylene corrugated packaging market is projected to witness a prominent sales growth rate by 2031, owing to the increasing demand for e-commerce, food & beverages and pharmaceuticals.
Polyethylene Corrugated Packaging Market: Market Outlook
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.
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What Are the Key Market Drivers Impacting the Growth of Polyethylene Corrugated Packaging Market?
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.
What is the Key Trend Increasing Sales of 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.
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Competitive Landscape
Key players such as
Androp Packaging Inc.
CoolSeal USA
American Containers Inc
Amatech Inc.
Minnesota Diversified Industries Inc and others
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.
What Strategies are the Key Players Adopting for Increasing their Market Share in Polyethylene Corrugated Packaging Market?
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.
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Why is the U.S. a Big Market for the Polyethylene Corrugated Packaging Market?
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 U.S. The U.S. 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 U.S.
How has the COVID-19 Pandemic Impacted the Polyethylene Corrugated Packaging Market?
The packaging industry has a massive global market and a stable global economy. With the boom in e-commerce and packaged food demand, the packaging industry has shown remarkable growth. The Covid-19 pandemic has interrupted the demand-supply chain, production halted, customers became home-isolated, travel restrictions and lockdown.
All these factors resulted in a slowdown in packaging and logistics. The polyethylene packaging market has also witnessed a downfall due to a decline in demand.
Despite that, essential commodities like, food, beverages, fruits, vegetables, and processed packaged foods got a significant market during the pandemic. Furthermore, the use of polyethylene corrugated packaging for medical, healthcare and pharmaceutical products packaging observed a massive demand due to its safe and secure packaging. Therefore, the rising demand for food and medicine during a pandemic could boost the polyethylene corrugated packaging market.
Key Segments of Polyethylene Corrugated Packaging Market Covered in the Report
