Plastic Corrugated Sheets Market Demand, Data Updates, Reports Analysis & Forecast | FMI
The Global Plastic Corrugated Sheets Market is on a trajectory of robust growth, with a projected 6.2% CAGR driving sales to reach US$1.42 billion by 2023 and an estimated worth of US$2.60 billion by 2033, as per Future Market Insights (FMI). These sheets, often crafted from high-density polyethylene (HDPE) or polypropylene (PP), find versatile applications in packaging, displays, signs, and construction due to their lightweight, durability, and weather resistance. With the rise of eco-conscious consumers, the market is buoyed by the demand for sustainable packaging solutions. Their recyclability, reusability, and cost-effectiveness further solidify plastic corrugated sheets as a popular alternative across industries.
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The increased usage of plastic corrugated sheets in numerous applications, including packaging, displays, signage, and partitions, has caused the market for these sheets to expand dramatically in recent years. The lightweight, strong, and weather-resistant sheets are commonly constructed of high-density polyethylene (HDPE) or polypropylene (PP).
The need for environmentally friendly packaging options is rising as customers become more concerned about the environment. The market for plastic corrugated sheets has increased as a result of the growing need for environmentally friendly and sustainable packaging solutions.
Key Takeaways from Plastic Corrugated Sheets Market
- Based on material type, polypropylene (PP) plastic corrugated sheets are projected to hold 48.7% of the total market share.
- In terms of end-use, applications of plastic corrugated sheets in the packaging industry are anticipated to account for 34.1% of the total market share through 2031.
- 3mm to 8mm thickness segment to remain highly sought after, capturing 48.4% of the total plastic corrugated sheets market share.
- The U.S. will continue witnessing high demand for plastic corrugated sheets, accounting for 85.1% of the North American market share.
- Germany is projected to dominate the European plastic corrugated sheets market, holding 17.5% of the market share.
- Sales of plastic corrugated sheets in India are anticipated to grow at a robust 8.9% CAGR through 2031.
- China will emerge as an attractive market, commanding 80.9% of the East Asian plastic corrugated sheets market share.
- The Australian plastic corrugated sheets market is projected to grow at a 3.5% CAGR through 2031, owing to increasing demand for high-quality printing solutions.
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Market by Category
By Material Type:
- Polyethylene (PE)
- Polypropylene (PP)
- Others (Polycarbonate (PC), Polyethylene Terephthalate (PET), etc.)
By Thickness:
- Less than 3 mm
- 3 to 8 mm
- Above 8 mm
By End Use:
- Packaging
- Healthcare
- Food
- Automotive
- Electronics
- Others
- Logistics & Transportation
- Building & Construction
- Agriculture & Allied Products
- Others (Advertisement, Graphics)
By Region:
- North America
- Latin America
- Europe
- The Middle East and Africa
- East Asia
- South Asia
- Oceania