Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 34.67 Billion | USD 62.95 Billion | 6.1% | 2023 |
According to the report published by Zion Market Research, the global Plastic Corrugated Packaging Market size was valued at USD 34.67 Billion in 2023 and is predicted to reach USD 62.95 Billion by the end of 2032. The market is expected to grow with a CAGR of 6.1% during the forecast period. The report analyzes the global Plastic Corrugated Packaging Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Plastic Corrugated Packaging Market.
Plastic corrugated packaging is a form of packaging that protects, preserves, and transport different ranges of products efficiently. There are several benefits associated with plastic corrugated packaging including lightweight, biodegradability, and sustainability. The plastic corrugated packaging boxes are integrated with a radio frequency identification system to help people to track the package effectively.
The packaging sector is heading towards the environment-friendly and sustainable way of packaging due to the transforming regulatory landscape along with shifting consumer preferences pertaining to the side effects of unsustainable packaging waste. Thereby, it is likely to be one of the primary reasons for the growth of the global plastic corrugated packaging market vigorously during the forecast period. Manufacturers are moving towards novel packaging solutions to align with modern-day sustainability objectives.
Plastic corrugated packaging is gaining immense traction among consumers due to the rapidly proliferating e-commerce sector. The growing adoption of e-commerce is known to revolutionize the global plastic corrugated packaging market. There is a significant surge in demand for plastic corrugated packaging owing to the onset of e-commerce along with digital printing technology. Plastic corrugated boxes explicitly boost the demands from various end user sectors like food & beverages, pharmaceutical, tobacco, and durable goods.
The key leaders involved in the market are concentrating on discovering novel and innovative packaging solutions to address the underlying challenges of managing packaging waste. However, such initiatives are likely to open several lucrative growth opportunities in the global plastic corrugated packaging market in the forthcoming years. The emergence of non-contaminated special foods & beverages will further boost the adoption of plastic corrugated packaging all across the globe. The surging consumption of ready-to-go meal products along with transforming lifestyle and consumer eating habits are further supporting the growth of the market. In addition, the growing population of working women all across the globe is also propelling the demand for packaged and processed food products, which in turn will significantly escalate the demand for plastic corrugated packaging.
The global plastic corrugated packaging market can be segmented into end-user, uses type, packaging, material, and region.
By end-user, the market can be segmented into recovery & recycling, electricals & consumer electronics, agriculture, medical, automotive, advertising, retail, and others. The retail segment accounts for the largest share in the global plastic corrugated packaging market.
By user type, the market can be segmented into single-use and reusable plastic corrugated packaging products.
By packaging, the market can be segmented into custom solutions, recycling bins & totes, material handling solutions, dividers, retail signage, point of purchase, displays, retail shelves, trays, and boxes.
By material, the market can be segmented into polyvinyl chloride, polystyrene, polyethylene, and polypropylene plastic corrugated packaging material.
Report Attributes | Report Details |
---|---|
Report Name | Plastic Corrugated Packaging Market |
Market Size in 2023 | USD 34.67 Billion |
Market Forecast in 2032 | USD 62.95 Billion |
Growth Rate | CAGR of 6.1% |
Number of Pages | 202 |
Key Companies Covered | Siddhi Plast by suninfy, Classic Enterprises Pvt Ltd, Mills Industries, Shish Industries Limited, Androp Packaging, Inc., Packman Packaging Private Limited, ORBIS Corporation, Dongguan Jianxin Plastic Products Co., Ltd., Twinplast, Amatech Inc., Samuel Grant Packaging, Yamakoh, Co., Ltd., American Containers Inc., Minnesota Diversified Industries, Inc, Technology Container Corp, Söhner Kunststofftechnik GmbH, FlEXcon Company, Inc., Dynapac Co. Ltd, Coroplast, and DS Smith Plc |
Segments Covered | By end-user, By uses type, By packaging, By material and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America accounts for the largest share in the global plastic corrugated packaging market due to the high demand for processed and packaged meal products in the region. Moreover, the surging trend of ready-to-go breakfast along with online food delivery services is likely to propel the growth of the regional market in the forthcoming years.
Asia Pacific is expected to grow significantly with a high CAGR during the forecast period due to the growing disposable income of people in the region. Furthermore, the growing number of the working population in the region will further boost the growth of the regional market.
Some of the significant players in the global plastic corrugated packaging market are:
By end-user
By uses type
By packaging
By material
FrequentlyAsked Questions
The packaging sector is heading towards the environment-friendly and sustainable way of packaging due to the transforming regulatory landscape along with shifting consumer preferences pertaining to the side effects of unsustainable packaging waste. Thereby, it is likely to be one of the primary reasons for the growth of the global plastic corrugated packaging market vigorously during the forecast period.
Some of the significant players in the global plastic corrugated packaging market are Siddhi Plast by suninfy, Classic Enterprises Pvt Ltd, Mills Industries, Shish Industries Limited, Androp Packaging, Inc., Packman Packaging Private Limited, ORBIS Corporation, Dongguan Jianxin Plastic Products Co., Ltd.
North America accounts for the largest share in the global plastic corrugated packaging market due to the high demand for processed and packaged meal products in the region. Moreover, the surging trend of ready-to-go breakfast along with online food delivery services is likely to propel the growth of the regional market in the forthcoming years.
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