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Our research team has completed a market research study named Plastic Corrugated Sheets Market Size, Share, Growth, Industry Trends, and Projected, which exhibits a thorough and collaborative analysis of the industry for the past, present, and forecast periods. The Plastic Corrugated Sheets Market study analyses the market’s historical growth and current situation, with the goal of providing actionable insights into worldwide market growth projections. The research Plastic Corrugated Sheets covers all aspects of the industry, including competitive market conditions, regional presence, and growth potential. The following section delves into the market competition landscape in terms of revenue and growth rate. It also covers market types, applications, and price analysis for Plastic Corrugated Sheets.
According to a new market survey conducted by ESOMAR-certified consulting firm Future Market Insights (FMI), the worldwide plastic corrugated sheets market will reach US$ 1.3 billion in 2021, with a 6.4 percent compound annual growth rate (CAGR) through 2031.
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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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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.
DS Smith Plc, Karton S.p.A., Coroplast, FlutePlast, Twinplast Ltd., and among others are the leading players in the global plastic corrugated sheets market. The Tier 1 players in the market hold 15-20% in the global plastic corrugated sheets market.
As consumers are preferring environmentally friendly, sustainable, and affordable packaging solution, players operating in the global plastic corrugated sheets market are actively focusing on research and development to launch innovative products, catering to the growing demand. Besides this, strategic collaborations, mergers, and acquisitions will remain prominent growth strategies adopted by key players over the assessment period. For instance:
Coroplast® offers CORO-GARD plastic corrugated sheets made for electronic transportation-sensitive devices and packaging to prevent (ESD) electrostatic damage. It is produced to meet the guidelines given by the (EIA) Electronics Industries Association.
Coroplast® introduced brushed fabric polyester laminated sheets, which provide additional abrasion protection for “A” class packaging applications. Polyester laminated Coroplast sheets offer a cost-effective solution to ensure a proper combination of process, materials, and adhesion.
Karton S.p.A. introduced Eplak® polypropylene sheet, which has a sandy matt finish ideal for cosmetics and luxury products packaging. Its glossy, shiny mirror finish is perfect for advertising materials. Cartonplast® is a versatile product that is easily converted into box packaging and uses the most modern extrusion technique.
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Plastic Corrugated Sheets Market by CategoryBy Material Type:
Protective Packaging Market–The protective packaging Market demand remains positive with the market forecast to rise at a CAGR of 4.8% from 2021 – 2031
Garbage Bag Market–High-performance characteristics and excellent tensile strength are anticipated to increase the market share of HDPE garbage bags. This segment accounted for a revenue share of close to 30% in the garbage bag market in Europe in 2016 and is likely to gain more than 100 basis points by 2026.
Micro Perforated Films Packaging Market–Changing lifestyle and urbanization have contributed to an increase in demand for food packaging which has led to the expansion of global micro perforated films packaging market. High growth is expected to continue as favorable reimbursement policies by governments create a conducive environment for micro perforated films uptake.
North America PET Blow Moulder Market–The U.S. accounted for a revenue share of a little more than 70% in the North America PET blow moulder market in 2016 and is expected to gain 110 basis points by 2026. The U.S. is likely to witness a rapid Y-o-Y growth rate of close to 4% over the period of assessment.
Dual Ovenable Lidding Films Market–The dual ovenable lidding films market registered strong growth with worldwide revenues up 5.0% in 2021. A new forecast by Future Market Insights (FMI) estimates that revenue will nearly double between 2021 and 2031, reaching nearly US$ 134.8 Mn in 2031 at a ten-year compound annual growth rate (CAGR) of 5.6%.
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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The post Plastic Corrugated Sheets Market Growing with a 6.4% CAGR through 2031 appeared first on Future Market Insights.
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