Plastic Corrugated Sheet Market

Market Overview

The Global Plastic Corrugated Sheet Market Size is projected to grow at CAGR of approximately 5.9% during the forecast period.

Corrugated plastic sheet was created by molding a plastic material with a ridge and valley pattern. This gives the sheet its distinctively wavy appearance. Corrugated plastic sheets are often used in place of more traditional construction materials like metal or wood. They may be used for a variety of things, including roofing, flooring, insulation, and packaging.

Market Dynamics

Maket Drivers

Due to the increasing need for corrugated plastic sheets in the packaging sector, the category is expected to see significant growth. Corrugated plastic sheets are often used in food, beverage, and other packaging applications because of their characteristics such as toughness, flexibility, strength, and insulation from low temperatures.

Market Restraints

Lack of distributors, a smaller workforce, and supply chain restrictions all led to the shortage of raw supplies. This directly affected the growth of the market globally.

Market Opportunities

Over the next several years, it is anticipated that growing consumer awareness of environmentally friendly goods will open up new potential for market participants.

Market Scope

Segmental Analysis

Segmentation By Type

• Polyethylene (PE)

A specific kind of corrugated plastic sheet constructed from polyethylene is known as a polyethylene type corrugated plastic sheet. Due to its excellent barrier properties against gases and light, high strength, flexibility at low temperatures, transparency under most lighting conditions, including sunlight, and excellent barrier against solvents, acids, and bases, PE is highly demanded in packaging applications.

• Polypropylene (PP)

Polypropylene type corrugated plastic sheet refers to a corrugated plastic sheet made of polypropylene. It is used in a number of industries, including as agriculture, the automobile industry, construction, building, packaging, and storage. PP sheets are often used for packaging applications because to its superior stiffness, impact resistance, chemical and water resistance, low weight, and cost-effectiveness.

Segmentation By Application

• Graphic Arts and Signage

The category of fine art known as "graphic art" includes a wide variety of two-dimensional visual expressions that are produced on flat surfaces. Line engraving, aquatint, drypoint, etching, mezzotint, monotype, lithography, and screen printing (silk-screen, serigraphy) are only a few examples of the many engraving and printmaking techniques that may be applied. The expression is often used to describe visual arts forms that stress line, color, or tone, particularly drawing and various engraving methods.

• Packaging and Storage

Due to the increasing need for corrugated plastic sheets in the packaging sector, the category is expected to see significant growth. Corrugated plastic sheets are often used in food, beverage, and other packaging applications because of their characteristics such as toughness, flexibility, strength, and insulation from low temperatures. Due to their excellent resistance to water and moisture, corrugated plastics are more helpful as waterproof packaging or wrapping for products like medicines and electrical components, among others.

• Agriculture

It is a wise attempt to modify a portion of the Earth's crust via the growth of plants and other crops as well as the breeding of animals for nourishment or other requirements for human beings and economic benefit. This activity is often referred to as agriculture or farming.

In addition to having a significant economic impact, agriculture is regarded as the foundation of the economy in emerging nations. Agriculture has long been associated with the production of essential food crops. Farming in the present day includes dairy, fruit, forestry, poultry, beekeeping, and other random things.

Regional Analysis

The Global Plastic Corrugated Sheet Market is segmented by region as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.

Over the next years, it is projected that demand for plastic corrugated sheets would rise significantly in the Asia Pacific region. It is projected that countries like China and India would dominate the industry during the next years. Rising construction spending in developing countries in the Asia Pacific region is predicted to benefit market growth in the coming years. The growing use of corrugated plastic sheets in the building of greenhouses, shutters, roofs, and other structures is also anticipated to increase demand. 

Key Players

1. DS Smith (United Kingdom)
2. Classic Enterprises Pvt Ltd (India),
3. winplast Ltd. (United Kingdom)
4. Coroplast (United States)
5. Distriplast (France)
6. Roplast(United States)
7. Corex Plastics Pty Ltd. (Australia)
8. FlutePlast (China)
9. Shish Industries Ltd. (India)
10. Corlite Packaging Industries Sdn. Bhd. (Malaysia)
11. Yamakoh, Co., Ltd. (Japan)

Recent Developments

2021- To meet the growing demand for cheese in Japan, Arla food invested $8.2 million in factory expansion.

Wallaby, Danone's Australian-style yogurt, was introduced in March 2019. It is a no sugar added yogurt acquainted with serve the wellbeing cognizant purchasers. It came out in three flavours in the United States.

Arla Foods and Walki formed a partnership in August 2019 to provide a recyclable and sustainable packaging option to aid in the mission of lowering carbon footprint.

Coca-Cola, a beverage conglomerate, and Fonterra, a major dairy company, have formed a strategic alliance to introduce the new Nutriboost UHT milk line in Vietnam. The line includes three main flavours: Nutriboost Kids, Nutriboost To-Go, and Nutriboost Beauty (2019).