Global Corrugated Plastic Board Market Forecast, Trend Analysis And Competition Tracking - Market Insights 2015 to 2031

Demand for Corrugated Plastic Board from 2015 to 2020 Vs. Future Market Projections for 2021-2031

Corrugated plastic board sales from 2015 to 2020 were significantly high, expanding at under 5% CAGR.

A corrugated plastic board is a laminate of exterior sheets of plastic film and an interior corrugated sheet of plastic film, which is similar in structure to a corrugated paper board or cardboard. These boards or sheets are solid due to the combination of two layers held by a ribbon center in between, making this structure known as extruded twin-wall plastic. Lamination, co-extrusion, coating and covering technologies results in a higher light and stable structure. These boards are usually produced from high-impact polypropylene resin or polypropylene-polyethylene copolymers. These polymers are highly resistant to impact, chemicals, UV, fire, and weather. Thus, polypropylene and polyethylene are versatile thermoplastics that provide their inherent properties to these boards. These boards are available in a wide range of standard, opaque and translucent colors.

The COVID-19 pandemic has slowed down critical trade activities across several countries. The primary factor behind this slowdown is the countermeasures adopted by respective countries to curb the trajectories of this virus. As major economies enforce precautionary lockdowns, a considerable gap between market supply and demand is being created, resulting in increased difficulties for both manufacturers and distributors to manage their respective operations effectively. This is a primary factor that is anticipated to influence prospects for revenue growth. However, as these lockdowns are gradually lifted and economies begin to recover, this market is expected to reflect the same.

Global Corrugated Plastic Board Market Revenue Outlook:

The global corrugated plastic board market was valued at US$ 3.25 Bn in 2020 and is projected to register а САGR of 4.9% by 2031.

The main advantage of these boards is that they are lightweight but adamant. These boards display water, weather, temperature, break and impact, puncture, UV, heat and fire, and chemical resistance. They are accessible to process, cut, bend, stitch, staple, print, and handle. These boards can withstand air pressures that are 200 times stronger than glass, making them a perfect replacement for glass, wood and metal in several industries. These are 5 times lighter than plywood. They do not require repainting, nor do these materials spoil or rot. These boards are highly reusable and wholly recyclable and fit commercial establishments, industrial applications, residential areas and warehouses.

Driving Factors and Lucrative Opportunities of Corrugated Plastic Board

Corrugated plastic boards are highly ideal as secondary packaging materials in several industries. These materials are useful for packaging pharmaceuticals, medical devices, electronics & appliances, food & beverages, cosmetics and personal care products, fragile goods, etc. Packaging companies recommend and use corrugated plastic boards instead of corrugated paper boards, owing to their high resistance to water, high crushing strength, stiffness, and hardness and for cushioning, insulation, and wrapping purposes. This is a vital factor driving the growth of the global corrugated plastic board market.

Moreover, construction is another primary sector with rising corrugated plastic boards for roofing materials. These boards can withstand erratic temperatures, static load and fire and provide strong protection against storms and heavy winds without any requirement for repainting. These boards are also used as dust covers for new building construction since they can contain dust and fumes arising from debris. Hence, these are an excellent choice for roofing of industrial, commercial, residential buildings and are also extensively used in greenhouse applications and small structures. This is another major factor encouraging the growth of the target market.

These factors are expected to bolster the projected profit margin for this given market in the forecast period.

Adverse Effects of the Corrugated Plastic Board Market

The relatively high price of corrugated plastic boards and products due to fluctuations in raw materials prices and availability of low-cost alternative products such as other plastic materials or paper are likely to hamper the growth of the target market to a certain extent.

Developed as well as developing economies are likely to face a severe negative impact on various sectors including chemicals and materials. China being at the epicenter of this pandemic is likely to cause a domino effect on several productions, supply and trade activities, thereby causing a bottleneck of inward and outward consignments, and affecting the overall market growth adversely expected to last until end of 2020 to early 2021. Also, the ongoing Coronavirus crisis is expected to cause unprecedented economic damage across various regions.

Significant Trends in Corrugated Plastic Board

Several inherent properties of corrugated plastic boards such as lightweight yet stable, tough, resistant to chemicals, temperature, corrosion and rot, impact/ break, puncture and tear, ultra-violet protection, anti-static, flame retardant, waterproof, dust-proof, good insulation, etc. make them a versatile material for several industrial, commercial and household applications, which is a key aspect increasing demand of these products over the forecast period.

Additionally, These boards also possess a unique quality of being quickly processed, printable, stitch-able, and stapled. Owing to these properties, these boards find several applications as signboards, point-of-purchase displays, retail signage, etc. Increasing adoption of such boards in retail, hospitality, entertainment, construction, stadiums and playground, corporate, banking, healthcare, education, and other verticals for advertising purposes is another key factor boosting demand for corrugated plastic boards in various regions.

Competitive Landscape

The corrugated plastic board market landscape appears highly consolidated, with a significant chunk being dominated by US players.

• DS Smith plc
• Beaulieu International Group
• ICC Industries Inc.
• Jain Irrigation Systems Ltd.
• Inteplast Group Corporation
• SIMONA AG
• Karton S.p.A
• Tah Hsin Industrial Corp.
• Corex Plastics Pty. Ltd.
• Plastflute Manufacturing Sdn. Bhd.
• Twinplast
• Zibo Hongwei Plastics Co. Ltd.
• Creabuild Trading LLC
• Sangeeta Group
• Other Players

Report Scope

• Forecast Period: 2022-2031
• Actual Year: 2021
• Historical Data Available for: 2015-2020

Key Regions Covered

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Key Segments Covered

Corrugated Plastic Board Market, By Product Type

• Polypropylene
• Polyethylene

Corrugated Plastic Board Market, By Application

• Graphic Arts and Signage
• Packaging and Storage
• Agriculture
• Automotive
• Building and Construction
• Other Applications