“The North American Corrugated PP Sheets Market size was US$ 223.2 Million in 2023 and is likely to grow at a healthy CAGR of 3.0 % in the long run to reach US$ 277.4 Million in 2030.”
Market Dynamics
Introduction
The corrugated PP sheet is the twin-extrude configuration of a corrugated cross-section joined by vertical ribs. PP, a versatile type of plastic characterized by its lightweight and moderate strength, can be found in primary industries such as construction, packaging, automotive, healthcare, food service, electronics, and aerospace. Corrugated PP sheets boast a wide range of applications such as packaging, signage, and construction among others. The reason behind this wide range is their versatility and numerous utilities.
Drivers
The growing demand for environment-friendly goods and the implementation of sustainability policies in North America are compelling industries to provide sustainable solutions. Corrugated PP sheets can be recycled and along with this PP is more economical than the vast majority of packaging materials this is driving the growth of the market.
Recent Market JVs and Acquisitions
In 2021, Laminacorr Group bought Technology Container (TCC). TCC is well-known for proprietary processes used in manufacturing reusable polylocking rigid plastic boxes. This acquisition marks Laminacorr's strategic expansion in corrugated sheet conversion and its continued dedication to environmental sustainability goals.
Recent Product Development
In 2020, Laminacorr Industries unveiled a new product line during Modest 2020: Flutecorr Packaging. This high-quality cut-to-length corrugated sheet, made of PP and extruded from the material, finds application in industrial packaging and storage. The variety of its offerings makes it possible to manufacture dividers, dunnage, boxes, totes, pads, and the cold-chain packaging industry.
Market Segments' Analysis
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Segmentations
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List of Sub-Segments
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Segments with High Growth Opportunity
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Application-Type Analysis
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Outdoor Signs & Displays, Packaging & Protections, Building Solutions, and Others.
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Packaging & protection is anticipated to be the biggest application type in the years to come.
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Thickness-Type Analysis
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<=5 MM, 6-8 MM, and >8 MM
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<=5 MM is estimated to contribute the largest share of the thickness type.
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Country Analysis
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The USA, Canada, and Mexico.
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The USA is expected to maintain its reign over the forecast period, whereas Mexico is likely to grow at the fastest rate.
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By Application Type
“Packaging & Protection application is expected to remain dominant as well as the fastest-growing application in the market during the forecast period”.
- The North American corrugated PP Sheets market is segmented into Outdoor Signs & Displays, Packaging & Protections, Building Solutions, and Others.
- Packaging & Protection is expected to remain dominant as well as the fastest-growing application in the market during the forecast period. Corrugated PP is a preferred material for packaging applications owing to its impressive impact resistance. Its strength enhances the durability of containers and packaging systems, providing robust protection against impacts and ensuring the integrity of the packaged items.
- Key players are adopting recirculating packaging to reduce waste, promote recycling, and minimize environmental impact.
By Thickness Type
“<=5 MM is expected to remain the dominant and fastest-growing thickness type in the market during the forecast period”.
- The market is segmented into <=5 MM, 6-8 MM, and >8 MM
- <=5 MM is expected to remain the dominant and fastest-growing thickness type in the market during the forecast period. Key advantages of this thickness type include lightweight, flexibility, ease of cutting and fabricating, and cost-effectiveness.
- Key applications of this thickness type include packaging of delicate items, electronics, food trays, signage, promotional displays, and printing substrates.
Regional Analysis
“The USA is expected to remain the largest market for North American corrugated PP Sheets during the forecast period”.
- In terms of countries, the USA is expected to remain the largest market for North American corrugated PP Sheets during the forecast period.
- The USA possesses a substantial manufacturing base for plastics and related materials, encompassing facilities for both, polypropylene production and the manufacturing of corrugated PP sheets. As such, it hosts manufacturing facilities for all major players in the market.
- In addition to this, the USA's strong economic growth fuels demand across various industries, including packaging, construction, and automotive, all of which are major consumers of corrugated PP sheets.
- Mexico is poised to emerge as the fastest-growing market due to its expanding presence across various end-use markets. The diverse applications of corrugated PP sheets across a wide range of industries contribute significantly to its growth trajectory.
Key Players
The market is highly concentrated with the presence of a handful number of players across the region The majority of companies provide corrugated PP sheets for packaging & protection applications, catering to various end-use industries. The following are the key players in the North American corrugated PP Sheets market. Many of the players in the market are vertically integrated, engaging in the conversion of corrugated PP sheets into boxes and various other forms.
Here is the list of the Top Players (Based on Dominance)
- Inteplast Group including Coroplast and Matra Plast
- Primex Plastics Corporation
- Laminacorr Industries
- CoolSeal USA
- US Plast Inc
- Centralplas LLC
- Minnesota Diversified Industries (MDI)
Note: The above list does not necessarily include all the top players in the market.
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Report Features
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, Service portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
The North American corrugated PP Sheets market is segmented into the following categories.
North American Corrugated PP Sheets Market, by Application Type
- Outdoor Signs & Displays
- Application-Level Analysis [Headers & Merchandisers, Displays, and Others]
- Country Analysis [USA, Canada, and Mexico]
- Packaging & Protection
- Use-Type Analysis [Recirculating Packaging and Others]
- Application-Level Analysis [Packaging, Layer Pads, and Others]
- Country Analysis [USA, Canada, and Mexico]
- Building Solutions
- Application-Level Analysis [Protection & Fencing and Others]
- Country Analysis [USA, Canada, and Mexico]
- Others
North American Corrugated PP Sheets Market, by Thickness Type
- <=5 MM (Country Analysis: The USA, Canada, and Mexico)
- 6-8 MM (Country Analysis: The USA, Canada, and Mexico)
- >8 MM (Country Analysis: The USA, Canada, and Mexico)
North American Corrugated PP Sheets Market, by Country
- Country Analysis: The USA, Canada, and Mexico
Research Methodology
- This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s North American corrugated PP Sheets market realities and future market possibilities for the forecast period.
- The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market.
- The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.
- This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
- More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data.
- We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances
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