European Corrugated PP Sheets Market Analysis | 2024-2030

European Corrugated PP Sheets Market Analysis | 2024-2030

European Corrugated PP Sheets Market Analysis | 2024-2030
Report code - SR2875 Published On : May,2024 No. of Pages: 150
European Corrugated PP Sheets Market Size, Share, Trend, Forecast Analysis &  See more...

“The European Corrugated PP Sheets Market size was estimated at € 372 Million in 2023 and is likely to grow at a decent CAGR of 3.5% in the long run to reach € 475 Million by 2030.”

Market Dynamics

Introduction

The corrugated PP sheet has a twin-wall profile extrusion, joined by a series of vertical ribs. Its key features include resistance to chemical agents, durability, cost-effectiveness, ease of printability, recyclability, versatility, etc. Corrugated PP sheet is a unique business representing merely 1% of the total PP consumption in Europe.

Market Drivers

The rapid expansion of e-commerce and pharmaceutical industries. The pharmaceutical sector increasingly prefers corrugated PP packaging due to its advantages, such as being hygienic, lightweight, durable, and customizable.

COVID-19 Impact

The region’s market for corrugated PP sheets experienced a decline of 9.3% in 2020. However, in 2021 the market exhibited robust recovery, particularly in the packaging and protection segment. 

Segments Analysis

Segmentations

List of Sub-Segments

Dominant and Fastest-Growing Segments

Application Type

Outdoor Signs & Displays, Packaging & Protection, Building Solutions, and Others

Packaging & Protection is anticipated to remain the dominant as well as the fastest-growing application in the market.

Thickness Type

<=5 MM, 6-8 MM, and >8 MM

<=5 MM is the preferred thickness type in the market over the next five years.

Sub-Region Analysis

Eastern Europe, and Western Europe

Western Europe is expected to maintain its reign during the forecast period, whereas Eastern Europe is likely to grow faster during the same period.

By Application Type

Packaging & Protection is expected to remain dominant as well as the fastest-growing application in the market during the forecast period.

The European corrugated PP sheets market is segmented into outdoor signs & displays, packaging & protection, building solutions, and others. Packaging & Protection is expected to remain the dominant and 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 (indoor), promotional displays, and printing substrates.

Sub-Regional Analysis

Western Europe is likely to maintain its supremacy in the market by 2030, whereas Eastern Europe is anticipated to experience a faster growth rate during the same period.”

In terms of sub-region, Western Europe is likely to maintain its irrefutable dominance in the region in the years to come. Key driving factors include a strong manufacturing base, a large automotive and industrial base, a high focus on sustainability, and developed retail and e-commerce sectors. Key countries in this sub-region are Germany, France, the UK, Italy, Belgium, Turkey, and Spain.

Eastern Europe is anticipated to experience a faster growth rate during the forecast period driven by a growing economy, developing manufacturing sectors, increasing infrastructure investment, and growing awareness of sustainability.

Key Players

The market is moderately concentrated with the presence of a sizeable number of players across the region. The majority of companies provide corrugated PP sheets for packaging and protection applications, catering to various end-use industries. Most of the key players also have a presence in solid PP sheet manufacturing. Some also offer PP honeycomb panels.

The following are the key players in the European corrugated PP sheets market (Based on Dominance)

  • Corplex
  • Karton S.p.A.
  • Ondaplast S.p.A.
  • Beaulieu International Group (Distriplast)
  • Industrial Plastics Belgium
  • Ardenplast
  • Gebr. Scheidt GmbH
  • Wellplast AB
  • Northern Ireland Plastics Ltd.
  • Corram Plastics B.V.

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

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 the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Key questions this report answers

Relevant contents in the report

How big is the sales opportunity?

In-depth analysis of the European Corrugated PP Sheets Market

How lucrative is the future?

The market forecast and trend data and emerging trends

Which regions offer the best sales opportunities?

Global, regional, and country-level historical data and forecasts

Which are the most attractive market segments?

Market Segment Analysis and Forecast

Who are the top players and their market positioning?

Competitive landscape analysis, Market share analysis

How complex is the business environment?

Porter’s five forces analysis, PEST analysis, Life cycle analysis

What are the factors affecting the market?

Drivers & challenges

Will I get the information on my specific requirements?

10% free customization

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s European 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 to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the 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 the 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, Sub-Regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

Recent Market News

A huge number of strategic alliances including M&As have been performed over the past few years:

  • In March 2023, Karton S.p.A., acquired Spanish company CIPASI, reaffirming its position as a leading player in the sustainable packaging industry.

  • In 2021, ARDEN PLAST acquired ALVEOLAIRE and achieved a significant scale in the growing European market. The acquisition reinforces the position of ARDEN PLAST in the PP packaging market.

  • In February 2020, Liquibox, a portfolio company of Olympus Partners, completed the acquisition of DS Smith plc's Plastics Division. The acquired division's rigid businesses for extruded products, injection molded products, and foam products were split into three newly branded and independently operated businesses, which operate respectively as Corplex, DW Reusables, and Engineered Foam Products.

  • In February 2018, Karton S.p.A. acquired 93.33% shares of Gekoplast S.A., a company specializing in producing PP sheets for the automotive and white goods sectors. This acquisition together with investments in the Italian plants is part of the company’s strategy to satisfy the growing demand for PP sheets in Europe.

Frequently Asked Questions (FAQs)

The corrugated PP sheet has a twin-wall profile extrusion, joined by a series of vertical ribs. Its key features include resistance to chemical agents, durability, cost-effectiveness, ease of printability, recyclability, versatility, etc. Corrugated PP sheet is a unique business representing merely 1% of the total PP consumption in Europe.

The European corrugated PP sheets market is estimated to grow at a CAGR of 3.5% by 2030. Corrugated PP sheets offer a gamut of advantages such as moisture-free, durability, cleanliness, lightweight, excellent surface finish, UV and flame resistance, and recyclability, addressing pain points of existing counterparts.

Corplex, Karton S.p.A., Ondaplast S.p.A., Beaulieu International Group (Distriplast), Industrial Plastics Belgium, Arden Plast, Gebr. Scheidt GmbH, Wellplast AB, Northern Ireland Plastics Ltd., and Corram Plastics B.V., are the leading players in the European corrugated PP sheets market.

The European corrugated PP sheets market is estimated to reach € 475.4 Million by 2030.

Western Europe is estimated to remain the dominant sub-region type in the market during the forecast period owing to the presence of established economies, better infrastructure, and a huge focus on innovations. Italy, France, the UK, and Germany are the major countries for corrugated PP sheets in Western Europe.

Eastern Europe is estimated to remain the fastest-growing region in the foreseeable future owing to a growing economy, developing manufacturing base, increasing infrastructure investment, and growing awareness of sustainability. Key countries in this sub-region are Poland, Czech Republic, Slovakia and Hungary, Romania.

Increasing demand for rigid plastic packaging, growing pharmaceuticals, electricals & electronics, and e-commerce industries, an expected rise in construction output, an expected rise in automobile production, and growing preference towards environmentally friendly and sustainable packaging are key factors driving the demand for corrugated PP sheets.