Corrugated PP Sheets Market Analysis | 2024-2030

“The Corrugated PP Sheets Market size was US$ 915 Million in 2023 and is likely to grow at a healthy CAGR of 3.5 % in the long run to reach US$ 1,175 Million in 2030”.

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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. 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 across different regions is 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.

Recent Market JVs and Acquisitions:

• 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, 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.
• 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.

Recent Product Development:

In 2020, Laminacorr Industries unveiled a new product line in 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

By Application Type

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

• The global 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.

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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

“Europe is expected to remain the largest market for corrugated PP Sheets, Whereas Asia-Pacific is estimated to be the fastest-growing market during the forecast period”.

• In terms of region, Europe is expected to remain the largest market for corrugated PP Sheets during the forecast period.
• Europe is the dominant region due to the presence of many key players in this region and the higher demand for PP in this region as Europe is highly inclined towards sustainability and PP being the recyclable material makes it the preferred material in this region.
• Asia-Pacific is poised to emerge as the fastest-growing market due to its expanding presence across various end-use markets which drives the demand for packaging materials like corrugated PP. The diverse applications of corrugated PP sheets across a wide range of industries contribute significantly to its growth trajectory.

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Key Players

The market is Moderately concentrated with the presence of a huge number of players across regions. 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 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
• Corplex
• Karton S.p.A.
• Primex Plastics Corporation
• Ondaplast S.p.A.
• Beaulieu International Group (Distriplast)
• Polyflute
• Ardenplast
• Industrial Plastics Belgium
• Laminacorr Industries Inc.

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.

What Deliverables Will You Get in this Report?

Research Methodology

• This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s global 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 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.

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Company Profiling

• Detailed profiling of additional market players (up to three players)
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Competitive Benchmarking

• Benchmarking of key players on the following parameters: Service portfolio, geographical reach, regional presence, and strategic alliances

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