USD 8.97 billion
Report ID:
SQMIG15G2030 |
Region:
Global |
Published Date: February, 2024
Pages:
271
|Tables:
67
|Figures:
75
Polypropylene Corrugated Packaging Market size was valued at USD 8.97 billion in 2019 and is poised to grow from USD 9.46 billion in 2023 to USD 14.52 billion by 2031, growing at a CAGR of 5.5% in the forecast period (2024-2031).
The global polypropylene corrugated packaging market is a growing market, driven by several factors such as increasing demand for sustainable packaging solutions, the growth of the e-commerce industry, and the rise in demand for lightweight and durable packaging materials. Growing demand for sustainable packaging solutions: With increasing concerns about environmental sustainability, there is a growing demand for sustainable packaging solutions. It is an eco-friendly option as it is recyclable, lightweight, and reduces packaging waste. This is driving the growth of the market, as businesses seek to reduce their environmental impact and meet consumer demand for sustainable packaging. The growth of the e-commerce industry is driving the demand for packaging solutions that can withstand the rigors of shipping and handling. Polypropylene corrugated packaging is a durable and lightweight material that provides excellent protection to the packaged products during transit. As the e-commerce industry continues to grow, the demand for polypropylene corrugated packaging is expected to increase. There is a growing trend towards lightweight and durable packaging materials, driven by the need to reduce shipping costs and improve the efficiency of supply chains. Polypropylene corrugated packaging is a lightweight material that provides excellent cushioning and protection to packaged products. This makes it an ideal choice for businesses looking for a packaging material that can reduce their shipping costs while providing reliable protection for their products.
There have been several technological advancements in the manufacturing of polypropylene corrugated packaging, which have improved its properties and performance. For instance, the use of advanced printing techniques has made it possible to create high-quality graphics and branding on polypropylene corrugated packaging. These advancements are expected to drive the growth of the market, as businesses seek to differentiate their products and enhance their brand image through packaging. Overall, the global market is witnessing significant growth, driven by the increasing demand for sustainable packaging solutions, the growth of the e-commerce industry, and the rise in demand for lightweight and durable packaging materials. The market is expected to continue to grow in the coming years, as businesses seek reliable and sustainable packaging solutions that can meet their evolving needs.
US Polypropylene Corrugated Packaging Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 8.97 billion
Largest Segment
single-wall packaging
Fastest Growth
single-wall packaging
Growth Rate
5.5% CAGR
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Global polypropylene corrugated packaging market is segmented on the basis of product type, end-user and region. By product type, the market is segmented into single-face packaging, single-wall packaging, double-wall packaging, and triple-wall packaging. By end-user, market is segmented into food and beverages, healthcare, electrical and electronics, automotive, personal care, and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Polypropylene Corrugated Packaging Market Analysis by Product Type
The largest segment in the product type category of the global polypropylene corrugated packaging market is single-wall packaging. Single-wall packaging is a more durable option than single-face packaging. It consists of two flat liners and a layer of fluted corrugated material in between. Single-wall packaging is commonly used for shipping boxes, retail displays, and packaging for heavy items such as electronics, appliances, and automotive parts. Single-wall packaging is commonly used for shipping boxes, retail displays, and packaging for heavy items such as electronics, appliances, and automotive parts. The demand for single-wall packaging is driven by the growth of e-commerce and the increasing need for sustainable packaging solutions.
The fastest-growing segment in the product type category of the global polypropylene corrugated packaging market is double-wall packaging. Double-wall packaging is even more durable than single-wall packaging. It consists of three flat liners and two layers of fluted corrugated material in between. Double-wall packaging is commonly used for packaging heavier items or products that require extra protection during shipping. It is also used in the construction industry for temporary walls, partitions, and furniture. Double-wall packaging is even more durable than single-wall packaging and is commonly used for packaging heavier items or products that require extra protection during shipping. The demand for double-wall packaging is driven by the growth of the e-commerce industry and the increasing focus on sustainability and eco-friendliness in packaging solutions.
Polypropylene Corrugated Packaging Market Analysis by End-User
The largest segment of the global polypropylene corrugated packaging market by end-use industry is the food and beverages segment. This segment accounts for a significant share of the market due to the widespread use of polypropylene corrugated packaging for packaging food and beverage products. Polypropylene corrugated packaging is extensively used in the food and beverage industry due to its ability to protect food items from moisture, heat, and air. It is used to pack different food products such as fruits, vegetables, meat, fish, bakery products, and beverages.
The fastest-growing segment of the global polypropylene corrugated packaging market by end-use industry is the healthcare segment. The healthcare industry is increasingly adopting polypropylene corrugated packaging for the packaging of medical instruments, devices, and pharmaceutical products due to its excellent protection against contamination, moisture, and physical damage. The demand for polypropylene corrugated packaging in the healthcare industry is expected to grow significantly in the coming years, driven by the increasing demand for healthcare products and the growing emphasis on product safety and hygiene.
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The Asia Pacific region is expected to dominate the global polypropylene corrugated packaging market. China is the largest market for polypropylene corrugated packaging in the Asia Pacific region. The country has a large manufacturing industry, and the demand for polypropylene corrugated packaging is increasing due to the growth of industries such as food and beverage, electronics, and e-commerce. The country is also witnessing an increase in demand for sustainable packaging solutions, which is driving the adoption of polypropylene corrugated packaging. The polypropylene corrugated packaging market in India is also growing rapidly, driven by the growth of the e-commerce industry and the increasing demand for packaged food and beverages. The Indian government's focus on sustainability and environmental protection is also driving the adoption of eco-friendly packaging solutions, including polypropylene corrugated packaging. Japan is a mature market and is witnessing moderate growth. The country has a large manufacturing industry and is witnessing a growing demand for sustainable packaging solutions. The demand for polypropylene corrugated packaging is expected to grow due to the growth of industries such as automotive and electronics. South Korea is a growing market for polypropylene corrugated packaging, driven by the growth of the e-commerce industry and the increasing demand for sustainable packaging solutions. The country is witnessing a growing trend towards lightweight and eco-friendly packaging solutions, which is driving the adoption of polypropylene corrugated packaging. Overall, the Asia Pacific region is witnessing significant growth in the polypropylene corrugated packaging market due to the growth of industries such as food and beverage, e-commerce, and electronics, and the increasing demand for sustainable packaging solutions. The region is also witnessing a growing trend towards lightweight and eco-friendly packaging solutions, which is driving the adoption of polypropylene corrugated packaging.
North America is expected to have a significant market share in the global polypropylene corrugated packaging market due to the presence of established players and the increasing demand for sustainable packaging solutions. The region is also witnessing a growing demand for e-commerce packaging, which is driving the growth of the market. The United States is the largest market for polypropylene corrugated packaging in North America. The country has a well-established manufacturing industry, and the demand for sustainable packaging solutions, including polypropylene corrugated packaging, is growing. The country is also witnessing a growing demand for e-commerce packaging solutions, which is driving the growth of the market. Canada is a growing market for polypropylene corrugated packaging, driven by the growth of industries such as food and beverage, pharmaceuticals, and automotive. The country is witnessing a growing trend towards sustainable packaging solutions, which is driving the adoption of polypropylene corrugated packaging. Mexico is a significant market for polypropylene corrugated packaging, driven by the growth of industries such as food and beverage, automotive, and electronics. The country is witnessing a growing demand for sustainable packaging solutions, which is driving the adoption of polypropylene corrugated packaging. Overall, the North American market for polypropylene corrugated packaging is witnessing significant growth due to the increasing demand for sustainable packaging solutions and the growing trend toward e-commerce packaging solutions. The region is also witnessing a growing trend towards lightweight and eco-friendly packaging solutions, which is driving the adoption of polypropylene corrugated packaging. The presence of established players and the focus on innovation and product development is also driving the growth of the market in the region.
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Polypropylene Corrugated Packaging Market Drivers
Growing demand for lightweight packaging
Rising e-commerce sales
Increased focus on sustainability
Growth of the food and beverage industry
Increasing demand for automotive parts
Polypropylene Corrugated Packaging Market Restraints
High competition
Fluctuations in raw material prices
Regulations and standards
Lack of recycling infrastructure
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The global polypropylene corrugated packaging market is highly competitive, with numerous players competing for market share. The key companies are actively engaged in strategies such as mergers and acquisitions, partnerships and collaborations, and product innovation to gain a competitive edge in the market. For example, in recent years, many companies have focused on developing more sustainable and eco-friendly packaging solutions to meet the growing demand for environmentally responsible products. Additionally, companies have focused on improving the design and functionality of their packaging to meet the changing needs of customers and stay ahead of competitors. Other factors that may impact the global polypropylene corrugated packaging market include changes in consumer behavior, advancements in technology, and shifts in global economic conditions. As the market continues to evolve, new players may emerge and existing players may change their strategies in response to these factors, leading to changes in the competitive landscape.
Polypropylene Corrugated Packaging Market Top Player’s Company Profiles
Polypropylene Corrugated Packaging Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our polypropylene corrugated packaging market analysis, the global polypropylene corrugated packaging market is dominated by key players. These companies are continuously focusing on product innovation, strategic partnerships, and acquisitions to expand their market share and gain a competitive advantage. The key trends in the global polypropylene corrugated packaging market include the increasing demand for sustainable and eco-friendly packaging solutions, the growing adoption of e-commerce, the rising demand for lightweight and cost-effective packaging solutions, and the increasing focus on product safety and hygiene. The growth drivers of the global market include the increasing demand for packaged food and beverages, the growing healthcare industry, the rising adoption of polypropylene corrugated packaging in the electronics industry, and the increasing demand for eco-friendly and sustainable packaging solutions. The major challenges faced by the global polypropylene corrugated packaging market include increasing competition from alternative packaging materials, fluctuating raw material prices, and stringent regulations regarding the use of plastic packaging. The key opportunities in the global market include the increasing demand from emerging economies, the growing popularity of online shopping, and the development of innovative packaging solutions that cater to specific end-use industries. In conclusion, the global market is expected to grow significantly in the coming years, driven by various factors such as the increasing demand for sustainable packaging solutions, the growing adoption of e-commerce, and the rising demand for lightweight and cost-effective packaging solutions. However, the market also faces several challenges that need to be addressed, such as the increasing competition from alternative packaging materials and fluctuating raw material prices.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 8.97 billion |
Market size value in 2031 | USD 14.52 billion |
Growth Rate | 5.5% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Historical Year | 2019 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Polypropylene Corrugated Packaging Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Polypropylene Corrugated Packaging Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Polypropylene Corrugated Packaging Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Polypropylene Corrugated Packaging Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Polypropylene Corrugated Packaging Market size was valued at USD 8.97 billion in 2019 and is poised to grow from USD 9.46 billion in 2023 to USD 14.52 billion by 2031, growing at a CAGR of 5.5% in the forecast period (2024-2031).
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Report ID: SQMIG15G2030
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