Fluted Plastic Board Market Size, Share, Growth, And Industry Analysis By Type (Polypropylene Type, Polyethylene Type, And Others) By Application (Graphic Arts and Signage, Packaging and Storage, Agriculture, Automotive, Building and Construction, And Others), Regional Forecast To 2031

Updated On: 22 April 2024

Fluted Plastic Board Market Report Overview

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global fluted plastic board market size was USD 2655 Million in 2021 and market is projected to touch 5271.8 Million by 2031, exhibiting a CAGR of 7.1% during the forecast period.

Fluted plastic board, sometimes referred to as corrugated plastic board or fluted polypropylene board is a polypropylene-based product that is lightweight, strong, and moisture-resistant. The market for fluted plastic board and its benefits are being enjoyed by a number of industries, including agriculture, construction, graphic arts, signage, and many more. In general, polypropylene copolymer is used to create the twin-wall plastic sheets that make up fluted plastic boards. What's even better is that fluted plastic boards may be used for a wide range of things, including pallets, crates, paint cans, flower pots, home storage items, battery cases, and pallets and crates.

Due to its many benefits over other materials, including its lightweight and durability, low cost, and versatility, the fluted plastic board market growth is expanding. Additionally, due to its ability to withstand moisture, it is perfect for usage in the food and beverage sector, where it is often utilized for packaging and food trays. The fluted plastic board is a preferred choice since it can be recycled and has less of an impact on the environment than more conventional materials such as cardboard. The need for ecologically friendly packaging materials has increased in recent years. As more businesses seek to lower their impact on the environment, this has resulted in an increasing market for the fluted plastic board. In general, the market for fluted plastic board is expanding as a result of the product's many benefits, including its robustness, affordability, versatility, and environmental friendliness.

COVID-19 Impact: Market Saw Growth Due To Significant Demand

The COVID-19 outbreak had a detrimental impact on several global markets, however, the fluted board business continued to thrive even during the pandemic. The increasing demand for the home delivery service is what is responsible for the market expansion during the period of the highly contagious virus. The market experienced tremendous growth during the pandemic since the packaging for the home delivery service requires plastic boards as packaging materials and food trays. The constrained and disturbed global supply chain, however, caused the expansion to slow down a little bit.

Latest Trends

"New Innovations And Technological Advancements In The Market Facilitate Growth"

The fluted plastic board market is being driven by technological developments, such as new manufacturing techniques and design advances, which are increasing the product's affordability and adaptability. The popularity of fluted plastic-boards as an eco-friendly packaging material has grown as a result of the development of new recycling technologies, which have improved the recyclability of the material and made it simpler to recover and reuse.

Fluted Plastic Board Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into polypropylene type, polyethylene type, and others. The polypropylene type segment is anticipated to dominate the market by type during the market years 2021-2031.

• By Application Analysis

Based on application, the market can be divided into graphic arts and signage, packaging, and storage, agriculture, automotive, building and construction, and others. The segment of graphic arts and signage will pioneer the market by the application during the forecast period.

Driving Factors

"Growing Awareness Of Sustainability Augments Product Value"

Fluted plastic-boards are becoming more and more popular since they can be recycled and have a lower environmental impact than more conventional materials such as cardboard, which is helping to meet the growing need for ecologically friendly packaging materials. Fluted plastic boards are also quite inexpensive when compared to other packaging materials, which is boosting both its appeal and that of consumers and businesses.

"Rapid Growth Of E-commerce Sites And Online Shopping Proliferates Product Demand"

The plastic boards are well adapted to meet the demand for effective and affordable packaging solutions brought on by the expansion of e-commerce. They are portable due to their flexibility and lightweight, and the contents being shipped are further protected by their corrugated design. They are also a desirable option for e-commerce businesses trying to keep their shipping expenses low due to their low cost in comparison to other packaging materials. In general, the growth of e-commerce and online shopping is fueling demand for fluted plastic boards as a packaging material since it offers an affordable, adaptable, and environmentally friendly answer to the packaging demands of online merchants.

Restraining Factors

"Increased Competition Among Materials Impedes Market Expansion"

Fluted plastic boards compete with alternative packaging materials such as corrugated cardboard and plastic packaging, which provide similar advantages, despite their advantages. Regardless of the fact that fluted plastic boards are biodegradable and can reduce waste when compared to other materials, some customers may still choose other materials owing to their perceived environmental impact. There are also worries about how plastic trash may affect the environment, which may cause the demand for fluted plastic boards to decline.

Fluted Plastic Board Market Regional Insights

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"Europe Leads Due To Robust Demand"

Strong demand, cutting-edge technology, high standards, and a developing e-commerce sector have all contributed to Europe becoming the leader in fluted plastic board market share. Due to their adaptability and toughness, fluted plastic boards are in high demand throughout Europe. Packaging, printing, and advertising are only a few of the many uses for them.

To produce high-quality fluted plastic boards that satisfy the wide range of needs of their clients, a number of sizable, well-established enterprises that dominate the North American market make significant investments in research and development. All of these elements have contributed to North America becoming the market leader for fluted plastic boards.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Coroplast (Inteplast Group) (U.S.)
• Primex Plastics (U.S.)
• Karton (Austria)
• SIMONA (Germany)
• DS Smith (United Kingdom)
• Distriplast (Belgium)
• Sangeeta Group (India)
• Northern Ireland Plastics (United Kingdom)
• Zibo Kelida Plastic (China)
• Tah Hsin Industrial (Taiwan)
• Twinplast (United Kingdom)
• Plastflute (Malaysia)
• Creabuild (United Arab Emirates)
• Corex Plastics (Australia)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors such as segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.