Polypropylene Corrugated Packaging Market 2023 – 2030: Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits
Industry : Packaging | Pages : 189 Pages | Published On : Jul 2023
Overview of the Polypropylene Corrugated Packaging Market
According to a recent study conducted by MarketDigits, the demand for polypropylene corrugated packaging solutions has been steadily increasing, leading to a significant growth in the global market. It is projected that the global polypropylene corrugated packaging market will grow at a compound annual growth rate (CAGR) of 6.5% during the forecast period from 2023 to 2030.
The rising need for convenient packaging solutions worldwide has contributed to the increasing sales of polypropylene corrugated packaging solutions, with billions of units expected to be sold.
Market Outlook of PP Corrugated Packaging
Prominent manufacturers in the global packaging industry have addressed the challenges faced by the packaging market by introducing advanced packaging solutions tailored to specific industry requirements. The development of polypropylene coated corrugated packaging solutions is one such innovative approach to overcome these challenges.
Polypropylene corrugated material is utilized to manufacture various types of packaging products, including boxes, trays, bins, retail shelves, point of purchase displays, signage, totes, dividers, and customized packaging solutions. These products serve as excellent alternatives to many other materials due to their advantages and the limitations of other packaging options.
What Drives the Demand for Polypropylene Corrugated Packaging Solutions Worldwide?
The increasing demand for moisture-proof and durable packaging solutions in key industries such as food & beverages, pharmaceuticals, cosmetics & personal care, and household goods has led to a growing acceptance of polypropylene corrugated packaging solutions on a global scale. These industries recognize the benefits of polypropylene corrugated packaging, which offers superior moisture resistance and durability compared to alternative materials like corrugated boards or plastics. Moreover, polypropylene corrugated packaging solutions have a higher weight handling capacity, making them more suitable for various applications. The ability to protect packaged goods from atmospheric impacts further contributes to their popularity.
What Factors May Limit the Future Growth of the Polypropylene Corrugated Packaging Market?
While polypropylene corrugated packaging solutions have gained traction in various regions, there are limitations that may hinder their future growth. One limitation is their susceptibility to losing form and shape when exposed to high temperatures. This characteristic may impact their performance and suitability for certain applications. Additionally, the production process of polypropylene corrugated packaging is more complex compared to simpler alternatives such as paperboard or plastic packaging. With a wide range of market alternatives available and relatively low market penetration, these factors could potentially affect the growth of the global polypropylene corrugated packaging market.
What Trends Are Shaping the Global Polypropylene Corrugated Packaging Market?
Manufacturers in the industry are focusing on differentiating their products and offerings by marketing them as sustainable solutions. This emphasis on sustainability includes promoting reusability and highlighting the environmentally friendly nature of polypropylene corrugated packaging, which resonates with consumers worldwide. Furthermore, the non-toxic and clinically tested nature of polypropylene corrugated packaging makes it a safe choice for packaging food and beverages, as it does not emit harmful substances. Additionally, packaging solutions that possess attractive aesthetics are currently trending, as they effectively capture consumer attention and drive prompt purchase decisions.
Key Market Players of Polypropylene Corrugated Packaging Market
- Technology Container Corp.
- Hinkle Manufacturing
- ANDROP PACKAGING, INC.
- Minnesota Diversified Industries
- New-Tech Packaging, Inc.
- GWP Correx
- Amatech Inc.
- CoolSeal USA
- Kiva Container
Key Market Players in Asia-Pacific Region of Polypropylene Corrugated Packaging Market
- Caprihans India Limited
- CLPG Packaging Industries Sdn. Bhd.
- Classic Enterprises Pvt Ltd
- Shish Industries Ltd.
Why are Germany and the UK considered significant markets for polypropylene corrugated packaging solutions?
Germany and the UK are prominent markets for polypropylene corrugated packaging solutions due to the widespread adoption of returnable packaging concepts across Europe. These countries have a large consumer base, including industrial and individual consumers, who prefer packaging solutions made from polypropylene corrugated material. This material is highly accepted among environmentally conscious consumers in Germany and the UK.
The growth and expansion of the global polypropylene corrugated packaging market in developed countries like Germany and the UK can be attributed to stringent laws that ban single-use plastics and impose high taxation on other pollutant materials. Additionally, the presence of key manufacturers and emerging market players offering innovative and customized packaging solutions made from polypropylene corrugated material contributes to the overall growth of the market in these countries.
What factors contribute to India and China being the fastest-growing markets for polypropylene corrugated packaging solutions?
India and China are experiencing significant growth in various end-user industries, including pharmaceutical, cosmetics, and household industries. This growth has led to an increased demand for leakproof packaging solutions that offer high strength compared to traditional alternatives. The fast-paced infrastructural development in China and the adoption of polypropylene corrugated material by producers for packaging solutions contribute to its status as the fastest-growing offering country.
In India, the packaged food and beverages industry has witnessed substantial growth, leading to a surge in demand for higher quality packaging solutions. This makes India a major market for packaging solutions made from polypropylene corrugated material. The entry of key global manufacturers into the Indian market, expanding their presence and engaging in large-scale production of polypropylene corrugated packaging solutions, indicates exponential growth potential in the future.
What impact did the Covid-19 pandemic have on the global polypropylene corrugated packaging market?
During the outbreak of the Covid-19 virus, governments imposed complete lockdowns, restricting the operation of manufacturing facilities except for those involved in food and pharmaceutical supplies.
The food and beverages, as well as the pharmaceutical industry, are major end-users of polypropylene corrugated packaging solutions. The fear surrounding the virus led consumers to engage in panic buying, resulting in increased sales of food and medicinal products. This surge in demand fueled the need for polypropylene corrugated packaging solutions worldwide. Furthermore, once the pandemic subsides, the global polypropylene corrugated packaging market is expected to witness a surge in demand for various types of packaging solutions in the near future.
Global Polypropylene Corrugated Packaging Segmentation
Segmentation based on Packaging Format:-
- Shelf Bins
- Retail Displays
Segmentation based on Distribution Channel:-
- Direct Sales (Manufacturers)
- Distributors and Wholesalers
- Retail Stores
- Online Stores
Segmentation based on End-Use Industry:-
- Food & Beverages
- Cosmetics & Personal Care
- Electronics & Electricals
Segmentation based on Region:-
- North America
- Latin America
- South Asia
- East Asia
- The Middle East and Africa
Table and Figures
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