Westford, USA, April 28, 2023 (GLOBE NEWSWIRE) -- The global Polypropylene Corrugated Packaging market size is expected to reach USD 14.52 billion by 2030 and exhibit a CAGR of 5.5% in the forecast period (2022−2030), according to Skyquest's latest research report. The growing demand from the e-commerce industry, environment-friendly packaging, and cost-effectiveness are fueling the Market's growth.
Government Subsidies and Incentives to Promote the Use of Polypropylene Corrugated Packaging
At a global scale, several government initiatives are promoting the growth of polypropylene corrugated packaging. The European Union's Single-Use Plastics Directive aims to reduce the amount of plastic waste in the environment and encourages the use of more sustainable alternatives like polypropylene corrugated packaging.
The growing preference for lightweight and durable packaging materials and rising demand for customized packaging solutions that are both functional and visually appealing are the trends that aid in the market's growth.
Polypropylene Honeycomb Type Demand to Grow Substantially in the Forecast Period
Polypropylene honeycomb type dominated the global market owing to its high strength-to-weight ratio. It is also lightweight and recyclable, which makes it an ideal choice for packaging applications. In addition, the report suggests that the growing demand from end-use industries, such as automotive, aerospace, and construction, is also driving the growth of PP honeycomb packaging.
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Consumer Goods is the Leading Application Segment
In terms of application, the passenger car segment is the leading segment due to the demand for durable packaging. In addition, the increasing demand for lightweight and eco-friendly packaging solutions by the consumer goods industry, such as packaging for food, beverages, cosmetics, and personal care products has helped the market to grow.
Asia-Pacific are the leading Market for Using Clean Energy
Region-wise, Asia-Pacific is one of the largest growing markets with a huge emphasis on clean energy and effective distribution of natural gasses. The rapid industrialization, increasing urbanization, and growing population in countries such as China and India have led to a surge in demand for lightweight, durable, and eco-friendly packaging solutions. Indian government's initiatives, such as the 'Make in India' campaign, which aims to promote the manufacturing sector and increase the country's exports, are expected to drive the growth of the packaging industry in the region. Additionally, the Indian government has launched several schemes to promote the use of eco-friendly packaging materials, such as the 'Plastic Waste-Free India' campaign, which is expected to boost the demand for polypropylene corrugated packaging solutions in the country.
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Browse in-depth TOC on " Polypropylene Corrugated Packaging Market "
Pages - 271
Tables - 67
Figures - 75
Polypropylene Corrugated Packaging Market Report Suggests:
- The global market size is projected to grow by 14.52 billion by 2030 owing to growing demand from the e-commerce industry.
- In terms of application, the consumer goods segment dominates due to the demand for durable packaging.
- In terms of type, the polypropylene honeycomb type segment is projected to gain more popularity due to its hi strength-to-weight ratio
- North America and Asia Pacific are leading markets and will continue to exhibit dominance in the global market mainly due presence of major market players
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Polypropylene Corrugated Packaging Market Segmentation:
The global Polypropylene Corrugated Packaging market report is segmented based on Product type, application, and region.
By Product Type
- Boxes
- Containers
- Bins
- Totes
- Trays
- Others
By Application
- Food & Beverage
- Personal Care & Cosmetics
- Pharmaceuticals
- Electrical & Electronics
- Building & Construction
- Automotive
- Others
By Region
- North America
- U.S
- Canada
- Europe
- Germany
- France
- UK
- Spain
- RoE
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Latin America
- Brazil
- RoLA
- Middle-East and Africa
- South Africa
- GCC Countries
- Rest of MEA
Polypropylene Corrugated Packaging Market Major Company Profiles:
- DS Smith
- Inteplast Group
- Mondi Group
- Smurfit Kappa Group
- Signode Industrial Group
- Coroplast Fritz Müller GmbH & Co KG
- Axxion Industries
- Primex Plastics Corporation
- Pinnacle Packaging Industries
- Nilex Inc.
- KARTON S.p.A.
- JX Nippon ANCI Corporation
- Yamakoh Industries
- Röchling Group
- Europac Group
- Proline
- Corex Plastics
- Cartonplast Group
- B & C Plastics
- Dynaflex Private Limited.
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