According to Custom Market Insights (CMI), The Global Fluted Polypropylene Sheets Market was estimated at USD 78.2 billion in 2021 and is expected to reach USD 122 billion by 2030 with a significant CAGR rate of 4.6% during the forecast period of 2022-2030.
The fluted polypropylene sheets are lightweight but resistant materials for applications like packaging, billboards, printing plates, cushion plates, etc. The sheet materials are in high demand due to their extensive properties such as lightweight, durability, easy recycling, ability to retain under extreme pressure and climatic conditions, reliability, etc. Packaging items are the most widely produced materials out of these sheets, which own the 40% market share alone.
The fluted sheets resemble the corrugated cardboard sheets in which the ribs segregate the outside walls. Polypropylene is the raw material which the basic composition of the sheets. This raw material is abundant and is highly preferred among the manufacturing industries. The emergence of the advanced chemical manufacturing industries has led to a huge demand for plastic alternatives leading to environmental safety measures. These sheets are manufactured from copolymer polypropylene resin and are widely preferred in various industries.
Rapid digitalization and sustainability tend to boost the market.
The rapid increase in digital development and the rise in demand for sustainable living has led to a change in perception of the chemical and materials industry for using environment-friendly products. Along with it, the increase in awareness regarding recyclable products and high demand from various industries has led to the growth of the fluted polypropylene sheets market.
Increase in the popularity of lightweight and reliable polypropylene sheets among customers
The fluted polypropylene sheets are mainly used for packaging items due to their lightweight property, excellent resistance capacity against moisture and extreme climatic conditions, strength, durability, and extreme molding properties. Such factors altogether drive market growth across the world. Due to their extensive properties, fluted polypropylene sheets are highly required across various industries, such as healthcare and construction firms. Polypropylene materials are highly customizable due to high demand across a large consumer base.
Improvised manufacturing & production facilities coupled with R&D costs boost the fluted polypropylene sheets market.
The recent efforts in enhancing production rate and improvisation in research and development costs are also expected to boost the market value. In addition, the rapid improvisations in the production and maintenance facilities, along with the integration of blockchain, machine learning, and the Internet of Things, are projected to increase the production rate and work efficiency, which will drive the market during the forecast period.
Fluted Polypropylene Sheets Market Segmentation
The fluted polypropylene sheets market is segmented based on product type, Application, and geography.
Market segmentation based on Product Type
Based on product type, the fluted polypropylene sheets market is segmented into general and functional types. As per the revenue, the functional type held the largest market share in 2021 and is expected to grow at a significant CAGR rate during the forecast period. This can be attributed to multiple usages and increased adoption among people leading to a huge consumer base.
The functional type of polypropylene sheets is preferable to the conventional ones due to their multiple layers, corrugated design pattern, and flexible design, which are used in various industries. A dense design makes the functional type sheets more reliable and thick, which boosts the market growth for functional type segments. Such properties enhance the market growth for functional segments. Furthermore, easy transportation due to the lightweight properties boosts the market growth for functional type segments. The fluted propylene sheets are widely used in various industries such as textile, food packaging, advertising, chemical, and semiconductor.
Market segmentation by Application
Based on the Application, the fluted polypropylene sheets market is bifurcated into package boxes, cushion plates, printing plates & billboards, and others. The package box segment has dominated the market share with a consumption of 36.7% in 2021 and is expected to maintain its market position during the forecast period. The package box item is widely used in the market for various purposes. Package box items have huge demand due to their reliability and multi-purpose usage.
The sheet material used for packaging is lightweight, making the transportation process easier, but they are strong and stiff, preventing the package from outside pressure and other types of disturbances. The fluted polypropylene package boxes are more reliable than the conventional boxes in terms of durability, strength, malleability, conductive surface, etc., which makes the customization process more convenient, and is widely preferred by most manufacturers. Furthermore, the extensive usage of fluted polypropylene sheets in various industries leads to the market’s growth of the package box segment.
|Feature of the Report||Details|
|Market Size in 2021||USD 78.2 billion|
|Projected Market Size in 2030||USD 122 billion|
|CAGR Growth Rate||4.6% CAGR|
|Prominent Players||Inteplast Group, Corex Plastics, Primex Plastics, Distriplast, Sangeeta Group, KARTON S.p.A, A&C Plastics, Northern Ireland Plastics, Yamakoh, Tianfule Plastic, TAH HSIN, Zibo Kelida Plastic, Huaheng Plastic, and Others|
|Key Segment||By Product Type, Application, and Region|
|Report Coverage||Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors, and Recent Trends|
|Regional Scope||North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America|
|Buying Options||Request tailored purchasing options to fulfill your requirements for research.|
As per the regional distribution, the market is distributed across North America, Asia-Pacific, Europe, and LAMEA. The North American segment has held the largest market share owing to 40% of the global share for the fluted polypropylene sheets market. It is also expected to show significant growth at a fixed CAGR during the assessment region.
The market growth can be attributed to the development of good establishment of polymer industries, the increased packaging industry due to the high demand for package items, and the emergence of manufacturers on a global scale. The other attributive factors responsible for the market growth across such regions are regulatory policies mandated by organizations like the FDA and EPA, an increase in demand for packaged goods across the consumer base, and alternative production of sustainable products, which enhance the market growth across such regions.
In addition, the large-scale producers of fluted polypropylene sheets and industrial development are also expected to boost market growth across such regions.
Moreover, the rapid shift towards sustainable development associated with the product life cycle is expected to propel market growth across North American regions in the forecasting period.
- Inteplast Group
- Corex Plastics
- Primex Plastics
- Sangeeta Group
- KARTON S.p.A
- A&C Plastics
- Northern Ireland Plastics
- Tianfule Plastic
- TAH HSIN
- Zibo Kelida Plastic
- Huaheng Plastic
Covid -19 impact on the fluted polypropylene sheets market
The outbreak of the pandemic has affected various industries and markets on a global scale. Since the outbreak, numerous operational industries were temporarily shut down which has created a negative impact on the fluted polypropylene sheets market.
The enforced lockdowns and the restrictions on the movement led to the temporary shutdown of the manufacturing and production industries, due to which the growth of the fluted polypropylene sheets market was hampered during the pandemic. In addition to that, high installation cost along with the high manufacturing and processing cost is also expected to hamper the market revenue for fluted polypropylene sheets during the forecast period. However, improvement in manufacturing activity all over the world will add some opportunity in the fluted polypropylene sheets market
Recent Developments in the fluted polypropylene sheets market
- In 2017, one of the key market players named Distriplast announced the construction of a new polypropylene granulation line which is solely made of polypropylene sheets. The installment of the line was done to meet the demands for the continuously increasing production of corrugated sheets. Almost 12 % of the energy savings were expected as compared to the previous installments. The increase in the modernization of the regeneration plant leading to the production of recycling plates which is made of polypropylene is beneficial for the environment as well as the manufacturing and recycling industries.
Market segments covered in the report
- General type
- Functional type
- Package box
- Cushion box
- Printing plate & billboard
- The U.S.
- The UK
- Rest of Europe
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Rest of Latin America