Global Corrugated Plastic Packaging Market 2018-2022
About Corrugated Plastic Packaging
Corrugated plastic packaging is a twin-wall plastic sheet which is sturdy, reusable, waterproof, has good resistance to chemical and acid attacks, and has low moisture absorption. It is made of polymer substrates such as polypropylene (PP), polyethylene (PE), polyethylene terephthalate (PET), polycarbonate (PC), and polypropylene carbonate (PPC).
Technavio’s analysts forecast the global corrugated plastic packaging market to grow at a CAGR of 2.65% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global corrugated plastic packaging market for 2018-2022. This market research report offers a comprehensive analysis of the market segmentation by product (totes, boxes, and others)
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Corrugated Plastic Packaging Market 2018-2022
Technavio recognizes the following companies as the key players in the global corrugated plastic packaging market: DS Smith, Inteplast Group, Minnesota Diversified Industries, NW Packaging, Söhner Kunststofftechnik, and ULINE.
Commenting on the report, an analyst from Technavio’s team said: “Packaging vendors are increasingly adopting smart packaging solutions to gain a competitive edge in the market. Vendors are utilizing new printing and labeling technologies to strengthen their supply chain management. Thus, the increasing popularity of smart packaging will be a key trend that will boost market growth during the forecast period.”
According to the report, one of the major drivers for this market is the growing demand for e-commerce packaging. The rapidly growing e-commerce market and the increasing online sales of consumer electronics is driving the growth of the e-commerce market, which, in turn, is creating a demand for e-commerce packaging products such as corrugated plastic boxes, totes, and shipping containers.
Further, the report states that one of the major factors hindering the growth of this market is the increasing cost of plastic polymers such as PP and PE. This hike in price of plastic polymers is due to the rise in crude oil prices and supply shortage. The fluctuations in the prices of raw materials is expected to hamper the market growth during the next five years.
Minnesota Diversified Industries
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