Global Fluted Plastic Board market will reach 3500 million US$ by the end of 2025

Publisher: QYResearch

Published Date: 2019/7/1

Fluted Plastic Board (also known as corrugated plastic cardboard, Fluted Plastic Board sheets, coroplast sheets, waterproof cardboard, corrugated stratocore sheets) are 2 outside flat plastic sheets separated by small plastic beams running perpendicular to them. Corrugated plastic sheets come in a wide variaty of colors and thicknesses. They can be fire retardant or non-fire retardant.

The market is driven by various end-user industries, such as graphic arts and signage, packaging and storage, agriculture, automotive, building and construction and so on. As the downstream consumption usually follows with developed and rapid economic growth areas, such as BRICS, the developed areas’ company prefers investing to underdevelopment regions these years.

Rapid industrialization has led to increased disposable income and is a major factor for the growth of the Fluted Plastic Board market in Asia Pacific, especially in China. A critical factor for growth in China is availability of raw materials at lower prices coupled with the presence of large number of suppliers and producers. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, imports & exports, consumer consumption and capital investment for over two decades.

The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.

In 2018, the global Fluted Plastic Board market size was 2160 million US$ and is forecast to 3500 million US in 2025, growing at a CAGR of 7.1% from 2019. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Fluted Plastic Board.

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