Coroplast Sheets Market Report 2024 (Global Edition)

Global Coroplast Sheets Market Report 2024 Market Size Split by Material Type (Polyethylene (PE), Polypropylene (PP), Others (Polycarbonate (PC), Polyethylene Terephthalate (PET), Others), by End Use ...

Coroplast Sheets Market Report Description

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Coroplast Sheets Market Insights Video

Competitive Landscape of the Coroplast Sheets Market

The competitive landscape of the coroplast sheets market is characterized by a diverse array of players vying for market share. Intense competition drives innovation, pricing strategies, and market positioning. Factors such as product quality, customization capabilities, and distribution networks play pivotal roles in shaping competitive dynamics.

Coroplast Sheets Industry News

• In February 2021, ACI Plastics, in collaboration with Luxembourg-based Ravago, completed renovations at one of its facilities in Michigan and introduced a new film processing line. The enhancements and new equipment were integrated into the facility located on Bagwell Street, among ACI Plastics' two sites in Flint. The unveiling of these $10 million. 

(Source: https://www.aciplastics.com/uncategorized/new-recycling-facility-expected-to-create-jobs-in-flint/)  

Top Companies Market Share in Coroplast Sheets Industry: (In no particular order of Rank)

• Coroplast Inc.
• Corex Plastics Australia
• Inteplast Group
• Primex Plastics Corporation
• A & C Plastics Inc.
• ACI Plastics Inc.
• Paragon Plastics Co
• Century Plastics Ltd
• E & T Plastics Manufacturing Co. Inc.
• NE Plastics Ltd
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

In terms of revenue, the North American Coroplast Sheets Market share was 40% of the total market

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. The robust infrastructure development projects, particularly in the U.S. and Canada, drive significant demand for coroplast sheets in construction applications. Additionally, the region's thriving e-commerce sector fuels demand for packaging solutions, further boosting sales. Stringent regulations promoting sustainable practices also contribute to market growth, as coroplast sheets offer eco-friendly alternatives to traditional materials. Moreover, technological advancements and innovations in manufacturing processes enhance product quality and customization capabilities, attracting more customers.

The Asia-Pacific is the fastest-growing region. Rapid industrialization and urbanization in countries like China, India, and Japan drive substantial demand for construction materials, including coroplast sheets, for infrastructure projects. Moreover, the burgeoning e-commerce sector in the region stimulates demand for packaging solutions to meet the needs of the expanding online retail market. Additionally, increasing awareness about the benefits of using lightweight and durable materials in agriculture and logistics applications further propels market growth in the Asia-Pacific region.

The current report Scope analyzes Coroplast Sheets Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

Middle East and Africa Coroplast Sheets

According to Cognitive Market Research, the global coroplast sheets market size was estimated at USD XX Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031. The expanding agriculture sector, particularly in countries like Saudi Arabia and South Africa, drives the need for coroplast sheets in greenhouse construction, irrigation systems, and crop protection. Moreover, the growth of the e-commerce sector stimulates demand for coroplast sheets in packaging solutions, as companies seek efficient and secure methods for product distribution. MEA's diverse market landscape and evolving industrial sectors offer lucrative opportunities for coroplast sheet manufacturers to expand their presence in the region. The construction segment holds a prominent market share in the MEA region, driven by extensive infrastructure development projects and urbanization trends.

• According to Cognitive Market Research, the GCC Countries coroplast sheets market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period. The GCC countries anticipate increased coroplast sheet sales due to infrastructure investments, construction projects, and the expanding logistics sector, which drive demand for durable and lightweight materials.
• The Egypt coroplast sheets market is projected to witness growth at a CAGR of 6.8% during the forecast period with a market size of USD XX million in 2024.
• The South Africa coroplast sheets market is projected to witness growth at a CAGR of 7.5% during the forecast period with a market size of USD XX million in 2024. Sales of coroplast sheets in South Africa are poised to increase owing to infrastructure developments, agricultural modernization, and the growing e-commerce industry, which demand versatile packaging and construction solutions.
• The Turkey coroplast sheets market is projected to witness growth at a CAGR of 6.0% during the forecast period with a market size of USD XX million in 2024.
• The Nigeria coroplast sheets market is projected to witness growth at a CAGR of 5.6% during the forecast period with a market size of USD XX million in 2024.
• The Rest of MEA coroplast sheets market is projected to witness growth at a CAGR of 5.5% during the forecast period with a market size of USD XX million in 2024. 

North America Coroplast Sheets

According to Cognitive Market Research, the global coroplast sheets market size was estimated at USD XX Million out of which North America held the major market of around 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031. The region's robust construction sector, driven by infrastructure development projects and renovations, creates a significant demand for coroplast sheets in applications such as temporary barriers, protective coverings, and signage. The prominence of the packaging segment in North America is bolstered by the region's dynamic retail landscape and evolving consumer preferences. As online shopping continues to surge, coroplast sheets play a crucial role in ensuring secure and efficient packaging solutions for various products, further solidifying their market dominance in this region.

• According to Cognitive Market Research, the US had a major share in the coroplast sheets market with a market size of USD XX million in 2024 and is projected to grow at a CAGR of 4.8% during the forecast period. Sales of coroplast sheets in the U.S. are set to increase due to robust infrastructure projects, expanding e-commerce sector, and stringent environmental regulations favoring sustainable packaging solutions, driving demand across industries.
• The Canada coroplast sheets market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period. Canada anticipates a surge in coroplast sheet sales driven by infrastructure investments, growing construction sector, and increasing demand for eco-friendly packaging solutions in response to environmental consciousness and regulatory pressures.
• The Mexico coroplast sheets market is projected to witness growth at a CAGR of 5.5% during the forecast period with a market size of USD XX million in 2024.

Europe Coroplast Sheets

According to Cognitive Market Research, with a market value of USD XX million in 2024 and projected to expand at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031. Europe accounted for a share of around 30% of the global market size of USD XX million. The burgeoning e-commerce sector, coupled with the need for efficient logistics and distribution solutions, further propels the demand for coroplast sheets in packaging applications. Furthermore, the construction industry's focus on lightweight and durable materials fosters the use of coroplast sheets in roofing, insulation, and signage. Europe's diverse market demands position coroplast sheets for significant growth opportunities. The packaging segment holds a prominent market share in Europe, driven by the region's stringent environmental regulations and consumer preferences for sustainable packaging solutions.

• The United Kingdom coroplast sheets market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 6.1% during the forecast period. In the UK, coroplast sheet sales are poised to increase owing to infrastructure developments, the rise of online retail, and a focus on sustainable packaging solutions, aligning with evolving consumer preferences.
• The France coroplast sheets market is projected to witness growth at a CAGR of 4.5% during the forecast period with a market size of USD XX million in 2024.
• According to Cognitive Market Research, the Germany coroplast sheets market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 5.5% during the forecast period. Sales of coroplast sheets in Germany are set to rise due to infrastructure upgrades, a thriving manufacturing sector, and stringent regulations promoting eco-friendly packaging solutions, driving demand across various industries.
• The Italy coroplast sheets market is projected to witness growth at a CAGR of 4.7% during the forecast period with a market size of USD XX million in 2024.
• The Russia coroplast sheets market is projected to witness growth at a CAGR of 4.3% during the forecast period with a market size of USD XX million in 2024.
• The Spain coroplast sheets market is projected to witness growth at a CAGR of 4.4% during the forecast period with a market size of USD XX million in 2024.
• The Luxembourg coroplast sheets market is projected to witness growth at a CAGR of 5.4% during the forecast period with a market size of USD XX million in 2024.
• The Portugal coroplast sheets market is projected to witness growth at a CAGR of 5.1% during the forecast period with a market size of USD XX million in 2024.
• The Greece coroplast sheets market is projected to witness growth at a CAGR of 5.6% during the forecast period with a market size of USD XX million in 2024.
• Rest of Europe coroplast sheets market is projected to witness growth at a CAGR of 4.0% during the forecast period with a market size of USD XX million in 2024.

Asia Pacific Coroplast Sheets

According to Cognitive Market Research, the global coroplast sheets market size was estimated at USD XX Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2031. The burgeoning e-commerce sector, particularly in countries like China and India, fuels the need for efficient and secure packaging solutions, where coroplast sheets offer lightweight and customizable options. Furthermore, the agricultural sector's modernization and adoption of greenhouse farming techniques propel the demand for coroplast sheets in crop protection and irrigation systems. Asia Pacific's diverse market landscape and growing industrial sectors present ample opportunities for coroplast sheet manufacturers. The agriculture & allied products segment is poised for substantial growth driven by the region's agrarian economies and increasing adoption of modern farming techniques.

• According to Cognitive Market Research, the China coroplast sheets market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 8.3% during the forecast period. China anticipates a significant increase in coroplast sheet sales due to rapid urbanization, infrastructure projects, and the booming e-commerce sector, which fuel demand for packaging and construction applications.
• The Japan coroplast sheets market is projected to witness growth at a CAGR of 7.3% during the forecast period with a market size of USD XX million in 2024.
• The India coroplast sheets market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 10.6% during the forecast period. India expects a surge in coroplast sheet sales driven by infrastructure development, the agriculture sector's modernization, and the growing e-commerce industry, which demand versatile packaging and construction solutions.
• The South Korea coroplast sheets market is projected to witness growth at a CAGR of 7.9% during the forecast period with a market size of USD XX million in 2024.
• The Australia coroplast sheets market is projected to witness growth at a CAGR of 8.5% during the forecast period with a market size of USD XX million in 2024.
• The South East Asia coroplast sheets market is projected to witness growth at a CAGR of 9.8% during the forecast period with a market size of USD XX million in 2024.
• The Rest of Asia Pacific coroplast sheets market is projected to witness growth at a CAGR of 8.6% during the forecast period with a market size of USD XX million in 2024.

South America Coroplast Sheets

According to Cognitive Market Research, the global coroplast sheets market size was estimated at USD XX Million out of which Latin America market of around 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031. The expansion of the agriculture sector, particularly in countries like Brazil and Argentina, creates opportunities for coroplast sheets in greenhouse construction, irrigation systems, and crop protection. Moreover, the e-commerce boom in Latin America stimulates demand for coroplast sheets in packaging solutions, as companies seek efficient and secure methods to deliver goods to consumers. Latin America's diverse market landscape and evolving industrial sectors present favorable conditions for coroplast sheet manufacturers to capitalize on. The construction segment holds a prominent market share in Latin America, driven by the region's ongoing infrastructure development projects and urbanization trends.

• According to Cognitive Market Research, the Brazil coroplast sheets market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 6.8% during the forecast period. In Brazil, coroplast sheet sales are poised to increase due to infrastructure investments, expanding agricultural activities, and the rising e-commerce sector, which drive demand for packaging and construction applications.
• The Argentina coroplast sheets market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 7.1% during the forecast period. Sales of coroplast sheets in Argentina are set to rise due to infrastructure projects, agricultural advancements, and increasing demand for packaging solutions driven by the growing e-commerce sector.
• The Colombia coroplast sheets market is projected to witness growth at a CAGR of 6.0% during the forecast period with a market size of USD XX million in 2024.
• The Peru coroplast sheets market is projected to witness growth at a CAGR of 6.4% during the forecast period with a market size of USD XX million in 2024.
• The Chile coroplast sheets market is projected to witness growth at a CAGR of 6.5% during the forecast period with a market size of USD XX million in 2024.
• The Rest of Latin America's coroplast sheets market is projected to witness growth at a CAGR of 5.3% during the forecast period with a market size of USD XX million in 2024.

Coroplast Sheets Market Analysis

Coroplast Sheets Material Type Segment Analysis

According to Cognitive Market Research, Polypropylene (PP) held the major market share over the forecast period due to its versatile properties and wide-ranging applications. Its durability, lightweight nature, and resistance to moisture and chemicals make it a preferred choice across industries such as packaging, construction, and automotive. Additionally, PP's recyclability aligns with growing environmental concerns, further boosting its adoption. Moreover, advancements in manufacturing processes continually enhance PP's performance and customization capabilities, driving sustained demand in the market.

Polyethylene Terephthalate (PET) is the fastest-growing category over the forecast period due to several factors. PET's increasing usage in the packaging industry, particularly for food and beverage products, is a significant driver. Its transparency, lightweight nature, and excellent barrier properties make it ideal for packaging applications. Additionally, PET's recyclability aligns with sustainability initiatives, further propelling its adoption. Moreover, technological advancements enabling the production of PET with improved strength and durability contribute to its rapid growth in the market.

• Polyethylene (PE)
• Polypropylene (PP)
• Others (Polycarbonate (PC)
• Polyethylene Terephthalate (PET)
• Others

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Coroplast Sheets Industry. Request a Free Sample PDF!

Coroplast Sheets End Use Segment Analysis

According to Cognitive Market Research, packaging held a prominent market share. The rapid expansion of the e-commerce sector drives increased demand for packaging materials to ensure the safe and efficient shipment of goods. The growing preference for sustainable packaging solutions aligns with the recyclable and versatile properties of coroplast sheets, further boosting sales. Additionally, the rise in consumer awareness regarding product safety and convenience fuels the demand for innovative packaging solutions, driving market growth.

Agriculture & allied products is the fastest-growing category over the forecast period due to various reasons. Firstly, modernization in agriculture leads to increased adoption of coroplast sheets for greenhouse construction, irrigation systems, and protective coverings, boosting sales. Secondly, the emphasis on enhancing crop yield and quality drives the demand for coroplast sheets in agriculture applications. Additionally, the versatility and durability of coroplast sheets make them well-suited for various agricultural uses, further propelling market growth.

• Packaging
  • Healthcare
  • Food
  • Automotive
  • Electronics
  • Others
• Logistics & Transportation
• Building & Construction
• Agriculture & Allied Products
• Others (Advertisement, Graphics)

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Coroplast Sheets Thickness Segment Analysis

According to Cognitive Market Research, less than 3 mm hold a prominent market share. Their lightweight and flexible nature makes them ideal for packaging applications, driving increased sales in industries such as e-commerce and retail. Their affordability and ease of handling contribute to their widespread adoption across various sectors. Additionally, the versatility of these thinner sheets allows for a wide range of applications, further solidifying their market dominance.

The 3 to 8 mm is the fastest-growing category over the forecast period. These sheets offer increased durability and rigidity compared to thinner options, making them suitable for applications requiring more structural integrity, such as signage and construction. Their versatility allows for a broader range of applications, driving demand across industries. Additionally, advancements in manufacturing processes enable the production of high-quality coroplast sheets within this thickness range, further fuelling market growth.

• Less than 3 mm
• 3 to 8 mm
• Above 8 mm

Author's Detail

Manoj Phagare

Senior Research Analyst at Cognitive Market Research

LinkedIn

Profile

• Worked on several market, industry & business research projects, on various models such as Syndicated, Custom, Subscriptions and Consults
• Proficient in secondary research and familiar with all paid research databases
• Proficient in primary research and handling client queries through mails and calls
• Expertise in statistical techniques used in data forecasting, possess strong grip on all aspects of market engineering & data analysis
• Expertise in checking feasibility of projects based on Request for Proposal (RFPs) of clients
• Acquainted with entire process of report writing- Title Analysis, TOC Building, Search Engine Optimization, TOC Freezing, Writing Reports, Market Engineering, Scheduling Primaries, Directory of Key Industry Participants (DKIP), Drafting “Press Articles/Summary/Report Description/Analyst Briefing” used for making marketing collaterals 
• Gained team-work skills in coordinating with the sales teams for business development and meeting needs of a variety of clients hand-in-hand with promoting sales.

Author's Conclusion