Author: Wu Xiaomei
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 Fluted Plastic Board industry was 2,160 million USD in 2018 and is projected to reach USD 3,500 million USD by 2025, at a CAGR (Compounded Annual Growth Rate) of 7.14% between 2019 and 2025.
The market for Fluted Plastic Board is highly fragmented with major players such as Coroplast (Inteplast Group), Primex Plastics, Karton, SIMONA, DS Smith, Distriplast, Sangeeta Group, Northern Ireland Plastics, Zibo Kelida Plastic, Tah Hsin Industrial, Twinplast, Plastflute, Creabuild, Corex Plastics and so on. There are many small companies in this market.
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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 leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
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.
The Global Fluted Plastic Board Market Research Report 2019 released by QYResearch provides a basic overview of the Fluted Plastic Board industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.
The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Fluted Plastic Board industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.
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