Global market for Fluted Polypropylene Sheets to grow at CAGR of 3.7% over the next five years

13-Jun-19

The worldwide market for Fluted Polypropylene Sheets is expected to grow at a CAGR of roughly 3.7% over the next five years, will reach US$800 million in 2024, from US$640 mln in 2019, according to a new GIR (Global Info Research) study.Fluted polypropylene sheets are generally used in package box, cushion plate and printing plate & billboard etc. Package box is the most wildly application, which took a consumption share of 34.10% in 2016, with an amount of 113.4 K tpa.

Raw material of fluted polypropylene sheets is mainly polypropylene. Owing to abundant raw material resource and mature manufacture process, there are many manufacturers all over the world. Market concentration in this market is not high and total production of those 14 suppliers took a market share of 53.56% in 2016.
Fluted polypropylene sheets are invented since 1972 and became popular in Europe and America quickly. In Asia, fluted polypropylene sheets were introduced firstly in Japan and Korea. China had started production in 1990s. Currently, fluted polypropylene sheets are mainly produced in Europe, North America and Asia. Europe and North America are still two leading production regions. In 2016, Europe produced 100.33 K MT, with a share of 28.98%. North America production increased from 107.33 K MT in 2012 to 124.76 K MT in 2016, with an average increase rate of 3.83%.

Globally, fluted polypropylene sheets demand keeps increasing from 281.43 K MT in 2012 to 332.55 K MT in 2016. Average increase rate of global total consumption is about 4.26%. Global production value is about 609 million USD in 2016. Influenced by raw material price, fluted polypropylene sheets price varied from 2023 USD/MT in 2012 to 1832 USD/MT in 2016. In the future, we predict that global demand for fluted polypropylene sheets will keep increasing. By 2023, global total consumption will be 446.15 K MT.

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