According to a market report by Lucintel, the future of the global plastic hollow sheet market looks promising with opportunities in the packaging and storage, graphic arts and signage, building and construction, automotive, and agriculture markets. The global plastic hollow sheet market is expected to grow with a CAGR of 4.5% from 2024 to 2030. The major drivers for this market are rising demand for lightweight and durable packaging solutions, rapid urbanization and growing disposable incomes, as well as, utilizing plastic hollow sheets and digital printing technologies provide personalized branding and signage solutions.
In this market, HDPE plastic hollow sheet and HDPP plastic hollow sheet are the major segments of plastic hollow sheet market by type.
Lucintel forecasts that HDPE plastic hollow sheet is expected to witness higher growth over the forecast period because it offers a combination of desirable properties, including high impact strength, good chemical resistance, and excellent weatherability.
Within this market, packaging and storage is expected to witness highest growth over the forecast period due to the widespread use of plastic hollow sheets in various packaging applications, including food and beverage, pharmaceuticals, and cosmetics.
APAC will remain the largest region over the forecast period due to the rapid growth of cities in APAC is leading to a surge in demand for packaging materials, construction materials, and signage.
Inteplast, Primex Plastics, Karton, SIMONA, Corplex, Distriplast, Sangeeta Group, Northern Ireland Plastics, Tah Hsin Industrial, and Twinplast are the major suppliers in the plastic hollow sheet market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]