Corry Board Industry Faces Substantial Increases on Raw Material & Production Costs Amid Rising Demand
A review into the market status of raw materials that caused an upward trend in Corry Board prices and demand in the first half of 2021.
Corry Board is a tough and lightweight twin-walled corrugated board made of Polypropylene plastic designed for impact protection on floors and surfaces during construction works. It is mostly preferred by companies due to its sustainability, cost-effectiveness, and durability.
In the first half of 2021, Corry Board prices rose in the market not just once or twice which was completely unexpected by most suppliers and consumers.
By the start of the year, supply and demand for the raw material, Polypropylene (PP), were already starting to become unstable causing an increase of roughly £0.24/lb in February which was predicted to increase further with a margin of £0.043/lb in March. Despite this, experts predicted that most plants and the market as a whole would have reopened and recovered by April, and would eventually result in a price decline of £0.21-£0.29/lb.
However, an unprecedented winter storm hit the Gulf Coast mid-February causing predictions to fall back. This caused a lot of delays, damages, and blockages in the production of many types of plastics, and one that was greatly affected was Polypropylene (PP).
With this impact on the raw material market, demand became higher than supply, urging further increases in Polypropylene prices—but what makes Polypropylene so popular in the market?
Polypropylene (PP) is a thermoplastic material used in most of our consumable products such as food containers, tumblers, medical gloves, battery packs, and phone cases among others. It is highly resistant to heat, wear-and-tear, stress, cracks, acids, and other solutions—which explains why manufacturers can’t get enough of this material!
What can consumers and producers do to keep production going despite these challenges?
Luckily, Polypropylene is highly recyclable! It can be melted into plastic pellets that can be used to make new products again and again.
SP Group Global Ltd. offers a Blue Cycle Recycling Scheme for its customers who purchase Corry Board. Its team of experts will guide you through the process of purchasing, collection, and recycling.
Blue Cycle Recycling Scheme is designed to promote environmental consciousness and to reduce carbon footprint and negative impact from the construction industry on the planet.