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The corrugated pipe market provides essential solutions for
underground infrastructure in construction and agriculture. Corrugated pipes
are cost-effective, durable, and versatile for many plumbing, drainage, and
irrigation applications. Made from materials like plastic, metal, and concrete,
corrugated pipes help manage stormwater runoff and enhance ecological balance.
The global
corrugated pipe market is estimated to be valued at US$ 16,549.5 Mn in 2024 and
is expected to exhibit a CAGR of 6.1% over the forecast period 2024 to 2031.
Key players operating in the corrugated pipe market includes Pacific Corrugated
Company, Bina Plastic Industries Sdn. Bhd, Jain Irrigation Systems Ltd.,
Fränkische Industrial Pipes Gmbh, Dura Life India, Contech Engineered
Solutions LLC, JM Eagle Inc., Pars Ethylene Kish Co., Dutron, Jindal Plast,
Crown Pipes, Shree Darshan Pipes, Jagannath Industries, Kuzeyboru, and Mipa
Industries. The increasing awareness about sustainable infrastructure and the
need to tackle climate change is driving the demand for corrugated pipes
globally.
Key Takeaways
The Corrugated
Pipe Market Companies are focusing on developing eco-friendly pipes
made from recyclable and renewable materials to cater to the growing preference
for green building solutions.
Growing demand – The rising demand for sustainable drainage systems and
awareness about water conservation is expected to boost market growth over the
forecast period. Several government regulations also encourage the use of
corrugated pipes in developed markets.
Global expansion – Leading manufacturers are expanding their production
facilities and distribution networks globally especially in developing markets
to tap the potential opportunities. Many counties in Asia Pacific and Latin
America are expected to witness high demand.
Market Key Trends
One of the major gaining prominence in the Corrugated
Pipe Market Trend is the shift toward developing eco-friendly pipe
materials and solutions. Many key players have launched biodegradable
corrugated pipes made from materials like recycled plastic and organic resins.
These pipes help reduce carbon footprint. Moreover, advanced corrugated pipes
with thicker walls and enhanced jointing systems are also gaining adoption
globally. Their longer lifespan and improved structural properties are
increasing preference among builders and contractors. Sustainable
infrastructure development and stringent regulatory policies pertaining to
waste management will continue to influence future demand and trends in this
sector positively.
Porter’s
Analysis
Threat of
new entrants: Low capital requirement for production facility have enabled ease
of entry into the corrugated pipe market in several countries. However,
established brands dominate the market due to strong distribution networks,
technical expertise, and recognized product portfolio limiting threat of new
entrants.
Bargaining power of buyers: Large buyers such as construction and irrigation
industries have significant bargaining power over suppliers due to high
purchase volumes. However, availability of several suppliers with substitutable
products prevents buyers extracting high concessions.
Bargaging power of suppliers: Raw material suppliers have moderate bargaining
power due to availability of substitutes. However, suppliers continue
maintaining pricing power through economies of scale from specialized
production processes and logistics infrastructure.
Threat of new substitutes: New material such cardboard, steel pipes pose
minimal threat currently due to corrugated pipes’ affordability, flexibility,
good drainage properties, corrosion resistance. Substitutes require innovative
product features or cost reductions to gain market share.
Competitive rivalry: Intense competition among numerous global and regional
players. Competition based on product performance, innovation, pricing and
partnerships with construction companies.
The Asia Pacific region accounted for the largest share in
the global corrugated pipe market in terms of value in 2024, and the region is
estimated to be the fastest growing during the forecast period due to strong
economic growth and increasing industrial and infrastructure activities in
developing countries such as India and China. North America is another major
geographical region holding a significant value share in the corrugated pipe
market due to high demand from the mature agriculture, wastewater management,
and civil construction industries.
Get more insights on Corrugated
Pipe Market
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About
Author:
Ravina Pandya,
Content Writer, has
a strong foothold in the market research industry. She specializes in writing
well-researched articles from different industries, including food and
beverages, information and technology, healthcare, chemical and materials, etc.
(https://www.linkedin.com/in/ravina-pandya-1a3984191)
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