Yes, it does. The reason is that the plastic wants to stretch and tear when attempting to run the material on standard box equipment. To allow the container to be folded correctly the corrugated plastic needs to be cut and creased with a tool or cutting die.
Tooling or cutting dies for plastic corrugated are manufactured from wood and steel rule, and can be made in the shape of either flat or curved.A sharp edge steel rule is used for cutting, and a flat or rounded edge is for creasing. Pressure will be needed during the die-cutting process to cut and crease the plastic.