The global plastic crates market size was worth around USD 9 Billion in 2022 and is predicted to grow to around USD 41.9 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 21.21% between 2023 and 2030.
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➤ Increased demand for transportation solutions that are both efficient and effective in order to stimulate market expansion
The global plastic containers market is anticipated to experience a high CAGR as a result of the growing demand for efficient transportation solutions. Additionally, stakeholders are becoming increasingly vigilant regarding the hygiene of the items that are being transported. In sectors such as agriculture, food and beverage, pharmaceuticals, and certain significant industries that prioritize product safety during storage and transportation, plastic crates are extensively employed.
➤ The market’s expansion may be restricted by the increasing environmental concerns.
The global community is presently confronted with the consequences of the excessive use of plastic in various sectors. This is a significant concern for the global plastic container industry, as manufacturers must guarantee that their business operations do not have a substantial environmental impact. Nevertheless, this is a challenging objective to accomplish in this sector due to the fact that plastic is a non-biodegradable product at its center. Therefore, in order to ensure their long-term viability, industry participants must allocate resources to the development of advanced technologies that facilitate the production of reusable plastic crates. Additionally, the industry participants may observe a significant shift in consumers’ preferences for more environmentally friendly packaging solutions as the awareness of sustainable packaging solutions increases.
➤ The increasing utilization of automation and clever technologies to generate growth prospects
The plastic crates industry participants can anticipate a higher expansion rate as a result of the increasing investment in advanced technologies and the integration of plastic crates with new systems. For example, a smart plastic crate that is equipped with sensors and tracking IDs that can provide real-time information on the condition and location of goods is a prominent example of how technology-furnished units can enhance the entire supply chain process.
➤ Competition from alternative solutions to impede market expansion
The plastic containers industry is anticipated to encounter growth challenges as a result of the increasing competition from alternative solutions in the commercial market. For example, traditional wooden crates also offer a variety of advantages, despite the numerous advantages of plastic crates. Additionally, products that are comparable to those that are made from more environmentally favorable materials, such as cardboard and biodegradable plastics, may experience an increase in consumption.
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The Global Plastic Crates Market is segmented based on product, application and region
Global Plastic Crates Market: Product Segment Analysis
● PP (Polypropylene)
● HDPE (High-Density Polyethylene)
● PE (Polyethylene)
● PVC (Polyvinyl Chloride)
● Others
Global Plastic Crates Market: Application Segment Analysis
● Retail
● Industrial
● Agriculture
● Pharmaceuticals
● Food and Beverages
● Logistics Distribution
● Others
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The global Plastic Crates market profiles key players such as:
● Schoeller Allibert
● Nilkamal Limited
● Aristo Export Company
● Craemer Group
● Solent Plastics
● CEP
● Gamma-Wopla
● Linpac Allibert
● Granger Plastics Company
● Polymer Logistics
● Bito Lagertechnik
● Orbis Corporation
● Monoflo International
● Schäfer Werke GmbH
● Plast Team
● Elkoplast
● IPL Plastics
???? Recent Developments:
• NestBox, a reusable crate that is a first-of-its-kind, was introduced by Plastic Sud, a prominent manufacturer and supplier of plastic containers, in August 2021. The volume strength of 43 liters and a layering ratio of 1: 6 are the characteristics of the two-colored crate. The specific application of NestBox involves the harvesting of infant leaves and lettuce in open fields. The reduction of CO2 emissions is one of the box’s most notable features.
• Banana Lift Lock containers, which are especially engineered for the secure transportation of bananas, were introduced by IFCO, one of the world’s most prominent suppliers of Reusable Plastic Containers (RFCs), in June 2021. The crate is applicable at any stage of the supply chain. The Lift Lock containers provide advantages such as enhanced strength and superior ventilation.
➤ The Asia-Pacific region is expected to dominate the market growth.
The Asia-Pacific region is anticipated to experience the most significant development in the global plastic crates market, primarily as a result of the exponentially expanding sectors of agriculture and food & beverages. India and China are among the world’s most prominent agricultural nations. For example, the National Bureau of Statistics of China reported that the total agricultural output value of the nation was USD 1.13 trillion in 2020. The agricultural sector is the most significant industrial sector in the Indian economy.
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