Plastic Crates Market Poised to Witness Robust Growth Owing to Increasing Usage in Various End-Use Industries

Plastic Crates Market Poised to Witness Robust Growth Owing to Increasing Usage in Various End-Use Industries

The plastic crates market has been gaining significant traction over the past couple of years. Plastic crates are reusable containers made from molded plastic that are lightweight and durable compared to wooden crates. They are highly versatile and customizable with options for different dimensions, colors and logos.

Plastic crates find widespread applications in various end-use industries like food and beverages, pharmaceuticals, chemicals, automotive, and electronics among others for product handling, transportation and storage purposes. The growing e-commerce industry coupled with increasing focus on safety and hygienic packaging is propelling the demand for Plastic Crates globally.

The Global plastic crates market is estimated to be valued at US$ 3.78 Bn in 2024 and is expected to exhibit a CAGR of 7.9% over the forecast period 2024-2030.

Key Takeaways:

Key players operating in the plastic crates market are Craemer Holding GmbH, Vaibhav Industries, Brambles Limited, Supreme Industries Limited, Nefab Group, Myers Industries, Allibert Group, DS Smith Plc, Rehrig Pacific Company, TranPak Inc, Schoeller Allibert, Buckhorn, USA Plastic Molders, Plastic Emballages, and WestRock Company.

Key players are focusing on strategic mergers and acquisitions to expand their product portfolio and global footprint. For instance, in 2021, Myers Industries acquired Schaefer Systems International, a manufacturer of custom plastic crates and trays. This acquisition strengthened Myers' position in the plastic reusable packaging market.

The growing e-commerce industry is one of the key opportunities in the plastic crates market. E-commerce giants are increasingly adopting reusable plastic crates for order fulfillment and reverse logistics. This is propelling demand from the logistics and warehousing sectors.

Major players are focusing on expanding their global footprint especially in developing markets through partnerships and distributor networks. Regions like Asia Pacific and Middle East are expected to witness significant growth owing to rising industrial and manufacturing activities.

Market Drivers:

Increasing preference for plastic crates over wooden crates due to advantages like lightweight, durability, corrosion resistance is driving market growth. Plastic crates cause less damage and have longer product life.

Growing focus on hygienic and safe packaging from end-use industries like food and beverages, and pharmaceuticals is propelling the demand for plastic crates. They can be effectively cleaned and sanitized.

Market Restrains: 

Fluctuating raw material prices especially of plastic resins can hamper market profit margins.

Stringent environment regulations regarding plastic waste disposal in some countries may restrict market growth to some extent.

Segment Analysis

Plastic crates are widely used across industries such as food & beverages, pharmaceuticals, electronics and others. Food & beverages dominates the plastic crates market and accounts for over 30% share. Fresh produce application has significant demand for plastic crates for safe transportation and storage of fruits and vegetables. Pharmaceuticals is another fast growing sub-segment owing to increased preference for plastic crates over other material handling solutions owing to advantages such as crack and break resistance, corrosion free and easy maintenance.

Global Analysis

North America holds the largest share in the global plastic crates market supported by robust infrastructure and supply chain of food & beverages and pharmaceutical industries in the region. Europe also accounts for a major chunk due to stringent safety regulations for storage and transportation of perishable goods. Asia Pacific projected to witness highest growth led by increasing consumption of processed and packaged food along with developing pharmaceutical sector in China and India. Latin America and Middle East & Africa offer lucrative opportunities for plastic crate manufacturers on account rapid industrialization in recent years.

What Are The Key Data Covered In This Plastic Crates Market Report?

:- Market CAGR throughout the predicted period

:- Comprehensive information on the aspects that will drive the Plastic Crates's growth between 2024 and 2031.

:- Accurate calculation of the size of the Plastic Crates and its contribution to the market, with emphasis on the parent market

:- Realistic forecasts of future trends and changes in consumer behaviour

:- Plastic Crates Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa

:- A complete examination of the market's competitive landscape, as well as extensive information on vendors

:- Detailed examination of the factors that will impede the expansion of Plastic Crates vendors

FAQ’s

Q.1 What are the main factors influencing the Plastic Crates?

Q.2 Which companies are the major sources in this industry?

Q.3 What are the market’s opportunities, risks, and general structure?

Q.4 Which of the top Plastic Crates companies compare in terms of sales, revenue, and prices?

Q.5 Which businesses serve as the Plastic Crates’s distributors, traders, and dealers?

Q.6 How are market types and applications and deals, revenue, and value explored?

Q.7 What does a business area’s assessment of agreements, income, and value implicate?

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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)