Plastic crates are versatile containers made from molded plastic for the storage and transportation of goods. They offer key advantages such as durability, strength, lightweight nature, cost-effectiveness, and are widely used for packaging and transportation of vegetables, fruits, frozen foods, beverages and other industrial goods. The global Plastic Crates market is driven by increasing demand from food and beverage industry owing to growth of retail sector, rising consumption of packaged and processed foods.
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, WestRock Company. Craemer Holding GmbH and Brambles Limited hold majority share in global plastic crates market.
The growing demand for packaging and logistic to support retail industry is driving growth of plastic crates market. Advantages of plastic crates such as durability, strength, lightweight, easy to handle properties and cost effectiveness increases its adoption over traditional wooden crates for transportation and storage needs.
Technological advancement in plastic molding process allows manufacturers to design and produce customized plastic crates as per specific requirement of end users industries. Developments of nestable, stackable and collapsible plastic crates further increases efficiency during storage and transportation of goods.
Market Trends
Increase in demand for sustainable packaging solutions is driving manufacturers to develop recyclable plastic crates made from recycled plastic content. Reusable plastic crates helps in reducing usage of timber for crates production and provides sustainable solution.
Growing e-commerce industry is expected to boost demand for plastic crates for safe packaging and transportation of goods. E-tailers focus on robust and damage proof packaging solutions driving adoption of plastic crates.
Market Opportunities
Emerging markets of Asia Pacific and Middle East & Africa offers lucrative growth opportunities for plastic crates manufacturers. Rapid industrialization and growth of logistics sector in developing economies will propel demand.
Shift towards plastic crates from conventional wooden crates across industries like food & beverage, chemicals, automotive provides opportunities for substituting traditional packaging format with plastic variants.
Impact of COVID-19 on Plastic Crates Market Growth
The outbreak of COVID-19 pandemic had a significant impact on the growth and demand of plastic crates market globally. Lockdowns imposed by governments led to closure of manufacturing facilities and disruptions in the supply chain. This led to a decline in availability of plastic crates due to manufacturing stoppage during initial months of pandemic. The demand from end use industries such as food and beverages, pharmaceuticals, chemicals and petrochemicals, agriculture, automotive, building and construction also witnessed a downfall due to restrictions imposed on transportation and logistics. Slowdown was also witnessed in the construction and automotive sectors affecting the demand from these industries.
With vaccination drives and ease in restrictions in 2021, the market started gaining momentum slowly. As economies started reviving, manufacturing activities resumed with new safety protocols and measures. The demand also rebounded from end use industries as supply chains and logistics resumed operations. However, high raw material prices due to shortages created hurdles for plastic crate manufacturers. In this scenario, focus shifted to efficient inventory management and cost optimization to gain market share.
Moving forward, technology adoption for inventory and demand forecasting will help manufacturers in better decision making. Redesigning of plastic crates to improve loading capacities for long distance transportation will drive future demand. Investments in innovative materials to develop light weight and sustainable products will also aid market growth post pandemic.
Geographical Regions With Highest Concentration In Plastic Crates Market
North America region currently holds the largest share in the global plastic crates market in terms of value contributed. This is majorly attributed to presence of numerous end use industries requiring plastic crates for transportation and storage purposes. Countries like United States and Canada have well-established food processing and pharmaceutical industries generating high demand for plastic crates. Growing construction activities in the region also support market growth.
Asia Pacific is the fastest growing region for plastic crates market driven by rapid industrialization and infrastructure development taking place in major economies like China and India. Rising middle class population, increasing per capita income and changing lifestyles are propelling growth of food retail and automotive industries. This in turn is driving the consumption of plastic crates for varied applications in the region.
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)
