Global Plastic Crates Market – Industry Trends and Forecast to 2029

Global Plastic Crates Market, By Type (HDPE (High-Density Poly Ethylene), PP (Polypropylene), PE (Polyethylene), PVC (Polyvinyl Chloride), Others), Application (Agriculture, Food and Beverage, Pharmaceuticals, Retail, Industrial, Logistics Distribution, Others) – Industry Trends and Forecast to 2029

Market Analysis and Size

Plastic crates are large, rectangular corrugated fibreboard containers. They are used as packaging for products and goods that require weather protection during shipment or storage. storage plastic crates, which are available in a variety of sizes and shapes, are an alternative to traditional wooden crates. They can be made from various materials such as wood, metal, or plastic. They are strong enough to be stacked high, but light enough to be moved around independently. When necessary, they can be easily cleaned and sanitized. As a result, they are an excellent choice for applications where hygiene is critical.

Data Bridge Market Research analyses that the plastic crates market was valued at USD 8992 million in 2021 and is expected to reach the value of USD 41867.52 million by 2029, at a CAGR of 21.20% during the forecast period of 2022-2029.

Market Definition

The majority of organic products are transported in plastic crates. These are common in online shopping and home delivery models. These crates do an excellent job of keeping the temperature stable and the food safe. Food can be stored in plastic crates for a longer time.

Report Scope and Market Segmentation

Plastic Crates Market Dynamics

Drivers

• Growing applications from the various end-user industries

The increasing number of applications from various end-user industries, the availability of customized crates based on consumer needs, rapid industrialization across the globe, rising international trade, and increasing government initiatives to support domestic and international trade will likely boost the growth of the plastic crates market during the forecast period of 2022-2029. On the other hand, improving consumer lifestyles and rising demand for crates for goods transportation and efficient storage will create ample opportunities for the growth of the plastic crates market during the forecast period.

• Increased consumption of packaged food globally

Demand for plastic crates has increased due to increased packaged food demand and door-to-door delivery. These can keep food and other products fresher for longer than other packaging options. This raises demand on the global market. Furthermore, once the delivery is complete, these can be reused, saving the cost of purchasing new crates. As a result, consumers prefer plastic crates to cardboard packaging. Following the pandemic, people around the world are gravitating toward well-packaged items, which are expected to increase demand for plastic crates globally.

• Growth and expansion of end-user verticals to present numerous opportunities for small scale businesses

The materials and packaging industry has a lot of room to grow as the global economy improves. The expansion and growth of various end-user verticals such as food and beverage, healthcare, chemicals, and others is directly proportional to the rising demand for materials and packaging solutions. Urbanization, modernization, and globalization are driving market value growth. Other market growth determinants include rapid development in flexible packaging solutions, increasing technological advancements in packaging equipment and technology to accommodate a diverse range of products, and increased e-commerce industry proliferation. Furthermore, advancements in manufacturing technology provide profitable opportunities to market participants from 2022 to 2029. Furthermore, there is a growing awareness of the advantages of using plastic crates, such as cost-effectiveness and increased product quality.

Restraints

The increasing enforcement of stringent environmental regulations imposed on industries regarding the packaging waste generated will impede the growth of the plastic crates market. Furthermore, stringent product approval regulations will limit the scope of growth for the plastic crates market. With the increasing number of restrictions imposed around the world as a result of the pandemic, there has been a drop in the demand and supply of packaging solutions. Furthermore, fluctuations in raw material prices will be a detriment to the plastic crates market. As a result, the rate of growth of the plastic crates market will be challenged.

This plastic crates market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue plastics, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the plastic crates market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Plastic Crates Market

The COVID-19 pandemic has caused the production of various products in the plastic crates industry to be halted, resulting in a worldwide lockdown. This slowed the growth of the plastic crates market in 2020, but it is expected to pick up in 2021. Furthermore, the potential impact of the lockdown is currently unknown, and companies' economicaly dependent on their cash reserves. Plastic crates manufacturers can only afford a full lockdown for a few months before having to change their investment plans. After COVID-19, plastic crates manufacturers are expected to focus on protecting their workforce, operations, and supply chains in order to respond to immediate crises and find new ways of working.

Recent Development

• Major players such as Amcor, Berry Global, Constantia Flexibles, Mondi, and Sealed Air are focusing on integrating biodegradable and bio-derived properties in Plastic Crates solutions, which is regarded as a betting strategy for the materials and packaging market. The players are focusing on the widespread availability of high-performance films that provide end-users with greater handling convenience.

Global Plastic Crates Market Scope

The plastic crates market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Material Type

• HDPE (High-Density Poly Ethylene)
• PP (Polypropylene)
• PE (Polyethylene)
• PVC (Polyvinyl Chloride)
• Others

Application

• Agriculture
• Food and Beverage
• Pharmaceuticals
• Retail
• Industrial
• Logistics Distribution
• Others

Plastic Crates Market Regional Analysis/Insights

The plastic crates market is analysed and market size insights and trends are provided by country, type and application as referenced above.

The countries covered in the plastic crates market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the plastic crates market because of the higher concentration of prominent, rising expenditure for research and development proficiencies, increasing standard of living, growing demand for convenient handling packaging solutions, surging urbanization, and rising personal disposable income.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Plastic Crates Market Share Analysis

The plastic crates market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to plastic crates market.

Some of the major players operating in the plastic crates market are:

• WestRock Company (US)
• Smurfit Kappa (Ireland)
• International Paper (US)
• Inteplast Group (US)
• UNITED BAGS, INC (US)
• Ronpak. (US)
• El Dorado Packaging (US)
• Novolex (US)
• NOVPLASTA CZ, s.r.o (Czechia)
• PAPIER-METTLER KG (Germany)
• PackagingPro (India)
• CPS Paper Products (UK)