Nestable crates are expected to be dominant in the returnable plastic crates market, capturing around half of the market share over the forecast years. The stackable nature of these crates enables users to make efficient use of floor area. Lightweight, easy handling, and economical cost are other attributes that make nestable crates the preferred choice among end users.
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The returnable plastic crates market is expected to witness a growth rate of 5.5% throughout the forecast period (2019-2029), with demand continuing to grow due to their easy availability and comparative lower cost.
Manufacturers of returnable plastic crates can gain significant profits by targeting vertical farming manufacturers and catering to the increasing demand for packaging from the dairy industry.
Key Takeaways of Returnable Plastic Crates Market Study
- By material type, high density polyethylene is anticipated to be a key segment in returnable plastic crates market, and is projected to capture more than 65% of the market share during the forecast period.
- Demand from manufacturers of seafood, meat & poultry, and agriculture products is collectively expected to capture around 75% of the global returnable plastic crates market share, with its absolute growth expected to be more than any other segment.
- Asia Pacific Excluding Japan is expected to dominate the global returnable plastic crates market, and is expected to witness an impressive CAGR through 2019-2029.
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Increasing Use of RPCs for Logistics and Transportation of Bulk Materials in North America and Europe
Rapid adoption of returnable plastic crates in the mature markets of North America and Europe for the bulk packaging of fresh produce, dairy, bakery, seafood, meat, and grocery is largely driven by consumer and market demand for high quality products. Moreover, the large number of manufacturers and distributors of returnable plastic crates in these regions boosts market growth. Manufacturers supply large volumes of returnable plastic crates and containers to meet the global demand for effective storage solutions, and to be a part of this rapidly growing market. Additionally, returnable plastic crates are also available in various dimensions, and custom colours and logo designs, which attracts customer towards products in supermarkets and hypermarkets. Availability of better logistics and supply chains management for the fast growing packaged food and FMCG sectors offers lucrative opportunities for the returnable plastic crates market in these regions.
- One of the global providers of returnable plastic crates, Brambles Ltd., claims that it owns around 330 million pallets, crates, and containers, with over 750 service centers across the globe.
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