The returnable plastic crates market is positioned for substantial growth, with a projected value increase from USD 1.6 billion in 2022 to USD 2.4 billion by 2029, reflecting a strong compound annual growth rate (CAGR) of 5.6% between 2022 and 2029.
Returnable plastic crates offer numerous advantages over traditional packaging methods, making them a preferred choice for various industries, including food and beverage, automotive, and pharmaceuticals.
One of the key advantages of returnable plastic crates is their durability, which makes them suitable for repeated use and transportation. Their lightweight nature significantly reduces the environmental impact of logistics and transportation, making them ideal for the food and beverage sector, where efficiency and carbon emission reduction are vital. Moreover, their easy cleaning and sanitation ensure the safety and hygiene of transported goods, addressing critical concerns in industries such as food and pharmaceuticals.
The food and beverage industry heavily relies on returnable plastic crates for transporting a wide range of products, including fruits, vegetables, meat, dairy products, and alcoholic beverages like beer, wine, and soda. The automotive industry also utilizes these crates for storing and transporting car parts and components, taking advantage of their sturdiness and reusability.
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Key Takeaways:
- High-density polyethylene is projected to dominate the returnable plastic crates market, capturing over 65% of the market share by material type.
- Demand from seafood, meat & poultry, and agriculture product manufacturers is expected to contribute around 75% of the global market share, showing significant growth.
- Asia Pacific Excluding Japan is expected to lead the global market, with an impressive CAGR through 2022-2029.
- North America and Europe witness increasing use of returnable plastic crates for logistics and transportation of bulk materials
Competitive Landscape
Leading returnable plastic crates manufacturers are committed to the research and development of the product and are consistently offering innovative returnable plastic cratesba solutions targeted towards specific end use.
Companies operating in the returnable plastic crates market are aiming at product launches and expansions with other manufacturers.
- In November 2021, Craemer has launched large volume 300 litre rotary stacking container which once used can save 70 percent of space until further usage.
- In November 2021, DS Smith Plc developed a fully recyclable and reusable tray which has features such as two lateral automatic bases.
Key Players:
- Brambles Limited
- Myers Industries Inc.
- Supreme Industries Limited
- Schoeller Allibert Services B.V.
- DS Smith PLC
- Rehrig Pacific Company Inc.
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Regional Analysis:
In the U.S., the growth opportunities for the seafood and meat packaging market, including returnable plastic crates, are driven by factors such as increasing disposable income, urbanization, and a focus on healthy food. These trends lead to higher meat consumption in the country. The U.S. ranks second in terms of meat consumption according to the Organization for Economic Co-operation and Development (OECD). This creates a favorable market environment for packaging solutions like returnable plastic crates to cater to the growing demand for seafood and meat products.
In Italy, the sales of dairy products, including returnable plastic crates, are expected to be boosted by the country’s position as the second-largest exporter of cheese and dairy products. Italy has a strong presence in the global cheese market, and the rising export of these products contributes to the demand for packaging solutions like returnable plastic crates. The Italy returnable plastic crates market is projected to expand significantly, creating opportunities for the packaging of dairy products, particularly cheese.
Frequently Asked Questions (FAQ):
• What are the factors influencing the growth of the returnable plastic crates market?
• Which are the key sectors driving the returnable plastic crates market?
• Who are the major manufacturers?
• What is the biggest restraint for returnable plastic crates market?
• What will be the growth prospects of the returnable plastic crates market?
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Returnable Plastic Crates Market By Category
By Capacity :
- Less than 10 Kg
- 10 Kg to 20 Kg
- 21 Kg to 35 Kg
- 36 Kg to 50 Kg
- Above 50 Kg
By Product Type :
- Stackable
- Nestable
- Collapsible
By Material :
- High Density Polyethylene (HDPE)
- Polypropylene (PP)
- Others
By Application :
- Agriculture
- Grocery
- Dairy
- Bakery
- Seafood & Meat
- Others
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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