The global collapsible rigid containers market is poised for substantial growth, with a projected market valuation of US$ 1.70 billion in 2023 and an anticipated Compound Annual Growth Rate (CAGR) of 4.9% between 2023 and 2033, ultimately reaching around US$ 2.74 billion by 2033.
This market’s robust revenues are expected to be concentrated in the top three countries, which are estimated to collectively hold 35-40% of the global market share. Notably, plastic collapsible rigid containers are set to dominate the market by material type, accounting for around 80% of the market share by 2032. This dominance is attributed to the numerous advantages offered by plastic collapsible rigid containers, including high strength, lightweight design, durability, and efficient folding and stacking capabilities.
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The growth of the collapsible rigid containers market can be attributed to its increasing popularity as a preferred packaging solution, driven by the imperative focus on supply chain efficiency and sustainability across industries. The rising adoption of automation in various sectors is a significant driver, as these containers are well-suited for automated material handling systems due to their uniform dimensions and ease of handling by robots and other automated equipment.
Collapsible rigid containers have emerged as indispensable packaging solutions for material transportation, storage optimization, and cost reduction. They are constructed from a variety of materials, including metal, plastic, and wood, and are known for their lightweight nature, durability, and reusability, making them ideal for transporting various materials without incurring damage.
One of the key advantages is their collapsibility, allowing for efficient space utilization post-transport. The growing demand for bulk packaging solutions across diverse industries is expected to propel the sales of collapsible rigid containers during the forecast period. As businesses increasingly prioritize efficiency and sustainability in their operations, these containers are poised to play a pivotal role in modern supply chains and logistics.
Demand for Foldable IBCs to Gain Uptick, Plastic Most Preferred Material Choice
Light weight, easy handling, and economic costs remain the key demand determining attributes of crates in collapsible rigid containers market. Crates continue to remain preferred collapsible rigid containers, with sales driven by their innate & unparalleled competency to other variants in terms of cost, handling, and lightweight. According to the study, crates currently account for over 80% of overall collapsible rigid container sales.
The report opines that foldable IBCs will witness healthy demand growth, attributed to their space and cost efficiency, convenient handling, and environmental suitability for bulk packaging of hazardous and non-hazardous fluids. As the demand for cost effective bulk packaging continues to rise, a higher Y-o-Y growth is projected for foldable IBCs in 2019.
Over 90% of collapsible rigid containers sold are made of plastic, whereas metal and other materials such as wood account for the remaining volume of sales. Although multiple advantages associated with plastic containers continue to reign supreme over those offered by wooden or corrugated box containers, popularity of non-plastics is visibly growing over the recent past. The global sustainable drive is pushing use of raw materials other than plastic, which is translating into increasing preference for wooden collapsible rigid containers in coming years.
Global collapsible rigid containers market is a highly fragmented landscape and most of the prominent players are maintaining their strategic focus on mergers and acquisitions. Schoeller Arca System (SAS) accomplished a merger with an Indian polymer manufacturer, Time Technoplast Ltd., (TTL). The newly formed collaboration is named Schoeller Arca Time Materials Handling Solutions.
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Some companies are also prioritizing new product launches in the collapsible rigid containers market. Cherry’s Industrial Equipment announced the expansion targeting the innovation of a new collapsible rigid containers variant, i.e. wire mesh collapsible rigid containers.
Supported by EFSA (European Food Safety Authority), the European giant in returnable plastic packaging landscape, Schoeller Allibert Services B.V. is firming up the sustainable footprint in collapsible rigid containers market. To curtail the levels of conventional packaging waste and concentrate on green branding, the company is directly involved in providing end-to-end assistance for re-using and recycling of returnable plastic materials.
FMI’s report also sheds light on the strategic profiles of several other players active in collapsible rigid containers market, such as Brambles Limited, Supreme Industries Limited, DS Smith Plastics Ltd., SSI Schäfer AG, ORBIS Corporation, Dynawest Limited, Ac Buckhorn LLC, Myers Industries, Inc., Rehrig Pacific Company, Inc., Bulk Handling Australia Group Pty Ltd., A. R. Arena Products Inc., Dalian CIMC Logistics Equipment Co., Ltd., and TPS Rental Systems Ltd. among others.
Key Segments:
By Product Type
- Crates
- Pallet Boxes
- Folding IBCs
By Material
- Metal
- Plastic
- Others (wood, etc.)
By Sales
- Indirect
- Direct
By End Use
- Automobile
- Pharmaceuticals
- Chemicals
- Agriculture
- Food & Beverages
- Shipping & Logistics
- Other Manufacturing (Apparel & Textile, etc.)
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Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
Ismail is a regular at industry conferences and expos and has been widely covered in electronic and print media. He is a Speaker at our upcoming Talk show – Rise of the Intelligent Packaging. Ismail has been quoted in leading publications, including the European Pharmaceutical Review and the European Adhesive Tape Association.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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