The global collapsible sleeve containers market is on the brink of reaching a substantial valuation, projected to reach US$ 4,700 million by 2023. This growth is primarily driven by the burgeoning interest and insights surrounding the collapsible sleeve containers market. This trend is expected to open doors to new opportunities within the market, with a projected CAGR of 4.36% from 2023 to 2033. By 2033, the market is poised to soar to an estimated total valuation of around US$ 7,200 million.
Collapsible sleeve containers, often referred to as versatile packaging options, are revolutionizing the storage and transportation processes across various industries, including construction, agriculture, chemicals, food and beverage, pharmaceuticals, textiles, engineering, and automotive sectors. These containers offer an ingenious solution to protect delicate and vulnerable products while optimizing space during storage and transit.
In the United States, the collapsible sleeve containers market thrives on a robust manufacturing base, particularly in sectors such as confectioneries and carbonated soft drinks. The well-established food and beverage industry in the country, coupled with a demand for flexible packaging solutions, is poised to drive growth in the collapsible sleeve containers market during the forecast period. The United States benefits from a strong industrial foundation, and the demand for collapsible sleeve containers reflects the adaptability of the packaging industry to the needs of the flourishing manufacturing sector.
Meanwhile, in Germany, the demand for packaged food products experiences a substantial surge due to growing urbanization and increasing disposable incomes. The shift in consumer preferences toward convenience and ready-to-eat meals in urban areas, like Germany, fuels the need for efficient and reliable packaging solutions, contributing to the growth of the collapsible sleeve containers market in the region.
Click to Request Sample Report and Drive Impactful Decisions: https://www.futuremarketinsights.com/reports/sample/rep-gb-12892
One of the primary driving forces behind the anticipated growth of the collapsible sleeve containers market is the inherent collapsible nature of these products. This feature not only reduces shipping costs but also enhances convenience and ensures a higher return on investment. In an era where cost-efficiency and resource optimization are paramount, collapsible sleeve containers have become indispensable tools for businesses seeking sustainable packaging solutions.
The disruptions experienced by industries such as chemicals, construction, and automotive have accelerated the adoption of collapsible sleeve containers. These industries often deal with sensitive and bulky products, making collapsible containers an ideal choice for efficient storage and transportation, safeguarding products from damage, and ensuring their integrity throughout the supply chain.
The expanding food and beverage production and processing sector is another significant driver bolstering the growth of the collapsible sleeve containers market. As the demand for packaged food products continues to rise, so does the need for effective and space-saving packaging solutions. Collapsible sleeve containers provide an elegant solution by offering both protection and flexibility, catering to the dynamic needs of this industry.
Key Takeaways from the Market Study
- The market valuation in 2022 was US$ 4,550 million.
- Based on end-use, food & beverage is expected to dominate at a market share of 57% by 2033.
- Based on pallet type, block pallets will register at a market share of 43.28% by 2033.
- The collapsible sleeve containers market size expanded at 2.95% CAGR between 2018 and 2022.
- India is estimated to reach US$ 1,720 million and expand at a market share of 23.2% in 2022.
- Japan will experience significant growth, with a current valuation of US$ 846 million and a projected value share of 10.2%.
“The availability of plastic pallet containers with food quality certification ensures compliance with safety and hygiene standards and is considered one of the major drivers of the collapsible sleeve containers market,” comments a Future Market Insights analyst.
Competitive Landscape
The collapsible sleeve containers industry consists of a consequential number of market players. Research and development are one of them that is mainly used for the introduction of environmentally friendly product lines from the core aspect of these manufacturers.
In addition to that, other expansion strategies, inclusive of collaborations, mergers and acquisitions, and exploration of regulatory approvals, are also relied upon. Some of the new developments are-
- In November 2022, Schoeller Allibert, a leading manufacturer of sustainable returnable packaging for the logistics industry, shared its perspective on the trends that are set to shape logistics and warehousing.
- In February 2022, Bayer highlights advancements in the agriculture industry’s most prolific R&D pipeline.
Request Customization: https://www.futuremarketinsights.com/customization-available/rep-gb-12892
Key Companies Profiled
- DS Smith Plc.
- Schoeller Allibert Services B.V.
- Corn-Pearl North America Inc.
- Rehrig Pacific Company, Inc.
- TranPak, Inc.
- RPP Containers
- Sohner Plastics LLC, Shuert Technologies, LLC
- CABKA Group, Buckhorn Inc.
- Reusable Transport Packaging Inc.
- Prairie Plastics Holdings LLC
- Ribawood S.A.
- Qingdao CNplast Co., Ltd.
- Enlightening Pallet Industry Co., Ltd.
More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global collapsible sleeve containers market providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the collapsible sleeve containers market is segmented based on major by Box Type: (48x40x30”), (48x40x34”), (48x40x45”), Pallet Type: (Block Pallet, Stringer Pallet, Customized Pallet), End-use: (Agriculture & Allied Industries, Building & Construction, Chemical & Pharmaceuticals, Food & Beverages, Engineering Products, Textile & Handicrafts, Automotive, Others), and by region: (North America, Latin America, Eastern Europe, Western Europe, Asia Pacific excluding China & Japan, Japan, China, Middle East & Africa)
Ready to Dive Deeper? Request Our Comprehensive Report Methodology Now: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-12892
Key Segments Covered in Collapsible Sleeve Containers Industry Research
Box Type:
- 48x40x30
- 48x40x34
- 48x40x45
Pallet Type:
- Block Pallet
- Stringer Pallet
- Customized Pallet
End-use:
- Agriculture & Allied Industries
- Building & Construction
- Chemical & Pharmaceuticals
- Food & Beverages
- Engineering Products
- Textile & Handicrafts
- Automotive
- Others
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- The Middle East & Africa
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.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube