The global market for collapsible sleeve containers is on the verge of a significant upswing, with a projected valuation set to reach US$ 4,700 million by 2023. This surge is propelled by escalating interest and insights surrounding the versatility of collapsible sleeve containers, presenting new avenues for market growth with an expected Compound Annual Growth Rate (CAGR) of 4.36% from 2023 to 2033. By 2033, the market is forecasted to skyrocket to an estimated total valuation of approximately US$ 7,200 million.
Widely recognized as adaptable packaging solutions, collapsible sleeve containers are transforming storage and transportation practices across diverse industries, including construction, agriculture, chemicals, food and beverage, pharmaceuticals, textiles, engineering, and automotive sectors. These containers provide an innovative remedy for safeguarding delicate products while optimizing storage and transit space.
In the United States, the collapsible sleeve containers market flourishes, particularly in sectors like confectioneries and carbonated soft drinks, owing to a robust manufacturing base. The country’s well-established food and beverage industry, coupled with a growing preference for flexible packaging solutions, is expected to fuel the expansion of the collapsible sleeve containers market throughout the forecast period. Leveraging a sturdy industrial foundation, the United States demonstrates the adaptability of the packaging industry to meet the evolving needs of a thriving manufacturing sector.
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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.
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.
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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.
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.
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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.
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