Positioned for significant growth, the global collapsible sleeve containers market is expected to reach a valuation of US$ 4,700 million by 2023, highlighting its substantial expansion. This market demonstrates a robust trend, characterized by a notable Compound Annual Growth Rate (CAGR) of 4.36%, which is projected to persist until 2033. The sustained growth can be attributed to the versatility and efficiency of collapsible sleeve containers across various industries, meeting the evolving needs of businesses for space-saving and reusable packaging solutions. As companies increasingly prioritize logistical efficiency and sustainability, the market is poised to play a pivotal role in reshaping modern packaging practices.
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.
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Key Market Trends and Highlights:
- Rising Demand for Customization: The demand for tailored collapsible sleeve containers is increasing across various industries, including automotive, agriculture, textiles, and more. End-users are seeking customized solutions to meet specific requirements and achieve higher-quality results.
- Advantages Over Traditional Containers: Collapsible sleeve containers are gaining popularity over traditional bulk containers due to their lightweight nature, ease of folding, and resilience in extreme weather conditions. These features make them a preferred choice for industries requiring versatile and efficient packaging solutions.
- Commitment to Eco-Friendliness: Leading manufacturers are emphasizing eco-friendly designs in their collapsible sleeve containers. This reflects a broader industry commitment to sustainability and environmentally responsible packaging solutions.
- Technological Advancements: Recent innovations in collapsible sleeve container technology include the development of new pallets compatible with various palletizers, automatic strapping and banding systems, and efficient conveyors. These advancements enhance usability, increase return on investment, and reduce shipping costs.
- Food and Beverage Sector Growth: The growth of the collapsible sleeve containers market is supported by rising production and processing activities in the food and beverage industry. The sector’s demand for efficient and flexible packaging solutions is contributing to market expansion.
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.
Market Drivers:
- Cost Efficiency: Collapsible sleeve containers are often designed to be reusable and collapsible, reducing transportation and storage costs. This cost efficiency is a significant driver for businesses looking to optimize their supply chain.
- Space Utilization: Collapsible sleeve containers save space during storage and transportation, making them attractive for industries where efficient space utilization is critical. This is especially important in sectors like logistics and manufacturing.
- Sustainability: With a growing emphasis on sustainability and eco-friendly practices, collapsible sleeve containers offer a reusable alternative to traditional packaging. Companies may adopt these containers to align with environmental goals and reduce their carbon footprint.
- Customization and Innovation: Manufacturers are continually innovating to meet specific customer needs. Collapsible containers can be designed with features such as adjustable heights, different materials, and various loading capacities, making them versatile for different industries.
- Globalization and Supply Chain Optimization: In an increasingly globalized world, companies seek efficient and flexible solutions for their supply chains. Collapsible sleeve containers provide adaptability, allowing for easier integration into complex global supply chain networks.
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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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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