A recent market analysis reveals that the foldable container market is estimated to reach US$ 1.5 billion in 2024 and is projected to grow to US$ 2.0 billion by 2034, reflecting a compound annual growth rate (CAGR) of 3.50%. This growth is driven by the rising demand for sustainable and eco-friendly storage solutions, particularly within the shipping and logistics sectors.
Market Consumption Analysis
The popularity of foldable containers made from plastic, wood, and metal continues to rise as they offer volume savings and cost reductions for packaging various goods. The following trends highlight the factors contributing to the growth of this market:
- Rising Demand for Frozen and Refrigerated Products: The adoption of foldable containers is increasingly favored for transporting frozen and refrigerated foods and beverages, especially in rapidly urbanizing regions like China and India.
- Technological Advancements: Manufacturers are enhancing their product offerings by developing sustainable, anti-scratch packaging solutions and innovative materials aimed at economical bulk packaging containers.
- Diverse Applications: The foldable container sector is witnessing a surge in demand due to applications in agricultural storage, industrial storage, and goods transportation.
Key Trends Influencing Market Growth
- Omni-Channel Trade Demand:
- Manufacturing industries are seeking foldable storage containers for space efficiency and cost-effectiveness. The rise of omni-channel shipping emphasizes the need for collapsible containers across various sectors, reflecting their strength and durability.
- Sustainability Focus:
- Foldable containers made from materials like high-density polyethylene and polypropylene are being promoted for their ability to reduce packaging waste and environmental impact compared to traditional disposable packaging. The e-commerce industry is expected to generate significant demand for eco-friendly collapsible containers due to their ease of assembly and disassembly.
- Emerging Trends in Housing:
- The trend of using foldable containers as housing solutions is gaining momentum. Millennials and Gen-Z are transforming collapsible containers into tiny homes, meeting the rising demand for eco-friendly housing options, remote living, and temporary disaster relief shelters.
Also, foldable containers can reduce the required space and cost of transportation. In the past few years, international trade has increased significantly and the high volume of goods is projected to push the need for foldable & collapsible containers. Thus, intermodal transportation is anticipated to create profitable growth prospects for manufacturers of foldable containers.
Storage is viewed as one of the most precious firm resources and is set to play a critical role in industrial or commercial warehouses. Additionally, space can be added to the expensive amount.
Storage space is expensive, and making use of that essential space profitably leads to additional savings. This feature is offered by foldable containers and the factor is anticipated to propel the global market.
Foldable container can also meet the need for items that may increase storage capacity that shipping and storage managers are continuously seeking. Thus, need for cost and space-effective storage containers are projected to boost the demand for foldable containers.
Key Takeaways from Foldable Container Market
- By material, the plastic foldable container segment is projected to hold around 68% of the market value share by the end of 2033.
- By product type, the crates segment is anticipated to grow 1.8 times the current market value during 2023-2033.
- Based on end use, the shipping & logistics segment is projected to expand at a CAGR of 5.0% during the forecast period.
- The market for foldable containers in China is projected to expand at a CAGR of 5.5% in the next ten years.
- The foldable containers market is set to exhibit a positive growth rate by expanding 1.6 times the current value during the forecast period.
“Increasing demand for foldable containers in consumer goods, building & construction, chemical & fertilizer, pharmaceutical, and food & beverage industries is projected to drive the market. In addition, foldable containers are highly durable in nature, which would push their adoption among e-commerce companies.” – says an FMI analyst.
Expanding Agriculture Sector and Surging Demand for Fresh Food to Boost Sales of Foldable Containers
Foldable containers have huge applications in the fresh foods industry. Many retailers and shopkeepers use plastic containers to store and ship fruits & vegetables. Small vendors are using these reusable containers for keeping fresh fruits & vegetables. Traditional containers used to create shipping and storage problems by taking up unnecessary space. Implementation of foldable containers would ease the problem and would help keep the cost low.
The agriculture sector is set to extensively use foldable containers for storage, as well as for the shipping of various agricultural products. When not in use, these containers can be stored in warehouses with minimum space. The constantly growing demand for fresh foods & vegetables and expansion of the organic agriculture sector are estimated to surge the demand for folding containers in the global market.
Competition Landscape: Foldable Container Market
Monoflo International, Schoeller Allibert Services B.V., DS Smith Plc, Steel King Industries, Inc., Sintex Group, IPL Plactics Inc., Tripak Solutions, and Myers Industries, Inc. are a few key players operating in the global foldable container market. Also, some of the other noticeable players in the market include Dolav UK Limited, Bekuplast GmbH, Intech Worldwide GmbH, Fletcher European, Corplex UK, Enco Plastic Limited, KTP Kunststoff Palettentechnik GmbH, Nilkamal Material Handling, NPP Group Limited, AUER PACKAGING, Transoplast Group, and others.
Get Exclusive Insights into the Foldable Container Market Report
Future Market Insights, in its new report, offers an unbiased and thorough analysis of the global foldable container market, analyzing historical demand from 2018-2022 and forecast statistics for 2023-2033. The study reveals market growth projections for the foldable container market based on the material (plastic, metal, paperboard), product type (boxes & cartons, crates, jerry cans, pallet boxes, and IBC), and end use (food & beverage, pharmaceutical, chemical & fertilizer, building & construction, shipping & logistics, and other consumer goods) across seven regions.
Access Full Report: https://www.futuremarketinsights.com/reports/foldable-container-market
Foldable Container Market Outlook by Category
By Material:
- Plastic
- Metal
- Paperboard
By Product Type:
- Boxes & Cartons
- Crates
- Jerry Cans
- Pallet Boxes
- IBC
By End Use:
- Food & Beverage
- Pharmaceutical
- Chemical & Fertilizer
- Building & Construction
- Shipping & Logistics
- Other Consumer Goods
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