The global collapsible rigid containers market was valued at US$ 1.36 Billion in 2018 and is projected to expand at a CAGR of 4.9%, during the forecast period. The market for collapsible rigid containers will be boosted greatly by bulk packaging applications in a variety of end-use sectors. Consumption in the chemical industry accounts for just under 30% of overall sales volume of collapsible rigid containers, followed by food and beverages. According to FMI, automotive, agricultural, and pharmaceuticals are among the major end users of collapsible rigid containers.
According to a new intelligence report by Future Market Insights, about 120 million foldable rigid containers were sold in 2018. Volume sales of collapsible rigid containers will increase by 4% Y-o-Y in 2019 compared to 2018. While nestable and stackable containers are very popular in the world of returnable packaging containers, collapsible rigid containers have grown in popularity in recent years as they are more suitable for product storage and shipment.
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With their convenience in loading-unloading and maintenance operations, collapsible rigid containers continue to gain momentum as vital packaging solution to avoid storage issues, and reduce overhead expenses. According to the report, 100% reusability of collapsible rigid containers, which has significantly complemented productivity in transport and logistics, will continue to propel the market growth.
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.
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Key Segments Covered in the Collapsible Rigid Containers Market
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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About FMI
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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