by Plastic crates are lightweight storage containers made from polyethylene or polypropylene plastics which provide excellent durability and moisture resistance. They are extensively used for securely transporting fresh fruits and vegetables from farms to warehouses and retailers. The stackable and nestable design of plastic crates ensures efficient storage and handling. Their reusable nature and customizable dimensions help reduce packaging waste.
The Plastic Crates are economical to manufacture compared to their wooden counterparts and can withstand varied climatic conditions while preserving the quality of perishable items during transit.
The Global Plastic Crates Market is estimated to be valued at US$ 3.78 Bn in 2024 and is expected to exhibit a CAGR of 7.9% over the forecast period 2024-2030.
Growing trade of fruits and vegetables due to rising urbanization and changing dietary patterns is fueling the demand for plastic crates for packaging and distribution globally.
Key Takeaways
Key players operating in the Plastic Crates market are Craemer Holding GmbH, Vaibhav Industries, Brambles Limited, Supreme Industries Limited, Nefab Group, Myers Industries, Allibert Group, DS Smith Plc, Rehrig Pacific Company, TranPak Inc, Schoeller Allibert, Buckhorn, USA Plastic Molders, Plastic Emballages, and WestRock Company.
The growing demand for fresh produce packaging from developing nations is driving the plastic crates market. Rapid urbanization and rising disposable incomes are increasing fruit and vegetable consumption in countries like China, India boosting market growth.
Major plastic crate manufacturers are expanding their production facilities globally to cater to the growing international trade of horticultural commodities. Brambles established three new plants in Australia, Spain, and the United States in 2021 for manufacturing reusable plastic containers.
Market Key Trends
Migration towards sustainable packaging solutions is one of the key plastic crate market trends. Manufacturers are developing recyclable multi-trip plastic crates made from renewable resources to reduce environmental footprint. Craemer focuses on using post-consumer recycled plastics for crate production. Standardization of plastic crate dimensions under the European Pallet Association’s regulations ensures interchangeability across supply chains.
Porter’s Analysis
Threat Of New Entrants: New entrants face high production and transportation costs to deliver crates at competitive rates.
Bargaining Power Of Buyers: Buyers have moderate bargaining power due to many substitutes available in the market.
Bargaining Power Of Suppliers: Suppliers have limited power as raw materials like plastic are commoditized and available from multiple sources worldwide.
Threat Of New Substitutes: Substitutes like cardboard and wood crates pose threats, though plastics offer advantages of durability and weight.
Competitive Rivalry: Intense competition exists between established players due to low product differentiation.
Geographical Regions
North America accounts for the largest share in the global plastic crates market, both in terms of value and volume. Countries like the U.S. and Canada generate high demand from industries such as food and beverages, chemical and pharmaceutical. Asia Pacific region is poised to witness fastest growth owing to rising economies, growing middle class and rapid industrialization in China, India and other Southeast Asian countries.
The Asia Pacific region is projected to witness the fastest growth in the plastic crates market during the forecast period. This is attributed to rapid economic development and growing industrial and infrastructure activities in emerging nations such as China and India. Rising disposable incomes have bolstered consumption of packaged food and beverages in the region, driving demand for plastic crates from the food and beverage industry. China dominates Asia Pacific in plastic crate production and consumption on account of its huge population size and manufacturing landscape.
What Are The Key Data Covered In This Plastic Crates Market Report?
:- Market CAGR throughout the predicted period
:- Comprehensive information on the aspects that will drive the Plastic Crates’s growth between 2024 and 2031.
:- Accurate calculation of the size of the Plastic Crates and its contribution to the market, with emphasis on the parent market
:- Realistic forecasts of future trends and changes in consumer behaviour
:- Plastic Crates Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa
:- A complete examination of the market’s competitive landscape, as well as extensive information on vendors
:- Detailed examination of the factors that will impede the expansion of Plastic Crates vendors
FAQ’s
Q.1 What are the main factors influencing the Plastic Crates?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top Plastic Crates companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Plastic Crates’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
About Author - Ravina Pandya
Ravina Pandya,a content writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemicals and materials, etc. With an MBA in E-commerce, she has expertise in SEO-optimized content that resonates with industry professionals. LinkedIn Profile
