April 18, 2024
Plastic Crates Market

Plastic Crates Market Is Expected to Be Propelled by the Rising Demand from Food and Beverage Industry

Plastic crates are stackable and reusable plastic containers used widely in the food and beverage packaging sector. They find applications in the transportation and storage of products such as eggs, bottles, fruit, and vegetables. Plastic crates are durable, corrosion resistant, lightweight, and offer good insulation. Major players are offering versatile plastic crates catering to specific needs such as sturdy stacking, improved ventilation, and customized shapes and sizes.

The global plastic crates market was valued at US$ 3.78 billion in 2024 and is expected to exhibit a CAGR of 7.9% over the forecast period 2023 to 2030, as highlighted in a new report published by CoherentMI.

Market Dynamics

Rising demand from food and beverage industry: The increasing demand for plastic crates from food and beverages packaging sector is expected to be a major market driver. Plastic crates provide cost-effective and efficient solution for transportation and storage of food products. They are lightweight, durable and affordable. With increasing global food trade and changing consumer preference towards packaged and processed food, plastic crates demand is anticipated to rise significantly over the forecast period.

Another key driver is the growing food service industry. Expanding fast food chains, restaurants, cafes and takeaways are significantly driving the usage of plastic crates for transportation and storage of various ingredients, raw materials and finished food products. Recent development of organized retail sector especially in developing nations has also augmented the demand.

Segment Analysis

The global plastic crates market is dominated by the molded plastic segment, which accounts for nearly 70% share of the overall market. Molded plastic crates are durable, lightweight and resistant to impact as compared to other crates. They can withstand harsh environments and temperature variations while in storage and transit. Their leakproof and waterproof nature makes them suitable for the transportation of various goods ranging from fruits and vegetables to industrial components.

PEST Analysis

Political: Regulations around the use of plastics can impact the market. However, plastic crates have advantages over other materials in terms of durability and sustainability.

Economic: As the global economy grows, demand for packaging and transportation of goods rises, benefiting the market. Lower manufacturing costs of plastic crates also support their adoption.

Social
: Plastic crates help reduce contamination during transportation of food and other products. Their robust yet lightweight design enables easier handling.

Technological: Advances in plastic molding technologies have enhanced product quality while optimizing material usage. RFID and barcode integration in crates facilitates inventory tracking.

Key Takeaways

The global Plastic Crates Market Size is expected to witness high growth during the forecast period of 2023 to 2030, propelled by rising industrial and agricultural activities worldwide. The global plastic crates market was valued at US$ 3.78 billion in 2024 and is expected to exhibit a CAGR of 7.9% over the forecast period 2023 to 2030.

Regional Analysis

The Asia Pacific holds the largest share of over 40% of the global plastic crates market owing to a strong manufacturing base and developed agriculture sector in the region. China, with its large industrial and export volumes, is a major consumer of plastic crates in Asia Pacific. Rapid infrastructure growth, rising disposable incomes, and improving logistics are bolstering market growth in developing nations of Southeast Asia and India.

Key Players
Key players operating in the plastic crates market are Craemer Holding GmbH, Vaibhav Industries, Brite, SSI Schaefer, SUPARSEMI, ANE, Diversity Foods, iCraft, Sino Holdings, and Shanghai Join Plastic Products. Craemer Holding GmbH is one of the leading suppliers with a presence in over 40 countries globally.

Objectives of the Report:

1) Investigate and forecast the value and volume of the Plastic Crates market.

2) Estimate market shares for major Plastic Crates segments.

3) To demonstrate how the market for Plastic Crates is evolving in various parts of the world.

4) Research and analyze micro markets in terms of their contributions to the Plastic Crates market, as well as their prospects and individual growth patterns.

5) To provide precise and useful information on the factors influencing the rise of Plastic Crates.

6) To provide an in-depth analysis of key business strategies used by major companies in the Plastic Crates market, such as R&D, collaborations, agreements, partnerships, acquisitions, mergers, new product launches, and acquisitions, mergers, and acquisitions.

FAQ’s

Q.1 What are the main factors influencing the Plastic Crates market?

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 Market companies compare in terms of sales, revenue, and prices?

Q.5 Which businesses serve as the Plastic Crates market’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: CoherentMI, Public sources, Desk research
2.       We have leveraged AI tools to mine information and compile it