Plastic Crates Witness High Growth Owing To Increase in Online Shopping

Plastic crates are a type of containers used for transporting and storing items. They are stackable, durable and lightweight containers that find widespread applications across industries like food and beverages, chemical, agriculture, automotive, and consumer goods. Plastic crates help reduce damage during transportation and make storage efficient.
The global plastic crates market was valued at US$ 3.78 Bn 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:

One of the key drivers for the growth of the plastic crates market is the increase in online shopping activities. There has been rapid growth in e-commerce sales over the past few years. Products ordered online need to be securely packed for shipping. Plastic crates provide effective packaging solutions as they protect products from damage during transportation. Their lightweight and high strength properties make them suitable for shipping a large number of products at one time. The growth in the e-commerce industry is expected to drive significant demand for plastic crates in the coming years.

Another factor propelling the plastic crates market growth is the need for efficient supply chain logistics. Plastic crates are extensively used across industries for storage and movement of goods within production, warehousing and distribution facilities. Their modular and nestable design allows for effective space utilization during storage and transportation. Plastic crates help streamline supply chain operations and reduce logistics costs. The growing focus of companies on optimizing supply chains will support plastic crates adoption.

SWOT Analysis

Strength: Plastic crates are lightweight, very durable, easy to clean and store, and resistant to corrosion. They provide excellent carrying capacity and can withstand heavy weights without damage. Plastic crates allow efficient loading and unloading of products due to their adjustable dividers and interlocking design.

Weakness: Frequent use of plastic crates may lead to cracking and breaking down of material over time. They also have limited recyclability as most plastic crates are made from mixed plastics.

Opportunity: Growing e-commerce sector is driving the demand for efficient logistics and packaging solutions. Plastic crates help minimize product damage during shipping and fulfill the packaging needs of online retailers. Increased focus on sustainability is pushing manufacturers to develop recyclable and reusable plastic crates.

Threats: Stringent environmental regulations around plastic waste disposal poses challenges. Alternative packaging materials like wood, metal, and cardboard crates are gaining popularity due to their recyclable properties. Volatility in raw material prices impacts the overall production cost of plastic crates.

Key Takeaways

The global Plastic Crates Market Size is expected to witness high growth. The market size stood at US$ 3.78 billion in 2024 and is projected to reach US$ 5.07 billion by 2030, registering a CAGR of 7.9% during the forecast period.
The Asia Pacific region currently dominates the global plastic crates market with a share of over 35% in 2024. China, India, Japan, and Southeast Asian countries contribute significantly to regional market growth due to rapid industrialization, manufacturing activity and evolving supply chain networks.

Key Players operating in the plastic crates market are Craemer Holding GmbH, Vaibhav Industries, Brambles Ltd, SSI Schaefer, Supreme Industries Ltd, NK Technologies. Acquisitions and partnerships have allowed leading market players to strengthen their global footprint. For instance, in 2022, Brambles acquired IFCO, a major supplier of reusable plastic containers(RPCs) for the fresh food supply chain, to consolidate its market position.

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?

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