Collapsible Sleeve Containers Market

2020 Analysis and Review: Collapsible Sleeve Containers Market by Pallet Type – Block, Stringer, Customized for 2020-2030

About the Report

With the impact of the COVID-19 pandemic, the global collapsible sleeve container market is expected to reflect a moderate decline, primarily driven by disruptions to activities across the construction, chemical and automotive industries respectively. Demand is likely to remain steady increasing across food and beverage production and processing with increased focus over space-efficiency in terms of logistics. It is in this context that a holistic coverage of the market has been undertaken by ESOMAR-certified market research firm, Future Market Insights (FMI).

Introduction

As tech advancement continues to play key role in the development of the global packaging landscape, manufacturers are pushing for novel, sustainable, anti-scratch packaging solutions and material innovations to design economical, bulk shipping containers. The market is poised to expand at a value CAGR of 4.6% through 2030, reaching US$ 7.2 Bn.

Changes in Urban Consumer Packaging Preferences

The growth of the collapsible sleeve packs market can be largely attributed to rising demand for frozen and refrigerated foods and beverages, especially in expanding urban regions in emerging economies.

Leading countries such as China and India are also primarily reliant on their agrarian economies, which drives up potential applications in the agriculture and allied sectors.

The frozen foods market of India for instance is projected to reflect a 17% annual growth rate in the coming decade. Also, significant imports of meats from North America to China accounted for more than a 20% increase in 2020 over that of 2019 as per the US Meat Export Federation.

Cost Benefits to Warehousing Drives Demand

Warehousing is a largely space intensive sector. Costs are largely tied to the efficient utilization of the space available in a facility. Collapsible sleeve containers are durable packaging options at enable easy stacking and storage processes when not being used. Also, these containers are gaining popularity for their reusable characteristics and are ideal for rough shipping and handling conditions.

The collapsible nature of these products, reduces shipping costs, and provide greater ease of use, with higher return on investment. Manufacturers in the industry are focused on expanding their portfolios to meet increasingly customized needs of end users. DACO for instance unveiled their Buckhorn range of collapsible sleeve containers in heights ranging from 25 to 34”.

Sustainable Packaging Innovations Drive Demand

Plastic-based collapsible sleeve containers are popular for collapsible solutions for bulk packaging and material handling applications, owing to improvements to recyclability, durability, and lower costs of production. However, environmental concerns remain an issue and manufacturers are pushing for research and development towards sustainable material alternatives.

For instance, Orbis Corp. has revealed PlastiCorr, a sustainable alternative to conventional corrugated boxes, aimed toward automated packaging lines for food and CPG applications. Universal Package has also unveiled Sleeve Pack, which are produced in 2 variants corrugated polypropylene and heavy-duty corrugated paper.

Key Challenges

While collapsible sleeve containers offer numerous benefits to end users, there are a number of challenges which could hurt future growth prospects of the market. One such issue is the high level of competition from other conventional, rigid, bulk packaging solutions. Also, high capital is required for production and development facilities which could limit profit margins.

Furthermore, environmental concerns over the use of plastic pallet containers as a widely used raw material is hinderance to the market. Furthermore, the lack of consumer awareness about the benefits of such packaging solutions are limiting adoption. 

Region-wise Analysis

East Asia Collapsible Sleeve Container Market

The collapsible sleeve container market across East Asia is expected to expand at a CAGR of 5.7% through 2030. Higher sales can be attributed to relatively lower production costs and pricing.

Following the COVID-19 outbreak, sales of collapsible sleeve containers are expected to drop by around 0.2% during 2020. Reduced demand in construction, engineering, and automotive end use sectors are likely to hurt short term growth prospects. Revenues are likely to recover towards 2022.

The Chinese market is expected to hold over 70% of the market share through the forecast period. The country is also the fastest growing market in the region, and is likely to eat into the share of Japan and South Korea in the years ahead.

Private consumption accounted for over 76% of the GDP in 2018, as compared to over 55% in 2015. 70% of the global packaging industry turnover comes from emerging countries, with China accounting for more than 10%.

Europe Collapsible Sleeve Container Market

Europe is another lucrative market for collapsible sleeve packaging formats. The European market is projected to decline in the near future falling below 18.5% by the end of the forecast period, owing to a higher price benchmarking.

In 2020, the Europe food packaging market will reach over US$ 3.7 Bn. Sustainable packaging efforts with new materials and components are gaining traction. Smurfit Kappa, for instance, developed 100% recyclable paper pallets in 2020, while BIOhof collaborated with Mondi for collapsible packaging solutions for fresh products.

France, UK and Germany are expected to remain the frontrunners in the global market in Europe. Despite the pandemic crisis of 2020, European collapsible packaging sector reflected largely stable demand. For instance, revenue from the global food and beverage sector rose from nearly 130 billion in 2018 to around 240 billion in 2020.

South Asia Collapsible Sleeve Container Market

South Asia is projected to emerge as the fastest growing collapsible sleeve containers market, owing to extensive application across a range of key end use industries. The market surpassed US$ 490 Mn in 2019.

India is a prominent country for collapsible sleeve container manufacturers, especially due to growing sales for varied food and consumer products such as cosmetics, automotive and pharmaceutical products.

According to the India Brand Equity Foundation, the Indian collapsible sleeve container industry is projected to reflect around 3% of the global market share. Approximately 50% of the packaging materials are plastic for the various components of collapsible sleeve containers in the region.

Category-wise Insights

Higher Preference for 48x40x30” Boxes

In terms of box type, the collapsible sleeve container market is segmented into 48x40x30”, 48x40x34”, and 48x40x45”. Of these dimensions, the 48x40x30” variants are projected to hold a larger market share of over 45% through the forecast period.

48x40x45”, are reflecting a higher growth rate, expanding at over 5.5% Y-o-Y growth rate by 2030-end. The relatively lower costs of the 48x40x30” boxes is the key factor that is likely to drive demand in the years ahead.

Block Pallets are Highly Sought After

By pallet type, block pallets are set to remain the most extensively used segment for collapsible sleeve packaging formats, reaching over US$ 3.2 Bn by 2020-end. This is attributed to their higher load lifting capacity for air and road transport.

In recent years, customized pallets are garnering increased attention, and are more likely to retain their popularity even during the covid-19 pandemic. Amongst all metals, customized variants are likely to gain ground with the demand for cost and space effective rigid packaging solutions.

Food & Beverage Applications Drive Revenue

By end use, food and beverages are expected to hold the lion’s share of the market, generating over 32% of the global revenue by 2030-end. Demand is particularly increasing due to demand from food processors and the easy availability of food quality certification for plastic raw materials.

Also, agriculture and allied industries are expected to reflect higher growth rates. Increasing investments being made by governments towards warehousing for grain and other perishables is likely to aid adoption in the long term.

Competitive Landscape

The collapsible sleeve container market is moderately fragmented, owing to the presence of numerous small-scale players in the industry. Top manufacturers of collapsible sleeve containers have been focused on investments into product development and launch endeavors in addition to geographic expansion strategies to strengthen market positions.

Orbis Corp. for instance, revealed a range of sustainable packaging solutions with a number of reusable packaging solutions including OpteBulk, - a cost-effective collapsible bulk container which comprises a pallet, sleeve, top cap with custom designed plastic corrugated materials.

EconCore revealed its new honeycomb core materials aimed towards collapsible sleeve packaging solutions with an areal density of 3000 g/m2 for automotive OEMs, who seek safe solutions for the internal transport of parts. The new design allows for substantial improvements in compression strength in comparison to conventional cup-type cores.

Goplasticpallets.com has unveiled a new collapsible, low-weight pallet box to its portfolio - GoBox 1210 K PAC. It comprises plastic sealed sleeves, nestable pallet base, and secure lid, and weighs around 15 kgs less than alternative products in the market. The product is aimed towards retail, engineering, and pharmaceutical applications.

Aside from these market participants, other leading players in the market include:

  • DS Smith Plc
  • Schoeller Allibert Services B.V.
  • Corn-Pearl North America Inc.
  • Rehrig Pacific Company Inc.
  • TranPak Inc.
  • RPP Containers
  • Sohner Plastics LLC
  • Shuert Technologies LLC
  • CABKA Group
  • Buckhorn Inc.
  • Reusable Transport Packaging Inc.
  • Prairie Plastic Holdings LLC
  • Ribawood S.A.
  • Qingdao CNplast Co. Ltd.
  • Enlightening Pallet Industry Co. Ltd.

The list is only indicative – full list of collapsible sleeve containers market key players is available upon request.

Collapsible Sleeve Containers Market Report: Scope

Attribute

Details

Forecast Period

2020-2030

Historical Data Available for

2015-2019

Market Analysis

US$ Million for value, 000’ Units for Volume

Key Regions Covered

North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa (MEA)

Key Countries Covered

US, Canada, Brazil, Mexico, Argentina, Germany, U.K., France, Italy, Spain, BENELUX, Nordics, Russia, Poland, China, Japan, South Korea, India, Indonesia, Malaysia, Thailand, Australia, New Zealand, GCC Countries, Turkey, Northern Africa, South Africa

Key Segments Covered

Box Type, Pallet Type, End Use, and Region

Key Companies Profiled

DS Smith plc, Schoeller Allibert Services B.V., Corn-Pearl North America Inc., Rehrig Pacific Company Inc., TranPak Inc., RPP Containers, Sohner Plastics LLC, Schuert Tectnologies LLC, CABKA Group, Buckhorn Inc., Reusable Transport Packaging Inc., Prairie Plastics Holdings LLC, Ribawood S.A., Qingdao CNplast Co. Ltd., and Enlightening Pallet Industry Co. Ltd. (only indicative list)

Report Coverage

Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Key Questions Answered by the Report

  • What is the size of the collapsible sleeve containers market?

    The global collapsible sleeve containers market surpassed US$ 4.6 billion in 2019. The collapsible sleeve containers market is expected to rise at a moderate 4.6% CAGR between 2020 and 2030.

  • Which is the largest market for collapsible sleeve containers?

    East Asia is projected to remain the largest market for collapsible sleeve containers during the forecast period, owing to higher penetration of agriculture, food, and chemical end use industries.

  • Which are the top companies in global collapsible sleeve containers market?

    DS Smith plc, Schoeller Allibert Services B.V., Corn-Pearl North America Inc., Rehrig Pacific Company Inc., TranPak Inc., RPP Containers, Sohner Plastics LLC, Schuert Tectnologies LLC, CABKA Group, Buckhorn Inc., Reusable Transport Packaging Inc., are some of the more prominent market leaders in the collapsible sleeve containers market.

  • What are the applications of collapsible sleeve containers?

    Collapsible sleeve containers largely play roles in of packaging solutions to handle the storage of products that are easily damaged in the agriculture, construction, chemicals, pharmaceuticals, food & beverage, engineering, textiles, and automotive sectors.

  • What are the prospects for the South Asia collapsible sleeve containers market?

    The collapsible sleeve containers market in the South Asia region is reflecting relatively faster growth than other regional markets on the back of investments into a rapidly growing agrarian economy and manufacturing sector.

  • What is the near-term competitive outlook of the global collapsible sleeve containers market?

    The global collapsible sleeve containers market is moderately fragmented, with manufacturers focusing increasingly on strategies involving geographical and capacity expansions.

Enquiry before Buying

  • Is this research conducted by Future Market Insights?

    Yes, the research has been conducted by expert analysts of Future Market Insights through a combination of primary research and secondary research. To know more about how the research was conducted, you can speak to research analyst.

  • What research methodology is followed by FMI?

    FMI follows a methodology that encompasses demand side assessment of the market, and triangulates the same through supply side analysis. This methodology is based on use of standard market structure, methods and definitions.

  • Who are the respondents for primary research?

    FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. For a full list of primary respondents, please reach out to us.

  • What are the sources of secondary research?

    FMI conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request

  • Is a sample of this report available for evaluation?

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Key Segment

Box Type

  • 48x40x30”
  • 48x40x34”
  • 48x40x45”

Pallet Type

  • Block Pallet
  • Stringer Pallet
  • Customized Pallet

End Use

  • Agriculture & Allied Industries
  • Building & Construction
  • Chemical & Pharmaceuticals
  • Food & Beverages
  • Engineering Products
  • Textile & Handicrafts
  • Automotive
  • Others

Region

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Argentina, and Rest of Latin America)
  • Europe (Germany, Italy, France, UK, Spain, Benelux, Nordics, Russia, Poland, Rest of Europe)
  • East Asia (China, Japan, South Korea)
  • South Asia (India, Thailand, Indonesia, Malaysia, Rest of South Asia)
  • Oceania (Australia and New Zealand)
  • Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa, Rest of MEA)

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