Nestable Plastic Crates Remain Best-selling
Among the various varieties of returnable plastic crates, the nestable version continues to remain in-demand, with a market value share of nearly 50%. The attributes of lightweight, cost-efficiency, and easy handling of nestable plastic crates are responsible for their unprecedented demand growth in the near future. Further, stackable plastic crates are also witnessing increasing market share owing to their space-effective quotient.
Developed Regional Markets Hold 60% Share
North America and Western Europe lead the pack in the global returnable plastic crates market, with collective share of about 60% of total revenues. These developed regions continue to garner huge stakeholder attention on the back of strong presence of enhanced logistics & supply chains for the booming fast-moving consumer goods (FMCG) and packaged food sectors. Market penetration in Asia Pacific excluding Japan (APEJ) remains the focal point for players in the returnable plastic crates market, as the region is the global leader of the packaging industry.
Exploring Growth Opportunities in Dairy Industry
Retailers and distributors in the global dairy industry bank on rigid packaging formats for bulk transportation of packaged milk and other dairy products. Returnable plastic crates such as nestable crates, stackable crates, and collapsible crates allow transportation with minimum hassles, and offer enhanced protection to products. Manufacturers should tap this opportunistic growth potential in the dairy industry, especially in countries - India, and the US - which are the leading milk producers, worldwide.
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How Growth will Unfold
Returnable plastic crates made from high-density polyethylene (HDPE) continue to capture noteworthy portion of the total sales. As HDPE carries the benefits of high impact resistance and sturdy UV barrier, as well as ensures economical storage and transportation, manufacturers are focusing on this polymer material. While HDPE crates account for around 65% of revenue share, the adoption of polypropylene (PP) and other materials will remain steady throughout the forecast period.
FREQUENTLY ASKED QUESTIONS ABOUT GLOBAL RETURNABLE PLASTIC CRATES MARKET
Which application area holds potential growth opportunities for market players?
The agriculture sector is expected to offer lucrative opportunities, attributable to the growing demand for returnable plastic crates for the bulk packaging of fresh produce and horticulture products.
What are the future prospects of the returnable plastic crates market?
There will be a slight increase in the demand for returnable plastic crates over the next decade, on the back of impressive growth in the agriculture sector. Increasing transportation of seafood, meat, and poultry in developing nations is also expected to offer better growth prospects to players in the global returnable plastic crates market.
Which region will dominate the global returnable plastic crates market?
North America and Western Europe are expected to dominate the returnable plastic crates market during the forecast period of 2019-2029. Rapid growth and penetration of supermarkets, hypermarkets, and retail distributors that serve better packaged goods in these regions are vital factors that are boosting market growth in these mature markets.
What is the degree of competition in the returnable plastic crates market?
Companies such as Brambles Limited, Supreme Industries Limited, Schoeller Allibert Services B.V., and DS Smith PLC are big market players in the global returnable plastic crates market, and are expected to continue dominating the market with their wide product portfolios.
Which type of returnable plastic crates will register the highest sales in the next five years?
Nestable returnable plastic crates are expected to witness the highest sales in terms of value as well as volume in the global market, attributable to features such as efficient use of floor area, lightweight, sturdiness, and cost-effectiveness.
What are the future growth opportunities for players offering returnable plastic crates in developing markets?
China and India are anticipated to emerge as the largest and fastest-growing countries in the agriculture sector in Asia Pacific. Players in the returnable plastic crates market can target these countries to gain a substantial market share.
RETURNABLE PLASTIC CRATES MARKET TAXONOMY
The global returnable plastic crates market is segmented in detail to cover every aspects of the market and present a complete market intelligence approach to readers.
- HDPE (High Density Polyethylene)
- PP (Polypropylene)
- Less than 10 Kg
- 10 Kg to 20 Kg
- 20 Kg to 35 Kg
- 35 Kg to 50 Kg
- More than 50 Kg
- Seafood & Meat
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan
- Middle East and Africa