The market for collapsible rigid containers is anticipated to reach a valuation of US$ 1.6 billion in 2022 and develop at a CAGR of 4.9% from 2022 to 2032, reaching about US$ 2.6 billion by that year. Collapsible rigid container demand is being driven by increasing utilisation in a variety of sectors, including the automotive, food and beverage, pharmaceutical, and shipping and logistics industries.
The top 3 nations are predicted to control 35–40% of the global market for collapsible rigid containers, which is projected to drive market profits. By material, it is predicted that by 2032, the sector of hard plastic collapsible containers will command a market share of almost 80%. This is due to the several advantages that rigid plastic collapsible containers offer, such as their increased strength, lighter weight, durability, and maximum folding & stacking features.
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With their convenience in loading-unloading and maintenance operations, collapsible rigid containers continue to gain momentum as vital packaging solution to avoid storage issues, and reduce overhead expenses. According to the report, 100% reusability of collapsible rigid containers, which has significantly complemented productivity in transport and logistics, will continue to propel the market growth.
Demand for Foldable IBCs to Gain Uptick, Plastic Most Preferred Material Choice
Light weight, easy handling, and economic costs remain the key demand determining attributes of crates in collapsible rigid containers market. Crates continue to remain preferred collapsible rigid containers, with sales driven by their innate & unparalleled competency to other variants in terms of cost, handling, and lightweight. According to the study, crates currently account for over 80% of overall collapsible rigid container sales.
The report opines that foldable IBCs will witness healthy demand growth, attributed to their space and cost efficiency, convenient handling, and environmental suitability for bulk packaging of hazardous and non-hazardous fluids. As the demand for cost effective bulk packaging continues to rise, a higher Y-o-Y growth is projected for foldable IBCs in 2019.
Over 90% of collapsible rigid containers sold are made of plastic, whereas metal and other materials such as wood account for the remaining volume of sales. Although multiple advantages associated with plastic containers continue to reign supreme over those offered by wooden or corrugated box containers, popularity of non-plastics is visibly growing over the recent past. The global sustainable drive is pushing use of raw materials other than plastic, which is translating into increasing preference for wooden collapsible rigid containers in coming years.
Global collapsible rigid containers market is a highly fragmented landscape and most of the prominent players are maintaining their strategic focus on mergers and acquisitions. Schoeller Arca System (SAS) accomplished a merger with an Indian polymer manufacturer, Time Technoplast Ltd., (TTL). The newly formed collaboration is named Schoeller Arca Time Materials Handling Solutions.
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Some companies are also prioritizing new product launches in the collapsible rigid containers market. Cherry’s Industrial Equipment announced the expansion targeting the innovation of a new collapsible rigid containers variant, i.e. wire mesh collapsible rigid containers.
Supported by EFSA (European Food Safety Authority), the European giant in returnable plastic packaging landscape, Schoeller Allibert Services B.V. is firming up the sustainable footprint in collapsible rigid containers market. To curtail the levels of conventional packaging waste and concentrate on green branding, the company is directly involved in providing end-to-end assistance for re-using and recycling of returnable plastic materials.
FMI’s report also sheds light on the strategic profiles of several other players active in collapsible rigid containers market, such as Brambles Limited, Supreme Industries Limited, DS Smith Plastics Ltd., SSI Schäfer AG, ORBIS Corporation, Dynawest Limited, Ac Buckhorn LLC, Myers Industries, Inc., Rehrig Pacific Company, Inc., Bulk Handling Australia Group Pty Ltd., A. R. Arena Products Inc., Dalian CIMC Logistics Equipment Co., Ltd., and TPS Rental Systems Ltd. among others.
Key Segments Covered in the Collapsible Rigid Containers Market
By Product Type
- Crates
- Pallet Boxes
- Folding IBCs
By Material
- Metal
- Plastic
- Others (wood, etc.)
By Sales
- Indirect
- Direct
By End Use
- Automobile
- Pharmaceuticals
- Chemicals
- Agriculture
- Food & Beverages
- Shipping & Logistics
- Other Manufacturing (Apparel & Textile, etc.)
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