Due to the surge in demand for bottled water, beer, wine, fruit juices, and other uses, the beverage crates market is gradually growing. According to a recent analysis by Future Market Insights (FMI), the worldwide beverage crates market is anticipated to expand at a CAGR of 4.9% between 2022 and 2030, reaching US$ 543.9 million.
In the upcoming years, it is anticipated that rising high-density polyethylene (HDPE) demand would further fuel market expansion. Due to their outstanding chemical resistance and exceptional low temperature impact capabilities, HDPE products are exceedingly safe and are therefore a necessity in the production of beverage crates for both alcoholic and non-alcoholic drinks.
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Beverage crates are sturdy containers designed to transport and store various types of beverages, including soft drinks, beer, wine, and water. They are usually made of plastic, wood, or metal and come in different sizes and shapes, depending on the type of beverage and the number of bottles or cans they can hold.
The global beverage crates market is driven by the growing demand for bottled and canned beverages, particularly in the food service and retail sectors. The market is also influenced by the increasing adoption of reusable and eco-friendly packaging solutions, as beverage crates can be reused multiple times before being recycled.
In recent years, manufacturers have been focusing on developing innovative and sustainable beverage crates, such as those made from recycled materials or those that can be easily dismantled and stored when not in use. These trends are expected to drive the growth of the beverage crates market in the coming years.
Some of the key takeaways from the report are highlighted below-
- HDPE will remain highly preferred material used for making beverage crates
- The demand for nestable and stackable beverage crates will continue rising through the forecast period
- The rise in application of beverage crates in alcoholic drinks is expected to propel growth of the market during the forecast period
- East Asia will dominate in the global beverage crates market. China is expected to emerge as the most lucrative market for beverage crates in the region
- Europe will emerge as another lucrative region in the global market
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Who is Winning?
The key players in the global beverage crates market are operating amid cut-throat competition. In order to sail through the highly competitive environment, they are launching more varieties of quality products.
For instance,
- Supreme Industries Limited launched its new range of nestable and stackable crates such as NS CRATE SCH, NS CRATE SSP, NS CRATE STP, NS CRATE NESTING, NS CRATE STACKING, and others in the year 2022
- TranPak, Inc. launched its new extensive range of beverage crates such as VersaCrate 6,7”, Macro Bin 26 Solid, and others in the year 2021
Key Segments Covered in Beverage Crates Industry Research
Beverage Crates Market by Material Type:
- HDPE (High-density polyethylene)
- PP (polypropylene)
- Others
Beverage Crates Market by Product Type:
- Nestable and Stackable
- Collapsible
Beverage Crates Market by Application:
- Alcoholic Drinks
- Beer
- Wine
- Spirits
- Other Alcoholic Beverages
- Non-alcoholic drinks
- Fruit juices
- Carbonated drinks or soda
- RTD beverages
- Bottled water
- Tea & coffee
- Milk Products
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