According to a recent report by Future Market Insights, the collapsible sleeve containers market crossed US$ 4.6 billion in 2021, and is expected to grow at 4.6% CAGR through 2030. However, demand weakened in 2022, as COVID-19 induced sluggishness engulfed the broader packaging industry, and various end-use industries. According to the report, innovations in raw materials for sustainable bulk packaging solutions are likely to aid growth in the industry.
Collapsible sleeve containers are a type of industrial packaging solution that are designed to provide efficiency, durability and versatility in material handling and storage. These containers are commonly made of plastic, metal or a combination of both, and are used in various industries such as agriculture, automotive, pharmaceuticals, and logistics.
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One of the key benefits of collapsible sleeve containers is their ability to save space during transportation and storage. These containers can be easily collapsed when empty, which reduces the amount of space they take up and lowers shipping costs. In addition, collapsible sleeve containers are designed to be stackable, allowing for efficient use of space in warehouses and storage facilities.
Another advantage of collapsible sleeve containers is their durability. They are made of sturdy materials that can withstand heavy loads and rough handling, ensuring that the contents inside are protected during transportation and storage.
Collapsible sleeve containers are also designed to be versatile. They can be used for a variety of applications, including bulk storage, handling of smaller components, and transportation of goods. They can also be customized with various features such as lids, handles, and labels to meet specific requirements.
Overall, the collapsible sleeve containers market is expected to continue growing as more industries realize the benefits of this type of packaging solution. With the increasing emphasis on sustainability and efficiency, collapsible sleeve containers are likely to become even more popular in the years to come.
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In spite of the positive prospects of the collapsible sleeve container market, low awareness about the packaging formats and environmental concerns over raw materials are expected to hold back market growth.
Key Takeaways
- The size of the collapsible sleeve containers market was US$ 4.6 billion, with food and agriculture logistics applications being major driving factors for the market.
- Food and beverage packaging applications will remain the primary source of revenue, driven by improvements to raw materials and associated barrier characteristics.
- Block pallets will account for higher demand, supported by weight and cost benefits in operations, which can be attributed for over 70% of the market share.
- East Asia is the leading regional market for collapsible sleeve containers, supported by the higher uptake of rigid packaging in the niches of building and textile sectors.
“Collapsible sleeve container manufacturers are likely to gain from rising disposable incomes of middle-class consumer populations who have become open to novel packaging solutions. Sleeve containers are also being increasingly made from recyclable materials which will aid in reducing the carbon footprint in the industry, thereby driving growth in the market,” said an FMI analyst.
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Competitive Landscape
Key players in the collapsible sleeve containers market include but are not limited to 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.
Manufacturers are increasingly relying on product development and launch strategies to incorporate new, sustainable materials in addition to geographical expansion endeavors to offer improved solutions and to bolster consumer base in fragmented market landscapes.
More Insights on the Global Collapsible Sleeve Container Market
In a new report, Future Market Insights offers a detailed analysis of the global collapsible sleeve container market covering historical demand from 2015 – 2021 and forecast data for the period between 2022 and 2030. The study covers projections of growth in the market in terms of box type (48x40x30”, 48x40x34”, and 48x40x45”), pallet type (block pallet, stringer pallet, and customized pallet), and end use (agriculture & allied industries, building & construction, chemical & pharmaceuticals, food & beverages, engineering products, textile & handicrafts, automotive & others), across seven key regions.
Key Segments Covered in Collapsible Sleeve Containers Industry Research
Collapsible Sleeve Containers Market by Box Type
- 48x40x30”
- 48x40x34”
- 48x40x45”
Collapsible Sleeve Containers Market by Pallet Type
- Block Pallet
- Stringer Pallet
- Customized Pallet
Collapsible Sleeve Containers Market by End-use
- Agriculture & Allied Industries
- Building & Construction
- Chemical & Pharmaceuticals
- Food & Beverages
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