The beverage crates market is witnessing gradual growth, driven by the increasing demand for various beverages, including bottled water, beer, wine, and fruit juices. According to Future Market Insights (FMI), the global beverage crates market is projected to expand at a compound annual growth rate (CAGR) of 4.9% from 2022 to 2030, reaching a value of US$543.9 million.
Rising demand for high-density polyethylene (HDPE) further fuels the market expansion. HDPE products are known for their excellent chemical resistance and low-temperature impact capabilities, making them the preferred choice for beverage crate production, ensuring the safety and integrity of alcoholic and non-alcoholic drinks.
Beverage crates serve as robust containers designed for transporting and storing various beverages, available in different materials like plastic, wood, or metal, with size and shape varying based on the beverage type and the number of bottles or cans they can hold.
The global beverage crates market is primarily driven by the growing demand for bottled and canned beverages, particularly in the food service and retail sectors. Additionally, the market is influenced by the increasing adoption of reusable and eco-friendly packaging solutions. Beverage crates can be reused multiple times before recycling, aligning with the sustainability goals of many businesses.
Manufacturers have recently emphasized developing innovative and sustainable beverage crates, such as those made from recycled materials or those that can be easily disassembled and stored when not in use. These trends are expected to propel the growth of the beverage crates market in the coming years.
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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
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 Benefits for Beverage Crates Market:
- Porter’s five forces analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for strategy building.
- Major countries in each region have been mapped according to their individual revenue contribution to the global/regional market.
- It outlines the current trends and future scenario of the market from 2022 to 2030 to understand the prevailing opportunities and potential investment pockets.
- The profiles of key players along with their key strategic developments are enlisted in the report.
- The key drivers, restraints, and opportunities and their detailed impact analyses are elucidated in the study.
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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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About FMI
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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