Future Market Insights (FMI) has released a comprehensive report projecting significant growth for the global collapsible rigid containers market, which is set to increase from US$ 1.70 billion in 2023 to US$ 2.74 billion by 2033. This market is expected to grow at a compound annual growth rate (CAGR) of 4.9% over the forecast period, with the top three countries accounting for 35-40% of the global market share.
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Market Drivers and Trends
- Surge in Demand for Plastic Collapsible Rigid Containers: The plastic segment is projected to dominate the market, holding approximately 80% of the share by 2032. The popularity of plastic collapsible rigid containers is attributed to their high strength, lightweight, durability, and efficient folding and stacking capabilities.
- Efficiency and Sustainability in Supply Chains: Collapsible rigid containers are increasingly favored in supply chains due to their ability to improve efficiency and sustainability. These containers provide robust packaging solutions that help transport materials, resolve storage issues, and reduce overhead expenses.
- Growth in Automation and Robotics: As automation becomes more prevalent across various sectors, collapsible rigid containers are becoming integral to automated material handling systems. Their uniform dimensions and ease of handling make them ideal for integration with robotic and automated equipment.
Key Market Insights
- Short-Term (2023 to 2026):
- Increasing adoption of e-commerce platforms and online shopping.
- Growing need for an efficient and cost-effective supply chain industry.
- Expanded application in the pharmaceutical sector.
- Medium-Term (2027 to 2029):
- Rising demand for lightweight and space-saving packaging solutions.
- Increased need for automation in logistics and material handling.
- The rising trend of Omni-channel retailing.
- Long-Term (2030 to 2033):
- Growing demand for eco-friendly and reusable packaging solutions.
- Increased adoption of robotics, automation, and Industry 4.0 in manufacturing.
- Rising demand for customized packaging solutions.
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Regional Market Highlights
- United States: The U.S. market is witnessing significant growth due to advancements in automated material handling and increased adoption of collapsible containers in various industries. The demand for efficient packaging solutions in logistics and supply chains is driving this growth.
- Germany: Germany is a key market in Europe, projected to grow steadily as it approaches market maturity. The presence of established players and the entry of new startups focusing on innovative packaging solutions are contributing to market expansion.
Opportunities in Intermodal Transportation
Intermodal transportation, which involves transferring freight across different modes of transport, is creating substantial growth opportunities for the collapsible rigid containers market. These containers are easy to handle and reduce the time and space consumed during transportation, making them highly suitable for intermodal transport.
Business Growth Opportunities:
- E-commerce Packaging Solutions: With the continued rise of e-commerce, there is a growing demand for innovative packaging solutions. Collapsible rigid containers offer efficient storage and transport, presenting an opportunity for businesses to cater to the e-commerce sector.
- Global Supply Chain Optimization: Businesses can capitalize on the need for streamlined supply chain operations. Collapsible rigid containers facilitate efficient storage and transportation, reducing logistics costs and enhancing overall supply chain performance.
Key Companies:
- Brambles Limited
- Supreme Industries Limited
- Schoeller Allibert Services B.V.
- DS Smith plc
- SSI Schäfer AG
- Palettes Gestion Services
- ORBIS Corporation
- Myers Industries, Inc.
- Time Technoplast Ltd.
- Finncont Oy
- TranPak, Inc
- RPP Containers
- Ac Buckhorn LLC
- Ravensbourne Limited
- Rehrig Pacific Company, Inc
- Bulk Handling Australia Group Pty Ltd
- Dynawest Limited
- R. Arena Products Inc
- Dalian CIMC Logistics Equipment Co., Ltd.
- TPS Rental Systems Ltd
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Key Segments:
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.)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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