The HDPE crates market is projected to reach US$ 1,088.1 million in 2022 and rise at a CAGR of 5.6% to US$ 1,876.4 million between 2022 and 2032. An increase in applications from diverse end-user industries is credited with the growth.
Not only does effective packaging of the goods need to be used for logistics and shipment, but also the packaging type must be safe to transport the product in. This purpose is mostly served by crates, which offer a dependable means of transportation for the packaged commodity.
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Since ancient times, people have used crates, which have changed from being made of wood to plastic. HDPE crates are an excellent option for a wide range of end-use industries since they are impact resistant, strong, and durable. They enable safe transportation of the item without risk of damage.
Throughout the projection period, factors such as increasing consumer lifestyles and rising demand for crates for effective storage and transportation of goods will generate a wide range of potential prospects.
On the contrary, the disposal of HDPE crates is a tedious process, which is one of the major factors that is expected to hamper the growth of the HDPE Crates Market over the analysis period.
Market Competition
Some of the key participants present in the global HDPE Crates market include WestRock Company, Smurfit Kappa, International Paper, Inteplast Group, UNITED BAGS, INC, Ronpak, El Dorado Packaging, Novolex, Sharang Corporation, Nampak Ltd., ENKO Plastics, Gamma-Wopla nv, Chespak (Pty) Ltd., Kenpoly Manufacturers Limited, and Nilkamal Limited, among others.
Attributed to the presence of such a high number of participants, the market is highly competitive. While global players such as WestRock Company, Smurfit Kappa, International Paper, Inteplast Group, UNITED BAGS, INC, Ronpak, and El Dorado Packaging account for a considerable market size, several regional level players are also operating across key growth regions, particularly in North America.
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Recent Developments:
- In April 2022, WestRock Company, a leading provider of differentiated paper and packaging solutions, announced a partnership with Recipe Unlimited to implement a suite of recyclable paperboard packaging, intended to divert 31 million plastic containers from landfills across Canada each year. The packaging began appearing at Swiss Chalet restaurants in October 2021 and is now available across all its locations.
Key Players:
- Sharang Corporation
- Nampak Ltd.
- ENKO Plastics
- Gamma Wopla N.V
- Chespak (Pty) Ltd.
- Kenploy Manufacturers Limited
- Nilkamal Ltd.
- Plastwell Products
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Key Segments Profiled in the HDPE Crates Industry Survey
HDPE Crates Market by Packaging Type:
- Sold HDPE Crates
- Mesh HDPE Crates
HDPE Crates Market by Product Type:
- Foldable HDPE Crates
- Bottle HDPE Crates
- Box Pallets HDPE Crates
HDPE Crates Market by Application:
- HDPE Crates for Food and Beverages
- Milk Industry
- Bakery
- Confectionery
- Meat & Poultry
- Others
- Pharmaceuticals
- Chemicals
- Others
HDPE Crates Market by Region:
- North America HDPE Crates Market
- Latin America HDPE Crates Market
- Europe HDPE Crates Market
- Asia Pacific HDPE Crates Market
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