The overview for returnable plastic crates market indicates a CAGR of 5.6% from 2022 to 2029, the market for returnable plastic crates is projected to grow from its current value of USD 1.6 billion in 2022 to USD 2.4 billion by 2029.
Returnable plastic crates are superior to conventional packaging methods in a number of ways. They are perfect for use in the food and beverage, automotive, and pharmaceutical industries since they are tough and can resist the rigours of shipping and storage.
Also, they are lightweight, which lowers the environmental impact of shipping and logistics. Returnable plastic crates can also be easily cleaned and sanitised, making them appropriate for applications involving food and beverages.
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One of the largest end consumers of returnable plastic crates is the food and beverage sector. Fruits, vegetables, meat, dairy products, and other food items are all transported and stored in these crates. They are frequently employed in beverage logistics and transportation, notably that of beer, wine, and soda. Returnable plastic crates are used extensively in the automobile sector for storing and transporting vehicle parts and components.
In conclusion, it is anticipated that the returnable plastic box market would expand significantly during the next few years. The expansion of returnable plastic crates in the food and beverage industry is mostly due to the rising demand for eco-friendly packaging options. Returnable plastic crates are a packaging option that businesses aiming to enhance their bottom line and lessen their impact on the environment should take into consideration.
Key Takeaways of Returnable Plastic Crates Market Study
- By material type, high density polyethylene is anticipated to be a key segment in returnable plastic crates market, and is projected to capture more than 65% of the market share during the forecast period.
- Demand from manufacturers of seafood, meat & poultry, and agriculture products is collectively expected to capture around 75% of the global returnable plastic crates market share, with its absolute growth expected to be more than any other segment.
- Asia Pacific Excluding Japan is expected to dominate the global returnable plastic crates market, and is expected to witness an impressive CAGR through 2022-2029.
- Increasing Use of RPCs for Logistics and Transportation of Bulk Materials in North America and Europe
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Competitive Landscape
Leading returnable plastic crates manufacturers are committed to the research and development of the product and are consistently offering innovative returnable plastic cratesba solutions targeted towards specific end use.
Companies operating in the returnable plastic crates market are aiming at product launches and expansions with other manufacturers.
- In November 2021, Craemer has launched large volume 300 litre rotary stacking container which once used can save 70 percent of space until further usage.
- In November 2021, DS Smith Plc developed a fully recyclable and reusable tray which has features such as two lateral automatic bases.
Key Players:
- Brambles Limited
- Myers Industries Inc.
- Supreme Industries Limited
- Schoeller Allibert Services B.V.
- DS Smith PLC
- Rehrig Pacific Company Inc.
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Returnable Plastic Crates Market By Category
By Capacity :
- Less than 10 Kg
- 10 Kg to 20 Kg
- 21 Kg to 35 Kg
- 36 Kg to 50 Kg
- Above 50 Kg
By Product Type :
- Stackable
- Nestable
- Collapsible
By Material :
- High Density Polyethylene (HDPE)
- Polypropylene (PP)
- Others
By Application :
- Agriculture
- Grocery
- Dairy
- Bakery
- Seafood & Meat
- Others
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