The current value of the foldable container market is US$ 1.3 billion, and it is projected to reach US$ 2 billion by 2033, with a compound annual growth rate (CAGR) of 4.6% between 2023 and 2033.
The shipping and logistics sector is increasingly adopting storage containers to simplify intermodal transportation and optimize loading and unloading processes, leading to cost control.
Foldable containers are highly sought-after due to their durability and strength, making them ideal for material handling. Rigid bulk containers are also in demand.
Plastic crates are commonly used as foldable containers by small and medium-scale industries. They find applications in storing parts, inventories, and various other products. Plastic foldable containers and collapsible plastic crates dominate the market.
Future Market Insights conducted a comprehensive market study titled “Foldable Container Market” to provide these insights and facts. Their team of analysts and consultants employed a thorough approach, conducting primary, secondary, and tertiary research.
An analyst from Future Market Insights commented, “As ports benefit from reduced traffic due to the use of foldable containers, the foldable container market is expected to experience remarkable growth in the future.”
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Key Takeaways from Foldable Container Market
- North America holds the largest market share with the US being subject to flourishing retail and food services vertical. Thus there is a greater demand for transport and bulk packaging solutions herein.
- Europe is led by Germany and the scenario is expected to remain unchanged even in the forecast period. This could be credited to Germany being the largest exporter of foldable containers as per the Observatory of Economic Complexity (OEC).
- The Asia-Pacific is expected to grow at the quickest rate in the foldable container market with countries like India and China craving for space management.
Competitively Foldable Containers
- Corplex UK, in May 2022, did launch a novel product termed as ‘AkyPak Pop n Drop Container’. It’s simple to fold, reusable, and could be easily closed and opened by pulling up and pushing down the four walls.
- Bekuplast GmbH, in November 2022, did present a broad spectrum of containers for vegetables and fruits, inclusive of foldable containers at Fruit Logistica Trade Fair.
- Schoeller Allibert Services B.V., in April 2022, came up with the tallest version of foldable huge container called ‘Magnum Optimum 1210’ series. It is all set to address surging demand for simple-to-use bulk containers.
Key Players:
- Monoflo International
- Schoeller Allibert Services B.V.
- DS Smith Plc
- Steel King Industries, Inc.
- Sintex Group
- IPL Plactics Inc
- Dolav UK Limited
- Bekuplast GmbH
- Intech Worldwide GmbH
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What Does the Report Cover?
Future Market Insights offers a unique perspective and actionable insights on the foldable container market in its latest study, presenting a historical demand assessment of 2018 to 2022 and projections for 2023 to 2033. The global Image Guided Systems market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.
The research study is based on product–(Boxes & Cartons, Crates, Jerry Cans, Pallet Boxes, IBC), by Material- (Plastic, Metal, Paperboard), by End User (Food & Beverage, Pharmaceutical, Chemical & Fertilizer, Building & Construction, Shipping & Logistics, Other Consumer Goods), across seven regions of the world.
Retail Boom Drives Foldable Container Sales in the USA, While Germany’s Trade Surge Boosts Demand:
In the USA, the exponential growth of foldable container sales can be attributed to the booming retail sector. With retail and food service sales projected to reach a substantial value of US$694.5 billion by October 2022, the demand for efficient and cost-effective storage and transport solutions is on the rise. Foldable containers offer the advantage of reducing overall costs while providing a convenient and flexible packaging solution, making them increasingly popular among retailers in the USA.
Meanwhile, in Germany, the demand for foldable containers is driven by the country’s thriving export and import activities. Germany is a major player in global trade, with exports worth €128 billion in 2022. The country experienced a significant increase of 23.1% in exports in August 2022 compared to the previous year. With Germany ranking among the top exporters and importers globally, the need for reliable and versatile foldable containers for efficient handling and transport of goods is expected to surge.
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Foldable Container Market Outlook by Category
By Material:
- Plastic
- Metal
- Paperboard
By Product Type:
- Boxes & Cartons
- Crates
- Jerry Cans
- Pallet Boxes
- IBC
By End Use:
- Food & Beverage
- Pharmaceutical
- Chemical & Fertilizer
- Building & Construction
- Shipping & Logistics
- Other Consumer Goods
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Middle East & Africa
- Oceania
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