The global Collapsible Rigid Containers Market is poised for substantial expansion, with a projected market valuation of USD 1.70 billion in 2023. The market is expected to grow at a Compound Annual Growth Rate (CAGR) of 4.9% between 2023 and 2033, reaching an estimated USD 2.74 billion by 2033.
The demand for collapsible rigid containers is rapidly increasing due to their significant advantages in supply chain management, especially with the growing emphasis on sustainability and efficiency. These containers are gaining traction as an ideal packaging solution for industries seeking to improve their operations through better space optimization and cost savings.
A major contributor to this growth is the increasing use of automation across various industries. Collapsible rigid containers are compatible with automated material handling systems, as their standardized dimensions make them ideal for robotic handling and sorting. This compatibility with automation is positioning collapsible containers as a vital component in modernized supply chains.
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While the collapsible rigid containers market shows strong growth potential, it is not without its challenges. The market faces certain restraints, including the initial costs associated with the manufacturing and implementation of high-quality collapsible containers. Additionally, consumer and business adoption may be hindered by the complexities of transitioning to new packaging solutions, especially in traditional industries that rely on older packaging systems.
Key Takeaways: Collapsible Rigid Containers Market
- The global collapsible rigid containers market experienced a CAGR of 3.6% between 2018 and 2022, reaching a valuation of approximately USD 1.62 billion in 2022.
- According to the European Chemical Industry Council (CEFIC), around 12% of global chemical sales are contributed by the United States chemical industry.
- The United Kingdom market for collapsible rigid containers offers significant opportunities for unique innovations and growth.
- The plastic segment is expected to maintain dominance in the global collapsible rigid containers market, accounting for around 80% of the market share by the end of 2033.
- Among product types, the crates segment is projected to witness substantial growth during the forecast period.
Prominent Drivers of the Collapsible Rigid Containers Market
- Space-Saving Efficiency: The collapsible design of rigid containers significantly reduces storage and transportation costs, driving their adoption in industries like logistics, manufacturing, and retail.
- Sustainability Push: With increasing focus on eco-friendly practices, these containers are favored for their reusability and ability to minimize packaging waste, aligning with global sustainability goals.
- Cost Optimization: The ability to fold flat when not in use lowers return shipping and storage expenses, making them a cost-effective solution for businesses.
- Growing E-Commerce Industry: The surge in e-commerce activities necessitates durable, reusable, and easy-to-handle packaging solutions, boosting the demand for collapsible rigid containers.
- Versatility Across Industries: These containers are widely used across diverse sectors, including automotive, agriculture, and pharmaceuticals, due to their robust build, stackability, and ability to handle bulk storage.
Certain Recent Key Developments by the Leading Players are as follows –
- In May 2022, Myers Industries Inc. expanded its production capacity by acquiring the Decatur-based rotational molding manufacturing assets of Step2 Co, LLC in Georgia.
- In April 2022, Schoeller Allibert Services B.V. introduced the giant and recent version of their Magnum Optimum® 1210 series, a foldable large container to cater to the demand for ease-to-use bulk containers.
Key Companies Operating in the Collapsible Rigid Containers Market
- 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
Collapsible Rigid Containers Market by Category
By Material Type:
- Plastic
- Metal
- Others (Wood, etc.)
By Product Type:
- Crates
- Foldable IBCs
- Pallets Boxes
- Jerry Cans
By Sales Channel:
- Direct
- Indirect
By End Use:
- Automobile
- Pharmaceutical
- Chemical
- Agriculture
- Food & Beverage
- Shipping & Logistics
- Other Manufacturing (Apparel & Textile, etc.)
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- The Middle East & Africa
- Oceania
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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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