The global collapsible sleeve containers market is on track for significant growth, with projections estimating a valuation of USD 4,700 million by 2023. This thriving market is driven by increasing demand for space-efficient, reusable, and cost-effective packaging solutions across industries such as logistics, automotive, retail, and food & beverage.
According to industry forecasts, the market is set to expand at a compound annual growth rate (CAGR) of 4.36% over the next decade. By 2033, the market is expected to reach a remarkable valuation of USD 7,200 million, reflecting consistent growth fueled by technological advancements, rising e-commerce activities, and the increasing focus on sustainability in packaging.
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Collapsible sleeve containers are gaining traction due to their ability to optimize storage space and reduce transportation costs. With the rising global emphasis on eco-friendly packaging, these containers offer a sustainable alternative by minimizing packaging waste and enhancing reusability.
Understanding The Collapsible Sleeve Containers Market
The Collapsible Sleeve Containers Market refers to the industry involving the production, distribution, and sale of collapsible sleeve containers. These containers are designed to be lightweight, durable, and space-efficient. They consist of a series of interlocking sleeves or panels that can be expanded or collapsed depending on the need. When collapsed, they take up less storage space, making them ideal for efficient transportation and storage, especially in industries like logistics, retail, and manufacturing.
The market includes a wide range of applications such as:
- Supply Chain and Logistics: For transporting goods efficiently while reducing storage costs.
- Retail and Distribution: Used for packaging and shipping goods.
- Reusability and Sustainability: Collapsible sleeve containers are often reusable, contributing to reducing environmental impact compared to single-use packaging materials.
Key Takeaways from the Market Study
- The market valuation in 2022 was USD 4,550 million.
- Based on end-use, food & beverage is expected to dominate at a market share of 57% by 2033.
- Based on pallet type, block pallets will register at a market share of 43.28% by 2033.
- The collapsible sleeve containers market size expanded at 2.95% CAGR between 2018 and 2022.
- India is estimated to reach US$ 1,720 million and expand at a market share of 23.2% in 2022.
- Japan will experience significant growth, with a current valuation of USD 846 million and a projected value share of 10.2%.
“The availability of plastic pallet containers with food quality certification ensures compliance with safety and hygiene standards and is considered one of the major drivers of the collapsible sleeve containers market,” comments a Future Market Insights analyst.
Competitive Landscape
Leading companies in the worldwide collapsible sleeve container market are looking to increase their market presence in various countries and regions through mergers, acquisitions, and collaborations. Some new developments include:
- In September 2023, DS Smith Plc. announced that it has chosen Amazon Web Services (AWS) as its preferred cloud provider to accelerate innovation, increase efficiencies, and promote sustainable solutions.
- The DS Smith Zarnesti paper mill will open a new Waste Water Treatment Plant in September 2023 as part of its existing 11-million-Euro investment plan.
- In January 2023, DS Smith increased the goal of its Now & Next Sustainability Strategy to speed the transition to a low-carbon, Circular Economy.
Key Players
- DS Smith Plc.
- Schoeller Allibert Services B.V.
- Corn-Pearl North America Inc.
- Rehrig Pacific Company, Inc.
- TranPak, Inc.
- RPP Containers
- Sohner Plastics LLC, Shuert Technologies, LLC
- CABKA Group, Buckhorn Inc.
- Reusable Transport Packaging Inc.
- Prairie Plastics Holdings LLC
- Ribawood S.A.
- Qingdao CNplast Co., Ltd.
- Enlightening Pallet Industry Co., Ltd.
Key Segments Covered in Collapsible Sleeve Containers Industry Research
Box Type:
- 48x40x30
- 48x40x34
- 48x40x45
Pallet Type:
- Block Pallet
- Stringer Pallet
- Customized Pallet
End-use:
- Agriculture & Allied Industries
- Building & Construction
- Chemical & Pharmaceuticals
- Food & Beverages
- Engineering Products
- Textile & Handicrafts
- Automotive
- Others
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- The Middle East & Africa
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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