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Foldable Crates Market: Industry Outlook, Growth Prospects and Key Opportunities
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The global market for foldable crates is anticipated to grow significantly during the forecast period 2017-2025. The global foldable crates market is growing on the backdrop of protective packaging of sensitive and fragile products. The foldable crates market is driven by the food, healthcare, and automotive industries. Food & beverages industries use foldable crates for efficient packaging of the food products such as fruits, vegetables, beverage bottles, milk bottles etc.
The transportation of the vegetables and fruits becomes easy and safe by packing in the foldable crates. One of the key factor propelling the foldable crates market is the fold ability of the crates when empty, saves valuable space. Another factor contributing towards the growth of the global foldable crates market is the protective packaging solutions for packaging of sensitive and fragile products. These factors have increased the demand for convenient and protective packaging solutions. The transportation becomes easy and efficient due to the less space consumption when the crates are empty and can be folded. The hindrance in the growth of the global foldable crates market is the high production cost and the environmental issues from the recycling of plastic used in foldable crates.
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Global Foldable Crates – Market Segmentation
The global foldable crates market is segmented on the basis of product type, material type, and end user base.
- On the basis of the product type, foldable crates are segmented into different types such as perforated, non-perforated type etc.
- On the basis of the material type, foldable crates are segmented in the HDPE, PP, CPP, PET, metals, wood and others.
- On the basis of the end user base, foldable crates are widely used in food & beverages, automotive, chemical, pharmaceutical, personal care, transportation and others.
Global Foldable Crates Market – Regional Outlook
The global foldable crates market has been segmented on the basis of the region into North America, Europe, Asia-Pacific Excluding Japan (APEJ), Middle East & Africa (MEA), and Latin America. Among these regions, North-America and Asia-Pacific (APAC) expected to be the largest propellers in terms of volume and value because of increasing protective solutions in the developed countries as compared to the conventional packaging solutions.
Global Foldable Crates Market – Key Players
Some of the major key players in the global foldable crates market are Viscount Plastics Ltd, Schoeller Arca Time Materials Handling Solutions, Nilkamal Ltd., Sino Holdings Group, Precision Box Crating & Packaging Experts, Baltic Pallet Pooling, Ltd., MPH Group, Shanghai Join Plastic Products Co.,Ltd., NEFAB Group, PPS Midlands Limited, and others.
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