Plastic Crates Market To Cross USD 8 Billion By 2032, Says Global Market Insights Inc.

(MENAFN- GlobeNewsWire - Nasdaq) Plastic Crates industry size is expected to register 8.3% CAGR between 2024 and 2032 propelled by increasing focus on sustainability and eco-friendly practices.

Selbyville, Delaware, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Plastic Crates market was valued at USD 4.2 billion in 2023 and is projected to be worth USD 8 billion by the end of 2032, as per a recent study by Global Market Insights Inc.

This growth is driven by the increasing need for reusable and sustainable packaging solutions across various industries. As both businesses and consumers become more focused on environmental sustainability, there is a noticeable shift from single-use packaging to durable alternatives that help reduce waste. Additionally, the booming e-commerce sector and the rising demand for efficient logistics solutions are further boosting the use of plastic crates. These crates offer better protection and handling during transportation, making them highly desirable for manufacturers and retailers. Their cost-effectiveness and ability to improve supply chain efficiency also contribute to their growing popularity in various industries.

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The plastic crates market is segmented based on type and end-use industry. In terms of type, stackable plastic crates are expected to see significant growth, with their market value projected to surpass USD 2 billion by 2032. The space-saving design of stackable crates allows for multiple crates to be securely stacked without sacrificing stability, which is especially advantageous in industries like food and beverage, agriculture, and retail, where maximizing storage space is essential. These crates are also lightweight, durable, and easy to handle, making them an ideal solution for businesses looking to reduce transportation costs and enhance overall efficiency.

By end-use, the plastic crates market size from logistics and transportation segment is expected to be the fastest-growing, with a CAGR of over 10% from 2024 to 2032. The growing emphasis on efficient, durable, and cost-effective packaging solutions in global supply chains is driving demand for plastic crates in this sector. As e-commerce and international trade continue to expand, plastic crates are becoming a preferred packaging choice due to their superior protection, light weight, and ability to reduce fuel costs during transportation. Their reusable nature also aligns with sustainability goals, making them increasingly popular as businesses focus on reducing environmental impact.

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Regionally, North America holds over 30% of the global plastic crates market share, with the U.S. leading the region's growth due to its focus on sustainability and the rise of the logistics and transportation industry. In China, the market is expanding rapidly, driven by the growth of e-commerce, urbanization, and government initiatives promoting sustainable packaging solutions.

Plastic Crates Market Players

Companies including Alfa Plastic Industry, BDI Group, Brambles (CHEP), Cosmoplast, Craemer Group, Croma Plast, ENKO Plastics, Gamma-Wopla, Georg Utz Holding, Monoflo International, Nilkamal, ORBIS Corporation, PLIHSA, Rehrig Pacific Company, RPP Containers, Schoeller Allibert, The Supreme Industries, Tosca Services, TranPak, Zhejiang Zhengji Plastic Industry are some firms working in plastic crates industry.

This plastic crates market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue from 2021 to 2032, for the following segments:

Market, By Type

• Stackable
• Nestable
• Collapsible
• Others

Market, By Material

• High density poly ethylene
• Polyethylene (PE)
• Polypropylene (PP)
• Polyvinyl Chloride (PVC)
• Others

Market, End-Use Industry

• Agriculture
• Food and beverage
• Pharmaceuticals
• Retail
• Industrial
• Logistics and transportation
• Others

About Global Market Insights

Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

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