The global plasticcrates market size was valued at USD 3.46 billion in 2023. The marketis projected to grow from USD 3.70 billion in 2024 to USD 6.47 billion by 2032,
exhibiting a CAGR of 7.24% during the forecast period.
The market includes the global industry ofdesigning, producing, distributing, and selling reusable, durable containers
for various sectors. These crates, essential for storing and transporting
goods, are particularly valued in the food and beverage industry for their
durability and ease of cleaning. Incorporating RFID and IoT in plastic crates
facilitates real-time tracking and monitoring, improving supply chain
visibility and efficiency, thus driving market growth.
The COVID-19 pandemic had a major impact on variousindustries, including the plastic crates market. Lockdowns and movement
restrictions led to project delays and decreased sales and production. However,
the food and beverage and e-commerce sectors saw increased demand as home
delivery services surged.
Fortune Business Insights™ provides this information in its research report, titled “Plastic Crates Market,2024-2032”.
Segmentation:
Polyethylene Segment Dominates owing to Versatility and Flexibility
Bymaterial, the market is fragmented into polypropylene, polyvinyl chloride,
polystyrene, polyethylene, and others. The polyethylenesegment leads the market due to HDPE's ability to strike a balance between
toughness and flexibility caters to diverse crate applications, ensuring
prolonged reuse without notable deterioration.
Interms of region, the market is categorized into Europe, North America, the Asia
Pacific, Latin America, and the Middle East & Africa.
Report Coverage:
The market research report provides an in-depth analysis coveringPorter’s five forces analysis, leading companies, competitive landscape,
product types, and primary end-use industries. It also highlights market trends
and key industry developments, along with factors driving recent growth.
Drivers and Restraints:
Focus on Sustainability andEnvironmental Concerns to Propel Market Growth
Increasing environmental concerns andregulatory pressures drive demand for reusable and recyclable plastic crates,
fostering plastic crates marketgrowth. Moreover, growing consumer awareness and preference for environmentally
friendly products spur demand for such products, incentivizing innovation in
materials and manufacturing processes to meet sustainability goals.
