What is Global Plastic Crates Market?
The Global Plastic Crates Market is a vast and dynamic sector that encompasses the production, distribution, and sale of plastic crates on a global scale. These crates, which are essentially large, sturdy containers made from plastic, are used in a variety of industries for storage and transportation purposes. The market's value was pegged at US$ 9547.3 million in 2022, and it is projected to grow to US$ 12520 million by 2029. This represents a compound annual growth rate (CAGR) of 3.9% during the forecast period from 2023 to 2029.
PP, PE, PVC, Others in the Global Plastic Crates Market:
The Global Plastic Crates Market is dominated by three key players who collectively hold approximately 20% of the market share. This indicates a relatively high level of competition within the market, with these top players vying for dominance in terms of production capacity, product quality, and market reach. However, there is also room for other players to carve out their own niche within this lucrative market.
Retail, Food and Beverage, Pharmaceuticals, Industrial, Others in the Global Plastic Crates Market:
In terms of product type, polyethylene (PE) plastic crates are the most popular, accounting for about 90% of the market. These crates are favored for their durability, lightweight nature, and resistance to environmental factors such as moisture and UV radiation. Other types of plastic used in crate production include polypropylene (PP), polyvinyl chloride (PVC), and others, although these represent a smaller portion of the market.
Global Plastic Crates Market Outlook:
The Food and Beverage industry is the primary consumer of plastic crates, accounting for about 65% of the market. These crates are used extensively in this industry for the storage and transportation of various food and beverage products, from fresh produce to bottled drinks. The Retail, Pharmaceuticals, and Industrial sectors also make use of plastic crates, although to a lesser extent. Other applications of plastic crates can be found in sectors such as agriculture, logistics, and warehousing.
| Report Metric | Details |
| Report Name | Plastic Crates Market |
| Accounted market size in 2022 | US$ 9547.3 million |
| Forecasted market size in 2029 | US$ 12520 million |
| CAGR | 3.9% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | Brambles Limited, Schoeller Allibert, ORBIS, DS Smith, Georg Utz Holding, Didak Injection, Suzhou Dasen Plastic, Jiangsu Yujia, Suzhou First Plastic, Shenzhen Xingfeng Plastic, Supreme Industries, Nilkamal, Mpact Limited, Rehrig Pacific Company, Delbrouck, Myers Industries, Zhejiang Zhengji Plastic |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
