Need for Novel Storage Solutions to Drive the Market for Collapsible Crates, Market to register CAGR of 5% during forecast
Collapsible crates market has shown significant growth during the recent past and is expected to show prominent growth during forecast, despite the COVID-19 crisis. Sales of collapsible crates are expected to dampen owing to reduced spending of consumers on non-essential commodities and temporary shutdown of multiple sales channels like hypermarkets and home improvement stores. The commercial demand of collapsible crate also expected to be affected due to temporary closing down of production facilities. While a decrease in sales is expected during 2020, collapsible crates market is expected to show significant growth during the recovery period. Commercial demand is expected to highly exceed residential demand of collapsible crates during the initial recovery phase.
Collapsible crates have shown high efficiency in usage and multiple end use industries. These end use manufacturers have been shifting from their traditional packaging and logistics options like pallets and veering towards collapsible crates. While need for high durability has slightly affected the adoption rate of collapsible crates, novel product lines launched by manufacturers designed specifically for end use applications is expected to be instrumental in the growth of the collapsible crates market. On the backdrop of these factors, collapsible crates market is expected to register CAGR of 5% during the forecast period.
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HDPE to Dominate the Collapsible Crates Market, Set to Grow 1.4x
Usage of high-density polyethylene (HDPE) has been significant in collapsible crates. More than 70% of the collapsible crates’ manufacturers have included HDPE as primary material for collapsible crates. High durability of HDPE and high carrying capacity of collapsible crates made from HDPE, has led to increased preference of residential consumers and commercial customers. Multiple manufacturers have been shifting from polypropylene (PP) based products towards HDPE based collapsible crates. Increasing bans on usage of polypropylene is also expected to supplement the growth of the HDPE based collapsible crates. HDPE is expected to show 1.4x growth by 2030 over the value in 2020.
North America to Hold Lion’s Share in Collapsible Crates Market
North America accounts for nearly one third share in the collapsible crates market. Demand in North America is expected to substantially rise in comparison with demand in 2019. Despite the dampening of sales in 2020 owing to the COVID-19 pandemic, market is expected to show moderate recovery presenting a U-shaped recovery curve. While United States accounts for the majority share in the North America Collapsible Crates market, Canada is expected to show high growth during forecast period. Low penetration of collapsible crates manufacturers is expected to present prominent opportunities for existing as well as emerging players in the market.
Collapsible Crates Market to Move towards Consolidation
Collapsible crates market is fragmented with top companies holding nearly one third of the revenue share. Companies like Uline Inc. and Orbis Corporation hold the majority share in the market, and volume share of these companies has been increasing in the recent past. Due to COVID-19 crisis and subsequent limited production capabilities, collapsible crates market is expected to show reduced competition and some SMEs’ are expected to show reduced volume sales. Collapsible crates market is expected to reach partial consolidation with top companies accounting for nearly 50% share by the end of the forecast period.
- In 2019, Bekuplast launched new collapsible crate and showcased it at the FachPack 2019. FachPack is a packaging industry tradeshow
- In March 2020, Orbis Corporation showcased their packaging and supply chain solutions in the Modex 2020.
- In 2019, Uline Inc. invested US$ 130 million, for expansion of their facilities.
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Collapsible Crates Market- Scope of the Report
Collapsible Crates market is anticipated to witness a notable upsurge during the forecast period 2020 to 2030, conferring to a new Fact.MR study. The study promotes crucial trends that are presently determining the growth of collapsible crates market. This newly published and perceptive report sheds light on vital dynamics, which are likely to convert the future of collapsible crates market, in turn generating worthwhile opportunities for key companies as well as evolving players who are interested in the manufacturing of collapsible crates.
Collapsible crates market study is a detailed market intellect on key revenue progression factors, challenges, industry trends, and opportunities, which will eventually influence the growth of collapsible crates market. The report primarily conveys a summary of the collapsible crates market, considering present and upcoming consumer goods industry scenarios, to reveal striking sides relating to the acceptance of collapsible crates across prominent regional markets.
A detailed assessment on few of collapsible crates raw material suppliers accessible in the report allows the report readers to obtain detailed findings that have resulted from collapsible crates supply chain analysis, business execution, and value chain analysis across the regional markets incorporated in the report. A list of prominent companies functioning in collapsible crates market provided in the report enhances reliability of this ample research study.
Collapsible Crates Market: Report Summary and Scope
Study offers a comprehensive overview on diverse features that are inducing demand, revenue generation and sales in collapsible crates market across the globe.
A comprehensive estimate on collapsible crates market has also been made accessible by the experts, who have considered the market estimates on the basis of a likely scenario, an optimistic scenario, and a conservative scenario regarding sales of collapsible crates during the forecast period. Analysis and estimation of price point comparison by region and by product with the global average price has been included in this study.
Collapsible Crates Market: Segmentation
FactMR’s study has done the segmentation of collapsible crates market on the basis of capacity, material, lid type, end-use, sales channel and region.
|
Capacity |
Up to 50 L 50 – 100 L 100 – 300 L 300 – 500 L (CFC) Greater than 500 L |
|
Material |
HDPE (high-density polyethylene) PP (polypropylene) Others (plywood, metals, etc.) |
|
Thickness |
Solid Wall Collapsible Crate Grated / Caged Wall Collapsible Crate |
|
Lid Type |
With Lid Collapsible Crate Lidless Collapsible Crate Europe East Asia South Asia |
|
End-use |
Industrial Use Engineering Industry Agriculture & Allied Industry Textile & Handcraft Industry Retail Stores Food & Beverages Pharmaceutical Industry Automotive Building & Construction Other Industries Residential Use |
|
Sales Channel |
Direct Sales Retail Stores Home Improvement Stores Hardware Stores Online Sales Company Website Third Party Online Others |
|
Region |
North America Latin America Europe East Asia South Asia and Oceania MEA |
Collapsible Crates Market: Analysis on Market Size Evaluation
Predictions of collapsible crates market, encompassing current as well as forthcoming projected values estimate and analysis on region-wise demand trends and price index have been assimilated in the report.
Market estimates at the regional and global scale for collapsible crates are available in terms of “US$ Mn.” A Y-o-Y growth contrast on prominent collapsible crates market segments, along with the market attractiveness valuation computes understandings brought in the report. Metrics mentioned above are also followed based on collapsible crates types where collapsible crates witness a steady demand.
Collapsible Crates Market: Scrutinized Assessment on Regional Segments
Weighted sections have been elaborated in the report on collapsible crates market, which delivers projection on the regional markets. These chapters brighten the regional macros (political economic, and business environment outlook), which are expected to have a significant impact on the growth of collapsible crates market during period of forecast.
Country-specific valuation on demand for collapsible crates has been offered for each regional market, along with the market scope estimate and forecast, price index, price point assessment, and impact analysis of dynamics of prominent regions and countries. For all regional markets Y-o-Y growth estimates have also been incorporated in the report.
Collapsible Crates Market: In-depth Analysis on Competitive Landscape
The report ends with a section on the competition scenario of collapsible crates market, along with the profiles of major companies contributing to the market expansion. Essential and up-to-date data as well as information correlated to the market performers, who principally engage in the production and supply of collapsible crates, has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits the report readers to plan preemptive steps to advance their businesses.
Company profiles have been shared with report, which exerts essentials such as product portfolio, along with an all-inclusive SWOT analysis on each player recognized along with the company policies identification and analysis. The company presence mapped and presented through the matrix for all the prominent players of the market functioning in collapsible crates market offers readers with actionable intellect, which helps in thoughtfully presenting the market status, and making decisive predictions on the competition levels in collapsible crates market. Major companies operating in global collapsible crates market, include Uline, Orbis Corp., CABKA IPS, Fletcher European, Bekuplast, Clevermade, Euroboxes, Quick-Crate, River Rock Crates, SharkCrates, SHG and Storex .
Impact of Covid-19 on Collapsible Crates Market
The report includes a scenario based assessment of impact of Covid-19 across key regions for all four quarters of 2020. The report discusses the market forecast under optimistic, probabilistic and pessimistic scenario. Under the three scenarios, the demand loss and recovery has been illustrated and described through L-shaped and U-shaped recovery curves. Alongside, the Covid-19 impact has been benchmarked with previous crisis including sub-prime crisis and SARS pandemic.
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Collapsible Crates Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2020 to 2030