Collapsible Crates Market
Collapsible Crates Market By Material (HDPE (high-density polyethylene), PP), By Thickness (Solid Wall Collapsible Crate, Grated / Caged Wall Collapsible Crate), By Lid Type (With Lid Collapsible Crate, Lidless Collapsible Crate), By End-use,By Region - Global Insights 2020-2030
Analysis of Collapsible Crates market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
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.
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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.
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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.
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.
By Capacity :
- Up to 50 L
- 50 – 100 L
- 100 – 300 L
- 300 – 500 L (CFC)
- Greater than 500 L
By Material :
- HDPE (high-density polyethylene)
- PP (polypropylene)
- Others (plywood, metals, etc.)
By Thickness :
- Solid Wall Collapsible Crate
- Grated / Caged Wall Collapsible Crate
By Lid Type :
- With Lid Collapsible Crate
- Lidless Collapsible Crate
- East Asia
- South Asia
By End-use :
- Industrial Use
- Engineering Industry
- Agriculture & Allied Industry
- Textile & Handcraft Industry
- Retail Stores
- Food & Beverages
- Pharmaceutical Industry
- Building & Construction
- Other Industries
- Residential Use
By Sales Channel
- Direct Sales
- Retail Stores
- Home Improvement Stores
- Hardware Stores
- Online Sales
- Company Website
- Third Party Online
By Region :
- North America
- Latin America
- East Asia
- South Asia and Oceania
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Need for Novel Storage Solutions to Drive the Market for Collapsible Crates
Collapsible Crates Market is Expected to Grow at 5% CAGR