Plastic crates are used to transport organic products in majority. These are widely used in online shopping and home delivery models. These crates are excellent in maintaining the temperature and protecting the food products. Food products can be preserved in plastic crates for longer time. Market of plastic crates is segmented by type of raw material used for manufacturing and its end users. Raw materials used for manufacturing of plastic crates are high density poly ethylene, polypropylene, polyethylene, polyvinyl Chloride which offers strength and flexibility to it. These are widely used by Agriculture, food and beverage, pharmaceuticals, retail, industrial, and logistics distribution industries due to the ability to preserve product for longer time and ease in carrying duet to its strength and flexibility. In addition, the plastic crates market is expected to grow in near future owing to growing demand of Business to Consumer Model among many industries.
COVID-19 Impact analysis
- COVID-19 pandemic has shut down the production of various products in the plastic crates industry attributed to the lockdown in countries worldwide. This has hampered the growth of plastic crates market in 2020 and, is likely to revive in 2021.
- COVID-19 has already affected the sales of plastic crates in the second and third quarter of 2020 and is reviving in 2021.
- The major demand for plastic crates was previously noticed from countries including the U.S., Germany, Italy, UK, and India, which are negatively affected by the spread of the corona virus, thereby declining the demand for plastic crates.
- Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Plastic crates manufacturers can afford a full lockdown only for a few months, after which the players have to modify their investment plans. For instance, various players in the market halted their production activities for several weeks to reduce the expenses. Whereas few players also adopted employee lay-offs to sustain during the COVID-19 health crisis.
- Plastic crates manufacturers are expected to focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19. For instance, provision of sanitizers, maintaining social distancing, as well as ensuring the vaccination of every employee in the company can assist in promoting the health & safety of the workforce.
Top Impacting Factors
Rise in demand for packaged food and door to door delivery has increased the demand for plastic crates. These can preserve the food and other products for longer time than any other packaging options. This increases the demand in the global market. In addition, these can be reused once the delivery is done, which helps prevent the cost of purchasing the new crates. Therefore, end users prefer plastic crates over cardboard packaging. After the pandemic, people around the world are inclining toward well packaged items, which is expected to surge the demand for plastic crates across the globe. It is difficult to use plastic crates for packaging of small products, which is projected to limit the market growth.
Market Trends
- Asia-Pacific region has dominated the market of plastic crates, and is expected to remain dominant during the forecast period attributed to the increase in population and thus surge in preference for premium facilities.
- North America is expected to witness the market growth of returnable plastic crates in near future due to steady growth in e-commerce business.
- Due to no contact delivery policies, big players in fast food industry such as Mac Donald’s and Dominos have increased the use of plastic crates which is fosters the market growth.
Key Benefits of the Report
- This study presents the analytical depiction of the plastic crates market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the plastic crates market share.
- The current market is quantitatively analyzed to highlight the plastic crates market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed plastic crates market analysis based on competitive intensity and how the competition will take shape in coming years.
Plastic Crates Market Report Highlights
| Aspects | Details |
 By Type |
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 By End-User industry |
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 By Region |
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 Key Market Players | Sino Holdings Group (SHG), Myers Industries, Rehrig Pacific Company, RPP Containers, DS Smith, Brambles Ltd, Gamma-Wopla, TranPak Inc, Mpact Limited (Formerly Mondi Packaging), Schoeller Allibert |
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