The global collapsible rigid containers market is poised for substantial growth, with a projected market valuation of US$ 1.70 billion in 2023 and an anticipated Compound Annual Growth Rate (CAGR) of 4.9% between 2023 and 2033, ultimately reaching around US$ 2.74 billion by 2033.
This market’s robust revenues are expected to be concentrated in the top three countries, which are estimated to collectively hold 35-40% of the global market share. Notably, plastic collapsible rigid containers are set to dominate the market by material type, accounting for around 80% of the market share by 2032. This dominance is attributed to the numerous advantages offered by plastic collapsible rigid containers, including high strength, lightweight design, durability, and efficient folding and stacking capabilities.
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The growth of the collapsible rigid containers market can be attributed to its increasing popularity as a preferred packaging solution, driven by the imperative focus on supply chain efficiency and sustainability across industries. The rising adoption of automation in various sectors is a significant driver, as these containers are well-suited for automated material handling systems due to their uniform dimensions and ease of handling by robots and other automated equipment.
Collapsible rigid containers have emerged as indispensable packaging solutions for material transportation, storage optimization, and cost reduction. They are constructed from a variety of materials, including metal, plastic, and wood, and are known for their lightweight nature, durability, and reusability, making them ideal for transporting various materials without incurring damage.
One of the key advantages is their collapsibility, allowing for efficient space utilization post-transport. The growing demand for bulk packaging solutions across diverse industries is expected to propel the sales of collapsible rigid containers during the forecast period. As businesses increasingly prioritize efficiency and sustainability in their operations, these containers are poised to play a pivotal role in modern supply chains and logistics.
Business Growth Opportunities:
- E-commerce Packaging Solutions: With the continued rise of e-commerce, there is a growing demand for innovative packaging solutions. Collapsible rigid containers offer efficient storage and transport, presenting an opportunity for businesses to cater to the e-commerce sector.
- Global Supply Chain Optimization: Businesses can capitalize on the need for streamlined supply chain operations. Collapsible rigid containers facilitate efficient storage and transportation, reducing logistics costs and enhancing overall supply chain performance.
- Sustainable Packaging Solutions: As environmental concerns grow, there is an increasing focus on sustainable packaging. Collapsible rigid containers made from eco-friendly materials provide businesses with an opportunity to align with sustainability goals and meet consumer preferences.
- Customization and Branding: Offering customizable and branded collapsible rigid containers provides businesses with a chance to differentiate themselves in the market. Customized solutions can meet specific industry needs and enhance brand visibility.
- Cross-Industry Collaboration: Collaborations between industries, such as manufacturing and retail, can create opportunities for businesses to provide comprehensive packaging solutions. Collapsible rigid containers that cater to the unique needs of different sectors can result in mutually beneficial partnerships.
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Trends in the Collapsible Rigid Containers Industry:
- Smart Packaging Integration: The incorporation of smart technologies, such as RFID tags and sensors, into collapsible rigid containers is a growing trend. This allows for real-time tracking, monitoring, and data collection throughout the supply chain.
- Focus on Lightweight Materials: The market is witnessing a trend toward the use of lightweight materials for collapsible rigid containers. This not only reduces transportation costs but also aligns with sustainability goals by minimizing material usage.
- Increased Automation in Production: Automation in the manufacturing process of collapsible rigid containers is on the rise, leading to improved efficiency, reduced production costs, and higher output capacity.
- Eco-Friendly Material Innovation: There is a shift towards the development of collapsible rigid containers using innovative eco-friendly materials, such as bioplastics and recycled content. This trend reflects the industry’s commitment to environmental sustainability.
- Global Expansion and Market Penetration: Collapsible rigid container manufacturers are increasingly expanding their global reach. Market players are exploring new regions to tap into emerging markets, presenting opportunities for growth through international sales and distribution.
The United States is poised to dominate the collapsible rigid containers market in North America, commanding an impressive 82% share, primarily due to the surging demand for secure and reliable industrial containers, particularly in the chemical industry. The rapid expansion of the chemical sector in the United States offers a promising growth prospect for the collapsible rigid containers industry.
Notably, the U.S. chemical industry captures a substantial 12% of global chemical sales, according to the European Chemical Industry Council (CEFIC). Furthermore, the presence of major packaging industry leaders, a steady stream of new product launches, and a growing export business are all factors expected to further drive the growth of the collapsible rigid containers market in the United States throughout the forecast period.
Key Companies:
- Brambles Limited
- Supreme Industries Limited
- Schoeller Allibert Services B.V.
- DS Smith plc
- SSI Schäfer AG
- Palettes Gestion Services
- ORBIS Corporation
- Myers Industries, Inc.
- Time Technoplast Ltd.
- Finncont Oy
- TranPak, Inc
- RPP Containers
- Ac Buckhorn LLC
- Ravensbourne Limited
- Rehrig Pacific Company, Inc
- Bulk Handling Australia Group Pty Ltd
- Dynawest Limited
- R. Arena Products Inc
- Dalian CIMC Logistics Equipment Co., Ltd.
- TPS Rental Systems Ltd
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Key Segments:
By Product Type
- Crates
- Pallet Boxes
- Folding IBCs
By Material
- Metal
- Plastic
- Others (wood, etc.)
By Sales
- Indirect
- Direct
By End Use
- Automobile
- Pharmaceuticals
- Chemicals
- Agriculture
- Food & Beverages
- Shipping & Logistics
- Other Manufacturing (Apparel & Textile, etc.)
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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