Title: Collapsible Rigid Containers Market to Grow at CAGR of 4.9% through 2027
1Collapsible Rigid Containers Market
Report Id REP-GB-8967 Published On
Feb-2019 Category Packaging
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4Collapsible Rigid Containers Market Analysis
- Nearly 120 million collapsible rigid containers
were sold in 2018, according to a recent
intelligence study by Future Market Insights.
Volume sales of collapsible rigid containers will
witness a modest 4 Y-o-Y growth in 2019 over
2018. While nestable and stackable containers are
highly popular in the returnable packaging
containers landscape, collapsible rigid
containers have gained immense palpability in
recent years, as more compatible for product
storage and shipping. - With their convenience in loading-unloading and
maintenance operations, collapsible rigid
containers continue to gain momentum as vital
packaging solution to avoid storage issues, and
reduce overhead expenses. According to the
report, 100 reusability of collapsible rigid
containers, which has significantly complemented
productivity in transport and logistics, will
continue to propel the market growth.
5Collapsible Rigid Containers Market Analysis
- Bulk packaging applications across multiple end
use industries will significantly boost growth of
collapsible rigid containers market. Just-under
30 share of the total sales volume of
collapsible rigid containers is accounted by
consumption in chemical industry, followed by
food and beverages. Automotive, agriculture, and
pharmaceuticals also remain among the significant
end use consumers of collapsible rigid
containers, according to FMI. - Demand for Foldable IBCs to Gain Uptick, Plastic
Most Preferred Material Choice - Light weight, easy handling, and economic costs
remain the key demand determining attributes of
crates in collapsible rigid containers market.
Crates continue to remain preferred collapsible
rigid containers, with sales driven by their
innate unparalleled competency to other
variants in terms of cost, handling, and
lightweight. According to the study, crates
currently account for over 80 of overall
collapsible rigid container sales.
6Collapsible Rigid Containers Market Analysis
- The report opines that foldable IBCs will witness
healthy demand growth, attributed to their space
and cost efficiency, convenient handling, and
environmental suitability for bulk packaging of
hazardous and non-hazardous fluids. As the demand
for cost effective bulk packaging continues to
rise, a higher Y-o-Y growth is projected for
foldable IBCs in 2019. - Over 90 of collapsible rigid containers sold are
made of plastic, whereas metal and other
materials such as wood account for the remaining
volume of sales. Although multiple advantages
associated with plastic containers continue to
reign supreme over those offered by wooden or
corrugated box containers, popularity of
non-plastics is visibly growing over the recent
past. The global sustainable drive is pushing use
of raw materials other than plastic, which is
translating into increasing preference for wooden
collapsible rigid containers in coming years.
7Collapsible Rigid Containers Market Analysis
Global collapsible rigid containers market is a
highly fragmented landscape and most of the
prominent players are maintaining their strategic
focus on mergers and acquisitions. Schoeller Arca
System (SAS) accomplished a merger with an Indian
polymer manufacturer, Time Technoplast Ltd.,
(TTL). The newly formed collaboration is named
Schoeller Arca Time Materials Handling
Solutions. Some companies are also prioritizing
new product launches in the collapsible rigid
containers market. Cherry's Industrial Equipment
announced the expansion targeting the innovation
of a new collapsible rigid containers variant,
i.e. wire mesh collapsible rigid
containers. Supported by EFSA (European Food
Safety Authority), the European giant in
returnable plastic packaging landscape, Schoeller
Allibert Services B.V. is firming up the
sustainable footprint in collapsible rigid
containers market. To curtail the levels of
conventional packaging waste and concentrate on
green branding, the company is directly involved
in providing end-to-end assistance for re-using
and recycling of returnable plastic materials.
8Collapsible Rigid Containers Market Analysis
FMI's report also sheds light on the strategic
profiles of several other players active in
collapsible rigid containers market, such as
Brambles Limited, Supreme Industries Limited, DS
Smith Plastics Ltd., SSI Schäfer AG, ORBIS
Corporation, Dynawest Limited, Ac Buckhorn LLC,
Myers Industries, Inc., Rehrig Pacific Company,
Inc., Bulk Handling Australia Group Pty Ltd., A.
R. Arena Products Inc., Dalian CIMC Logistics
Equipment Co., Ltd., and TPS Rental Systems Ltd.
among others. Press Release Source
https//www.prnewswire.com/news-releases/collapsib
le-rigid-containers-market-is-expected-to-grow-at-
a-cagr-of-4-9-by-the-end-of-2027--300799602.html
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9Collapsible Rigid Containers Market Analysis
- About Future Market Insights (FMI)
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competition. - More from FMIs Packaging Market Intelligence
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10Collapsible Rigid Containers Market Analysis
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