Press release
Returnable Plastic Crates Market is estimated to grow at a CAGR of 5.5% over the forecast period
RPCs are used for the storage of various fresh products for shipping them from one place to another. These crates are of several types such as stackable, nestable and collapsible and are used based on several end uses and needs.
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Global Returnable Plastic Crates Market: Segmental Forecast
The global market for RPCs is segmented based on product type, material type, capacity, application and region.
On the basis of product type, the global market for RPCs is segmented into stackable, nestable and collapsible. On the basis of material type, the global RPC market is segmented into HDPE, PP and others. In addition, based on the capacity, the global RPC market is segmented into less than 10 Kg, 10 Kg to 20 Kg, 20 Kg to 35 Kg, 35 Kg to 50 Kg and more than 50 Kg.
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Furthermore, based on the applications, the global RPC market is segmented into agriculture, grocery distribution, dairy, bakery, seafood, poultry & meat and other manufacturing.
Exploring Growth Opportunities in Dairy Industry
Retailers and distributors in the global dairy industry bank on rigid packaging formats for bulk transportation of packaged milk and other dairy products. Returnable plastic crates such as nestable crates, stackable crates, and collapsible crates allow transportation with minimum hassles, and offer enhanced protection to products.
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Manufacturers should tap this opportunistic growth potential in the dairy industry, especially in countries - India, and the US - which are the leading milk producers, worldwide.
FREQUENTLY ASKED QUESTIONS ABOUT GLOBAL RETURNABLE PLASTIC CRATES MARKET
Which application area holds potential growth opportunities for market players?
The agriculture sector is expected to offer lucrative opportunities, attributable to the growing demand for returnable plastic crates for the bulk packaging of fresh produce and horticulture products.
What are the future prospects of the returnable plastic crates market?
There will be a slight increase in the demand for returnable plastic crates over the next decade, on the back of impressive growth in the agriculture sector. Increasing transportation of seafood, meat, and poultry in developing nations is also expected to offer better growth prospects to players in the global returnable plastic crates market.
Which region will dominate the global returnable plastic crates market?
North America and Western Europe are expected to dominate the returnable plastic crates market during the forecast period of 2019-2029. Rapid growth and penetration of supermarkets, hypermarkets, and retail distributors that serve better packaged goods in these regions are vital factors that are boosting market growth in these mature markets.
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