Returnable Plastic Crates Market is expected to reach US$ 1.6 Billion in 2022

The returnable plastic crates market synopsis shows that the value of overall returnable plastic crates market is expected to witness a spike at a year-on-year (Y-o-Y) growth of 5.4% in 2021-2022. The returnable plastic crates market is anticipated to be led by the North American region which is projected to capture a significant market share of 30.8% in 2022.

FMI estimates that in 2022, the Spain returnable plastic crates market will increase 5.8% year on year. Across the whole of Western Europe, total revenue of returnable plastic crates is forecast to reach USD 417.3 Million in 2022

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Key Takeaways of Returnable Plastic Crates Market Study

By material type, high density polyethylene is anticipated to be a key segment in returnable plastic crates market, and is projected to capture more than 65% of the market share during the forecast period.
Demand from manufacturers of seafood, meat & poultry, and agriculture products is collectively expected to capture around 75% of the global returnable plastic crates market share, with its absolute growth expected to be more than any other segment.
Asia Pacific Excluding Japan is expected to dominate the global returnable plastic crates market, and is expected to witness an impressive CAGR through 2022-2029.
Increasing Use of RPCs for Logistics and Transportation of Bulk Materials in North America and Europe

Rapid adoption of returnable plastic crates in the mature markets of North America and Europe for the bulk packaging of fresh produce, dairy, bakery, seafood, meat, and grocery is largely driven by consumer and market demand for high quality products. Moreover, the large number of manufacturers and distributors of returnable plastic crates in these regions boosts market growth.

Manufacturers supply large volumes of returnable plastic crates and containers to meet the global demand for effective storage solutions, and to be a part of this rapidly growing market.

Additionally, returnable plastic crates are also available in various dimensions, and custom colours and logo designs, which attracts customer towards products in supermarkets and hypermarkets. Availability of better logistics and supply chains management for the fast growing packaged food and FMCG sectors offers lucrative opportunities for the returnable plastic crates market in these regions.

One of the global providers of returnable plastic crates, Brambles Ltd., claims that it owns around 330 million pallets, crates, and containers, with over 750 service centers across the globe.
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Competitive Landscape

Leading returnable plastic crates manufacturers are committed to the research and development of the product and are consistently offering innovative returnable plastic cratesba solutions targeted towards specific end use.

Companies operating in the returnable plastic crates market are aiming at product launches and expansions with other manufacturers.

In November 2021, Craemer has launched large volume 300 litre rotary stacking container which once used can save 70 percent of space until further usage.
In November 2021, DS Smith Plc developed a fully recyclable and reusable tray which has features such as two lateral automatic bases.
Key Companies Profiled

Brambles Limited
Myers Industries Inc.
Supreme Industries Limited
Schoeller Allibert Services B.V.
DS Smith PLC
Rehrig Pacific Company Inc.
TranPak Inc.
IPL Plastics Inc.
RPP Containers
Craemer UK Limited
Dynawest Limited
Dolav UK Limited
Returnable Plastic Crates Market By Category

By Capacity :

Less than 10 Kg
10 Kg to 20 Kg
21 Kg to 35 Kg
36 Kg to 50 Kg
Above 50 Kg
By Product Type :

Stackable
Nestable
Collapsible
By Material :

High Density Polyethylene (HDPE)
Polypropylene (PP)
Others
By Application :

Agriculture
Grocery
Dairy
Bakery
Seafood & Meat
Others
By Region :

North America
Latin America
Western Europe
Eastern Europe
Asia Pacific (APAC)
Middle East and Africa (MEA)
Japan
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This release was published on openPR.