Collapsible Rigid Containers Market Poised for Robust Growth: Projected to Reach $2.74 Billion by 2033 with a 4.9% CAGR

The global collapsible rigid containers market is poised to achieve a valuation of $1.70 billion in 2023 and is projected to expand at a commendable CAGR of 4.9% from 2023 to 2033, ultimately reaching approximately $2.74 billion by 2033.

Anticipated market revenues will be driven significantly by the top three countries, collectively accounting for 35-40% of the global market. Within the material category, plastic collapsible rigid containers are foreseen to dominate with an estimated 80% share by 2032. This dominance is attributed to the manifold advantages offered by plastic collapsible rigid containers, encompassing robustness, lightweight, durability, and efficient folding and stacking capabilities.

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The collapsible rigid containers market stands on the brink of substantial growth, propelled by the emphasis on streamlined supply chains and sustainability. As businesses prioritize these aspects, such containers emerge as favored packaging solutions.

The rising integration of automation across diverse sectors contributes significantly, with containers designed for seamless interaction with automated systems. Given their standardized dimensions and ease of handling, collapsible rigid containers aptly align with the requirements of automation-driven material handling systems.

Crucial for transporting materials, alleviating storage challenges, and reducing costs, collapsible rigid containers made from materials like metal, plastic, and wood have gained prominence. Their lightweight nature, durability, and reusability facilitate the secure transportation of various materials while minimizing the risk of damage.

# Demand for Foldable IBCs to Gain Uptick, Plastic Most Preferred Material Choice

Lightweight, 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.

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.

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.

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.

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# Key Segments Covered in the Collapsible Rigid Containers Market

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.)

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About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

This release was published on openPR.