Returnable Plastic Crates Market Poised for Remarkable Growth, Targeting USD 2.4 Billion Valuation by 2029

The global returnable plastic crates market is currently valued at USD 1.6 billion in 2022 and is projected to surge to USD 2.4 billion by 2029, exhibiting a robust Compound Annual Growth Rate (CAGR) of 5.6% from 2022 to 2029. Within the larger crates market worth USD 5.2 billion in 2022, returnable plastic crates are estimated to hold a substantial market share of 30-31%.

The market overview reveals a prospective year-on-year growth of 5.4% in 2021-2022 for the returnable plastic crates market. Leading the market trajectory, North America is expected to command a significant market share of 30.8% in 2022.

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In Spain, the returnable plastic crates market is anticipated to experience a 5.8% year-on-year growth in 2022. For the entire Western European region, the total revenue for returnable plastic crates is forecasted to attain USD 417.3 million in the same year.

Future Market Insights (FMI) predicts a comprehensive analysis of the dynamic forces shaping the returnable plastic crates market. This assessment encompasses a range of industry factors, including the influence of stringent environmental regulations on packaging waste generated by industries. While these regulations might pose challenges, they are crucial for sustainability and could potentially impact the growth trajectory of the returnable plastic crates market.

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. Furthermore, based on the applications, the global RPC market is segmented into agriculture, grocery distribution, dairy, bakery, seafood, poultry & meat and other manufacturing.

Preview Analysis Returnable Plastic Crates Market Segmentation By Product Type- Stackable, Nestable, Collapsible; Capacity- Less Than 10 Kg, 10 Kg to 20 Kg, 20 Kg to 35 Kg, 35 Kg to 50 Kg, More Than 50 Kg; End Use- Agriculture, Grocery Distribution, Dairy, Bakery, Seafood, Meat & Poultry, Aftermarket: https://www.futuremarketinsights.com/reports/returnable-plastic-crate-market

Global Returnable Plastic Crates Market: Comprehensive Regional Insights

This report assesses the trends that drive each market segment across the various assessed regional markets and offers key takeaways that prove substantially useful for potential market entrants in the RPC market.

The North America RPC market includes a country-level analysis for the U.S. and Canada. The Canada RPC market is expected to grow at a CAGR of 5.7% over the forecast period. The Latin America RPC market includes a country-level analysis for Brazil, Mexico, Argentina and the rest of Latin America. The Mexico RPC market is expected to grow at a CAGR of 6.8% over the forecast period. The Western Europe RPC market includes a country-level analysis for Germany, Italy, U.K., France, Spain, Benelux and the rest of Europe.

Germany and Italy account for a significant market share in the Western Europe RPC market. The Eastern Europe RPC market includes a country-level analysis for Russia, Poland, Ukraine and the rest of Eastern Europe. The Poland RPC market is expected to grow at a CAGR of 5.6% over the forecast period. The Asia Pacific excluding Japan RPC market includes a country-level analysis for China, India, ASEAN, Australia & New Zealand and the rest of APEJ.

The APEJ RPC market is the most lucrative geographic region, wherein India and China are poised to exhibit lucrative growth during the forecast period. The Middle East and Africa (MEA) RPC market includes a country-level analysis for GCC, South Africa, North Africa and the rest of MEA. The Japan RPC market is expected to grow at a CAGR of 5.4% over the forecast period.

This report also discusses individual strategies followed by some of the leading companies operating in the global returnable plastic crates market in terms of enhancing their product portfolio, creating new marketing techniques as well as mergers and acquisitions. The competitive landscape included in the report provides a dashboard view as well as company share to report audiences. Key players operating in the global RPC market include Brambles; Myers Industries, Inc.; Supreme Industries Limited; Schoeller Allibert; DS Smith Plc; Dynawest Ltd; Rehrig Pacific Company; TranPak, Inc.; RPP Containers and Ravensbourn Limited.

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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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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.

This release was published on openPR.