Press release
Foldable Container Market to Reach USD 2.0 Billion by 2034 Amid Rising Demand for Sustainable Storage Solutions
Foldable Container Market
The growing demand for foldable containers stems from their ability to save volume and reduce costs for packaging goods across various industries. These containers, manufactured from plastic, wood, and metal, are becoming essential for transportation and storage, especially in urban markets of emerging economies like China and India.
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Additionally, the market is witnessing increased adoption of foldable containers for frozen and refrigerated foods and beverages, a trend driven by the fast-paced growth of metropolitan regions.
Key Drivers of Market Growth
• Cost-Effective and Sustainable Solutions: Manufacturers are introducing innovative collapsible containers that enhance operational efficiency, reduce transportation costs, and meet sustainability goals.
• Technological Advancements: The development of anti-scratch packaging solutions and material innovations is bolstering the market. These advancements cater to the growing demand for economical bulk packaging containers.
• Diverse Applications: Foldable containers are increasingly used in agricultural storage, industrial storage, and goods transportation, further broadening their market appeal.
• Rising Popularity of Returnable Packaging: Returnable plastic crates and pallet boxes are becoming a preferred choice among businesses, enhancing the sustainability quotient of logistics operations.
The foldable container sector is primed for continuous growth, supported by its versatility, cost-effectiveness, and sustainability. Manufacturers are expected to leverage innovation and technological progress to meet the evolving needs of industries and consumers alike.
Key Takeaways: Foldable Container Market
• China's foldable containers industry is growing at a CAGR of 4.6% from 2024 to 2034.
• Thailand is expected to achieve a CAGR of 4.3% through 2034.
• South Korea's foldable containers industry is expanding at a CAGR of 2.3% from 2024 to 2034.
• Spain's collapsible containers market is set to grow at a CAGR of 2.1% through 2034.
• India's foldable storage box sector is projected to register a CAGR of 6.0% by 2034.
• Crates for shipping hold a significant market share of 44.1% in 2024.
• Paperboard-based foldable containers are anticipated to capture approximately 51.3% of the market share in 2024.
Market players shaping the outlook of the global market.
The foldable container industry is experiencing an increase in demand due to bulk transportation and the expansion of logistical activities. This has led to an increase in demand for foldable storage boxes across a variety of industries.
Key worldwide players are expanding their product portfolios by introducing innovative bulk storage containers, including foldable ones, and extending their footprint and revenues by showcasing their distinctive items at trade shows.
To acquire a global competitive advantage, businesses are expanding their capabilities and growing revenues through strategies such as product launches, facility expansions, mergers and acquisitions, partnerships, and collaborations.
Recent Developments in the Market
• Cabka, a transport packaging company based in the United States, teamed up with Red Bull and BMW in March 2024 to create two load carriers: the BigBag S5 pallet and the CabFold Hybrid.
• Tosca, a leading manufacturer of plastic crates and pallets in the United States, will launch a new life cycle analysis tool in May 2023, recommending that companies switch to its foldable Intermediate Bulk Container (IBC) solutions to reduce greenhouse gas emissions, fossil fuel and water usage in bulk liquid transportation.
• In December 2022, SABIC and Cabka worked together to develop lightweight, flame-retardant, and recyclable polymer solutions for the CabCube folding pallet box, improving processability, compression strength, impact, and weight reduction.
• Guardiaris and Continest, Slovenian and Hungarian enterprises, will launch the Mobile Training Center (MTC) at GSOF Symposium Europe in October 2022, providing a mobile, infrastructure-independent tactical and marksmanship training solution. The MTC is designed in a foldable container.
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Key Companies
• Monoflo International
• Schoeller Allibert Services B.V.
• DS Smith Plc
• Steel King Industries, Inc.
• Sintex Group
• IPL Plactics Inc
• Dolav UK Limited
• Bekuplast GmbH
• Intech Worldwide GmbH
• Fletcher European
• Corplex UK
• Enco Plastic Limited
• Shanghai Join Plastic Co., Ltd
Key Segments
By Material:
• Plastic
• Metal
• Paperboard
By Product Type:
• Boxes and Cartons
• Crates
• Jerry Cans
• Pallet Boxes
• IBC
By End Use:
• Food and Beverage
• Pharmaceutical
• Chemical and Fertilizer
• Building and Construction
• Shipping and Logistics
• Other Consumer Goods
By Region:
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa
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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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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