Global Foldable Crates - Market Overview
Foldable crates are the rigid crates that can be folded when empty. Foldable crates are used for the efficient and protective packaging of products. Foldable crates have various end users such as food & beverages, pharmaceutical, automotive, transport & shipping industries etc. Foldable crates have various attractive features such as reusable, durable, weatherproof, stackable etc. Foldable crates provide more protection as compared to the cardboard boxes and have longer life. Foldable crates are of different types such as perforated, non-perforated etc. Foldable crates are used for the transportation of fruits & vegetables. Foldable crates are stackable when empty which saves space. The market for foldable crates is growing with increasing demand for protective and efficient packaging. Small and sensitive parts of the automobile vehicles which needs to be packed in the protective packaging are packed in foldable crates. Foldable crates are made up of various materials such as HDPE, PP, CPP, PET, metals, wood and others. The perforated foldable crates have good ventilation for air passing. Choosing the right packaging solution is the most important decision before transportation and shipping of the products.
Global Foldable Crates - Market Dynamics
The global market for foldable crates is anticipated to grow significantly during the forecast period 2017-2025. The global foldable crates market is growing on the backdrop of protective packaging of sensitive and fragile products. The foldable crates market is driven by the food, healthcare, and automotive industries. Food & beverages industries use foldable crates for efficient packaging of the food products such as fruits, vegetables, beverage bottles, milk bottles etc. The transportation of the vegetables and fruits becomes easy and safe by packing in the foldable crates. One of the key factor propelling the foldable crates market is the fold ability of the crates when empty, saves valuable space. Another factor contributing towards the growth of the global foldable crates market is the protective packaging solutions for packaging of sensitive and fragile products. These factors have increased the demand for convenient and protective packaging solutions. The transportation becomes easy and efficient due to the less space consumption when the crates are empty and can be folded. The hindrance in the growth of the global foldable crates market is the high production cost and the environmental issues from the recycling of plastic used in foldable crates.
Global Foldable Crates - Market Segmentation
The global foldable crates market is segmented on the basis of product type, material type, and end user base.
- On the basis of the product type, foldable crates are segmented into different types such as perforated, non-perforated type etc.
- On the basis of the material type, foldable crates are segmented in the HDPE, PP, CPP, PET, metals, wood and others.
- On the basis of the end user base, foldable crates are widely used in food & beverages, automotive, chemical, pharmaceutical, personal care, transportation and others.
Global Foldable Crates Market - Regional Outlook
The global foldable crates market has been segmented on the basis of the region into North America, Europe, Asia-Pacific Excluding Japan (APEJ), Middle East & Africa (MEA), and Latin America. Among these regions, North-America and Asia-Pacific (APAC) expected to be the largest propellers in terms of volume and value because of increasing protective solutions in the developed countries as compared to the conventional packaging solutions.
Global Foldable Crates Market - Key Players
Some of the major key players in the global foldable crates market are Viscount Plastics Ltd, Schoeller Arca Time Materials Handling Solutions, Nilkamal Ltd., Sino Holdings Group, Precision Box Crating & Packaging Experts, Baltic Pallet Pooling, Ltd., MPH Group, Shanghai Join Plastic Products Co.,Ltd., NEFAB Group, PPS Midlands Limited, and others.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.