Heavy Duty Totes Market: Overview

The rise in the consumer inclination towards lightweight, convenient product packaging has compelled the packaging industry. Heavy duty totes finds major application in logistics industry for transportation of equipment from one end point to another end point. With the increase in adoption of industrial packaging solutions among the industrial users have resulted with the increase in demand of heavy duty totes. With the increase in the performance of the manufacturing sector and industrial output has created the opportunity to drive the growth of the global heavy duty totes market. The heavy duty totes are produced with various capacities ranging from 5 gallon – 23 gallon. Due to eco-friendly, cost-effective, reusable are the feature of heavy duty totes market that is anticipated to grow in terms of value and volume throughout the forecast period. Since there is high correlation between industrial output and demand for industrial packaging with manufacturing sector output has enhanced the demand of the global heavy duty totes market. Growth in demand in various end use industries is expected to ensure positive growth outlook for the global heavy duty totes market.

Heavy Duty Totes Market: Dynamics

The global packaging industry has undergone significant transformation over the past few years, leading to increase in demand of the safe packaging solutions. The global heavy duty totes market is expected to driven by the increase in demand for safe packaging solutions to ensure that the good reach the destinations without damage. Furthermore heavy duty totes reduces cost and is 100 % recyclable, making it an ideal choice for logistics operation. Heavy duty totes finds application in several industry verticals including food & beverage, pharmaceutical industry, chemical industry and automotive industry. Consumers require reliable packaging solution which ensures product safety and are economically feasible. This can be easily achieved with the help of heavy duty totes which ensures product safety and cost-effective packaging solutions. The end user as well as industrial features is expected to drive the global heavy duty totes market. Despite the positive factors there are certain factors which hinder the growth of the global heavy duty totes market. Availability of alternative packaging solutions such as IBC, drums & barrels is anticipated to act as restraint of the global heavy duty totes market.

Heavy Duty Totes Market: Segmentation

The global heavy duty totes market has been segmented as follows -

On the basis of capacity, the global heavy duty totes market has been segmented as:

  • 5 gallon – 10 gallon
  • 10 gallon – 15 gallon
  • 15 gallon – 23 gallon
  • Above 23 gallon 

On the basis of end use industry, the global heavy duty totes market has been segmented as:

  • Food & Beverage
  • Agricultural
  • Pharmaceuticals
  • Chemical
  • Others 

The North America heavy duty totes is expected to be highly attractive in terms of market share of heavy duty totes market during the forecast period. The countries in North America such as U.S. and Canada are considered as the top heavy duty totes consumer countries. The Western Europe region is expected to retain its second position in the global heavy duty totes market, during the forecast period.  The Asia Pacific excluding Japan (APEJ) region is a significant shareholder of the global heavy duty totes market.  Middle East & Africa (MEA) is expected to register a sluggish growth of the global heavy duty totes market. However increase in industrial application is one of the key factor driving the growth of the global heavy duty totes market.  

Heavy Duty Totes Market: Key Players

Few of the leading players operating in the global heavy duty totes market are –

  • The Cary Company
  • Sterillite Corporation
  • Versatote
  • Edge Manufacturing.

Key Industry Development

  • In July, 2015 the company acquired 50% of stake in Time Technoplast in the IBC & heavy duty totes business of Fanshun Packaging Group, a drum manufacturer in South China.

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:

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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
  • Europe
  • Latin America
  • The Middle East and Africa

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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?

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