The plastic crates market expects significant growth due to demand for sustainable packaging solutions

From GlobeNewswire: 2024-11-26 07:30:00

The Plastic Crates Market was valued at $4.2 billion in 2023 and is projected to reach $8 billion by 2032. The growth is driven by the demand for reusable and sustainable packaging solutions across industries, with a shift towards durable alternatives to reduce waste. The e-commerce sector and logistics needs are also contributing to the market’s expansion.

Stackable plastic crates are expected to surpass $2 billion by 2032, with their space-saving design and durability making them ideal for industries like food, agriculture, and retail. The logistics and transportation segment is projected to have the fastest growth, with a CAGR of over 10% from 2024 to 2032 due to the demand for efficient packaging solutions in global supply chains.

North America holds over 30% of the global plastic crates market share, driven by sustainability efforts and the growth of the logistics industry. In China, the market is expanding rapidly due to e-commerce growth and government initiatives promoting sustainable packaging. Companies like Brambles (CHEP) and Nilkamal are key players in the industry.



Read more at GlobeNewswire: Plastic Crates Market to cross USD 8 billion by 2032, Says