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The India - Plastic Crates Market size is estimated to grow at a CAGR of 8.09% between 2022 and 2027. The market size is forecast to increase by USD 336.79 million. The growth of the market depends on several factors, such as globalization and increasing international trade, the growing adoption of plastic crates, and the growth of different end-user industries.
This India Plastic Crates Market report extensively covers end-users (food and beverages, industrial, retail, pharmaceutical, and others) and materials (PE, PP, PVC, and others). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The growth of different end-user industries is driving growth in the India plastic crates market. To foster regional cooperation, the Indian Government is increasing foreign trade and implementing a number of initiatives and domestic enterprises have led to extensive industrialization and resulted in the growth of various industries, including F and B, pharmaceutical, and retail. India is witnessing evolution in terms of consumer lifestyle and preferences.
Moreover, the positive policy support through initiatives such as Make in India and industry-specific incentives for various manufacturing companies are also promoting the growth of various industries, the demand for efficient operations has increased, leading to a rise in the use of plastic crates. With the growth in various end-user industries, the demand for plastic crates for the efficient storage and transportation of goods will increase during the forecast period.
The increasing focus on recycling and management of plastic waste is a key trend in the India plastic crates market. While the usage and benefits of plastics are manifold, they are also invariably major polluting materials. The collection and recycling of plastics, as set out in national guidelines, are becoming increasingly important with a view to addressing the pollution problem effectively. In India, the focus on recycling plastics gained more popularity after a recent series of bans on single-use plastics as well as a growing commitment toward the recycling of plastics by the current Indian government.
However, the segregation is incomplete without proper investment in the development of recycling centers. The increased recycling of plastics and the quantity of plastic waste management are anticipated as a result of consumer awareness and government support. It is expected to positively impact the growth of the India - Plastic Crates Market, as the plastic crates will not be viewed as an environmental threat and will attain greater adoption in the country during the forecast period.
The growing price pressure on companies is a major challenge in the India plastic crates market. Increasing volatility in prices and steadily rising raw material prices are challenges for plastic crates vendors in India. The increases in the volatility of input prices for materials have made it more difficult for plastic crate producers to compete, as their manufacturing costs have increased. The volatile pricing of raw materials is estimated to negatively impact the margins of vendors and create a hindrance to the growth of the India - Plastic Crates Market.
Moreover, incidents such as the recent attack on oil fields in Saudi Arabia also add to the increasing prices of crude oil. Thus, the prices of plastic crates are affected by the volatile price of oil and fluctuations in exchange rates, which is a challenge for the India - Plastic Crates Market. Due to such factors, the market will grow moderately during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Plastic Crates Market in India Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Aristoplast Products Pvt. Ltd.- The company offers plastic crates such as 53200 SP crates, 53200 CHCC and FB crates, and 43320 CC and FB crates.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The food and beverages segment is estimated to witness significant growth during the forecast period. The market share growth by the food and beverages segment will be significant during the forecast period. Food processing accounts for around 9% of the Indian manufacturing industry and has been experiencing above-average growth in recent years. This sector is a very fragmented industry and approximately 42% of its processing takes place in the unorganized sector.
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The food and beverages segment was the largest segment and was valued at USD 176.32 million in 2017. Plastic crates are used to store and transport packaged food and beverages. Automated stacking machinery high-pressure washing, sterilization, and temperature changes from the warehouse to refrigeration. can be handled by plastic crates. These features make plastic crates user-friendly, convenient, and efficient for the F&B industry.
PE plastic crates are versatile and can be used in various industries such as agriculture, food and beverage, logistics, automotive, and pharmaceuticals. They are suitable for transporting and storing a wide range of goods, from fresh produce to manufactured products. Due to the large coastline in India, most coastal regions have a very high humidity and this has led to increased demand for HDPE-based crates. The high demand for PE (polyethylene) plastic crates is influenced by various factors, including their versatility, durability, and suitability for a wide range of applications, which is expected to boost the growth of the PR segment as well as the market in focus during the forecast period.
The India Plastic Crates Market report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Plastic Crates Market In India Scope |
|
Report Coverage |
Details |
Page number |
136 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.09% |
Market growth 2023-2027 |
USD 336.79 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
6.99 |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Aristoplast Products Pvt. Ltd., Bright Brothers Ltd., Brix Industries, Croma Plast Pvt. Ltd., Esquire Multiplast Pvt. Ltd., K.M.S. Plastworld Pvt. Ltd., MPH Group, National Plastics, Nilkamal Ltd., R.R. Enterprises, Rita International, Samruddhi Industries Ltd., Signet Industries Ltd., Sri Kamakshi Enterprises. , Sunshine Plastics, Swift Technoplast Pvt. Ltd., The Supreme Industries Ltd., VIP Plastics, Vishakha Mouldings P. Ltd., and White Plaast |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Material
8 Customer Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
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