Plastic Crates Market in India by Material and End-users - Forecast and Analysis 2020-2024
- Published: Nov 2019
- Pages: 137
- SKU: IRTNTR40100
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The plastic crates market in India has the potential to grow by USD 270.16 million during 2020-2024, and the market’s growth momentum will accelerate throughout the forecast period.
This report provides a detailed analysis of the market by material (PE, PP, PVC, and others) and end-users (F&B, industrial, retail, pharmaceutical, and others). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors including Aristoplast Products Pvt. Ltd., Cajon Plast (India) Pvt. Ltd., Croma Plast Pvt. Ltd., Galaxy Polymers, K.M.S. Plastworld Pvt. Ltd., Maha Technoplast Pvt. Ltd., Nilkamal Ltd., Samruddhi Industries Ltd., Sintex Plastics Technology Ltd., and The Supreme Industries Ltd.
What will be the Plastic Crates Market Size in India in 2020?
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Who are the Major Plastic Crate Market Vendors in India?
The market is fragmented, and the degree of fragmentation will remain the same during the forecast period. The market is competitive, and to expand its market reach, established vendors are focusing on increasing their investments in international markets. Samruddhi Industries Ltd., Sintex Plastics Technology Ltd., and The Supreme Industries Ltd. are some of the major market participants. Though the accelerating growth momentum will offer immense growth opportunities, the growing price pressure on vendors will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this plastic crates market forecast in India provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this plastic crates market analysis in India also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies in plastic crates market in India, including:
- Aristoplast Products Pvt. Ltd.
- Cajon Plast (India) Pvt. Ltd.
- Croma Plast Pvt. Ltd.
- Galaxy Polymers
- K.M.S. Plastworld Pvt. Ltd.
- Maha Technoplast Pvt. Ltd.
- Nilkamal Ltd.
- Samruddhi Industries Ltd.
- Sintex Plastics Technology Ltd.
- The Supreme Industries Ltd.
What are the Major Material Segments in the Plastic Crates Market in India?
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Because of the benefits such as lightweight and durability, PE is the most widely used plastic. Properties such as moisture resistance, chemical resistance, and easy processing increases its demand in the retail industry. This industry is a heavy user of plastic crates from storage to transportation, as well as for the display of a variety of products. The low cost of plastic crates made of HDPE will increase the usage of plastic crates by companies in the retail industry.
However, market growth in this segment will be slower than the growth of the market in the PVC and other materials segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the plastic crates market size in India.
What are the Major End-user Segments in the Plastic Crates Market in India?
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With the rising personal income of consumers, growing preference for packaged products, and evolving food habits, the use of plastic crates in the Indian food processing industry is also growing. Plastic crates are used in the storage and transportation of packaged food and beverages as it results in easy loading, stacking, and storage. Moreover, plastic crates are user-friendly, convenient, and efficient, which will increase the usage of plastic crates by companies in the F&B industry.
As a result, the plastic crates market in India will witness steady growth in the F&B end-user segment. However, market growth in this segment will be slower than the growth of the market in the retail and pharmaceutical segment.
How will the Growth of End-users Influence Plastic Crates Market Growth in India?
Growing international trade and various initiatives taken by the government to support regional and domestic enterprises have led to extensive industrialization and resulted in the growth of various industries. 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, subsequently driving the demand for plastic crates for efficient operations. Moreover, the increasing disposable income of the Indian population and improving consumer lifestyles, is increasing the demand for retail and packaged food products and bottled beverages. With the growth of various end-user industries, the demand for plastic crates for the efficient storage and transportation of goods will increase over the forecast period.
- The advent of plasticulture in India is expected to transform Indian agriculture and bring in the second green revolution in India.
- Plastics play a major role in energy conservation as they require minimum energy for production and conversion of finished products.
- According to the Indian government and regulatory bodies, the use of plastics in agriculture leads to yield improvement, prevention of weed growth, soil conservation, and reduction in post-harvest losses
- This will, in turn, increase the demand for plastic materials for storing agricultural goods. Moreover, the ease of use, reusability, better storage capacity and ease in transportation, make plastic crates multi-functional and beneficial for use in agriculture.
- As a result, the demand for plastic crates is expected to rise with the widespread of plasticulture trend.
- During 2020-2024, the market will grow at a CAGR of almost 8%.
What are the Key Factors Covered in this Plastic Crates Market Report of India?
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will accelerate the plastic crates market growth in India during the next five years
- Precise estimation of the plastic crates market size in India and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of vendors in plastic crates market in India
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Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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