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The India Plastic Crates Market size is estimated to grow by USD 359.9 million, at a CAGR of 8.08% between 2023 and 2028. The market is experiencing significant growth, driven by globalization and increasing international trade, which has led to an escalating demand for efficient and durable packaging solutions, particularly those utilizing polyethylene (PE) due to its versatility and durability. Another key trend is the advent of plasticulture, where plastic crates are increasingly being used in agriculture and horticulture for the transportation and storage of produce. However, the market also faces challenges, including the growing concern over plastic waste pollution, which has led to stricter regulations and consumer pressure for eco-friendly alternatives. To mitigate this, manufacturers are investing in research and development to produce biodegradable and recyclable plastic crates, ensuring sustainable growth for the market. In summary, the plastic crates market is witnessing growth due to globalization and the adoption of plasticulture, while facing challenges related to plastic waste pollution, which is driving innovation and the development of eco-friendly alternatives.
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Plastic crates are a popular choice for various industries due to their durability, versatility, and stackability. These crates are made from high density polyethylene (HDPE) or polyvinyl chloride (PVC), providing excellent strength and flexibility. Plastic crates offer weather protection, making them suitable for outdoor use and transportation. They are widely used in bulk packaging and returnable packaging systems, especially in industries like food and beverage, fast food, and international trade. Corrugated fibreboard and wooden crates are alternative options, but plastic crates have an edge when it comes to temperature stability, which is crucial for packaged food. With the rise of online shopping and home delivery, plastic crates have become essential for ensuring the safe transportation of goods. Their sustainability is another advantage, as they can be reused and recycled. In the food preservation industry, plastic crates are mass-produced to meet the demand for sustainable products. They are available in various sizes and can be customized to fit specific requirements. The fast food industry also relies on plastic crates for their strength, durability, and stackability, making them ideal for transporting food products. Plastic crates are also used in temperature-controlled environments, High-performance films, such as cold storage facilities, to maintain the quality of perishable goods. The market is expected to grow due to their benefits in terms of durability, versatility, and sustainability. In the e-commerce and online food orders sector, safe packaging practices are crucial, with innovations in production technology leading to the use of reusable crates and cardboard packaging to ensure temperature maintenance during export activities; no contact delivery options further enhance customer convenience and safety. Our researchers analyzed the data with 2023 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 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 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 Market 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 185.30 million in 2018. 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 market forecast report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in USD Million for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
Plastic crates have gained significant popularity in various industries due to their durability, versatility, and stackability. These crates offer an effective alternative to traditional packaging materials like corrugated fibreboard and wooden crates. Plastic crates provide excellent weather protection, making them suitable for transporting goods in extreme temperatures. In the age of online shopping and home delivery, plastic crates play a crucial role in ensuring temperature stability during transportation of packaged food items. Customized crates are available to cater to specific industry requirements, such as agriculture, food and beverage, and logistics distribution. International trade relies heavily on plastic crates for the safe transportation of goods.
Furthermore, their reusable nature reduces packaging waste and contributes to sustainable products. Product approval regulations ensure that plastic crates meet necessary biodegradable properties and high-performance film standards. Plastic crates are mass-produced using materials like polyethylene (PE) and polypropylene, ensuring affordability and availability. They are lightweight, corrosion-resistant, and moisture-resistant, making them ideal for various applications. Modern plastic crates come with RFID tags for easy tracking and management during transportation. They are customizable, returnable, and can be stacked for bulk packaging. Plastic crates contribute to environmental initiatives by reducing the need for non-biodegradable packaging materials in trade activities.
Market Scope |
|
Report Coverage |
Details |
Page number |
143 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.08% |
Market growth 2024-2028 |
USD 359.9 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
7.31 |
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, Market growth and Market Forecasting, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for Market 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 Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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