The foldable container market size is estimated at USD 1.5 billion in 2024 and is projected to reach USD 2.0 billion by 2034, exhibiting a CAGR of 3.50%.
The growth of the foldable container market is due to the demand for sustainable and eco-friendly storage solutions and the popularity of shipping and logistics operations.
Consumption Analysis of the Market
Attributes | Details |
---|---|
Market Value for 2024 | USD 1.5 billion |
Market Value for 2034 | USD 2.0 billion |
Market Forecast CAGR for 2024 to 2034 | 3.50% |
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The global demand has historically developed at a CAGR of 2.90%. However, sales have increased at a prompter pace, displaying a CAGR of 3.50% from 2024 to 2034.
Attributes | Details |
---|---|
Market Historical CAGR for 2019 to 2023 | 2.90% |
Foldable rigid containers offer benefits like improved shelf life and durability, but their high investment is anticipated to limit market expansion. Utilization of alternative shipping options is also envisioned to impact demand and decrease popularity.
Acute aspects that are anticipated to influence the demand for foldable containers through 2034.
Mounting Movement of Omni-Channel Trade Caters the Demand for Collapsible Rigid Containers
Sustainability Transits the Demand for Collapsible Containers
Unique Trend of Tiny Homes Shelters the Demand for Foldable Container
An in-depth segmental analysis of the market indicates that containers made up of paperboard material are in significant demand. Similarly, crates develop an emergent demand as a convenient product.
Attributes | Details |
---|---|
Top Product Type | Crates |
Market share in 2024 | 44.1% |
The need for crates for shipping is significant in 2024, holding a market share of 44.1%. The subsequent aspects display the demand for crates:
Attributes | Details |
---|---|
Top Material | Paperboard |
Market share in 2024 | 51.3% |
The foldable container made of paperboard is anticipated to acquire almost 51.3% market share in 2024. The demand for foldable paper containers is due to the following aspects:
The following section explains the demand for foldable containers in various countries. Chinese and Indian industries are experiencing intermediate growth in the upcoming decade, while Thailand and South Korea are progressing sluggishly in the foldable storage box market, with Spain having one of the lowest CAGRs among other nations.
Countries | CAGR from 2024 to 2034 |
---|---|
Spain | 2.1% |
Thailand | 4.3% |
China | 4.6% |
India | 6.0% |
South Korea | 2.3% |
The Indian foldable storage box sector is projected to register a CAGR of 6.0% by 2034 due to the easy availability of raw materials such as plastic in the country and the high demand for bulk packaging solutions in various end-use industries.
India is emerging as a preferred hub for the plastic packaging industry due to its stable growth, particularly in export operations. The demand for collapsible rigid containers makes the Indian market a promising investment opportunity.
Plastics are increasingly used in packaging due to their lightweight, durability, cost-effectiveness, and strength. This is motivating market growth in India by producing crates and pallet boxes.
China's foldable containers industry is experiencing a 4.6% CAGR growth from 2024 to 2034, propelled by its demand for efficient and cost-effective logistics solutions across various sectors.
China's e-commerce industry is compelling substantial growth in the foldable shipping container market. This is due to the need for efficient and reliable packaging solutions for efficient goods storage and transport.
China's government promotes environmentally friendly packaging options and enforces regulations to elevate sustainability and recycling. The ban on single-use plastics and regulations to reduce packaging waste is desired to accelerate industry growth.
Thailand is estimated to register a CAGR of 4.3% through 2034, with the development of the collapsible rigid containers market due to the demand for secure and safe industrial containers in the chemical industry.
The maturing chemical industry in Thailand is projected to create novel growth prospects for the foldable storage box industry.
The shipping containers sector in Thailand is envisioned to extend due to the presence of packaging plants, continuous product shipments, and increased export trade.
South Korea's foldable containers industry, expanding at 2.3% CAGR from 2024 to 2034, offers unique investment possibilities and quality-driven developments. This makes it a prime destination for innovative shipping solutions.
The demand for foldable bulk containers in South Korea is helmed by the growth of e-commerce, home delivery services, and just-in-time logistics.
South Korean market thrives due to the rise of eco-friendly materials and manufacturing processes compelled by consumer awareness and government initiatives. Manufacturers are incorporating recyclable materials and renewable energy sources, boosting market growth.
The Spanish collapsible containers market is envisioned to register a CAGR of 2.1% through 2034, propelled by demand for cost-effective transportation, sustainability, and space optimization.
Spain's container market has experienced a significant boost due to its comfort of handling, storage, and transportation and the use of cutting-edge technologies and innovative materials.
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The foldable container market is encountering a surge in demand due to bulk shipping and the growth of logistics operations. This has further led to a rise in demand for foldable storage boxes across various sectors.
Key participants in the global sector are developing their product portfolios by launching innovative bulk storage containers, including foldable ones, and increasing their footprint and revenues by presenting their unique products at trade fairs.
Companies are augmenting their capabilities and increasing sales through tactics such as product launches, facility expansions, mergers, acquisitions, partnerships, and collaborations to gain a global competitive edge.
Recent Developments in the Market
The global market was valued at USD 1.5 billion in 2024.
The global foldable container market will be valued at USD 2.0 billion by 2034.
The industry in India is estimated to register a CAGR of 6.0% from 2024 to 2034.
The shipping container market is to register a CAGR of 3.50% from 2024 to 2034.
The collapsible crates are anticipated to acquire a 44.1% market share in 2024.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Material 5.1. Plastic 5.2. Metal 5.3. Paperboard 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type 6.1. Boxes & Cartons 6.2. Crates 6.3. Jerry Cans 6.4. Pallet Boxes 6.5. IBC 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use 7.1. Food & Beverage 7.2. Pharmaceutical 7.3. Chemical & Fertilizer 7.4. Building & Construction 7.5. Shipping & Logistics 7.6. Other Consumer Goods 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Monoflo International 18.2. Schoeller Allibert Services B.V. 18.3. DS Smith Plc 18.4. Steel King Industries, Inc. 18.5. Sintex Group 18.6. IPL Plastics Inc 18.7. Dolav UK Limited 18.8. Bekuplast GmbH 18.9. Intech Worldwide GmbH 18.10. Fletcher European 18.11. Corplex UK 18.12. Enco Plastic Limited 18.13. Shanghai Join Plastic Co., Ltd 18.14. NAECO 18.15. I-Plast Ltd 18.16. Qingdao Guanyu Plastic Co., Ltd. 18.17. Logistic Packaging 18.18. KTP Kunststoff Palettentechnik GmbH 18.19. Tripak Solutions 18.20. Myers Industries, Inc. 19. Assumptions & Acronyms Used 20. Research Methodology
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