The global sales of stackable container are estimated to be worth USD 16.2 billion in 2021 and are anticipated to reach a value of USD 25.5 billion by 2031. Sales are projected to rise at a CAGR of 4.7% over the forecast period between 2021 and 2031. The revenue generated by stackable container in 2020 was USD 15.5 billion.
The major factors driving this stackable container market are growing demands emanating from the retail, food and beverage, and manufacturing industries for efficient ways of storage and logistics. The growth in e-commerce and global trade has accelerated demand for space-saving and easily transportable containers, which have become a means of optimizing warehouse and shipping efficiency.
Innovations in container materials include lightweight and durable options that enhance handling while reducing transportation costs. Apart from this, the sustainability issue also encourages the manufacturing of environmentally friendly and recyclable stackable containers. All these factors combined with a focus on operation expenditure reduction and improvement in the supply chain management create market demand.
Global Stackable Container Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 15.5 billion |
| Estimated Size, 2021 | USD 16.2 billion |
| Projected Size, 2031 | USD 25.5 billion |
| Value-based CAGR (2021 to 2031) | 4.7% |
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Containers which are stacked vertically and secured horizontally by stackers, lashing etc. are called stackable containers. Packaging contributes significantly to the product's value.
The market is predicted to grow in response to rising demand for protective packaging from the food and pharmaceutical industries in order to extend the shelf life of finished goods.
Because of its creative visual appeal for customer attractiveness and convenience, stackable container are becoming increasingly popular.
Changing lifestyles and food choices in developing nations such as China and India are likely to broaden the appeal of convenience foods, boosting packaging's utility.
The expanding adoption of novel technologies such as biodegradable packaging and aseptic packaging is predicted to play a critical role in extending product shelf life. Consumers are looking for innovative packaging items with a long shelf life because shelf life is regarded one of the most essential characteristics of a product.
Companies have developed alternate methods in response to the growing need for lightweight packaging. By shielding the product from oxygen, moisture, and other possible agents such as bacteria, the shelf life of the product can be increased. As a result, stackable container are the protective mediums with high barrier qualities that can protect the product from a variety of deteriorating agents.
The increasing relevance of e-commerce as a shopping medium on a global scale, as a result of the growing number of smartphone users, is predicted to play a key role in broadening the scope of packaging.
Concerns about non-degradable plastics are driving producers to create environmentally friendly, long-lasting plastic containers in order to attract new customers. In the face of a shaky global political infrastructure and subpar product designs, which have resulted in billions of tonnes of plastic garbage piling up in landfills, opportunities abound.
Principal Consultant
Plastic is the most preferred material for bottled water, carbonated soft drinks, and juice packaging because of its many advantages for both makers and customers. Plastic is a non-toxic and robust material that is also recyclable.
Plastic containers are used to carry about 70 percent of juice, mineral water, soft drinks. Furthermore, rising urbanisation and rising spending on cosmetics and home cleaners are predicted to expand HDPE packaging's application.
The price of raw materials for containers continues to fluctuate, limiting the expansion of the market. Local and regional regulations established by various administrative entities.
Strict anti-regulatory implications have been put on the usage of plastic material, which has had a significant impact on the demand. Market Revenue has had difficulties as a result of this.
With barely a tenth of discarded conventional plastics recycled globally, the need to produce environmentally friendly alternatives only serves to motivate major corporations to spend heavily in the field, providing sustainable options to minimise carbon footprints.
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need
and save 40%!
The following global key players such as
As China is an emerging economy, there is a steady increase in household income which directly affects the standard of living in middle-class families, as a result, there is a large consumption of extra income flowing to the food and beverage industries which are accounting for the increase in demand.
Also, low manufacturing and machines component cost in China is further escalate the market growth in China. Skyrocketing demand for convenient packaging products will propel the demand of the market over the forecast period.
Owing to the growth in the latest technology which has led to mark the innovation in stackable container manufacturing has created a significant demand for these container. Also, presence of the key players involved in the manufacturing of the stackable container is creating a significant impact on the growth of the market.
Explore Packaging Insights
View Reports
Stackable Container Market
