Plastic Crates Market size in India to grow by USD 336.79 million from 2022 to 2027, The growth of different end-user industries to drive the growth - Technavio

NEW YORK, Nov. 26, 2023 /PRNewswire/ -- The plastic crates market in India is expected to grow by USD 336.79 million between 2022 and 2027. However, the growth momentum of the market will progress at a CAGR of 8.09% during the forecast period. The market is segmented by end-users (food and beverages, industrial, retail, pharmaceutical, and others) and materials (PE, PP, PVC, and others). The growth of different end-user industries is a key factor driving market growth. The Indian government is increasing foreign trade and taking several initiatives. Domestic companies have led to extensive industrialization and promoted the development of various industries, including food and beverages, pharmaceuticals, and retail, to promote regional cooperation. Hence, these factors are expected to drive market growth during the forecast period. The report analyses the market size and growth and provides accurate predictions of the market's growth. View a PDF Sample 

Key Highlights:

• The report recognizes the following as some of the key players in the plastic crates market in India: 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
• Plastic Crates Market in India is fragmented in nature.
• Market to observe 6.99% YOY growth in 2023.

Market Dynamics:

Market Trend

• The increasing focus on recycling and management of plastic waste is a major trend in the market.
• To address the problem of pollution in an effective way, plastic collection and recycling have become increasingly relevant as set out in National Guidelines.
• Moreover, due to consumer awareness and government support, it is anticipated that there will be an increased recycling of plastics as well as a higher proportion of Plastic waste management.
• Hence, these factors are expected to drive market growth during the forecast period.

Significant Challenge

• The growing price pressure on companies is a significant challenge restricting market growth.
• In India, producers of plastic crates are challenged by increased volatility in prices and persistent price increases for raw materials.
• Moreover, since the manufacturing costs have risen, it has become less attractive for plastic crate makers to compete because of rising material input price volatility.
• Hence, these factors are expected to restrict market growth during the forecast period.

The report also covers information on upcoming trends and challenges. Explore detailed information by purchasing a report

Keg Segments:

• The food and beverages segment is estimated to witness significant growth during the forecast period. Food processing represents approximately 9% of India's production sector and has experienced growth over the last years at a rate that is higher than normal. This sector has a very fragmented character, with almost 40 % of its processing taking place in the unorganized sector. Furthermore, automated stacking machinery high-pressure washing, sterilization, and temperature changes from the warehouse to refrigeration can be handled by plastic crates.

Get a glance at the market contribution of the segments, Request a Sample Report

The apparel logistics market size is estimated to grow at a CAGR of 6.52% between 2022 and 2027. The market size is forecast to increase by USD 40.17 billion.

The project logistics market size is estimated to grow at a CAGR of 4.3% between 2023 and 2028. The market size is forecast to increase by USD 59.41 billion.

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Material

Market Segmentation by End-users

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base comprises enterprises of all sizes, including over 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio