Collapsible Rigid Containers Market: Overview
Collapsible rigid containers also known as Foldable Containers have emerged as an innovation to cut the repositioning & handling costs as well as to solve the space shortage problem. Collapsible rigid containers are in high demand owing to the customer requirement who don’t want empty containers to accumulate the same space in a warehouse or on trucks as they do when they are full. These containers can thus be collapsed/unfolded to their number of fractions leading to stability and load capacity. Collapsible rigid containers are made of various materials which include metal, plastic, fiberboard etc. Goods manufacturers can also prefer collapsible rigid containers for shipping goods for long-distance which was not possible in case of other rigid containers. Collapsible rigid containers are used to store & ship packaged food & beverages, ready commodities, raw materials, chemical products, syrups etc.
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Collapsible Rigid Containers Market: Drivers & Restraints
Higher operational performance along with Cost-effectiveness are some crucial factors that drive the demand for collapsible rigid containers and have thus boosted the growth of the collapsible rigid containers market across the globe. Furthermore, Growth in commodity trade, particularly in emerging economies, is expected to drive the global collapsible rigid containers market over the forecast period. On the other hand, higher initial costs along with lack of consumer awareness are two key factors that hinder the growth of collapsible rigid containers market across the globe.
Collapsible Rigid Containers Market: Segmentation
The global collapsible rigid containers market is segmented as follows
On the basis of material type, the collapsible rigid containers market is segmented into:
- Metal Containers
- Plastic Containers
On the basis of design of Container, the collapsible rigid containers market is segmented into:
- Light-duty container
- Medium-duty container
- Heavy-duty container
On the basis of applications, the collapsible rigid containers market is segmented into:
- Food & beverages
- Chemical & pharmaceuticals
- Consumer goods
Collapsible Rigid Containers Market: Segmentation Overview
Collapsible rigid containers are in high demand for convenient & safe shipping of products related to food & beverages, chemical & pharmaceuticals industries. Based on the material type, metal containers especially steel containers are expected to dominate the collapsible rigid containers market over the forecast period. Depending on the kind of design, medium & heavy duty containers are usually preferred and are shaped in a wide range of shapes & capacity to suit almost any need.
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Collapsible Rigid Containers Market: Regional Overview
Geographically, the global collapsible rigid containers market is segmented into seven regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East and Africa (MEA).
The Asia Pacific collapsible rigid containers market is estimated to rise at a healthy CAGR over the forecast period. In the coming years, due to the emergence of several chemical & pharmaceutical, consumer durable and food & beverages industries, this regional segment is likely to be the key revenue generator from the global economic perspective in the collapsible rigid containers market. Rising urbanization in the developing countries such as China & India is also anticipated to steer the Asia-Pacific’s market in the upward direction. North America along with Europe are expected to follow APAC in regards to market share in the collapsible rigid containers market across the globe. However, this region has reached saturation level concerning growth in the food & beverages industry and are thus expected to slow down the rate of growth over the forecast period. Latin America especially countries like Brazil, Argentina, Mexico, etc. are estimated to fuel the demand for food and beverages, thereby leading to the growth in the consumption of collapsible rigid containers.
Collapsible Rigid Containers Market: Key Players
Some of the key players that operate in the collapsible rigid containers market across the globe are SSI Schaefer Limited, Warehouse Rack & Shelf LLC., CARGOSHELL, Custom Equipment Company, Cherry's Industrial Equipment Corp. and others.
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