Global Plastic Crates Market Size to Reach Over 41.9 Billion, Growth Forecast at CAGR of 21.21% from 2023 to 2030
The demand analysis of Global Plastic Crates Market size & share revenue was valued at around USD 9 billion in 2022 and is estimated to grow about USD 41.9 billion by 2030, at a CAGR of approximately 21.21% between 2023 and 2030.
“According to the latest research study, the demand of global Plastic Crates Market size & share in terms of revenue was valued at USD 9 billion in 2022 and it is expected to surpass around USD 41.9 billion mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 21.21% during the forecast period 2023 to 2030.”
What are Plastic Crates? How big is the Plastic Crates Industry?
The plastic crates industry refers to the production and distribution of plastic crates that are used for several purposes. These crates are made of plastic and their user-friendly design allows them to be used for the transportation, storage, and protection of goods. The wide usage of plastic crates is in terms of food and beverages industries alongside the logistics and agricultural sectors. Manufacturers, distributors, and suppliers are crucial elements in the industry since they are responsible for catering to the various demands of consumers based on size, shape, and application preference.
It also includes a wide range of products that are made of high-quality products and deliver exceptional performance. Some examples of the products include collapsible plastic crates, stackable plastic crates, and nestable plastic crates, among others. During the forecast period, the industry is expected to grow at a rapid CAGR due to several factors while navigating through restraints and certain challenges.