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Global Collapsible Crates Market Overview

The collapsible crates are an essential product of packaging in the logistics industry, with significantly used metal hinges or plastic to attach the sides of these crates. The collapsible crate can be folded to save space and to collapse the container. The advantages of collapsible crates include lightweight, convenience during transportation and the easy-to-reassemble quality. These factors are attracting many logistics companies to opt for collapsible crates instead of other returnable crates. The low cost of collapsible crates, as well as their application in residential and industrial use, is amplifying the demand for the collapsible crates market. The global collapsible crates market consists of many local and global manufacturers around the globe owing to its tie-up with numerous logistic companies. The increasing demand in the logistics industry for collapsible crates is creating an opportunity for many small and key players to expand their product range and distribution network across the globe by collaborating with the local and global distributors. As a result, the global collapsible crates market is expected to witness high growth during the forecast years.

Global Collapsible Crates Market Scenario

The global collapsible crates market is anticipated to register high growth in CAGR over the forecast period from 2018-2028. The rising demand for collapsible crates in the packaging industry is expected to amplify the value chain process of collapsible crates globally. Like most of the other sectors, the logistics industry is also undergoing change. Thereby, with these changes, collapsible crates market will showcase increased opportunities for manufacturers in developed as well as emerging economies. However, the collapsible crates market is expected to exhibit strong growth in developing countries, such as India, China, and the Middle East & African countries due to the rapidly rising urbanization, increasing per capita spending and increasing GDP growth rate. The largest market share in the global collapsible crates market is expected to be contributed by APEJ due to the growing packaging industry with a high CAGR and economic cost of collapsible crates, followed by North America and Europe.

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