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Pharmacy benefit management market
Collapsible Rigid Containers Market Report Overview
The global collapsible rigid containers market size was USD 530 million in 2019 and is expected to reach USD 694.9 million by 2026, exhibiting a CAGR of 3.9% during the forecast period.
The growth of the collapsible rigid containers market is driven by the surging demand in the e-commerce sector, where lightweight and compact solutions are essential for cost-effective shipping. These containers' durability and efficient storage capabilities make them ideal for the challenges of the online retail landscape. Additionally, the market is expanding due to the increasing emphasis on sustainability, with collapsible rigid containers serving as eco-friendly alternatives that reduce material usage and promote reuse, aligning with environmentally conscious consumer preferences.
COVID-19 Impact: Demand Surged Due to Increased Online Shopping Amid Pandemic
The COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.
The COVID-19 pandemic had a profound impact on the collapsible rigid container market. The surge in e-commerce during lockdowns heightened the demand for efficient packaging solutions, positioning collapsible containers as crucial for product delivery and storage. Amid financial uncertainties, the cost-effectiveness of collapsible containers became pivotal, as their collapsible nature contributed to reduced storage and transportation expenses. This confluence of factors has increased the demand for the product during the pandemic.
Latest Trends
"Rising Adoption of Bioplastics and Recycled Content to Reduce Reliance on Fossil Fuels"
The latest trend in the collapsible rigid containers market revolves around a material revolution, prominently featuring the rising adoption of bioplastics and recycled content propelled by heightened sustainability concerns. Key industry players such as CHEP and Schoeller Allibert are at the forefront of this trend, actively engaging in the development and utilization of bioplastics like PLA (polylactic acid) and PHA (polyhydroxyalkanoates) for the manufacturing of collapsible containers. This strategic shift aims to address sustainability challenges and reduce reliance on fossil fuels, with a particular focus on applications within the food and beverage industry.
Collapsible Rigid Containers Market Segmentation
- By Type Analysis
Based on type, the global market can be categorized into metal containers, plastic containers, and others.
Metal Containers: Metal containers, renowned for their durability and strength, constitute a significant segment in the collapsible rigid container market. Ideal for heavy-duty applications, such as automotive and machinery, these containers resist punctures and impacts, contributing to their longevity and reusability.
Plastic Containers: Versatile and widely adopted, plastic containers are lightweight and cost-effective, making them prevalent in industries like food and beverage. Their non-reactive properties suit sensitive products, and the ability to mold them into various shapes enhances their flexibility.
- By Application Analysis
Based on application, the global market can be categorized into automotive and machinery, food and beverage, chemical and pharmaceuticals, consumer goods, and others.
Automotive and Machinery: Collapsible rigid containers in this segment provide robust and durable packaging for automotive parts and machinery components. Their collapsible nature enhances operational efficiency, adapting to fluctuating storage demands.
Food and Beverage: Widely adopted in the food and beverage industry, collapsible containers, especially those made of lightweight plastics, offer non-reactive and customizable packaging solutions. Their ease of handling and transport efficiency align with the dynamic requirements of this industry.
Chemicals and Pharmaceuticals: Collapsible rigid containers find applications in the chemical and pharmaceutical sectors. Metal containers offer durability for handling chemicals, while their plastic counterparts provide chemical resistance for pharmaceutical applications.
Consumer Goods: Versatile and accommodating, collapsible rigid containers serve the diverse packaging needs of consumer goods, from electronics to household items. The flexibility of materials like plastic allows for the customization of shapes and sizes, meeting varied requirements.
Driving Factors
"Increased Demand for E-commerce to Amplify Market Growth"
The flourishing landscape of online shopping has propelled a heightened need for packaging solutions that enhance efficiency. Collapsible rigid containers stand out in the e-commerce landscape because they are lightweight and compact, making them cost-effective for shipping and storage. Additionally, their durability ensures they can withstand the challenges of shipping and handling. These properties of the product are propelling collapsible rigid containers market growth.
"Growing Emphasis on Sustainability to Propel Market Expansion"
As consumer consciousness regarding environmental impact grows, there is an increasing emphasis on sustainable packaging. Collapsible rigid containers have emerged as an eco-friendly alternative to traditional rigid containers. Their design involves the use of less material through thinner walls, promoting resource efficiency. Moreover, their ability to be reused multiple times significantly reduces waste. Often crafted from recycled materials, these containers further contribute to minimizing their environmental footprint.
Restraining Factor
"Durability Concerns to Limit Product Widespread Adoption"
Durability concerns emerge as a restraining factor for the collapsible rigid container market. While these containers offer notable advantages, particularly in terms of flexibility and cost-effectiveness, certain applications necessitate exceptional strength and rigidity. Collapsible containers, especially those constructed from thinner materials, might not consistently meet the stringent requirements for puncture resistance, impact absorption, and overall product protection. These limitations become particularly pronounced in sensitive industries such as pharmaceuticals or hazardous materials, where the need for robust packaging solutions poses challenges to the widespread adoption of collapsible containers in specific applications.
Collapsible Rigid Containers Market Regional Insights
"Europe to Lead the Global Market Due to Region’s Thriving E-Commerce Ecosystem"
The market is primarily segregated into Europe, North America, Asia Pacific, Latin America, and the Middle East and Africa.
Europe reigns supreme in the collapsible rigid container market share, propelled by a confluence of factors. Stringent environmental regulations, a thriving e-commerce ecosystem, and a strong focus on automation in logistics have fueled demand for these space-saving and reusable solutions. Additionally, Europe's historical leadership in manufacturing and material science has fostered continuous innovation in collapsible rigid container design and production, solidifying its position as the frontrunner in this burgeoning market.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage"
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- Schoeller Allibert (Netherlands)
- Georg Utz Group (Switzerland)
- DS Smith (U.K.)
- WALTHER Folding box (Germany)
- Steel King (U.S.)
- Bekuplast (Germany)
- Easyload (China)
- GEBHARDT (Germany)
- Hongbo Metal (China)
- Enlightening Pallet Industry (China)
- SSI Schaefer Limited (Germany)
- Wuxi Xiangda (China)
INDUSTRIAL DEVELOPMENT
October 2022: ORBIS Corporation marked a significant industrial development in the collapsible rigid containers market with the introduction of the 40 × 48 Odyssey HD FLC. As an addition to its range of plastic collapsible bulk containers, this innovative product is engineered to deliver consistent performance when utilized with automated equipment. It stands out for its enhanced load stability, incorporating steel reinforcements and molded-in frictional elements. The design also prioritizes ease of manual handling, featuring comfortable handholds. Notably, the Odyssey HD FLC aligns with sustainability goals, being fully recyclable through the Recycle with ORBIS program, thus contributing to a more eco-friendly and hygienic solution in the market.
Report Coverage
The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.
The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 530 Million in 2019 |
Market Size Value By |
US$ 694.9 Million by 2026 |
Growth Rate |
CAGR of 3.9% from 2019 to 2026 |
Forecast Period |
2022-2026 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Types & Application |
Frequently Asked Questions
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What value is the global collapsible rigid containers market expected to touch by 2026?
The global collapsible rigid containers market is expected to touch USD 694.9 million by 2026.
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What CAGR is the collapsible rigid containers market expected to exhibit by 2026?
The collapsible rigid containers market is expected to exhibit a CAGR of 3.9% by 2026.
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What are the driving factors of the collapsible rigid containers market?
Increased demand for e-commerce and a growing emphasis on sustainability are key driving factors in the collapsible rigid containers market.
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What are the collapsible rigid containers market segments?
The collapsible rigid containers market segments by type include metal containers, plastic containers, and other materials. Applications cover automotive and machinery, food and beverage, chemical and pharmaceuticals, consumer goods, and others.