Plastic Turnover Box Market Size, Forecast and Trends
The plastic turnover box market was valued at approximately USD 9.95 billion in 2023 and is expected to grow to around USD 15.24 billion by 2034, reflecting a compound annual growth rate (CAGR) of 3.95% during the forecast period from 2024 to 2034.
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The market is proliferating due to the increasing demand for chemicals, food, healthcare, the manufacturing industry, and packaging of various other things that require safe and sturdy packaging. The growing requirement for storage and transportation is boosting the plastic turnover box market.
The plastic turnover box market is an important industry in the chemicals, food & beverage, healthcare, and manufacturing sectors. This industry deals in the manufacturing and distribution of sturdy boxes which are useful for storage or transportation purposes by numerous customers. This industry is generally driven by rising innovation and development in all the industries and this requires bulk storage of products. The plastic turnover box market deals in manufacturing boxes for various types of industries majorly to store products safely. This market is expected to rise significantly with the development of several industries. Plastic turnover boxes are suitable for long-distance transportation or fluid such as milk delivery. Plastic crates protect transported and keep goods from breakage or damage and make it simpler to handle products. The global packaging industry size is estimated to grow from USD 1.20 trillion in 2022 to reach an estimated USD 1.58 trillion by 2032, growing at a 3.16% CAGR between 2023 and 2032.
Plastic Turnover Box Market Trends
Customisation of Boxes
The availability of customisation options for the turnover boxes for different markets according to their requirement led to growth in the business of these boxes.
Strength and Durability
The capacity to withstand heavy weight and to transport it from one place to another in an organised manner led to the growth of the market. These boxes help to transport the bulk fluid at once safely.
Growing E-Commerce Logistics
The growing e-commerce logistics are influencing the plastic turnover box market as the demand for storage and transport of fluid in huge quantities is increasing.
Advancement in Manufacturing Technology of Devices
With the advancements in the technology of the manufacturing process of several sectors demanding safety for storage of the products which resulted in enhancing the plastic turnover box market.
Recent Developments
- In October 2024, Mountain Blue, announce the launch of plastic-free packaging for blueberries. This is developed in collaboration with Opal.
- In September 2024, Detpack, announced the launch of the largest Australian compostable PBS range.
- In January 2022, Divadiya.com, launch multi-purpose shoe racks which are eco-friendly and can be used as home decor.
Plastic Turnover Box Market Companies
- Schoeller Allibert
- Zhejiang Zhengji Plastic
- ORBIS
- Myers Industries
- DS Smith
- Delbrouck
- Georg Utz Holding
- Rehrig Pacific Company
- Didak Injection
- Mpact Limited
- Suzhou Dasen Plastic
- Nilkamal
- Suzhou First Plastic
- Supreme Industries
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