The Global Collapsible Food Packaging Containers Market- Growth, COVID-19 impact and Forecast (2021-2025)
Global collapsible food packaging container market is segmented based on material type as Plastic, wood, metal and paperboard & corrugated board; based on application as Meat processed goods, dairy goods, bakery products, grain mill products, fruits & vegetables and others; based on geography as APAC, Europe, North America, and ROW.
Introduction
Collapsible containers are foldable. Collapsible containers save external volume required during the transportation and logistics these containers collapse and reduce the cost. Manufacturers offer collapsible containers using various material types such as plastic, wood, and metal among others.\\
The global collapsible containers market tracks the revenue generated through the sales of collapsible containers globally. Manufacturers supply collapsible containers for packaging of a wide range of consumer goods and other industrial goods.
The global market for collapsible containers includes pallets, boxes, crates, and bulk bins among others. Nestable trays, crates, boxes, etc. have emerged as a preferred packaging over conventional packaging containers. Collapsible container manufacturers offer collapsible containers in a variety of product types.
The emergence of collapsible containers has led to cut down in the cost of handling during the transportation.
Table of Contents
Market Overview
The Global collapsible food packaging containers market is expected to grow to $56.96 billion by 2025 at CAGR of 5.3%
Foldable large containers are emerging as a packing material in the global market.
Factors such as changing consumer lifestyles, rising disposable incomes, and growing demand for packaged foods such as ready-to-eat meals, are expected to augment the demand for folding carton over the forecast period.
Key Trends
Rising Trend of Hiking and Travelling. The collapsible food packaging containers are perfectly suitable for carrying around for any outside activity as these containers can be folded and stacked according to the requirement
Growth in Industrialization. The rapid growth of food industrialization across the world is fuelling the market of collapsible food packaging containers. Collapsible food packaging containers are popularly preferred for the packaging of products in bulk amount due to the features such as toughness, cost-effective, and recyclable.
Key Market Players
The market is dominated by global vendors like SKI Plastoware Private Limited, Jayco Plastic, Neeyog Packaging, WestRock and LZ Industrial Co.,Ltd.
Growth Drivers and Challenges
The collapsible food packaging containers are not bulky and are cost effective. These products are helping the manufacturers to cut the cost reduction. Moreover, these containers are reusable and provide enough storage space available.
These collapsible food packaging containers are the perfect solution for transportation. These are some of the major key factors, which are driving the growth of the collapsible food packaging containers market in the industry.
The initial cost for purchasing the collapsible food packaging container might hamper the growth in the future. However, once the product is purchased, it can give a well return on the investment.
Regulatory norms aimed at controlling deforestation on a global level are expected to decrease the availability of paper as a feedstock for the production of food containers.
The robust outbreak of Covid-19 has affected the financial conditions of various economies. The declined growth rates of these economies are affecting the manufacturers of collapsible food packaging containers negatively
This is expected to affect the demand for collapsible food packaging containers negatively. But the sales of the collapsible food packaging containers is dependent on different factors like global severity of the disease, duration of the situation and numerous rules and regulations implemented by various government authorities around the world.