Beverage Crates Market Size, Share Report, Analysis, Trends, Growth 2032

Beverage Crates Market Insights

According to the report published by Zion Market Research, the global Beverage Crates Market size was valued at USD 421.7 Million in 2023 and is predicted to reach USD 715.63 Million by the end of 2032. The market is expected to grow with a CAGR of 5.4% during the forecast period. The report analyzes the global Beverage Crates Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Beverage Crates industry.

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Global Beverage Crates Market: Overview

Beverage crates are used to transport various beverages conveniently. They are used to store a wide range of beverage bottles. Beverage crates are easy to handle and preserve beverages for a longer period of time. Also, these are excellent in maintaining temperature. The beverage crates are made up of various materials like wood, metal, plastic, and others which are used to transport beverage products like milk products, fruit juices, beer, and others.

Global Beverage Crates Market: Growth Factors

The global beverage crates market is highly driven by growing demand for storing and transporting bottles of drinks and cans. The fast proliferating beverage sector all around the globe is likely to complement the growth. The surge in the need for non-alcoholic and alcoholic drinks will further cater to the exponential growth of the market. There is a significant spike in alcohol consumption. According to the national survey on drug use and health (NSDUH), around 85.6 percent of the population in the United States aged above 18 years drank alcohol in some part of their life.

According to the International statistical survey, alcohol consumption is around 6.5 liters per person per year, and on the other hand, Europe accounts for the largest per capita alcohol consumption. The market is expected to foresee steady growth over the forecasted period due to the growing consumer base in the food and beverage sector which is still expanding steadily. The growing sales prospect is likely to pose huge demand for beverage crates manufacturers in the coming years. However, the growing environmental concerns are compelling manufacturers to focus on developing sustainable beverage crates to meet such surging demand.

Also, manufacturers are emphasizing manufacturing eco-friendly and reusable beverage crates. The government is also promoting such sustainable packaging solutions, and it is expected that it will result in high demand for beverage crates over the forecasted period. The attractive features of such crates, including suitability for bulk handling, high tensile strength, and wide availability of customization, are also grabbing the eyes of end-users. The growing import & export activities and surging support from the government to encourage domestic & international trade are some of the vital indirect factors that are likely to positively impact the growth rate. Such emerging scenarios are likely to exponentially accelerate the growth of the market manifolds over the forecasted period.

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Global Beverage Crates Market: Segmentation

The global beverage crates market can be segmented into application, product, material, and regional.

By application, the market can be segmented into non-alcoholic and non-alcoholic drinks. The alcoholic drink segment holds hegemony over others due to the growing alcohol consumption globally due to the growing disposable income of people along with its easy availability.

By product, the market can be segmented into collapsible and nestable & startable.

By material, the market can be segmented into polypropylene and high-density polyethylene. The high-density polyethylene segment accounts for the largest share in the global beverage crates market due to its growing preference owing to its exclusive properties like permeability to gas, toughness, strength, stiffness, resistance to moisture & chemicals, and others. In addition, the ease of forming and processing the material along with its cost-effective feature is likely to continue its domination over the forecast period.

Beverage Crates Market: Report Scope

Global Beverage Crates Market: Regional analysis

Asia Pacific accounts for the largest share in the global beverage crates market due to the growing demand for beverage crates from growing economies like South Korea, Japan, India, China, and others. The fast proliferating beverage sector in Asia Pacific is likely to create several lucrative growth opportunities in the regional market due to the growing support from the government, increasing disposable income of people, and fast-paced work culture.

Europe accounts for the second-largest share in the global beverage crates market due to the high consumption of soft drinks and alcohol in the region. The countries like France, Italy, Germany, and the UK are contributing heavily to spur the growth of the regional market.

North America is likely to be the fastest-growing region in the global beverage crates market due to the rapid expansion of the food and beverage sector in the region. There is a significant spike in the number of fitness enthusiasts in the region, thereby fuelling the demand for fruit juices, protein shakes, and other drinks in the region. Also, the growing support from the government to encourage eco-friendly and sustainable packaging solutions will further accentuate the growth of the regional market.

Global Beverage Crates Market: Competitive Players

Some of the significant players in the global beverage crates market are :

• IPL Plastics Inc.
• Palcon LLC
• Myers Industries, Inc.
• Zhejiang Zhengji Plastic Industry Co. Ltd.
• Ravensbourn Plastics Ltd
• TranPak, Inc.
• Rehrig Pacific Company, Inc.
• DS Smith Plc
• Schoeller Allibert Services BV
• Craemer UK Ltd
• Supreme Industries Limited.

The Global Beverage Crates Market is segmented as follows:

By Application 

• non-alcoholic  
• non-alcoholic drinks 

By Product 

• collapsible
• nestable & startable

By Material 

• polypropylene
• high-density polyethylene

Global Beverage Crates Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.