The Plastic Crates Market in India is being driven by Globalization and increasing international trade
The Plastic Crates Market in India is expected to grow at a CAGR of 8.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 392.7 million. In response to India's expanding population and the necessity of maintaining self-sufficiency in food grain production, the country is undergoing a new agricultural revolution. Innovative farming practices, such as precision farming, are being adopted to optimize agricultural input resources and enhance productivity, both qualitatively and quantitatively. The integration of plasticulture in Indian agriculture is anticipated to revolutionize the sector and contribute significantly to this transformation during the forecast period. This modern agricultural approach incorporates the use of plastic materials for crop cultivation, offering numerous benefits, including improved water retention, reduced soil erosion, and enhanced crop yields.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
163 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.2% |
Market growth 2025-2029 |
USD 392.7 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
7.6 |
Key countries |
India |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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In India, the plastic crates market offers mass-produced and durable solutions for various industries, including food and beverage. These crates, made from high-density polyethylene and polyvinyl chloride, provide superior strength and flexibility. They outperform traditional options like wooden crates and corrugated fibreboard in terms of weather protection, temperature stability, and stackability. Online shopping and home delivery have increased the demand for plastic crates in bulk packaging and returnable packaging. The food industry, particularly packaged food and fast food, benefits significantly from these sustainable, customized crates for food preservation. International trade also relies on plastic crates for their lightweight, versatility, and ability to protect goods during transportation.
In the dynamic Indian market, plastic crates represent a significant segment, competing with alternatives such as corrugated fibreboard, wooden crates, and traditional containers like metal, glass, and wood. The plastic crates sector involves intricate supply chain processes, encompassing raw material sourcing from providers of HDPE, LDPE, PET, PP, and PVC. Manufacturing on a grand scale ensures production of weather-resistant, temperature-stable crates, catering to diverse industries, including packaged food, home delivery, and online shopping. Customized crates further enhance their appeal, offering end-users tailored solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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