Beverage Crates Market Size & Share | Industry Trends Analysis Report for 2030

ByNiranjan karde

The global beverage crates market is on track for substantial growth, with a projected compound annual growth rate (CAGR) of 4.9% between 2022 and 2030, aiming to reach a valuation of US$ 543.9 million by the end of the decade. Beverage packaging crates are gaining significant attention across industries, driven by the increasing demand for convenient and excellently designed packaging solutions.

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While the beverage crates market is primed for growth, it faces challenges related to poor UV resistance, high mould shrinkage, and vulnerability to stress cracking. These factors may hinder market expansion, but the industry is poised to overcome these obstacles through innovation and adaptation to changing consumer demands.

Despite growth prospects, challenges arise from factors like inadequate UV resistance, high mold shrinkage, and susceptibility to stress cracking. Future insights underscore a comprehensive analysis of the market’s dynamics, highlighting the evolving landscape shaped by both industry trends and constraints.

The increase in demand for high-density polyethylene (HDPE) is expected to further propel the growth of the market in the coming years. As HDPE products are very safe due to their excellent chemical resistance and good low temperature impact properties, they are highly required in production of beverage crates for both alcoholic and non-alcoholic drinks.

According to FMI, East Asia will continue to hold the leading share in the global market for beverage crates.  COVID-19 has resulted in temporary decline in growth of the global food & beverages industry causing sales of beverages crates to decelerate. However, it is poised to recover steadily as sales pick up with the recovery of the food & beverages sector.

Studies reveal that COVID-19 has accelerated the trend towards sobriety. An Opium survey revealed that around 14 million people in the U.K. are trying to either reduce or stop drinking alcoholic beverages during lockdown. Consequently the non-alcoholic segment is exploding, which will continue creating lucrative prospects for growth of the beverage crates market.

FMI offers a thorough analysis of the global market along with information on growth drivers, restraints, and potential.

Key Takeaways:

  • HDPE will remain highly preferred material used for making beverage crates
  • The demand for nestable and stackable beverage crates will continue rising through the forecast period
  • The rise in application of beverage crates in alcoholic drinks is expected to propel growth of the market during the forecast period
  • East Asia will dominate in the global beverage crates market. China is expected to emerge as the most lucrative market for beverage crates in the region
  • Europe will emerge as another lucrative region in the global market

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Key Segments: 

By Material Type:

  • HDPE (High-density polyethylene)
  • PP (polypropylene)
  • Others

By Product Type:

  • Nestable and Stackable
  • Collapsible

By Application:

  • Alcoholic Drinks
    • Beer
    • Wine
    • Spirits
    • Other Alcoholic Beverages
  • Non-alcoholic drinks
    • Fruit juices
    • Carbonated drinks or soda
    • RTD beverages
    • Bottled water
    • Tea & coffee
    • Milk Products