VALLEY COTTAGE, N.Y. – Beverage Crates Market: Overview
Globally, beverage producing manufactures are looking towards lightweight, convenient and cost-effective packaging solution. Beverage crates, a beverage packaging product used for transporting, is, light in weight and consumes less space. Thus, crates are a preferred packaging product for beverage manufacturers.
Coca-Cola, a global beverage producer, is supplying its bottles in beverage crates that are made up of high-grade wood. These beverage crates can easily bear shock and therefore act as a protective packaging material. Reusable feature of beverage crate reduces the production cost of the product.
Key manufacturers of beverage crate market are providing additional features in the beverage crates. They have added inserts, grid, and dividers that are removable. These features of beverage crates differentiate them from other packaging products, thereby, increasing its preference in the market.
One of the key players in the beverage crates market, Schoeller Allibert, is focusing on reusable packaging solutions. The company provides reusable beverage crates. The company’s initiatives towards sustainable packaging solution are contributing towards reducing the landfilling issues. Schoeller Allibert is producing reusable beverage crates for global beverage manufacturers such as Coca-Cola, Foster’s, Warsteiner, Heineken, and Radeberger. The company has exhibited its stylish and designer beverage crates in DRINKTEC 2017 held in Germany.
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Global beverage packaging industry accounts for a market value of USD 82.9 billion. To package such a vast amount of beverage there is high demand for the primary and secondary packaging products for safer transportation of the beverages to the end users.
The figure below shows the distribution of the beverage packaging industry, by region. Asia Pacific region is expected to expand by a CAGR of 5.7%, by 2028 end.
Global beverage crates market: Segmentation
The global beverage crates market is segmented into material type, application type and product type.
On the basis of material type beverage crates market is segmented into:
On the basis of application type, beverage crates market is segmented into:
- Alcoholic drink
- Non-alcoholic drinks
On the basis of product type, beverage crates market is segmented as:
- Reusable beverage crates
- Non reusable beverage crates
Reusable beverage crates are highly consumed in the European region. The companies that produce recyclable and reusable beverage crates are provided tax benefits by the government.
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Tier 1 Analysis: This segment includes the key players of beverage crates market. They are Schoeller Allibert, DS Smith plc, RPP Containers, Myers Industries, Inc., Rehrig Pacific Company, Inc., Gamma-Wopla NV and others.
Tier 2 Analysis: This segment includes the emerging players of beverage crates market they are Melmat, Inc., Protopak Engineering Crop., AFP Inc., Nilkamal Limited, Dolav UK Limited, Craemer UK Ltd., Ravensbourn Limited, MPH group, Dynawest Ltd, Advanced Crates Ltd and others.
Global beverage crates market: Regional Overview
The global beverage crates market has been divided into seven key regions –
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan
- Middle East & Africa (MEA)
Germany leads in the consumption of the beverage crates for transportation of beers, soft drinks, and water. In North America region, the demand for beverage crates remains constant. In Latin America and Asia Pacific region, the beverage crates are solely used for transportation of the bottles. In Asia Pacific region, there is high demand for beverage crates, export, and transportation of beverages from manufacturers to end users. In MEA region, the production of the beverage crates is low but the region has a high consumption of beverage crates, and the region is expected to create high demand in the forecast period.
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