Budding cross-border trade has opened new opportunities for trade for manufacturers from all industries and to expand the geographical reach, manufacturers are relying on the shipping companies and improved infrastructure and technology for packaging, shipping and protecting goods in bulk quantities. The need for shipping goods securely in bulk quantity has influenced the demand in the rigid packaging market, rigid packaging market is estimated over US$ 589 Bn and is expected to grow at a CAGR of over 3.2% over the forecast period. Stack & nest containers are light and yet durable and strong enough for material handling or to be equipped in many industries. The common area of application for stack & nest containers is retail industry, metal working industry, automotive industry, aerospace industry and electrical and electronics industry.
Stack & Nest Containers Market: Market Dynamics
Despite rapidly increasing flexible packaging market share in world packaging market, the rigid packaging is growing at a much faster pace when it comes to industrial packaging due to their material handling capabilities in a bulk quantity. However, use of rigid packaging for may appear to be unproductive to some suppliers or manufacturers due to the inefficient utilization of the space. To overcome these drawback packaging manufacturers have developed stack and nest containers. Stacking and nesting of the shipping containers have significantly improved the goods handling capability and productivity of shipping companies. Properties of stack & nest containers such as Improved material handling capabilities along with reusability has boosted the demand in stack & nest containers market. In addition to material handling capability stack & nest, containers are also cost-effective as the cost of raw material is very low and is easily available. Use of stack & nest containers also reduces the plastic waste created by the packaging hence making it an ecofriendly material handling solution. Rapid industrialization in the Asian market is one major factor for boosting the growth in stack & nest containers market. The wide area of applicability of stack & nest containers has considerably increased the demand in stack & nest containers market.
Stack & Nest Containers Market: Market Segmentation
Stack & nest containers market is segmented by material type, by capacity and by end use industry.
Based on the material type, stack & nest containers market is segmented into:
Based on the capacity (Litres), stack & nest containers market is segmented into:
- 25 – 50
- 50 – 100
- 100 – 150
Based on the end use industry, stack & nest containers market is segmented into:
- Pharmaceutical industry
- Food & beverage industry
- Chemical & Petrochemical Industry
- Consumer Goods Industry
- Industrial packaging industry
- Shipping and logistic industry
- Retail industry
- Automotive Industry
- Aerospace Industry
- Metalworking Industry
- Electrical & Electronics Industry
Stack & Nest Containers Market – Regional Outlook:
Regionally global stack & nest containers market is segmented into
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia-Pacific excluding Japan (APEJ)
- Middle East & Africa (MEA)
APEJ region is expected to be the largest consumer for stack & nest containers market due to the rapid industrialization in the region the demand for stack and nest containers is significantly higher than the other regions. North America is expected to be the second largest contributor in stack & nest containers market as the region has highest per capita consumption of goods. Western and Eastern Europe are expected to grow moderately in stack and nest containers marketand over the forecast period. Japan is expected to account significant portion in stack and nest containers market. Growth of stack and nest containers in MEA region is expected to be sluggish over the forecast period.
Stack & Nest Containers Market – Key Players:
Some major players of the stack and nest containers market are Georg Utz Holding AG, Polymer Logistics N.V., Greif, Inc., Monoflo International, loadhog.co.za, Schoeller Allibert Services B.V., Exporta Global, Mailbox: Stamford Products Ltd, etc.
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