The plastic crates market is expected to grow by USD 270.16 mn, progressing at a CAGR of almost 8% during the forecast period.
The report identifies the growth of different end-users as one of the major factors propelling the market growth. In addition, the advent of plasticulture will have a positive impact on the growth of the market.
Plastic Crates Market in India: End-user Landscape
Based on the end-user, the market witnessed the maximum demand for plastic crates from the food and beverage industry. The food and beverage segment is driven by the growth of the food processing industry in India. The market growth in the segment will be significant during the forecast period.
Plastic Crates Market in India: Material Landscape
By material, the PE material segment is expected to have lucrative growth during the forecast period. About 33% of the market’s overall growth is expected to originate from this segment. The segment is mainly driven by the benefits of PE plastic crates such as durability and lightweight. Technavio
SOURCE: PRNewswire