Collapsible Boxes Market: Brief summary of players by detailing SWOT analysis and strategic direction
Manufacturers, distributors, and suppliers looking after industrial and commercial warehouses understand that storage space is one of the essential business assets. The storage space can be one of their most expensive overhead cost. The storage space can cost money, and practical use of such storage space converts back into fistful savings. Therefore, the storage managers are perpetually looking to improve their storage capacity. They do so by buying proper and efficient storage boxes and containers that could give best returns on their investment.
The businesses which are facing storage issues should look for collapsible boxes and their benefits. Collapsible boxes find useful applications in large-scale industrial facilities to small manufacturing plants and various industries such as electronics, construction, automotive and others. Irrespective of scope and operation, any business and industry with significant storage and shipping activity requires cost-effective solutions.
Collapsible Boxes Market: Dynamics
- Collapsible boxes provide cost-effective solution along with higher operational performance.
- Also, collapsible boxes are easy means of holding a product and transporting the commodity efficiently and safely to the destination. These boxes Improve inventory capacity and access, which makes business more profitable.
- One primary advantage of collapsible boxes is that they can be folded and stacked when not in use. They take far less space when not in use than conventional boxes and containers which are not flexible.
- Collapsible boxes deliver advantages in storing and shipping activities used in many industries such as construction, automotive, electrical and electronics, food and beverages and consumer goods. Collapsible boxes are suitable for storing all product sizes including small products such as electrical components, heavy tools, and hardware.
- Besides, these collapsible boxes are compatible with the forklift, making them easy to transport, stack, move, fold or collapse. These factors are expected to fuel the growth of global collapsible boxes market during the forecast period. One factor which might hamper the growth of collapsible boxes is the initial cost, but once purchased, they can be used for a long duration.
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Global Collapsible Boxes Market: Segmentation
The global collapsible boxes market has been segmented on the basis of
Globally, the collapsible Boxes market has been segmented on the basis of material type, load type and end use industry –
On the basis of material type, the global collapsible boxes market has been segmented as:
On the basis of load type, the global collapsible boxes market has been segmented as:
- Light duty collapsible boxes
- Medium duty collapsible boxes
- Heavy duty collapsible boxes
On the basis of end use industry, the global collapsible box market has been segmented as:
- Electrical & Electronics
- Food & Beverages
- Consumer Goods
On the basis of region, the global collapsible boxes market is segmented as –
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific excluding Japan
- Middle East & Africa
The demand for collapsible boxes is expected to be high in region such with emerging economies such as Asia Pacific and Latin America. With rise in industries and manufacturing plants in the region, the requirement for transportation of goods is also increasing which results in growing demand of collapsible boxes.
Global Collapsible Boxes Market: Research Methodology
A robust methodology was used to arrive at the market size of collapsible boxes. Both supply-side and demand side analysis were performed.
- Supply-side analysis
The key manufacturers of collapsible boxes were identified, and their revenues were tracked with the help of primary interviews and paid databases such as Factiva, Avention, and Morningstar, among others. The revenue generated by the sale of storing products business was carefully tracked for each company, from which, the revenue generation from the sale of collapsible boxes was mapped. The production capacity of each key player was tracked. Based on the data, a tier analysis was performed to classify the companies under different revenue categories.
- Demand-side analysis
The demand for storing and shipping solutions was carefully tracked. The data was split among various end use industries for collapsible boxes to arrive at the demand. Various sources were cited to validate the numbers obtained, industry experts (sales and business heads of key companies, paid interviews with independent packaging consultants, etc.) were contacted, along with extensive desk research.
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Global Collapsible Boxes Market: Key players
Few of the leading players operating in the global collapsible boxes market are –
- Schoeller Allibert
- Cherry’s Industrial Equipment Corp.
- SSI Schaefer Limited
- AccuTrex Products, Inc.
- American Manufacturing Inc.
- Universal Storage Containers LLC
- SPS Ideal Solutions Inc.
- Monoflo International
- Plastic Pallets Ltd
- Cargo Pak
- Nefab Group