Published Date : Aug 14, 2017
ALBANY, New York, August 14, 2017 - MarketResearchRepors.biz has included another core market analytical piece into its database on the packaging industry. The latest report to be added to this list, the “Global Returnable Packaging Market 2017-2021,” is a very descriptive reports of the current trends as well as positive and negative factors of influence for the shape of the market. The report also provides a forecast reports for the global returnable packaging market, including the predicted size of the market. For this, the report makes use of various statistics such as the revenue generated by different vendors through the sales of various plastic returnable packaging products.
According to the report, the global returnable packaging market to grow at a CAGR of 7.05% during the period 2017-2021. One of the leading factors promoting this healthy growth rate is the rise of globalization and the growing activities in international trade. With shipping costs getting cheaper thanks to improving trade communications on a global level, the rise in the number of shoppers and the customer friendly services offered by ecommerce portals is creating a heavy demand for returnable packaging.
However, the global returnable packaging market is expected to be restrained by factors such as the high initial investments required to set up the procedures required to obtain and redistribute returnable packaging. This can increase the effective operational cost for a company, creating a greater level of aversion to this process. Meanwhile, the growing use of biodegradable alternatives is creating alternative scope in the market for the immediate future.
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The report takes into consideration the key regions of Asia Pacific, Europe and the MEA, North America, and Latin America as the key regions assessed separately for their role in the global returnable packaging market. Countries from Europe and North America could possibly be showing a greater appeal for returnable packaging due to the savings in materials the process could bring about, as well as intensive research and development on greener alternatives for conventional returnable packaging.
Reusable packaging is mainly used by processors/manufacturers and their suppliers or customers in organized supply chains with firmly managed shipping loops and is generally made of materials such as plastic, metal, and wood. These materials are used for their better durability and rougher handling condition thresholds.
The report evaluates the player profiles, core market strategies, and possible scope in the future of the key vendors acting in the global returnable packaging market till recent years. These key vendors included IFCO SYSTEMS, KUEHNE + NAGEL, RPS, Schoeller Allibert, and SSI SCHAEFER. The report also accounts for the other prominent vendors in the global returnable packaging market, including 1stWebbing, Amatech, Buckhorn, CHEP International, ECOPAC, European Logistics Management, Foxwood, FREE PACK NET, Green Peas Solutions, Greif, Kite Packaging, LINPAC, Mjsolpac, PHS Teacrate, Polymer Logistics, PPS Midlands, Qualpack, RTP Materials Handling, Rehrig Pacific Company, Viscount Plastics Pty, and WEIR & CARMICHAEL.
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