Global Returnable Packaging Systems Market - Industry Size, Share, Trends, Growth and Forecast 2016 - 2024
"The
Latest Research Report Returnable Packaging Systems Market - Global
Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 -
2024 provides information on pricing, market analysis, shares,
forecast, and company profiles for key industry participants. -
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Returnable
packaging Systems Market: Overview
Improvisations
in material handling and logistics over time has brought
sustainability in the mainstream, companies are increasingly focusing
on implementing returnable packaging, so as to reduce transportation
and handling losses and avoid repurchasing of disposable packaging.
Within close loop supplies, manufacturers usually adopts ‘milk run’
to supply their products, returnable packaging systems market forms
crucial part of such supply chain, as manufacturers/suppliers do not
need to invest again in disposable packaging. Returnable packaging
proves beneficial and cost effective for businesses where timely and
safe delivery of products is of utter importance. According to
Reusable Packaging Association, the returnable packaging system
market witnessed annual growth between 8–10% over past few years.
The returnable packages are available in form of reusable pallets,
hand-held containers, racks, bulk containers, etc. returnable
packaging systems has a longer life span as these are made from
durable materials such as plastic, wood and metals. Returnable
packaging systems offer other distinctive features such as appealing
aesthetics, easier to clean and stronger than disposable packaging
systems. Despite many operational benefits, returnable packaging
systems may not be desired by every supply system due to its capital
intensive nature. Returnable packaging systems are extensively used
for FMCG and are significantly increasing their penetration in
pharmaceutical and healthcare industries. Besides food and
pharmaceutical industries returnable packaging systems find their
application in automotive and electronics industry.
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Returnable
Packaging Systems Market: Drivers and Restraints
The
growth of returnable packaging systems market is driven by demands
from food & beverage, consumer good, pharmaceuticals and
automotive industry. Due to its durability and robust performance,
returnable packaging is preferred in various end use applications
which in turn surges demand for returnable packaging systems markets.
Rising level of wages in developing countries is expected to
significantly increase consumer spending which in turn will support
growth of the returnable packaging systems market. Substantially
increasing global vehicle production is also expected to support the
growth of the market.
However,
though returnable packaging system reduces packaging purchase and
disposal costs but at the same time logistics cost is increased due
to need to control return cycle. Hence higher cost is a factor which
could hamper growth of the market. Further, existing economic
uncertainty in some countries of Asia and Latin America could hamper
growth of the market.
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Returnable
Packaging Systems Market: Segmentation
The
global returnable packaging systems market is segmented as follows:
On
the basis of product type:
Bulk
Containers
Hand-held
containers
Reusable
pallets & totes
Protective
Dunnage
Fabric
Dunnage
Steel
Racks
Others
(sleeve systems, carts & dollies, etc.)
On
the basis of material type:
Plastic
Metal
Wood
On
the basis of end-use industry:
Food
& beverage
Pharmaceutical
& healthcare
Consumer
electronics
Automotive
Returnable
Packaging Systems Market: Region-wise Outlook
The
production and demand trends in the global returnable packaging
systems market varies from region to region. With highest
manufacturing output across the globe, Asia pacific is expected to be
the largest market for returnable packaging systems by volume.
Further, rapidly growing industrialization in major countries in the
region will boost revenue of the returnable packaging systems market.
North America and Europe are expected to be next big market for
returnable packaging systems. Demand in these regions are dominated
from food and beverage and automotive industries. Middle East &
Africa is expected to be high growth market due to demand rising from
food & beverage, consumer goods in Middle East and manufacturing
sector in Africa. Latin America is also expected to create
significant opportunity in returnable packaging systems market,
however high inflation rates in countries such as Venezuela and
Argentina could hamper the demand for returnable packaging for
consumer goods.
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Returnable
Packaging Systems Market: Key Players
The
Key players identified in the global Returnable packaging Systems
Market are:
Returnable
Packaging Resource Inc.
Nefab
Group
Tri-Pack
Plastics Ltd
Plastic
Packaging Solutions Midlands & East Ltd.
Amatech
Inc.
CHEP
Integra
Packaging
Celina
Industries
Lamar
Packaging Systems
ORBIS
Corporation
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
Market
segments and sub-segments
Market
trends and dynamics
Supply
and demand
Market
size
Current
trends/opportunities/challenges
Competitive
landscape
Technological
breakthroughs
Value
chain and stakeholder analysis
The
regional analysis covers:
North
America (U.S. and Canada)
Latin
America (Mexico, Brazil, Peru, Chile, and others)
Western
Europe (Germany, U.K., France, Spain, Italy, Nordic countries,
Belgium, Netherlands, Luxembourg)
Eastern
Europe (Poland, Russia)
Asia
Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
Middle
East and Africa (GCC, Southern Africa, North Africa)
The
report has been compiled through extensive primary research (through
interviews, surveys, and observations of seasoned analysts) and
secondary research (which entails reputable paid sources, trade
journals, and industry body databases). The report also features a
complete qualitative and quantitative assessment by analyzing data
gathered from industry analysts and market participants across key
points in the industry’s value chain.
A
separate analysis of prevailing trends in the parent market, macro-
and micro-economic indicators, and regulations and mandates is
included under the purview of the study. By doing so, the report
projects the attractiveness of each major segment over the forecast
period.
Highlights
of the report:
A
complete backdrop analysis, which includes an assessment of the
parent market
Important
changes in market dynamics
Market
segmentation up to the second or third level
Historical,
current, and projected size of the market from the standpoint of both
value and volume
Reporting
and evaluation of recent industry developments
Market
shares and strategies of key players
Emerging
niche segments and regional markets
An
objective assessment of the trajectory of the market
Recommendations
to companies for strengthening their foothold in the market
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