Global Returnable Packaging Market 2017-2021
About Returnable Packaging
Packaging refers to the technology of enclosing a product for distribution, storage, use, and sale. Containers refer to a package in which products are sold or stored. Containers and packaging products can be manufactured using a number of raw materials such as plastic, wood, metal, glass, paper, and fiber.Returnable packaging includes reusable containers, pallets, barrels, hand-held containers, drums, racks, dunnage, and others that include intermediate bulk containers (IBCs) and flexible intermediate bulk containers (FIBCs) to enable vendors and industrial customers in the global returnable packaging market to efficiently and safely transport products across the supply chain. Reusable packaging is mainly used by processors/manufacturers and their suppliers or customers in organized supply chains with firmly managed shipping loops. This packaging is made from durable materials such as plastic, metal, and wood, and are designed to cater to the rough handling conditions of a typical logistics system.Technavio’s analysts forecast the global returnable packaging market to grow at a CAGR of 7.05% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global returnable packaging market for 2017-2021. To calculate the market size, the report considers the revenue generated by different vendors through the sales of various plastic returnable packaging products.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Returnable Packaging Market 2017-2021
Technavio recognizes the following companies as the key players in the global returnable packaging market: IFCO SYSTEMS, KUEHNE + NAGEL, RPS, Schoeller Allibert, and SSI SCHAEFER
Other Prominent Vendors in the market are: 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.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Use of biodegradable alternatives. Returnable packaging such as pallets, bulk boxes, barrels, and plastic drums are the vital packaging materials for the bulk shipment of various types of goods, such as food and beverages, chemicals and pharmaceutical items. Plastic returnable packaging materials are usually made up of polyethylene or polypropylene. However, concerns associated with these materials such as landfill waste dumping and pollution have paved the way for use of biodegradable alternatives as raw materials. The first-generation biodegradable materials were a cross between plastics and starch.”
According to the report, one of the major drivers for this market is Globalization and international trade. Innovative progressions in the global returnable packaging market and increased liberalization in the global trade market have reduced the cost of industrial transportation and driven the export and import activities. Many emerging economies such as China, Russia, Brazil, and India are changing their patterns of trade and investments. Returnable packaging such as bulk boxes, sleeve packs, and plastic drums are widely used in the transportation of consumer goods in national, trans-border, and worldwide cargo.
Further, the report states that one of the major factors hindering the growth of this market is High initial investment and operational cost. The initial capital investment required to adopt a returnable packaging system is higher than traditional disposable packaging system. For instance, disposable packaging products are cheaper than returnable packaging products because of the high rental and procurement costs of the latter products. Initial investment depends on the length of the shipment transit value chain, which includes the total time involved in shipping the container to the transporter's place; in shipment transit at the receiver's place; and in return shipment, which also includes any cleaning and sorting processes in the entire shipment procedure. The shorter the shipment line, the lesser the investment. Shipping line cycles with slight variation are better, as there will not be any need for extra inventory of containers to cover the demand for peak seasons.
IFCO SYSTEMS, KUEHNE + NAGEL, RPS, Schoeller Allibert, SSI SCHAEFER, 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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