Global Returnable Transport Packaging Market Research Report with Top Key Vendors Profile like NEFAB GROUP, IFCO SYSTEMS, Rehrig Pacific Company, RPS Group, Schoeller Allibert, Schaefer Systems International Inc.
Global Returnable Transport Packaging Market is expected to undergo moderate growth in the forecast period of 2019-2026. The growth behind the market value can be factored to the reduction in the overall cost of the supply chain cycle and reduction in costing of the manufacturer’s transportation expenses due to the mishandling of packaging by the logistical service providers. The organization profiles of all the important players in North usa, Europe, Japan, China, India, Southeast Asia and different areas like South usa, and the middle East & Africa are studied with the help of SWOT analysis and Porter’s five Forces tool.
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Global Returnable Transport Packaging Market, By Material (Glass, Plastic, Metal, Wood, Paper & Paperboard, Others), Product (Containers, Drums & Barrels, Pallets, Crates, Protective Dunnage, Reusable Sacks, Racks), Application (Automotive, Food & Beverage, Consumer Good, Industrial, E-Commerce, Pharmaceutical, Logistics & E-Commerce, Electronics & Semiconductors, Construction), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2026
Competitive Analysis: Global Returnable Transport Packaging Market
Global returnable transport packaging market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of returnable transport packaging market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Returnable Transport Packaging Market
Few of the major competitors currently working in the returnable transport packaging are NEFAB GROUP, IFCO SYSTEMS, Rehrig Pacific Company, RPS Group, Schoeller Allibert, Schaefer Systems International Inc., 1stWebbing/Segenhoe Investments Ltd, Amatech Inc., Lamar Packaging Systems, Polymer Logistics N.V., CABKA Group, Del-Tec Packaging, CHEP, DS Smith, Ecopac Power Ltd., Eltete TPM Ltd., Georg Utz Holding AG, Greif, KUEHNE + NAGEL, Loadhog, Monoflo International Inc. and Smurfit Kappa.
Market Definition: Global Returnable Transport Packaging Market
Traditional methods of packaging that are not biodegradable in nature and cannot be used again in the operational cycle have increased the concerns regarding the environment and global warming, increasing the wastelands, and landfills. With the usage of returnable transport packaging, the companies are adopting eco-friendly green packaging methods. Returnable transport packaging is a method of using the same packaging components and methods over a longer period of time. It uses materials which are high strength in nature, durable and can be recycled at the end of their operation cycle.
• Reduction in cost of supply chain cycle and reduction of operational cost; these factors are expected to drive the market growth
• Environmental friendly nature of the packaging method due to the reuse characteristics is expected to act as a driver for the market growth
• Requirement of large capital investments for the integration and initiation of returnable transport packaging systems in the business cycle is expected to act as a restraint to the market growth
Segmentation: Global Returnable Transport Packaging Market
• By Material
o Paper & Paperboard
• By Product
o Drums & Barrels
o Protective Dunnage
o Reusable Sacks
• By Application
o Food & Beverage
o Consumer Good
o Logistics & E-Commerce
o Electronics & Semiconductors
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Key Developments in the Market:
• In January 2018, Brookfield Business Partners announced that they have agreed to acquire a majority share in Schoeller Allibert from JPMorgan Chase & Co. With this acquisition, the company is expected to be more focused on environmental friendly solutions enhancing their product portfolios as well.
• In February 2017, NEFAB GROUP announced that they had completed the acquisition of Foldy Pac Nordic AB. With this acquisition NEFAB hopes to expand their product portfolio for transport packaging solutions.
Key Insights in the report:
• Complete Market analysis and forecasting
• Market definition, understanding the concept of returnable transport packaging
• Market drivers and restraints of the industry
• Market segmentations and market share divided amongst them
• Key players in the market and their analysis
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