Returnable Plastic Crates Market Trends, Growth, and Forecast 2020 - 2030
Returnable plastic crates are developed to transport organic produce from field to grocery stores and from grocery stores to homes (especially in online shopping and home delivery models). These crates are excellent in cooling and protecting perishable produce and this plays a key role in preservation.
It is pertinent to note here that aeration and rigidity of plastic crates helps reduce percentage of tomatoes damaged in transit to less than 5%, thereby, leading to more income for farmers and distributors. In fact, practical use by value chain actors in 2017 have shown that with the use of good handling practices, the percentage loss is less than 1%. The crates are also known to last for up to 3 years if manufactured to standard.
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All this goes in vastly in their favor, helping the global returnable plastic creates market grow over the forecast period of 2020 to 2030, notes Transparency Market Research in its upcoming report. These crates are used for transportation of several goods in industries such as food & beverages, agricultural, hospitality, among others, which will need heavy logistical support as they expand.
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Global Returnable Plastic Crates (RPC) Market: Competitive Landscape
Several manufacturers in returnable plastic crates market make it a fragmented vendor landscape. Players dabble with a series of varied growth strategies in order to lay claim to a higher market share. One of the most notable strategies is to expand operations across new regional markets to tap into new consumer bases.
Some major players in this market are as follows –
Rehrig Pacific Company
Sino Holdings Group (SHG)
Mpact Limited (Formerly Mondi Packaging)
Suzhou UGET Plastic Tech
Xiamen Haosen Plastic Products
Guangzhou Tsunami Industrial Equipment
Zhejiang Zhengji Plastic Industry
Shenzhen Xingfeng Plastic
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