London, 04 August 2015: Technavio, the independent tech-focused global research firm, has published a report on the returnable transport packaging market in APAC 2015-2019, which is expected to grow at a CAGR of 7.74% during the forecast period of 2014-2019.
The major customers of the returnable transport packaging market in APAC are distributed across various verticals, such as the F&B, manufacturing, and retail Industries. Customers benefit from reusable containers, barrels, drums, dunnage, pallets, and racks that enable vendors and industrial customers to transport products and manage shipments efficiently across an organized supply chain. The region offers huge potential for the development of new sustainable packaging technologies. Developed countries, such as Japan, are contributing to the immense growth of the market.
“An increase in the usage of reusable transport packaging can have several advantages, such as a reduction in greenhouse gas emissions, energy consumption, and waste generation,” says Faisal Ghaus, Vice President of Technavio.
“Increased adoption of returnable transport packaging reduces environmental hazards caused by improper disposal of packaging waste, thereby propelling the growth of the returnable transport packaging market in APAC.”
Key Market Drivers
- Rising Demand for Sustainable Packaging
- Financial Benefits for End-users
- Adoption of RFID Technology for Tracking Products
Key Market Trends
- Advances in Technology
- Growing Health and Environmental Hazard Awareness
- Increase in M&A
Key Market Vendors
- CHEP China
- IFCO System
- Kuehne+Nagel
- Loscam
- Schoeller Allibert
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
