TechNavio recognizes the following companies as the key players in the Global Returnable Transport Packaging Market: IFCO Systems N.V., S.S.I. Schaefer System International Ltd, Rehrig Pacific Co., and Schoeller Allibert Services B.V.
Commenting on the report, an analyst from TechNavio’s team said: “The Global Modern Grocery Retailing market is witnessing high growth in emerging economies such as India and China due to the increase in the demand for packaged and ready-to-eat food among consumers. Hence, it is important that the vendors in the Modern Grocery Retailing market in these emerging economies ensure that products are in stock to meet the growing needs of consumers while at the same time reducing storage and transportation costs. Returnable transport packaging can play a major role in achieving cost savings for these vendors. Vendors in the Global Modern Grocery Retailing market in mature economies such as the US are already increasing their use of returnable transport packaging to improve their supply chain efficiency for the transportation of food products. For instance, vendors such as Wal-Mart Stores Inc. and Publix Super Markets Inc. are already using returnable transport packaging products on a large scale in mature markets. Therefore, returnable transport packaging products are expected to witness an upsurge in demand in emerging economies as the Modern Grocery market in these economies grows. Therefore, the rapid growth of the Modern Grocery Retailing market in emerging economies is a major trend which is expected to lead to the growth of the Global Returnable Transport Packaging market during the forecast period.”
According to the report, one of the major benefits of implementing a returnable transport packaging system is cost savings. Such a system enables end-users to save costs in numerous ways for instance, by reducing storage and transportation costs, eliminating disposal costs, reducing labor costs, and reducing product damage that would otherwise increase the unit cost of production to the company.
Further, the report states that the initial capital investment required to adopt a returnable transport packaging system is higher than that for a traditional disposable packaging system.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-returnable-transport-packaging-ma…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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