Returnable Packaging Market Size to Grow by $ 3.12 bn through 2020-2024
Technavio research projects the returnable packaging market to grow by $ 3.12 bn, accelerating at a CAGR of almost 8% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report
Returnable Packaging Market: Key Market Driver
One of the primary factors that will trigger the growth of the returnable packaging market size is globalization and international trade. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.
Returnable Packaging Market: Vendor Analysis
The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Greif Inc., GWP Group Ltd., IFCO Management GmbH, KP Holding GmbH & Co. KG, Kuehne + Nagel International AG, PHS Group Investments Ltd., Polymer Logistics NV, RPS Ltd., Schoeller Allibert BV, and SSI SCHAEFER Group are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.
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Technavio newsroom has been monitoring the global returnable packaging market and it is expected to grow by $ 3.12 bn, accelerating at a CAGR of 8% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report
This report provides a detailed analysis of the returnable packaging market by product (containers, pallets, drums and barrels, support products, and others) and geography (North America, Europe, APAC, MEA, and South America). The report also provides a detailed analysis of around 25 vendors operating in the returnable packaging market.
Returnable Packaging Market: Segmentation by Product
During 2019, the containers segment accounted for the major share of the Returnable Packaging Market due to the growth of the pharmaceutical and cargo industries. Market growth in this segment will be slower than the growth of the market in the pallet segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the returnable packaging market size.
Returnable Packaging Market: Segmentation by Geography
North America held the largest returnable packaging market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Market growth in this region will be faster than the growth of the market in Europe and South America.
Returnable Packaging Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Greif Inc., GWP Group Ltd. and IFCO Management GmbH are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report
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