How To Be Successful In The Returnable Transport Packaging Market Industry.
Posted by Loise Williams on December 17th, 2019
The global returnable transport packaging market is expected to grow at a CAGR of 7.51% during the forecast period. Based on the product, the global returnable transport packaging market has been segmented into containers, pallets, drums and barrels, and other products. As per the latest market research report published by Technavio, the global returnable transport packaging market size will grow by USD 3.1 billion during 2019-2023. Get the free sample report below for the detailed information.
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The container segment has different product categories such as stack nest containers, reusable plastic crates, and bulk boxes. The retail sector is expected to account for a major demand for products in this segment. In developed countries like the US, the organized retail sector accounted for a share of around 90% of the retail industry in 2017.
However, the share of the organized retail sector in APAC was just around 12% in 2017; this is indicative of the significant growth opportunities in the organized retail sector in APAC, during the forecast period, which is still in the growth phase. The growth in the retail industry is expected to increase the demand for returnable containers at retail warehouses. Therefore, the global returnable transport packaging market is expected to grow considerably during the forecast period.
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About the AuthorLoise Williams
Joined: August 7th, 2019
Articles Posted: 266
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