Returnable Transport Packaging Market in APAC 2018-2022| Growth of Trade Between India and China to Drive Demand| Technavio
LONDON--(BUSINESS WIRE)--Jan 4, 2019--The returnable transport packaging market in APAC is expected to post a CAGR of over 8% during the period 2018-2022, according to the latest market research report by .
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Technavio has published a new market research report on the returnable transport packaging market in APAC from 2018-2022. (Graphic: Business Wire)
A key factor driving the growth of the market is the growth of trade between India and China. In the emerging markets of APAC, India and China are the key players. Regardless of its huge middle-income population, the countries managed to generate around 35% growth of merchandise trade in a century. The growing trade between the giant markets of the emerging world will pave the way for the growth of the manufacturing industry. Moreover, China mentioned its willingness to have a free trade agreement with India to facilitate more commercial exchange among the countries, in 2018.
As per Technavio, the increased adoption of returnable transport packaging will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2018-2022.
Returnable transport packaging market in APAC: Increased adoption of returnable transport packaging
One of the key reasons triggering the requirements for returnable transport packaging is the growing environmental concern. When compared to disposable packaging such as cardboard pallets, reusable transport packaging is accountable for emitting 28%-30% less carbon dioxide. Additionally, the returnable transport packaging products are considered as low-cost long-term investments as the cost incurred is utilized with repeated shipping. Returnable transport packaging is more stable than disposable packaging, and the risk of bending or collapsing while handing or during truck movement is minimal for this type of packaging.
“Compared to disposable packaging, the space optimization capacity of returnable transport packaging in transit vehicles is more efficient. For example, a loaded truck can carry 168 intermediate bulk containers, whereas 5 truckloads are required to carry the fiber drums of equivalent capacity. It also specifies the higher loading capacity of returnable transport packaging over disposable packaging. Thus, low operating cost of returnable transport packaging compared with disposable packaging will benefit the end-users,” says a senior analyst at Technavio for research on packaging.
Returnable transport packaging market in APAC: Segmentation analysis
This market research report segments the returnable transport packaging market in APAC by end-user (food and beverage industry, manufacturing industry, and retail industry) and geographical regions (China, Japan, and other countries).
The food and beverage industry segment held the largest market share in 2017, accounting for 41% of the market. This end-user segment is expected to dominate the global market throughout the forecast period.
China led the market in 2017 and the region is expected to dominate the market through 2022.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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KEYWORD: ASIA PACIFIC
INDUSTRY KEYWORD: TRANSPORT OTHER TRANSPORT MANUFACTURING PACKAGING
SOURCE: Technavio Research
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PUB: 01/04/2019 11:50 AM/DISC: 01/04/2019 11:50 AM