DUBLIN, Mar. 03, 2015 /PRNewswire/ --Research and Markets
(http://www.researchandmarkets.com/research/9dgz5t/global_returnable) has announced the addition of the "Global Returnable Transport Packaging Market 2015-2019" report to their offering.
The Global Returnable Transport Packaging market to grow at a CAGR of 6.86% over the period 2014-2019
Returnable transport packaging includes reusable containers, pallets, hand-held containers, barrels, drums, racks, and dunnage that enable the efficient and safe transportation of products across the supply chain. It is used in an organized supply chain to effectively manage shipments.
Increase in the use of returnable transport packaging by companies as a means to create brand awareness among their consumers, is one of the major trends being witnessed in this market. Companies have started labeling returnable transport packaging products to increase consumer awareness about their products and gain visibility.
According to the report, one key driver of the market is the advantage of cost savings. Some of the advantages the implementation of returnable transport packaging can bring to end-users are a reduction in labor costs, logistics costs, and the elimination of disposal costs.
Further, the report states that one major challenge in the market is the high initial investment because of the high rental and procurement costs of returnable transport packaging products. Hence, the initial investment needs to result in substantial savings for end-users over time to encourage use.
Returnable transport packaging is composed of durable products such as wood, metal, and plastic. Returnable transport packaging can be:
- Maintained and managed by end-users
- Owned by end-users and managed by a third party
- Rented by end-users from a third-party pooling operator
- Shared between numerous end-users and recycling companies
- Exchanged between trading partners
- IFCO System
- Rehrig Pacific
- Schoeller Allibert
- SSI Schaefer System
- Savings for End-users
- High Initial Investment
- Building Brand Image through Returnable Transport
For more information visit http://www.researchandmarkets.com/research/9dgz5t/global_returnable
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SOURCE Research and Markets