Published on : Aug 24, 2018
Albany, New York, August 24, 2018: A fresh study, focusing on the global demand for returnable plastic crates have been publicized to the vast archive of Market Research Hub (MRH), with the title of “Returnable Plastic Crates Market: Global Industry Analysis 2013 - 2017 and Opportunity Assessment 2018 – 2028”. This 158-page study offers holistic is an insightful forecast analysis on the expansion of the global market for returnable plastic crates for the assessment period, 2018-2028. Moreover, the primary regions are analyzed for the purpose of evaluating the impact of the different factors mentioned in the research report. Regions highlighted in the study are North America, Japan, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, South America, Middle East and Africa.
RPC are primarily used for the storage of various fresh products for shipping them from one place to another Presently, there has been rapid increase in the usage of plastic crates for the bulk packaging of several fresh agricultural products during several processes such as harvesting, post-harvest handling, as well as for the transportation and storage of food grains, fruits, vegetables, etc. across the globe. According to the analyst's findings, growing exports and imports between several countries and safe transportation of products have surfaced the way for the growth of the RPC market. In terms of revenue, the global RPC market is estimated to grow at a CAGR of 5.5% over the forecast period owing to numerous factors, finds the study.
In order to provide a comprehensive view of the market, the study outlines major segments of the market, where the market stands to gain. The market has been segmented on the basis of product type, material type, capacity and applications. Apart from that, the study reveals market dynamics in seven geographic segments along with market analysis of the current market environment and the future scenario over the forecast period.
On the basis of geography, the research finds that the APEJ region is anticipated to register the highest CAGR of 7.2% in terms of value during the forecast period of 2018-2028. The report further segments the market by product type, into a stackable, collapsible and nestable. Of these, the nestable RPC segment is estimated to dominate the market in 2018 in terms of market value. By material type, the study covers HDPE, PP and others. Among material types, the HDPE segment of RPC dominates the market with more than 60% market share in 2018.
Later in the study, market players have been profiled in terms of attributes such as competitive landscape, business overview, manufacturing footprint, and recent developments. At present, chief players operating in the global RPC market include Brambles, Dynawest Ltd., Myers Industries, Inc., DS Smith Plc., Supreme Industries Limited, Schoeller Allibert, Rehrig Pacific Company, TranPak, Inc., RPP Containers and Ravensbourn Limited.
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