July 10, 2018 (Investorideas.com Newswire) Demand for new reusable plastic containers (RPCs) for fresh produce is projected to increase 7.6% per year to $185 million in 2022, making them one of the fastest growing produce packaging products. Gains will be due to the implementation of RPC-based logistical systems for produce by grocery chains. Walmart and several regional grocery chains have adopted full or partial RPC-based systems. Demand for new RPCs will increase much faster than the overall produce packaging average but is expected to continue decelerating due to the size of the existing RPC pool. These and other trends are presented in Produce Packaging Market in the US, 7th Edition, a new study from The Freedonia Group, a Cleveland-based industry research firm.
The number of RPCs in use is much larger than demand due to the multiple trips made per year by most of these containers and their ability to be used for up to 100 trips.
Still, there will be growth opportunities due to:
US demand for all types of produce packaging is projected to increase 4.0% per year to $6.5 billion in 2022. This will represent an improvement over the 2012-2017 period, when domestic produce production declined. Beyond a modest rebound in production, a number of other factors will boost demand, including increased packaging of heretofore unpackaged produce items, and the widening availability of cut and shredded produce in convenience-oriented packaging.
Produce Packaging Market in the US, 7th Edition (published 6/2018, 231 pages) is available for $5500 from The Freedonia Group. For further details or to arrange an interview with the analyst, please contact Corinne Gangloff by phone 440.684.9600 or email firstname.lastname@example.org.
Related studies include:
#3609 Food Containers in the US, 11th Edition (April 2018)
#3585 Labels Market in the US, 12th Edition (November 2017)
About The Freedonia Group, a division of MarketResearch.com - The Freedonia Group is a leading international industrial research company publishing more than 100 studies annually. Since 1985, we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Additional Packaging studies can be purchased at https://www.freedoniagroup.com, www.marketresearch.com and www.profound.com.
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