Global Euro containers market: Overview
Euro containers are industrial stacking containers used for storage and shipping of goods. Euro containers help to maintain the quality of products during material handling and conveyance. Euro containers with lid reduce tampering of the goods. Since there is increased demand for tamper-evident packaging solutions in the market, it is expected that the global Euro containers market will face sizeable demand during the forecast period. Inventories are easily traceable with the help of chip attached to euro containers. The demand for euro containers is increasing due to higher demand for cost-effective solutions which require minimal maintenance. Euro containers are recyclable and robust which makes them an ideal choice in the B2B market. Euro containers are likely to witness high demand during the next ten years due to their durability, light weight, and lower prices as compared to alternatives available in the market.
Given the growth of end use market, the global Euro containers market is expected to grow on the backdrop of growth in logistics, food & agriculture, and automotive industries, among others.
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Global Euro containers market: Dynamics
Two of the key parameters which drive growth of the Euro containers market include demand for solutions which enable high speed loading and unloading of goods, and reduction in handling between collection and delivery of products Since euro containers help to enhance the security and life of the goods They are expected to register growth in preference during the forecast period. High load carrying capacity and versatile design are the fueling factors for growth of Euro containers market. The expansion of the transport & logistics sector provides significant scope for growth of the global euro containers market. Similarly, increasing penetration of e-retail, especially in developing countries I expected to boost demand for Europe containers in the market. Euro containers aid in preservation of the quality of goods during transit, and therefore, their applications in the food industry are expected to have positive prospects. Additionally, manufacturers of euro containers also add the provision of controlling the container temperature, thereby making them fit for transportation of drugs as well. The global Euro containers market is expected to grow on the backdrop of growth in demand for returnable transport packaging solutions. Therefore, the B2B market is expected to generate substantial demand for euro containers during the forecast period.
Despite of the positive outlook, certain factors like a high initial capital requirement and lack of technology-based machinery for manufacturing euro container might lead to sluggish growth of Euro containers market. Furthermore, the Euro containers market is facing intense competition from the steel containers market. However, utilization of euro containers is more in the B2B market as it is non-corrosive and helps to maintain hygiene of food and drugs.
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Euro containers market: Segmentation
By product type, the global Euro containers market is segment as –
- Stacking containers
- With lids
- Without lids
- Folding containers
By material, the global Euro containers market is segment as –
- Plastic
- Metal
By end use, the global Euro containers market is segment as –
- Food
- Pharmaceutical
- Retail
- Transportation & Logistics
- Others
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Euro containers market: Regional Outlook
However, the massive expansion of logistics industries in China provides more opportunities for growth of the Euro containers market. The Asia Pacific countries are witnessing extensive development in the food industry, which will promote growth of the global Euro containers market. North America, Russia, and Japan are leading to huge demand for Euro containers market because of increase in number of supermarkets. The Euro containers market is likely to further grow in developing countries like India, Kenya, and Malaysia.
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