Returnable Transport Packaging (RTP) Market

Returnable Transport Packaging (RTP) Market: Cost Optimization Strategies Adopted by Industry Leaders to Boost Consumption: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028

Asia Pacific to Emerge as a Lucrative Regional Market

Asia Pacific, backed by the presence of rapidly developing economies such as India and China, is expected to exhibit tremendous growth potential during the assessment period. The region’s lucrative growth can be attributed to presence of a flourishing automotive manufacturing sector and soaring sales of vehicles.

For instance, as per the estimates of the Packaging Industry Association of India (PIAI), the packaging industry is among one of the thriving industries in India, expanding at a rate of 22% to 25% year on year.

Along similar lines, increasing costs of packaging, risk of damage to goods during the transportation, and high cost of disposing packaging materials is asserting end-users to seek sustainable packaging, thus driving demand for returnable transport packaging in the region.

On the production side, easy availability of raw materials are facilitating wide-scale production, thus further impelling revenue to the market players. Likewise, swift infrastructural development and rising levels of disposable income in the region are anticipated to impel revenue to the players operating in the Asia Pacific returnable transport packaging market.

Returnable transport packaging finds takers in numerous end-use industries, such as electronics, cosmetics, food and beverage, consumer goods, and automotive. As individual consumers comprise a large proportion of end-users of any retail products which are generally packed using crates and containers, increasing purchase power in the region, especially in India, will positively influence the growth of the market.

On these lines, the proliferating demand for retail goods will subsequently transmute into the demand for returnable transport packaging.

Introduction

The global returnable transport packaging market was valued at US$ 21,104.8 Mn in 2017, and is estimated to reach US$ 34,666.6 Mn, by 2028, registering a CAGR of around 4.7% during the forecast period, i.e. 2018-2028.

Returnable transport packaging (RTP) comprises of several packaging solutions like pallets & crates, drums, and dunnage bags. The key objective of returnable transport packaging is to provide safe and secure transportation of goods & products throughout the entire supply chain system.

Returnable transport packaging solutions are used for the transportation of several goods from end-use industries like food & beverages, chemicals, building & construction, etc. In addition, returnable transport packaging is a reverse logistics system which helps in refining the supply chain.

Flourishing Intercontinental Trade is Fuelling the Demand for Returnable Transport Packaging Solutions

The growth in demand for returnable transport packaging solutions such as industrial drums, pallets, etc. is expected to result from the expanding intercontinental trade. Subsequently, the acceptance of returnable transport packaging has increased among industrial users. The returnable transport packaging market has constantly reflected the up-gradation in product design, which eventually increases the value for the end user. From old designs of wooden drums to improved and lightweight fiber drums, the global returnable transport packaging market is witnessing a transition.

Consumers from developed markets, as well as high-potential emerging markets, are opting for returnable transport packaging solutions. The global trade for industrial products has seen a 3x growth during the past decade. The demand is also anticipated to be driven by the increased use of larger, higher-valued returnable transport packaging, which certifies improved performance and reduced cost in the long run, as compared to smaller returnable transport packaging solutions which generally have shorter service lives.

Returnable Transport Packaging Solutions such as Flexible IBCs Fast Replacing Corrugated Boxes, in Large-volume Fresh Produce Exports

Exploring untapped regions for exports will create ample opportunities for the growth of the returnable transport packaging market. For example, Europe has a high quantity of fresh organic produce. Shipping of these organic products across several developing regions will require the use of returnable transport packaging like bulk bags, further strengthening the market in this region.

Flexible intermediate bulk containers (FIBCs) is a type of returnable transport packaging which is one of the most suitable options for the export of food products. FIBC bags are replacing corrugated boxes as they are more durable and lighter. The single-use property of returnable transport packaging solutions like FIBC bags eliminates the possibility of contamination and also eliminates the need for cleaning.

  • Conitex Sonoco USA Inc., a manufacturer of FIBCs, launched BulkSak, a web-enabled program which can provide access to a wide range of ready-to-ship FIBCs.

Smart Pallets & Crates Gaining Momentum in Cargo Tracking Applications

Smart pallets & crates comprise of radio frequency identification (RFID) microchips placed inside pallets and crates, to collect information in real time. These have advanced features such as product tracking, asset tracking, and inventory management. In the coming years, the need for smarter pallets & crates in the returnable transport packaging market is anticipated to increase as the supply chain becomes more automated.

Furthermore, the use of RFID tags, especially in plastic pallets and crates, to track a product is expected to gain traction in the returnable transport packaging market in the near future. Additionally, vendors have started using robots for processes such as nailing, dismantling, and repair of pallets and crates.

Key Developments in the Global Returnable Transport Packaging Market

  • Manufacturers in the returnable transport packaging market are actively focusing on increasing the global footprint of returnable transport packaging solutions through acquisitions.
  • Several manufacturers are adopting an acquisition strategy for their market expansion.
    • Craemer Holding GmbH acquired Telford Factory in the U.K. to increase its pallet production capacity
    • Mauser Packaging Solutions announced the acquisition of Engineered Recycling Company, LLC (ERC), a plastic manufacturer 
  • Manufacturers in the returnable transport packaging market are considering expansion by improving their manufacturing and sales facilities.
  • Greif, Inc. deployed 3,000 new trailers to serve its customers throughout North America
  • Mauser Packaging Solutions announced the start of three new production lines in St Priest, France by 2017

Competitive Landscape Analysis

Key players profiled in the report on the global returnable transport packaging market include – Greif, Inc., Brambles Limited, Mauser Packaging Solutions, Schoeller Allibert Services B.V, DS Smith Plc, Time Technoplast Ltd., Berry Global, Inc, Cordstrap B.V, Schuetz GmbH & Co. KGaA, Supreme Industries Limited, PalletOne, Inc, Balmer Lawrie & Co. Ltd., Craemer Holding GmbH, Cabka Group GmbH, Bulk Lift International, Inc, Thielmann US LLC, TranPak, Inc, Rehrig Pacific Company, Inc., Myers Industries, Inc., and Snyder Industries, Inc.

The global returnable transport packaging market has several unorganized and local players. Moreover, the returnable transport packaging market has witnessed the trend of rental and pooling business over the past few years.

Returnable Transport Package (RTP) Market Report: Scope

Attribute

Details

Forecast Period

2018-2028

Historical Data Available for

2013-2017

Market Analysis

USD Million for value.

Key Regions Covered

North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa.

 

 

Key Countries Covered

US, Canada, Brazil, Mexico, Argentina, Rest of Latin America, Germany, Italy, France, Spain, U.K., Russia, BENELUX, Rest of Europe, Rest of Western Europe, India, China, ASEAN, Rest of APEJ, Australia and New Zealand, Rest of South Africa & Pacific GCC Countries, Turkey, South Africa, and Rest of MEA 

Key Segments Covered

Material type, Packaging type, Level of packaging, End-use, and Region

Key Companies Profiled

Greif, Inc., Brambles Limited, Mauser Packaging Solutions, Schoeller Allibert Services B.V, DS Smith Plc, Time Technoplast Ltd., Berry Global, Inc, Cordstrap B.V, Schuetz GmbH & Co. KGaA, Supreme Industries Limited, PalletOne, Inc, Balmer Lawrie & Co. Ltd., Craemer Holding GmbH, Cabka Group GmbH, Bulk Lift International, Inc, Thielmann US LLC, TranPak, Inc, Rehrig Pacific Company, Inc., Myers Industries, Inc., and Snyder Industries, Inc., among others.

Report Coverage

Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives

Customization & Pricing

Available upon Request

Key Segments Covered

By product type, the global returnable transport packaging market is segmented as:

  • IBC
    • Rigid
    • Flexible
  • Pallets
    • Wood
    • Plastic
    • Metal
  • Plastic Crates
  • Layer Pads
  • Drums
    • Plastic
    • Metal
    • Fiber
  • Dunnage Bags

By material type, the global returnable transport packaging market is segmented as:

  • Metals
  • Plastics
  • Papers
  • Wood

By end-use industry, the global returnable transport packaging market is segmented as:

  • Building & Construction
  • Food & Beverages
  • Chemicals
  • Retail
  • Industrial
  • Logistics

Regional analysis of returnable transport packaging market is presented for following market segments:

  • North America
    • U.S.
    • Canada 
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America 
  • Europe
    • Germany
    • Italy
    • France
    • Spain
    • U.K.
    • Benelux
    • Nordic
    • Russia
    • Poland
    • Rest of Europe 
  • South Asia
    • India
    • Thailand
    • Indonesia
    • Malaysia
    • Rest of South Africa 
  • East Asia
    • China
    • India
    • South Korea
    • Rest of East Asia 
  • Oceania
    • Australia
    • New Zealand 
  • MEA
    • GCC
    • Turkey
    • Northern Africa
    • South Africa
    • Rest of MEA

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