Returnable transport packaging comprises the packaging system that uses the reusable sacks, pallets, containers, drums, and racks. These are used to safely transport the products all over the supply chain system. Global Returnable Transport Packaging Market (RTP) was value US$ 2.5Bn in 2017 and is expected to reach US$ 5.2Bn by 2026 at a CAGR of 9.5%.
Due to the factor that returnable transport packaging (RTP) is environmentally friendly and cost-efficient, the market is growing at a significant rate. The returnable transport packaging market has great potential due to the rising landfilling issues, regulations on environmental issues, and the high cost of the packaging. The e-commerce organizations and the many industrial companies spend a lot on the packaging which affects largely on their service and manufacturing costs. Due to all these factors, there is a massive demand for the returnable transport packaging.
Wood material type segment is leading the global returnable transport packaging market. Returnable wood transport packaging is set to witness the highest growth rate owing to that sole reason of environmental impact, capital investment needed, and the total cost of the system, as well as transport/storage/repairs, ergonomics, and safety for workers when compared with other materials used. Though, there are stringent regulations that might impact market growth.
Region-wise, North America is expected to hold the maximum share in the global returnable transport packaging market throughout the forecast period. The demand for reusable packaging products will be the primary driver for the growth of the market in North America. The largest market segments contributing to the growth of the market in North America region are food and beverages and household products.
The key development in the market is Nefab Packaging Sweden AB acquired the assets of Foldy Pac Nordic AB, a company that produces wooden packaging for demanding transport by road, sea, and air, to growing their product portfolio and cater to more geographies.
Returnable transport packaging market report focuses on the global returnable transport packaging (RTP) future forecast, growth opportunity, a key market, and key players. The study objectives are to present the returnable transport packaging (RTP) development in the US, Europe, and China.
Key players operating in global returnable transport packaging market (RTP), CSI Sertapak Inc., Free Pack Net, PalletOne, DS Smith, Nefab AB, George Utz, SSI Schaefer LTDA, Foxwood, European Logistics Management, Myers Industries, Monoflo International, Eltete TPM, Schoeller Allibert, Polymer Logistics N.V., Lamar Packaging Systems, Outpace Packaging Solutions, DelTec Packaging, Green Peas Solutions, IFCO Systems, and CHEP International.
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