What is Returnable Transport Packaging Market?
Returnable transport packaging (RTP) is a multi-trip packaging medium that allows goods to be transported between vendors and customers more than once. Returnable transport packaging from a vendor stored on your premises is managed as special stock and clearly identified as belonging to the vendor. It is the vendor's property and thus not included in the customer's valued stock. Returnable packaging is made up of materials that are stored at the customer's location but remain your company's property. The customer is only obligated to pay you for the returnable packaging if he fails to return it to you by the deadline.
Highlights from Returnable Transport Packaging Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | NEFAB GROUP (Swedish), IFCO SYSTEMS (Germany), Rehrig Pacific Company (United States), RPS Group (United Kingdom), Schoeller Allibert (Netherlands), Schaefer Systems International Inc. (Unite States), 1stWebbing (United Kingdom), Amatech Inc. (United States), Lamar Packaging Systems (Unite States) and Polymer Logistics N.V. (United States) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Returnable Transport Packaging market throughout the forecasted period.
NEFAB GROUP (Swedish), IFCO SYSTEMS (Germany), Rehrig Pacific Company (United States), RPS Group (United Kingdom), Schoeller Allibert (Netherlands), Schaefer Systems International Inc. (Unite States), 1stWebbing (United Kingdom), Amatech Inc. (United States), Lamar Packaging Systems (Unite States) and Polymer Logistics N.V. (United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are CABKA Group (Germany), Del-Tec Packaging (United States), CHEP (Australia), DS Smith (United Kingdom), Ecopac Power Ltd. (United Kingdom) and Others. Returnable Transport Packaging Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Automotive, Food and Beverages, Consumer Goods, Industrial and Others |
Type | IBC, Pallets, Plastic Crates, Layer Pads, Drums and Dunnage Bags |
Material | Metal,Plastic,Paper,Wood |
End User | Building & Construction,Food & Beverage,Chemical,Retail,Industrial,Logistics |
On the basis of geography, the market of Returnable Transport Packaging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technology Advancement of the Returnable Transport Packaging and Increasing Usage of Bio-Degradable Alternatives
Market Growth Drivers:
High Optimization in Returnable Transport Packaging Size, Strong Demand for Returnable Transport Packaging from End-Use Industries and Increasing Urban Population and High Optimization in Pack Size
Challenges:
Challenges in the Management of the Packaging Supply Chain, Cost-To-Benefit Ratio A Concern to Small Manufacturers and Varying Environmental Mandates Across Regions
Restraints:
Differing Regulations Regarding the Packaging across the Differing Logistical Regions
Opportunities:
Growing Demand from Emerging Economics such as India, China and others and Increasing R&D Investments in Returnable Transport Packaging
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, New Entrants and Investors, Returnable Transport Packaging Manufacturer, Returnable Transport Packaging Distributors and Suppliers, Government Bodies, End-Users and Others
Market Leaders & Development Strategies
On 28th October 2021, Nefab Group AB has acquired Reflex Packaging Group, the world's leading company in sustainable thermoformed cushioning, to strengthen their commitment to saving resources in supply chains. Reflex Packaging will continue to operate as a separate entity within the Nefab Group.
To address these negative consequences of packaging, RTP enables businesses to reduce operational costs and environmental impact while adhering to government regulations for sustainable supply chains. Packaging has contributed significantly to global warming and ozone layer depletion. Because of the constant disposal of waste, it has put an excessive strain on the environment. Packaging also takes up landfill space and is a source of toxic materials, which has health implications and increases the risk of groundwater contamination.