Global demand for returnable transport packaging (RTP) valuated at around US$ 22 billion in 2018, which is likely to witness a moderate surge of 4.3 percent in 2019. East Asia’s returnable transport packaging market will remain the top revenue shareholder, with an estimated share of more than 1/4th of the global value, according to the report.
Returnable transport packaging has been a safe and efficient transportation solution throughout the supply chain across several end-use industries, including food & beverages, building & construction, and chemicals among others. In addition, returnable transport packaging solutions can be reused and recycled. Furthermore, returnable transport packaging is a type of reverse logistics that ensures more efficient supply chain system with improved service quality.
The growth in intercontinental trade is fuelling the demand for returnable transport packaging solutions. The adoption of returnable transport packaging has increased among industrial users. The returnable transport packaging market has been consistently witnessing evolution of product designs to cater to end user demands.
The report recommends that returnable transport packaging will play a major role in the food & beverage industry during the forecast period. Increase in trade activities and the use of crates and pallets for transportation have boosted the sales of returnable transport packaging solutions. Another factor driving the growth of the global returnable transport packaging market is its minimum contamination issue, since plastic crates and plastic pallets are manufactured from the blow moulding process.
The global demand for returnable transport packaging is heavily influenced by the dynamics of the global supply chain and logistics industries. Returnable transport packaging caters to specific requirements arising in the supply chain and logistics process of the companies engaged in the shipment of the consumer as well as the industrial goods.
The growth of returnable transport packaging can mainly be attributed to the contributions from the East Asia region. According to the research, the South Asia returnable transport packaging market has witnessed significant growth in the past couple of decades.
Key players considered in this 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.