Returnable Transport Packaging Market - Forecasts from 2024 to 2029

The returnable transport packaging (RTP) market was valued at US$9.356 billion in 2022 and is expected to grow at a CAGR of 6.01% during the forecast period.

Increasing demand for sustainable and durable packaging products from various end-use industries, as well as rising demand in food products, the rise of e-commerce behemoths, the growing presence of a large number of manufacturing companies in countries such as China, India, Indonesia, and Vietnam, rapid industrialization in Asia Pacific due to low manufacturing costs, and a shift in focus from the oil industry to manufacturing, are all factors driving market growth. Furthermore, rising R&D activities in the market, as well as increasing progress and technical improvement in the packaging sector, will open up new chances for the returnable transport packaging market during the projected period.

Introduction:

Returnable Transport packing (RTP) is a multi-trip packing medium that allows items and things to be carried more than once. Pallets and containers are used in this packing. These types of packaging are composed of sturdy materials such as wood, metal, plastic, and so on, and are typically held by shops. They are stored in a place as special stock and clearly labelled as belonging to the retailer. It also allows you to manage individually the transport of packaging supplies of items and materials belonging to retailers. Traditional packing methods that are not biodegradable and cannot be reused in the operating cycle have raised worries about the environment and global warming, as well as expanded wastelands and landfills. Companies are implementing eco-friendly green packaging strategies by using returnable transport packaging. The returnable transport packaging industry is expanding due to rising food product demand and the advent of e-commerce behemoths. These firms are also constrained to some extent by the increased need for sustainability in packaging and material consumption. Furthermore, the business faces issues due to high raw material costs, inefficiencies, and resultant waste during transportation. As a result, the leading competitors in the returnable transport packaging (RTP) market are spending heavily on innovation to bring about new improvements and increased efficiency. This is projected to drive the returnable transport packaging (RTP) industry forward shortly.

Drivers:

• Growing demand from the automotive sector to drive market growth:The automobile industry is predicted to provide a boost to the market. The automobile industry, like the retail industry, is primarily reliant on the constant supply of goods via returnable transportation means. Furthermore, heavy packing materials utilized in the business give the returnable transport packaging market much-required strength, minimal maintenance, and a small footprint.
• Expanding the food and beverages sector is likely to fuel the market expansion:Returnable crates and containers are in great demand due to the booming food and beverage sector. The increased need for secure, protected, damage-free, and ecologically friendly transport packaging solutions in the food industry is driving sales.
• Rising demand from the chemical sector to boost the market dynamics:The container is increasingly being used to carry chemicals such as paints, coatings, and colours. IBCs are one of the best returnable transport packaging choices for carrying corrosive and hazardous substances. They also serve as an efficient warehouse storage solution. Paints, coatings, and dyes are a demanding sector that necessitates storage and transport containers that can withstand diverse chemical reactions while effectively delivering the product without compromising its quality. The market for returnable transport packaging is driven by the need for safe, cost-effective, and secure packing solutions as they provide the required packaging solutions.
• The proliferation of e-commerce channels is propelling market growth:Due to the expansion of e-commerce channels across the nation, has resulted in an increase in the number of items sent, and a greater focus has been placed on efficient and effective supply chain management. Returnable pallets can assist in simplifying the shipping process, minimize the risk of product damage, and cut transportation expenses.
• The rising trend of sustainable packaging solutions is likely to influence market growth:Conventional packing methods that are not biodegradable and cannot be reused in the operating cycle have created environmental and global warming issues, as well as wastelands and landfills. Companies are using eco-friendly green packaging strategies by using returnable transport packaging which is helping them in adhering to their respective sustainable goals.

Products offered by key companies:

• GCUBE IBC with Hybrid Pallet, Grief, Inc.:The GCUBE Intermediate Bulk Container (IBC) hybrid pallet combines a sturdy IBC cage with an improved pallet that is better suited for overall product handling. IBCs are often less expensive than smaller containers, especially when delivering large quantities of cargo. IBCs can be swiftly loaded and unloaded, reducing handling times and increasing supply chain efficiency. GCUBEs can be designed to integrate with manufacturing floor machine automation.
• SVR Drums, Mauser Packaging Solutions:MAUSER's SVR line of high-quality drums for hazardous liquids is available in a variety of colours. There is a large variety of sealing caps and gasket materials available. The drums range in size from 20 to 60 liters and all have volume indicators. These one-piece blow-moulded HDPE containers are exceptionally sturdy and robust, making them easy to stack and return for reuse.

The prominent growth in the plastic sector under the material type segment

The plastic sector held the biggest market share. Packaging solutions made from plastic films like high-density polypropylene (HDPE) and polypropylene (PE) are easy to clean and resistant to corrosion, severe weather, and solvents. They can withstand shocks during transit and are simple to handle with a forklift and other material-handling equipment. Plastic packaging solutions are resistant to chemicals and can withstand all sorts of weather, making them ideal for the pharmaceutical, chemical, food, and beverage sectors, which will drive market expansion in this area.

The North American region is expected to hold a significant share of the returnable transport packaging market:

The North American regional market is predicted to grow significantly since major regional organizations such as the United States provide a very wide as well as challenging transportation landscape. Furthermore, the market is one of the largest in the world and has recently held a major proportion of revenue. North America retained the biggest market share due to significant pharmaceutical, food and beverage, and automobile industries in the United States, Mexico, and Canada. The robust nature, cheap cost, and low weight of plastic-based reusable packaging containers are the primary reasons for the segment's dominance. Furthermore, the trend toward recyclable packaging in the area is fast expanding as more businesses recognize the benefits of employing sustainable packaging solutions, which is driving market expansion. Moreover, the returnable transport packaging (RTP) market is likely to experience various new possibilities as the automotive industry and e-commerce sector expand in the area, paving the way for further expansion.

Key developments:

• In April 2023, Brambles confirmed the finalization of a merger between CHEP China, a returnable packaging maker, and LOSCAM China, a pooling and returnable packaging solutions provider for supply chains. This transaction will assist Brambles in fulfilling the growing demand for returnable packaging solutions by providing an efficient supply chain.
• Mauser Packaging Solutions declared the introduction of a space-efficient IBC solution with a new composite pallet designed to maximize the capacity and loading efficiency of IBCin September 2021.

Segmentation

BY PRODUCT TYPE

• IBC
• Rigid
• Flexible
• Pallets
• Wood
• Plastic
• Metal
• Plastic Crates
• Layer Pads
• Drum
• Plastic
• Metal
• Fibre
• Dunnage Bags

BY MATERIAL TYPE:

• Metal
• Plastic
• Wood

BY END-USE INDUSTRY:

• Building & Construction
• Food & Beverage
• Chemical
• Retail
• Industrial
• Logistics

BY GEOGRAPHY

• North America
• United States
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• United Kingdom
• Germany
• France
• Italy
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Others
• Asia Pacific
• Japan
• China
• India
• South Korea
• Taiwan
• Thailand
• Indonesia
• Others