Download The Findit App

Share Your Posts On These Major Social Networks

Instatag Your Posts to Instagram Facebook + Twitter

Right Now

Returnable Transport Packaging (RTP) Market is Estimated to Account for US$ 34,666.6 Mn by 2028 | FMI Reports

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% in 2019. Future Market Insights (FMI) provides key
insights on the global returnable transport packaging market in its
published report. 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. Widespread availability of various returnable
transport packaging products such as IBCs, pallets, drums, layer pads,
plastic crates, and dunnage bags of different capacities allow
convenient packaging of agricultural goods.

In this report, FMI
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 molding
process. Bulk containers have generated a great level of productivity
for the shipping industry and also helped them achieve subtle
profitability.

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. Despite the positive factors, there are certain
factors which hinder the growth of the global returnable transport
packaging. Lack of infrastructure and weaker supply chain capabilities
are hampering the growth of returnable transport packaging solutions in
some parts of the world.

The growth of returnable transport
packaging can mainly be attributed to the contributions from the East
Asia region. According to the research by Future Market Insights, the
South Asia returnable transport packaging market has witnessed
significant growth in the past couple of decades. Manufacturers of
returnable transport packaging solutions like drums, pallets, IBCs,
crates, etc. are looking forward to tapping into lucrative opportunities
provided by the South Asia and East Asia returnable transport packaging
market. Bulk packaging solutions for the storage and transit of fresh
produce and food items provided by returnable transport packaging are
positive factors driving the growth of the returnable transport
packaging market.

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.

Source Link: https://www.globenewswire.com/news-release/2019/03/04/1745869/0/en/Returnable-Transport-Packaging-RTP-Market-Size-Worth-US-34-666-6-Mn-by-2028-Future-Market-Insights.html

More from Future Market Insights Packaging Market Intelligence:

About Us

Future
Market Insights (FMI) is a leading market intelligence and consulting
firm. We deliver syndicated research reports, custom research reports
and consulting services which are personalized in nature. FMI delivers a
complete packaged solution, which combines current market intelligence,
statistical anecdotes, technology inputs, valuable growth insights and
an aerial view of the competitive framework and future market trends.

Contact Us

Mr. Abhishek Budholiya
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
T (UK): + 44 (0) 20 7692 8790
Sales: sales@futuremarketinsights.com
Press OfficePress@futuremarketinsights.com

Source: Future Market Insights

FMI Packaging whitepaper

Load More wait