PUBLISHER: The Business Research Company | PRODUCT CODE: 1539782
PUBLISHER: The Business Research Company | PRODUCT CODE: 1539782
Returnable transport packaging includes sturdy, reusable containers and materials utilized for efficiently and sustainably transporting goods throughout the supply chain. These packaging solutions are designed to be sent back to the sender or a designated location for reuse, thereby reducing waste and minimizing environmental impact compared to single-use packaging. This contributes to long-term resource conservation and operational savings across various industries.
Key products in the returnable transport packaging market include intermediate bulk containers (IBC), pallets, plastic crates, drums, dunnage bags, and others. Intermediate bulk containers (IBC) are large containers used for storing and transporting liquids or granular materials. These containers are made from various materials such as glass, plastic, metal, wood, paper, and paperboard. The diverse range of industries served includes building and construction, food and beverage, chemical, retail, industrial, logistics, and others.
The returnable transport packaging market research report is one of a series of new reports from The Business Research Company that provides returnable transport packaging market statistics, including the returnable transport packaging industry global market size, regional shares, competitors with returnable transport packaging market share, detailed returnable transport packaging market segments, market trends, and opportunities, and any further data you may need to thrive in the returnable transport packaging industry. These returnable transport packaging market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The returnable transport packaging market size has grown strongly in recent years. It will grow from $26.36 billion in 2023 to $28.02 billion in 2024 at a compound annual growth rate (CAGR) of 6.3%. The growth observed in the historical period can be attributed to several factors, including the increased use of biodegradable materials, heightened investments by companies in research and development, greater adoption of returnable transport packaging (RTP) within the healthcare industry, expansion of cold chain logistics for pharmaceuticals and perishable goods, and a rising corporate emphasis on sustainability and reducing carbon footprints.
The returnable transport packaging market size is expected to see strong growth in the next few years. It will grow to $35.94 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The anticipated growth in the forecast period can be linked to several factors, including the transition towards a circular economy, the imperative to minimize waste, the increasing adoption of renewable energy sources, a heightened focus on lifecycle management, enhanced consumer education efforts, and the demand for hygienic and secure packaging solutions. Key trends expected in this period encompass the digital transformation of supply chains, a shift towards reusable transport packaging (RTP) solutions designed for multiple trips, the implementation of closed-loop systems, the integration of blockchain technology for enhanced traceability, and the expanded utilization of smart sensors.
The anticipated growth of the returnable transport packaging market is expected to be driven by increasing demand for reused goods and products for recycling. Reused goods and recycled products involve items that are repurposed or used again as part of sustainable practices aimed at reducing waste and conserving resources. This trend supports the returnable transport packaging market by encouraging the use of reusable packaging, reducing waste generation, and enhancing efficiency. For example, according to the National Environment Agency, Singapore's recycling rate improved from 52% in 2020 to 55% in 2021, with 3.83 million tons of waste recycled. As a result, the rising demand for reused goods and products for recycling is fueling the growth of the returnable transport packaging market.
Major companies in the returnable transport packaging market are prioritizing the development of innovative, sustainable solutions to meet stringent environmental regulations and growing consumer demand for eco-friendly packaging choices. Sustainable solutions in this context refer to packaging options and practices that minimize environmental impact across their lifecycle, including reduced resource consumption, lower emissions, and effective recycling or reusability. For example, in September 2021, Mauser Packaging Solutions, a US-based company specializing in packaging and container manufacturing, introduced the Space Efficient IBC Solution. This innovative IBC solution includes a composite pallet designed for ISO container shipments, enabling efficient stacking up to two-high, thereby increasing loading efficiency by 11%. Returnable transport packaging solutions such as IBCs are instrumental in optimizing logistics, reducing carbon footprints, and enhancing inventory management efficiency through technologies such as radio frequency identification (RFID) tracking.
In March 2023, Brambles Limited, an Australian supply chain and logistics company, completed a merger of its CHEP China operations with Loscam Holdings Limited for $132.2 million. This strategic move aims to integrate the pallet and automotive pooling operations of CHEP China and Loscam, enhancing operational efficiency and service capabilities. The merger is intended to bolster market presence, fortify logistics infrastructure, and consolidate strengths in the Chinese market. Loscam Holdings Limited, based in China, specializes in manufacturing returnable packaging solutions, including pallets and containers.
Major companies operating in the returnable transport packaging market are Smurfit Kappa Group plc, DS Smith plc, Grief Inc., Brambles Limited, Mauser Packaging Solutions, Schutz Werke, Borealis, Schaefer Systems International Pvt Ltd, Orbis Corporation, Schoeller Allibert, Time Technoplast Limited, Rehrig Pacific Company, PalletOne Inc., Knauf Industries, Craemer Group, Snyder Industries Inc., Cabka Group GmbH, Monoflo International Inc., Buckhorn Inc., A.R. Arena Products Inc., TranPak Inc., Del-Tec Packaging Inc., Plastic Pallet & Container Inc., RPP Containers, IPL Global
Asia-Pacific was the largest region in the returnable transport packaging market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the returnable transport packaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the returnable transport packaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The returnable transport packaging market consists of sales of collapsible containers, metal racks, frames, and bulk bins. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Returnable Transport Packaging Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on returnable transport packaging market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for returnable transport packaging ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The returnable transport packaging market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.