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The global returnable transport packaging market will grow by 4.8% CAGR between 2021 and 2031. Government regulations favoring intercontinental trade along with concerns pertaining environment will bolster the demand for returnable transport packaging in various industries such as chemical, food & beverage, building & construction, and others.
Returnable transport packaging includes IBC, pallets, crates, layer pads, drums, and dunnage bags which can be re-used. This packaging solution provides safe and secure transportation of goods and helps in reducing the carbon footprint as the same product can be re-used for transportation of another goods.
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Also, it helps in refining the supply chain as it is a reverse logistic system. These factors have encouraged the use of returnable transport packaging in various industries such as building & construction, food & beverage, chemical, retail, logistics, and others.
Returnable transport packaging is available in different materials such as metal, paper, plastic, and wood as per the requirement of end users. It offers clean and organized packaging solution as it reduces and eliminates the mess created by one-way packaging such as trash, dust, and others.
It also helps in building a brand reputation as it indicates that the company is adopting sustainable packaging solutions. On the back of these factors, the demand for returnable transport packaging is anticipated to grow during the foreseeable period.
Future Market Insights forecasts that the increasing trade activities along with the rising demand for re-useable and sustainable packaging solutions are projected to create growth opportunities for returnable transport packaging market.
Key Takeaways from Returnable Transport Packaging Market
“The increasing trade flow across various regions will propel the demand for returnable transport packaging to reduce the cost as well as reduce carbon footprint. Implementation of stringent environmental protection regulations will encourage use of returnable transport packaging as a viable packaging solution in transportation & logistics,” says a FMI analyst.
Focus on Sustainability fuelling Demand for Returnable Transport Packaging
Returnable transport packaging is gaining popularity among the various industries due to the increasing need for safe, secure, environmentally friendly, cost-effective, and lightweight packaging solutions.
These packaging solutions can be reused which helps in addressing the sustainability concern as it helps in reducing the waste created by one-way packaging along with reducing the carbon footprint.
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It helps in minimizing the use of raw materials, energy consumption, and wastage. Also, the returnable transport packaging solutions adhere to government regulations to support environmental sustainability.
The returnable transport packaging also contributes towards lowering the production cost which has created buzz among various industries. Moreover, the industries can save huge cost, which they normally incurred on disposing of packaging material. Overall, the increasing demand for sustainable, cost-effective and secure packaging solutions among the various end users will bolster the demand for returnable transport packaging.
Returnable Transport Packaging Market Competitive Landscape
Brambles Limited, Greif, Inc., Mauser Packaging Solutions, DS Smith Plc., and Schuetz GmbH & Co. KGaA are the top players operating in the target market. Furthermore, Time Technoplast Ltd., Schoeller Allibert Services B.V, and others are also noticeable players in the market. The Tier 1 players in the market hold 10-15% in the global market for returnable transport packaging.
Returnable Transport Packaging Market Report
Future Market Insights, in its new report, offers an unbiased analysis of the global market for returnable transport packaging, analyzing historical demand from 2013-2020 and forecast statistics for 2021-2031. The study reveals market growth projections on the returnable transport packaging based on product type (IBC (rigid and flexible), pallets (wood, plastic, and metal), plastic crates, layer pads, drums (plastic, metal, and fiber), and dunnage bags), material type (metal, plastic, paper, and wood), and end use industry (building & construction, food & beverage, chemical, retail, other industrial, and logistics) across seven regions.
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The post U.S. Returnable Transport Packaging (RTP) Market Demand is Growing by Expanding Food and Beverages Industry appeared first on Future Market Insights.
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