The returnable transport packaging global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Returnable Transport Packaging Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
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 in the historic period can be attributed to increase use of biodegradable materials, Companies are investing more in research and development, healthcare industry will increasingly adopt RTP, growth in cold chain logistics for pharmaceuticals and perishable goods, and increasing corporate commitments to 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 growth in the forecast period can be attributed to shift towards a circular economy, the need to reduce waste, shift towards renewable energy use, focus on lifecycle management, focus on consumer education, and the need for hygienic and safe packaging solutions. Major trends in the forecast period include digital transformation of supply chains, move towards multi-trip RTP solutions, implement closed-loop systems, blockchain for traceability, and increased use of smart sensors.
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Scope Of Returnable Transport Packaging Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Returnable Transport Packaging Market Overview
Market Drivers –
The rising demand for reused goods and products for recycling is expected to propel the growth of the returnable transport packaging market going forward. Reused goods and recycled products refer to items that are repurposed or used again in some form as part of the recycling process. Reused goods and products for recycling due to sustainable practices that reduce waste and conserve resources. Reused goods and products for recycling support the returnable transport packaging market by promoting reusable packaging, reducing waste, and improving efficiency. For instance, in April 2022, according to the National Environment Agency, a Singapore-based government agency, in 2020, the recycling rate was 52%, which saw an improvement to 55%, with 3.83 million tons of waste recycled in 2021. Therefore, the rising demand for reused goods and products for recycling is driving the growth of the returnable transport packaging market.
Market Trends –
Major companies operating in the returnable transport packaging market are focusing on introducing innovative, sustainable solutions to meet increasing environmental regulations and consumer demand for eco-friendly packaging options. Sustainable solutions refer to packaging options and practices that minimize environmental impact throughout their lifecycle, including reduced resource consumption, lower emissions, and efficient recycling or reuse capabilities. For instance, in September 2021, Mauser Packaging Solutions, a US-based packaging and container manufacturing company, launched Space Efficient IBC Solution. The IBC solution features a composite pallet for ISO container shipments, enabling two-high stacking for an 11% increase in loading efficiency. Returnable transport packaging solutions such as IBCs help optimize logistics, reduce carbon footprint, and allow more efficient inventory management through features like radio frequency identification (RFID) tracking.
The returnable transport packaging market covered in this report is segmented –
1) By Product Type: Intermediate Bulk Containers (IBC), Pallets, Plastic Crates, Drum, Dunnage Bags, Other Products
2) By Material Type: Glass, Plastic, Metal, Wood, Paper And Paperboard, Other Materials
3) By End Use Industry: Building And Construction, Food And Beverage, Chemical, Retail, Industrial, Logistics, Other End Use Industries
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Regional Insights –
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.
Key Companies –
Major companies operating in the returnable transport packaging market are Smurfit Kappa Group plc, DS Smith plc, Grief Inc., Brambles Limited, Mauser Packaging Solutions, Schütz 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
Table of Contents
1. Executive Summary
2. Returnable Transport Packaging Market Characteristics
3. Returnable Transport Packaging Market Trends And Strategies
4. Returnable Transport Packaging Market – Macro Economic Scenario
5. Global Returnable Transport Packaging Market Size and Growth
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32. Global Returnable Transport Packaging Market Competitive Benchmarking
33. Global Returnable Transport Packaging Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Returnable Transport Packaging Market
35. Returnable Transport Packaging Market Future Outlook and Potential Analysis
36. Appendix
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