Returnable Transport Packaging (RTP) Market: An Overview
The global
returnable transport packaging (RTP) market is expected to
register a healthy growth during 2018-2026. Returnable transport packaging
includes mediums such as containers and pallets, which transport goods back and
forth between vendors and customers. Since these are not passed on to the
customers, returnable transport packaging (RTP) market becomes a source of
service for most vendors around the world.
The scope of the returnable transport packaging (RTP) market
report consists of materials including containers, crates, drums, crates,
protective dunnage, etc. Additionally, it also includes metal materials such as
bulk bins, drums, pallets, roll cages, and many others. It also includes wood
RTM products. Additionally, there are several types of products covered in this
market report including plastic trays, covers stillage, bulk bins, etc. The
report on returnable transport packaging (RTP) market also covers chemical,
pharmaceutical, and textile industries.
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Returnable Transport Packaging (RTP) Market: Notable
Developments
- Goodpack,
a packaging and transport provider has announced a new product in
collaboration with Ceva Logistics. The product is a returnable container
for tyre movements. The product is collapsible and allows multiple
stacking. The product is expected to be launched in Asia, Australia, and
North America very soon.
- Singapore
will soon roll out its packaging reporting framework in 2020. The
Singapore government will mandate businesses to file an annual report on
their use of various packaging. It would include the types and amounts of
packaging businesses they use. This policy is in line with the
government’s larger initiatives to recycle, reuse, and reduce the use of
packaging material.
Returnable Transport Packaging (RTP) Market: Key Trends
Growing demand in food products and the rise of giants in
e-commerce is driving the growth of the returnable transport packaging market.
These businesses are also restrained to a certain extent due to growing demand
for sustainability in packaging and usage of materials. Additionally, the high
costs of raw materials, inefficiency and subsequent wastage during
transportation are challenges for the industry. Hence, the key players in the
returnable transport packaging (RTP) market are investing heavy resources in
innovation to bring in product innovations and more efficiency. This is
expected to result in growth for the returnable transport packaging (RTP)
market in the near future.
Additionally, the market is also expected to receive a boost
from the automotive sector. The automotive sector similar to the retail sector
relies heavily on consistent delivery of goods through returnable transport
mediums. Additionally, heavy packaging materials used in the industry provide
the much needed strength, low maintenance, and reduced footprint for the
returnable transport packaging market. The returnable transport packaging
methods are providing sustainable supply chains which are providing a
streamlined flow of goods and materials for the automotive industry.
Returnable Transport Packaging (RTP) Market: Regional
Outlook
The returnable transport packaging (RTP) market report is
divided into main regions including North America, Europe, Asia Pacific, Latin
America, Middle East and Africa. Among these, the North America regional market
is expected to gain considerable as main regional entities such as the US pose
an extremely vast and challenging landscape for transport. Additionally, the
market is one of the largest in the world and has held the dominant share of
revenues in recent times. Hence, the returnable transport packaging (RTP)
market is expected to witness several new opportunities as automotive industry
and e-commerce sector spreads in the region making way for more growth.
Asia Pacific region is expected to register the highest CAGR
growth during the forecast period. Rising auto sales, growing infrastructural
development, and increasing disposable income in the region are expected to
drive growth for the global returnable transport packaging market.
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The study strives to
evaluate the current and future growth prospects, untapped avenues, factors
shaping their revenue potential, and demand and consumption patterns in the
global market by breaking it into region-wise assessment.
The following
regional segments are covered comprehensively:
- North
America
- Asia
Pacific
- Europe
- Latin
America
- The Middle
East and Africa
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