Global Returnable Transport Packaging Market - Forecast(2024 - 2030)
Global Returnable Transport Packaging Market Overview
The global returnable transport packaging
market size is forecast to reach US$10,891.2 million by 2027, after growing at
a CAGR of 4.9% during
COVID-19 Impact on Global Returnable Transport Packaging Market
During the COVID-19 pandemic, many industries
had suffered a tumultuous time, and it was no different for the global returnable
transport packaging market. Many governments across the globe implemented
lockdown regulations and factories & production facilities in many sectors
came to a halt. The supply chain was greatly disrupted as many businesses
followed lockdown protocols. This heavily impacted the demand for returnable
transport packaging as many of the industry verticals, such as the automotive
industry, fast-moving consumer goods, and mail & parcel sectors, saw a
decline in demand. For instance, according to the Organisation Internationale
des Constructeurs d’Automobiles (OICA), the production of passenger vehicles
decreased by 16.9% from 2019 to 2020. The first part of 2020 saw new car
registrations drop about one-third from the preceding year as well. However, as
the pandemic has subsided, many governments have lifted lockdown protocols and
resumed production in facilities. As such, the demand for the global returnable
transport packaging market is estimated to rise substantially within the
forecast period of
Report Coverage
The report: “Global Returnable Transport Packaging Market Report – Forecast
(2022-2027)”, by IndustryARC, covers an in-depth analysis of the following
segments of the global returnable transport packaging industry.
By Material Type: Plastic (Rigid Plastic, Flexible Plastic,
Others), Wood, Metal, Foam, Composite, Woven, and Others.
By Product: Reusable
Load Carriers (Pallets, Racks, Cages, Containers, Tubs, and Others), and
Reusable Durable Secondary Packaging (Bags, Bins, Crates, Totes, Kegs, Drums,
Intermediate Bulk Containers (IBC), and Others).
By End-Use Industry: Automotive (Light Commercial Vehicles, and
Heavy Commercial Vehicles), Food & Beverage, Fast-moving Consumer Goods
(FMCG), Industrial, Medical & Health Care, Mail & Parcel, and Others.
By Geography: North America (USA, Canada, and Mexico),
Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and
Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and
New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America
(Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the
World (Middle East, and Africa).
Key Takeaways
- The North American region will dominate the global returnable transport packaging market in the forecast period. This is primarily because the North America region are leading in the health care sector along with an increasing demand for the food & beverage and the automotive sector as well.
- The rising demand for clean, sustainable packaging
is one of the key driving factors for the global returnable transport packaging
market within the forecast period of
2022-2027. - The high cost of transportation for automotive parts through returnable transport packaging can prove to be a challenge for the growth of the global returnable transport packaging market.
Figure: North America Global Returnable Transport Packaging Market 2021-2027 (US$ Million)
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Global Returnable Transport Packaging Market Analysis – By Material Type
Plastic segment held the largest share with 23%
in the global returnable transport packaging market in 2021. Plastic is the
most common form of material that is used in the production of containers,
pallets, tubs, bags, and others. This is because plastic resins possess
thermoplastic properties which makes them versatile and as such, they can be
moulded into various shapes and sizes. Plastic also offers excellent durability,
and come with superior properties such as lightweight frame, impact resistance,
sustainability, and cost effectiveness. Plastic crates are widely preferred in
the food & beverage industry as it doesn’t affect the food product and
helps to keep food fresh as well. It is also widely preferred in void-fill
cushioning in automotive parts and industrial products.
Global Returnable Transport Packaging Market Analysis – By End-Use Industry
The automotive sector held the largest share with
29% in the global returnable transport packaging market in 2021. Returnable
transport packaging, such as heavy-duty returnable racks, metal shipping
containers, pallets and so on, are essential in transporting fenders, engines,
hoods, and other parts from suppliers to factories and they also play a key
role in logistics during assembly. The increasing demand for the automotive
industry proves to be a great driver for returnable transport packaging. For
instance, according to the Organisation Internationale des Cosntructeurs
d’Automobiles (OICA), the total production of vehicles increased to 57.3
million in 2021 which was an 8.9% increase from the production values of 2020. Thus,
the inclining demand for the automotive industry is propelling the demand for
the global returnable transport packaging market within the forecast period of
Global Returnable Transport Packaging Market Analysis – By Geography
The North America region held the largest share with 38% in the global returnable transport packaging market in 2021. Plastic containers, such as plastic crates, totes, trays, and bulk containers, provide excellent protection for health care and pharmaceutical goods in transit. They showcase excellent resistance to moisture, dust, and other contamination, while also being durable and reusable. Since North America dominates the pharmaceutical and health care sector the demand for returnable transport packaging has seen a steady increase in the region. According to the Commonwealth Fund, the United States spends more than US$ 10,000 per capita in the healthcare & pharmaceutical sector. This is more than two times higher than in countries such as Australia, France, U.K., or Canada. Additionally, according to the European Federation of Pharmaceutical Industries and Associations (EFPIA), North America accounted for 49% of the world pharmaceutical sales in 2020. Furthermore, the demand for the food & beverage sector, as well as the automotive sector, have seen significant increase as well. As such, these factors make North America the dominant region the global returnable transport packaging market.
Global Returnable Transport Packaging Market Drivers
Increasing adoption of cleaner & sustainable solutions in packaging:
The increase in plastic waste has led to a
drastic increase in environmental degradation and global warming. As such, the
need for reusing and recycling plastic has become paramount. Returnable
transport packaging greatly helps in reducing packaging waste, especially waste
generated by plastic containers and so on. Furthermore, returnable transport
packaging proves to be an excellent alternative to paper packaging, which is
one of the greatest contributors to environmental waste production. As such,
the progressing trend towards cleaner and sustainable solutions is one of the
key driving factors for the global returnable transport packaging market.
Incline in demand for the health care & pharmaceutical sector:
Packaging forms an essential component in the
global health care and pharmaceutical sector as they provide excellent
protection and preservation of health care and pharmaceutical goods in transit.
With an inclining demand for the health care and pharmaceutical sector, the
demand for returnable transport packaging has also seen a significant rise. For
instance, according to the 2020 annual report of GlaxoSmithKline plc., (GSK), a
leading pharmaceutical company, the global pharmaceutical sales went up by 4% year-on-year
in September 2020, being valued at US$ 968 billion. Thus, the growing trend of
the health care and pharmaceutical sector is one of the key factors propelling
the global returnable transport packaging market.
Global Returnable Transport Packaging Market Challenges
High cost of transportation, especially for automotive parts:
While returnable transport packaging is
excellent in terms of service, the cost of transportation proves to be fairly
high, especially for automotive products. Automotive such as vehicle engines,
hoods, fenders and so on, tend to be expensive and require sturdy protection
while transportation. In addition, transportation of automotive parts also tends
to have higher customs, especially when it comes to more premium automotive
offerings. Due to this, returnable transport packaging tends to be more
expensive for the automotive sector in comparison. This is one of the primary
challenges for the growth of the global returnable transport packaging market
within the forecast period of
Global Returnable Transport Packaging Industry Outlook
Technology launches, acquisitions, and R&D
activities are key strategies adopted by players in the global returnable transport
packaging market. Global returnable transport packaging top 10 companies
include:
- Brambles Ltd.
- Schoeller Allibert AB
- Menasha Corporation
- DS Smith plc
- Myers Industries, Inc.
- IFCO Systems
- Nefab AB
- SSI Schaefer Limited
- Rehrig Pacific Company
- Integra Packaging
Recent Developments
- On March 1, 2022, IFCO, a leading provider of reusable packaging containers (RPC), announced that they have completed the acquisition of the RPC pooling services business of Sanko Lease, through their subsidiary IFCO Japan. This will help IFCO Japan become the leading provider for RPCs for grocery products in Japan.
- On April 16, 2021, Brambles, one of the leading manufacturers of returnable transport packaging equipment, announced the completion of the merger between their Kegstar keg rental company with leading US beer keg solutions provider MicroStar, which will help them better provide keg solutions to their clients.
- On August 05, 2020, DS Smith, a leading sustainable packaging company, and Aquapak, an innovative developer of biodegradable polymer, entered into a partnership to develop next generation packaging solutions which will help enhance their products.
Relevant Reports
LIST OF TABLES
1.Global Returnable Transport Packaging Market, by Type Market 2023-2030 ($M)2.Global Returnable Transport Packaging Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
3.Global Returnable Transport Packaging Market, by Type Market 2023-2030 (Volume/Units)
4.Global Returnable Transport Packaging Market Analysis and Forecast by Type and Application Market 2023-2030 (Volume/Units)
5.North America Returnable Transport Packaging Market, by Type Market 2023-2030 ($M)
6.North America Returnable Transport Packaging Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
7.South America Returnable Transport Packaging Market, by Type Market 2023-2030 ($M)
8.South America Returnable Transport Packaging Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
9.Europe Returnable Transport Packaging Market, by Type Market 2023-2030 ($M)
10.Europe Returnable Transport Packaging Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
11.APAC Returnable Transport Packaging Market, by Type Market 2023-2030 ($M)
12.APAC Returnable Transport Packaging Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
13.MENA Returnable Transport Packaging Market, by Type Market 2023-2030 ($M)
14.MENA Returnable Transport Packaging Market Analysis and Forecast by Type and Application Market 2023-2030 ($M)
LIST OF FIGURES
1.US Global Returnable Transport Packaging Market Revenue, 2023-2030 ($M)2.Canada Global Returnable Transport Packaging Market Revenue, 2023-2030 ($M)
3.Mexico Global Returnable Transport Packaging Market Revenue, 2023-2030 ($M)
4.Brazil Global Returnable Transport Packaging Market Revenue, 2023-2030 ($M)
5.Argentina Global Returnable Transport Packaging Market Revenue, 2023-2030 ($M)
6.Peru Global Returnable Transport Packaging Market Revenue, 2023-2030 ($M)
7.Colombia Global Returnable Transport Packaging Market Revenue, 2023-2030 ($M)
8.Chile Global Returnable Transport Packaging Market Revenue, 2023-2030 ($M)
9.Rest of South America Global Returnable Transport Packaging Market Revenue, 2023-2030 ($M)
10.UK Global Returnable Transport Packaging Market Revenue, 2023-2030 ($M)
11.Germany Global Returnable Transport Packaging Market Revenue, 2023-2030 ($M)
12.France Global Returnable Transport Packaging Market Revenue, 2023-2030 ($M)
13.Italy Global Returnable Transport Packaging Market Revenue, 2023-2030 ($M)
14.Spain Global Returnable Transport Packaging Market Revenue, 2023-2030 ($M)
15.Rest of Europe Global Returnable Transport Packaging Market Revenue, 2023-2030 ($M)
16.China Global Returnable Transport Packaging Market Revenue, 2023-2030 ($M)
17.India Global Returnable Transport Packaging Market Revenue, 2023-2030 ($M)
18.Japan Global Returnable Transport Packaging Market Revenue, 2023-2030 ($M)
19.South Korea Global Returnable Transport Packaging Market Revenue, 2023-2030 ($M)
20.South Africa Global Returnable Transport Packaging Market Revenue, 2023-2030 ($M)
21.North America Global Returnable Transport Packaging By Application
22.South America Global Returnable Transport Packaging By Application
23.Europe Global Returnable Transport Packaging By Application
24.APAC Global Returnable Transport Packaging By Application
25.MENA Global Returnable Transport Packaging By Application