Global Returnable Transport Packaging Market - Forecast(2024 - 2030)

Report Code: CMR 30209 Report Format: PDF + Excel

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 2022-2027. Returnable transport packaging (RTP) is a form of reverse logistics transport solution where packages can be reused again to transport goods and products between customers and vendors. Some common forms of RTP are plastic crates, pallets, and thermoplastic containers made of plastic resins. Returnable transport packaging is becoming increasingly popular as many industries are investing in sustainable technology to eliminate packaging waste and promote reusability in their facilities The increasing demand for cleaner and more sustainable packaging as well as an increasing importance of packaging in the pharmaceutical sector are driving the demand for the global returnable transport packaging market.

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 2022-2027. 

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)

 Global Returnable Transport Packaging Market

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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 2022-2027.

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 2022-2027.

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:

  1. Brambles Ltd.
  2. Schoeller Allibert AB
  3. Menasha Corporation
  4. DS Smith plc
  5. Myers Industries, Inc.
  6. IFCO Systems
  7.  Nefab AB
  8. SSI Schaefer Limited
  9. Rehrig Pacific Company
  10. 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.

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1. Global Returnable Transport Packaging Market- Market Overview
    1.1 Definitions and Scope
2. Global Returnable Transport Packaging Market - Executive Summary
    2.1 Key Trends by Material Type
    2.2 Key Trends by Product
    2.3 Key Trends by End-Use Industry
    2.4 Key Trends by Geography
3. Global Returnable Transport Packaging Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Global Returnable Transport Packaging Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
       4.1.1 Investment
       4.1.2 Revenue
       4.1.3 Product portfolio
       4.1.4 Venture Capital and Funding Scenario
5. Global Returnable Transport Packaging Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Global Returnable Transport Packaging Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Global Returnable Transport Packaging Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Global Returnable Transport Packaging Market – By Material Type (Market Size - $Million/Billion)
    8.1 Plastic
        8.1.1 Rigid Plastic
        8.1.2 Flexible Plastic
        8.1.3 Others
    8.2 Wood
    8.3 Metal
    8.4 Foam
    8.5 Composite
    8.6 Woven
    8.7 Others
9. Global Returnable Transport Packaging Market – By Product (Market Size - $Million/Billion)
    9.1 Reusable Load Carriers
        9.1.1 Pallets
        9.1.2 Racks
        9.1.3 Cages
        9.1.4 Containers
        9.1.5 Tubs
        9.1.6 Others
    9.2 Reusable Durable Secondary Packaging
        9.2.1 Bags
        9.2.2 Bins
        9.2.3 Crates
        9.2.4 Totes
        9.2.5 Kegs
        9.2.6 Drums
        9.2.7 Intermediate Bulk Containers (IBC)
        9.2.8 Others
10. Global Returnable Transport Packaging Market – By End-Use Industry (Market Size - $Million/Billion)
    10.1 Automotive
        10.1.1 Light Commercial Vehicles
        10.1.2 Heavy Commercial Vehicles
    10.2 Food & Beverage
    10.3 Fast-moving Consumer Goods (FMCG)
    10.4 Industrial
    10.5 Medical & Health Care
    10.6 Mail & Parcel
    10.7 Others
11. Global Returnable Transport Packaging Market - By Geography (Market Size -$Million/Billion)
    11.1 North America
        11.1.1 USA
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Netherlands
        11.2.6 Spain
        11.2.7 Russia
        11.2.8 Belgium
        11.2.9 Rest of Europe
    11.3 Asia-Pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zeeland
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 Rest of APAC
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 Rest of South America
    11.5 Rest of the World
        11.5.1 Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 UAE
            11.5.1.3 Israel
            11.5.1.4 Rest of the Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 Rest of Africa
12. Global Returnable Transport Packaging Market – Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. Global Returnable Transport Packaging Market – Industry / Segment Competition landscape Premium Premium
    13.1 Company Benchmarking Matrix – Major Companies
    13.2 Market Share at Global Level - Major companies
    13.3 Market Share by Key Region - Major companies
    13.4 Market Share by Key Country - Major companies
    13.5 Market Share by Key Application - Major companies
    13.6 Market Share by Key Product Type/Product category - Major companies
14. Global Returnable Transport Packaging Market – Key Company List by Country Premium Premium
15. Global Returnable Transport Packaging Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10
"*Financials would be provided on a best-efforts basis for private companies"

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