Global market for returnable transport packaging to grow
According to a recent report, the global market for returnable transport packaging (RTP) will grow at a CAGR of 6.1% over the next few years. By 2017, Priority Metrics Group projects the global RTP market to reach $6.75 billion. The U.S. market for returnable transportation packaging is currently estimated to be slightly over $1.1 billion dollars.
The report analyzes the multi-billion global market and presents historical and projected market data by product type (including containers, pallets, and drums), circulation type (closed loop, open loop and pooling), global region and key markets (including automotive, retail and postal services). The report also considers key trends that will impact the industry as well as profiles of leading suppliers of returnable transport packaging products. The report contains over 50 detailed tables and charts summarizing key information such as sales, key players, market share and growth. In addition, there are multiple figures and diagrams of product designs, new technologies, material flow, etc.
“With demand for returnable transport packaging expected to rise by 6.1% percent annually worldwide over the next five years, companies should take a hard look at the opportunities for expansion here and abroad,” says Priority Metrics Group President John Barrett.
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