Transport packaging report reveals dynamic market
Research and Markets has announced the addition of the “2013 Report on the Global Returnable Transport Packaging Industry” report to their offering.
Implemented first by the automotive industry, Returnable Transport Packaging (RTP) solutions have evolved and expanded appreciably. With today’s market at slightly over $5 billion, RTP solutions are used in supply chains for almost every industry sector including grocery, food pressing, beverages, pharmaceutical, and electronics.
A key benefit of using RTP is cost-savings. In medium and long-term timescale, switching from traditional packaging to RTP can bring businesses significant savings.
The global economic crisis which began in 2008 has impacted almost every industry sector. Consumers spend less and the competition on the market is stronger than ever. In this climate, companies are revising their business practices to find savings. The attention is often turned to the supply chain. As a result, the RTP market remains strong in spite of the economic turndown.
The drive for RTP solutions is also supported by growing social expectations for companies to introduce sustainable business practices. Customers expect businesses to operate in an environmentally friendly manner, as well as to provide their employees with safe working conditions. RTP products are a great answer to these expectations – they contribute to waste reduction; they are ergonomic and safe to handle. By implementing an RTP system, a company can promote itself as an environmentally and socially responsible business.
Returnable transport packaging also presents a practical and convenient option to stay in line with increasing compliance requirements introduced in recent years by numerous industries.
Returnable Transport Packaging (RTP) entails packaging solutions used for transport of goods that are designed for reuse within a supply chain, such as: pallets, containers, bins, boxes and totes, bulk containers, bins, intermediate bulk containers, dollies, racks, protective dunnage, sleep sheets and others.
The current market for returnable transport packaging is a dynamic one, with several new products introduced in the last few years. At the core of innovations is improved design, product safety and ergonomics.
RTP products are supported by noticeable advancements in logistic services, including sophisticated product tracking systems.
‘Returnable Transport Packaging – Dynamics and Trends’, contains comprehensive data on the global market for RTP products, including historical (2007) and forecast data through 2017 market size data. The study presents and discusses market structure and its participants, industry standards and regulations and key factors affecting the marketplace (market drivers and inhibitors). The study also exhibits some recent product innovations and profiles manufacturers of returnable transport packaging products worldwide from global giants such as Orbis Corp. to new market entrants making their way up by offering interesting, innovative solutions.
The information in ‘Returnable Transport Packaging – Dynamics and Trends’ is based on primary and secondary research. Primary research included in-depth interviews and collecting opinions from industry representatives – product manufacturers and end-users, product developers and researchers, market experts and others.
The secondary research consisted of gathering data from governmental and industry publications such as annual reports, company literature, industry journals, conference proceedings and reports. Industry organizations and associations, such as: Material Handling Industry of America (MHIA), Reusable Packaging Association (RPA), Reusable Container & Pallet Association (RCPA) and others, were also a valuable source of information for the Report.