Global market for returnable transport packaging to grow

By Modern Materials Handling Staff
February 27, 2013 - MMH Editorial

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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