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.

For more information, click here.



Subscribe to Modern Materials Handling magazine

Subscribe today. It's FREE!
Find out what the world's most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!

Recent Entries

Annual survey illustrates optimism resulting from increasing profits.

Serving primarily China and Taiwan, Tailift produces 28,000 forklifts annually.

Industrial barcode label printers are the gold standard for effective use of barcode technology to improve accuracy, reduce costs, and increase productivity in warehousing operations. Accuracy, costs, and productivity are the top concerns of companies with warehouses. As customer demands for perfect orders increases industrial barcode printers can produce the right barcode for the right products. As material costs increase these printers ensure minimal labor and physical space are required. And to improve labor productivity industrial barcode printers use good data to produce the right labels at the right time and place to keep product moving.

PECO Pallet is investing in technology and aiming at customers further up the supply chain to extend its reach.

Transaction valued at more than $350 million expected to close by end of 2014.

About the Author

Josh Bond, Associate Editor
Josh Bond is an associate editor to Modern. Josh was formerly Modern’s lift truck columnist and contributing editor, has a degree in Journalism from Keene State College and has studied business management at Franklin Pierce. Contact Josh Bond

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA