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

To celebrate ALAN's 10-year anniversary and to support ALAN’s disaster relief mission, Amazon helped ALAN with a matching gift fundraiser during a 24-hour period.

The index ISM uses to measure non-manufacturing growth—known as the NMI—came in at 56.9 in September (a level of 50 or higher indicates growth), a 2.1 percent decrease from August’s 59.0, and 3.4 percent off from July’s 60.3, which is its highest reading since January 2008.

Challenges at more than 25 exhibitor booths spanned both Pack Expo and Pharma Expo.

Double-digit growth in international attendance, exhibitors and square footage.

Students from Southern Tier of New York receive education and hands-on experience as part of the event.

About the Author

Josh Bond, Senior Editor
Josh Bond is Senior Editor for Modern, and was formerly Modern’s lift truck columnist and associate editor. He has a degree in Journalism from Keene State College and has studied business management at Franklin Pierce University.


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

© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA