North America Returnable Transport Packaging Market – Growth & Forecast (2024

North America Returnable Transport Packaging Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Returnable transport packaging (RTP) is a multi-trip packaging medium (for example, pallets or containers) in which goods can be transported more than once between vendors and customers. These packaging products are produced using durable materials including wood, metal, plastic, glass, and paperboards. Here the sole purpose is to use them repetitively for multiple uses. By using returnable transport packaging, companies enjoy low cost-per-trip charges, while getting increased return on investments. Returnable transport packaging provides efficient and costs optimum transportation, handling, distribution of products. Increasing demand for environmentally friendly and cost-efficient packaging, strict government regulations, long-term cost reduction and demand for RTP from F&B and textile industries are the factors that are boosting the growth of the market. Various returnable transport packaging models can be used which are viable and efficient in all supply chain systems.

North America Returnable Transport Packaging Market Segments Size & Growth:

North America Returnable Transport Packaging Market size is projected to reach approximately $XX billion by the end of 2024 with a CAGR of close to XX% from $XX billion in 2017 during the forecast timeline 2018-2024. The major factors that propel the growth of the North America Returnable Transport Packaging Market are increasing demand for environmentally friendly and cost-efficient packaging, strict government regulations, long-term cost reduction and demand for RTP from F&B and textile industries are the key factors that are driving the market growth. However, high initial costs are the main factor that is hindering the growth of the market. On the other hand, high return on investment is the opportunity

North America Returnable Transport Packaging Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

that drives the market growth during the forecast period. The returnable transport packaging has very good growth potential in coming years owing to the increased regulatory environment, landfilling issues and high packaging cost-per-trip. Packaging costs for e-commerce companies and assemblers including automotive and mechanical companies, electronics and semiconductor companies, logistics companies and various home care and cleaning service providers, constitute a large part of their manufacturing and service costs. In some cases, the products they transport costs less but need high safety packagings like products made up of glass & ceramics, chemicals, and some others. In these cases, returnable packaging saves a lot of packaging cost, and the benefits can be transferred to their customers.

North America Returnable Transport Packaging Market Segments Share:

North America Returnable Transport Packaging Market is segmented by material which consists of metal, wood, plastic, glass, and others. By circulation method, the market is further classified in to open looping system, closed looping system and pooling system. By product, the market is segmented into pallets, drums & barrels, containers, protective dunnage and crates. By application, the market is classified into automotive, food & beverage, consumer goods, and others. It is the mechanical and the automotive industries that make maximum use of the returnable transport packaging.

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North America Returnable Transport Packaging Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

In the returnable transport packaging, the packaging materials that are repeatedly used are the same. By Geography, the market is segmented into various regions namely U.S, Canada, and Mexico. North America is contributing a large share in the growth of the

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