Press release
India Returnable Transport Packaging (RTP) Market Research Methodologies Offers High Business Outlook growth 2021-2026
The India Returnable Transport Packaging (RTP) Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the India Returnable Transport Packaging (RTP) market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the India Returnable Transport Packaging (RTP) market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the India Returnable Transport Packaging (RTP) market.The India returnable transport packaging (RTP) market was valued at USD 628 million in 2020, and it is expected to reach a value of USD 994.3 million by 2026, registering a CAGR of 7.9% over the forecast period 2021 to 2026.
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Top Leading Companies of India Returnable Transport Packaging (RTP) Market are - Nefab AB, Signode Limited, Holisol Logistics, CHEP Logistics, Montara Logistics, Leap India, Leadec Group, FLEXOL Packaging (India) Limited, GEFCO India Private Limited, ORBIS Corporation and others.
Industry News and Updates:
- November 2019 - GEFCO signed an agreement with Airbus to support its transition to a cleaner, more environmentally friendly supply chain. GEFCO will gradually replace Airbus disposable packaging with reusable, foldable containers. This demonstrates both companies commitment to meeting the strictest environmental standards while boosting efficiency in the aviation sector.
- March 2020 - Nefab AB acquired Trio Emballage AB which is a producer of heavy-duty packaging solutions located in Staffanstorp, close to the southern part of Sweden. The acquisition is expected to both strengthen the company’s product offering as well as boost its presence across the global market.
Key Market Trends:
Automotive Segment is Expected to Witness Significant Growth
- The automotive industry has evolved into an industry of complex supply chains and networks, requiring many activities to be streamlined and error-free to avoid abnormalities. Returnable transport packaging is aiding supply chains in the automotive industry by providing secure and eco-friendly methods to manage the flow of materials and information.
- In the Automotive sector, it is essential to have packaging solutions that deliver the ultimate protection for high-value goods and parts. From the engine to other small mechanical elements and decorative interior items, the production of a vehicle requires various components. India’s automobile and automotive parts market witnessed growth over the past few years. The auto component industry of India expanded by 10 % to reach a value of USD 56.52 billion in FY2019, according to India brand equity Foundation (IBEF).
Food and Beverage is Expected to Occupy the Largest Market Share
- The Indian food and grocery market is the world’s sixth-largest, with retail which contributes to about 70% of the sales. As per the Agricultural and Processed Food Products Export Development Authority (APEDA), between April - October 2018, exports of agricultural and processed food products was around USD 21.61 billion. Indian processed and agricultural foods are exported to more than a hundred countries, mainly to the Middle East, Southeast Asia, SAARC countries, the European Union, and the United States.
- According to the Indian Government, Amazon which is a global e-commerce giant is also planning to enter the Indian food retailing landscape by investing USD 515 million in the next few years, which is expected to boost the market forward. According to Oxford Economics, the Indian retail market is projected to grow at a compounded annual growth rate of 6% to reach USD 865 billion by 2023. The annual growth rate for the fast-moving consumer goods sector is predicted at 11% during the next ten years.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- India Returnable Transport Packaging (RTP) Market Size & Analysis (2016 - 2026)
- Market Share Analysis of India Returnable Transport Packaging (RTP) Market (%),2016 - 2026
- India Returnable Transport Packaging (RTP) Market Share, By Brand
- India Returnable Transport Packaging (RTP) Market Share, By Company
- India Returnable Transport Packaging (RTP) Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies India Returnable Transport Packaging (RTP) Market Value Analysis & Forecast
- Promising India Returnable Transport Packaging (RTP) Development by Major Companies
- Detailed India Returnable Transport Packaging (RTP) Portfolio of the Major Companies
- Major Deals in the India Returnable Transport Packaging (RTP) Market
- Major Companies Analysis
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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