Press release
Returnable Transport Packaging (RTP) Market 2021 Disclosing Latest Trends and Advancement Outlook 2026
The 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 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 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 Returnable Transport Packaging (RTP) market.The Returnable Transport Packaging (RTP) market was valued at USD 7,827.5 million in 2020 and is expected to reach USD 11,040.06 million by 2026, at a CAGR of 5.9% over the forecast period (2021 - 2026).
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Top Leading Companies of Returnable Transport Packaging (RTP) Market are - Nefab AB, IFCO Systems., Rehrig Pacific Company, Schoeller Allibert Group BV, SSI Schaefer Group, CSI Sertapak Inc., Lamar Packaging Systems, Polymer Logistics NV, Mugele Group, Orbis Corporation, Brambles Limited (CHEP) and others.
Industry News and Updates:
- January 2020 - Societa Gestione Impianti Nucleari SpA (Sogin), the state-owned company responsible for dismantling Italy's nuclear power plants, said the shipment marks the launch of the second and final phase of the transport programme. Arranged in four containers, the first 162 drums were shipped on two trucks.
- February 2020 - CHEP Australia has officially opened it’s first Plant of the Future upgrade in Melbourne. The CHEP DerrimutService Centre is the first of four service centers nationally to be upgraded as part of a global plant automation strategy. It creates more than a dozen jobs for the local community, greater efficiencies for industrial customers, and better sustainability results for the environment.
Key Market Trends:
Drums and Barrels to Witness Significant Market Growth
- Drums play an essential role in the returnable transport packaging industry, as it is widely used to store and transport hazardous and non-hazardous liquids, ensuring maximum protection. Drums are majorly used in Oil & Gas and Petrochemicals industry, which is largely used for oil spill protection, during storage and transport.
- Various kinds of drums widely available in the market are plastic drums, steel drums, salvage drums, and fiber drums. Plastic drums used in the food industry are required to be suitably decontaminated and certified safe for carrying and storing consumable items in the long term. The plastic drums used in the food industry are also needed to be food grade approved and comply with other food safety standards.
North America to have Significant Growth
- The North American region is one of the largest regions for the pharmaceutical plastic packaging industry due to its large pharmaceutical manufacturing base and the ability to introduce technological advancements to pharmaceutical packaging. According to PMMI, The Association for Packaging and Processing Technologies, there are more than 700 North American Manufacturers of equipment, components, and materials for processing and packaging.
- The returnable transport packaging market in the United States is bolstered by the presence of major market players and strong manufacturing industries, such as chemicals, pharmaceuticals, food and beverages, and automotive.
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:
- Returnable Transport Packaging (RTP) Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Returnable Transport Packaging (RTP) Market (%),2016 - 2026
- Returnable Transport Packaging (RTP) Market Share, By Brand
- Returnable Transport Packaging (RTP) Market Share, By Company
- Returnable Transport Packaging (RTP) Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Returnable Transport Packaging (RTP) Market Value Analysis & Forecast
- Promising Returnable Transport Packaging (RTP) Development by Major Companies
- Detailed Returnable Transport Packaging (RTP) Portfolio of the Major Companies
- Major Deals in the Returnable Transport Packaging (RTP) Market
- Major Companies Analysis
Browse Full Report at:
https://www.marketinsightsreports.com/reports/02082591659/returnable-transport-packaging-rtp-market-growth-trends-covid-19-impact-and-forecasts-2021-2026?Mode=namita
We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
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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