Returnable Transport Packaging (RTP) Market Qualitative Analysis of the Leading Players and Competitive Industry Scenario, 2027 to Register Substantial Expansion- Nefab AB,  IFCO Systems.,  Rehrig Pacific Company

The Returnable Transport Packaging (RTP) market has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics have been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio, and recent developments. The Returnable Transport Packaging (RTP) Market share and Market size prominent players for 2020 to 2027 are profiled in this report.

The Returnable Transport Packaging (RTP) Market is expected to register a CAGR of 5.9% over the forecast period 2022 - 2027.

Competitive Landscape: 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:

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.

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Scope of the Report:

RTP is increasingly gaining prominence worldwide, due to its positive effects on the environment. The packaging materials have contributed immensely to the depletion of natural resources.
According to the global environment facility (GEF), the production of plastics, one of the most used packaging materials, increased by about twenty folds between 1964 and 2015, with an annual output of 322 million metric ton. The production is expected to be double by 2035 and quadruple by 2050.
While plastics contribute to the economic growth, their current production and usage pattern, on a linear model of 'take, make, use, and dispose of', are the primary reasons for the depletion of natural resource, waste, environmental degradation, and climate change. These factors lead to adverse effects on human health. In addition, the usage of wood has exerted a tremendous pressure on forests.

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.
Besides the food industry, plastic drums are majorly used in the chemicals and oil industry, for their storage and transport. The extensive usage of plastic drums across industries is increasing due to its benefits, such as cost-efficiency, durability, and reusability.

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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.
The rigid plastic bulk containers are used in various industries, such as the food and beverage industry, industrial chemical industry, pharmaceutical industry, paints, inks, and dyes industry, and petroleum and lubricant industry. The Rigid Intermediate Bulk Container Association of North America fosters the interests of persons, firms, and corporations engaged in the business of manufacturing or assembling rigid intermediate bulk containers.

Regional Analysis for Returnable Transport Packaging (RTP) Market:

North America, Latin America, Asia-Pacific, Africa, Europe, and others have been studied at length based on various parameters of businesses such as type, size, application, and end-users.  The global Returnable Transport Packaging (RTP) Market is presented for niche reading. The report presents portfolios of different strategies and the best practices governing businesses. Some applicable sales methodologies have been included in this research report, that could influence business output.

Highlights about Returnable Transport Packaging (RTP) report coverage:

- A complete background analysis, which includes an assessment of the Global Returnable Transport Packaging (RTP) Market.

- Important changes in Returnable Transport Packaging (RTP) market dynamics

- Returnable Transport Packaging (RTP) Market segmentation up to the second & third level regional bifurcation

- Historical, current, and projected size of the Returnable Transport Packaging (RTP) market with respect to both value (Revenue) and volume (Production & Consumption)

- Reporting and evaluation of recent Returnable Transport Packaging (RTP) industry developments

- Returnable Transport Packaging (RTP) Market shares and strategies of key players

- Emerging niche Returnable Transport Packaging (RTP) segments and regional markets

- An objective assessment of the trajectory of the Returnable Transport Packaging (RTP) market

- Recommendations to companies for strengthening their foothold in the Returnable Transport Packaging (RTP) market

The research includes historic data from 2016 to 2021 and forecasts until 2027 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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