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The Asia Pacific - Returnable Transport Packaging Market size is estimated to grow by USD 1.40 billion at a CAGR of 8.87% between 2023 and 2028. In the Asia-Pacific (APAC) region, the returnable transport packaging (RTP) market is experiencing significant growth. Key factors driving this expansion include the long-term cost savings for buyers, who benefit from the reusability of RTP, and the burgeoning e-commerce sector. The e-commerce industry's rapid growth in APAC presents a substantial opportunity for RTP market growth, as the need for efficient and durable packaging solutions increases. Additionally, RTP offers advantages such as lower handling costs and reduced product damage, making it an attractive option for businesses in the region. Overall, the combination of these factors is fueling the growth of the RTP market in APAC.
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The market in APAC is thriving with a focus on logistics, supply chain, and sustainability. RTP solutions such as totes, IBCs, bins, and bulk containers are integral to enhancing efficiency and cost savings in distribution networks. Promoting the circular economy, these reusable containers contribute to reverse logistics and reduce environmental impact. Technologies like RFID enable effective tracking and management of transport assets such as pallets, containers, and drums across manufacturing sectors. APAC's emphasis on containers and crates underscores regional advancements in supply chain optimization and transport efficiency, catering to diverse industries while supporting sustainable practices in the logistics landscape. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The rapid growth of e-commerce is the key factor driving the growth of the market. The e-commerce industry in APAC is progressing quickly, due to factors such as the rising tech-savvy population, advancing Internet penetration, and the growing use of smartphones. The presence of multiple payment options, such as credit and debit cards, Internet banking, electronic wallets, and COD, has led to a paradigm shift in the purchasing patterns of people, from brick-and-mortar stores to online shopping. The growth of the e-commerce sector directly impacts the market.
In addition, consumers are buying various products, such as food and beverages, electronics, personal care products, and healthcare products, from e-commerce sites, all of which require different types of packaging, based on the type of product. The increase in the transportation of goods and services due to the rising e-commerce sales is a significant factor that will significantly drive the market growth during the market forecast period.
Increasing focus on return on investment is the primary trend shaping market growth. The return on investment is directly proportionate to the frequency of reuse over the prolonged life of the packaging product. The main cost-saving part is eliminating the buying and disposal costs of one-time or limited-use packaging. Secondary savings opportunities include reduced product damage costs and lower shipping costs.
The cost per trip associated with returnable transport packaging is lower than one-way transport packaging as the former is reusable. However, plastic containers can be used ten times more than disposable containers. Hence, the higher utility rate is bringing a fast return on investment for market players. Thus, such factors will drive the growth of the market during the Market forecasting period.
Availability of used returnable transport packaging products is a challenge that affects market growth. Despite the presence of different driving factors, such as rising e-commerce and retail sales, the market is expected to witness a moderate growth rate due to the considerable impact of the secondary market. The secondary market or used returnable transport packaging market is quite established, mainly in developing regions such as APAC and the Middle East. Thus, the secondary returnable transport packaging market is expected to affect the demand for newly manufactured products in the APAC.
Furthermore, the demand for used returnable transport packaging products in APAC is expected to come from the unorganized retail sector. In addition, the unorganized market players would prefer cost-efficient material handling equipment over expensive newly manufactured equipment to have financial stability in their business. Hence, the availability of used returnable transport packaging products will negatively impact the market in focus during the market growth and forecasting period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, market growth and trends, market analysis and report, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The containers segment is estimated to witness significant growth during the market growth analysis period. The container segment has different product categories, such as stack nest containers, reusable plastic crates, and bulk boxes commonly used by retail warehouses, poultry farms, and others. The retail sector is expected to account for the major demand for the products in the containers segment. Countries such as China and India are among the largest markets for e-commerce across the world.
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The containers segment was the largest segment and was valued at USD 785.62 million in 2018. The major applications of containers and packaging for industries such as food and beverage are to package snacks, beer, soft drinks, energy drinks, and alcoholic drinks. This is encouraging various market players to offer container products that are specialized for retail companies. Therefore, the increasing demand for containers from the retail industry will drive market research and growth during the market forecasting period.
The market report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
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In the realm of asset management and logistics, returnable packaging solutions are pivotal across industries like agriculture, where asset tracking and traceability are critical. Materials such as metal and wood ensure durability while adhering to standardization and regulations concerning packaging waste and carbon footprint. Emphasizing green logistics, these solutions promote eco-friendly practices through lifecycle assessment, repair, and maintenance, enhancing hygiene and cleaning protocols. Integration of automation, smart packaging, and IoT facilitates data analytics for efficient operations and last-mile delivery in urban settings. As these technologies expand into emerging markets, strategic partnerships drive innovation in sustainable returnable and pooling models, shaping the future of efficient and environmentally conscious supply chains.
Market Scope |
|
Report Coverage |
Details |
Page number |
156 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.87% |
Market Growth 2024-2028 |
USD 1.40 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
8.21 |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Amatech Inc., Balmer Lawrie and Co. Ltd., Berry Global Inc., Brambles Ltd., Bulk Lift International LLC, BWAY Corp., CABKA Group GmbH, CORDSTRAP BV, Craemer GmbH, DS Smith Plc, Greif Inc., IFCO SYSTEMS GmbH, Myers Industries Inc., Rehrig Pacific Co., Schoeller Allibert Services B.V., SCHUTZ GmbH and Co. KGaA, Tank Holding Corp., The Supreme Industries Ltd., Time Technoplast Ltd., and TranPak Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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