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The returnable transport packaging market share in North America is expected to increase by USD 976.32 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 6.82%.
This returnable transport packaging market in North America research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the returnable transport packaging market in North America segmentation by end-user (food and beverage, manufacturing, and retail and consumer) and geography (US, Canada, and Mexico). The returnable transport packaging market in North America report also offers information on several market vendors, including Brambles Ltd., Cartonplast Group GmbH, DS Smith Plc, Fritz SCHAFER GmbH and Co KG, Georg Utz Holding AG, Greif Inc., Nefab AB, Rehrig Pacific Co., Schoeller Allibert BV, and Sonoco Products Co. among others.
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The increased demand for modern grocery retailing is notably driving the returnable transport packaging market growth in North America, although factors such as high initial investment and operational cost may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the returnable transport packaging industry in North America. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Returnable Transport Packaging Market Driver in North America
One of the key factors driving the returnable transport packaging market growth in North America is the increased demand for modern grocery retailing. Retailers have a lot of scope to increase their penetration in suburban areas and small cities of countries such as Mexico, Greenland, Canada, and Jamaica. Thus, vendors have to keep a stock of products to meet the growing demand for customers. The major challenge for vendors is to reduce the storage and transportation cost while maintaining the stock of products. Returnable transport packaging helps to minimize the cost of vendors by providing efficient supply chain solutions. For instance, vendors such as Walmart and Publix use returnable transport packaging products at a large scale to transport packaged food materials in their supermarket and hypermarket stores. Retails using returnable transport packaging products save more than 30% of their expenditure on the overall logistics cost. Thus, such factors are expected to drive market growth during the forecast period.
Key Returnable Transport Packaging Market Trend in North America
Another key factor driving the returnable transport packaging market growth in North America is the increased adoption of returnable transport packaging. Growing environmental concern is one of the key reasons triggering the requirements for returnable transport packaging. Reusable transport packaging is accountable for emitting 28%-30% less carbon dioxide than disposable packaging such as cardboard pallets. Returnable transport packaging is more stable than disposable packaging, and the risk of bending or collapsing while handling or during truck movement is minimal for this type of packaging. The space optimization capacity of returnable transport packaging in transit vehicles is more efficient than disposable packaging. For instance, one truckload is sufficient to carry 168 intermediate bulk containers (capacity 315 gallons), whereas five truckloads are required to carry the fiber drums of equivalent capacity (168*315=52,920 gallons). Such factors are projected to positively impact the market growth in the coming years.
Key Returnable Transport Packaging Market Challenge in North America
One of the key challenges to the returnable transport packaging market growth in North America is the high initial investment and operational cost. For instance, disposable transport packaging products are cheaper than returnable transport packaging products because of the high rental and procurement costs of the latter products. The initial investment also depends on the type of containers, which are standardized and specialized. Standardized containers can be substituted and used by various shippers and receivers, and specialized containers are made as per the requirement of customers. Furthermore, returnable transport packaging products have a small degree of compressibility and low capability of being nested with each other. Therefore, the space required to return these products via delivery vehicles is greater than that required for disposable transport packaging products, which increases the number of return trips required to take the returnable packaging products back to the warehouse. Such factors are expected to challenge the market growth during the forecast period.
This returnable transport packaging market in North America analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the returnable transport packaging market in North America as a part of the global metal and glass containers market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the returnable transport packaging market in North America during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the returnable transport packaging market in North America encompasses successful business strategies deployed by the key vendors. The returnable transport packaging market in North America is fragmented and the vendors are deploying growth strategies such as product innovation to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The returnable transport packaging market in North America forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the returnable transport packaging market in North America, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global metal and glass containers market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
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68% of the market's growth will originate from US during the forecast period. Canada and Mexico are the other key markets for returnable transport packaging in North America. However, market growth in the US will be slower than the growth of the market in other countries.
The rapid expansion of regional distribution models will facilitate the returnable transport packaging market in growth in US over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the returnable transport packaging market in the US witnessed certain challenges owing to the COVID-19 pandemic. Some of the end-user industries operating in the country announced a temporary shutdown of their operations. For instance, in August 2020, Coca-Cola announced its plan to cut down its business operations to nine units from 17 that were in operation in the country before the COVID-19 situation. However, governments of the US announced a series of economic packages to help industrial units return to normalcy in late 2020 and H1 2021. Moreover, the resumption of manufacturing operations in end-user industries such as the pharmaceutical, chemical, and automotive since H2 2021 lifted the economy of the country, which in turn, will drive the growth of the market during the forecast period.
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The returnable transport packaging market share growth in North America by the food and beverage segment will be significant during the forecast period. The growth is attributed to the significant increase in the demand for packaged food products among consumers in North America.
This report provides an accurate prediction of the contribution of all the segments to the growth of the returnable transport packaging market size in North America and actionable market insights on post COVID-19 impact on each segment.
Returnable Transport Packaging Market Scope in North America |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.82% |
Market growth 2022-2026 |
$ 976.32 million |
Market structure |
Fragmented |
YoY growth (%) |
6.39 |
Regional analysis |
North America |
Performing market contribution |
US at 68% |
Key consumer countries |
US, Canada, and Mexico |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Brambles Ltd., Cartonplast Group GmbH, DS Smith Plc, Fritz SCHAFER GmbH and Co KG, Georg Utz Holding AG, Greif Inc., Nefab AB, Rehrig Pacific Co., Schoeller Allibert BV, and Sonoco Products Co. |
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, 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
**1.1 Market Overview
*Exhibit 01: Key Finding 1
*Exhibit 02: Key Finding 2
*Exhibit 03: Key Finding 3
*Exhibit 04: Key Finding 5
*Exhibit 05: Key Finding 6
*Exhibit 06: Key Finding 7
***2. Market Landscape
**2.1 Market ecosystem
*Exhibit 07: Parent market
*Exhibit 08: Market characteristics
**2.2 Value chain analysis
*Exhibit 09: Value chain analysis: Metal and glass containers
*2.2.1 Inputs
*2.2.2 Inbound logistics
*2.2.3 Operations
*2.2.4 Outbound logistics
*2.2.5 Marketing and sales
***3. Market Sizing
*2.2.6 Service
**3.1 Market definition
*Exhibit 10: Offerings of vendors included in the market definition
**3.2 Market segment analysis
*Exhibit 11: Market segments
**3.3 Market size 2021
**3.4 Market outlook: Forecast for 2021- 2026
*3.4.1 Estimating growth rates for emerging and high-growth markets
*3.4.2 Estimating growth rates for mature markets
*Exhibit 12: Global - Market size and forecast 2021 - 2026 ($ million)
*Exhibit 13: Global market: Year-over-year growth 2021 - 2026 (%)
*3.4.3 Market Segmentation by product
***4. Five Forces Analysis
**4.1 Five Forces Summary
*Exhibit 14: Five forces analysis 2021 & 2026
**4.2 Bargaining power of buyers
*Exhibit 15: Bargaining power of buyers
**4.3 Bargaining power of suppliers
*Exhibit 16: Bargaining power of suppliers
**4.4 Threat of new entrants
*Exhibit 17: Threat of new entrants
**4.5 Threat of substitutes
*Exhibit 18: Threat of substitutes
**4.6 Threat of rivalry
*Exhibit 19: Threat of rivalry
**4.7 Market condition
*Exhibit 20: Market condition - Five forces 2020
***5. Market Segmentation by End User
**5.1 Market segments
*The segments covered in this chapter are:
*Exhibit 21: Product - Market share 2021-2026 (%)
**5.2 Comparison by End User
*Exhibit 22: Comparison by End User
**5.3 Food and beverage - Market size and forecast 2021-2026
*Exhibit 23: Food and beverage - Market size and forecast 2021-2026 ($ million)
*Exhibit 24: Food and beverage - Year-over-year growth 2021-2026 (%
**5.4 Manufacturing - Market size and forecast 2021-2026
*Exhibit 25: Manufacturing - Market size and forecast 2021-2026 ($ million)
*Exhibit 26: Manufacturing - Year-over-year growth 2021-2026 (%)
**5.5 Retail and consumer - Market size and forecast 2021-2026
*Exhibit 27: Retail and consumer - Market size and forecast 2021-2026 ($ million)
*Exhibit 28: Retail and consumer - Year-over-year growth 2021-2026 (%)
**5.6 Market opportunity by End-user
*Exhibit 29: Market opportunity by End-user
***6. Customer landscape
*Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria
**6.1 Overview
*Exhibit 30: Customer landscape
***7 . Geographic Landscape
**7.1 Geographic segmentation
*Exhibit 31: Market share by geography 2021-2026 (%)
*Exhibit 32: Geographic comparison
**7.3 US - Market size and forecast 2021-2026
*Exhibit 33: US - Market size and forecast 2021-2026 ($ million)
*Exhibit 34: US - Year-over-year growth 2021-2026 (%)
**7.4 Canada - Market size and forecast 2021-2026
*Exhibit 35: Canada - Market size and forecast 2021-2026 ($ million)
*Exhibit 36: Canada - Year-over-year growth 2021-2026 (%)
**7.5 Mexico - Market size and forecast 2021-2026
*Exhibit 37: Mexico - Market size and forecast 2021-2026 ($ million)
*Exhibit 38: Mexico - Year-over-year growth 2021-2026 (%)
*Exhibit 39: Market opportunity by geography ($ million)
***8. Drivers, Challenges, and Trends
**8.1 Market drivers
*8.1.1 Increased demand for modern grocery retailing
*8.1.2 Lower handling and product damage
*8.1.3 Rapid growth of e-commerce market
**8.2 Market challenges
*8.2.1 High initial investment and operational cost
*8.2.2 Availability of used returnable transport packaging products
*8.2.3 Challenges in disposal
*Exhibit 40: Impact of drivers and challenges
**8.3 Market trends
*8.3.1 Increased adoption of returnable transport packaging
*8.3.2 Long-term cost-saving opportunities for buyers
*8.3.3 Adoption of RFID technology in returnable transport packaging
***9. Vendor Landscape
**9.1 Overview
*Exhibit 41: Vendor landscape
**9.2 Landscape disruption
*Exhibit 42: Landscape disruption
*Exhibit 43: Industry risks
***10. Vendor Analysis
**10.1 Vendors covered
*Exhibit 44: Vendors covered
**10.2 Market positioning of vendors
*Exhibit 45: Market positioning of vendors
**10.3 Brambles Ltd.
*Exhibit 46: Brambles Ltd. - Overview
*Exhibit 47: Brambles Ltd. - Business segments
*Exhibit 48: Brambles Ltd. - Key news
*Exhibit 49: Brambles Ltd. - Key offerings
*Exhibit 50: Brambles Ltd. - Segment focus
**10.4 Cartonplast Group GmbH
*Exhibit 51: Cartonplast Group GmbH - Overview
*Exhibit 52: Cartonplast Group GmbH - Business segments
*Exhibit 53: Cartonplast Group GmbH - Key offerings
**10.5 DS Smith Plc
*Exhibit 54: DS Smith Plc - Overview
*Exhibit 55: DS Smith Plc - Business segments
*Exhibit 56: DS Smith Plc - Key news
*Exhibit 57: DS Smith Plc - Key offerings
*Exhibit 58: DS Smith Plc - Segment focus
**10.6 Fritz SCHAFER GmbH and Co KG
*Exhibit 59: Fritz SCHAFER GmbH and Co KG - Overview
*Exhibit 60: Fritz SCHAFER GmbH and Co KG - Product and service
*Exhibit 61: Fritz SCHAFER GmbH and Co KG - Key offerings
**10.7 Georg Utz Holding AG
*Exhibit 62: Georg Utz Holding AG - Overview
*Exhibit 63: Georg Utz Holding AG - Product and service
*Exhibit 64: Georg Utz Holding AG - Key news
*Exhibit 65: Georg Utz Holding AG - Key offerings
**10.8 Greif Inc.
*Exhibit 66: Greif Inc. - Overview
*Exhibit 67: Greif Inc. - Business segments
*Exhibit 68: Greif Inc. - Key news
*Exhibit 69: Greif Inc. - Key offerings
*Exhibit 70: Greif Inc. - Segment focus
**10.9 Nefab AB
*Exhibit 71: Nefab AB - Overview
*Exhibit 72: Nefab AB - Product and service
*Exhibit 73: Nefab AB - Key offerings
**10.10 Rehrig Pacific Co.
*Exhibit 74: Rehrig Pacific Co. - Overview
*Exhibit 75: Rehrig Pacific Co. - Product and service
*Exhibit 76: Rehrig Pacific Co. - Key offerings
**10.11 Schoeller Allibert BV
*Exhibit 77: Schoeller Allibert BV - Overview
*Exhibit 78: Schoeller Allibert BV - Product and service
*Exhibit 79: Schoeller Allibert BV - Key offerings
**10.12 Sonoco Products Co.
*Exhibit 80: Sonoco Products Co. - Overview
*Exhibit 81: Sonoco Products Co. - Business segments
*Exhibit 82: Sonoco Products Co. - Key news
*Exhibit 83: Sonoco Products Co. - Key offerings
*Exhibit 84: Sonoco Products Co. - Segment focus
***11. Appendix
**11.1 Scope of the report
*11.1.1 Market definition
*11.1.2 Objectives
*11.1.3 Notes and caveats
**11.2 Currency conversion rates for US$
*Exhibit 85: Currency conversion rates for US$
**11.3 Research Methodology
*Exhibit 86: Research Methodology
*Exhibit 87: Validation techniques employed for market sizing
*Exhibit 88: Information sources
**11.4 List of abbreviations
*Exhibit 89: List of abbreviations
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