In 2023, returnable transport packaging sales in North America are forecasted to reach a value of US$ 28.53 billion, with expectations for this figure to escalate to US$ 42.11 billion by 2033. Projections indicate a steady increase in demand for returnable transport packaging in North America throughout the forecast period, with a Compound Annual Growth Rate (CAGR) of 4.0%. This growth trajectory reflects the growing preference for sustainable and cost-effective packaging solutions among businesses in the region, driven by factors such as supply chain optimization, waste reduction initiatives, and increasing emphasis on environmental sustainability.
North America Returnable Transport Packaging Industry- Factors Boosting Industry
- Sustainability: Increasing awareness and initiatives towards sustainability drive the adoption of returnable transport packaging, as it reduces waste and promotes environmentally friendly practices.
- Cost Efficiency: Businesses recognize the long-term cost savings associated with returnable transport packaging, including reduced packaging material expenses and lower transportation costs due to efficient utilization of space.
- Supply Chain Optimization: Returnable transport packaging streamlines logistics processes by facilitating efficient storage, handling, and transportation of goods, leading to improved supply chain efficiency and reduced lead times.
- Product Protection: Returnable transport packaging provides superior protection for goods during transit, minimizing the risk of damage or loss and ensuring product integrity upon arrival.
- Regulatory Compliance: Compliance with regulations promoting sustainability and waste reduction drives the adoption of returnable transport packaging among businesses seeking to align with regulatory standards and corporate responsibility initiatives.
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Business Growth Drivers:
- Sustainability Initiatives: Increasing awareness about environmental concerns and the push for sustainable practices have driven businesses to adopt RTP solutions. Returnable packaging reduces waste and carbon footprint compared to traditional single-use packaging, aligning with corporate sustainability goals and consumer preferences.
- Cost Savings: RTP offers cost savings over time compared to single-use packaging. While the initial investment may be higher, the ability to reuse packaging materials multiple times reduces overall packaging costs, transportation expenses, and waste disposal fees.
- Supply Chain Efficiency: RTP enhances supply chain efficiency by improving handling, storage, and transportation processes. Standardized packaging sizes and designs streamline logistics operations, reduce product damage, and optimize space utilization in warehouses and trucks.
- Regulatory Compliance: Regulatory requirements and industry standards increasingly mandate or incentivize the use of returnable packaging to reduce environmental impact. Compliance with these regulations drives adoption across various sectors, including food and beverage, automotive, and retail.
- Improved Product Protection: RTP provides better protection for goods during transit compared to single-use packaging, reducing the risk of damage or spoilage. This is particularly important for fragile or perishable items, leading to higher customer satisfaction and fewer returns.
- Enhanced Brand Image: Companies utilizing RTP often portray themselves as environmentally responsible and forward-thinking, which can positively impact brand perception and customer loyalty. Adopting sustainable practices can differentiate businesses in competitive markets and attract eco-conscious consumers.
Industry Restraints:
- Initial Investment: The upfront cost of implementing RTP systems, including purchasing or leasing reusable containers and infrastructure modifications, can be a barrier for some businesses, especially small and medium-sized enterprises (SMEs) with limited capital.
- Reverse Logistics Challenges: Managing the logistics of returning, cleaning, and redistributing reusable packaging adds complexity to supply chain operations. Companies must invest in efficient reverse logistics processes to ensure timely collection, cleaning, and redeployment of RTP, which can be resource-intensive.
- Compatibility Issues: Standardization of RTP across different suppliers, manufacturers, and industries is still lacking. Incompatibility between packaging systems used by different stakeholders can hinder the widespread adoption of returnable solutions and limit their effectiveness.
- Space and Storage Constraints: Storing empty RTP containers when not in use requires additional warehouse space, which may be limited or costly for some businesses. Managing inventory levels and optimizing storage capacity without disrupting regular operations can pose challenges.
- Hygiene and Cleaning Concerns: Maintaining cleanliness and hygiene standards for reusable packaging is essential to prevent contamination and ensure product safety. Establishing robust cleaning protocols and facilities adds to operational costs and requires ongoing monitoring and compliance.
- Risk of Loss or Damage: Despite their durability, RTP containers are susceptible to loss, theft, or damage during transit or storage. Companies must implement tracking systems and security measures to mitigate these risks and minimize financial losses.
Key Players:
- Greif, Inc.
- Mauser Packaging Solutions
- Brambles Limited
- SCHÜTZ GmbH & Co. KGaA
- DS Smith plc
- Schoeller Allibert
- THIELMANN
- Snyder Industries LLC
- M & M Industries, Inc
- GELG USA
- Time Technoplast Ltd
- Skolnik Industries, Inc
- ILC Dover, LP
- PolyPail, Inc.
- Specialty Crate Factory
Recent Developments in North America Returnable Transport Packaging Business-
- In December 2022, Greif Inc. acquired Lee Containers Corporation Inc. in the United States, which enhanced the jerry cans portfolio of the company.
- In November 2022, Brambles Limited announced that it had entered into an agreement to combine the pallet and automotive pooling operations of CHEP China with Loscam Holdings Limited. The combined entity will be 20% owned by Brambles and 80% by Loscam (Greater China) Co., Limited, which is the Greater China arm of Loscam Group.
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North America Returnable Transport Packaging Industry Analysis by Category
By Product Type:
- Drums
- Plastic Drums
- Metal Drums
- Rigid IBCs
- New IBCs
- Reconditioned IBCs
- Rebottled IBCs
- Washed IBCs
- Crates
- Plastic Crates
- Foldable
- Stackable
- Nestable
- Wooden Crates
- Metal Crates
- Plastic Crates
- Pails
- Plastic Pails
- Metal Pails
- Jerry Cans
- Plastic Jerry Cans
- Metal Jerry Cans
- Pallet Boxes
- Wooden Pallet Box
- Plastic Pallet Box
- Metal Pallet Box
- Pallet
- Wooden Pallet
- Plastic Pallet
- Metal Pallet
- Dunnage Bags
- Poly-woven DAB
- Kraft Paper DAB
- Vinyl DAB
- Dollies
- Metal Dollies
- Composite Dollies
By Capacity:
- Drums
- PE Drums
- Below 55 gallons (210 liters)
- Above 55 gallons
- Steel Drums
- Below 55 gallons (210 liters)
- Above 55 gallons
- PE Drums
- Rigid IBCs
- Standard
- 1,040 liters (275 US gal)
- 1,250 liters
- Customized Capabilities
- Standard
- Crates
- 18″ x 18″ x 12″
- 24″ x 24″ x 18″
- 36″ x 36″ x 24″
- Pails
- Up to 10 Liters
- 10-30 Liters
- Above 30 Liters
- Jerry Cans
- Up to 10 Liters
- 10 to 30 Liters
- Above 30 Liters
- Pallet Boxes
- Up to 100 Kgs
- Above 100 Kgs
- Pallet
- 48″ X 40″
- 42” X 42”
- 48” X 48”
- Crates
- 48″ X 40″
- 42” X 42”
- 48” X 48”
- Dollies
- Small Sized Dollies
- Medium-sized Dollies
- Large-sized Dollies
- Dunnage Bags
- 2 ply
- 4 ply
- 6 ply
- 8 ply
By End-use:
- Petrochemicals & Lubricants
- Industrial Chemicals
- Paints, Inks & Dyes
- Agricultural Chemicals
- Automotive
- Building & Construction
- Food & Beverage
- Pharmaceuticals
- Others
By Country:
- United States
- Canada
Author
Ismail Sutaria (Lead Consultant, Packaging and Materials) has over 8 years of experience in market research and consulting in the packaging & materials industry. Ismail’s strength lies in identifying key challenges faced by the client and offering logical and actionable insights to equip the clients with strategic decision-making power.
Ismail has been an instrumental part of several transformational consulting assignments. His key skills include competitive benchmarking, opportunity assessment, macroeconomic analysis, and business transformation advisory. Ismail is an MBA holder in Marketing and has a Bachelor’s Degree in Mathematics.
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