Food Marketing & Technology - India May 2019 | Page 48

Market Study
RETURNABLE TRANSPORT PACKAGING
(RTP) DEMAND UPHELD BY REMARKABLE
DEMAND FOR REVERSE LOGISTICS
SERVICES IN EAST ASIA
G
lobal demand for returnable
transport packaging (RTP)
valuated at around US$
22 billion in 2018, which is likely
to witness a moderate surge of 4.3
percent in 2019. East Asia’s returnable
transport packaging market will
remain the top revenue shareholder,
with an estimated share of more than
1/4th of the global value, according to
the report. the supply chain across several end-
use industries, including food &
beverages, building & construction,
and chemicals among others. In
addition,
returnable
transport
packaging solutions can be reused
and recycled. Furthermore, returnable
transport packaging is a type of
reverse logistics that ensures more
efficient supply chain system with
improved service quality.
Returnable
transport
packaging
has been a safe and efficient
transportation solution throughout The growth in intercontinental trade
is fuelling the demand for returnable
transport packaging solutions. The
adoption of returnable transport
packaging has increased among
industrial users. The returnable
transport packaging market has been
consistently witnessing evolution of
product designs to cater to end user
demands. Widespread availability of
various returnable transport packaging
products such as IBCs, pallets, drums,
layer pads, plastic crates, and dunnage
bags of different capacities allow
convenient packaging of agricultural
goods.
The report recommends that returnable
transport packaging will play a major
role in the food & beverage industry
during the forecast period. Increase
in trade activities and the use of
crates and pallets for transportation
have boosted the sales of returnable
transport packaging solutions. Another
factor driving the growth of the global
returnable transport packaging market
is its minimum contamination issue,
since plastic crates and plastic pallets
The growth in
intercontinental trade
is fuelling the demand
for returnable transport
packaging solutions. The
adoption of returnable
transport packaging
has increased among
industrial users
Food Marketing & Technology
48
May 2019