Returnable Packaging Market Size
The global Returnable Packaging market size was valued at $112.49 billion in 2023 and is projected to reach $178.51 billion by 2029, growing at a CAGR of 8.0% during the forecast period.
Returnable Packaging Market Dynamics
• The returnable packaging market is expected to witness significant growth in the future due to strong demand for returnable packaging from end-use industries, increasing usage of bio-degradable alternatives, rising urban population, and high optimization in pack size.
• However, volatility in raw material prices, storage space requirement, and potential loss of material are restraining the market growth.
• On the contrary, increasing R&D investments in returnable packaging and rising demand from emerging economies such as India, China, and others are creating opportunities across the globe.
Returnable Packaging Market Overview
Returnable packaging, also known as reusable packaging or returnable transport packaging, is made up of sturdy handheld and bulk containers, pallets, shipping racks, dunnage, and other associated products that are intended to be reused multiple times. This packaging is constructed of long-lasting materials including plastic, wood, metal, glass, and paperboard, and it's created to be reused over and over again to promote ease of use, durability, cleaning, and repair.
By Material, Plastic Segment Emerge as the Dominant Segment
Plastic packaging is made out of a variety of synthetic and semi-synthetic materials that may be molded into a wide range of shapes and sizes. Plastic packaging is utilized in a variety of applications due to its low cost, versatility, and ease of availability. Moreover, consumer inclination is high because of features including durability, safety, hygiene, and lightweight. Moreover, owing to their durability, low weight, and good corrosion and solvent resistance, high-density polyethylene (HDPE) and polypropylene (PP) polymers are commonly used to manufacture products such as pallets, crates, IBCs, and drums.
By Geography, the Asia Pacific Region is Projected to Strong Presence in the Global Market
Asia Pacific held the larger market share, and it would continue on this path during the forecast period. The presence of a huge number of manufacturing companies in countries like China, India, Indonesia, and Vietnam is a major driving force in the Asia Pacific returnable packaging market. Furthermore, growing industrialization in the Asia Pacific is likely to aid market growth due to the low cost of production.
Some of the key players profiled in the Report Include:
• Schoeller Allibert
• Brambles
• DS Smith
• Nefab Group
• Menasha Corporation
• Vetropack Holding
• Rehrig Pacific Company
• Schutz GmbH & Co. KGaA
• Myers Industries
• IPL Plastics
• Cabka Group
• Monoflo International
• Amatech Inc.
• Mjsolpac Ltd.
• Reusable Transport Packaging
What Can be Explored with this Research Report:
• Understand the key trends that will drive the market and, the challenges it faces in the current market scenario.
• Identify growth opportunities.
• Porter’s five force analysis.
• In-depth analysis of market segments, and regions/countries predicted to observe promising growth.
• Historical and forecast size of the market in terms of revenue (USD Million).
• Company profiling with key products and solution offerings, key financial information, SWOT analysis, and business strategies adopted.
Market Segmentation:
The research report includes in-depth coverage of the industry analysis with size, share, and forecast for the below segments:
Market by, Product Type
• Pallets
• Crates
• Intermediate Bulk Containers (IBC)
• Dunnage
• Drums & Barrels
• Bottles
• Other Product Types
Market by, Material
• Plastic
• Metal
• Wood
• Glass
• Foam
Market by, End User
• Automotive
• Food & Beverage
• Healthcare
• Consumer Durables
• Other End Users
Market by, Geography
The Returnable Packaging Market report also analyzes the major geographic regions and countries for the market. The regions and countries covered in the study include:
• North America (The United States, Canada, Mexico), Market Estimates, Forecast & Opportunity Analysis
• Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Market Estimates, Forecast & Opportunity Analysis
• Asia Pacific (China, Japan, India, South Korea, Australia, New Zealand, Rest of Asia Pacific), Market Estimates, Forecast & Opportunity Analysis
• South America (Brazil, Argentina, Chile, Rest of South America), Market Estimates, Forecast & Opportunity Analysis
• Middle East & Africa (UAE, Saudi Arabia, Qatar, Iran, South Africa, Rest of Middle East & Africa), Market Estimates, Forecast & Opportunity Analysis.
Table Of Content
1 Market Overview
1.1 Introduction
1.2 Research Objectives
1.3 Market Segmentation
1.4 Stakeholders
1.5 List of Acronyms
2 Executive Summary
3 Research Methodology
3.1 Identification of Data
3.2 Evaluation of Market Dynamics
3.3 Collaboration of Data
3.4 Verification and Analysis
3.5 Data Sources
3.6 Assumptions
4 Market Dynamics
4.1 Market Drivers
4.1.1 Strong Demand for Returnable Packaging from End-Use Industries
4.1.2 Rising Urban Population and High Optimization in Pack Size
4.2 Market Restraints
4.2.1 Volatility in Raw Material Prices
4.3 Market Opportunities
4.3.1 Increasing R&D Investments in Returnable Packaging
4.3.2 Rising Demand from Emerging Economics such as India, China and others
4.4 Market Challenges
4.4.1 Cost-To-Benefit Ratio a Concern to Small Manufacturers
4.5 Impact of COVID-19 on Returnable Packaging Market
5 Porter's Five Force Analysis
5.1 Bargaining Power of Suppliers
5.2 Bargaining Power of Buyers
5.3 Threat of New Entrants
5.4 Threat of Substitutes
5.5 Competitive Rivalry in the Market
6 Global Returnable Packaging Market by, Product Type
6.1 Overview
6.2 Pallets
6.3 Crates
6.4 Intermediate Bulk Containers (IBC)
6.5 Dunnage
6.6 Drums & Barrels
6.7 Bottles
6.8 Other Product Types
7 Global Returnable Packaging Market by, Material
7.1 Overview
7.2 Plastic
7.3 Metal
7.4 Wood
7.5 Glass
7.6 Foam
8 Global Returnable Packaging Market by, End User
8.1 Overview
8.2 Automotive
8.3 Food & Beverage
8.4 Healthcare
8.5 Consumer Durables
8.6 Other End Users
9 Global Returnable Packaging Market by, Geography
9.1 Overview
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 France
9.3.3 UK
9.3.4 Italy
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.2 Japan
9.4.3 India
9.4.4 South Korea
9.4.5 Australia
9.4.6 New Zealand
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 UAE
9.6.2 Saudi Arabia
9.6.3 Qatar
9.6.4 Iran
9.6.5 South Africa
9.6.6 Rest of Middle East & Africa
10 Key Developments
11 Company Profiling
11.1 Schoeller Allibert
11.1.1 Business Overview
11.1.2 Product/Service Offering
11.1.3 Financial Overview
11.1.4 SWOT Analysis
11.1.5 Key Activities
11.2 Brambles
11.3 DS Smith
11.4 Nefab Group
11.5 Menasha Corporation
11.6 Vetropack Holding
11.7 Rehrig Pacific Company
11.8 Schutz GmbH & Co. KGaA
11.9 Myers Industries
11.10 IPL Plastics
11.11 Cabka Group
11.12 Monoflo International
11.13 Amatech Inc.
11.14 Mjsolpac Ltd.
11.15 Reusable Transport Packaging
Report Details
SKU Code | : DI2083 |
Industry | : Packaging |
Region | : Global |
Tables | : 120 |
Format | : Electronic PDF |
Published | : 2023 |
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