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The returnable packaging market was projected to generate USD 95.28 billion in 2022. With a compound annual growth rate (CAGR) of 8.24% for the projection period (2023- 2030), it is anticipated that the market for returnable packaging will increase from USD 97.26 billion in 2023 to USD 165.6 billion by 2030. Several end-user industries, including the consumer goods, food and beverage, automotive, pharmaceutical, and medical sectors, have been seen to use returnable packaging. The returnable packaging sector will continue to dominate and hold a substantial market share throughout the market forecast period. Then the continents of North America and Asia-Pacific appeared. Reusable packaging, often known as returnable packaging, is made from very durable materials like polypropylene and polyethylene. It serves a number of uses and has a long shelf life. Reusability, safety, and cost-effectiveness are a few of the features of the product.
The rise in the use of flexible and lightweight packaging for sectors producing quickly moving consumer items is the primary factor driving the market's expansion. Additionally, the use of innovative packaging methods and designs has led to the acceptance of high-quality packaging materials for the cosmetics industry. This, in turn, is encouraging the market's growth. The implementation of automation in packing is another factor fueling the growth of the market for returnable packaging.
For the transportation of food and drink products across the cold chain network, sturdy returnable plastic pallets are preferred to single-use wood pallets because wood pallets are more likely to promote bacterial and fungal growth after becoming wet in moist settings. Thus, it is projected that increasing food and beverage transit along the cold chain will benefit the region's reusable packaging industry. There is a rapidly expanding trend in North America towards recyclable packaging as more firms realise the benefits of using sustainable packaging choices. Several causes, including rising environmental consciousness, rising demand for eco-friendly packaging solutions, and government attempts to support sustainable development, are driving this trend.
One of the key trends in returnable packaging is the use of durable materials that may be recycled or discarded after numerous uses, such as plastic, metal, and wood. These materials offer single-use packaging, which creates a lot of waste and has detrimental impacts on the environment, a less expensive and more environmentally friendly substitute. Pallets led the product segment in the U.S. market in 2022, and it is predicted that they will continue to do so throughout the forecast period. This is a result of the country's booming e-commerce industry, which has boosted the volume of goods sent and highlighted the value of effective supply chain management. Returnable pallets can reduce transportation expenses while facilitating shipping and reducing the possibility of product damage.
The returnable market's packaging products are growing in popularity, which accelerates market expansion. It is advantageous to comprehend the expanding market share of returnable packaging as well as the region's strong industrial foundation, specifically in this domain. A crucial component of this area's growth is the progress being achieved in this field, together with the expansion of financial facilities. The increased demand for packaged goods and beverages helps the market expand.
Returnable packaging systems have had a significant impact on the automotive industry, which is one of the main factors driving the returnable packaging industry, with a variety of reusable handheld and bulk containers, racks, pallets, and lids, as well as dunnage designed to facilitate automotive part protection. Food and beverage manufacturing is a major consumer of returnable packaging. This company is experiencing increased sales volumes as disposable incomes increase. The e-commerce sector has expanded quickly in recent years as a result of technological improvements, building a significant online customer base. Throughout the projected period, it is anticipated that prices for the energy and raw materials necessary to manufacture returnable packaging would remain unstable. The prices of these commodities have a direct impact on the value chain's elements, including the operating and procurement costs. A quick shift in price has an effect on manufacturers' profit margins as well. Additionally, vendors may increase the cost of their products or reduce their profit margins as a result of rising raw material costs, which will have a negative effect on the market's expansion.
Report Coverage
Global Returnable Packaging research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Returnable Packaging report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Returnable Packaging competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Returnable Packaging market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Returnable Packaging market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Returnable Packaging market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Brambles (Australia), Schoeller Allibert (Netherlands), Menasha Corporation (US), DS Smith (UK), Myers Industries (US), Nefab Group (Sweden), Rehrig Pacific Company (US), IPL Plastics (Ireland), Schutz GmbH & Co. KGaA (Germany), and Vetropack Holding (Switzerland)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Returnable Packaging market based on the below-mentioned segments:
Global Returnable Packaging Market, By Product
Pallets
Crates
IBCs
Others
Global Returnable Packaging market, By Material
Plastic
Metal
Wood
Others
Global Returnable Packaging market, Regional Analysis
The rise in the use of flexible and lightweight packaging for sectors producing quickly moving consumer items is the primary factor driving the market's expansion. Additionally, the use of innovative packaging methods and designs has led to the acceptance of high-quality packaging materials for the cosmetics industry. This, in turn, is encouraging the market's growth. The implementation of automation in packing is another factor fueling the growth of the market for returnable packaging.
For the transportation of food and drink products across the cold chain network, sturdy returnable plastic pallets are preferred to single-use wood pallets because wood pallets are more likely to promote bacterial and fungal growth after becoming wet in moist settings. Thus, it is projected that increasing food and beverage transit along the cold chain will benefit the region's reusable packaging industry. There is a rapidly expanding trend in North America towards recyclable packaging as more firms realise the benefits of using sustainable packaging choices. Several causes, including rising environmental consciousness, rising demand for eco-friendly packaging solutions, and government attempts to support sustainable development, are driving this trend.
One of the key trends in returnable packaging is the use of durable materials that may be recycled or discarded after numerous uses, such as plastic, metal, and wood. These materials offer single-use packaging, which creates a lot of waste and has detrimental impacts on the environment, a less expensive and more environmentally friendly substitute. Pallets led the product segment in the U.S. market in 2022, and it is predicted that they will continue to do so throughout the forecast period. This is a result of the country's booming e-commerce industry, which has boosted the volume of goods sent and highlighted the value of effective supply chain management. Returnable pallets can reduce transportation expenses while facilitating shipping and reducing the possibility of product damage.
The returnable market's packaging products are growing in popularity, which accelerates market expansion. It is advantageous to comprehend the expanding market share of returnable packaging as well as the region's strong industrial foundation, specifically in this domain. A crucial component of this area's growth is the progress being achieved in this field, together with the expansion of financial facilities. The increased demand for packaged goods and beverages helps the market expand.
Returnable packaging systems have had a significant impact on the automotive industry, which is one of the main factors driving the returnable packaging industry, with a variety of reusable handheld and bulk containers, racks, pallets, and lids, as well as dunnage designed to facilitate automotive part protection. Food and beverage manufacturing is a major consumer of returnable packaging. This company is experiencing increased sales volumes as disposable incomes increase. The e-commerce sector has expanded quickly in recent years as a result of technological improvements, building a significant online customer base. Throughout the projected period, it is anticipated that prices for the energy and raw materials necessary to manufacture returnable packaging would remain unstable. The prices of these commodities have a direct impact on the value chain's elements, including the operating and procurement costs. A quick shift in price has an effect on manufacturers' profit margins as well. Additionally, vendors may increase the cost of their products or reduce their profit margins as a result of rising raw material costs, which will have a negative effect on the market's expansion.
Report Coverage
Global Returnable Packaging research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Returnable Packaging report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Returnable Packaging competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Returnable Packaging market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Brambles (Australia), Schoeller Allibert (Netherlands), Menasha Corporation (US), DS Smith (UK), Myers Industries (US), Nefab Group (Sweden), Rehrig Pacific Company (US), IPL Plastics (Ireland), Schutz GmbH & Co. KGaA (Germany), and Vetropack Holding (Switzerland) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Returnable Packaging Market from 2021 to 2030.
- Market Forecast for Returnable Packaging Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Returnable Packaging competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Returnable Packaging
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Returnable Packaging market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Returnable Packaging market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Brambles (Australia), Schoeller Allibert (Netherlands), Menasha Corporation (US), DS Smith (UK), Myers Industries (US), Nefab Group (Sweden), Rehrig Pacific Company (US), IPL Plastics (Ireland), Schutz GmbH & Co. KGaA (Germany), and Vetropack Holding (Switzerland)
Primary Target Market
- Market Players of Returnable Packaging
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Returnable Packaging market based on the below-mentioned segments:
Global Returnable Packaging Market, By Product
Pallets
Crates
IBCs
Others
Global Returnable Packaging market, By Material
Plastic
Metal
Wood
Others
Global Returnable Packaging market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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