Global Returnable Packaging Market, By Product Type (Pallets, Crates, Intermediate Bulk Containers (IBCs), Drums and Barrels, Bottles, Dunnage, Others), Material Type (Plastic, Metal, Wood, Glass, Foam), End User (Automotive, Food and Beverages, Consumer Durables, Healthcare, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Returnable packaging market size is valued at USD 69.48 billion by 2028 and is expected to grow at a compound annual growth rate of 6.00% for the forecast period of 2021 to 2028. Data Bridge Market Research report on returnable packaging market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Returnable packaging is also termed as reusable packaging or returnable transport packaging, which have durable handheld and bulk containers, pallets, shipping racks, dunnage, and other related items projected to be reused many times. These packaging is made by using long-lasting materials such as plastic, wood, metal, glass and paperboards, and designed for repeated reuse to encourage ease of use, durability, cleaning, and repair.
The returnable packaging market is rising in demand owing to rapidly rising demand for sustainable and durable packaging products from various end-use industries. Also, the various benefits of returnable packaging are also highly impacting the growth of the returnable packaging in the forecast period of 2021 to 2028. The rising urbanization, increase in disposable income, along with the high optimization in pack size are anticipated to flourish the growth of the market owing to the above mentioned reasons and is also is projected to grow substantially during the forecast period. Furthermore, the rising product demand that consist of standard dimensional sizes, such as sleeve packs and boxes and the easy availability other returnable packaging containers based on the customers requirement are also expected to push the growth of returnable packaging market in the above mentioned forecast period. The major factor which actively drives the demand of returnable packaging market is the operation costs of the target product is likely to decrease due to recyclable nature and accessibility of multiple options to choose. Likewise, the growing R&D investments and various companies are largely attracted to returnable transport packaging products owing to their sustainability and economic and ergonomic benefits which will further offer various growth opportunities for the growth of returnable packaging market over the forecast period of 2021 to 2028.
However, the cost-to-benefit ratio is a concern to small manufacturers which will impede the growth of the returnable packaging market in the above mentioned forecast period, whereas the management of the packaging supply chain as well as unstable environmental mandates across regions have the potential to challenge the growth of the market.
This returnable packaging market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on returnable packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Returnable Packaging Market Scope and Market Size
Returnable packaging market is segmented on the basis of product type, material type and end user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product type, the returnable packaging market is segmented into pallets, crates, intermediate bulk containers (IBCs), drums and barrels, bottles, dunnage and others. Others have further been segmented into racks, sacks, and carts and dollies.
- Based on material type, the returnable packaging market is segmented into plastic, metal, wood, glass and foam.
- The end user segment of the returnable packaging market is segmented into automotive, food and beverages, consumer durables, healthcare and others.
Returnable Packaging Market Country Level Analysis
Returnable packaging market is analyzed and market size, volume information is provided by country, product type, material type and end user as referenced above.
The countries covered in the returnable packaging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific leads the returnable packaging market because of the strong presence of a large number of manufacturing companies in emerging countries within this particular region. Middle East & Africa is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 owing to the rapidly shifting focus from the oil industry to the manufacturing industry within this region.
The country section of the returnable packaging market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Returnable Packaging Market Share Analysis
Returnable packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to returnable packaging market.
The major players covered in the returnable packaging market report are DS Smith, Akro-Mils / Myers Industries Inc., Brambles Ltd, Schoeller Allibert, Menasha Packaging Company LLC, NEFAB GROUP, Rehrig Pacific Company, IPL, inc., SCHÜTZ GmbH & Co. KGaA, Vetropack, Amatech Inc., Monoflo International, MJSolpac Ltd, CABKA Group, UFP Technologies, Inc., Ckdpack, Multipac Pty. Ltd., Tri-Wall Limited, Wiegand-Glas Holding GmbH and Mpact Plastic Containers among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.