Global Returnable Packaging Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Returnable Packaging Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global returnable packaging market report has been segmented on the basis of type, end-use industry, and region.
Global Returnable Packaging Market: Overview
Returnable packaging is also known as reusable packaging or returnable transport packaging (RTP), which consists of durable handheld and bulk containers, shipping racks, pallets, dunnage, and other related items intended to be reused many times. These packaging is made by using durable materials such as wood, metal, plastic, glass and paperboards and designed for repeated reuse to promote durability, ease of use, cleaning, and repair. Such packaging is used to safety of the product and provides efficient and cost optimum transportation, distribution, and handling of the product.
Global Returnable Packaging Market: Dynamics
The rising demand from various end-use industries such as food & beverages, consumer durables, healthcare, and automotive, is expected to drive growth of the returnable packaging market across the globe. Increasing product demand that comprise of standard dimensional sizes, such as sleeve packs and boxes and the availability other returnable packaging containers based on the customers’ requirement, is projected to fuel growth of the global market. For instance, Schoeller Allibert, a European company deals in reusable plastic packaging, has introduced a new product named Magnum Optimum, which is a foldable large plastic container, lightweight in nature and can be reused for several purposes.
Recent trend observed in the target market is manufacturers in the global returnable packaging market are increasing their expenditure on research & development activities related to improve the material handling processes of the supply chain. Operation costs of the target product is expected to reduce owing to recyclable nature and availability of multiple options to choose from the market, which is expected to boost growth of the target the market.
Global Returnable Packaging Market: Segment Analysis
Among the type segments, the drums and barrels segment is expected to hold significant share in the market over the forecast period.
Among the end-user industry segments, the food & beverage segment is expected to hold significant share in the market over the forecast period.
Global Returnable Packaging Market: Regional Analysis
Geographically, the global returnable packaging market can be divided by major regions which include North America, Asia Pacific, Europe, Middle East and Africa, and Latin America.
North America returnable packaging market is expected to hold the major revenue share in global market owing to demand for reusable packaging products, increasing food & beverage sector and consumer goods sector. Moreover, factors such as awareness and concerns regarding sustainable packaging technologies are driving the market in this region. Further, rapidly urbanization and industrialization in emerging countries is expected to drive market of returnable packaging.
According to Returnable Packaging Association (RPA), should follows the four R’s philosophy of reuse, returns, reduce, and recycle for efficient supply chain systems. Returnable packaging system market witnessed annual growth between 8–10% over past few years. In addition, Food and Drug Administration (FDA) developed a guideline, "Points to Consider for the Use of Recycled Plastics in Food Packaging: Chemistry Considerations," to assist and support manufacturers of food & beverage packaging.
Global Returnable Packaging Market Segmentation:
Segmentation by Type:
- Drums and barrels
- Others (Dunnage and Support products)
Segmentation by of End-use industry:
- Food & Beverages
- Semiconductors & electronics
- Building and construction
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Brambles Limited
- Schoeller Allibert
- Menasha Corporation
- DS Smith plc
- Myers Industries, Inc.
- Nefab Group
- Rehrig Pacific Company
- IPL Plastics Inc.
- Schütz GmbH & Co. KGaA
- Vetropack Holding
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