Returnable Packaging Market To Grow At 7.24% CAGR By 2030

The growth in the demand from automotive industry due to increase in demand for bulk transportation and cost reduction, food & beverages due to demand for storage and transportation of bulk food products and various beverages driving the growth of the market.

Pune, India, Dec 12, 2018 /MRFR Press Release/- Market research future published a half-cooked research report on global returnable packaging market. The Returnable packaging market is expected to grow over the CAGR of around 7.24% during the period 2022 to 2030.

Market Highlights

The increasing demand for Returnable Packaging Market from various end-use industries such as food & beverages, consumer goods, and automotive, and increasing urban population are expected to drive the growth of the market across the globe are opening new opportunities for the growth of the market. Returnable packaging offer extensive flexibility, reusability, durability and cost effectiveness. Growing demand for cost effective, flexible and bulk packaging is expected to generate growth opportunities for the returnable packaging market. However, different regulations and standards associated with the packaging may hinder the growth of the market.

Drivers

Market Research Analysis

For the purpose of this study, the global returnable packaging market has been divided on the basis of four segments namely material, product type, end-use, and region. On the basis of material, the market has been segmented into plastic, metal, wood and others. Under the material segment, plastic accounts for the largest market share. Plastic returnable packaging are preferred due to their extensive flexibility, reusability and cost effectiveness.

On the basis of product type, the market has been segmented into pallets, crates, intermediate bulk containers (IBC), dunnage, drums 7 barrels, bottles, and others. IBC dominate the segment and are expected to grow at the highest CAGR during the forecast period. Rise in demand from various end-use applications like food & beverages and petroleum & lubricants driving the growth of this segment. Pallets segment is also expected to register substantial growth in the forecast period.

On the basis of end-use, the market has been segmented into automotive, food & beverages, pharmaceuticals & healthcare, and consumer goods. Automotive dominates the end-use segment of the market and is expected to grow at the highest CAGR during the forecast period. Increased us of returnable containers by automotive manufactures to transport different parts of automotive components to suppliers and the need for cost reduction for automotive manufactures to handle competition. Food & beverages segment is expected to contribute significantly due to rise in demand for storage and transportation of bulk food products and various beverages.

 Global Returnable packaging Market, 2017-2023 (USD Million)

Scope of the Report

This study provides an overview of the global returnable packaging market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and the rest of the world (ROW). The report also provides a forecast, focusing on the market opportunities for the next six years for each region. The scope of the study segments the global returnable packaging market by material, by capacity, by end use, and by region.By Material

• Plastic


• Metal


• Wood


• Others

By Product Type

• Pallets


• Crates


• Intermediate Bulk Container (IBC)


• Dunnage


• Drums & Barrels


• Bottles


• Others

By End Use

• Automotive


• Food & Beverages


• Pharmaceuticals & Healthcare


• Consumer Goods


• Others

By Region

• North America 


• Asia-Pacific 


• Europe


• Rest of the World  

Key Players

The prominent players in the Returnable packaging market are 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) among others.

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