Returnable Packaging Market: Global Industry Analysis, Size, and Forecast, 2018-2027
Category: Packaging | Publishing in: Sep 2021 | Pages: NA | Price (Single User License): US$ 4250
Returnable Packaging Market Introduction
In today’s competitive world time to market and delivering products in proper shape is very crucial for companies operating across various sectors. This is encouraging companies to invest money on sustainable and durable returnable packaging products that can protect packed items against damage and reduce overall logistic and transportation losses against product damage. Additionally, availability of eco-friendly returnable packaging products makes them preferred option for companies concerned about protecting the environment and meeting government regulations. Such factors are projected to present growth prospect for leading vendors operating in the global returnable packaging market.
Widening application area of returnable packaging solutions in various end user verticals such as food & beverages, automotive, and consumer durables to minimize overall operational cost and enhance product safety is projected to drive the growth of the global returnable packaging market worldwide. Additionally, spending on returnable packaging by end users are increasing to meet strict government regulation concerning the environment. This, in turn, is increasing the uptake of eco-friendly returnable packaging products at a significant extent especially in European countries. Further, various benefits such as high durability, sustainability, and reusability offered by such packaging solution are anticipated to fuel overall returnable packaging market size & growth during the forecast period. However, the high initial cost is hindering the adoption of returnable packaging solutions among small & mid enterprises in developing regions is hampering returnable packaging market growth to a certain extent.
The global returnable packaging market has been analysed taking in to consideration various segments such as packaging type, packaging material, industry verticals, end users, and regions. By packaging type, the market has been categorized into pallets, intermediate bulk containers (IBCs), drums & barrels, crates, dunnage, bottles, and others (sacks, racks, and carts). The global returnable packaging market is classified on the basis on packaging material into plastic, wood, metal, glass, and foam. The end users segment includes large enterprises and small & mid enterprises. Based on industry verticals, the global returnable packaging market has been bifurcated into automotive, food & beverages, consumer durables, healthcare, construction, Logistics & transportation, and other industries (aerospace, oil & lubricants, and chemicals). Major regions covered in the returnable packaging industry report are North America, Western Europe, Eastern Europe, Latin America, Asia Pacific, and Middle East & Africa.
Returnable Packaging Market Competitive Landscape
The returnable packaging industry consists of a large number of players offering different types of packaging solutions. Few of the players identified in the market are Rehrig Pacific Company, Brambles, Menasha Corporation, Schütz GmbH & Co. KGaA, DS Smith, Myers Industries, Schoeller Allibert, Nefab Group, IPL Plastics, and Vetropack Holding. Key players operating in the global returnable packaging market are concentrating on offering durable and cost-effective packaging solutions and services to end user to maintain long term relationship with the client and gain market share. Other leading players in the market are Amatech Inc., Reusable Transport Packaging, and GWP Group.
Major Regions/Countries include:
- North America
- United States
- Western Europe
- United Kingdom
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific (APAC)
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa (MEA)
- North Africa
- South Africa
- Rest of MEA
This research report on returnable packaging market would be produced using first-hand market information gathered from industry experts and major participants across the value chain, during primary research. It would provide broad view of current market trends, growth factors and competitive analysis.