Returnable Packaging Market Analysis 2023 Worldwide Industry Growth, Key Players, Demand and Forecast 2030

According to MRFR analysis, the Returnable Packaging Market is expected to register a CAGR of ~7.24% from 2023 to 2030 and hold a value of over USD 165.1 Billion by 2030.

Returnable packaging may save shipping and storage expenses for businesses in virtually every industry since it is not only reusable but also a tough and affordable packaging option. The primary element propelling the market’s expansion is the rise in the use of flexible and lightweight packaging for the fast-moving consumer goods industry. In addition, the cosmetic sector is adopting high-quality packaging materials because of the usage of innovative packaging techniques and designs. As a result, this is fueling the market’s expansion. The market for returnable packaging is also growing because of the development of automation in packing.

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Regional Analysis:

Europe dominates the global returnable packaging market, heading with the increased awareness about sustainable packaging and a strong industrial base in this region. Besides, the continually rising economy of this region and demand for packaged food & beverages drives the market growth. Also, increasing needs to reduce packaging waste and demands for bulk transportation are the major growth drivers for the returnable packaging market.

North America is another lucrative market for returnable packaging solutions. Rapidly expanding consumer markets and abundantly available natural resources are the major factors driving the market in this region. The increasing demand and focus on developing low-cost returnable packaging options are some of the key factors accelerating the market growth. 

The Asia Pacific returnable packaging market is growing rapidly. Factors such as the rapidly growing end-user industries and rapid growth in industrialization and manufacturing activities boost the market size. China and India are dominating markets for returnable packaging solutions in the region. Furthermore, increasing demand from food & beverage and consumer goods push the market share.

Market Segmentation:

The Global Returnable Packaging market has been segmented into Type, Material, and End Use.

Based on the Type, the market has been segmented into Pallets, Crates, Intermediate Bulk containers (IBC), Dunnage, Drums & Barrels, Bottles, and Others.

Based on the Material, the market has been segmented into Plastic, Metal, Wood, and Others.

Based on the End Use, the market has been segmented into Automotive, Food & Beverages, Pharmaceuticals & Healthcare, and Consumer Goods.

Key Players:

Some of the key market players are Brambles, Vetropack Holding, Schoeller Allibert, IPL Plastics, Menasha Corporation, Schutz GmbH and Co, DS Smith, Myers Industries, Rehrig Pacific Company, Nefab Group.

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