As per this study the Global Returnable Packaging Market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2027 with a CAGR of XX%. By volume, the market was estimated XX Million Units in 2021 and is expected to reach XX Million Units by 2027 with a CAGR of XX%.
Returnable or reusable packaging refers to cost effective and ecofriendly solution designed especially for multiple shipping in the organized supply chain. It includes reusable pallets, racks, containers, etc. that are weatherproof, recyclable, stackable and have long shelf life.
The market is experience demand on account of booming logistics industry. The up rise in international and national trade activities is spurring the market growth. Soaring demand for reusable packaging material across end-users is driving the market growth. Growing demand for processed and packaged food products is also a contributing factor for the growth of returnable packaging.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of returnable packaging.
The broad returnable packaging market has been sub-grouped into product type, material and end-user. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Product Type
- Bulk Containers (IBC)
- Drums & Barrels
- Food & Beverages
- Consumer Durables
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for returnable packaging in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Returnable Packaging Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the returnable packaging market include Brambles, DS Smith, IPL Plastics, Menasha Corporation, Myers Industries, Nefab Group, Rehrig Pacific Company, Schoeller Allibert, Schütz GmbH & Co. KGaA and Vetropack Holding among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.