Returnable Packaging market is accounted for USD 97 billion in 2020, growing at a robust CAGR of 6.7% during forecast period

Introduction of the Returnable Packaging Market Report

Returnable packaging refers to a system of reusable racks, pallets, bins, and dunnage that help in moving products safely and efficiently all through the supply chain. These packaging systems are designed using recyclable and durable materials including wood, plastic, and metal and are primarily used for shipping raw materials, commodities, and ingredients.

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Market Dynamic

Key Drivers and Emerging Trends

The increasing demand for low-cost transportation in the business-to-business sector, the growth of the e-commerce industry coupled with the increase in home delivery applications, and the rising end-use industries including food & beverages, automotive, pharmaceutical, and others are expected to drive the growth of the returnable packaging market size over the forecast period. In addition, returnable packaging provides high durability, sustainability, prevention of waste, reduction in costs for return shipments, strong exterior packaging solutions, security, and protection of goods. Moreover, the Reusable Packaging Association and the Reusable Industrial Packaging Association are further promoting sustainable industrial packaging solutions and services, which are expected to provide growth and development opportunities to the returnable packaging market share over the forecast period.

Restraint in the Returnable Packaging Market

However, fluctuation in prices of raw materials is expected to restraint the growth of the market. Additionally, high upfront cost and heavy packaging may further hamper the returnable packaging market growth.

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Material – Segment Analysis

Based on the material, plastic is expected to hold a notable share in the market over the forecast period owing to its robustness, hygiene, and protection from moisture, dust, and other harmful environmental exposures. Moreover, according to Plastic Oceans International, the packaging is one of the largest end-use markets for plastic and it holds for over 40% of total plastic usage.

Product – Segment Analysis

Based on the product, the pallet is expected to hold a large market share primarily due to its benefits including size standardization, protection of goods from the bottom up, efficient storage of products in warehouses, and reduced risk of breaking. Additionally, the increasing use of reusable pallets for logistic operations in industries including wine & beverages, medical equipment, automobile, furniture, food distribution, and others are further expected to accelerate the market growth.

End-Use Industry – Segment Analysis

Based on the end-use industry, healthcare is expected to grow at a notable CAGR in the returnable packaging market over the forecast period owing to the benefits of reusable packaging for pharmaceutical that include the ability to combine refrigerated and controlled room temperature products on the same truck, reduced product damage, and waste reduction. Moreover, the increase in the use of reusable pallets, and health and beauty aid (HBA) totes to distribute pharmaceutical products to retail is further contributing to the growth and development of the market.

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Regional – Segment Analysis:

North America is expected to hold a high share in the returnable packaging market during the forecast period. This can be attributed to the high disposable income of consumers together with the increasing demand for safe transportation of food & beverage products, medicines, and others. Moreover, the presence of leading companies including Menasha Corporation, Myers Industries, Inc., and Orbis Corporation is expected to propel the growth of the returnable packaging market share in North America.

Top Market Players

Several leading Returnable Packaging companies operating in the market, include Brambles Limited, Nefab Group, Schoeller Allibert, Menasha Corporation, DS Smith, Myers Industries, Inc., Orbis Corporation, PPS Midlands Limited, Tri-pack Packaging Systems Ltd., and Amatech Inc. among others.

Key Developments:

• • In 2021, Nefab Group, an industrial packaging manufacturer opened three new sites in the U.S. in Florida, Houston, Texas Gainesville, and Tucson, Arizona.

Segments covered in the Report:

The global Returnable Packaging market has been segmented on the material, product, end-use industry, and key regions. Based on the material, the market is segmented into organic, and inorganic. Based on the product, the market is segmented into plastic, paints, pulp and paper, and others. Based on the end-use industry, the market is segmented into construction, automotive, healthcare, food and beverage, and others.

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Key questions answered in this research report:

• • At what pace is global Returnable Packaging market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Returnable Packaging Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Returnable Packaging Market?
  • Which product generated maximum revenues in 2020 and identify the most promising product during the forecast period?
  • What are the various end-use industries of global Returnable Packaging Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Returnable Packaging Market by Material

• • Plastic
  • Metal
  • Wood

Global Returnable Packaging Market by Product

• • Pallets
  • Crates
  • IBCs
  • Drums & Barrels
  • Dunnage
  • Others

Global Returnable Packaging Market by End-Use Industry

• • Food & Beverages
  • Automotive
  • Consumer Durables
  • Healthcare
  • Others

Global Returnable Packaging Market by Region

• • North America Returnable Packaging Market (Option 1: As a part of the free 25% customization)
    • By Material
    • By Product
    • By End-Use Industry
    • US Market All-Up
    • Canada Market All-Up
  • Europe Returnable Packaging Market (Option 2: As a part of the free 25% customization)
    • By Material
    • By Product
    • By End-Use Industry
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Returnable Packaging Market (Option 3: As a part of the free 25% customization)
    • By Material
    • By Product
    • By End-Use Industry
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Returnable Packaging Market (Option 4: As a part of the free 25% customization)
    • By Material
    • By Product
    • By End-Use Industry
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Returnable Packaging Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Brambles Limited
  • Nefab Group
  • Schoeller Allibert
  • Menasha Corporation 
  • DS Smith
  • Myers Industries, Inc.
  • Orbis Corporation
  • PPS Midlands Limited
  • Tri-pack Packaging Systems Ltd.
  • Amatech Inc.