Global Returnable Packaging Market accounted for US$ 95.66 billion in 2020 and is estimated to be US$ 159.71 billion by 2030 and is anticipated to register a CAGR of 5.30%. Returnable packaging is also known as returnable transport packaging or reusable packaging because it can be use many times without affecting the quality of packaging. Returnable packaging is made by using long-lasting material such as wood, plastic, glass, metal, and paperboard, and designed for repeated reuse to encourage ease of use, cleaning, durability, and repair, and it can also be designed to face up rough handling throughout the availability chain and are intended for multiple trips. Reusability of packaging is also an important consideration of the environmental credo to reduce, reuse, and recycle, it is important to the movement toward more sustainable packaging. Returnable packaging is encouraged by regulators.
The report " Global Returnable Packaging Market, By Product Type (Pallets, Crates, Intermediate Bulk Containers, Drums & Barrels, Bottles, Dunnage), By Material (Plastic, Metal, Wood, Glass, Foam), By End-use Industry ( Automotive, Food & Beverages, Consumer Durables, Healthcare, and Others) and By Region (North America, Latin America, Europe, Middle East, Asia Pacific, and Africa) - Trends, Analysis and Forecast till 2030”
Key Highlights:
- On 13 September 2021 Tesco launched returnable packaging system for select product ranges. The loop platform facilitates teabags, beverages, cleaning products, and other items to be purchased in reusable and returnable packaging.
- In August 2021, fab Group has launched FiberFlute, an eco-friendly alternative to foam, this new product is a result of the partnership between Nefab Group AB (Nefab) and Corruven Canada Inc. (Corruven). Through Nefab’s global footprint and exclusivity of Corruven’s FiberFlute, customers can preserve their products while minimizing total costs and environmental impact, FiberFlute is different from plastic-based packaging because it is 100% fiber-based and paper-recyclable solution.
- In May 2021, Nefab has increased its footprint in the North American region, the company has continued production sites in Houston (Texas), Gainesville (Florida), and Tucson (Arizona) in the US.
- In March 2021, Suhutz, to meet the requirements in the supply chain and fulfill customer expectations, must add the new Ecobulk MX 560 to its extensive product range. This new IBC has a lower height than standard models and a nominal volume of 560 liters or 150 gallons, which gives ideal for applications where smaller containers are an advantage, but where best performance and the highest quality are also decisive.
Analyst View:
Returnable packaging eliminates packaging waste that is going into landfills and it is highly sustainable. The rising adoption of sustainable packaging solutions by end-user to enhance their brand reputation, including growing regulatory pressure regarding the utilization of plastic packaging is predicted to fuel the market growth. The growth of the returnable packaging systems market is driven by demands from consumer goods, pharmaceuticals, food & beverage, and the automotive industry, because of its robust performance and durability, returnable packaging is used in various end-use applications which increase demand for returnable packaging systems markets. Returnable packaging system are reduces packaging purchase and disposal costs but at the same time, logistics cost is increased due to requiring to control return cycle. Hence higher cost is a factor that could hamper the growth of the market.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Returnable Packaging Market, By Product Type (Pallets, Crates, Intermediate Bulk Containers, Drums & Barrels, Bottles, Dunnage), By Material (Plastic, Metal, Wood, Glass, Foam), By End-use Industry ( Automotive, Food & Beverages, Consumer Durables, Healthcare, and Others) and By Region (North America, Latin America, Europe, Middle East, Asia Pacific, and Africa) - Trends, Analysis and Forecast till 2030”
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Key Market Insights from the report:
Global Returnable Packaging Market accounted for US$ 95.66 billion in 2020 and is estimated to be US$ 159.71 billion by 2030 and is anticipated to register a CAGR of 5.30%. The Global Returnable Packaging Market is segmented by Product type, Material, End-use industry, and Region.
- By Product type, Global Returnable Packaging Market is segmented into Pallets, Crates, Intermediate Bulk Containers, Drums & Barrels, Bottles, Dunnage.
- By Material, Global Returnable Packaging Market is segmented into Plastic, Metal, Wood, Glass, and Foam.
- By End-use Industry, Global Returnable Packaging Market is segmented into Automotive, Food & Beverages, Consumer Durables, Healthcare, and Others.
- By Region, Global Returnable Packaging Market is segmented into North America, Latin America, Europe, Middle East, Asia Pacific, and Africa.
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This report focuses on top manufacturers in global market, Involved the assessment of Sales, price, revenue and market share for each manufacturer, covering• Schoeller Allibert• DS Smith• Nefab Group• SCHuTZ• Mjsolpac• CABKA• Ckdpack Packaging• Tri-Wall Limited• GWP Group Download Free Sample Report @ https://www.radiantinsights.com/research/global-returnable-packaging-market-2020-2026/request-sample On the basis of product, this report displays the Sales, revenue, price, market share and growth rate of each type, primarily split into• Pallets• Crates• Intermediate Bulk Containers (IBCs)• Drums & Barrels• Bottles• Dunnage• Others By Application, this report focuses on Sales, Market share and Growth Rate of each application, can be divided into• Automotive• Food & Beverages• Consumer Durables• Healthcare• Others By Regions, this report splits global market into several key regions, with Sales, Revenue, Price and Gross Margin market share of top players in these regions, from 2014 to 2026 (forecast), like• China• USA• Europe• Japan• Korea• India• Southeast Asia• South America Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/global-returnable-packaging-market-2020-2026 Table of Contents Global Returnable Packaging Market Professional Survey Report 20191 Report Overview1.1 Definition and Specification1.2 Manufacturers and Region Overview1.2.1 Manufacturers Overview1.2.2 Regions Overview1.3 Type Overview1.3.1 Pallets1.3.2 Crates1.3.3 Intermediate Bulk Containers (IBCs)1.3.4 Drums & Barrels1.3.5 Bottles1.3.6 Dunnage1.3.7 Others1.4 Application Overview1.4.1 Automotive1.4.2 Food & Beverages1.4.3 Consumer Durables1.4.4 Healthcare1.4.5 Others1.5 Industrial Chain1.5.1 Returnable Packaging Industrial Chain1.5.2 Upstream1.5.3 Downstream 2.1 The Overall Market Performance(Volume)2.1.1 Pallets2.1.2 Crates2.1.3 Intermediate Bulk Containers (IBCs)2.1.4 Drums & Barrels2.1.5 Bottles2.1.6 Dunnage2.1.7 Others2.2 The Overall Market Performance(Value)2.2.1 Pallets2.2.2 Crates2.2.3 Intermediate Bulk Containers (IBCs)2.2.4 Drums & Barrels2.2.5 Bottles2.2.6 Dunnage2.2.7 Others Continued… Read all Reports of this category @ https://www.radiantinsights.com/catalog/packaging About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.
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