Global returnable packaging market

Increasing demand for returnable and recyclable packaging from the end-user industries such as food and beverage, automotive and grocery sector due to the rising importance of reuse and recycle among the organizations as well as among the customers is a major factors fueling the growth of global returnable packaging market over the forecast period. The traditional packaging items contain use of plastic polymers and other items which cause harm to the environment. Hence, growing importance of keeping the environment clean and avoiding the consumption of non degradable and non renewable sources of energy is further crating opportunities for the growth of global returnable packaging market.

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The global returnable packaging market size is projected to reach nearly USD 69.0 billion by 2028. Additionally, the market is forecasted to grow a CAGR of above 6.2% over the forecast period of 2020-2028.

Ecommerce and online delivery platforms are witnessing high growth over the past few years owing to rising urbanization, high smart phone penetration, availability of internet across most of the regions as well as high requirement of comfort and convenience that is caused by these delivery platforms over just one clicks is further fueling the ecommerce sectors, contributing to the growth of global returnable packaging market in the coming years. Further, rising food delivery apps to offer food in just a few minutes of ordering it is also positively impacting the growth of global returnable packaging market. Also, the offers and rewards given by these delivery applications is attracting more and more customers, along with high disposable income of individuals, rising diversity in various regions is contributing to the growth of global returnable packaging market through forecast duration.

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However, the growing prevalence of COVID-19 pandemic is causing disruptions in the supply chain and other economic activities along with imposition of travel bans which is causing delays in delivering these items, thereby hampering the market growth in recent times. On the other hand, rising need for social distancing and shutdown of factories and malls is increasing people’s preference for online delivery, contributing to the industry growth,

The global returnable packaging market size is projected to reach nearly USD 69.0 billion by 2028. Additionally, the market is forecasted to grow a CAGR of above 6.2% over the forecast period of 2020-2028. The growth of the returnable packaging market across the globe is projected to be driven by growing demand for returnable packaging from various end-use industries such as food & beverage, consumer durables, and automobile, and by increasing urban populations.

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The major players of the global returnable packaging market are Schoeller Allibert, Brambles, Menasha Corporation, DS Smith, Nefab Group, Myers Industries, and Rehrig Pacific Company. Moreover, the market comprises several other prominent players in the returnable packaging market as Schutz GmbH & Co. KGaA, IPL Plastics, and Vetropack Holding. The major players in the market comes up with some of the developments to enhance the market growth in the global industry.

Segment Overview of Global Returnable packaging Market

Product Type Overview, 2018-2028 (USD Billion, Million Tons)

Pallets
Crates
Intermediate Bulk Containers (IBCs)
Drums & Barrels
Bottles
Dunnage
Others

Material Overview, 2018-2028 (USD Billion, Million Tons)

Plastic
Metal
Wood
Glass
Foam

End Use Type Overview, 2018-2028 (USD Billion, Million Tons)

Automotive
Food & Beverages
Consumer Durables
Healthcare
Others

Regional Overview, 2018-2028 (USD Million, Million Tons)

North America

U.S.
Canada

Europe

UK
Germany
France
Rest of Europe

Asia Pacific

China
Japan
India
Rest of Asia-Pacific

Middle East and Africa

UAE
South Africa
Rest of Middle East and Africa

South America

Brazil
Rest of South America

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