Returnable packaging is also termed as reusable packaging that is made of durable materials like polypropylene and corrugated plastics. It is designed for multiple trips and has extended shelf-life. Various features associated with returnable packaging are cost effectiveness, improved product safety and reusability. The increasing demand for returnable packaging from various end-use industries such as food & beverages, consumer goods, and automotive, and increasing urban population are expected to drive the growth of the market across the globe. Returnable packaging offer extensive flexibility, reusability, durability and cost effectiveness. One of the major factors driving the returnable packaging market is improved product protection and reduced environmental impact by returnable packaging.

Hence, the global returnable packaging market is expected to grow at a CAGR of 5.8% during the forecast period.

European region dominates the global returnable packaging market

Geographically, the global returnable packaging market has been divided into four major regions namely North America, Europe, Asia-Pacific, and the rest of the world. Europe accounted for the largest market share, in 2017, followed by the North America and Asia-Pacific. Increased awareness about sustainable packaging and strong industrial base are driving the growth of the market in Europe. In North America, expanding consumer markets and abundantly available natural resources are the factors driving the growth of returnable packaging market in this region.

Europe is expected to grow at the highest CAGR during the forecast period. Increasing awareness to reduce packaging waste and demand for bulk transportation market, are driving the demand of the returnable packaging market. In Asia-Pacific, China, Japan, and India are the major markets due to rapid growth in industralization and increasing GDP of the economies. Additionally, growth in food & beverage industry and transportation of agrochemicals can provide a lucrative opportunity for market growth. The Middle East region is expected to contribute significantly during the forecast period mainly due to large-scale petroleum exports.

Segmentation

The returnable packaging market segment study is based on product type, material, and end-use.

By material, the market is segmented into metal, plastic, wood, and others. The plastic material segment is expected to direct the market. Flexibility and reusability of plastic returnable packaging is expected to benefit the market.

By product type, the market is segmented into crates, pallets, intermediate bulk containers (IBC), dunnage, bottles, drums & barrels, and others. The IBC segment is likely to direct market growth. the rise in demand for IBC across various end-users is contributing to the expansion of the market. The market is expected to capitalize on IBC’s features, such as high strength, better durability, and improve shelf-life. The pallets segment is also expected to contribute to the market growth.

By end-use, the market is segmented into food & beverages, pharmaceuticals & healthcare, automotive, and consumer goods. The automotive segment to hold command on the market. It is expected to thrive at a high CAGR through the review period. An increase in the use of returnable containers by automakers to transport automobile parts to suppliers is likely to favor the market.

Ask for your specific company profile and country level customization on reports.

The prominent players in the returnable packaging market include Brambles (Australia), Schoeller Allibert (Netherlands), Menasha Corporation (US), DS Smith (UK), Myers Industries (US), Nefab Group (Sweden), Rehrig Pacific Company (US), IPL Plastics (Ireland), Schutz GmbH & Co. KGaA (Germany), and Vetropack Holding (Switzerland) among others.

Read More :

https://www.4shared.com/office/2u9I_Slbea/Beverage_Packaging_Market__2_.html

https://www.mediafire.com/file/null/Packaging_Printing_Market.pdf/file

https://www.mediafire.com/file/0jqmh26rpdaa15l/Ampoules_Packaging_Market_2.pdf/file

https://www.docdroid.net/h1mo2iP/sterilized-packaging-market.pdf

https://www.4shared.com/office/SIfXci_Xea/Biodegradable_Mulch_Films_Mark.html

https://www.mediafire.com/file/j17wi8f06xnxsy4/Insulated_Packaging_Market_2.pdf/file