Returnable Packaging Market (By Product Type: Pallets, Crates, Intermediate Bulk Containers (IBCs), Drums & Barrels, Bottles, Dunnage, Others (Racks, Sacks, and Carts & Dollies); By Material Type: Plastic, Metal, Wood, Glass, Foam; By End Use: Automotive, Food & Beverages, Consumer Durables, Healthcare, Others (Aerospace, Construction, Chemical, and Oil & Lubricants)) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 - 2027

Category : Chemicals and Materials | Published at : April-2020 | Delivery Format : PDF | Status: Published | Pages : 190

The global returnable packaging market is anticipated to grow at a CAGR of around 6.4% over the forecast period 2020 to 2027 and to reach around US$ 64.3 Bn by 2027.

Returnable packaging is gaining importance among end use industry manufacturers due to cost effective packaging solution.

Market Dynamics

Rapid industrialization in developed and developing countries, increase in trade activities, coupled with adoption of returnable packaging from manufacturers due to cost-effective solution for logistics this is a major factor expected to drive the growth of the global market. Manufacturers across the globe are focused on lowering the cost associated to logistics and returnable packaging tends to be a better solution.

In addition, stringent government regulation related to impact on environment from transportation sector, couple with returnable packaging having no environment impact and has zero carbon footprints is increasing its demand in various end use industries such as food & beverage, automotive, etc. which is another factor expected to support the growth target market.

Returnable packaging is designed to withstand harsh environment and rough handling which adds an advantage in order to delivery product safely this is attracting major consumer product manufactures. Flourishing e-commerce sector and availability of home delivery option is leading to consumers placing order from overseas. Manufactures are opting returnable packaging for safe and reliable delivery of product.

Moreover, business development activities through strategic merger and acquisitions in order to increase the customer base and enhance the profit ratio is expected to support the growth of target market.

In 2017, Menasha Corporation acquired ARI Packaging a US based company that is supplier of contract packaging and fulfillment services for merchandising packaging and displays used by consumer packaged goods (CPG) companies. This acquisition is expected to increase the customer base and enhance product portfolio.

However, factors such as high initial investment and increased cost associated to logistics for return cycle are limiting the adoption of returnable packaging and thereby hampering the growth of global market. In addition, stringent government regulation related to use of certain products as raw materials such as plastic and woods is expected to challenge the growth of global market. Governments of developing countries have imposed various regulation related to use of plastic, making it difficult for players to enhance the product portfolio.

Increase in investment by major players for R&D activities and innovative product offering is expected to attract new customers, which is expected to create new opportunities for players over the forecast period. In addition, inclination towards emerging economies in order to increase the business presence and increase the revenue share is expected to support the market revenue traction.

Returnable Packaging Market Segment Analysis, 2019

The global returnable packaging market is segmented into product type, material, and end use industry. Among the product type segment the pallets segment is expected to account for significant revenue share. The end use segment is bifurcated into automotive, food & beverages, consumer durables, healthcare, and others (aerospace, construction, chemical, and oil & lubricants).

Segment Analysis by Region

The market in North America is expected to account for major revenue share due to presence of major players operating in the country. In addition, strategic agreements and partnerships activities are expected to support the regional market growth. Moreover, new product offering by the players in order to attract new customers is expected to impact the market growth to a certain extent.

Asia Pacific is expected to witness faster growth in the near future due to increasing presence of major automotive, consumer goods manufactures and due to easy availability of raw material and low cost labor.

Competitive Landscape

The competitive scenario is high due to presence of large number of players operating on global level and major players focus on tracking the untapped market in developing countries.

Report coverage

Market	Global Returnable Packaging Market
Analysis Period	2016 – 2027
Base Year	2019
Forecast Data	2020 – 2027
Market Stratification	Product Type, Material Type, End use Industries, and Geography
Regional Scope	North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Report Coverage	Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis

The market research study on “Returnable Packaging Market (Product Type: Pallets, Crates, Intermediate Bulk Containers (IBCs), Drums & Barrels, Bottles. Dunnage, and Others (Racks, Sacks, and Carts & Dollies); Material Type: Plastic, Metal, Wood, Glass, and Foam; End Use Industries; Automotive, Food & Beverages, Consumer Durables, Healthcare, and Others (Aerospace, Construction, Chemical, and Oil & Lubricants)) – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 - 2026”, offers a detailed insights on the global returnable packaging market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights on global returnable packaging market, its material type, product type, end-use industries segment, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global returnable packaging market size and segment markets by material type, product type, end-use industries, and geography along with the information on companies operating in the market. The returnable packaging market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. For each region, the market size for different segments has been covered under the scope of report. The players profiled in the report Brambles, Schoeller Allibert, Menasha Corporation, DS Smith, Myers Industries, Nefab Group, Rehrig Pacific Company, IPL Plastics, Schutz GmbH & Co. KGaA, and Vetropack Holding.

Market Segmentation

Market By Product Type