Returnable Packaging Market Overview

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 are opening new opportunities for the growth of the market.

The global returnable packaging market is presumed to expand at a CAGR of 5.8% during the forecast period (2017-2023), Market Research Future (MRFR) unveils in a detailed report. Returnable packaging is also acknowledged as reusable packaging and is made of durable materials like corrugated plastics and polypropylene. Returnable packaging is exclusively designed for multiple trips having extended shelf-life.

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Key Players

The players dominating the global returnable packaging market include

Schoeller Allibert (Netherlands)
Brambles (Australia)
DS Smith (UK)
Menasha Corporation (US)
Nefab Group (Sweden)
Myers Industries (US)
IPL Plastics (Ireland)
Rehrig Pacific Company (US)
Vetropack Holding (Switzerland)
Schutz GmbH & Co. KGaA (Germany).

Market Research Analysis

For the purpose of this study, the global returnable packaging market has been divided on the basis of four segments namely material, product type, end-use, and region. On the basis of material, the market has been segmented into plastic, metal, wood and others. Under the material segment, plastic accounts for the largest market share. Plastic returnable packaging are preferred due to their extensive flexibility, reusability and cost effectiveness.

On the basis of product type, the market has been segmented into pallets, crates, intermediate bulk containers (IBC), dunnage, drums 7 barrels, bottles, and others. IBC dominate the segment and are expected to grow at the highest CAGR during the forecast period. Rise in demand from various end-use applications like food & beverages and petroleum & lubricants driving the growth of this segment. Pallets segment is also expected to register substantial growth in the forecast period.
On the basis of end-use, the market has been segmented into automotive, food & beverages, pharmaceuticals & healthcare, and consumer goods. Automotive dominates the end-use segment of the market and is expected to grow at the highest CAGR during the forecast period. Increased us of returnable containers by automotive manufactures to transport different parts of automotive components to suppliers and the need for cost reduction for automotive manufactures to handle competition. Food & beverages segment is expected to contribute significantly due to rise in demand for storage and transportation of bulk food products and various beverages.

Regional Analysis

Geographically, the returnable packaging market spans across Europe, North America, Asia Pacific, and Rest of the World (RoW).

Considering the global scenario, Europe is anticipated to expand at the highest CAGR, mainly due to the surging awareness to reduce packaging waste, coupled with the increased demand for bulk transportation. The presence of a strong industrial base in Europe and surging awareness among the consumers regarding sustainable packaging are some of the major factors propelling the growth of the regional market. The market is also influenced by the improving economy and increasing domestic demand for packaged food and beverage items. The growing awareness for reducing packaging waste among the masses is further likely to encourage the market growth in Europe.

North America will experience the fastest growth rate due to rapidly expanding consumer markets and the high availability of natural resources. In this region, the U.S. is considered to be the primary contributor to the market growth. The shifting preferences of large retailers towards block pallets and increased use of reusable packaging in the F&B industry are likely to fuel the market growth in North America.

India and China in the Asia Pacific are anticipated to contribute significantly, owing to the rapid growth in manufacturing activities and industrialization.


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TABLE OF CONTENTS

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Threat Of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power Of Buyers

3.2 Value Chain/Supply Chain Analysis


Continues…..

LIST OF FIGURES

FIGURE 1 Research Process Of MRFR

FIGURE 2 Top Down & Bottom Up Approach

FIGURE 3 Market Dynamics

FIGURE 4 Impact Analysis: Market Drivers

FIGURE 5 Impact Analysis: Market Restraints

Continues…..

For Press Release, Click @ https://www.marketwatch.com/press-release/returnable-packaging-market-2019-global-size-development-strategy-sales-revenue-emerging-trends-competitive-landscape-opportunity-assessment-and-regional-forecast-to-2023-2019-01-22

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