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Returnable Packaging Market

Returnable Packaging Market Size, Share & Trends Analysis Report By Product Type (Pallets, Crates, Intermediate Bulk Containers (Ibcs), Dunnage, Other), Material, And End-Use Industry, By Region, And Segment Forecasts, 2024-2031

Report ID : 1511 | Published : 2024-03-12 | Pages: 140 | Format: PDF/EXCEL

The Global Returnable Packaging Market Size is valued at 115.10 billion in 2023 and is predicted to reach 205.12 billion by the year 2031 at a 7.66% CAGR during the forecast period for 2024-2031.

Key Industry Insights & Findings from the Report:

  • The end-use sectors such as automotive, food and beverage, and consumer durables are anticipated to drive significant demand in the returnable packaging market.
  • The fast-moving consumer products industry's increasing reliance on lightweight and flexible packaging is a key component fueling the current market expansion.
  • North America dominated the market and accounted for a revenue share of global revenue in 2023.
  • The worldwide returnable packaging industry may face obstacles such as high initial investment costs and low adoption rates.

returnable packaging

Returnable packaging, which includes portable solid and bulk containers, pallets, dunnage, shipping racks, and other similar things intended to be reused again, is also known as reusable packaging or returnable transport packing. These containers are manufactured from durable materials like plastic, wood, metal, glass, and paperboard and are intended for multiple uses to promote use, durability, cleaning, and repair.

The demand for sustainable and long-lasting packaging from various end-use industries is driving demand for returnable packaging. The many advantages of returnable packaging are also having a significant impact on its expansion. Because of the factors above, the market is expected to proliferate throughout the forecast period. Rising urbanization, rising disposable income, and high pack size optimization are also likely to contribute to this growth.

Additionally, the rising product demand for items with standard dimensional sizes, like sleeves and boxes, and the simple accessibility of other returnable packaging containers based on customer demand are anticipated to drive the development of the returnable packaging market during the forecast above period.

However, small manufacturers are concerned about the cost-to-benefit ratio, which will restrain the expansion of the returnable packaging market during the projection year.

 Recent Developments:

  • In May 2021, Nefab grew its clientele in the North American market in May 2021. Its business has grown to include the regions of Gainsville in Florida, Tucson in Arizona, and Texas's Houston.
  • In March 2021, Coca-Cola introduced their innovative paper bottle innovation, which might pave the way for a variety of sustainable packaging options. AdeZ's innovative paper bottle is intended to persuade consumers to choose more environmentally friendly packaging.

Competitive Landscape

The key players in the returnable packaging market are:

  • Brambles
  • Schoeller Allibert
  • Menasha Corporation
  • DS SMITH
  • Myers Industries
  • Nefab Groups
  • IPL Plastics
  • Vetropack Holding
  • Schutz Gmbh & Co. KGAA
  • Rehrig Pacific Company
  • Amatech Inc
  • Reusable Transport Packaging
  • Monoflo International
  • Mjsolpac LTD
  • UFP Technologies
  • Plasmix Private Limited
  • Ckdpack Packaging LTD.
  • Multipac Systems
  • TRI-Wall Limited
  • GWP Groups
  • Weigand-Glas Gmbh
  • Mpact Limited
  • Toyo Glass Co.Ltd
  • RPP Containers 

Market Segmentation:

The returnable packaging market is segmented on the product type, material, and end-use industry. On the basis of product type, the market is segmented into pallets, crates, intermediate bulk containers (IBCs), dunnage, drums & barrel, bottles, and others. Based on material, the returnable packaging market is cateinto plastic, metal, wood, glass, and foam. Based on the end-use industry, the returnable packaging market is segmented into food & beverage, automotive, consumer durables, healthcare, and others.

Based on product type, the pallets segment is accounted as a major contributor to the returnable packaging market.

The pallets category grabbed the highest revenue share. It is anticipated that they will continue to hold that position during the anticipated time due to the widespread usage of pallets across various end-use sectors, from food and beverage to oil and lubricants. Due to the former's durability and financial viability, reusable pallets are increasingly preferred to throwaway pallets, which is predicted to boost segment expansion. A new 40 by 48-inch Odyssey Pallet was added to Orbis Corporation's collection of rackable plastic pallets in September 2020. The new pallet is an addition to its line of plastic pallet products intended for use in heavy-duty racking applications. With its distinctive design features, such as moulded-in frictional elements and optional steel reinforcements, the pallet has a long-lasting solution that aids in heavy loads and provides stability.

The plastic segment witnessed growth at a rapid rate.

The plastic category is anticipated to grow significantly over the forecast period. Due to their strength, low weight, good corrosion resistance, and solvent resistance, high-density polyethylene (HDPE) and polypropylene (PP) polymers are frequently used in manufacturing products, including pallets, crates, IBCs, and drums.

Plastic RTP goods often sustain low to no damage when handled roughly by forklifts and other material handling equipment due to their exceptional impact resistance. In addition, the high chemical and weather resistance of RTP plastic products makes them ideal for usage in the food and pharmaceutical sectors.

The Asia Pacific returnable packaging market holds a significant revenue share in the region.

The Asia Pacific returnable packaging market is expected to register the highest market share in revenue in the near future. The presence of various manufacturing companies in countries like China, India, Indonesia, and Vietnam is the primary driver of the regional market. Additionally, the rapid industrialization of the Asia Pacific region is predicted to help the market expansion due to the area's low production costs. In addition, North America is projected to overgrow in the global returnable packaging market.Favorable trade agreements, such as the USMCA between the United States, Canada, and Mexico, are expected to stimulate manufacturing in the region, hence boosting the North American market for returnable packaging.

Returnable Packaging Market Report Scope

Report Attribute

Specifications

Market size value in 2023

USD 115.10 billion

Revenue forecast in 2031

USD 205.12 billion

Growth rate CAGR

CAGR of 7.66% from 2024 to 2031

Quantitative units

Representation of revenue in US$ Million, Volume in Units and CAGR from 2024 to 2031

Historic Year

2019 to 2023

Forecast Year

2024-2031

Report coverage

The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends

Segments covered

Product Type, Material, End-use Industry

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia

Competitive Landscape

Brambles, Schoeller Allibert, Menasha Corporation, DS SMITH, Myers Industries, Nefab Groups, IPL Plastics, Vetropack Holding, Schutz Gmbh & Co. KGAA, Rehrig Pacific Company, Amatech Inc, Reusable Transport Packaging, Monoflo International, Mjsolpac LTD, UFP Technologies, Plasmix Private Limited, Ckdpack Packaging LTD., Multipac Systems, TRI-Wall Limited, GWP Groups, Weigand-Glas Gmbh, Mpact Limited, Toyo Glass Co.Ltd and RPP Containers

Customization scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing and available payment methods

Explore pricing alternatives that are customized to your particular study requirements.

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Returnable Packaging Market Snapshot

Chapter 4. Global Returnable Packaging Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Competitive Landscape & Market Share Analysis

4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Product Type Estimates & Trend Analysis

5.1. by Product Type & Market Share, 2019 & 2031

5.2. Market Size (Value (US$ Mn) & Volume (Units)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Product Type:

5.2.1. Pallets

5.2.2. Crates

5.2.3. Intermediate Bulk Containers (IBCs)

5.2.4. Dunnage

5.2.5. Drums & Barrel

5.2.6. Bottles

5.2.7. Others

Chapter 6. Market Segmentation 2: by Material Estimates & Trend Analysis

6.1. by Material & Market Share, 2019 & 2031

6.2. Market Size (Value (US$ Mn) & Volume (Units)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Material:

6.2.1. Plastic

6.2.2. Metal

6.2.3. Wood

6.2.4. Glass

6.2.5. Foam

Chapter 7. Market Segmentation 3: by End-user Estimates & Trend Analysis

7.1. by End-user & Market Share, 2019 & 2031

7.2. Market Size (Value (US$ Mn) & Volume (Units)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by End-user:

7.2.1. Food & Beverage

7.2.2. Automotive

7.2.3. Consumer Durables

7.2.4. Healthcare

7.2.5. Others

Chapter 8. Returnable Packaging Market Segmentation 4: Regional Estimates & Trend Analysis

8.1. North America

8.1.1. North America Returnable Packaging Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by Product Type, 2024-2031

8.1.2. North America Returnable Packaging Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by Material, 2024-2031

8.1.3. North America Returnable Packaging Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by End-user, 2024-2031

8.1.4. North America Returnable Packaging Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by country, 2024-2031

8.2. Europe

8.2.1. Europe Returnable Packaging Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by Product Type, 2024-2031

8.2.2. Europe Returnable Packaging Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by Material, 2024-2031

8.2.3. Europe Returnable Packaging Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by End-user, 2024-2031

8.2.4. Europe Returnable Packaging Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by country, 2024-2031

8.3. Asia Pacific

8.3.1. Asia Pacific Returnable Packaging Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by Product Type, 2024-2031

8.3.2. Asia Pacific Returnable Packaging Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by Material, 2024-2031

8.3.3. Asia-Pacific Returnable Packaging Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by End-user, 2024-2031

8.3.4. Asia Pacific Returnable Packaging Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by country, 2024-2031

8.4. Latin America

8.4.1. Latin America Returnable Packaging Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by Product Type, 2024-2031

8.4.2. Latin America Returnable Packaging Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by Material, 2024-2031

8.4.3. Latin America Returnable Packaging Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by End-user, 2024-2031

8.4.4. Latin America Returnable Packaging Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by country, 2024-2031

8.5. Middle East & Africa

8.5.1. Middle East & Africa Returnable Packaging Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by Product Type, 2024-2031

8.5.2. Middle East & Africa Returnable Packaging Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by Material, 2024-2031

8.5.3. Middle East & Africa Returnable Packaging Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by End-user, 2024-2031

8.5.4. Middle East & Africa Returnable Packaging Market Revenue (US$ Million) & Volume (Units) Estimates and Forecasts by country, 2024-2031

Chapter 9. Competitive Landscape

9.1. Major Mergers and Acquisitions/Strategic Alliances

9.2. Company Profiles

 9.2.1. Brambles

9.2.2. Schoeller Allibert

9.2.3. Menasha Corporation

9.2.4. DS SMITH

9.2.5. Myers Industries

9.2.6. Nefab Groups

9.2.7. IPL Plastics

9.2.8. Vetropack Holding

9.2.9. Schutz Gmbh & Co. KGAA

9.2.10. Rehrig Pacific Company

9.2.11. Amatech Inc

9.2.12. Reusable Transport Packaging

9.2.13. Monoflo International

9.2.14. Mjsolpac LTD

9.2.15. UFP Technologies

9.2.16. Plasmix Private Limited

9.2.17. Ckdpack Packaging LTD.

9.2.18. Multipac Systems

9.2.19. TRI-Wall Limited

9.2.20. GWP Groups

9.2.21. Weigand-Glas Gmbh

9.2.22. Mpact Limited

9.2.23. Toyo Glass Co.Ltd

9.2.24. RPP Containers

9.2.25. Other Prominent Players

Global Returnable Packaging Market By Product Type

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

returnable packaging

Global Returnable Packaging Market By Material

  • Plastic
  • Metal
  • Wood
  • Glass
  • Foam

 Global Returnable Packaging Market By End-Use Industry

  • Food & Beverage
  • Automotive
  • Consumer Durables
  • Healthcare
  • Others

Global Returnable Packaging Market By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Frequently Asked Questions

How big is the Returnable Packaging Market?

Returnable Packaging Market is expected to grow at a 7.66% CAGR during the forecast period for 2024-2031.

Brambles, Schoeller Allibert, Menasha Corporation, DS SMITH, Myers Industries, Nefab Groups, IPL Plastics, Vetropack Holding, Schutz Gmbh & Co. KGAA,

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