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, 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. |