According to the new report published by Sprint Stat Research, the global returnable packaging market was valued at USD 41 Billion in 2018 and is projected to reach USD 67 Billion by 2025, at a growth rate of 7% in 2019-2025.
Returnable packaging is a type of packaging solution that delivers the product to the concerned person and returns the packaging of the product to the respective owner. Effective returnable packaging provides a safer, secure and cost effective delivery of products as it closes the loop of the supply chain. With increasing awareness among the population about sustainability and with the increasing demand for FMCG and other end use industries, returnable packaging market would command a positive growth rate in the future.
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Rising urbanization of the world led to significant increase in consumer spending and which in turn will support growth of the returnable packaging systems market. In terms of both value and volume the European region is set to lead in the forecasted period. This is because of increased awareness of environmental initiatives and consumers tendency to favor such companies and also because of the established industrialization in this region.
The returnable packaging market is segmented on the basis of end user, product, material, and region. Based on product, the global returnable packaging market is divided into drums & barrels, dunnage, pallets, bottles, and others. Foam, plastic, metal, wood, and glass are some of the materials analysed in the global returnable packaging market. On the basis of end user, the global returnable packaging market bifurcated into healthcare, automotive, consumer goods, food & beverages, and others. Region wise, the returnable packaging market is categorized into Asia Pacific, Middle East & Africa, Latin America, North America, and Europe with its major countries.
Major players profiled in the report are Menasha Corporation, DS Smith, Myers Industries, Nefab Group, Rehrig Pacific Company, Schütz GmbH & Co. KGaA, Vetropack Holding, IPL Plastics, Schoeller Allibert, Brambles, and others.
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This research report provides in-depth assessment of returnable packaging market driving factors and features. The report highlights detailed analysis of this market across various countries in the region. It provides a market outlook for 2018-2025 and sets the forecast within the context of returnable packaging market, including latest technological developments as well as offerings in the market.
The report also presents a detailed overview on market segmentation. Overall, this research report shows historic, on-going, and estimated market analysis in terms of value and volume, analysis of niche industry developments and market share analysis. Detailed profiles of industry players are also included in the scope of the report to evaluate their business strategies, key offerings, and recent developments in the returnable packaging market space.
The report segments the global returnable packaging market as follows:
- Drums & Barrels
End User Outlook
- Consumer Goods
- Food & Beverages
- North America
- United States
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA