PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1258880
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1258880
Returnable Packaging Market Forecasts to 2028 - Global Analysis By Material, Product (Dunnage, Drums, Pallets, Barrels, Intermediate Bulk Containers, Crates, Other Products), Component, End User and Geography
According to Stratistics MRC, the Global Returnable Packaging Market is accounted for $113.5 billion in 2022 and is expected to reach $182.1 billion by 2028 growing at a CAGR of 8.2% during the forecast period. Returnable packing is made up of durable items including pallets, crates, IBCs, drums, and barrels that are meant to be used on several journeys. Because they are comprised of durable materials like polypropylene, high-density polyethylene, metal, and wood, these items are more expensive than single-use packaging because they are meant to endure rough treatment throughout the supply chain. Returnable packaging, however, is reusable several times, eliminating the ongoing expenses of product packaging and increasing its profitability over time.
According to the 2021 Global Buying Green Report, by Trivium Packaging, a Netherlands-based high-quality and infinitely recyclable metal packaging provider, a survey of end users in Europe, North America, and South America, from which 83% of consumers among the younger generations showed a willingness to pay more for sustainable packaging in 2021 as compared to 70% in the previous year.
Market Dynamics:
Driver:
Growing consumer demand in developing economies
There has been a substantial increase in demand for consumer durables and food & drinks due to the onset of urbanisation and the population's rising disposable income. This demand has been further boosted by the e-commerce boom and rising internet usage. Returnable packaging need may rise in tandem with rising consumer demand. Long-term operational cost reductions from returnable packing lead to higher profit margins and the expanding use of returnable packaging in underdeveloped nations.
Restraint:
Integration with existing supply chain logistics
Single-use packaging options are common in the current supply chains. There is no procedure that entails the consumer returning packaging to the vendor or supplier. It is necessary to streamline and effectively integrate the management of returnable packaging into the current supply chain processes. Efficiency may be achieved and returnable packing can be optimised using a cooperative and collaborative approach.
Opportunity:
Increasing demand for sustainable packaging
The urgent need for incorporating sustainability development models has been caused by the growing knowledge of climate change, environmental deterioration, and its serious effects on humanity. Single-use and disposable packaging harms the environment since it cannot decompose. Micro plastics made from single-use packaging materials persist in the environment for millions of years, infiltrate the food chain through water, and eventually reach people, posing serious health risks. Due to the enormous global need for packaging, daily production of packaging trash is also enormous. Reusable and ecologically friendly returnable packaging helps to cut down on everyday waste production.
Threat:
High installation costs
Growth of the returnable packaging market would be constrained by the high capital expense needed. Compared to single-use packaging, returnable packaging has a lower cost per trip. Nevertheless, the latter is more expensive because the expenditures of the return journey are added to the operating expenses. Due to its high cost, small and medium businesses cannot afford to use returnable packaging. These businesses make up the majority of the market potential, which will go undeveloped due to high installation costs.
COVID-19 Impact:
The spread of COVID-19 has had a negative impact on the market. Several end-use sectors have shut down as a result of the epidemic, and sales of non-essential goods have significantly decreased. Other industries, like automotive, oil & gas, and consumer electronics, have had significantly weaker consumption during the second and third quarters of 2020 than the food, beverage, and medicines sectors. The use of plastic packaging has increased due to its durability and affordability, as well as the fact that it aids in preventing the transmission of illness.
The plastic segment is expected to be the largest during the forecast period
The plastic segment is estimated to have a lucrative growth. High-density polyethylene (HDPE) and polypropylene (PP) polymers are often used in the construction of items including pallets, crates, IBCs, and drums due to their durability, low weight, excellent corrosion resistance, and solvent resistance. Additionally, goods constructed of RTP based on plastic sustain minimal to no harm when handled harshly by forklifts as well as other material handling equipment due of their high impact resistance. RTP plastic products also offer excellent chemical & weather resistance, which makes them appropriate to be employed in the food and pharmaceutical sectors.
The Healthcare segment is expected to have the highest CAGR during the forecast period
The Healthcare segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the advantages it provides, returnable packaging is increasingly being used in the healthcare and pharmaceutical sectors. It lowers inventory costs, does away with the need for supplementary packing, and helps safeguard goods from harm while in transportation. Also, by making it easier for businesses to track items, it might hasten product recalls.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the expansion of the manufacturing sector in emerging nations like China and India due to their low production costs. In addition, it is predicted that increased industrialization brought on by efficient manufacturing would fuel regional growth. The expansion of the returnable packaging industry is partly attributed to increasing governmental efforts focused on sustainability.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period. Supporting trade agreements like the USMCA are predicted to stimulate manufacturing in nations like Canada, Mexico, and the United States, which is predicted to increase the need for returnable packaging. The market in this area is also being driven by factors including awareness of and concerns about sustainable packaging technology. Furthermore, it is anticipated that the market for returnable packaging would be driven by the rising urbanisation and industrialisation of emerging nations.
Key players in the market:
Some of the key players profiled in the Returnable packaging Market include: Plastic Packaging Solutions Midlands & East Ltd., Lamar Packaging Systems, Returnable Packaging Resource Inc., ORBIS Corporation, Integra packaging, Schoeller Allibert Services BV, Toyo Glass Co.Ltd, Reusable Transport Packaging, Coca-Cola, Nefab, Tri-Pack Plastics Ltd. and Celina Industries.
Key Developments:
In September 2021, Schoeller Allibert has introduced a pallet box made from recycled fishing nets. With this upcycling result, the company is reinforcing its sustainability strategy in recent years. Under the motto 'Making plastic packaging too good to waste,' the company further focuses on increasing the sustainable benefits of its packaging products.
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.
In May 2020, Schoeller Allibert has launched a JumboNest, a sustainable, hygienic, and fully stackable and designed to maximize freight storage, returnable packaging product. The launched product is food safe, robust, and manufactured to withstand extreme temperatures from 44.6° F to +104°F and is a suitable choice for industries including food & food processing, beverage, agriculture, retail, industrial manufacturing, and recycling.
Materials Covered:
- Wood
- Plastic
- Metal
- Other Materials
Products Covered:
- Dunnage
- Drums
- Pallets
- Barrels
- Intermediate Bulk Containers (IBCs)
- Crates
- Other Products
End Users Covered:
- Automotive
- Healthcare
- Food & Beverage
- Consumer Durables
- Other End Users
Regions Covered:
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia
- New Zealand
- South Korea
- Rest of Asia Pacific
- South America
- Argentina
- Brazil
- Chile
- Rest of South America
- Middle East & Africa
- Saudi Arabia
- UAE
- Qatar
- South Africa
- Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
- Company Profiling
- Comprehensive profiling of additional market players (up to 3)
- SWOT Analysis of key players (up to 3)
- Regional Segmentation
- Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
- Competitive Benchmarking
- Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
- 2.1 Abstract
- 2.2 Stake Holders
- 2.3 Research Scope
- 2.4 Research Methodology
- 2.4.1 Data Mining
- 2.4.2 Data Analysis
- 2.4.3 Data Validation
- 2.4.4 Research Approach
- 2.5 Research Sources
- 2.5.1 Primary Research Sources
- 2.5.2 Secondary Research Sources
- 2.5.3 Assumptions
3 Market Trend Analysis
- 3.1 Introduction
- 3.2 Drivers
- 3.3 Restraints
- 3.4 Opportunities
- 3.5 Threats
- 3.6 Product Analysis
- 3.7 End User Analysis
- 3.8 Emerging Markets
- 3.9 Impact of Covid-19
4 Porters Five Force Analysis
- 4.1 Bargaining power of suppliers
- 4.2 Bargaining power of buyers
- 4.3 Threat of substitutes
- 4.4 Threat of new entrants
- 4.5 Competitive rivalry
5 Global Returnable Packaging Market, By Material
- 5.1 Introduction
- 5.2 Wood
- 5.3 Plastic
- 5.4 Metal
- 5.5 Other Materials
6 Global Returnable Packaging Market, By Product
- 6.1 Introduction
- 6.2 Dunnage
- 6.3 Drums
- 6.4 Pallets
- 6.5 Barrels
- 6.6 Intermediate Bulk Containers (IBCs)
- 6.7 Crates
- 6.8 Other Products
7 Global Returnable Packaging Market, By End User
- 7.1 Introduction
- 7.2 Automotive
- 7.3 Healthcare
- 7.4 Food & Beverage
- 7.5 Consumer Durables
- 7.6 Other End Users
8 Global Returnable Packaging Market, By Geography
- 8.1 Introduction
- 8.2 North America
- 8.2.1 US
- 8.2.2 Canada
- 8.2.3 Mexico
- 8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 Italy
- 8.3.4 France
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 Japan
- 8.4.2 China
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 New Zealand
- 8.4.6 South Korea
- 8.4.7 Rest of Asia Pacific
- 8.5 South America
- 8.5.1 Argentina
- 8.5.2 Brazil
- 8.5.3 Chile
- 8.5.4 Rest of South America
- 8.6 Middle East & Africa
- 8.6.1 Saudi Arabia
- 8.6.2 UAE
- 8.6.3 Qatar
- 8.6.4 South Africa
- 8.6.5 Rest of Middle East & Africa
9 Key Developments
- 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
- 9.2 Acquisitions & Mergers
- 9.3 New Product Launch
- 9.4 Expansions
- 9.5 Other Key Strategies
10 Company Profiling
- 10.1 Plastic Packaging Solutions Midlands & East Ltd.
- 10.2 Lamar Packaging Systems
- 10.3 Returnable Packaging Resource Inc.
- 10.4 ORBIS Corporation
- 10.5 Integra packaging
- 10.6 Schoeller Allibert Services BV
- 10.7 Toyo Glass Co.Ltd
- 10.8 Reusable Transport Packaging
- 10.9 Coca-Cola
- 10.10 Nefab
- 10.11 Tri-Pack Plastics Ltd.
- 10.12 Celina Industries
List of Tables
- Table 1 Global Returnable Packaging Market Outlook, By Region (2020-2028) ($MN)
- Table 2 Global Returnable Packaging Market Outlook, By Material (2020-2028) ($MN)
- Table 3 Global Returnable Packaging Market Outlook, By Wood (2020-2028) ($MN)
- Table 4 Global Returnable Packaging Market Outlook, By Plastic (2020-2028) ($MN)
- Table 5 Global Returnable Packaging Market Outlook, By Metal (2020-2028) ($MN)
- Table 6 Global Returnable Packaging Market Outlook, By Other Materials (2020-2028) ($MN)
- Table 7 Global Returnable Packaging Market Outlook, By Product (2020-2028) ($MN)
- Table 8 Global Returnable Packaging Market Outlook, By Dunnage (2020-2028) ($MN)
- Table 9 Global Returnable Packaging Market Outlook, By Drums (2020-2028) ($MN)
- Table 10 Global Returnable Packaging Market Outlook, By Pallets (2020-2028) ($MN)
- Table 11 Global Returnable Packaging Market Outlook, By Barrels (2020-2028) ($MN)
- Table 12 Global Returnable Packaging Market Outlook, By Intermediate Bulk Containers (IBCs) (2020-2028) ($MN)
- Table 13 Global Returnable Packaging Market Outlook, By Crates (2020-2028) ($MN)
- Table 14 Global Returnable Packaging Market Outlook, By Other Products (2020-2028) ($MN)
- Table 15 Global Returnable Packaging Market Outlook, By End User (2020-2028) ($MN)
- Table 16 Global Returnable Packaging Market Outlook, By Automotive (2020-2028) ($MN)
- Table 17 Global Returnable Packaging Market Outlook, By Healthcare (2020-2028) ($MN)
- Table 18 Global Returnable Packaging Market Outlook, By Food & Beverage (2020-2028) ($MN)
- Table 19 Global Returnable Packaging Market Outlook, By Consumer Durables (2020-2028) ($MN)
- Table 20 Global Returnable Packaging Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 21 North America Returnable Packaging Market Outlook, By Country (2020-2028) ($MN)
- Table 22 North America Returnable Packaging Market Outlook, By Material (2020-2028) ($MN)
- Table 23 North America Returnable Packaging Market Outlook, By Wood (2020-2028) ($MN)
- Table 24 North America Returnable Packaging Market Outlook, By Plastic (2020-2028) ($MN)
- Table 25 North America Returnable Packaging Market Outlook, By Metal (2020-2028) ($MN)
- Table 26 North America Returnable Packaging Market Outlook, By Other Materials (2020-2028) ($MN)
- Table 27 North America Returnable Packaging Market Outlook, By Product (2020-2028) ($MN)
- Table 28 North America Returnable Packaging Market Outlook, By Dunnage (2020-2028) ($MN)
- Table 29 North America Returnable Packaging Market Outlook, By Drums (2020-2028) ($MN)
- Table 30 North America Returnable Packaging Market Outlook, By Pallets (2020-2028) ($MN)
- Table 31 North America Returnable Packaging Market Outlook, By Barrels (2020-2028) ($MN)
- Table 32 North America Returnable Packaging Market Outlook, By Intermediate Bulk Containers (IBCs) (2020-2028) ($MN)
- Table 33 North America Returnable Packaging Market Outlook, By Crates (2020-2028) ($MN)
- Table 34 North America Returnable Packaging Market Outlook, By Other Products (2020-2028) ($MN)
- Table 35 North America Returnable Packaging Market Outlook, By End User (2020-2028) ($MN)
- Table 36 North America Returnable Packaging Market Outlook, By Automotive (2020-2028) ($MN)
- Table 37 North America Returnable Packaging Market Outlook, By Healthcare (2020-2028) ($MN)
- Table 38 North America Returnable Packaging Market Outlook, By Food & Beverage (2020-2028) ($MN)
- Table 39 North America Returnable Packaging Market Outlook, By Consumer Durables (2020-2028) ($MN)
- Table 40 North America Returnable Packaging Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 41 Europe Returnable Packaging Market Outlook, By Country (2020-2028) ($MN)
- Table 42 Europe Returnable Packaging Market Outlook, By Material (2020-2028) ($MN)
- Table 43 Europe Returnable Packaging Market Outlook, By Wood (2020-2028) ($MN)
- Table 44 Europe Returnable Packaging Market Outlook, By Plastic (2020-2028) ($MN)
- Table 45 Europe Returnable Packaging Market Outlook, By Metal (2020-2028) ($MN)
- Table 46 Europe Returnable Packaging Market Outlook, By Other Materials (2020-2028) ($MN)
- Table 47 Europe Returnable Packaging Market Outlook, By Product (2020-2028) ($MN)
- Table 48 Europe Returnable Packaging Market Outlook, By Dunnage (2020-2028) ($MN)
- Table 49 Europe Returnable Packaging Market Outlook, By Drums (2020-2028) ($MN)
- Table 50 Europe Returnable Packaging Market Outlook, By Pallets (2020-2028) ($MN)
- Table 51 Europe Returnable Packaging Market Outlook, By Barrels (2020-2028) ($MN)
- Table 52 Europe Returnable Packaging Market Outlook, By Intermediate Bulk Containers (IBCs) (2020-2028) ($MN)
- Table 53 Europe Returnable Packaging Market Outlook, By Crates (2020-2028) ($MN)
- Table 54 Europe Returnable Packaging Market Outlook, By Other Products (2020-2028) ($MN)
- Table 55 Europe Returnable Packaging Market Outlook, By End User (2020-2028) ($MN)
- Table 56 Europe Returnable Packaging Market Outlook, By Automotive (2020-2028) ($MN)
- Table 57 Europe Returnable Packaging Market Outlook, By Healthcare (2020-2028) ($MN)
- Table 58 Europe Returnable Packaging Market Outlook, By Food & Beverage (2020-2028) ($MN)
- Table 59 Europe Returnable Packaging Market Outlook, By Consumer Durables (2020-2028) ($MN)
- Table 60 Europe Returnable Packaging Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 61 Asia Pacific Returnable Packaging Market Outlook, By Country (2020-2028) ($MN)
- Table 62 Asia Pacific Returnable Packaging Market Outlook, By Material (2020-2028) ($MN)
- Table 63 Asia Pacific Returnable Packaging Market Outlook, By Wood (2020-2028) ($MN)
- Table 64 Asia Pacific Returnable Packaging Market Outlook, By Plastic (2020-2028) ($MN)
- Table 65 Asia Pacific Returnable Packaging Market Outlook, By Metal (2020-2028) ($MN)
- Table 66 Asia Pacific Returnable Packaging Market Outlook, By Other Materials (2020-2028) ($MN)
- Table 67 Asia Pacific Returnable Packaging Market Outlook, By Product (2020-2028) ($MN)
- Table 68 Asia Pacific Returnable Packaging Market Outlook, By Dunnage (2020-2028) ($MN)
- Table 69 Asia Pacific Returnable Packaging Market Outlook, By Drums (2020-2028) ($MN)
- Table 70 Asia Pacific Returnable Packaging Market Outlook, By Pallets (2020-2028) ($MN)
- Table 71 Asia Pacific Returnable Packaging Market Outlook, By Barrels (2020-2028) ($MN)
- Table 72 Asia Pacific Returnable Packaging Market Outlook, By Intermediate Bulk Containers (IBCs) (2020-2028) ($MN)
- Table 73 Asia Pacific Returnable Packaging Market Outlook, By Crates (2020-2028) ($MN)
- Table 74 Asia Pacific Returnable Packaging Market Outlook, By Other Products (2020-2028) ($MN)
- Table 75 Asia Pacific Returnable Packaging Market Outlook, By End User (2020-2028) ($MN)
- Table 76 Asia Pacific Returnable Packaging Market Outlook, By Automotive (2020-2028) ($MN)
- Table 77 Asia Pacific Returnable Packaging Market Outlook, By Healthcare (2020-2028) ($MN)
- Table 78 Asia Pacific Returnable Packaging Market Outlook, By Food & Beverage (2020-2028) ($MN)
- Table 79 Asia Pacific Returnable Packaging Market Outlook, By Consumer Durables (2020-2028) ($MN)
- Table 80 Asia Pacific Returnable Packaging Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 81 South America Returnable Packaging Market Outlook, By Country (2020-2028) ($MN)
- Table 82 South America Returnable Packaging Market Outlook, By Material (2020-2028) ($MN)
- Table 83 South America Returnable Packaging Market Outlook, By Wood (2020-2028) ($MN)
- Table 84 South America Returnable Packaging Market Outlook, By Plastic (2020-2028) ($MN)
- Table 85 South America Returnable Packaging Market Outlook, By Metal (2020-2028) ($MN)
- Table 86 South America Returnable Packaging Market Outlook, By Other Materials (2020-2028) ($MN)
- Table 87 South America Returnable Packaging Market Outlook, By Product (2020-2028) ($MN)
- Table 88 South America Returnable Packaging Market Outlook, By Dunnage (2020-2028) ($MN)
- Table 89 South America Returnable Packaging Market Outlook, By Drums (2020-2028) ($MN)
- Table 90 South America Returnable Packaging Market Outlook, By Pallets (2020-2028) ($MN)
- Table 91 South America Returnable Packaging Market Outlook, By Barrels (2020-2028) ($MN)
- Table 92 South America Returnable Packaging Market Outlook, By Intermediate Bulk Containers (IBCs) (2020-2028) ($MN)
- Table 93 South America Returnable Packaging Market Outlook, By Crates (2020-2028) ($MN)
- Table 94 South America Returnable Packaging Market Outlook, By Other Products (2020-2028) ($MN)
- Table 95 South America Returnable Packaging Market Outlook, By End User (2020-2028) ($MN)
- Table 96 South America Returnable Packaging Market Outlook, By Automotive (2020-2028) ($MN)
- Table 97 South America Returnable Packaging Market Outlook, By Healthcare (2020-2028) ($MN)
- Table 98 South America Returnable Packaging Market Outlook, By Food & Beverage (2020-2028) ($MN)
- Table 99 South America Returnable Packaging Market Outlook, By Consumer Durables (2020-2028) ($MN)
- Table 100 South America Returnable Packaging Market Outlook, By Other End Users (2020-2028) ($MN)
- Table 101 Middle East & Africa Returnable Packaging Market Outlook, By Country (2020-2028) ($MN)
- Table 102 Middle East & Africa Returnable Packaging Market Outlook, By Material (2020-2028) ($MN)
- Table 103 Middle East & Africa Returnable Packaging Market Outlook, By Wood (2020-2028) ($MN)
- Table 104 Middle East & Africa Returnable Packaging Market Outlook, By Plastic (2020-2028) ($MN)
- Table 105 Middle East & Africa Returnable Packaging Market Outlook, By Metal (2020-2028) ($MN)
- Table 106 Middle East & Africa Returnable Packaging Market Outlook, By Other Materials (2020-2028) ($MN)
- Table 107 Middle East & Africa Returnable Packaging Market Outlook, By Product (2020-2028) ($MN)
- Table 108 Middle East & Africa Returnable Packaging Market Outlook, By Dunnage (2020-2028) ($MN)
- Table 109 Middle East & Africa Returnable Packaging Market Outlook, By Drums (2020-2028) ($MN)
- Table 110 Middle East & Africa Returnable Packaging Market Outlook, By Pallets (2020-2028) ($MN)
- Table 111 Middle East & Africa Returnable Packaging Market Outlook, By Barrels (2020-2028) ($MN)
- Table 112 Middle East & Africa Returnable Packaging Market Outlook, By Intermediate Bulk Containers (IBCs) (2020-2028) ($MN)
- Table 113 Middle East & Africa Returnable Packaging Market Outlook, By Crates (2020-2028) ($MN)
- Table 114 Middle East & Africa Returnable Packaging Market Outlook, By Other Products (2020-2028) ($MN)
- Table 115 Middle East & Africa Returnable Packaging Market Outlook, By End User (2020-2028) ($MN)
- Table 116 Middle East & Africa Returnable Packaging Market Outlook, By Automotive (2020-2028) ($MN)
- Table 117 Middle East & Africa Returnable Packaging Market Outlook, By Healthcare (2020-2028) ($MN)
- Table 118 Middle East & Africa Returnable Packaging Market Outlook, By Food & Beverage (2020-2028) ($MN)
- Table 119 Middle East & Africa Returnable Packaging Market Outlook, By Consumer Durables (2020-2028) ($MN)
- Table 120 Middle East & Africa Returnable Packaging Market Outlook, By Other End Users (2020-2028) ($MN)
