Returnable packaging Market : Segmented by Type (Pallets, Crates, IBCs, Drums & Barrels, Dunnage and Others), By Application (Food and Beverages, Automotive, Consumer Durables, Healthcare and Others), and Region – Global Analysis of Market Size, Share & Trends for 2019–2020 and Forecasts to 2030
Global Returnable Packaging Market to surpass USD 141.2 billion by 2030 from USD 99.6 billion in 2020 at a CAGR of 6.1% in the coming years, i.e., 2021-30. Product Overview Returnable packaging... もっと見る
SummaryGlobal Returnable Packaging Market to surpass USD 141.2 billion by 2030 from USD 99.6 billion in 2020 at a CAGR of 6.1% in the coming years, i.e., 2021-30.Product Overview Returnable packaging is a sort of packaging system that may be used to package a product several times. It's also known as reusable packaging because it may be reused several times without compromising the packaging's quality. Metal, plastic, and wood are among the materials used to construct it. The safety of the goods inside the packaging is ensured by the strong nature of the materials used for returnable packages. Returnable packaging could have use in a variety of industries. Market Highlights Global Returnable packaging market is expected to project a notable CAGR of 6.1% in 2030. Over the projected period, the worldwide market's participants are expected to benefit because of their durability and lightweight. They are increasingly used in a range of industries, including food, automotive, and chemical, for the logistics of various items and equipment. Due to the development of technology such as radio-frequency identification (RFID) in Returnable packaging, which allows users to detect and track things across the supply chain, Returnable packaging are becoming increasingly popular. In addition, increased R&D activities in the logistics sector, as well as technological advancements, are likely to create future opportunities over the projection period. Global Returnable packaging: Segments Pallets segment to grow with the highest CAGR during 2020-30 Global Returnable packaging market is segmented by type into Pallets, Crates, IBCs, Drums & Barrels, Dunnage, and Others. Pallets segment held the largest market share in the year 2020. This is due to the widespread usage of pallets in a variety of end-use sectors, from food and beverage to petroleum and lubricants. The increased preference for reusable pallets over disposable pallets, as the former is more durable and cost-effective, is likely to drive segment expansion. Individual units are protected from all sides during shipping using dunnage. Dunnage is a term used to describe an interior that is placed inside a container to help with the safe packaging of separate components. It's a useful packaging solution for transporting fragile, high-value automotive and technological goods. Food and Beverages segment to grow with the highest CAGR during 2020-30 Global Returnable packaging market is divided by application into Food and Beverages, Automotive, Consumer Durables, Healthcare, and Others. Over the forecast period, the Food and Beverages segment is projected to expand at the fastest pace. This is due to increased product demand for dairy, bread, agricultural, meat, and processed and semi-processed food packaging. Product penetration in the food and beverage market is expected to increase as the processed food products business expands. Market Dynamics Drivers Increased concerns about packaging disposals and rising demand for returnable packaging Some of the major factors expected to drive the returnable packaging market include growing concerns about packaging disposal and the need to reduce environmental impact, strong demand for returnable packaging from end-use industries, and the need for sustainable and cost-effective packaging solutions. The market might benefit from rising demand from emerging economies and increased R&D spending by manufacturers. Environment friendly and sustainability Returnable packaging reduces the amount of waste that ends up in landfills, making it more environmentally friendly. End-user adoption of sustainable packaging solutions to boost brand reputation, as well as increased regulatory pressure on the usage of plastic packaging, are projected to drive market expansion. Returnable packaging materials are primarily attractive to key organizations because of their sustainability, as well as their economic and ergonomic benefits. Economic benefits include a lower cost per trip over time and a reduction in the cost of purchasing and disposing of throwaway packaging. Restraint High transportation costs as well as greater storage space Returnable packaging products have a greater transportation cost because of their return trip. Furthermore, these items take up a lot of storage space and need to be maintained on a regular basis. Furthermore, product theft or misplacement has been found, necessitating the use of tracking systems and increasing material handling costs. It's possible that this will have a detrimental impact on product demand. Global Returnable packaging: Key Players Returnable Packaging Resource Inc. Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis Nefab Group Tri-Pack Plastics Ltd Plastic Packaging Solution Midlands & East Ltd. Amatech Inc. CHEP Integra Packaging Celina Industries Lamar Packaging Systems Other Prominent Players Global Returnable packaging: Regions Global Returnable packaging market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Because of the rapid industrialization and rising manufacturing industries in developing economies such as China, India, and Vietnam, the Asia Pacific area has emerged as the main region for returnable packaging with strong growth potential. Because of its well-developed industrial basis, sustainable packaging requirements in end-use industries, and the activities of important companies in the region, the European region will also see significant growth over the projected period. Global Returnable packaging is further segmented by region into: North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA Global Returnable packaging report also contains analysis on: Returnable packaging Segments: By Type Pallets Crates IBCs Drums & Barrels Dunnage Others By Application Food and Beverages Automotive Consumer Durables Healthcare Others Returnable packaging Dynamics Returnable packaging Size Supply & Demand Current Trends/Issues/Challenges Competition & Companies Involved in the Market Value Chain of the Market Market Drivers and Restraints Returnable packaging Market Report Scope and Segmentation Report Attribute Details Market size value in 2020 USD 99.6 billion Revenue forecast in 2030 USD 141.2 billion Growth Rate CAGR of 6.1% from 2021 to 2030 Base year for estimation 2020 Quantitative units Revenue in USD million and CAGR from 2021 to 2030 Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends Segments covered Type, end-user and Region Regional scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) Key companies profiled Returnable Packaging Resource Inc., Nefab Group, Tri-Pack Plastics Ltd, Plastic Packaging Solutions Midlands & East Ltd., Amatech Inc., CHEP, Integra Packaging, Celina Industries, Lamar Packaging Systems, and Other Prominent Players. Table of ContentsContents1. Executive Summary 2. Global Returnable packaging Market 2.1. Product Overview 2.2. Market Definition 2.3. Segmentation 2.4. Assumptions and Acronyms 3. Research Methodology 3.1. Research Objectives 3.2. Primary Research 3.3. Secondary Research 3.4. Forecast Model 3.5. Market Size Estimation 4. Average Pricing Analysis 5. Macro-Economic Indicators 6. Market Dynamics 6.1. Growth Drivers 6.2. Restraints 6.3. Opportunity 6.4. Trends 7. Correlation & Regression Analysis 7.1. Correlation Matrix 7.2. Regression Matrix 8. Recent Development, Policies & Regulatory Landscape 9. Risk Analysis 9.1. Demand Risk Analysis 9.2. Supply Risk Analysis 10. Global Returnable packaging Market Analysis 10.1. Porters Five Forces 10.1.1. Threat of New Entrants 10.1.2. Bargaining Power of Suppliers 10.1.3. Threat of Substitutes 10.1.4. Rivalry 10.2. PEST Analysis 10.2.1. Political 10.2.2. Economic 10.2.3. Social 10.2.4. Technological 11. Global Returnable packaging Market 11.1. Market Size & forecast, 2020A-2030F 11.1.1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 11.1.2. By Volume (Million Units) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12. Global Returnable packaging Market: Market Segmentation 12.1. By Regions 12.1.1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.1.2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.1.3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.1.4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.1.5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.2. By Type : Market Share (2020-2030F) 12.2.1. Pallets, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.2.2. Crates, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.2.3. IBCs, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.2.4. Drums & Barrels By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.2.5. Dunnage By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.2.6. Other, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.3. By Application: Market Share (2020-2030F) 12.3.1. Food and Beverages, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.3.2. Automotive, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.3.3. Consumer durables, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.3.4. Healthcarae, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 12.3.5. Other, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F 13. Company Profile 13.1. Returnable Packaging Resource Inc. 13.1.1. Company Overview 13.1.2. Company Total Revenue (Financials) 13.1.3. Market Potential 13.1.4. Global Presence 13.1.5. Key Performance Indicators 13.1.6. SWOT Analysis 13.1.7. Product Launch 13.2. Nefab Group 13.3. Tri-Pack Plastics Ltd 13.4. Plastic Packaging Solution 13.5. Midlands & East Ltd. 13.6. Amatech Inc. 13.7. CHEP 13.8. Integra Packaging 13.9. Celina Industries 13.10. Lamar Packaging Systems 13.11. Other Prominent Players 14. Consultant Recommendation **The above given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.
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