Returnable Packaging Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

Published Date : Feb 2021 | No. of Pages : 250 Pages | Category : Chemical and Material

The global Returnable Packaging market size is expected to be worth around US$ 163.35 billion by 2030, according to a new report by Vision Research Reports.

The global Returnable Packaging market size was valued at US$ 101.55 billion in 2020 and is anticipated to grow at a CAGR of 5.10% during forecast period 2021 to 2030.

Growth Factors

Rapid industrialization, increasing trade activities, and rising demand for robust, long-term, and eco-friendly packaging for the transportation of finished and semi-finished goods in multiple end-use industries are expected to augment the growth of the market.

Returnable packaging consists of sturdy products, such as pallets, crates, IBCs, and drums and barrels, which are intended to use for multiple trips. These products are designed to withstand harsh handling within the supply chain, thus are made up of robust materials, such as polypropylene, high-density polyethylene, metal, and wood, which results in their high cost as compared to single-use packaging. However, returnable packaging is reused multiple times, which eliminates the recurring costs of packaging products and makes them lucrative in the longer term.

Globally, end-use companies or consumer brands are increasingly pledging to switch to reusable or recyclable packaging products owing to sustainability issues and to improve brand equity. Besides, growing favorable government regulations such as European Union’s Circular Economy Action Plan that focuses on sustainable practices are expected to favor the market growth in the coming years.

Report Highlights

Plastic led the market and accounted for a 63.4% share of the global revenue in 2020. High-density polyethylene (HDPE) and polypropylene (PP) plastics are typically used for manufacturing products, such as pallets, crates, IBCs, and drums, owing to their durability, low weight, and strong corrosion and solvent resistance.

Moreover, plastic-based RTP products incur minimal or no damage during the rough handling by forklift and other material handling equipment owing to their high impact resistance. Besides, plastic-based RTP products offer strong weather and chemical resistance, which makes them suitable for pharmaceutical and food applications.

The metal material segment is expected to witness the fastest growth from 2021 to 2028 on account of high strength, coupled with a strong sustainability profile of metals as compared to plastic. However, the higher weight of metal-based products is expected to hinder the segment growth to some extent.

The wood material is majorly used for making pallets. Low cost and wide availability of wooden pallets as compared to are the key factors responsible for their wide adoption. However, increasing demand for plastic-based pallets owing to their lower maintenance costs, ease of cleaning, high durability, and aesthetic appeal is expected to have an adverse effect on the growth of the wood material segment.

Pallets led the market and accounted for 57.2% share of the global revenue in 2020. This is attributed to the extensive utilization of pallets by multiple end-use industries ranging from food and beverages to petroleum and. The growing use of reusable pallets over one expendable pallet as the former is sturdy and economically viable is expected to boost the segment growth.

Dunnage provides 360-degree protection to individual units during shipping. Dunnage refers to an interior placed inside the container to facilitate the safe packaging of individual units. It is an effective packaging product for the transportation of fragile, high-value automotive, and electronic products.

Intermediate bulk containers (IBCs) are expected to register the highest CAGR from 2021 to 2028. The product is typically used to store and handle liquid and powdered products and finds extensive application in the food and beverage and pharmaceutical industries. Increasing demand for effective and low-cost bulk liquid transportation products from various end-use industries is expected to contribute to the high growth of the product segment.

Multiple types of returnable crates, including nestable, stackable, and collapsible, are utilized by the agricultural, grocery, dairy, and bakery sectors for product distribution in a closed loop. Low weight, compact size, and availability in multiple sizes make them the preferred material for product handling.

The food and beverages end-use segment led the market in 2020 and accounted for 34.5% share of the global revenue. This is attributed to high product demand for the packaging of the dairy, bakery, agricultural, meat, and processed and semi-processed food products. The expanding processed food products industry is further anticipated to increase product penetration within the food and beverages segment.

Automotive manufacturers primarily use returnable packaging products for the transportation of their semi-finished and finished auto components, such as body parts, from the vendors to the assembly units. Frequent and short-distance transportation of heavy and high-volume auto parts generates demand for sturdy, effective, and durable packaging products, such as pallets, racks, and dunnage. The steady expansion of the global automotive industry on account of the growing middle-class population, especially in the Asia Pacific region, is expected to have a positive impact on the growth of the automotive segment over the forecast period.

The healthcare end-use segment is expected to exhibit the fastest CAGR from 2021 to 2028. Increasing cases of chronic diseases and the growing aging population have been significantly driving the pharmaceutical industry, which, in turn, is expected to augment the product demand in the pharmaceutical applications over the forecast period.

Asia Pacific led the market and accounted for a 36.4% share of the global revenue in 2020. It is projected to expand at the fastest CAGR from 2021 to 2028. The presence of a large number of manufacturing companies in countries, such as China, India, Indonesia, and Vietnam, is the key factor driving the regional market. Furthermore, rapid industrialization in the Asia Pacific due to the low cost of manufacturing is expected to benefit the market growth.

The market in the Middle East and Africa is expected to witness significant growth in the coming years owing to the shifting focus from the oil industry to the manufacturing industry. North America was the second-largest market in 2020 and is expected to expand at a significant CAGR from 2021 to 2028. Favorable trade agreements such as the USMCA between U.S., Canada, and Mexico are expected to boost manufacturing activities within the region, which is expected to drive the market in North America.

Key Players

  • Orbis Corporation

  • Nefab Group

  • Plastic Packaging Solutions Midlands & East Ltd.

  • Tri-Pack Plastics Ltd.

  • Amatech Inc.

  • CHEP

  • Celina Industries

  • UBEECO Packaging Solutions

  • RPR Inc.

  • Schoeller Allibert

Market Segmentation

  • Material Outlook 

    • Plastic

    • Metal

    • Wood

  • Product Outlook 

    • Pallets

    • Crates

    • IBCs

    • Drums & Barrels

    • Dunnage

    • Others

  • End-use Outlook 

    • Food & Beverages

    • Automotive

    • Consumer Durables

    • Healthcare

    • Others

  • Regional Outlook

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • U.K.

      • France

      • Italy

      • Spain

    • Asia Pacific

      • China

      • India

      • Japan

      • South Korea

      • Australia

    • Central & South America

      • Brazil

    • Middle East & Africa

      • South Africa

The Returnable Packaging market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Returnable Packaging market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Returnable Packaging market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Returnable Packaging market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Returnable Packaging market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Returnable Packaging capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Returnable Packaging by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Returnable Packaging market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Returnable Packaging market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Returnable Packaging market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Returnable Packaging industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Returnable Packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Returnable Packaging market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Returnable Packaging market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Returnable Packaging market. These factors have benefited the growth of the global market for Returnable Packaging. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Returnable Packaging. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Returnable Packaging are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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