$50+ Billion Returnable Packaging Market - Global Forecast to 2023

Dublin, Dec. 03, 2018 (GLOBE NEWSWIRE) -- The "Returnable Packaging Market by Product Type (Pallets, Crates, Intermediate Bulk Containers, Drums & Barrels, Bottles, Dunnage), Material (Plastic, Metal, Wood, Glass, Foam), End-use Industry, Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

Increased demand for returnable packaging from various end-use industries is expected to drive the overall growth of the returnable packaging market across the globe from 2018 to 2023

The returnable packaging market is projected to grow from USD 37.9 billion in 2018 to USD 51.2 billion by 2023, at a CAGR of 6.2% during the forecast period

Growing demand for returnable packaging from various end-use industries such as food & beverages, automotive, and consumer durables, and increasing urban population are driving the growth of the returnable packaging market across the globe. However, varying environmental mandates across different regions for packaging products act as challenges for the growth of the market.

In terms of volume, the Intermediate Bulk Containers (IBCs) segment is projected to grow at the highest CAGR during the forecast period.

The Intermediate Bulk Containers (IBC) segment of the returnable packaging market is projected to grow at the highest CAGR during the forecast period, in terms of volume. The growth of this segment can be attributed to the high strength and durability offered by IBCs. These reusable containers have a standard capacity of 1,000 liters and built-in pallet for their easy and cost-efficient handling. Cubic shaped IBCs are increasingly being used in a number of end-use industries as they ensure optimum space utilization, thereby enabling the transportation of a large number of materials in the same space. Moreover, IBCs are stackable, which enables storing of packaging goods in bulk quantities.

In terms of both, value and volume, the plastic segment is expected to lead the returnable packaging market from 2018 to 2023.

The plastic segment is expected to lead the returnable packaging market from 2018 to 2023, in terms of both, value and volume. The growth of this segment can be attributed to the low cost, high versatility, easy availability, and excellent durability of the plastic returnable packaging. The metal segment is projected to be the second-largest segment of the returnable packaging market from 2018 to 2023, in terms of both, value and volume. Metals are the most versatile of all packaging materials as they offer a combination of excellent physical protection and barrier properties, formability & decorative potential, recyclability, and consumer acceptance. Metals such as steel and aluminum with their recyclable properties are superior in comparison to other packaging materials such as polymers and paperboards. These factors drive the growth of the metal segment of the returnable packaging market across the globe.

In terms of value, the Asia Pacific returnable packaging market is projected to grow at the highest CAGR during the forecast period.

In terms of value, the Asia Pacific returnable packaging market is projected to grow at the highest CAGR from 2018 to 2023. The growth of the market in this region can be attributed to the population growth in Asia Pacific countries that has resulted in a large customer base for the Fast Moving Consumer Goods (FMCGs) and food & beverages. This, in turn, is expected to drive the growth of the returnable packaging market in the Asia Pacific region. Other key factors such as ongoing industrialization, rising disposable income of the middle-class population, growing conversion of single-use packaging into multi-use packaging solutions, and increasing consumer focus on reducing packaging waste are expected to drive the demand for returnable packaging in the Asia Pacific region during the forecast period.

The European region is projected to lead the returnable packaging market, in terms of both, value and volume, during the forecast period. The growth of the Europe returnable packaging market can be attributed to the strong industrial base, rise in demand for consumer durables, increased awareness among buyers regarding sustainable packaging, and growth of the automotive industry in the region.

Key Topics Covered:

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.4 Currency Considered
1.5 Units Considered
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Market Size Estimation
2.3 Data Triangulation
2.5 Research Assumptions
2.6 Limitations

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Returnable Packaging Market
4.2 Europe: Returnable Packaging Market, By Product Type & Country
4.3 Returnable Packaging Market, By Product Type
4.4 Returnable Packaging Market, By Material
4.5 Returnable Packaging Market, By End-Use Industry
4.6 Returnable Packaging Market, By Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Urban Population
5.2.1.2 Strong Demand for Returnable Packaging From End-Use Industries
5.2.1.3 Benefits of Returnable Packaging
5.2.1.4 High Optimization in Pack Size
5.2.2 Opportunities
5.2.2.1 Emerging Economies
5.2.2.2 Increasing R&D Investments
5.2.3 Challenges
5.2.3.1 Varying Environmental Mandates Across Regions
5.2.3.2 Cost-To-Benefit Ratio A Concern to Small Manufacturers
5.2.3.3 Challenges in the Management of the Packaging Supply Chain

6 Returnable Packaging Market, By Product Type
6.1 Introduction
6.2 Pallets
6.2.1 Pallets to Be the Largest Segment of the Returnable Packaging Market
6.3 Crates
6.3.1 Food & Beverage Industry to Drive the Returnable Packaging Market
6.4 Intermediate Bulk Containers (IBC)
6.4.1 Expansion of Commodity Trade in the Developing Economies is Expected to Drive the IBC's Market
6.5 Dunnage
6.5.1 Rising Demand for Safe Mode of Packaging Fuels the Usage of Dunnage
6.6 Drums & Barrels
6.6.1 Increasing Usage of Drums & Barrels in Food and Chemical Industries is Expected to Boost Its Demand
6.7 Bottles
6.7.1 Rising Consumer Awareness Reagrding Sustainable Packaging is Driving the Demand for Reusable Bottles
6.8 Others
6.8.1 Others Segment is Expected to Grow at A Stagnant Rate During the Forecast Period

7 Returnable Packaging Market, By Material
7.1 Introduction
7.2 Plastic
7.2.1 Plastic to Hold the Largest Market Share Through 2023
7.3 Metal
7.3.1 Superior Properties of Metal Contributes Towards Its Second Leading Share in Returnable Packaging
7.4 Wood
7.4.1 Wood to Grow at the Highest CAGR, in Terms of Volume
7.5 Glass
7.5.1 Shift Towards Reusable Glass Bottles From Plastic and Metal is Expected to Drive the Demand of Glass for Retunable Packaging
7.6 Foam
7.6.1 Demand for Fragile Products is Expected to Drive the Foam Packaging Market

8 Returnable Packaging Market, By End-Use Industry
8.1 Introduction
8.2 Automotive
8.2.1 Automotive Industry to Lead the Demand for Returnable Packaging
8.3 Food & Beverages
8.3.1 Food & Beverages Industry to Grow at the Highest CAGR
8.4 Consumer Durables
8.4.1 Rising Demand for Safe and Secure Packaging to Drive Returnable Packaging Application in Consumer Durables
8.5 Healthcare
8.5.1 Increasing Need for Additional Level of Protection in Healthcare Products to Boost Returnable Packaging Application in Healthcare
8.6 Others
8.6.1 Returnable Packaging Plays an Important Role in the Supply Chain of Construction Products

9 Returnable Packaging Market, By Region
9.1 Introduction
9.2 Europe
9.2.1 Germany
9.2.1.1 Germany to Dominate the Returnable Packaging Market in Europe
9.2.2 France
9.2.2.1 France to Be the Second-Largest Market for Returnable Packaging in Europe
9.2.3 UK
9.2.3.1 Increasing Demand for Sustainable Packaging From the Food & Beverages Industry to Support the Growth of Returnable Packaging Market in the UK
9.2.4 Spain
9.2.4.1 Demand for Industrial Bulk Containers is Expected to Increase at A Faster Pace in Spain, in Terms of Value
9.2.5 Russia
9.2.5.1 Strict Government Regulations Regarding Sustainability to Support Returnable Packaging in Russia
9.2.6 Rest of Europe
9.2.6.1 Pallets to Remain the Largest Segment of the Returnable Packaging Market in Rest of Europe
9.3 North America
9.3.1 US
9.3.1.1 The US is the Largest Country-Level Market for Returnable Packaging, Globally
9.3.2 Canada
9.3.2.1 Favorable Free Trade Agreements and Growing Automotive Industry to Support the Canadian Returnable Packaging Market
9.3.3 Mexico
9.3.3.1 Rapidly Growing End-Use Industries to Drive Returnable Packaging Market in Mexico
9.4 Asia Pacific
9.4.1 China
9.4.1.1 China to Be the Fastest Growing Country in the Asia Pacific Returnable Packaging Market
9.4.2 Japan
9.4.2.1 Japan to Have the Second Largest Share in the Asia Pacific Returnable Packaging Market
9.4.3 Australia
9.4.3.1 Increasing Number of Food Manufacturing Activities to Drive Returnable Packaging Market in Australia
9.4.4 India
9.4.4.1 Growing End-Use Industries to Support Returnable Packaging Market in India
9.4.5 Rest of Asia Pacific
9.4.5.1 IBCs to Be the Fastest Growing Segment of the Returnable Packaging Market in Rest of Asia Pacific
9.5 Middle East & Africa
9.5.1 UAE
9.5.1.1 UAE to Have the Largest Share in the Middle East & Africa Returnable Packaging Market, in Terms of Value
9.5.2 Saudi Arabia
9.5.2.1 Saudi Arabia to Grow at the Highest CAGR During the Forecast Period
9.5.3 Turkey
9.5.3.1 Pallets to Remain the Largest Segment of the Returnable Packaging Market in Turkey
9.5.4 South Africa
9.5.4.1 Growing Industrialization and Urbanization to Support the Growth of Returnable Packaging Market in South Africa
9.5.5 Rest of Middle East & Africa
9.5.5.1 IBCs to Be the Fastest Growing Segment of the Returnable Packaging Market in Rest of Middle East & Africa
9.6 South America
9.6.1 Brazil
9.6.1.1 Brazil to Be the Largest Market for Returnable Packaging in South America
9.6.2 Argentina
9.6.2.1 Developing FMCG and Automotive Industries to Drive the Returnable Packaging Market in Argentina
9.6.3 Rest of South America
9.6.3.1 Pallets to Remain the Largest Segment of the Returnable Packaging Market in Rest of South America

10 Competitive Landscape
10.1 Overview
10.2 Market Ranking
10.3 Competitive Scenario
10.3.1 Expansions, Investments, and Divestitures
10.3.2 New Product Development
10.3.3 Mergers & Acquisitions
10.3.4 Partnerships, Agreements, and Joint Ventures

11 Company Profiles
11.1 Brambles
11.2 Schoeller Allibert
11.3 Menasha Corporation
11.4 DS Smith
11.5 Myers Industries
11.6 Nefab Group
11.7 Rehrig Pacific Company
11.8 IPL Plastics
11.9 Schtz GmbH & Co. KGaA
11.10 Vetropack Holding
11.11 Other Players
11.11.1 Amatech Inc.
11.11.2 Reusable Transport Packaging
11.11.3 Monoflo International
11.11.4 Mjsolpac Ltd.
11.11.5 Cabka Group
11.11.6 UFP Technologies
11.11.7 Plasmix Private Ltd.
11.11.8 Ckdpack Packaging Inc.
11.11.9 Multipac Systems
11.11.10 Tri-Wall Limited
11.11.11 GWP Group
11.11.12 Wiegand-Glas GmbH
11.11.13 Mpact Limited
11.11.14 Toyo Glass Co., Ltd.
11.11.15 RPP Containers

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Related Topics: Packaging