Returnable Packaging Market, By Product Type (Pallets, Crates, Intermediate Bulk Containers, Drums & Barrels, Bottles, Dunnage), By Material (Plastic, Metal, Wood, Glass, Foam), By End-use Industry ( Automotive, Food & Beverages, Consumer Durables, Healthcare, and Others) and By Region (North America, Latin America, Europe, Middle East, Asia Pacific, and Africa) - Trends, Analysis and Forecast till 2034

Returnable packaging is also known as returnable transport packaging or reusable packaging because it can be use many times without affecting the quality of packaging. Returnable packaging is made by using long-lasting material such as wood, plastic, glass, metal, and paperboard, and designed for repeated reuse to encourage ease of use, cleaning, durability, and repair, and it can also be designed to face up rough handling throughout the availability chain and are intended for multiple trips. Reusability of packaging is also an important consideration of the environmental credo to reduce, reuse, and recycle, it is important to the movement toward more sustainable packaging. Returnable packaging is encouraged by regulators.

• The market in Asia-Pacific currently dominates the market for returnable packaging and is expected to continue its strong hold for a few more years owing to its increasing adoption from the emerging economies such as China and India since it packaging offers partial sustainability as well as safety of the products.
• Furthermore, the increasing use of returnable packaging in various applications in automotive, healthcare, consumer durables, aerospace, food & beverages sectors is major factor expected to fuel the growth of the returnable packaging market in the countries of the Asia Pacific region.
• The markets in North America and Europe are expected to register high growth rate, owing to the presence of large numbers of key manufacturing players of returnable packaging, coupled with the growing demand for sustainable packaging for various end-use applications in the region, over the forecast period.
• Moreover, rising urban population which in turn creating demand for the returnable packaging and in turn expected to support growth of the market over the forecast period. In addition, growing demand for returnable packaging from various end-use industries owing to its various benefits across the globe are some factors expected to drive growth of the returnable packaging market, in the near future.
• However, increasing challenges in the management of the packaging supply chain is major factor expected to hamper growth of the global returnable packaging market over the forecast period.

Returnable packaging market has been segmented on the basis of product type, material, end-use industry, and region.

• The product type segment includes pallets, crates, intermediate bulk containers, drums & barrels, bottles, dunnage. The material segment is further sub segmented into plastic, metal, wood, glass, foam. On the basis of end-use industry the global returnable packaging market has been segmented as automotive, food & beverages, consumer durables, healthcare, and others.

Regional Insights:

• On the basis of region the target market has been segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is expected to account major market share as compared to that of other regions.

Key players operating in the returnable packaging market includes Brambles, Schoeller Allibert, Menasha Corporation, DS Smith, Myers Industries, Nefab Group, Rehrig Pacific Company, IPL Plastics, Schütz GmbH & Co. KGaA, and Vetropack Holding.