The
global Returnable
Packaging Market size is expected to reach USD 173.05 billion by
2030, according to a new report by Grand View Research, Inc., expanding at a
CAGR of 6.0% over the forecast period. This is attributed to the expanding key
end-use industries such as food & beverages, healthcare, and others.
Returnable
packaging products offer numerous benefits to end-use companies, in comparison
to single-use or expendable packaging products. Even though the procurement
cost of returnable packaging is significantly higher than that
of single-use packaging, it is reused multiple times, unlike single-use
packaging, which will eliminate the recurring costs of packaging production.
Besides, using similar containers for longer duration reduces the cost per trip
and thus, returnable packaging proves to be cost-efficient in the longer term.
Food
& beverages, pharmaceuticals, and automobiles are among the major end-use
industries for returnable packaging. In these sectors, returnable packaging
products such as pallets, crates, IBCs, dunnage, and others are mainly utilized
for internal handling (within the manufacturing plant) of raw materials,
semi-finished, and finished goods, as well as for the transportation of
finished goods from the manufacturing plant to distribution and retail center.
Therefore, expanding manufacturing and distribution activities within the food
& beverages, pharmaceutical, and automobile industries is expected to
directly fuel the demand for returnable packaging products.
Furthermore,
the global pharmaceutical industry is expected to witness strong growth in the
coming years. Growing aging population, especially in developed countries such
as Japan, France, Germany, and others; increasing health consciousness among
consumers; improving healthcare infrastructure, particularly in developing
countries such as India, Brazil, and China; and high emphasis on the
strengthening of the healthcare sector, coupled with the introduction of
various healthcare insurance schemes by governments globally, are primarily
driving the pharmaceutical industry.
Industry
players are adopting several strategies, including collaborations, mergers
& acquisitions, joint ventures, and partnership agreements to expand the
customer base and individual market share. For instance,in September 2022, CHEP
and Cabka collaborated to supply reusable containers out of recycled plastics.
These containers are customized to CHEP’s performance requirements and are set
to maximize the use of recycled materials, facilitating a fully circular
approach.
List of Key Players in the Returnable Packaging Market
- ORBIS
Corporation
- NEFAB GROUP
- PPS Midlands
Limited
- Tri-pack
Packaging Systems Ltd.
- Amatech,
Inc.
- CHEP
- Celina
- UBEECO
Packaging Solutions
- RPR Inc.
- RPP
Containers
- IPL, Inc.
- Schoeller
Allibert
Related Press
Release@ Returnable
Packaging Market Report
Returnable Packaging Market Report Highlights
- Plastic has
emerged as a dominating material in the market for returnable packaging
with a majority share in 2022 and is expected to maintain a leading
position by 2030, owing to its wide application in the food & beverage
and healthcare industries, due to its unique properties such as anti-shock
during shipping the products
- Pallets
recorded the largest market share in 2022 in the products segment, due to
their higher compatibility, structural integrity, and easy cleaning
properties. However, the lack of international standards and uniformity in
the sizes of pallets is expected to challenge material handling and
transportation corporations
- The
healthcare segment is expected to expand at a substantial CAGR of 6.9%
during the forecast period. The pharmaceutical industry requires packing
products like pallets, containers, FIBCs, drums, and barrels for the
transportation of chemicals, medicines, drugs, and vaccines in bulk
quantities
- The
increasing aging population in countries like Japan, Germany, Italy,
Portugal, and other European economies are expected to increase the demand
for pharmaceutical products and healthcare equipment, which is expected to
drive demand for returnable packaging from the healthcare end-use industry
- However, the
growing adoption of single-use flexible packaging and several shortcomings
of returnable packaging, such as expensiveness in comparison to other
single-trip products, restrains the market growth to some extent
- New product
developments, coupled with mergers & acquisitions and capacity
expansions, are some of the strategies adopted by industry players. For
instance, during the 2022 Plastics Caps & Closures conference in
September, the Orbis Corporation showcased its reusable packaging
solutions designed to address the unique requirements of the primary
packaging supply chain that includes bulk containers, pallets, and boxes
Related Reports@
Water Soluble Packaging Market
Returnable Packaging Market
Report Scope
|
Report Attribute |
Details |
|
Market
size value in 2023 |
USD
115.39 billion |
|
Revenue
forecast in 2030 |
USD
173.05 billion |
|
Growth
rate |
CAGR of
6.0% from 2023 to 2030 |
|
Base year
for estimation |
2022 |
|
Historical data |
2018 - 2021 |
|
Forecast period |
2023 - 2030 |
Returnable Packaging Market Segmentation
Grand
View Research has segmented the global returnable packaging market based on
material, product, end-use, and region:
Returnable Packaging Material Outlook (Revenue, USD
Billion, 2018 - 2030)
- Plastic
- Metal
- Wood
Returnable Packaging Product Outlook (Revenue, USD
Billion, 2018 - 2030)
- Pallets
- Crates
- IBCs
- Drums &
Barrels
- Dunnage
- Others
Returnable Packaging End-use Outlook (Revenue, USD
Billion, 2018 - 2030)
- Food &
Beverage
- Automotive
- Consumer
Durables
- Healthcare
- Others
Returnable Packaging Regional Outlook (Revenue, USD
Billion, 2018 - 2030)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Central
& South America
- Brazil
- Middle East
& Africa
- South
Africa
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