Returnable packaging refers to a system of packaging products that are designed for multiple uses and are returned after each use to be cleaned, refurbished and reused. These packaging solutions are widely utilized across various industries to enhance sustainability, reduce waste and improve cost efficiency. Returnable packaging is used to transport and store a variety of goods securely.
The returnable packaging market consists of sales, by entities (organizations, sole traders and partnerships), of returnable packaging products that refer to a type of packaging that is designed to be reused multiple times, typically made of durable materials. It is used to move products efficiently and safely throughout the supply chain and its use can lead to significant cost savings and environmental benefits.
The global returnable packaging market was valued at $87,220.0 million in 2018 which grew till 2023 at a compound annual growth rate (CAGR) of more than 6.0%.
Rapid Industrial Growth
Rapid industrial growth fueled the growth of the returnable packaging market during the historic period. Increased industrial activities drove demand for efficient and sustainable packaging solutions, such as returnable packaging, to manage larger production volumes. Industries, under pressure to minimize environmental impact, have increasingly adopted eco-friendly packaging options. Moreover, the economic feasibility of returnable packaging enabled cost savings in logistics and waste management across industrial operations. For example, in September 2022, according to the Ministry of Industry and Information Technology, China's industrial clusters saw accelerated development, with output from 25 advanced manufacturing clusters growing steadily in the first half of the year. These clusters collectively generated an output value of 6.2 trillion yuan (approximately $886.73 billion) from January to June 2022, marking a 6.1% increase, compared to the previous year. China also expanded its footprint in industrial development, by establishing 445 national-level demonstration zones for new industrialization, utilizing existing development zones and industrial parks as bases for these initiatives. Therefore, rapid industrial growth drove the growth of the returnable packaging market.
Innovation And New Product Development To Improve Packaging Durability
Companies in the returnable packaging market are focusing on the launching new products to strengthen their position in the market. These new offerings often incorporate advanced materials and innovative designs aimed at optimizing durability, ease of use and cost-effectiveness. Manufacturers are introducing modular packaging systems that allow for easy customization and scalability to meet varying customer needs. For example, in February 2024, GWP Correx, a UK-based reusable packaging and materials handling company, announced the launch of Rapitainer, a new returnable packaging system. The Rapitainer system, made from durable Correx plastic, targets businesses currently using large quantities of standard corrugated cardboard packaging. These returnable boxes offer substantial cost savings compared to single-use cardboard boxes, potentially reducing costs by up to 75%.
Brambles was the largest competitor with a 2.02% share of the market, followed by Schutz GmbH & Co. KGaA and Menasha Corporation.
Returnable Packaging Global Market Opportunities And Strategies To 2033 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global returnable packaging market as it emerges from the COVID-19 shut down.
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Where is the largest and fastest-growing market for returnable packaging? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The returnable packaging market global report from The Business Research Company answers all these questions and many more.
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market's history and forecasts market growth by geography. It places the market within the context of the wider returnable packaging market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by product, by material and by end-user.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Macro-Economic Scenario- The report provides an analysis of the impact of the COVID-19 pandemic, impact of the Russia-Ukraine war and impact of rising inflation on global and regional markets, providing strategic insights for businesses in the returnable packaging market.
- Global Market Size And Growth- Global historic (2018-2023) and forecast (2023-2028, 2033F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2018-2023) (2023-2028, 2033F) and analysis for each segment by product, by material and by end-user in the market. Historic (2018-2023) and forecast (2023-2028) and (2028-2033) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2023), historic (2018-2023) and forecast (2023-2028, 2033F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for returnable packaging providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Product: Pallets; Crates; Intermediate Bulk Containers (IBCs); Tanks,Drums And Barrels; Dunnage And Cargo Protection; Other Products.
- 2) By Material: Plastic; Metal; Wood; Other Materials.
- 3) By End-User: Food And Beverage; Automotive; Consumer Durables; Healthcare; Other End-Users.
- Companies Mentioned: Brambles; Schutz GmbH & Co. KGaA; Menasha Corporation; NEFAB GROUP; Schoeller Allibert.
- Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; Italy; Spain; UK; Russia.
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; returnable packaging indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.