Market Analysis

Market Research Future (MRFR) projects the global returnable packaging market to grow at a CAGR of 6.2% from 2020 to 2027 (forecast period).

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The global returnable packaging market is witnessing continually rising revenues. The market growth attributes to the cost-effectiveness, improved product safety, and reusability of these packaging solutions. Spurring rise in end-user industries, such as food & beverages, automotive, pharmaceuticals & healthcare, and consumer goods, contribute to the growth of the market. 

With the growing consumer base, economic environment, and increase in manufacturing activities globally, the market is forecasted to witness significant traction in the years to come. In this regard, Market Research Future (MRFR) asserts that the global returnable packaging market is expected to grow pervasively during the review period (2020-2027). 

The growing automotive industry offers great opportunities for this market. Moreover, the rise in manufacturing activities creates substantial demand for the returnable packaging market. Furthermore, changing lifestyles provide vast impetus to the returnable packaging mark growth, augmenting the demand for ready-to-eat meals.

Increased Awareness About Sustainable Packaging

Returnable packaging, also known as reusable packaging, is comprised of long-lasting materials such as polypropylene and corrugated plastics. It is intended for several trips and has a long shelf life. Returnable packaging has several advantages, including cost-effectiveness, better product safety, and reusability.

The demand for sustainable and durable packaging goods from various end-use sectors is driving the growth of the returnable packaging market. Furthermore, the different benefits of returnable packaging are having a significant impact on the rise of returnable packaging from 2020 to 2027. Rising urbanization, increased disposable income, and high pack size optimization are expected to fuel the market's growth for the reasons stated above, and the market is also expected to rise significantly throughout the forecast period. Furthermore, increased product demand for standard dimensional sizes, such as sleeve packs and boxes, as well as the easy availability of various returnable packaging containers based on customer requirements, are likely to drive the growth of the returnable packaging market during the forecast period. The operation costs of the target product are likely to fall due to the recyclable nature and accessibility of many options to pick from, which is a major element actively driving the demand for the returnable packaging market. Similarly, growing R&D investments and various companies are primarily attracted to returnable transport packaging products due to their sustainability, economical and ergonomic benefits, which will further offer different growth opportunities for the growth of the returnable packaging market from 2020 to 2027.

COVID-19 Impact on the Global Market

The global returnable packaging market has been unaffected by the COVID-19 outbreak. Customers' high demand and shifting objectives of food providers and brands can benefit the market. Demand may be driven by the launch of food delivery mobile applications and ordering from home as a result of changes in customer habits. Due to the high demand for canned and packaged goods, returnable packaging is widely used. Personal care product refill shipments with minimal weight and parcel size will be prioritized in the market. Lightweight items, together with brand owners enhancing packaging to avoid theft or counterfeiting, have the potential to boost the market.

Market Segmentation

The global returnable packaging market has been segmented on the basis of four segments: material, product type, end-use, and region. 

On the basis of material, the global returnable packaging market has been segmented into plastic, metal, wood, and others. 

On the basis of product type, the global returnable packaging market has been segmented as follows: pallets, crates, intermediate bulk containers (IBC), dunnage, drums & barrels, bottles, and others. 

On the basis of end-use, the global returnable packaging market has been segmented as automotive, food & beverages, pharmaceuticals & healthcare, and consumer goods. 

Regional Analysis

Europe to Dominate the Global Market

In 2017, the European area had the biggest market share, followed by North America and Asia-Pacific. Increased awareness about sustainable packaging and a strong industrial foundation in this region are factors influencing the growth of this market. Furthermore, the region’s economy is improving, and there is an increase in demand for packaged food and beverages, which is propelling the industry forward. During the forecast period, Europe is expected to grow at the fastest CAGR. The key driving factors are increased awareness of the need to reduce packaging waste and increased demand for bulk transportation.

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Key Players

Notable players in the worldwide returnable packaging market are Brambles (Australia), DS Smith (UK), Schoeller Allibert (Netherlands), Menasha Corporation (US), Myers Industries (US), Nefab Group (Sweden), Rehrig Pacific Company (US), Schutz GmbH & Co. KGaA (Germany), IPL Plastics (Ireland), and Vetropack Holding (Switzerland). 

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