Global Returnable Packaging Market Report

Sustainability is gaining importance in the packaging industry. Returnable Packaging has emerged as a cost effective and environment-friendly packaging solution. Returnable Packaging is improving the way industries ship their products worldwide as it allows the companies to use the same packaging repeatedly, unlike one-way packaging, which leads to wastage. Other benefits associated with the usage of Returnable Packaging including lower lifetime cost, environmental benefits, durability, improved handling, and no end user disposal are driving its demand among the end-user industries.

Widespread Application of Returnable Packaging to Spur the Market Growth

Increased application of Returnable Packaging across various end-use industries including food and beverages, automotive, consumer goods, and medical is estimated to act as a key driver in the market. Adoption of biodegradable materials in the manufacturing of Returnable Packaging is likely to emerge as a key trend in the Returnable Packaging market. Also, consumer awareness regarding sustainable packaging and reduced packaging waste is positively impacting the market growth. However, high initial investment may hamper the growth of the Returnable Packaging market in the coming years.

R&D Investment to Become Prominent among Manufacturers

The report has studied the key manufacturers operating in the global Returnable Packaging market comprising Brambles, Myers Industries, IPL Plastics, Vetropack Holding, Nefab Group, Rehrig Pacific Company, Menasha Corporation, Schoeller Allibert, DS Smith, Mjsolpac Ltd., Schütz GmbH & Co. KGaA, Plasmix Private Ltd., Cabka Group, GWP GroupPlasmix Private Ltd., and UFP Technologies.

Manufacturers are increasingly investing in research and development activities to develop advanced packaging solutions with novel technology. In addition, they are offering customized solutions to meet the growing demand of the end users. Launch of various programmes by the manufacturers are also seen prominently. For instance, Brambles, one of the key companies of Returnable Packaging market, launched Zero Waste World (ZWW) Programme in the US and Europe, which creates partnerships between manufacturers and retailers to solve the challenges and move towards sustainability.

Market Segmentation

By Type

● Pallets

● Bottles

● Intermediate Bulk Containers

● Crates

● Drums & Barrels

● Dunnage

By Material

● Plastic

● Wood

●  Metal

● Foam

● Glass

By End User

●  Automotive

●  Consumer Durables

●  Food & Beverages

●  Healthcare

● Others

As per the analysts, demand for pallets is expected to witness a surge in the years to come owing to its reusable and recyclable nature, which results in low packaging waste. High flexibility, durability, and easy availability makes plastic a key material in the manufacturing of Returnable Packaging. Usage of metal is likely to increase in the years to come on account of the material’s exceptional physical protection and barrier properties. Application of Returnable Packaging is estimated to rise in the food and beverage sector on the back of increasing demand for consumables.    

By Region

Although North America and Europe witness high demand for Returnable Packaging from food and beverage and automotive industries, APAC is expected to generate huge growth opportunities for the manufacturers. This is attributed to robust demand from the FMCG and food and beverage industries. Manufacturers in this region are shifting their preference from single-use packaging to multi-use packaging, which is positively impacting the Returnable Packaging market growth.

Packaging is an indispensable part of every industry. It ensures protection of the product and even extends shelf life of the packaged items. Through the years, the packaging industry has undergone massive changes. From development of better, sturdier materials to changing outlooks toward designing environment-friendly materials, the packaging industry has witnessed some noteworthy changes.

The research reports on the packaging industry discuss the evolution of materials and the impact of changing consumer needs. Packaging solutions have constantly adopted newer technologies for providing consumers with safer perishables and keeping the products intact until delivered. Analysts have taken a granular view at the booming e-commerce sector and its influence on the packaging industry. We aim to provide the readers an in-depth and a comprehensive analysis of the packaging industry. Intricacies pertaining to food safety, environmental norms, and research and development of materials have been studied by analysts with a focused approach.