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Returnable Packaging Market To Show Huge Growth With $46.5 Billion By 2027 Owing To Rising Demand For Durable, Sturdy And Sustainable Packaging | Million Insights

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Returnable Packaging Market To Show Huge Growth With $46.5 Billion By 2027 Owing To Rising Demand For Durable, Sturdy And Sustainable Packaging | Million Insights

September 09
11:05 2021
Returnable Packaging Market To Show Huge Growth With $46.5 Billion By 2027 Owing To Rising Demand For Durable, Sturdy And Sustainable Packaging | Million Insights
Million Insights – World’s Fastest Growing Market Research Database
According to new report available with Million Insights, the global returnable packaging industry research report offers thorough insights on material, product, end user and top players. It also offers ready, data-driven answers to several industry-level questions.

The global returnable packaging market size is projected to account for USD 46.5 billion by 2027, as per a new report by Million Insights. The market is estimated to grow at 5.4% CAGR over the forecast duration. Growing demand for durable, sustainable and sturdy packaging solutions to transport semi-finished and finished goods is attributing to the growth of the market. Further, the rise in international trade has positively affected the growth of reusable packaging.

Returnable transport packaging (RTP) includes durable and robust products like crates, drums & barrels, dunnage, pallets and IBCs. Unlike expendable packaging, reusable packaging is sustainable and doesn’t generate packaging waste.

To download the sample PDF of “Returnable Packaging Market” Report please click here: https://www.millioninsights.com/industry-reports/global-returnable-packaging-market/request-sample 

 

Owing to the increasing awareness about environment safety, end-use industries are increasingly adopting for sustainable packaging. Government regulation about packaging waste is the other key factor leading to the rise in the adoption of sustainable packaging solutions.

Plastic-based returnable packaging dominated the market with over 63.0% share in 2019. Further, this segment is anticipated to continue its dominance over the forecast duration owing to its durability, resistance to rough handling and solvent resistance properties. However, the metal segment is projected to witness the highest growth owing to its higher sustainability feature. 

Owing to the rapid industrialization in emerging countries, there has been increased in international trade, which is anticipated to propel the returnable packagingmarket growth over the forecast duration. In addition, expansion in the e-commerce and pharmaceuticals industries is projected to provide lucrative opportunity for the market players over the next few years. 

To browse report summary & detailed TOC, please click the link below:
https://www.millioninsights.com/industry-reports/global-returnable-packaging-market 

 

Further key findings from the report suggest:

• In 2019, plastic material accounted for the highest share in the market with more than 63.0%.

• The healthcare division is anticipated to register the maximum growth over the forecast duration owing to the rapidly expanding pharmaceuticals industry.

• Asia Pacific accounted for more than 36.0% share in the market in 2019.

• Major companies operating in the market are Amatech, Inc., Integra Packaging, Nefab Group, ORBIS Corp and CHEP among others.

Million Insights has segmented the global returnable packaging market on the basis of material, product, end-use and region:

Returnable Packaging Material Outlook (Revenue, USD Million, 2016 – 2027)

    • Plastic

    • Metal

    • Wood 

Returnable Packaging Product Outlook (Revenue, USD Million, 2016 – 2027)

    • Pallets

    • Crates

    • IBCs

    • Drums & Barrels

    • Dunnage

    • Others 

Returnable Packaging End-use Outlook (Revenue, USD Million, 2016 – 2027)

    • Food & Beverages

    • Automotive

    • Consumer Durables

    • Healthcare

    • Others 

Returnable Packaging Regional Outlook (Revenue, USD Million, 2016 – 2027)

    • North America

        • U.S.

        • Canada

        • Mexico

    • Europe

        • Germany

        • U.K.

        • France

        • Italy

        • Spain

    • Asia Pacific

        • China

        • India

        • Japan

        • South Korea

        • Australia

    • Central & South America

        • Brazil

    • Middle East & Africa

        • South Africa 

List of Key Players of Returnable Packaging Market

    • Returnable Packaging Resource, Inc.

    • Nefab Group

    • Plastic Packaging Solutions Midlands & East Ltd.

    • Tri-Pack Plastics Ltd.

    • Amatech, Inc.

    • CHEP

    • Celina Industries

    • Integra Packaging

    • ORBIS Corp.

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About Million Insights

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive marketplace that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/industry-reports/global-returnable-packaging-market


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