Returnable Packaging Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Material (Plastic, Metal, Wood, Others), By Product (Pallets, Crates, Intermediate Bulk Containers (IBCs), Others), By End Use (Food & Beverages, Automotive, Consumer durables, Others), By Region, and Competition 2018-2028

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Summary

Report Description

Global Returnable Packaging market is anticipated to grow significantly through 2028 due to increasing demand from the automotive sector. In 2021, around 487 thousand commercial vehicles were produced in India.

 

Global Returnable Packaging market is expected to expand during the projected period due to increasing demand from the automotive sector as it helps in transporting automotive parts and components between manufacturing plants and suppliers, where it has proved to be highly effective in reducing transportation and packaging costs. Growing demand for sustainable packaging to reduce waste and lower carbon footprint is expected to drive the growth of the market. Moreover, increasing demand for durable & robust packaging products from various end-use industries is projected to drive the returnable packaging market in the upcoming years.

Rising Demand for Sustainable and Durable Packaging

The development and application of packaging that increases sustainability is referred to as sustainable packaging. Reusing the package and lessening the environmental impact are made possible by strong, long-lasting packaging goods with returnable features. Returnable packaging reduces the amount of packaging trash that ends up in landfills, making it very sustainable. End users are adopting more environmentally friendly packaging strategies to improve the reputation of their brands, as well as increased regulatory pressure on the usage of plastic packaging.

For instance, according to the 2021 Global Buying Green Report by Trivium Packaging a high-quality and infinitely recyclable metal packaging provider based in the Netherlands, conducted a survey of end users in Europe, North America, and South America and it was found that 83% of younger generation consumers were willing to pay more for sustainable packaging as compared to previous year.

Therefore, growing demand for sustainable and durable returnable packaging will result in the growth of Global Returnable Packaging market in the projected years.

Increasing Demand from Automotive Industry

The automobile sector has developed into one with intricate supply chains and links, necessitating the streamlining and error-free execution of several tasks in order to prevent anomalies. Returnable packaging helps regulate the flow of goods in supply chains in the automobile sector by offering safe, environmentally responsible solutions to do so. Packaging options that provide the best protection for expensive items and parts are crucial in the automotive industry. Returnable packaging is typically used for the transportation of large and bulky components, such as bumpers, engines, and transmissions. These parts require strong and durable packaging that can withstand the stresses of transportation and handling. The construction of a car involves several components, ranging from the engine to other minor mechanical parts and adorning interior fixtures. Furthermore, regular, and short-distance transportation of heavy and elevated auto parts tends to  generate demand for durable, sturdy, effective packaging products, such as racks, pallets, and dunnage. Returnable packaging is cost-efficient and replaces one-time-use packaging materials, such as cardboard boxes and wooden crates, which can be expensive and wasteful.

For instance, according to IBEF, Indian Automakers are the seventh-largest producers of commercial cars, and by 2026, the sector is anticipated to generate more than USD 250 billion (including parts production).

Additionally, the main benefit of returnable packaging in the e-commerce sector is its cost savings. E-commerce companies often need to ship products in large volumes, which can lead to significant packaging costs. By using returnable packaging, companies reduce the need for one-time-use packaging materials, such as boxes and envelopes, which is very expensive and wasteful. Returnable packaging is designed to be used multiple times, reducing the need for replacement, and reducing costs over time. Returnable packaging materials can be made from recycled materials, further reducing their environmental impact. By using returnable packaging, e-commerce companies can reduce their carbon footprint and contribute to a more sustainable supply chain.

For instance, Business Norway introduced Packoorang eco-friendly, reusable packaging for e-commerce which has a 50–80 percent smaller carbon footprint than cardboard boxes after just one use.

For instance, European Commission Cordis introduced RePack, which is a sustainable packaging system for online retailers and shoppers whereby delivery packages can be conveniently and easily returned, and then re-used.   

Therefore, growing demand for the safe and protective returnable packaging material led to the growth of Global Returnable Packaging Market during the forecast year.

Increasing Demand from Food & Beverage Sector

The packaging of dairy, bakery, agricultural, meat, and processed and semi-processed food goods is in great demand which helps in growing the demand of packaging material from the food & beverage industries. In addition, developing processed food products business is predicted to increase the product penetration within the food and beverage industry.

Moreover, rising concern about plastic waste and potential restrictions by various governments, a number of firms in the beverage, alcohol, and processed food industries have begun to investigate alternate packaging options, including glass, to limit the use of plastic.

For instance, in October 2021, Burger King together with Loop Industries started working to reduce packaging waste and employ reusable packaging material for food packaging.

Thus, increasing demand for sustainable and returnable packaging material in the food & beverage sector is anticipated to grow  the Global Returnable Packaging Market in the upcoming years.

Additionally, returnable packaging is also used in the healthcare sector, particularly for medical devices, instruments, and supplies. It is particularly important for medical devices and instruments that are expensive, delicate, or sensitive to temperature, humidity, or other environmental factors. By using returnable packaging, healthcare providers can ensure that these products are protected during transport and storage, which can help improve the life of devices.

For instance, Nefab Group provides returnable packaging solution in the form of LID, inner packaging, ESD, outer packaging, and pallet for various applications.

Ongoing technological advancements are also contributing to the growth of the global returnable packaging market. The introduction of new technologies such as RFID tagging, and advanced tracking systems are making it easier and more efficient to manage returnable packaging materials across global supply chains. This has helped to reduce the complexity and cost of managing returnable packaging materials, making them a more attractive option for businesses of all sizes.

For instance, Smartx Technology Inc introduced a technology by name of SmartX HUB RFID-enabled assets tracking system which helps to track Returnable Transport Items (RTIs).

However, the issue faced by the global returnable packaging market is the high initial cost of purchasing and implementing these materials, the upfront investment can be a major barrier for many companies. In addition, the logistics and transportation required to manage returnable packaging can be complex and time-consuming, requiring significant planning and coordination to ensure that items are returned to the appropriate locations in a timely manner. Along with this, these materials have a greater transportation cost because of their return trip. Along with this, these items take up a lot of storage space and need to be maintained on a regular basis. Furthermore, product theft or misplacement has been found, necessitating the use of tracking systems and increasing material handling costs, which slow down the market growth. Moreover, the need for standardization and compatibility between different types of returnable packaging materials is growing. This is particularly important in global supply chains, where companies may be working with partners and suppliers in different countries with different types of packaging materials. Thus, without standardized materials and processes, it can be difficult to ensure that returnable packaging can be effectively reused and returned material which further slows down the market growth.

Recent Developments

  • In April 2022, ORBIS Corporation introduced various packaging solutions and services including reusable plastic pallets at MODEX show 2022.
  • Reusable packaging distributor IFCO Japan purchased RPC pooling services division of Sanko Lease Co. Ltd., in March 2022.
  • In September 2021, Tesco signed an agreement with reusable packaging platform namely Loop to introduce reusable packaging as part of its green efforts.
  • Aeon supplied its products with reusable packaging platforms, namely Loop in 19 stores across Japan, in May 2021.
  • In May 2021, Nefab increased its production facilities to Houston (Texas), Tucson (Arizona), and Gainesville (Florida).

 


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Market Segmentation

Global Returnable Packaging Market is segmented based on material, product, end use, and region. Based on material, the market is categorized into plastic, metal, wood, and others. Based on product, the market is segmented into pallets, crates, intermediate bulk containers (IBCs), and others. Based on end use, the market is fragmented into food & beverages, automotive, consumer durables, and others. Based on region, the market is divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

Company Profiles

ORBIS Corporation, Econovus Packaging Pvt. Ltd., Nefab AB, Plastic Packaging Solutions Midlands & East Ltd., Tri-pack Packaging Systems Ltd, Amatech Inc, CHEP International Inc, LEAP India, Schoeller Allibert Services B.V., Celina Industries are some of the key players of Global Returnable Packaging Market.

Attribute

Details

Base Year

2022

Historic Data

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million, and CAGR for 2018-2022 and 2023-2028

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

Material

Product

End Use

Regional scope

North America, Europe, Asia Pacific, South America, Middle East & Africa

Country scope

United States, Mexico, Canada, France, Germany, United Kingdom, Spain, Italy, China, India, South Korea, Japan, Australia, Brazil, Argentina, South Africa, Saudi Arabia, UAE

Key companies profiled

ORBIS Corporation, Econovus Packaging Pvt. Ltd., Nefab AB, Plastic Packaging Solutions Midlands & East Ltd., Tri-pack Packaging Systems Ltd, Amatech Inc, CHEP International Inc, LEAP India, Schoeller Allibert Services B.V., Celina Industries

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, global Returnable Packaging market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:

  • Returnable Packaging Market, By Material:
    • Plastic
    • Metal
    • Wood
    • Others
  • Returnable Packaging Market, By Product:
    • Pallets
    • Crates
    • Intermediate Bulk Containers (IBCs)
    • Others
  • Returnable Packaging Market, By End Use:
    • Food & Beverages
    • Automotive
    • Consumer Durables
    • Others
  • Returnable Packaging Market, By Region:
    • North America
      • United States
      • Mexico
      • Canada
    • Europe
      • France
      • Germany
      • United Kingdom
      • Spain
      • Italy
    • Asia-Pacific
      • China
      • India
      • South Korea
      • Japan
      • Australia
    • South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE

Competitive landscape

Company Profiles: Detailed analysis of the major companies present in the global Returnable Packaging market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Returnable Packaging Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected].

Table of content

1.    Product Overview

1.1.  Market Definition

1.2.  Scope of the Market

1.2.1.    Markets Covered

1.2.2.    Years Considered for Study

1.2.3.    Key Market Segmentations

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Overview of the Market

3.2.  Overview of Key Market Segmentations

3.3.  Overview of Key Market Players

3.4.  Overview of Key Regions/Countries

3.5.  Overview of Market Drivers, Challenges, Trends

4.    Voice of Customer

5.    Global Returnable Packaging Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Material (Plastic, Metal, Wood, Others)

5.2.2.    By Product (Pallets, Crates, Intermediate Bulk Containers (IBCs), Others)

5.2.3.    By End Use (Food & Beverages, Automotive, Consumer durables, Others)

5.2.4.    By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)

5.2.5.    By Company (2022)

5.3.  Market Map

5.3.1.    By Material

5.3.2.    By Product

5.3.3.    By End Use

5.3.4.    By Region

6.    North America Returnable Packaging Market Outlook

6.1.  Market Size & Forecast       

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Material

6.2.2.    By Product

6.2.3.    By End Use

6.2.4.    By Country

6.3.  Pricing Analysis

6.4.  North America: Country Analysis

6.4.1.    United States Returnable Packaging Market Outlook

6.4.1.1.        Market Size & Forecast

6.4.1.1.1.           By Value

6.4.1.2.        Market Share & Forecast

6.4.1.2.1.           By Material

6.4.1.2.2.           By Product

6.4.1.2.3.           By End Use

6.4.2.    Mexico Returnable Packaging Market Outlook

6.4.2.1.        Market Size & Forecast

6.4.2.1.1.           By Value

6.4.2.2.        Market Share & Forecast

6.4.2.2.1.           By Material

6.4.2.2.2.           By Product

6.4.2.2.3.           By End Use

6.4.3.    Canada Returnable Packaging Market Outlook

6.4.3.1.        Market Size & Forecast

6.4.3.1.1.           By Value

6.4.3.2.        Market Share & Forecast

6.4.3.2.1.           By Material

6.4.3.2.2.           By Product

6.4.3.2.3.           By End Use

7.    Europe Returnable Packaging Market Outlook

7.1.  Market Size & Forecast       

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Material

7.2.2.    By Product

7.2.3.    By End Use

7.2.4.    By Country

7.3.  Pricing Analysis

7.4.  Europe: Country Analysis

7.4.1.    France Returnable Packaging Market Outlook

7.4.1.1.        Market Size & Forecast

7.4.1.1.1.           By Value

7.4.1.2.        Market Share & Forecast

7.4.1.2.1.           By Material

7.4.1.2.2.           By Product

7.4.1.2.3.           By End Use

7.4.2.    Germany Returnable Packaging Market Outlook

7.4.2.1.        Market Size & Forecast

7.4.2.1.1.           By Value

7.4.2.2.        Market Share & Forecast

7.4.2.2.1.           By Material

7.4.2.2.2.           By Product

7.4.2.2.3.           By End Use

7.4.3.    United Kingdom Returnable Packaging Market Outlook

7.4.3.1.        Market Size & Forecast

7.4.3.1.1.           By Value

7.4.3.2.        Market Share & Forecast

7.4.3.2.1.           By Material

7.4.3.2.2.           By Product

7.4.3.2.3.           By End Use

7.4.4.    Spain Returnable Packaging Market Outlook

7.4.4.1.        Market Size & Forecast

7.4.4.1.1.           By Value

7.4.4.2.        Market Share & Forecast

7.4.4.2.1.           By Material

7.4.4.2.2.           By Product

7.4.4.2.3.           By End Use

7.4.5.    Italy Returnable Packaging Market Outlook

7.4.5.1.        Market Size & Forecast

7.4.5.1.1.           By Value

7.4.5.2.        Market Share & Forecast

7.4.5.2.1.           By Material

7.4.5.2.2.           By Product

7.4.5.2.3.           By End Use

8.    Asia-Pacific Returnable Packaging Market Outlook

8.1.  Market Size & Forecast       

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Material

8.2.2.    By Product

8.2.3.    By End Use

8.2.4.    By Country

8.3.  Pricing Analysis

8.4.  Asia-Pacific: Country Analysis

8.4.1.    China Returnable Packaging Market Outlook

8.4.1.1.        Market Size & Forecast

8.4.1.1.1.           By Value

8.4.1.2.        Market Share & Forecast

8.4.1.2.1.           By Material

8.4.1.2.2.           By Product

8.4.1.2.3.           By End Use

8.4.2.    India Returnable Packaging Market Outlook

8.4.2.1.        Market Size & Forecast

8.4.2.1.1.           By Value

8.4.2.2.        Market Share & Forecast

8.4.2.2.1.           By Material

8.4.2.2.2.           By Product

8.4.2.2.3.           By End Use

8.4.3.    South Korea Returnable Packaging Market Outlook

8.4.3.1.        Market Size & Forecast

8.4.3.1.1.           By Value

8.4.3.2.        Market Share & Forecast

8.4.3.2.1.           By Material

8.4.3.2.2.           By Product

8.4.3.2.3.           By End Use

8.4.4.    Japan Returnable Packaging Market Outlook

8.4.4.1.        Market Size & Forecast

8.4.4.1.1.           By Value

8.4.4.2.        Market Share & Forecast

8.4.4.2.1.           By Material

8.4.4.2.2.           By Product

8.4.4.2.3.           By End Use

8.4.5.    Australia Returnable Packaging Market Outlook

8.4.5.1.        Market Size & Forecast

8.4.5.1.1.           By Value

8.4.5.2.        Market Share & Forecast

8.4.5.2.1.           By Material

8.4.5.2.2.           By Product

8.4.5.2.3.           By End Use

9.    South America Returnable Packaging Market Outlook

9.1.  Market Size & Forecast       

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Material

9.2.2.    By Product

9.2.3.    By End Use

9.2.4.    By Country

9.3.  Pricing Analysis

9.4.  South America: Country Analysis

9.4.1.    Brazil Returnable Packaging Market Outlook

9.4.1.1.        Market Size & Forecast

9.4.1.1.1.           By Value

9.4.1.2.        Market Share & Forecast

9.4.1.2.1.           By Material

9.4.1.2.2.           By Product

9.4.1.2.3.           By End Use

9.4.2.    Argentina Returnable Packaging Market Outlook

9.4.2.1.        Market Size & Forecast

9.4.2.1.1.           By Value

9.4.2.2.        Market Share & Forecast

9.4.2.2.1.           By Material

9.4.2.2.2.           By Product

9.4.2.2.3.           By End Use

10. Middle East and Africa Returnable Packaging Market Outlook

10.1.             Market Size & Forecast        

10.1.1. By Value

10.2.             Market Share & Forecast

10.2.1. By Material

10.2.2. By Product

10.2.3. By End Use

10.2.4. By Country

10.3.             Pricing Analysis

10.4.             MEA: Country Analysis

10.4.1. South Africa Returnable Packaging Market Outlook

10.4.1.1.     Market Size & Forecast

10.4.1.1.1.         By Value

10.4.1.2.     Market Share & Forecast

10.4.1.2.1.         By Material

10.4.1.2.2.         By Product

10.4.1.2.3.         By End Use

10.4.2. Saudi Arabia Returnable Packaging Market Outlook

10.4.2.1.     Market Size & Forecast

10.4.2.1.1.         By Value

10.4.2.2.     Market Share & Forecast

10.4.2.2.1.         By Material

10.4.2.2.2.         By Product

10.4.2.2.3.         By End Use

10.4.3. UAE Returnable Packaging Market Outlook

10.4.3.1.     Market Size & Forecast

10.4.3.1.1.         By Value

10.4.3.2.     Market Share & Forecast

10.4.3.2.1.         By Material

10.4.3.2.2.         By Product

10.4.3.2.3.         By End Use

11. Market Dynamics

11.1.             Drivers

11.1.1. Increasing Demand from Food & Beverage Industry

11.1.2. Rising demand for Sustainable and Durable Packaging

11.1.3. Growing Demand from Automotive Sector

11.2.             Challenges

11.2.1. Volatility in Raw Material Costs

11.2.2. Addition with existing supply chain logistics

12. Market Trends & Developments

12.1.             Product Launches

12.2.             Merger’s & Acquisitions

12.3.             Technological Advancements

13. Global Returnable Packaging Market: SWOT Analysis

14. Porter’s Five Forces Analysis

14.1.             Competition in the Industry

14.2.             Potential of New Entrants

14.3.             Power of Suppliers

14.4.             Power of Customers

14.5.             Threat of Substitute Products

15. Competitive Landscape

15.1.             Business Overview

15.2.             Product Offerings

15.3.             Recent Developments

15.4.             Financials (In Case of Listed Companies)

15.5.             Key Personnel

15.6.             SWOT Analysis

15.6.1. ORBIS Corporation

15.6.2. Econovus Packaging Pvt. Ltd.

15.6.3. Nefab AB

15.6.4. Plastic Packaging Solutions Midlands & East Ltd.

15.6.5. Tri-pack Packaging Systems Ltd

15.6.6. Amatech Inc

15.6.7. CHEP International Inc

15.6.8. LEAP India

15.6.9. Schoeller Allibert Services B.V.

15.6.10.              Celina Industries

Strategic Recommendations

Figures and Tables

Frequently asked questions

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Rising demand for sturdy, sustainable, and durable packaging products in close-loop operations as well as growing demand from the automotive industry are the factors driving the Global Returnable Packaging Market.

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ORBIS Corporation, Econovus Packaging Pvt. Ltd., Nefab AB, Plastic Packaging Solutions Midlands & East Ltd., Tri-pack Packaging Systems Ltd, Amatech Inc, CHEP International Inc, LEAP India, Schoeller Allibert Services B.V., Celina Industries are some of the key players of Global Returnable Packaging Market.

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Returnable packaging is a system of reusable racks, pallets, hand-held containers, or bulk containers that move products safely and efficiently throughout the supply chain.

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Asia Pacific is expected to dominate the market during the forecast period due to rapid industrialization and expanding manufacturing industry.

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Sakshi Bajaal

Business Consultant
Press Release

Returnable Packaging Market to be Dominated by Automotive Sector Through 2028

Apr, 2023

Rising demand from Automotive Sector is expected to drive Global Returnable Packaging market in the forecast period 2024-2028.

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