A recent report published by Infinium Global Research on the returnable packaging market provides in-depth analysis of segments and
sub-segments in the global as well as regional returnable packaging market. The
study also highlights the impact of drivers, restraints, and macro indicators
on the global and regional returnable packaging market over the short term as
well as long term. The report is a comprehensive presentation of trends,
forecast and dollar values of the global returnable packaging market. According to
the report, the global returnable packaging market is projected to grow at a
CAGR of 7.35% over the forecast period of 2019-2025.
The growth transportation and logistics industry are changing the
dynamics of the bulk packaging market. Globalization and international trade
have flourished in various industries and also brought evolution to the bulk
packaging sector. Returnable packaging is one of the innovations that has
facilitated the transportation of goods in bulk safely and in time. The
returnable packaging market is highly competitive with the key players
contending for their share in the market. The major players including Nefab
Packaging Inc, Myers Industries, Inc., Kuehne + Nagel International AG, IFCO
SYSTEMS N.V., Schoeller Allibert Services BV, Schutz GmbH & Co. KGaA,
Amatech Inc. and others are focusing more on launching new products, exploiting
their reach in emerging countries, and collaborations to stand in this
The increasing globalization and international trade are majorly
driving the returnable packaging market. As the nations of the world are
connected, the trade between them has increased. This has increased demand for
the packaging of goods in bulk and returnable packaging is a suitable option.
Moreover, the rising demand from various end-use industries including food
& beverages, automotive, and consumer durables are expanding the demand for
returnable packaging. Furthermore, the cost-effectiveness of returnable
packaging is supporting the growth of the returnable packaging market. The
returnable packaging helps in the timely and safe transportation of the goods,
which saves the time and cost of the end-users. However, the stringent
regulations regarding transport and logistics are the major restraining factor
for the growth of the returnable packaging market. Nevertheless, the increasing
demand for biodegradable returnable packaging is expected to offer lucrative
opportunities for the key players in the returnable packaging market.
In terms of geography, North American generated the highest
revenue, dominating the global returnable packaging market. The largest market
share of North Americans attributed to the strong industrial base and high
demand for sustainable packaging from various industries. Moreover, the demand
for large retailers for block pallets in the region is expected to boost
the growth of the returnable packaging market in North America.
The report on the global returnable packaging market covers segments
such as material type, type, and application. On the basis of material type,
the sub-markets include plastic, metal, wood, and other materials. On the basis
of type, the sub-markets include containers, drums & barrels, pallets,
crates, and protective dunnage. On the basis of application, the sub-markets
include food & beverage, pharmaceutical & healthcare, consumer
electronics, automotive, and other applications.
The report provides profiles of the companies in the market such
as Nefab Packaging Inc, Myers Industries, Inc., Kuehne + Nagel International
AG, IFCO Systems N.V., Schoeller Allibert Services BV, Schutz GmbH & Co.
KGaA, Amatech Inc., Rehrig Pacific Company, IPL Plastics Inc., Orbis
Corporation, and Other Companies.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of the returnable
packaging market. Moreover, the study highlights current market trends and
provides forecast from 2019-2025. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.