17.11.2020 Views

Reusable Packaging Market

Reusable Packaging Market Size, Share & Analysis, By Raw Materials (Metal, Plastic, Glass, Wood, Foam), By Type (Crates, Pallets, Dunnage, Bottles, Drums & Barrels IBC), and By End-User (Food & Beverages, Automotive, Healthcare, Logistics & Transportation, Consumer Durables), Forecasts To 2027

Reusable Packaging Market Size, Share & Analysis, By Raw Materials (Metal, Plastic, Glass, Wood, Foam), By Type (Crates, Pallets, Dunnage, Bottles, Drums & Barrels IBC), and By End-User (Food & Beverages, Automotive, Healthcare, Logistics & Transportation, Consumer Durables), Forecasts To 2027

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Reusable Packaging Market Size, Share &

Analysis, By Raw Materials (Metal, Plastic,

Glass, Wood, Foam), By Type (Crates, Pallets,

Dunnage, Bottles, Drums & Barrels IBC), and

By End-User (Food & Beverages, Automotive,

Healthcare, Logistics & Transportation,

Consumer Durables), Forecasts To 2027

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Market Summary

Global Reusable Packaging Market is projected to reach USD 66.96 billion in 2027. Integration of various

market factors such as the requirement of flexible packaging solutions, the growing emphasis on the

reduced usage of plastic products in packaging industry, and higher demand for the reduced cost in the

packaging in various industries are supporting the growth of the market. The expansion of the

transportation & logistics industry and packaging sector has played a pivotal role in increasing the

demand for this type of packaging. The underlying reason being, in these industries, the effective

disperse of the packaged goods, without it being damaged is essential. The market is also benefited by

the expansion of the e-commerce sector across different parts of the globe. For the operation of this

sector, protection of the packaged good from being tampered or damaged is crucial, which increases the

relevance of this packaging in the industry.

In addition to that, the availability of this type of packaging in different materials for varying handling

and transportation purposes acts as a major attraction for end-user industries. Usually, this packaging is

foldable in nature that helps in minimizing return shipments costs. The reusable packaging also has the

scope of customizing inner packaging for reaffirming the protection of the packaged goods.


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The COVID-19 impact:

The COVID-19 pandemic would undoubtedly put the sector's growth at any point in jeopardy. Significant

players in the industry remain unsure about the future of the industry, and they tend to adapt their

strategies to support themselves in this battle. The pandemic had a significant impact on automotive,

aviation, tourism and most multinational companies had to avoid factories and other sectors. There is a

lack of staff in certain parts of the world due to regular lockdowns.

COVID-19 affected international economies, exports, and imports, leading to a substantial drop in

production. The growing businesses on the planet are seeking to clean out their holdings and keep the

emphasis on their cash reserves. The actual net income of the people will certainly be reduced because

suppliers would provide new goods at much cheaper rates that meet consumer desires.

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Further key findings from the report suggest

• In view of growing product penetration in logistics & transportation especially for the e-commerce

business, the Reusable Packaging market is expected to expand considerably over the forecast period.

• In context to End-user, the Food & Beverages segment occupies the largest market share of 22.7% in

2019 with the fastest growth rate of 6.7% during the forecast period. The food & beverage industry is

seen to use this packaging extensively due to its utility in the transportation of different food-grade

packaging to its suppliers.

• The market consisting of industrial products was mostly filled with a huge customer base in the Asia

Pacific, while food & beverage & automotive produced considerable revenues in the North American

market.

• In spite of various advantages associated with this packaging, which are promoting the market

expansion, factors like diverse environmental regulations in different regions and small

manufacturer’s concern of the Cost-To-Benefit Ratio may act as a concern for the market growth.

• In terms of value, Asia-Pacific is the rising market. It accounts for the greater part of global

consumption.


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• DS Smith Plastic had launched a new feature in its existing product line in October 2018, Advanced C.

It was an addition to its AkyPak Returnable Containers product line. The special trait of this container

is that it does not need any extra layer pads at the container's bottom, and it is easy to clean.

• Key players in the market include Menasha Corporation, Brambles, Schoeller Allibert, Myers

Industries, DS Smith, Rehrig Pacific Company, Nefab Group, IPL Plastics, Vetropack Holding, and

Schütz GmbH & Co. KGaA, among others.

For the purpose of this report, Reports and Data have segmented into the global Reusable Packaging

Market on the basis of Raw Materials, Type, End-User, and region:

Raw Materials Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

• Metal

• Plastic

• Glass

• Wood

• Foam


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Type Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

• Crates

• Pallets

• Dunnage

• Intermediate Bulk Containers (IBC)

• Bottles

• Drums & Barrels

• Others

End-User Outlook (Revenue: USD Billion; Volume: Million Tons; 2017-2027)

• Food & Beverages

• Automotive

• Healthcare

• Logistics & Transportation

• Consumer Durables

• Others

Browse Complete Report “Reusable Packaging Market -Forecasts To 2027 ” @

https://www.reportsanddata.com/report-detail/reusable-packaging-market


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