Returnable Packaging Market Rear Excessive Growth Estimated by Key Top Players Like Brambles (Australia), Schoeller Allibert (Netherlands), Menasha Corporation (US), DS Smith (UK), Myers Industries (US), Nefab Group (Sweden) to 2024

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Market study covers returnable packaging market across various segments. It aims at estimating the market size and the growth potential of this market across different segments based on product type, material, end-use industry, and region. The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to their products and business offerings, recent developments undertaken by them, and key growth strategies adopted by them to enhance their position in the returnable packaging market.

The returnable packaging market is projected to grow from USD 37.9 billion in 2018 to USD 51.2 billion by 2023, at a CAGR of 6.2% during the forecast period. Growing demand for returnable packaging from various end-use industries such as food & beverages, automotive, and consumer durables, and increasing urban population are driving the growth of the returnable packaging market across the globe. However, varying environmental mandates across different regions for packaging products act as challenges for the growth of the market.

The returnable packaging market has been categorized as follows:
• Plastic
• Metal
• Wood
• Glass
• Foam

The returnable packaging market has been categorized as follows:
• Automotive
• Food & Beverages
• Consumer Durables
• Healthcare

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Overall returnable packaging market size from the estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed, wherever applicable to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments of the returnable packaging market. The data was triangulated by studying various factors and trends from both, demand- and supply-side.

The next step was to validate these findings, assumptions, and sizes with the industry experts across the value chain of returnable packaging through primary research. Both, top-down and bottom-up approaches were employed to estimate the overall size of the returnable packaging market. Thereafter, market breakdown and data triangulation procedures were used to estimate the size of different segments and subsegments of the market.

Premium Insights
1 Attractive Opportunities in the Returnable Packaging Market
2 Europe: Returnable Packaging Market, By Product Type & Country
3 Returnable Packaging Market, By Product Type
4 Returnable Packaging Market, By Material
5 Returnable Packaging Market, By End-Use Industry
6 Returnable Packaging Market, By Country

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Asia Pacific returnable packaging market is projected to grow at the highest CAGR from 2018 to 2023. The growth of the market in this region can be attributed to the population growth in Asia Pacific countries that has resulted in a large customer base for the Fast Moving Consumer Goods (FMCGs) and food & beverages. This, in turn, is expected to drive the growth of the returnable packaging market in the Asia Pacific region.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, other innovation and technology directors, and executives from various key organizations operating in the returnable packaging market.
• By Company Type: Tier 1: 35%, Tier 2: 40%, and Tier 3: 25%
• By Designation: C Level Executives: 25%, Director Level: 35%, and Others:40%
• By Region: North America: 20%, Europe: 35%, Asia Pacific: 25%, Middle East & Africa: 15%,and South America: 5%

The European region is projected to lead the returnable packaging market, in terms of both, value and volume, during the forecast period. The growth of the Europe returnable packaging market can be attributed to the strong industrial base, rise in demand for consumer durables, increased awareness among buyers regarding sustainable packaging, and growth of the automotive industry in the region.

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