Returnable packaging Market 2019 at a CAGR of 8.4%; Dominated by Top Competitors (Ckdpack Packaging Inc, UFP Technologies, IPL Plastics, Tri-Wall Limited, DS Smith, Nefab Group, Amatech Inc, Reusable Transport Packaging, Schoeller Allibert,)

the Global Returnable Packaging Market is accounted for $32.14 billion in 2017 and is expected to reach $66.53 billion by 2026 growing at a CAGR of 8.4% during the forecast period. Growing urban inhabitants, rising demand for returnable packaging from end-use industries and increasing usage of biodegradable alternatives are some of the factors fuelling the market growth. However, changing environmental mandates across regions is restricting the market growth.

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Packaging invokes to the technology of enclosing a product for distribution, storage, use, and sale. Returnable packaging is mainly used by manufacturers and their suppliers in planned supply chains with steadily managed shipping loops. This type of packaging is considered to support robustness, ease of cleaning & use, ease of repair, and collapsibility to give inexpensive return when empty.

Based on Material, The Plastic segment has a significant growth during the forecast period due to the low price high flexibility & durability, easy availability. Plastic reusable packaging includes resistance to temperature, water, and chemicals.

By Geography, The Asia Pacific region is projected to grow at the considerable market share during the forecast period in terms of value. The growth of the market in the Asia Pacific region can be attributed to the growing demand for reusable packaging from highly populated countries such as India and China as this packaging ensures cost investments, biased sustainability, and safety of packaged products.

Some of the key players profiled in the returnable packaging market include Ckdpack Packaging Inc, UFP Technologies, IPL Plastics, Tri-Wall Limited, DS Smith, Nefab Group, Amatech Inc, Reusable Transport Packaging, Schoeller Allibert, Cabka Group, GWP Group, Mpact Limited, Wiegand-Glas GmbH, Vetropack Holding, RPP Containers, Menasha Corporation, Plasmix Private Ltd, Multipac Systems, Rehrig Pacific Company, Monoflo International, Mjsolpac Ltd, Myers Industries and Toyo Glass Co , Ltd.

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Market Segments:
Materials Covered:
• Foam
• Plastic
• Glass
• Metal
• Wood

Product Types Covered:
• Bottles
• Crates
• Drums & Barrels
• Pallets & Totes
• Dunnage
• Protective Dunnage
• Hand-held containers
• Fabric Dunnage
• Steel Racks
• Metal Cages and Stillages
• Intermediate Bulk Containers (IBC)
• Support products
• Other Product Types

End Users Covered:
• Pharmaceutical & Healthcare
• Automotive
• Consumer Electronics
• Food & Beverages
• Logistics Industry
• Other End Users

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This release was published on openPR.