Press release
Returnable Packaging Market to Reach $63.06 Billion by 2026 | A report by Brambles, Schoeller Allibert, Menasha Packaging Company LLC, DS Smith, Akro-Mils / Myers Industries and more
Market Analysis:
Returnable packaging market is expected to rise from its initial estimated value of USD 38.25 billion in 2018 to an estimated value of USD 63.06 billion by 2026, registering a CAGR of 6.45% in the forecast period of 2019-2026. This rise in market value can be attributed to the increased levels of demand from the various end-use industries due to the benefits associated with returnable packaging.
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Key Competitors:
1. Brambles
2. Schoeller Allibert
3. Menasha Packaging Company LLC
4. DS Smith
5. Akro-Mils / Myers Industries
6. NEFAB GROUP
7. Rehrig Pacific Company
8. IPL
9. SCHÜTZ GmbH & Co.
10. KGaA, Vetropack
Amatech Inc., Monoflo International, mjsolpac Ltd, CABKA Group, UFP Technologies Inc., Ckdpack Packaging Inc., Multipac Pty. Ltd., Tri-Wall Limited, GWP Group, Wiegand-Glas GmbH, Mpact, Toyo Glass Co. Ltd., and RPP Containers.
Get Detailed TOC @ https://databridgemarketresearch.com/toc/?dbmr=global-returnable-packaging-market
Market Drivers & Restraints:
• Increasing demand of returnable packaging solutions and services from the various end-use industries due to its cost efficiency and benefits is expected to drive the market growth
• Benefits of bigger pack size and ability to use the big size to transport a larger amount of product and contents, fully utilizing the space provided is also expected to drive the market growth
• Differing regulations regarding the packaging across the differing logistical regions is expected to restrain the market growth
• High costing of initialization and cost-benefit ratio is narrow for the small-scale manufacturers which is expected to restrain the market growth
Segmentation:
Product Type
• Pallets
• Crates
• Intermediate Bulk Containers (IBCs)
• Drums & Barrels
• Bottles
• Dunnage
Material
• Plastic
• Metal
• Wood
• Glass
• Foam
End-Use
• Automotive
• Food & Beverages
• Consumer Durables
• Healthcare
Geography
• North America
• South America
• Europe
• Asia Pacific
• Middle East & Africa
Competitive Analysis:
Global returnable packaging market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of returnable packaging market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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