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Returnable Packaging Market 2023 - Market Analysis, Top Drivers, Key Players, Segmentation And Forecast To 2032
Returnable Packaging Market Analysis
The Business Research Company's Returnable Packaging Global Market Report 2023 identifies increased demand for sustainable and durable packaging products as the major driver for the returnable packaging market's growth in the forecast period. The elderly population is increasing rapidly across the world, and it is expected to continue over the forecast period. By 2030, the population aged 65 year and above is expected to reach approximately 70 million in the USA.
The global returnable packaging market size is expected to grow from $113.17 billion in 2022 to $120.58 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The returnable packaging market size is expected to grow to $155.58 billion in 2027 at a CAGR of 6.6%.
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Major competitors in the returnable packaging market are Nefab AB, Amatech Inc., Schoeller Allibert Group BV, ORBIS Corporation, PPS Midlands Limited, Tri-Pack Packaging Systems Limited, CHEP, Celina Industries.
A key trend in the returnable packaging market includes advanced technologies. Major players operating in the returnable packaging market are developing advanced technologies to sustain their position in the returnable packaging market. For instance, in March 2022, Oakland International, a UK-based logistics and packaging company, launched OakRA, a sustainable, fully reusable, temperature-controlled packaging unit for home and business direct delivery that uses RFID technology to keep track of the boxes and ensure they are reused.
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The returnable packaging market is segmented -
1) By Product: Pallets, Crates, IBCs, Drums and Barrels, Dunnage, Other Products
2) By Material: Plastic, Metal, Wood
3) By End User: Food and Beverage, Automotive, Consumer Durables, Healthcare, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the returnable packaging market.
The Business Research Company's "Global Returnable Packaging Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Returnable Packaging Market Include:
1. Executive Summary
2. Returnable Packaging Market Characteristics
3. Returnable Packaging Market Trends And Strategies
4. Returnable Packaging Market - Macro Economic Scenario
5. Returnable Packaging Market Size And Growth
…..
26. Africa Returnable Packaging Market
27. Returnable Packaging Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Returnable Packaging Market
29. Returnable Packaging Market Future Outlook and Potential Analysis
30. Appendix
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