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Returnable Packaging Market to Undertake Strapping Growth Of $46.5 Billion By 2027

The global returnable packaging market size is projected to account for USD 46.5 billion by 2027, as per a new report by Million Insights. The market is estimated to grow at 5.4% CAGR over the forecast duration.

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Returnable Packaging Market to Undertake Strapping Growth Of $46.5 Billion By 2027

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  1. Returnable Packaging Market to Undertake Strapping Growth Of $46.5 Billion By 2027 “The global returnable packaging market size is projected to account for USD 46.5 billion by 2027. The market is estimated to grow at 5.4% CAGR over the forecast duration. Growing demand for durable, sustainable and sturdy packaging solutions to transport semi-finished and finished goods is attributing to the growth of the market.” Global Returnable packaging market report offers the latest industry trends, technological alteration and forecast data. A deep-dive view of Returnable packaging industry based on its size, growth, development plans, and opportunities is offered by this report. The forecast information, SWOT analysis, Returnable packaging barriers, and feasibility study are the vital aspects evaluated in this report. The global returnable packaging market size is projected to account for USD 46.5 billion by 2027. The market is estimated to grow at 5.4% CAGR over the forecast duration. Growing demand for durable, sustainable and sturdy packaging solutions to transport semi-finished and finished goods is attributing to the growth of the market. Further, the rise in international trade has positively affected the growth of reusable packaging. Returnable transport packaging (RTP) includes durable and robust products like crates, drums & barrels, dunnage, pallets and IBCs. Unlike expendable packaging, reusable packaging is sustainable and doesn’t generate packaging waste. Owing to the increasing awareness about environment safety, end-use industries are increasingly adopting for sustainable packaging. Government regulation about packaging waste is the other key factor leading to the rise in the adoption of sustainable packaging solutions. Plastic-based returnable packaging dominated the market with over 63.0% share in 2019. Further, this segment is anticipated to continue its dominance over the forecast duration owing to its durability, resistance to rough handling and solvent resistance properties. However, the metal segment is projected to witness the highest growth owing to its higher sustainability feature. Request Sample Copy of This Market Research @ https://www.millioninsights.com/industry-reports/global-returnable-packaging-market/request-sample

  2. Owing to the rapid industrialization in emerging countries, there has been increased in international trade, which is anticipated to propel the returnable packaging market growth over the forecast duration. In addition, expansion in the e-commerce and pharmaceuticals industries is projected to provide lucrative opportunity for the market players over the next few years. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/global-returnable-packaging-market Further key findings from the report suggest: • In 2019, plastic material accounted for the highest share in the market with more than 63.0%. • The healthcare division is anticipated to register the maximum growth over the forecast duration owing to the rapidly expanding pharmaceuticals industry. • Asia Pacific accounted for more than 36.0% share in the market in 2019. • Major companies operating in the market are Amatech, Inc., Integra Packaging, Nefab Group, ORBIS Corp and CHEP among others. Million Insights has segmented the global returnable packaging market on the basis of material, product, end-use and region: Returnable Packaging Material Outlook (Revenue, USD Million, 2016 - 2027) • Plastic • Metal • Wood

  3. Returnable Packaging Product Outlook (Revenue, USD Million, 2016 - 2027) • Pallets • Crates • IBCs • Drums & Barrels • Dunnage • Others Returnable Packaging End-use Outlook (Revenue, USD Million, 2016 - 2027) • Food & Beverages • Automotive • Consumer Durables • Healthcare • Others Returnable Packaging Regional Outlook (Revenue, USD Million, 2016 - 2027) • North America • U.S. • Canada • Mexico • Europe • Germany • U.K. • France • Italy • Spain • Asia Pacific • China • India • Japan

  4. • South Korea • Australia • Central & South America • Brazil • Middle East & Africa • South Africa List of Key Players of Returnable Packaging Market • Returnable Packaging Resource, Inc. • Nefab Group • Plastic Packaging Solutions Midlands & East Ltd. • Tri-Pack Plastics Ltd. • Amatech, Inc. • CHEP • Celina Industries • Integra Packaging • ORBIS Corp. See More Reports of this Category by Million Insights @ https://www.millioninsights.com/industry/packaging

  5. Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions. Contact Person: Ryan Manuel Research Support Specialist, USA Email: ryan@millioninsights.com Global Headquarters Million Insights 410 E Santa Clara Street, Unit #1008 San Jose,CA 95113, United States Phone: 1-408-610-2300 Email: sales@millioninsights.com Asia Pacific Million Insights Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India Phone: 91-8956380892

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