Returnable Packaging Market by Product Type, Material, End-use Industry, Region - Global Forecast to 2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 3, 2018--The “Returnable Packaging Market by Product Type (Pallets, Crates, Intermediate Bulk Containers, Drums & Barrels, Bottles, Dunnage), Material (Plastic, Metal, Wood, Glass, Foam), End-use Industry, Region - Global Forecast to 2023” report has been added to ResearchAndMarkets.com’s offering.
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 Intermediate Bulk Containers (IBC) segment of the returnable packaging market is projected to grow at the highest CAGR during the forecast period, in terms of volume. The growth of this segment can be attributed to the high strength and durability offered by IBCs.
The plastic segment is expected to lead the returnable packaging market from 2018 to 2023, in terms of both, value and volume. The growth of this segment can be attributed to the low cost, high versatility, easy availability, and excellent durability of the plastic returnable packaging. The metal segment is projected to be the second-largest segment of the returnable packaging market from 2018 to 2023, in terms of both, value and volume.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Returnable Packaging Market, By Product Type
7 Returnable Packaging Market, By Material
8 Returnable Packaging Market, By End-Use Industry
9 Returnable Packaging Market, By Region
10 Competitive Landscape
11 Company ProfilesAmatech Inc Brambles Cabka Group Ckdpack Packaging Inc DS Smith GWP Group IPL Plastics Menasha Corporation Mjsolpac Ltd Monoflo International Mpact Limited Multipac Systems Myers Industries Nefab Group Plasmix Private Ltd Rehrig Pacific Company Reusable Transport Packaging RPP Containers Schoeller Allibert Schtz GmbH & Co KGaA Toyo Glass Co , Ltd Tri-Wall Limited UFP Technologies Vetropack Holding Wiegand-Glas GmbH
For more information about this report visit https://www.researchandmarkets.com/research/8dfftj/returnable?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181203005608/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
INDUSTRY KEYWORD: MANUFACTURING PACKAGING
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 12/03/2018 10:26 AM/DISC: 12/03/2018 10:26 AM