Global Returnable Packaging Market

Returnable Packaging Market Size, Share, Growth Analysis, By Type(Pallets and Crates), By End-User(Automotive and Healthcare), By Region - Industry Forecast 2024-2031


Report ID: SQMIG15A2146 | Region: Global | Published Date: April, 2024
Pages: 184 |Tables: 59 |Figures: 75

Returnable Packaging Market Insights

Global Returnable Packaging Market size was valued at USD 104.7 billion in 2022 and is poised to grow from USD 110.04 billion in 2023 to USD 163.82 billion by 2031, growing at a CAGR of 5.10% in the forecast period (2024-2031).

The global market is expected to experience significant growth due to the increasing demand for sustainable and durable packaging products from various end-use industries. Returnable or reusable packaging products are made of durable materials, such as wood, plastic, and metal, and are intended for multiple trips, which ensures a rapid return on investment. Despite the initial high investment cost compared to expendable packaging, the economic benefits of low cost per trip and a reduction in cost associated with the purchase and disposal of expendable packaging are attracting key companies to adopt returnable packaging products. The U.S. market is expected to exhibit significant growth due to increasing demand from various end-use industries, including food and beverages, pharmaceuticals, and automotive companies. In April 2022, ORBIS Corporation showcased a variety of sustainable packaging solutions at MODEX show 2022, including reusable plastic pallets, which eliminate packaging waste going into landfills and improve the flow of products, resulting in reduced overall packaging costs. However, the adoption of returnable packaging products is not without challenges. Higher transportation costs, significant storage space requirements, and periodic maintenance may have a negative impact on product demand. Furthermore, theft or misplacement of products necessitates the incorporation of tracking devices, resulting in increased material handling costs.

US Returnable Packaging Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 104.7 billion

Largest Segment

Pallets

Fastest Growth

Crates

Growth Rate

5.10% CAGR

Global Returnable Packaging Market ($ Bn)
Country Share for North America Region (%)

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Returnable Packaging Market Segmental Analysis

Global Returnable Packaging market is segmented by type, end-user, and region. Based on type, the market can be segmented into pallets, and crates. Based on application, the market is segmented into automotive, and healthcare. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Returnable Packaging Market Analysis by Type

By type, the market can be segmented into pallets and crates. Pallets are widely used in various industries for material handling and transportation purposes, making them the dominant segment in the returnable packaging market. Pallets are made of different materials such as plastic, wood, and metal, and are designed to withstand rough handling and multiple trips, making them a sustainable option. They offer several benefits, such as improved efficiency in handling and storage, cost savings, and reduced packaging waste. Due to these advantages, the pallets segment is expected to hold the largest market share.

The crates segment is expected to be the fastest-growing segment in the returnable packaging market. Crates are used to transport goods, and they offer several benefits such as durability, sustainability, and stackability. They are used in various industries such as food and beverage, agriculture, and automotive. With increasing concerns regarding sustainable packaging solutions and the need to reduce packaging waste, the demand for crates is expected to increase. Furthermore, the adoption of automation and technology in material handling is expected to drive the growth of the segment.

Returnable Packaging Market Analysis by End-User

By end-user, the market can be segmented into automotive and healthcare. The automotive industry is the dominant segment in the returnable packaging market. The industry requires packaging solutions that are durable, reusable, and sustainable to transport their heavy and bulky components and spare parts. The use of returnable packaging products such as pallets, racks, and containers reduces packaging waste and transportation costs. Additionally, the increasing adoption of automation in the automotive industry for material handling is driving the demand for returnable packaging solutions.

The healthcare industry is expected to be the fastest-growing segment in the returnable packaging market. The industry requires specialized packaging solutions for the transportation of medical equipment, devices, and pharmaceutical products. The use of returnable packaging products such as crates, totes, and containers helps to maintain product integrity during transportation, reduce packaging waste, and comply with regulatory standards. The increasing demand for sustainable packaging solutions and the rising focus on infection control are driving the growth of the healthcare segment in the returnable packaging market.

Global Returnable Packaging Market By Type, 2023 (%)

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Returnable Packaging Market Regional Insights

North America dominated the global returnable packaging market due to the presence of key end-use industries such as automotive, food and beverage, and pharmaceuticals. The United States is a significant contributor to the growth of the returnable packaging market in North America due to the increasing adoption of sustainable business practices by companies operating in the region. The growing awareness among consumers regarding sustainable packaging solutions and the stringent regulatory standards for packaging waste reduction are driving the demand for returnable packaging products in the region.

APAC is the fastest-growing region in the global returnable packaging market due to the rapid industrialization and increasing demand for sustainable packaging solutions. The region is home to some of the fastest-growing economies such as China and India, which are major contributors to the growth of the returnable packaging market. The growing focus on reducing packaging waste and improving supply chain efficiency is driving the adoption of returnable packaging products in the region. The increasing demand for electronic and automotive components is also driving the growth of the returnable packaging market in APAC.

Global Returnable Packaging Market By Region, 2024-2031
  • Largest
  • Fastest

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Returnable Packaging Market Dynamics

Returnable Packaging Market Drivers

Increasing demand for sustainable and durable packaging products

  • The increasing demand for sustainable and durable packaging products from various end-use industries is a major driver of the global returnable packaging market. Returnable packaging products are designed to withstand rough handling throughout the supply chain and can be used multiple times, making them a cost-effective and eco-friendly alternative to expendable packaging. Companies are increasingly adopting sustainable business practices to improve their brand reputation and comply with regulatory standards, which is driving the demand for returnable packaging products. Furthermore, the economic benefits of returnable packaging, such as lower cost per trip and reduced costs associated with purchase and disposal, are also contributing to market growth.

Returnable Packaging Market Restraints

Higher transportation cost

  • One major restraint of the global returnable packaging market is the higher transportation cost associated with returnable packaging products due to their return trip. Returnable packaging products also occupy significant storage space and require periodic maintenance, which can increase the material handling costs. In addition, theft or misplacement of products is a concern, which may require the incorporation of tracking devices, further increasing costs. These factors can negatively impact product demand, particularly for smaller companies with limited budgets. However, the growing demand for sustainable packaging solutions and the economic benefits of returnable packaging are expected to offset these restraints to some extent.

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Returnable Packaging Market Competitive Landscape

The global returnable packaging market is highly competitive, with the presence of several local and international players. Key companies are mainly attracted to returnable packaging products due to their sustainability, economic benefits, and ergonomic advantages. These companies are increasingly investing in research and development activities to introduce innovative packaging solutions that can withstand rough handling throughout the supply chain. Furthermore, companies are also focusing on strategic partnerships, mergers, and acquisitions to expand their market share and gain a competitive advantage. The market is expected to witness intense competition in the coming years due to the growing demand for sustainable and durable packaging solutions.

Returnable Packaging Market Top Player’s Company Profiles

  • Schütz GmbH & Co. KGaA (Germany)
  • Schoeller Allibert Group B.V. (Netherlands)
  • Nefab AB (Sweden)
  • DS Smith Plc (UK)
  • Rehrig Pacific Company (US)
  • Menasha Corporation (US)
  • Georg Utz Holding AG (Switzerland)
  • TriEnda Holdings LLC (US)
  • Monoflo International, Inc. (US)
  • SSI SCHAEFER Packaging GmbH (Germany)
  • CABKA Group GmbH (Germany)
  • Orbis Corporation (US)
  • Buckhorn Inc. (US)
  • Clip-Lok SimPak (Denmark)
  • Polymer Logistics N.V. (Netherlands)
  • IPL Inc. (Canada)
  • Linpac Senior Holdings Limited (UK)

Returnable Packaging Market Recent Developments

  • In April 2024, IFCO, a leading provider of reusable packaging containers, announced its acquisition of BEPCO, a prominent reusable packaging pooling company headquartered in Tallinn, Estonia. BEPCO specializes in meat and dairy crate pools in the Baltics. This strategic acquisition aims to enhance IFCO's market presence and expand its product portfolio in the region. 
  • In January 2024, a coalition comprising non-profit organizations, industry stakeholders, and non-governmental organizations came together to establish the Alliance for Sustainable Packaging for Foods (ASPF). The alliance aims to collaborate with governments and regulators worldwide to advocate for safe, sustainable, holistic, and harmonized regulations governing food packaging. 
  • In June 2023, Puracy, a company specializing in plant-based cleaning products, introduced a new refill packaging solution featuring aluminum cans and reusable bottles. This innovation aims to streamline the refill process by eliminating the inconvenience, mess, and time associated with existing refill products.

Returnable Packaging Key Market Trends

  • One trend in the global returnable packaging market is the increasing demand for smart and connected returnable packaging solutions. With the advancements in technology, companies are incorporating IoT sensors and other tracking devices in their packaging solutions to monitor the location, condition, and movement of products. These solutions enable real-time tracking and supply chain visibility, ensuring timely delivery of products and reducing the risk of loss or theft. Additionally, the data collected by these sensors can be used for inventory management, route optimization, and performance analysis, leading to greater efficiency and cost savings in the supply chain.

Returnable Packaging Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our global returnable packaging market analysis, the market is expected to grow significantly due to the increasing demand for sustainable and durable packaging solutions in various end-use industries. Returnable packaging products are made of durable materials and designed to withstand rough handling throughout the supply chain. While the initial investment for such products is high, with increasing trips, a lower cost per trip can be achieved, ensuring a rapid return on investment. The market is segmented by type, application, and region. A major trend in the market is the incorporation of IoT sensors and tracking devices in returnable packaging solutions for greater supply chain efficiency and real-time tracking.

Report Metric Details
Market size value in 2023 USD 104.7 billion
Market size value in 2031 USD 163.82 billion
Growth Rate 5.10%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Type
    • Pallets and Crates
  • End-User
    • Automotive and Healthcare
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Schütz GmbH & Co. KGaA (Germany)
  • Schoeller Allibert Group B.V. (Netherlands)
  • Nefab AB (Sweden)
  • DS Smith Plc (UK)
  • Rehrig Pacific Company (US)
  • Menasha Corporation (US)
  • Georg Utz Holding AG (Switzerland)
  • TriEnda Holdings LLC (US)
  • Monoflo International, Inc. (US)
  • SSI SCHAEFER Packaging GmbH (Germany)
  • CABKA Group GmbH (Germany)
  • Orbis Corporation (US)
  • Buckhorn Inc. (US)
  • Clip-Lok SimPak (Denmark)
  • Polymer Logistics N.V. (Netherlands)
  • IPL Inc. (Canada)
  • Linpac Senior Holdings Limited (UK)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Returnable Packaging Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Returnable Packaging Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Returnable Packaging Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Returnable Packaging Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Returnable Packaging Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Returnable Packaging Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Returnable Packaging Market size was valued at USD 104.7 billion in 2022 and is poised to grow from USD 110.04 billion in 2023 to USD 163.82 billion by 2031, growing at a CAGR of 5.10% in the forecast period (2024-2031).

The returnable packaging market is highly competitive, with the presence of several local and international players. Key companies are mainly attracted to returnable packaging products due to their sustainability, economic benefits, and ergonomic advantages. These companies are increasingly investing in research and development activities to introduce innovative packaging solutions that can withstand rough handling throughout the supply chain. Furthermore, companies are also focusing on strategic partnerships, mergers, and acquisitions to expand their market share and gain a competitive advantage. The market is expected to witness intense competition in the coming years due to the growing demand for sustainable and durable packaging solutions. 'Brambles Limited (Australia)', 'Myers Industries, Inc. (US)', 'Schütz GmbH & Co. KGaA (Germany)', 'Schoeller Allibert Group B.V. (Netherlands)', 'IPL Plastics Inc. (Canada)', 'Nefab AB (Sweden)', 'DS Smith Plc (UK)', 'Rehrig Pacific Company (US)', 'Menasha Corporation (US)', 'Georg Utz Holding AG (Switzerland)', 'TriEnda Holdings LLC (US)', 'Monoflo International, Inc. (US)', 'SSI SCHAEFER Packaging GmbH (Germany)', 'CABKA Group GmbH (Germany)', 'Orbis Corporation (US)', 'Buckhorn Inc. (US)', 'Clip-Lok SimPak (Denmark)', 'Polymer Logistics N.V. (Netherlands)', 'IPL Inc. (Canada)', 'Linpac Senior Holdings Limited (UK)'

The increasing demand for sustainable and durable packaging products from various end-use industries is a major driver of the returnable packaging market. Returnable packaging products are designed to withstand rough handling throughout the supply chain and can be used multiple times, making them a cost-effective and eco-friendly alternative to expendable packaging. Companies are increasingly adopting sustainable business practices to improve their brand reputation and comply with regulatory standards, which is driving the demand for returnable packaging products. Furthermore, the economic benefits of returnable packaging, such as lower cost per trip and reduced costs associated with purchase and disposal, are also contributing to market growth.

One trend in the returnable packaging market is the increasing demand for smart and connected returnable packaging solutions. With the advancements in technology, companies are incorporating IoT sensors and other tracking devices in their packaging solutions to monitor the location, condition, and movement of products. These solutions enable real-time tracking and supply chain visibility, ensuring timely delivery of products and reducing the risk of loss or theft. Additionally, the data collected by these sensors can be used for inventory management, route optimization, and performance analysis, leading to greater efficiency and cost savings in the supply chain.

North America dominated the returnable packaging market due to the presence of key end-use industries such as automotive, food and beverage, and pharmaceuticals. The United States is a significant contributor to the growth of the returnable packaging market in North America due to the increasing adoption of sustainable business practices by companies operating in the region. The growing awareness among consumers regarding sustainable packaging solutions and the stringent regulatory standards for packaging waste reduction are driving the demand for returnable packaging products in the region.

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Global Returnable Packaging Market

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