What is Global Reusable Packaging Market?
The Global Reusable Packaging Market is a vast and dynamic sector that plays a crucial role in the global economy. It refers to the system of packaging products in containers or materials that can be used multiple times before being discarded or recycled. This market was valued at a whopping US$ 102590 million in 2023 and is projected to reach US$ 132740 million by 2030, growing at a steady CAGR of 3.7% during the forecast period of 2024 to 2030. The concept of reusable packaging is gaining traction worldwide due to its cost-effectiveness and environmental benefits. It reduces waste, conserves resources, and can significantly cut down on a company's carbon footprint. The market is dominated by major players like Brambles, which holds over 5% of the global market share, followed by ORBIS and IFCO.
Pallets, Rigid Containers, Crates, Totes, Trays & Bins, Plastic-corrugated Boxes, Panels, and Sleeves, Reusable Plastic Containers (RPCs), Tanks, Drums, and Barrels, Intermediate Bulk Containers (IBCs), Dunnage & Cargo Protection, Others in the Global Reusable Packaging Market:
The Global Reusable Packaging Market is segmented into various types, including Pallets, Rigid Containers, Crates, Totes, Trays & Bins, Plastic-corrugated Boxes, Panels, and Sleeves, Reusable Plastic Containers (RPCs), Tanks, Drums, and Barrels, Intermediate Bulk Containers (IBCs), Dunnage & Cargo Protection, and others. Each of these segments plays a unique role in the market. For instance, pallets, which make up about 65% of the market, are widely used in various industries for the transportation and storage of goods. Rigid containers and crates are known for their durability and are often used for shipping heavy or fragile items. On the other hand, RPCs, tanks, drums, and barrels are typically used for storing and transporting liquids or bulk materials. IBCs are versatile storage containers often used in industries that handle large quantities of liquids, such as the food and beverage or chemical industries. Dunnage and cargo protection products are essential for ensuring the safe transportation of goods, preventing damage during transit.
Food and Beverage, Automotive, FMCG, Retail and Wholesale, Industrial, Healthcare and Pharma, Others in the Global Reusable Packaging Market:
The Global Reusable Packaging Market finds its application in various sectors such as Food and Beverage, Automotive, FMCG, Retail and Wholesale, Industrial, Healthcare and Pharma, among others. In the Food and Beverage sector, which holds around 40% of the market share, reusable packaging is used to ensure the safe and hygienic transportation of food products. In the Automotive industry, it is used for the safe transportation of automotive parts. The FMCG sector uses reusable packaging for a wide range of products, from personal care items to household goods. In the Retail and Wholesale sector, reusable packaging is used to efficiently manage inventory and reduce waste. The Industrial sector uses it for the safe and efficient transportation of raw materials and finished goods. Lastly, in the Healthcare and Pharma sector, reusable packaging plays a crucial role in ensuring the safe transportation and storage of medical supplies and pharmaceuticals.
Global Reusable Packaging Market Outlook:
Looking at the market outlook, the Global Reusable Packaging Market is set for steady growth in the coming years. The market was valued at US$ 102590 million in 2023 and is expected to reach US$ 132740 million by 2030, growing at a CAGR of 3.7% during the forecast period of 2024 to 2030. The largest player in the market, Brambles, holds a share of over 5%, followed by other key players like ORBIS and IFCO. Asia is the largest market, accounting for over 45% of the global market, followed by Europe. In terms of type, pallets make up the largest segment, with a share of about 65%. In terms of end-user, the food and beverage segment holds the largest share, at around 40%. These figures indicate a promising future for the Global Reusable Packaging Market, with ample opportunities for growth and expansion.
| Report Metric | Details |
| Report Name | Reusable Packaging Market |
| Accounted market size in 2023 | US$ 102590 million |
| Forecasted market size in 2030 | US$ 132740 million |
| CAGR | 3.7% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| By Region |
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| By Company | Brambles, ORBIS, IFCO, Schoeller Allibert, DS Smith, Schutz, Tosca, Cabka Group, Rehrig Pacific Company, Craemer Group, IPL Plastics, Monoflo International, LOSCAM, Greystone Logistics, HOREN Group, Mpact Limited, Buckhorn, RPP Containers |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
