The Rise of custom railings, tailoring safety and style in design suggests that the market is anticipated to cross USD 72 Billion by 2029.
Manufacturing & Industry
For sustainable and environmentally friendly packaging, returnable packaging is the best alternative among all.
The global returnable packaging market is witnessing robust growth at present as well as in the forecast period. Returnable packaging is also called as reusable packaging systems. Returnable packaging systems are used several times. Returnable packaging provides the best solution for the handling and transportation of the products. Firstly, the initial investment for the returnable packaging is high, although the benefits of that system give the maximum returns to the manufacturers and to the suppliers of the products. Today, companies are striving to make an impact with their customers that they are concerned about the environment at all and want to create a positive image among their customers. Returnable packaging solutions are sustainable and environmentally friendly; they have less impact on the environment, less carbon footprint and protect the environment from hazardous materials. Returnable packaging saves the environment from the damage created by new packaging, and it also saves money for the company since they only have to pay for the packaging once. Returnable packaging solutions are made from durable materials like plastic, wood, metals, glass, and foam. Returnable packaging solutions provide a strong exterior; by using it many times, it gives the advantage of a lower cost per trip for the manufacturers. Returnable packaging provides the best solution for the handling, storage, and transportation of products from one place to another. The import and export activities of the countries play an important role in the growth of the returnable packaging system. Returnable or reusable packaging is a system that includes various types of products like reusable racks, pallets, hand-held containers, or bulk containers, IBCs, drums, dunnage that move products safely and efficiently throughout the supply chain.
Main key factors for the driving the returnable packaging industry is the various shape of the pack, which is optimized to help save logistics space without any damage and provide protection of the product packed inside. Companies are investing in various R & D activities in order to manufacture innovative and better-performing returnable packaging solutions. Returnable packaging solutions give the advantage of saving the transportation costs, and the returnable packaging solutions are lightweight and stackable, thereby eliminating wastage of space. The various innovations in the returnable packaging market like RFID tags and tracking systems for the products are major driving factors for the growth of the market. Manufacturers can easily track their products using the systems and handle the overall supply chain process.
According to the report title, “Global Returnable Packaging Market Outlook, 2027”, publish by Bonafide research, the market was value at around USD 104 Billion in 2021 and it is anticipated to grow with the CAGR of 6.13%from 2022 to 2027. The global returnable packaging solutions market is segmented into five major regions: North America, Europe, South America, Asia-Pacific, and Middle East & Africa. The Asia-Pacific region led the market for global returnable packaging. The Asia-Pacific region is expected to increase at the highest growth rate in the forecast period. The fastest growing countries in the Asia-Pacific region, like India, China, and Japan, are investing more in industrial activities. That will lead to the high demand for returnable packaging solutions in the region. In India, import and export activities are the main factors for growth. Rapid expansion of industries, urbanization, and an increasing e-commerce sector in the region are propelling the growth of returnable packaging solutions in the Asia Pacific region. Manufacturers are increasingly investing in returnable packaging systems because they give the maximum benefits during the logistics process.
Returnable packaging systems are a practice of reusing packaging materials without spoiling their protective function to move products safely and effectively throughout the supply chain. Returnable packaging solutions can be used by any industrial sector looking to cut packaging costs. According to the report, based on end-use, the market is segmented into food and beverages, automotives, consumer durables, healthcare, and other segments. The food and beverage industries are leading the market share of global returnable packaging solutions. Various trends in the food processing and packaging industries are driving the market growth of returnable packaging. Consumers' demand for packaged foods, safe deliveries, and health consciousness led to the need for returnable packaging solutions across the globe. The food and beverages sector is estimated to cover more than 35% of the market share during the forecast period. The automotive sector is expected to grow at the fastest rate in the global returnable packaging market during the forecast period. Automotive manufacturers are primarily using returnable packaging solutions for the transportation of their semi-finished and finished auto components, such as body parts, from one place to another. According to the report, based on product type, the market is segmented into pallets, crates, intermediate bulk containers (IBCs), tanks, drums, and barrels, and other segments. The pallets segment is leading the market with more than 60% of the value market share, followed by the crates segment. The pallets are used for long distance shipments, and they are the safest solution for the protection of the products. Based on the material type, market is segmented into plastic, wood, metal, and other types. Plastic is the most usable material in the returnable packaging market because of its durable and convenient packaging solutions. Plastic pallets and containers are used to store and ship full loads of products in various industries. Companies are mainly attracted to returnable packaging products because of their sustainability and economic benefits. Economic benefits include lower costs per trip over a long distance and a reduction in costs for the purchase and disposal of expendable packaging.
The European region is also estimating the potential growth in the returnable packaging market during the forecast period. Countries with a strong industrial base like Germany, France, Italy, and the UK will play an important role in the development of the European returnable packaging market. The growing end-use industries like food and beverages, healthcare, automotives, consumer durables, and others are likely to fuel the demand for returnable packaging solutions during the forecast period in the European region. In the North America region, the USA is driving the market for returnable packaging because of the research and development activities in their various industries. Sustainable business practices of the manufacturers are driving the market's growth. The Middle East & Africa region is fueling the demand because of the growth of the e-commerce sector and governments are focusing on domestic production. So that will lead to the immense growth of the returnable packaging market in the forecast period.
Major players in the global returnable packaging market and some of the recent developments of the companies are as follows:
• In August 2021, Nefab Group has introduced FiberFlute, an eco-friendly alternative to foam. This new product is a result of the partnership between Nefab Group AB (Nefab) and Corruven Canada Inc. (Corruven). Through Nefab’s global footprint and exclusivity of Corruven’s FiberFlute, customers can protect their products while minimizing total costs and environmental impact. FiberFlute is different from plastic-based packaging because it is 100% fiber-based and paper-recyclable solution. Moreover, FiberFlute can absorb more shock with less material compared to polyethylene foam, perform in both dry and humid conditions, and resist multiple drops.
• In May 2021, Nefab has expanded its footprint in the North American region. The company has added production sites in Houston (Texas), Tucson (Arizona), and Gainesville (Florida) in the US.
• In March 2021, Suhutz, in order to meet the requirements in the supply chain and fulfill customer expectations, has added the new Ecobulk MX 560 to its extensive product range. This new IBC has a lower height than standard models and a nominal volume of 560 liters or 150 gallons, which makes it ideal for applications where smaller containers are an advantage, but where maximum performance and the highest quality are also decisive.
• In 2021, Schoeller Allibert has introduced a pallet box made from recycled fishing nets. With this upcycling result, the company is reinforcing its sustainability strategy in recent years. Under the motto 'Making plastic packaging too good to waste,' the company further focuses on increasing the sustainable benefits of its packaging products.
• In 2020, Schoeller Allibert has launched a JumboNest—a sustainable, hygienic, fully stackable and designed to maximize freight storage, returnable packaging product. The launched product is food safe, robust, and manufactured to withstand extreme temperatures from 44.6° F to +104°F and is a suitable choice for industries including food & food processing, beverage, agriculture, retail, industrial manufacturing, and recycling.
• Eco Novus Packaging, the most famous Indian Company in collaboration has started giving the returnable packaging for those assembly components and has completed the knockdown operations for the users.
Nefab, a global packaging and logistics services provider, established production sites across regions to expand its global footprint. Nefab has several productions units across India and they are a well-established name in the Indian Market. Nefab is diversifying its product portfolio by venturing into sustainable packaging and logistics services and facilitating the reduction of operating costs for its customers. The expansion aims to gain a competitive advantage by increasing market share and revenue.
Main key factors for the driving the returnable packaging industry is the various shape of the pack, which is optimized to help save logistics space without any damage and provide protection of the product packed inside. Companies are investing in various R & D activities in order to manufacture innovative and better-performing returnable packaging solutions. Returnable packaging solutions give the advantage of saving the transportation costs, and the returnable packaging solutions are lightweight and stackable, thereby eliminating wastage of space. The various innovations in the returnable packaging market like RFID tags and tracking systems for the products are major driving factors for the growth of the market. Manufacturers can easily track their products using the systems and handle the overall supply chain process.
According to the report title, “Global Returnable Packaging Market Outlook, 2027”, publish by Bonafide research, the market was value at around USD 104 Billion in 2021 and it is anticipated to grow with the CAGR of 6.13%from 2022 to 2027. The global returnable packaging solutions market is segmented into five major regions: North America, Europe, South America, Asia-Pacific, and Middle East & Africa. The Asia-Pacific region led the market for global returnable packaging. The Asia-Pacific region is expected to increase at the highest growth rate in the forecast period. The fastest growing countries in the Asia-Pacific region, like India, China, and Japan, are investing more in industrial activities. That will lead to the high demand for returnable packaging solutions in the region. In India, import and export activities are the main factors for growth. Rapid expansion of industries, urbanization, and an increasing e-commerce sector in the region are propelling the growth of returnable packaging solutions in the Asia Pacific region. Manufacturers are increasingly investing in returnable packaging systems because they give the maximum benefits during the logistics process.
Returnable packaging systems are a practice of reusing packaging materials without spoiling their protective function to move products safely and effectively throughout the supply chain. Returnable packaging solutions can be used by any industrial sector looking to cut packaging costs. According to the report, based on end-use, the market is segmented into food and beverages, automotives, consumer durables, healthcare, and other segments. The food and beverage industries are leading the market share of global returnable packaging solutions. Various trends in the food processing and packaging industries are driving the market growth of returnable packaging. Consumers' demand for packaged foods, safe deliveries, and health consciousness led to the need for returnable packaging solutions across the globe. The food and beverages sector is estimated to cover more than 35% of the market share during the forecast period. The automotive sector is expected to grow at the fastest rate in the global returnable packaging market during the forecast period. Automotive manufacturers are primarily using returnable packaging solutions for the transportation of their semi-finished and finished auto components, such as body parts, from one place to another. According to the report, based on product type, the market is segmented into pallets, crates, intermediate bulk containers (IBCs), tanks, drums, and barrels, and other segments. The pallets segment is leading the market with more than 60% of the value market share, followed by the crates segment. The pallets are used for long distance shipments, and they are the safest solution for the protection of the products. Based on the material type, market is segmented into plastic, wood, metal, and other types. Plastic is the most usable material in the returnable packaging market because of its durable and convenient packaging solutions. Plastic pallets and containers are used to store and ship full loads of products in various industries. Companies are mainly attracted to returnable packaging products because of their sustainability and economic benefits. Economic benefits include lower costs per trip over a long distance and a reduction in costs for the purchase and disposal of expendable packaging.
The European region is also estimating the potential growth in the returnable packaging market during the forecast period. Countries with a strong industrial base like Germany, France, Italy, and the UK will play an important role in the development of the European returnable packaging market. The growing end-use industries like food and beverages, healthcare, automotives, consumer durables, and others are likely to fuel the demand for returnable packaging solutions during the forecast period in the European region. In the North America region, the USA is driving the market for returnable packaging because of the research and development activities in their various industries. Sustainable business practices of the manufacturers are driving the market's growth. The Middle East & Africa region is fueling the demand because of the growth of the e-commerce sector and governments are focusing on domestic production. So that will lead to the immense growth of the returnable packaging market in the forecast period.
Major players in the global returnable packaging market and some of the recent developments of the companies are as follows:
• In August 2021, Nefab Group has introduced FiberFlute, an eco-friendly alternative to foam. This new product is a result of the partnership between Nefab Group AB (Nefab) and Corruven Canada Inc. (Corruven). Through Nefab’s global footprint and exclusivity of Corruven’s FiberFlute, customers can protect their products while minimizing total costs and environmental impact. FiberFlute is different from plastic-based packaging because it is 100% fiber-based and paper-recyclable solution. Moreover, FiberFlute can absorb more shock with less material compared to polyethylene foam, perform in both dry and humid conditions, and resist multiple drops.
• In May 2021, Nefab has expanded its footprint in the North American region. The company has added production sites in Houston (Texas), Tucson (Arizona), and Gainesville (Florida) in the US.
• In March 2021, Suhutz, in order to meet the requirements in the supply chain and fulfill customer expectations, has added the new Ecobulk MX 560 to its extensive product range. This new IBC has a lower height than standard models and a nominal volume of 560 liters or 150 gallons, which makes it ideal for applications where smaller containers are an advantage, but where maximum performance and the highest quality are also decisive.
• In 2021, Schoeller Allibert has introduced a pallet box made from recycled fishing nets. With this upcycling result, the company is reinforcing its sustainability strategy in recent years. Under the motto 'Making plastic packaging too good to waste,' the company further focuses on increasing the sustainable benefits of its packaging products.
• In 2020, Schoeller Allibert has launched a JumboNest—a sustainable, hygienic, fully stackable and designed to maximize freight storage, returnable packaging product. The launched product is food safe, robust, and manufactured to withstand extreme temperatures from 44.6° F to +104°F and is a suitable choice for industries including food & food processing, beverage, agriculture, retail, industrial manufacturing, and recycling.
• Eco Novus Packaging, the most famous Indian Company in collaboration has started giving the returnable packaging for those assembly components and has completed the knockdown operations for the users.
Nefab, a global packaging and logistics services provider, established production sites across regions to expand its global footprint. Nefab has several productions units across India and they are a well-established name in the Indian Market. Nefab is diversifying its product portfolio by venturing into sustainable packaging and logistics services and facilitating the reduction of operating costs for its customers. The expansion aims to gain a competitive advantage by increasing market share and revenue.
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