Australia Returnable Packaging Market Overview, 2027

Australia Returnable Packaging Market Overview, 2027

Bonafide Research 18-10-2022 52 Pages Figures : 7 Tables : 21
Region : Asia-Pacific Country : Australia Category : Manufacturing & Industry Machinery, Parts & Equipment

"Australia, a big and vibrant country recognised for its various sectors and environmental dedication, has a powerful and fast developing returnable packaging industry. With an increasing understanding of the environmental effect of traditional packaging methods, Australia has embraced the notion of returnable packaging as a means of reducing waste, improving supply chain efficiency, and promoting circular economy concepts. The Australian returnable packaging industry provides a diverse range of creative and reusable packaging solutions to industries such as food and drinks, automotive, retail, and manufacturing. Australian enterprises are at the forefront of inventing and producing sustainable packaging choices, from robust plastic crates and pallets to collapsible containers and specialised returnable packaging systems. Waste reduction, cost optimisation, and increased logistical efficiency are driving this industry. Businesses in Australia may drastically lower their carbon footprint, cut packaging waste, and improve the overall sustainability of their operations by using returnable packaging. Furthermore, returnable packaging technologies aid in the streamlining of supply chains, the reduction of transportation costs, and the safe and efficient movement of goods. The Australian returnable packaging industry continues to expand, responding to the distinct demands of businesses seeking ecologically responsible solutions with an emphasis on quality, durability, and customisation. The returnable packaging market is critical in establishing a greener, more efficient, and commercially viable packaging environment as Australia seeks for a more sustainable future. According to the report title, """"Australia Returnable Packaging Market Overview, 2027,"""" published by Bonafide research, the market is anticipated to grow with a CAGR of 6.24% during the forecast period of 2022 to 2027. The government in Australia is also supporting the use of sustainable products. Various rules and regulations are formed by the government to reduce the environmental impact of hazardous packaging materials. The government is also focusing on domestic production; increasing domestic production activities will boost the market for returnable packaging in Australia. The chemical industry is growing in Australia. The need for effective and safe packaging solutions for chemical products will ultimately give rise to the returnable packaging market in the forecast period. The food and beverages segment is leading the market with more than 37% of the value market share in Australia. The increasing production of the automotive industry in Australia is also striving for returnable packaging products for the transportation of vehicles and automotive parts. The automotive sector is estimated to grow at the highest CAGR during the forecast period. The pallets segment is leading the market, followed by the crates segment. The market is segmented into four categories based on the material type: plastic, wood, metal, glass, and foam. The plastic segment is leading the returnable packaging market in Australia. Light weight, durability, and convenience are factors that lead to the high demand for plastic as a packaging material. Considered in this report • Geography: Australia • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • Australia Returnable Packaging market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Five Force models • Top profiled companies • Strategic recommendation Types of Material in the report: • Plastic • Metal • Wood • Others By End-Use in the report: • Food and Beverages • Automotive • Consumer Durables • Healthcare • Others Types of Product in the report: • Pallets • Crates • Intermediate Bulk Containers (IBCs) • Tanks, Drums, and Barrels • Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to returnable packaging industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry. """

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