In 2023, it is anticipated that the global market for reusable packaging would be worth US$109.09 billion. By 2033, the market is anticipated to grow at a respectable CAGR of 5.5%, reaching a value of US$ 186.34 billion.
According to FMI, during the evaluation period, demand for plastic reusable packaging is expected to increase. In 2021, the plastic material market will offer a total opportunity of US$18.3 billion. From 2023 to 2033, the United States is predicted to grow at a 4.2% CAGR and is projected to reach US$ 24.17 billion in 2023.
Reusable packaging is made of foam, foamed plastic, metal, wood, glass, or other materials. Due to the rise of the food and pharmaceutical industries, the market is expanding significantly throughout the Middle East and Africa.
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The market in North America and Europe is anticipated to expand quickly as more consumers switch from unsustainable packaging solutions that are difficult to handle, expensive, and leave large carbon footprints.
The logistics of packaged bulk products are likely to see new opportunities in developing nations like China, India, and Brazil. It is projected that these nations will have a large supply of raw materials for creating recyclable boxes and containers. Additionally, the manufacturing sector is growing in emerging economies, and the demand for affordable packaging materials is increasing.
Key Companies:
- Tri-pack Packaging Systems Ltd
- Brambles
- DS Smith
- IPL Plastics
- Menasha Corporation
- Myers Industries
- Nefab Group
- Rehrig Pacific Company
- Schoeller Allibert
- Schütz GmbH & Co. KGaA
- Vetropack Holding
- Buckhorn
- IFCO SYSTEMS
- RPP Containers
- Amatech
- ORBIS Corporation
- Alpega Group
- GEFCO
2018 to 2022 Outlook for Reusable Packing Demand in the World from 2023 to 2033
The market for reusable packaging experienced a CAGR of 4.5% over the preceding ten years. Numerous industries, including the food and beverage, automotive, and logistics and transportation sectors, have seen a rapid rise in demand for reusable packing solutions. To meet this growing demand, manufacturers are expanding their manufacturing capacities across the globe.
Additionally, increased environmental concerns and consumer knowledge of the availability of reusable packaging materials are likely to support expansion.
Reusable packaging is increasingly being used by the pharmaceutical and automobile industries to cut waste and lower carbon footprints. The aforementioned reasons will cause the market to grow steadily at a rate of 5.5%.
Global Reusable Packing Market Outlook by Category
By Material:
- Plastic
- Metal
- Wood
- Glass
- Foam
By Product Type:
- Pallets
- Crates
- Dunnage
- Intermediate Bulk Containers (IBC)
- Boxes
- Drums & Barrels
By End-use Industry:
- Food & Beverages
- Automotive
- Chemicals
- Building & Construction
- Pharmaceuticals
- Logistics & Transportation
- Consumer Durables
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- The Middle East & Africa
- Oceania
