Such factors are likely to contribute to the growth of the Returnable Packaging Automotive market globally. The Returnable Packaging Automotive market is likely to experience healthy growth due to the increasing demand from end use industries owing to its robust performance. Mounting vehicle production across the globe is also expected to influence the market.

Segmental Analysis

By product type, the Returnable Packaging Automotive market is segmented into crates, pallets, intermediate bulk container (IBC), drums & barrels, dunnage, bottles, and others. Of these, IBC containers are likely to dominate the market due to the surging demand from several end use applications like petroleum & lubricants and F&B. IBCs are highly preferred as they offer durability, high strength, and long span.

By end use, the market is segmented into food & beverages, automotive, consumer goods, and pharmaceuticals & healthcare. Of these, the automotive segment is predicted to expand at the highest rate due to the rising use of returnable containers by the automotive manufactures to transport automotive parts to the suppliers.

Regional Frontiers

Geographically, the Returnable Packaging Automotive market spans across Europe, North America, Asia Pacific, and Rest of the World (RoW).

North America will experience the fastest growth rate due to rapidly expanding consumer markets and the high availability of natural resources. In this region, the U.S. is considered to be the primary contributor to the market growth. The shifting preferences of large retailers towards block pallets and increased use of reusable packaging in the F&B industry are likely to fuel the market growth in North America.

India and China in the Asia Pacific are anticipated to contribute significantly, owing to the rapid growth in manufacturing activities and industrialization.

Competitive Dashboard

The players dominating the global Returnable Packaging Automotive market include Schoeller Allibert (Netherlands), Brambles (Australia), DS Smith (UK), Menasha Corporation (US), Nefab Group (Sweden), Myers Industries (US), IPL Plastics (Ireland).