Though Returnable Packaging Containers reduces disposal cost and purchase cost, it increases the logistics cost due to the need to control the return cycle. Thus, the higher cost is a major concern likely to vitiate the market growth across the globe.

Segmental Analysis

The Returnable Packaging Containers market is segmented on the basis of material, product type, and end-use.

By material, the Returnable Packaging Containers market is segmented into metal, plastic, wood, and others.

By product type, the Returnable Packaging Containers 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 Containers 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.

Industry Updates

June 2019: The catering equipment hire company, Well Dressed Tables, has recently signed a two-year contract to offer operational services for CupClub, a Returnable Packaging Containers service for drinks. CupClub offers Returnable Packaging Containers service with end-to-end service, thus eliminating single-use plastic packaging.

Competitive Dashboard

The players dominating the global Returnable Packaging Containers market include Schoeller Allibert (Netherlands), Brambles (Australia), DS Smith (UK), Menasha Corporation (US), Nefab Group (Sweden), Myers Industries (US), IPL Plastics (Ireland), Rehrig Pacific Company (US), Vetropack Holding (Switzerland), and Schutz GmbH & Co. KGaA (Germany).