13 June 2019
Visiongain has launched a new packaging report Returnable Packaging Market Report 2019-2029: Forecasts by Product (IBCs, Pallets, Crates, Drums, Dunnage Bags, Others), by Material (Plastics, Metals, Wood, Other), and End-User (Food and Beverage, Automotive, Healthcare, Others) PLUS Profiles of Leading Companies and Regional and Leading National Market Analysis.
The global returnable packaging market is calculated to be worth $39.9bn in 2019. This is primarily attributed to significant demand from different end users. Returnable packaging products have been on rising demand from various end users. The rising demand for returnable packaging from end users can be attributed to their cost-effective nature, durability, rigidity, and a significant reduction in volume for transportation and storage. For instance, Intermediate Bulk Containers, i.e. IBCs, are in high demand from the food and beverage industry wherein they are used for the storage and transportation of bulk food and beverages.
Manufacturers in the returnable packaging market need to analyse consumer behaviour at a regular interval to gain recent trends happening in the market. Further, it enables manufacturers to introduce innovative returnable packaging solutions that meet end-user needs perfectly. This helps manufacturers to gain competitive advantages in the market and increase market presence. Increase in awareness among consumers, along with rising environmental concerns across the globe has encouraged vital players in the returnable packaging market to adopt environment-friendly techniques and solutions in their packaging process. For instance, packaging companies are inclined towards utilising recycled materials, operating on green energy, delivery using electric cars. Packaging producers need to be cautious as any disruption in public will harm the manufacturer, including bad public relations resulting in loss of reputation, client loyalty, and financial losses.
"The government’s growing attention towards minimisation of waste arising due to packaging disposal coupled with an increase in trading activities globally is propelling the demand for the global returnable packaging market." – Visiongain Analyst
Leading companies featured in the report who are offering returnable packaging solutions and services include Amatech Inc., Brambles, DS Smith, GWP Group, Menasha Corporation, Nefab Group, Rehrig Pacific Company, Inc., RPP Containers, Schoeller Allibert, and Schütz GmbH & Co. KGaA.
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