Europe Returnable Packaging Market Outlook, 2027
Various trends in the returnable packaging market drive market growth in the region. Returnable or reusable packaging systems are the most sustainable packaging solutions, which give various benefits to the end users and also to the manufacturers. Manufacturers are investing all at once in returnable packaging systems, which will provide benefits at various times for product shipments. Returnable products are used many times and can be recycled at the end of their lifecycle, making them more environmentally friendly packaging solutions. Returnable products come with many benefits; they include tear-resistance, being easily foldable, drillable, and stitchable, and fitting right for every shipment. Choosing proper and effective returnable packaging solutions for the products gives various benefits to the manufacturers. It can reduce the overall shipping costs. There is less need for the manufacturers to purchase returnable pallets or containers. Low cost, sustainability, and environmentally friendly solutions are reasons for the growth of the returnable packaging market. Increasing demands of the end-use industries like food and beverages, pharmaceuticals, and automotive sectors are also considered as the driving factors for the returnable packaging market. The main use of returnable packaging products is to safely move materials or products. This type of returnable packaging can be used internally to move product from one process to another or to different areas of the plant for storage or future processing in industries. Returnable packaging can also be used to move products between manufacturers with different processing specialties. The European returnable packaging market is segmented into the six major countries, namely: Germany, France, UK, Italy, Spain, and Russia.
According to the report title, “Europe Returnable Packaging Market Outlook, 2027”, publish by Bonafide research, the market was value at around USD 29.63 Billion in 2021 and it is anticipated to grow with the CAGR of 5.24% during the forecast period of 2022-2027. Europe is estimated to achieve immense growth in the returnable packaging market during the forecast period. Countries in Europe with an industrial base like the UK, Germany, Spain, and Russia will play an important role in the returnable packaging market. The growing end-use industries also play a very significant role in the European returnable packaging market.
According to the report, based on end-use, the market is segmented into food and beverages, automotives, consumer durables, healthcare, and other segments. The food and beverages sector led the market for returnable packaging in the region. Growing demand for packaged food, fresh food products, changing lifestyles and health concerns are the factors that led to the demand for returnable packaging. The food and beverage sector is estimated to account for more than 34% of the market share during the forecast period. Automotive sectors are also growing in the returnable packaging market. Automotive manufacturing industries are widely recognized as one of the earliest applications of reusable packaging in the European region. According to the report, based on product type, the market is segmented into pallets, crates, intermediate bulk containers (IBCs), tanks, drums, and barrels, and other segments. The pallets segment is leading the market with more than 55% of the value market share, followed by the crates segment. Based on the material type, market is segmented into plastic, wood, metal, and other types. Plastic is the most usable material in the returnable packaging market because of its durable and convenient packaging solutions. Plastic pallets and containers are used to store and ship full loads of products in various industries.
Firstly, because of COVID-19, the export activities of the region are largely affected. Since the outbreak of COVID-19, the region has experienced a shortage of raw materials for the production and manufacturing of returnable packaging materials. However, due to the panic buying for food and other necessities, the demand for returnable packaging was also increasing.
Major Companies present in the market:
Brambles Limited, Menasha Corporation, Schütz GmbH & Co. KGaA, Orbis Corporation, Schoeller Allibert AB, Nefab Group, IPL Plastics Inc., Tri-pack Packaging Systems Limited, M J Solpac Limited, Ufp Technologies, Inc., Ckdpack Packaging Private Limited, TrenStar, DS Smith, IFCO SYSTEMS, Clip-Lok SimPak
Considered in this report
• Geography: Europe
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027
Aspects covered in this report
• Europe Returnable Packaging market with its value and forecast along with its segments
• Country-wise returnable packaging market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation
Countries covered in the report
• United Kingdom
Types of Material in the report:
By End-Use in the report:
• Food and Beverages
• Consumer Durables
Types of Product in the report:
• Intermediate Bulk Containers (IBCs)
• Tanks, Drums, and Barrels
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.
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.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook