Published by TMR Research Insights
Posted on August 18, 2021
Improvisations in material handling and logistics over time has brought sustainability in the mainstream, companies are increasingly focusing on implementing returnable packaging, so as to reduce transportation and handling losses and avoid repurchasing of disposable packaging. Within close loop supplies, manufacturers usually adopts ‘milk run’ to supply their products, returnable packaging systems market forms crucial part of such supply chain, as manufacturers/suppliers do not need to invest again in disposable packaging. Returnable packaging proves beneficial and cost effective for businesses where timely and safe delivery of products is of utter importance.
According to Reusable Packaging Association, the returnable packaging system market witnessed annual growth between 8–10% over past few years. The returnable packages are available in form of reusable pallets, hand-held containers, racks, bulk containers, etc. returnable packaging systems has a longer life span as these are made from durable materials such as plastic, wood and metals. Returnable packaging systems offer other distinctive features such as appealing aesthetics, easier to clean and stronger than disposable packaging systems. Despite many operational benefits, returnable packaging systems may not be desired by every supply system due to its capital intensive nature. Returnable packaging systems are extensively used for FMCG and are significantly increasing their penetration in pharmaceutical and healthcare industries. Besides food and pharmaceutical industries returnable packaging systems find their application in automotive and electronics industry.
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The growth of returnable packaging systems market is driven by demands from food & beverage, consumer good, pharmaceuticals and automotive industry. Due to its durability and robust performance, returnable packaging is preferred in various end use applications which in turn surges demand for returnable packaging systems markets. Rising level of wages in developing countries is expected to significantly increase consumer spending which in turn will support growth of the returnable packaging systems market. Substantially increasing global vehicle production is also expected to support the growth of the market.
However, though returnable packaging system reduces packaging purchase and disposal costs but at the same time logistics cost is increased due to need to control return cycle. Hence higher cost is a factor which could hamper growth of the market. Further, existing economic uncertainty in some countries of Asia and Latin America could hamper growth of the market.
The global returnable packaging systems market is segmented as follows:
On the basis of product type:
On the basis of material type:
On the basis of end-use industry:
The production and demand trends in the global returnable packaging systems market varies from region to region. With highest manufacturing output across the globe, Asia pacific is expected to be the largest market for returnable packaging systems by volume. Further, rapidly growing industrialization in major countries in the region will boost revenue of the returnable packaging systems market.
North America and Europe are expected to be next big market for returnable packaging systems. Demand in these regions are dominated from food and beverage and automotive industries. Middle East & Africa is expected to be high growth market due to demand rising from food & beverage, consumer goods in Middle East and manufacturing sector in Africa. Latin America is also expected to create significant opportunity in returnable packaging systems market, however high inflation rates in countries such as Venezuela and Argentina could hamper the demand for returnable packaging for consumer goods.
More Trending Reports by Transparency Market Research –
Europe Punnet Trays Market – https://www.prnewswire.com/news-releases/europe-punnet-trays-market-replete-with-design-features-punnet-trays-attractive-for-consumers-of-several-age-groups-proposition-for-manufacture-of-sustainable-products-to-create-new-heights-of-growth–tmr-301277923.html
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
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Improvisations in material handling and logistics over time has brought sustainability in the mainstream, companies are increasingly focusing on implementing returnable packaging, so as to reduce transportation and handling losses and avoid repurchasing of disposable packaging. Within close loop supplies, manufacturers usually adopts ‘milk run’ to supply their products, returnable packaging systems market forms crucial part of such supply chain, as manufacturers/suppliers do not need to invest again in disposable packaging. Returnable packaging proves beneficial and cost effective for businesses where timely and safe delivery of products is of utter importance.
According to Reusable Packaging Association, the returnable packaging system market witnessed annual growth between 8–10% over past few years. The returnable packages are available in form of reusable pallets, hand-held containers, racks, bulk containers, etc. returnable packaging systems has a longer life span as these are made from durable materials such as plastic, wood and metals. Returnable packaging systems offer other distinctive features such as appealing aesthetics, easier to clean and stronger than disposable packaging systems. Despite many operational benefits, returnable packaging systems may not be desired by every supply system due to its capital intensive nature. Returnable packaging systems are extensively used for FMCG and are significantly increasing their penetration in pharmaceutical and healthcare industries. Besides food and pharmaceutical industries returnable packaging systems find their application in automotive and electronics industry.
For More Industry Insight, Request Sample @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=12893
The growth of returnable packaging systems market is driven by demands from food & beverage, consumer good, pharmaceuticals and automotive industry. Due to its durability and robust performance, returnable packaging is preferred in various end use applications which in turn surges demand for returnable packaging systems markets. Rising level of wages in developing countries is expected to significantly increase consumer spending which in turn will support growth of the returnable packaging systems market. Substantially increasing global vehicle production is also expected to support the growth of the market.
However, though returnable packaging system reduces packaging purchase and disposal costs but at the same time logistics cost is increased due to need to control return cycle. Hence higher cost is a factor which could hamper growth of the market. Further, existing economic uncertainty in some countries of Asia and Latin America could hamper growth of the market.
The global returnable packaging systems market is segmented as follows:
On the basis of product type:
On the basis of material type:
On the basis of end-use industry:
The production and demand trends in the global returnable packaging systems market varies from region to region. With highest manufacturing output across the globe, Asia pacific is expected to be the largest market for returnable packaging systems by volume. Further, rapidly growing industrialization in major countries in the region will boost revenue of the returnable packaging systems market.
North America and Europe are expected to be next big market for returnable packaging systems. Demand in these regions are dominated from food and beverage and automotive industries. Middle East & Africa is expected to be high growth market due to demand rising from food & beverage, consumer goods in Middle East and manufacturing sector in Africa. Latin America is also expected to create significant opportunity in returnable packaging systems market, however high inflation rates in countries such as Venezuela and Argentina could hamper the demand for returnable packaging for consumer goods.
More Trending Reports by Transparency Market Research –
Europe Punnet Trays Market – https://www.prnewswire.com/news-releases/europe-punnet-trays-market-replete-with-design-features-punnet-trays-attractive-for-consumers-of-several-age-groups-proposition-for-manufacture-of-sustainable-products-to-create-new-heights-of-growth–tmr-301277923.html
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information, we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Contact
Transparency Market Research
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Blog: https://tmrblog.com/
Follow Us: Twitter | LinkedIn
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