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- 96 Market data Tables
- 36 Figures
- 161 Pages and in-depth TOC on “Returnable Packaging Market – Global Forecast to 2026″
This report also provides a comprehensive analysis of the companies listed below:
Brambles (Australia), Schoeller
With the rise in cases of COVID-19, implementation of emergency protocols and shutdown of various operations and facilities have been observed during 2020. The outbreak of COVID-19 in Wuhan, China, has spread across the major APAC, European, and North American countries, affecting the market for returnable packaging since most of the global companies have their headquarters in these countries. This impact of COVID-19 had caused disruption in the supply chain, which had slowed down the market growth due to lack of raw materials and unavailability of workforce.
In terms of value & volume, the pallets segment is estimated to lead the returnable packaging market in 2020.
The pallets segment accounted for the largest market share in the returnable packaging market. Pallets are used to carry and distribute various goods through all the stages of the supply chain. They offer protection to shipped goods from mechanical rupture, besides simplifying handling. The added advantage of pallets is that they are reusable and recyclable, which results in less packaging waste. Additionally, with the chilling time reduced, more produce reaches the destination quicker and fresher. Pallets are used in various industries, such as food & beverages, automotive, agriculture, building & construction, clothing, freight forwarding, logistics, electronics, and pharmaceuticals.
The APAC region is projected to be the fastest-growing region in the returnable packaging market during the forecast period.
The APAC region is projected to be the fastest-growing region in the returnable packaging market in terms of both value and volume from 2021 to 2026. This region is witnessing the highest growth rate due to the rapid economic expansion. According to the IMF, China and India are among the fastest-growing economies globally. India is expected to overtake China with the highest growth rate, thus driving the global economy. The rising disposable income of people, shifting of manufacturing facilities from developed regions, such as North America and Europe, and rapidly growing industrial sectors are expected to drive the market in APAC.
