Returnable Packaging Automotive Market 2020

Posted by sagark on January 16th, 2020

Summary

Returnable Packaging Automotive Market 2020 Information By Material (Plastic, Metal, Wood and Others), Product Type (Pallets, Crates, Intermediate Bulk Container (IBC), Dunnage, Drums & Barrels, Bottles and Others), End Use (Automotive, Food & Beverages, Pharmaceuticals & Healthcare, and Consumer Goods) - Forecast to 2023

Returnable Packaging Automotive Market Scope

Market Research Future (MRFR) in its fresh “Returnable Packaging Automotive Market” report, discloses that the market is expected to expand at CAGR of 5.8% across the forecast years of 2017 to 2023.

Cash-rich and burgeoning end-users, such as, consumer goods, food & beverages, and automotive, of returnable packaging is expected to be the impelling factor for its market growth.  Limited storage space requirement by returnable packaging enabling enhanced transportation efficiency is another advantage that is expected to cast a positive a positive impact on the market. Additional benefits, such as environmental implications, cost-effective labor costs, and reduced waste management price are expected to act as growth inducers of the market. However, regulations and standards associated with the packaging are likely to hinder the growth of the market.

Key Players

MRFR’s list for the prominent players that are functioning in the Returnable Packaging Automotive Market include;

Schoeller Allibert (Netherlands)

Myers Industries (US)

Brambles (Australia)

Vetropack Holding (Switzerland)

DS Smith (UK)

Menasha Corporation (US)

Nefab Group (Sweden)

IPL Plastics (Ireland)

Rehrig Pacific Company (US)

Schutz GmbH & Co. KGaA (Germany), and others.

Segmental Overview

The Returnable Packaging Automotive market segment study is based on product type, material,  and end-use.

By material, the market is segmented into metal, plastic, wood, and others. The plastic material segment is expected to direct the market. Flexibility and reusability of plastic returnable packaging is expected to benefit the market.

By product type, the market is segmented into crates, pallets, intermediate bulk containers (IBC), dunnage, bottles, drums & barrels, and others. The IBC segment is likely to direct market growth. the rise in demand for IBC across various end-users is contributing to the expansion of the market. The market is expected to capitalize on IBC’s features, such as high strength, better durability, and improve shelf-life. The pallets segment is also expected to contribute to the market growth.

By end-use, the market is segmented into food & beverages, pharmaceuticals & healthcare, automotive, and consumer goods. The automotive segment to hold command on the market. It is expected to thrive at a high CAGR through the review period. An increase in the use of returnable containers by automakers to transport automobile parts to suppliers is likely to favor the market.

Returnable Packaging Automotive Market Regional Outlook

Regionally, the global Returnable Packaging Automotive Market study is performed for North America, Asia Pacific, Europe, and the Rest of the World. The European market is accounted for a significant share of the global market. Followed by the North America and Asia Pacific market. Factors that are positively influencing the Europe Returnable Packaging Automotive Market are increase in cognizance of sustainable packaging and robust industrial base. In addition, improvements in the economic condition of the region and rise in need for curb waste management costs in the food & beverages are also likely to drive the regional market growth. The North America Returnable Packaging Automotive Market is likely to be a quick-paced growing market for the forecast years.

The rapidly expanding consumer goods industry due to the widening of the population in the Asia Pacific region are factors that are expected to improve the health of the refundable packaging market in the region. The abundance of natural resources is another significant factor that is likely to bolster APAC market growth. The market in China and India is expected to exhibit substantial growth across the evaluation years. It is due to rapidly growing industries and increase in manufacturing activities the APAC market is witnessing robust growth. The Middle East & Africa market is likely to gain momentum in the years to come due to increase in demand for refundable packaging in the food & beverage and consumer goods industries.

Intended Audience

End-Users

Government Associations

Research Institutes

Distribution vendors

Technology Innovators

Manufacturers

Access Full Report Of Returnable Packaging Automotive Market @ https://www.marketresearchfuture.com/reports/returnable-packaging-market-6893

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