Asia-Pacific Returnable Packaging Market Outlook, 2027

Asia-Pacific Returnable Packaging Market Outlook, 2027

Asia Pacific region is the emerging economy in the returnable packaging market. Fastest growing countries like India, China, and Japan led to the high demand for the returnable packaging solutions in the region. Rapid expansion of the industries in the fastest growing economies is improving the output. Demand from end-use industries like food and beverages, healthcare and automotives are increasing rapidly. Returnable packaging systems provide best and effective solutions for the handling and transportation of the products. Returnable or reusable packaging solutions are used several times, easy to clean and effective in the transportation of the products. Reusable or returnable packaging solutions can be redeployed many times and offer significant benefits to the products in terms of sustainability, productivity, food safety and more. The initial investment in returnable packaging is high; although the reuse of such packaging in many applications and industries delivers a rapid return on investment over a number of uses or trips, and a lower cost per trip than single trip alternatives packaging solutions. The government is also supporting the use of the reusable packaging for the various industries. Technological advancements in the returnable packaging systems alter the use of the packaging systems. RFID tags and tracking system availability advanced the use of returnable packaging solutions. Manufacturers can easily track their products in the supply chain process. The Asia-Pacific returnable packaging solutions market is segregated into five prominent countries, namely: China, Japan, India, Australia, and South Korea. Fast-moving consumer goods industries are the largest users of returnable packaging systems in the Asia Pacific region.

According to the report title, “Asia Pacific Returnable Packaging Market Outlook, 2027”, publish by Bonafide research, the market was value at around USD 39.77 Billion in 2021 and it is anticipated to grow with the CAGR of 6.99% during the forecast period of 2022-2027. India and China are the leading countries for the growth of the returnable packaging market in the Asia Pacific region. The growth of the e-commerce sector and FMCG industries are the factors for the immense growth of the returnable packaging market in the region. The import and export activities of India also drive the market for returnable packaging solutions.

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 60% of the value market share, followed by the crates segment. The Crates segment covers the second largest share of the returnable packaging market. 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. Plastic pallets and containers are safe for the storage and shipment of products. 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 beverage industries are the biggest users of returnable packaging solutions in the region. Fast moving consumer goods industries are the biggest users of returnable packaging solutions in the Asia-Pacific region. The automotive sector is also a growing market for returnable packaging systems and is estimated to cover the highest growth rate in the forecast period.

COVID-19 Impact
The COVID-19 pandemic has severely disrupted the economies across the globe and international trade. Every industry is affected by the impact of the COVID-19 pandemic situation. The production and manufacturing of the returnable packaging products was disrupted. The supplies of the various necessary products need the returnable products. This has led to the demand for reusable packaging systems in the region.

Major Companies present in the market:
Brambles Limited, Schütz GmbH & Co. KGaA, Orbis Corporation, Schoeller Allibert AB, Nefab Group, Ubeeco Packaging Solutions, IPL Plastics Inc., Tri-pack Packaging Systems Limited, M J Solpac Limited, Plasmix Private Limited, Ckdpack Packaging Private Limited, DS Smith, IFCO SYSTEMS, Clip-Lok SimPak

Considered in this report
• Geography: Asia Pacific
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027

Aspects covered in this report
• Asia-Pacific 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
• China
• Japan
• India
• Australia
• South Korea

Types of Material in the report:
• Plastic
• Metal
• Wood
• Others

By End-Use in the report:
• Food and Beverages
• Automotive
• Consumer Durables
• Healthcare
• Others

Types of Product in the report:
• Pallets
• Crates
• Intermediate Bulk Containers (IBCs)
• Tanks, Drums, and Barrels
• Others

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.

Intended audience
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.