South America Returnable Packaging Market Outlook, 2027

South America Returnable Packaging Market Outlook, 2027

Returnable packaging solutions are long-lasting packaging that can be reused in a closed loop system. Returnable packaging systems use different types of products like pallets, containers, intermediate bulk containers, dunnage, tanks, drums, barrels, and racks, etc. These products are useful for moving goods from one place to another without any damage. Returnable packaging systems are considered as sustainable packaging solutions because returnable products are used many times. Returnable packaging is used by manufacturers and suppliers in an organized supply chain with managed supply chain networks. Various packaging trends, government regulations, automation in the supply chain systems, and public concerns for the environment are the main factors that are driving the growth of the returnable packaging market in the South American region. Returnable packaging is made with durable materials such as plastic, wood, metal, and glass. These materials give protection to the products even in rough handling. Food and beverages, healthcare, and automotive industries are the largest users of returnable packaging in the South American region. Manufacturers are mostly investing in the returnable packaging market for the reduction in logistics expenses and for better sustainable packaging solutions for their products. The growth of the e-commerce sector, the import-export activities of the region, and mergers and acquisitions of the firms in the region all led to the growth of the returnable packaging market in the South American region. The South American returnable packaging market is segmented into the two main countries, namely, Brazil and Argentina.

According to the report title, “South America Returnable Packaging Market Outlook, 2027”, publish by Bonafide research, the market was value at around USD 6.21 Billion in 2021 and it is anticipated to grow with the CAGR of 6.17% during the forecast period of 2022-2027. Rapid expansion of industries and urbanization in the region are the main factors for the growth of the returnable packaging market in the forecast period. For lowering the transport costs and protecting the products from damage, returnable packaging solutions are the best alternative among others. In the South American region, Brazil is the leading country in returnable packaging solutions. The growth of the industries in the country will lead to a high demand for returnable packaging solutions in the country.

According to the report, based on end-use, the market is segmented into food and beverages, automotives, consumer durables, healthcare, and other segments. The automotive sector is considered the fastest growing segment in the returnable packaging market during the forecast period. The food and beverages industries lead the market for returnable packaging in the South American region. The food and beverage sectors are estimated to cover more than 35% of the market share during the forecast period. End-use industries are mostly adopting returnable packaging solutions for the handling and shipments of their products. 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, followed by the crates segment. The crates segment is growing in the South American region because crates are used in long transportation and it gives protection to the products in the long supply chain. 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.

COVID-19 Impact
The spread of the COVID-19 pandemic is an unprecedented health crisis across the globe that has impacted nearly every business. The COVID-19 pandemic impacted the logistics of products in the world due to restricted trade. Some of the effects of lockdown include supply chain disruptions, lack of availability of raw materials used in the manufacturing process, labor shortages, etc. The returnable packaging market is also impacted because of the shortage of raw materials and supply chain disruptions.

Major Companies present in the market:
Brambles Limited, Menasha Corporation, Schütz GmbH & Co. KGaA, Orbis Corporation, Schoeller Allibert AB, Nefab Group, Rehrig Pacific Company, Myers Industries, Inc., Ufp Technologies, Inc., IFCO SYSTEMS, Clip-Lok SimPak

Considered in this report
• Geography: South America
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027

Aspects covered in this report
• South America 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
• Brazil
• Argentina

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.