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Reusable Packaging Market Size

Report ID: GMI11952
Published Date: Oct 2024
Report Format: PDF

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Reusable Packaging Market Size

The global reusable packaging market size was valued at USD 125.2 billion in 2023 and is estimated to grow at a CAGR of 6.1% from 2024 to 2032. Governments worldwide are strengthening regulations to promote sustainability, driving progression in the industry. These regulations focus on reducing waste, encouraging circular economy practices, and using eco-friendly packaging solutions.

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As a result, businesses are increasingly adopting reusable packaging to comply with these regulations, reduce waste, and enhance their brand image in an environmentally conscious market. For instance, in March 2024, the EU Council and Parliament reached a provisional deal on packaging regulations to boost sustainability and reduce waste. The agreement includes binding targets for reusable packaging by 2030, restricts single-use packaging, and mandates deposit return systems for beverage containers, promoting a circular economy.

Reusable Packaging Market Report Attributes
Report Attribute	Details
Base Year:	2023
Reusable Packaging Market Size in 2023:	USD 125.2 Billion
Forecast Period:	2024 – 2032
Forecast Period 2024 – 2032 CAGR:	6.1%
2024 – 2032 Value Projection:	USD 214.3 Billion
Historical Data for:	2021 - 2023
No. of Pages:	250
Tables, Charts & Figures:	295
Segments covered:	Material, Product, End-use Industry
Growth Drivers:	Increasing regulatory support for sustainable practices Rising consumer demand for eco-friendly solutions Long-term cost savings from reusable options Development of innovative reusable packaging designs
Pitfalls & Challenges:	High initial investment for transitioning businesses Consumer behavior resistance to reusable packaging

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Authors: Suraj Gujar, Sandeep Ugale

Frequently Asked Questions (FAQ) :

The global market for reusable packaging was valued at USD 125.2 billion in 2023 and is estimated to grow at a 6.1% CAGR from 2024 to 2032, driven by stringent government regulations promoting sustainability.

The plastic segment is expected to exceed USD 100 billion by 2032 due to its lightweight, durable, and cost-effective nature, making it ideal for transportation and logistics.

North America accounted for over 25% of the global market in 2023, with growth driven by increasing consumer demand for sustainable practices, supportive government policies, and innovative technologies.

Key players in the industry include Brambles, Buckhorn, DS Smith, GWP Group, IFCO Systems, IPL, Menasha, Nefab Group, ORBIS, Packoorang, and Plasmix.