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Reusable Packaging Market Trends

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

Reusable Packaging Market Trends

As global concerns over environmental sustainability rise, companies are moving away from disposable, single-use packaging and focusing on the circular economy model, which promotes the reuse, recycling, and responsible disposal of materials. Reusable packaging plays a crucial role in this model by offering long-lasting solutions that can be returned and used multiple times. This not only helps reduce the environmental footprint by minimizing waste but also conserves resources such as raw materials and energy.
 

Companies are increasingly adopting reusable packaging as part of their sustainability and circular economy initiatives. The shift away from single-use packaging aligns with efforts to reduce waste and carbon footprints, as reusable solutions can be employed multiple times throughout the supply chain.
 

For instance, in September 2023, the World Economic Forum's Consumers Beyond Waste Initiative gathered businesses and NGOs to establish standardized measurement guidelines for reusable packaging. With increasing commitments from companies like PepsiCo and Coca-Cola, the initiative aims to create accepted metrics to facilitate the widespread adoption of reuse models and address plastic pollution effectively.

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.

Reusable Packaging Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 18
  • Tables & Figures: 295
  • Countries covered: 19
  • Pages: 250
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