Reusable Plastic Containers MarketSize and Trends

The reusable plastic containers market was valued at US$ 255.77 Mn in 2020 and is expected to reach US$ 489.3 Mn by 2028, exhibiting a CAGR of 9.5% during the forecast period (2021-2028).

Figure 1. Global Reusable Plastic Containers Market Revenue Share (%), By Region, 2020

Market Trends

Cube shaped packaging in logistics chains is one of the growing trends in the returnable packaging industry. According to packaging strategy, for instance, To achieve sufficient load factors, a producer must fill, store, and handle packages, while a transport provider aims for efficient loading and unloading as well as volume and weight-efficient packaging. Then, warehouse and store operators want to efficiently pick, stack, store, and replenish packaging, and the packages should be simple to open, use, empty, and dispose of for customers. Cylindrical steel and plastic drums, on the other hand, have the advantage of being easy to use and handle by a single person without the need for any mechanical handling equipment. Large companies also use rectangular-shaped Intermediate Bulk Containers (IBCs) because they allow containers to be packed closer together with less void space in between. The demand for returnable packaging systems is expected to rise in the coming years as a result of these advantages.

Figure 2. Reusable Plastic Containers Market Revenue Share (%), By Application Type, 2020

Among application, the vegetables segment held a dominant position in the reusable plastic containers market in 2020, accounting for 33 % of market share. Reusable plastic containers provide superior product protection and temperature management in the transport of vegetables. For long distance travel, reusable plastic containers helps to preserve and extend the quality of fresh produce vegetables. Due to the strength, ergonomic design, stacking compatibility, and palletized unit load stability, reusable plastic containers offer handlers and transporters an improved warehouse and shipping platform which further generate labour efficiencies and cost-saving opportunities.