Asia Pacific Returnable Packaging Market Size & Outlook
Asia Pacific returnable packaging market, 2018-2030 (US$M)
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Asia Pacific returnable packaging market highlights
- The Asia Pacific returnable packaging market generated a revenue of USD 42,902.4 million in 2023.
- The market is expected to grow at a CAGR of 6.7% from 2024 to 2030.
- In terms of segment, plastic was the largest revenue generating material in 2023.
- Metal is the most lucrative material segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 42,902.4 million |
| Market revenue in 2030 | USD 67,590.3 million |
| Growth rate | 6.7% (CAGR from 2023 to 2030) |
| Largest segment | Plastic |
| Fastest growing segment | Metal |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Plastic, Metal, Wood |
| Key market players worldwide | AMETEK Inc, Incitec Pivot Ltd, Packaged Pumping Stations, Tri-pack Packaging Systems, ORBIS Corp., Nefab Group, CHEP, Four U Packaging & Supplies, UBEECO Packaging Solutions, Returnable Packaging Resource, RPP Containers, Brookfield Business Partners LP |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 37.2% of the global returnable packaging market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 67,590.3 million by 2030.
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Returnable Packaging Market Scope
Returnable Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific returnable packaging market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to returnable packaging market will help companies and investors design strategic landscapes.
Plastic was the largest segment with a revenue share of 64.2% in 2023. Horizon Databook has segmented the Asia Pacific returnable packaging market based on plastic, metal, wood covering the revenue growth of each sub-segment from 2018 to 2030.
The returnable packaging market is expected to grow at the fastest CAGR of 6.7% over the forecast period, owing to the increasing manufacturing sectors in the region especially in countries including India, China, and Japan. As of 2022, products such as plastic crates, plastic pallets were largely used in the region with increased availability coupled with the low price of the product.
The country has a large number of plastic returnable packaging manufacturers, specially spread across China, India and Japan. Furthermore, the availability of raw materials such as plastic and metal is very high in the region. For instance, China alone holds 30% of global plastic production as of 2021, which benefits the manufacturers in terms of raw material availability and cost.
Asia Pacific has been the hub for the manufacturing sector owing to the presence of countries that are involved in the Trans-Pacific Partnership Agreement (TPP). TPP is a free trade agreement and has strengthened the trade and manufacturing sector among countries, driving the demand for returnable packaging solutions over the years.
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Our clientele includes a mix of returnable packaging market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific returnable packaging market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific returnable packaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific returnable packaging market size, by country, 2018-2030 (US$M)
Asia Pacific Returnable Packaging Market Outlook Share, 2023 & 2030 (US$M)
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