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 |
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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.
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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