China Returnable Packaging Market Size & Outlook
China returnable packaging market, 2018-2030 (US$M)
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China returnable packaging market highlights
- The China returnable packaging market generated a revenue of USD 19,319.0 million in 2023 and is expected to reach USD 30,934.1 million by 2030.
- The China market is expected to grow at a CAGR of 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.
Returnable packaging market data book summary
| Market revenue in 2023 | USD 19,319.0 million |
| Market revenue in 2030 | USD 30,934.1 million |
| Growth rate | 7% (CAGR from 2023 to 2030) |
| Largest segment | Plastic |
| Fastest growing segment | Metal |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, China accounted for 16.7% of the global returnable packaging market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China returnable packaging market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 12,335.8 million by 2030.
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Returnable Packaging Market Scope
Returnable Packaging Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 65.2% in 2023. Horizon Databook has segmented the China returnable packaging market based on plastic, metal, wood covering the revenue growth of each sub-segment from 2018 to 2030.
Rapid growth rates of the aforementioned industries are expected to drive the demand for returnable packaging over the forecast period. China is the largest importer and exporter of food & beverage and agri-food products.
The value of the imports reached USD 150 billion as of 2021, owing to the countries huge population and increasing food demand. The top three export countries include the US, Australia, and New Zealand.
Therefore, increasing trade in the food and beverage sector has been responsible for the sizeable supply chain network in the country driving the demand for returnable packaging.
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Target buyers of China returnable packaging market databook
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Our clientele includes a mix of returnable packaging market companies, investment firms, advisory firms & academic institutions.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China returnable packaging market , including forecasts for subscribers. This country databook contains high-level insights into China returnable packaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China returnable packaging market size, by material, 2018-2030 (US$M)
China Returnable Packaging Market Outlook Share, 2023 & 2030 (US$M)
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