Market revenue in 2023 | USD 28,991.8 million |
Market revenue in 2030 | USD 42,385.1 million |
Growth rate | 5.6% (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 62.12% in 2023. Horizon Databook has segmented the Europe returnable packaging market based on plastic, metal, wood covering the revenue growth of each sub-segment from 2018 to 2030.
Europe is expected to grow at a significant pace over the forecast period with a CAGR of 5.6%. This is largely due to the increasing demand for green packaging products in order to support sustainability initiatives in the region.
The European Union has been supportive of sustainable development through EU treaties by giving recognition to the environmental, economic, and social dimensions. By the European Commission new roadmap for sustainability in the EU’s economy, which largely affected the end user industries as the objectives, pushed them to adopt green packaging including returnable packaging to a great extent.
As of 2022, plastic based returnable packaging products dominated the market with a share of 62.1%. However, the demand for metal based returnable packaging products is expected to grow at a significant growth rate of 5.6%, with a high demand for metal-based pallets and IBCs.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe returnable packaging market , including forecasts for subscribers. This continent databook contains high-level insights into Europe returnable packaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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