Market revenue in 2023 | USD 3,809.9 million |
Market revenue in 2030 | USD 5,482.6 million |
Growth rate | 5.3% (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 |
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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% in 2023. Horizon Databook has segmented the Italy returnable packaging market based on plastic, metal, wood covering the revenue growth of each sub-segment from 2018 to 2030.
This is due to the increasing digitalization that has been contributing to the strong supply chain in the country thus driving the demand for returnable packaging. Italy is one of the key countries in the food & beverage sector in Europe contributing to approximately 13% of overall European food & beverage industry revenue as of 2022.
This is due to the rapidly expanding processed food market in the country coupled with growing exports of agri-foods in recent years. Furthermore, various initiatives by the government to boost made in Italy products have also benefited the food and beverage industry in the country.
For instance, In March 2020, the Italian farmers association Coldiretti had announced a strategic plan to boost the Made in Italy agri-foods exports with an investment of USD 52.7 billion. Therefore, continuous growth in the Italian food and beverage industry is expected to improve the supply and transport for the same, which requires returnable packaging on largescale, which is expected to benefit the market.
Horizon Databook provides a detailed overview of country-level data and insights on the Italy returnable packaging market , including forecasts for subscribers. This country databook contains high-level insights into Italy returnable packaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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