North America Returnable Packaging Market Size & Outlook
North America returnable packaging market, 2018-2030 (US$M)
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North America returnable packaging market highlights
- The North America returnable packaging market generated a revenue of USD 30,841.9 million in 2023.
- The market is expected to grow at a CAGR of 5.4% 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 30,841.9 million |
| Market revenue in 2030 | USD 44,540.3 million |
| Growth rate | 5.4% (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, North America region accounted for 26.7% 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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North America 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 63.62% in 2023. Horizon Databook has segmented the North America returnable packaging market based on plastic, metal, wood covering the revenue growth of each sub-segment from 2018 to 2030.
North America is among the prominent regions for the returnable packaging market, with a share of 26.9% in 2022. This is mainly due to large-sized pharmaceuticals, food & beverages, and automotive companies in the U.S., Mexico, and Canada.
In July 2020, North American Free Trade Agreement (NAFTA) substituted United States-Mexico-Canada Agreement (USMCA). NAFTA was aimed at boosting the trade between North American countries. Thus, such an optimistic political scenario or trade relations are likely to favor the market growth in the region.
Plastic dominated the material segment in the North American market with a share of 63.6% in 2022, and the segment is likely to witness robust growth from 2023 to 2030. The sturdy nature, low cost, and low weight of plastic-based reusable packaging containers are mainly attributed to the segment’s highest share in 2022.
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Our clientele includes a mix of returnable packaging market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America returnable packaging market , including forecasts for subscribers. This continent databook contains high-level insights into North America returnable packaging market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America returnable packaging market size, by country, 2018-2030 (US$M)
North America Returnable Packaging Market Outlook Share, 2023 & 2030 (US$M)
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