Strict regulations for single-use plastics will drive the reusable plastic containers market size to grow to USD 631 million by 2030 at a CAGR of 9.6%

Acumen Research and Consulting

Acumen Research and Consulting recently released a report titled “Reusable Plastic Containers Market Size, Share, Regional Analysis Report and Forecast, 2022-2030”

BEIJING, June 27, 2022 (GLOBE NEWSWIRE) — The world reusable plastic containers market size was estimated at $281 million in 2021 and is expected to grow at a CAGR of 9.6% over the forecast period and reach a market size of $631 million by 2030.

According to the international library ClinMed, approximately 6.3 billion tons of plastics were produced worldwide, of which 9% and 12% were recycled and burned, respectively from 1950 to 2018. Human population growth and the continued demand for plastics and plastic items are causing the expansion of plastic production, waste generation and environmental damage. Plastic litter pollution is now widely recognized as a huge environmental burden, especially in the aquatic environment, where there is prolonged biophysical degradation of plastics, harmful effects on animals, and restricted plastic clean-up choices. Researchers believe that by 2050 the oceans could be carrying more plastics than fish by weight. Every year, around 500 billion plastic bags are used, of which around 13 million tonnes end up in the ocean, killing an estimated 100,000 marine lives. Thus, adopting reusable materials is a great way to avoid plastic waste in everyday life, generating lucrative revenue in the reusable plastic container market.

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Reusable Plastic Containers Market Report Coverage:

Market

Global reusable plastic container market

Market size 2021

$281 million

Market Forecast 2030

$631 million

CAGR During 2022 – 2030

9.6%

Analysis period

2018 – 2030

base year

2021

Forecast data

2022 – 2030

Segments Covered

By type, by application, by region

Regional scope

North America, Europe, Asia-Pacific, Latin America, Middle East and Africa

Profiled Key Companies

DS Smith, IFCO, IPL Plastics, Menasha Corporation, Myers Industries, Nefab Group, Rehrig Pacific Company, Schoeller Allibert, Schütz GmbH & Co. KGaA and Vetropack Holding.

Report cover

Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulatory Analysis

Scope of customization

10 a.m. free customization and expert advice

Impact of Covid-19 on the global reusable plastic container industry

The COVID-19 pandemic has impacted all markets, and countries have imposed restrictions on distribution and transportation, as well as industrial shutdowns affecting the value chain. Due to a lack of labor and an interruption in the supply chain, the lockout limited the production capacities of the companies. As a result, such container products are rare. Additionally, the COVID-19 issue has wreaked havoc on headquarters in several of the world’s most dominant regions, including Europe and the United States.

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Growth factors of the global reusable plastic container industry

Reusable plastic containers can be an attractive option in terms of positive economic, sustainability and social outcomes. Companies that commit to reusable packaging can expect to save money on the purchase and disposal of packaging through continued reuse. The rapid growth of the food and beverage industry is the major growth-multiplying reusable plastic container market trend. Sustainability concerns are driving consumers and businesses to reduce waste and encourage recycling, reuse and remanufacturing of end-of-life products. With packaging being one of the largest sources of waste, companies largely focus on handling and transportation, especially in the fresh food supply chain. For this reason, businesses and consumers have turned to reusable packaging due to the availability of the widest product range, reduction of product damage by over 90% and cost savings of up to 27%. %.

The high demand from the e-commerce industry along with the growing trend of online food delivery would provide ample growth opportunities for the reusable plastic containers market share in the coming years. The emergence of COVID-19 in early 2020 led to a surge in the use of e-commerce rather than traditional sales as containment measures were taken in many countries to stop the spread of the virus. For health reasons, the pandemic has led to the return of single-use plastic bags and boxes, favorably promoting the use of reusable plastic containers in e-commerce.

Segmentation of the global reusable plastic containers market

The reusable plastic containers market is segmented into three categories: type, application and geography. Based on type, the market is divided into bulk containers, portable containers and others. Based on our analysis, the portable storage container segment generated considerable revenue in the reusable plastic container market in 2021.

By application, the market is segregated into fruits, vegetables, meat, eggs, and others. Among these, the vegetable segment held the leading reusable plastic container market share in 2021.

Regional position of the reusable plastic containers market

North America, Latin America, Europe, Asia-Pacific, the Middle East and Africa make up the regional group. Among all the regions, Europe captured the market with the largest shares. Growing need for export and import of raw materials along with growing e-commerce industry in Europe is expected to fuel the market expansion significantly throughout the forecast period. The government organization in this region is also promoting the use of recyclable and reusable packaging substitutes to promote a waste-free economy, which is one of the major reasons contributing to the growth of the market. Meanwhile, the reusable plastic container market in Asia Pacific is expected to grow at the fastest rate owing to increasing government initiatives for plastic waste and increased public awareness of environmental risks associated with plastics for use. unique.

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Reusable Plastic Containers Market Players

Leading Reusable Plastic Container companies profiled in the report are DS Smith, IFCO, IPL Plastics, Menasha Corporation, Myers Industries, Nefab Group, Rehrig Pacific Company, Schoeller Allibert, Schütz GmbH & Co. KGaA, and Vetropack Holding.

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