Returnable Packaging Industry Poised for Significant Growth in the Forecast Period 2023-2030
Returnable Packaging Industry | Forecast 2030 The economic value generated by the returnable packaging industry was estimated at approximately USD 88.41 billion in 2022. This economic output is an amalgamation of businesses that are involved in the raw material suppliers, manufacturers of returnable packaging products, distribution & supply, and application of returnable packaging. Based on product, the market is categorized into pallets, crates, immediate bulk containers (IBCs), drums & barrels, dunnage, and others. Pallets dominated the returnable packaging market in 2022 with the highest revenue share and are expected to maintain the dominance by 2030. Materials like wood, plastics, steel, and aluminum are commonly used for manufacturing the pallets. High load handling capacity and higher handling & storage efficiencies are driving the demand for pallets in the global market. Access the Global Returnable Packaging Industry Data Book, 2023 to 2030 , compiled with