Return to: Market NewsGlobal Market for Reusable Packaging to Reach $174 billion by 2030, Growing at CAGR of 5.8% between 2024 and 2030The new report from Industry Experts Inc., on "Reusable Packaging", reveals that the global market for Drilling Machines is estimated at US$124.2 billion in 2024 and is anticipated to post a CAGR of 5.8% during the 2024-2030 analysis period and stand at a projected US$174.5 billion by 2030. The rising consumption of packaged goods, driven by urbanization and changing consumer lifestyles, significantly boosts the market for reusable packaging. Technological advancements, such as lightweight and eco-friendly designs, along with the integration of smart technologies for enhanced product safety and traceability, further support growth. Additionally, the pharmaceutical industry's need for secure and compliant packaging amid increasing healthcare product consumption contributes to the market's expansion. Sustainability trends, pushing for recyclable and biodegradable materials, also propel innovations in the industry. Pallets is the leading product type in the reusable packaging market, with an estimated share of 53.9% in 2024, due to its essential role in efficient material handling and transport across industries. They offer durability, reusability, and cost savings over single-use alternatives. Pallets, especially plastic ones, are favored for their resistance to moisture, ease of cleaning, and compliance with sustainability initiatives. The report analyzes the reusable packaging market across all major regions including by North America (The United States, Canada, and Mexico), Europe (France, Germany, Italy, Spain, the United Kingdom & Rest of Europe), Asia-Pacific (Australia, China, India, Japan, South Korean & Rest of Asia-Pacific), South America (Argentina, Brazil & Rest of South America) and Middle East & Africa (South Africa, Saudi Arabia, UAE & Rest of Middle East & Africa). The markets for types of reusable packaging studied in this report include Pallets, Crates, IBC's, Drums & Barrels, Dunnage and Others. The study examines the global market for reusable packaging by material used comprises Plastic, Metal and Wood. This report also studies the market by end-use sectors including Food & Beverage, Automotive, Consumer Durables, Healthcare and Others. About Industry Experts, Inc. Industry Experts, Inc., ranks among the leading market research providers globally. The company's off-the-shelf and customized business intelligence reports offer strategic insights and valuable guidance to enable various stakeholders, such as corporate strategists, analysts, researchers and startups, among others, in obtaining valuable, crisp and unbiased current and future market data. For more information, contact us on +1-320-497-3787 or visit https://industry-experts. ... News Release: Global Market for Reusable Packaging to Reach $174 billion by 2030, Growing at CAGR of 5.8% between 2024 and 2030 Submitted on: February 03, 2025 10:23:45 AM Submitted by: IndustryexpertsMedia On behalf of: industry-experts.com/verticals/packaging-materials/global-reusable-packaging-market |