The reusable packing market is forecast to experience a growth of 5.5% over the estimated time, as per FMI's analysis. The industry's size is predicted to reach a market value of US$ 109.09 billion in 2023. By 2033, the market is projected to touch US$ 186.34 billion.

Reusable packaging has always been around from time immemorial. Historically, people used reusable bottles and containers as the standard packaging format. Wine, milk, and other beverages were all used to be contained in large refill systems.

However, since the introduction of single-use packaging solutions as a more cost-effective option and a key differentiator for brands, reusable packaging has been replaced, barring certain economies and specific segments.

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Currently, consumers are exhibiting a renewed interest in reusable solutions due to growing sustainability concerns and a governmental ban on single-use packaging. Moreover, many countries have also implemented single-use bans, quotas, and taxes to encourage the adoption of reusable packaging. For instance, restaurants, cafes, and bistros in Germany that offer drinks and food ‘to go’ are also compelled to provide their products in reusable material from 2023.

The Key Players Are:

  • Tri-pack Packaging Systems Ltd
  • Brambles
  • DS Smith
  • IPL Plastics
  • Menasha Corporation
  • Myers Industries
  • Nefab Group
  • Rehrig Pacific Company
  • Schoeller Allibert
  • Schütz GmbH & Co. KGaA
  • Vetropack Holding
  • Buckhorn
  • IFCO SYSTEMS
  • RPP Containers
  • Amatech

Top Highlights from the FMI’s Analysis of the Reusable Packing Market:

•                    Asian countries like India and China are expected to observe significant CAGR as the countries move away from single-use plastics.

•                    Canada is surfacing as a key market in North America, which is expected to observe considerable growth prospects for manufacturers offering reusable packing solutions.

•                    Within Latin America, Mexico is projected to offer substantial business opportunities for reusable packing as these solutions promise cost-efficiency and less waste, thus appealing to the large masses.

•                    Australia is gaining interest from vendors as a profitable business location for reusable packing solutions. Consequently, many distributors are expected to set their foot in the market over the next decade.

News Section: FMI Uncovers Recent Developments 

•                    Nefab Group AB Group launched FiberFlute, a sustainable substitute for foam, in August 2021.  This fiber-based packaging solution offers excellent cushioning performance for various products. The partnership between Corruven Canada Inc. and Nefab Group AB brought FiberFlute to life. The product is distinct from plastic-based packaging solutions as it is a 100% paper-recyclable and fiber-based solution. It can also endure extra shock with less material than polyethylene foam, resist several drops, and function well in dry and humid conditions.

•                    Nefab Group AB extended its reach in North America in May 2021. The company has introduced new production sites in Tucson (Arizona), Houston (Texas), and Gainesville (Florida) in the United States.

Key Segmentations-

By Material:

  • Plastic
  • Metal
  • Wood
  • Glass
  • Foam

By Product Type:

  • Pallets
  • Crates
  • Dunnage
  • Intermediate Bulk Containers (IBC)
  • Boxes
  • Drums & Barrels

By End-use Industry:

  • Food & Beverages
  • Automotive
  • Chemicals
  • Building & Construction
  • Pharmaceuticals
  • Logistics & Transportation
  • Consumer Durables