In terms of revenue, global reusable shipping boxes market was valued at US$ 97.78 Bn in 2022 and is anticipated to reach US$ 213.43 Bn in 2030, growing at a CAGR of 9.12% over the forecast period. The Major players profiled in this report include: amatechinc.com, Amcor plc, APR Allen Plastics Repair, Inc., Black Forest Container Systems, LLC, BUNGOBOX, CABKA Group, Con-Tech International., InterCrate Container, International Paper, LimeLoop, Inc, Liviri, Monoflo International, ORBIS Corporation, Rehrig Pacific Company, Rentacrate Enterprises, RePack, Returnity, Reusable Transport Packaging, Salazar Packaging, Inc., and Snyder Industries amongst others.
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The finest market report puts light on various factors that have direct or indirect effect on the growth of business which includes historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in this industry. This market research report identifies as well as analyses the emerging trends along with major driving factors, challenges and opportunities in the market for industry.
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With growing interest in corporate sustainability, companies and their supply chain partners are adopting greener processes, packaging solutions and distribution practices which is inflating the demand for reusable shipping boxes across the globe.
The increasing usage of single-use packaging products in shipping is causing heaps of waste which results in high costs associated with its disposal. The United Nations Environment Programme report of 2018, states that plastic litter costs shipping industry, along with fishing and tourism, US$ 1.3 billion per year. These huge monetary losses being incurred in disposal of single use packaging and shipping products is creating demand for economic, reusable solutions. Reusable shipping boxes generally include pallets, bins, tanks, intermediate bulk containers (IBCs), and other hand-held containers, which are designed for lasting use in a system and ensure efficient and safe movement of products through supply chains. These boxes are manufactured from durable materials such as steel, wood, plastic, metal, wire, polypropylene, and others, which can be easily recovered, refurbished or re-manufactured. Along with economic losses, the growing environmental awareness regarding waste produced through the use of packaging media which is being dumped into oceans and landfills has been notable for changing the focus of companies towards adoption of sustainable and reusable packaging practices. For instance, Nestle announced in 2018 to make use of 100% reusable or recyclable packaging solutions by 2025, for which it allocated a fund of US$ 2.2 billion in January 2020. These factors have led to increasing development across global reusable shipping boxes market. In addition to standardized containers for shipping, companies from various industry verticals have been working with market participants to design reusable shipping boxes that can be structured according to their specific product portfolio and in accordance with the logistic solutions utilized for distribution of the offerings. For instance, Returnity Innovations provides customized reusable shipping bags and boxes based on customer’s requirements.
Reduction of industrial waste is emerging as an essential priority for governing authorities across the world. These have led to an increase in government initiatives dedicated towards cleanliness and environmental awareness. For instance, the European Parliament issued a Packaging Waste Directive in December 2018 for efficient control and management of the packaging waste generated across European countries. This directive, which will be put to action by end of 2020, is directed to limit single-use plastics in packaging and promote reusable shipping boxes.
Investments in new businesses based on smart packaging technology are now beginning to emerge which are anticipated to give rise to a new concept termed as ‘internet of parcels’ which means a network of communicating shipping boxes. For instance, LivingPackets, a start-up from France, launched a foldable smart shipping box in 2018 which is powered by a built-in internet connection which updates the data on the e-ink display and sends sensory data from the shipment related to temperature, humidity and shock to user for monitoring purposes. This box has a design life of 1,000 shipments and is made from sustainable material. These smart solutions are anticipated to propel the growth of global reusable shipping boxes market over forecast years.
Global Reusable Shipping Boxes Market:
- Nestable Pallets
- Stackable Pallets
- Rackable Pallets
- Bulk Containers
- Hand-Held Containers
- Bag Racks
- Transport Racks
- Barrels and Drums
- Rental Services
- Automation and Handling
- Design and Engineering
- Identification and Tracking Solution
- Pooling and Asset Management
- Repair and Cleaning
By Industry Verticals
- Retail and E-Commerce
- Transportation and Logistics
- Food and Beverages
- Consumer Electronics
- Healthcare and Pharmaceuticals
By Organization Size
- Small and Medium Sized Enterprises
- Large Enterprises
- North America
- Rest of North America
- The UK
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
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