Returnable Packaging Market expected to expand at a CAGR of 5.7% from 2021 to 2028
Returnable Packaging Industry Overview The global returnable packaging market size is expected to reach USD 153.35 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.7% from 2021 to 2028. Rapid industrialization, increasing trade activities, and rising demand for robust, long-term, and eco-friendly packaging for the transportation of finished and semi-finished goods in multiple end-use industries are expected to augment the growth of the market. Returnable Packaging Market Segmentation Grand View Research has segmented the global returnable packaging market on the basis of material, product, end use, and region: Based on the Material Insights, the market is segmented into Plastic, Metal and Wood. Plastic led the market and accounted for a 63.4% share of the global revenue in 2020. High-density polyethylene (HDPE) and polypropylene (PP) plastics are typically used for manufacturin...