Global Returnable Packaging Market Size, Trends Analysis & Forecasts Report 2023: A $173.05 Billion Market by 2030 - Circular Economy Boost at the Forefront of Growth - ResearchAndMarkets.com
Returnable packaging products offer numerous benefits to end-use companies, in comparison to single-use or expendable packaging products.
- Returnable packaging products offer numerous benefits to end-use companies, in comparison to single-use or expendable packaging products.
- Even though the procurement cost of returnable packaging is significantly higher than that of single-use packaging, it is reused multiple times, unlike single-use packaging, which will eliminate the recurring costs of packaging production.
- Besides, using similar containers for longer duration reduces the cost per trip and thus, returnable packaging proves to be cost-efficient in the longer term.
- Food & beverages, pharmaceuticals, and automobiles are among the major end-use industries for returnable packaging.