Returnable Packaging Market – Understand Today with Tomorrow

Sustainable and durable packaging products are highly in demand among end-use industries. The solution to this is returnable packaging which includes pallets, dunnage, shipping racks, and handheld containers; the returnable transport packaging is proficient in moving products safely and proficiently. Made up of metal, wood, and plastic, it is durable, handy, and allow easy maintenance and repair. It is possible to reuse returnable packaging in the form of water jugs, glass bottles, and cardboard boxes, ensuring optimum utilization of resources.  

Cost-effectiveness in the long-term, requirement of less labor, environment friendliness, and IoT- enabled RTP application are major consumer value propositions in the returnable packaging market.

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Returnable Packaging Market Enriched with Flurry of Product Developments

In March 2021, Coca-Cola has launched paper bottle, and Schaeffler and Flender has come up with “SMART BOX” (reusable transport box for large size bearings). They have wide open the gates for sustainable packaging possibilities. In 2020, South African Plastics Pact in partnership with MAVA Foundation has awarded I-Drop Waterpod team for innovative reusable packaging solutions. With an aim to sell purified water refills in a convenient way, their product is also economical; just a fraction of bottled water’s price.

With a large number of manufacturing companies in China, India, Indonesia, and other emerging economies the Asia Pacific, they are counted on to lead the returnable packaging market requirements. Low-cost manufacturing tends to accelerate industrialization, not to mention environmentally friendly regulations and profitable packaging that are appealing to companies for long-term investment.

The only major concerning factor hampering adoption of products in the returnable packaging market is the issue of transportation. Long distance and expensive transport facility are crucial to entire process. Periodic maintenance and storage issues also curtail the growth of these markets.

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So while thinking about consumer propositions in the returnable packaging market, consider the concept as an investment which will pay off in long-term. They will be utilized again and again, since they can outlive their habitual time span period.   

Author: Rohit Bhisey

As Head of Marketing at TMR Research, Rohit brings to the table over a decade of experience in market research and Internet marketing. His dedication, perseverance, and passion for perfection have enabled him to achieve immense success in his field. Rohit is an expert at formulating new business plans and strategies to help boost web traffic. His interests lie in writing news articles on technology,healthcare and business.

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