The reusable packaging market is projected to reach $214.3 billion by 2032

From GlobeNewswire: 2024-12-05 06:53:00

The reusable packaging market is on the rise, valued at $125.2 billion in 2023 and projected to reach $214.3 billion by 2032. Governments worldwide are pushing for sustainable practices, leading to a shift towards eco-friendly packaging solutions, prompting businesses to adopt reusable options. Plastic packaging is expected to surpass $100 billion by 2032 due to its lightweight, durability, and versatility in various sectors. The food and beverages industry is the fastest-growing category, with a CAGR exceeding 6% from 2024 to 2032, driven by the increasing demand for sustainable practices. North America leads the charge in the reusable packaging market, accounting for over 25% of the global share, with the United States at the forefront due to rising consumer demand for sustainable options and supportive government policies. Companies like Brambles, DS Smith, and IFCO Systems are among those driving the reusable packaging industry forward. Global Market Insights Inc. is a market research and consulting service provider offering in-depth coverage of industry trends and forecasts.



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