Global Reusable Packaging Market to Reach $151.2 Billion by 2027

In the changed post-COVID-19 business landscape, the global reusable packaging market is estimated at US$103. 1 Billion in the year 2020, and is projected to reach a revised size of US$151. 2 Billion by 2027, growing at a CAGR of 5%.

Reportlinker.com has announced the release of the report “Global Reusable Packaging Industry” We have not generally posted these announcements in recent years because they provide so little or zero value to readers. Still, this one is marginally better than most. Plus, it is the end of the year, and we are scraping for stories. So, here we go.

Wood, one of the segments analyzed in the report, is projected to record a 6.2% CAGR and reach US$49.4 billion by the end of the analysis period. Considering the ongoing post-pandemic recovery, growth in the Plastic segment is readjusted to a revised 6.4% CAGR for the next 7-year period.

The U.S. Reusable Packaging Market is Estimated at $28.1 Billion, While China is Forecast to Grow at 9.5% CAGR

The reusable packaging market in the U.S. is estimated at US$28.1 billion in the year 2020. China, the world`s second-largest economy, is forecast to reach a projected market size of US$32.6 Billion by 2027, trailing a CAGR of 9.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9% and 4.4%, respectively, over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.9% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$20.6 Billion by the year 2027.

Glass Segment to Record 5.2% CAGR

In the global glass segment, the USA, Canada, Japan, China, and Europe will drive the 5.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$14.7 Billion in the year 2020, will reach a projected amout of US$20.5 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 5.6% CAGR through the analysis period.