Italy Returnable Packaging Market Research Report, 2027

The Italian returnable packaging market grew significantly due to increased demand for reusable packaging solutions from the food and beverage, automotive, electronics, and e-commerce sectors. Demand for returnable packaging is expected to grow during the forecast period. Returnable packaging materials are used to contain and preserve products and enable safe transportation. The returnable packaging market in Italy is growing because of many trends prevailing in the country. There has been an increase in the living standards of people and personal disposable income, which is fuelling consumption across a broad range of products. These factors will drive the market growth for returnable packaging solutions in the country. Nowadays, consumers want environmentally friendly products. Returnable or reusable packaging solutions are the best alternatives for the packaging of products. These solutions have less impact on the environment as these solutions are used several times. The government in Italy has also established the rules and regulations for the industries to use returnable and sustainable packaging solutions. According to the report title, "Italy Returnable Packaging Market Overview, 2027", published by Actual Market research, the market is anticipated to grow with a CAGR of 6.16% during the forecast period of 2022 to 2027. The growth of the e-commerce industry is the main factor that leads to the growth of the returnable packaging market in Italy. Export activities are also having a significant impact on the growth of the returnable packaging market in the country. Italy is a major exporter of food and beverage products in the European region. Export activities require the proper and efficient packaging solutions that protect the products from damage during transportation. Growth in the different end-use industries in Italy is driving fundamental shifts in the returnable packaging industries. Innovations and technological advancements in returnable packaging solutions are expected to lead the market during the forecast period. The market for returnable packaging is mainly driven by consumer goods and food and beverage products. Returnable packaging provides safe handling and storage for the products during shipment. The Italian returnable packaging industry proved to be a dynamic and constantly growing sector during the forecast period. According to the report, based on end-use, the market is segmented into food and beverages, automotive, consumer durables, healthcare, and other segments. The food and beverage industries are large users of returnable packaging solutions in Italy. High demand for healthy foods and packaged foods will drive the market during the forecast period in the country. Italy is the fourth-largest food manufacturer. It is a major exporter of products like wine, pasta, canned tomatoes, cheese, and olive oil in the European region. Automotive industries are registering the highest growth rate in the returnable packaging market during the forecast period. An increase in the production of automotive parts and vehicles required returnable packaging for the shipments. According to the report, based on product type, the market is segmented into pallets, crates, intermediate bulk containers (IBCs), tanks, drums, and barrels, and other segments. The pallets segment is leading the market, followed by the crates segment. Based on the material type, the market is segregated into the following segments: plastic, wood, metal, glass, and foam. The plastic segment is leading the returnable packaging market in Italy. The increasing demand for consumer goods and an increase in retail and e-commerce sales are pushing the growth of returnable plastic packaging solutions in Italy. COVID-19 Impact: The COVID-19 pandemic and lockdown restrictions resulted in a slump in trade activities in Italy. The COVID-19 pandemic badly impacted every trade across the globe. Returnable packaging industries are also affected due to the shortage of raw materials and short supply. Returnable packaging solutions are required by a variety of end-use industries for the transportation of necessary products. Considered in this report • Geography: Italy • Base year: 2021 • Estimated year: 2022 • Forecast year: 2027 Aspects covered in this report • Italy Returnable Packaging market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Five Force models • Top profiled companies • Strategic recommendation Types of Material in the report: • Plastic • Metal • Wood • Others By End-Use in the report: • Food and Beverages • Automotive • Consumer Durables • Healthcare • Others Types of Product in the report: • Pallets • Crates • Intermediate Bulk Containers (IBCs) • Tanks, Drums, and Barrels • Others The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analyzing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to returnable packaging industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.