Japan Returnable Packaging Market Research Report, 2027

Japan Returnable Packaging Market Research Report, 2027

Actual Market Research 29-06-2022 62 Pages Figures : 7 Tables : 21 Region : Asia-Pacific Country : Japan Category : Manufacturing & Industry Machinery, Parts & Equipment

Returnable or reusable packaging solutions provide significant advantages to manufacturers. Returnable packaging solutions are the best alternative to other types of packaging. Japanese consumers have more knowledge about issues related to sustainability, ethical practices, and environmental protection than ever before, which has wide-reaching implications for consumer goods companies. Consumers are holding companies to account for their ethical and environmental practises and making packaging decisions with an eye on the environment. The Japanese government recently introduced several policies to address the packaging waste problem.

Manufacturers are changing their practises to become more environmentally friendly. Manufacturers are increasingly investing in returnable packaging solutions. These solutions provide sustainable and effective packaging for the products during transportation. With the busy lifestyle prevalent in Japan, there is an increasing demand for on-the-go packaging formats for easy consumption, fuelling the growth in the food packaging industry in the country. The government of Japan is introducing disposal solutions for improvements in logistics processes, which will further contribute to the market growth of returnable packaging. Because of the widespread use of returnable packaging solutions, industries are adopting these solutions to reduce transportation costs. Rapid urbanization and rising economic development in Japan has led to the advancement in packaging technologies, which is expected to have a positive impact on the growth of the returnable packaging market during the forecast period.

According to the report title, "Japan Returnable Packaging Market Overview, 2027," published by Actual Market research, the market is anticipated to grow with a CAGR of 6.74% for the forecast period of 2022 to 2027. Online retailing is the major factor in the growth of the returnable packaging market in Japan. In the logistics process, products require safe handling and movement from one place to another. Returnable packaging solutions offer an efficient and convenient way to protect products during transportation. Technological advancements and innovations are further fueling the demand for returnable packaging solutions. The food and beverage sector is leading the growth of the returnable packaging market. High demand for healthy foods and packaged foods will drive the market during the forecast period in the country. Food and beverage industries in Japan are adopting changing trends in packaging and are conscious about sustainable packaging solutions. Automotive industries are registering the highest growth rate in the returnable packaging market during the forecast period.

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. Pallets are an effective and convenient packaging solution for transportation. Pallets are more useful in long-distance shipments. Pallets protect the products from damage. Based on the material type, the market is segregated into the following segments: plastic, wood, metal, glass, and foam. The returnable plastic solutions are mostly used for packaging in Japan. The plastic segment is estimating the highest growth rate during the forecast period.

COVID-19 Impact:
The COVID-19 pandemic has spread rapidly across the globe. As consumers were encouraged to stay at home during the COVID-19 pandemic, this hit impulse and on-trade purchases, with the measures taken to limit the spread of the virus. Trade activities are also restricted because of the lockdown measures. The returnable packaging market is also impacted due to the pandemic. During a pandemic, manufacturing and production of returnable packaging products are reduced.

Considered in this report
• Geography: Japan
• Base year: 2021
• Estimated year: 2022
• Forecast year: 2027

Aspects covered in this report
• Japan 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.

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