Reusable Food Packaging Market to Reflect Tremendous Growth Potential with A CAGR of 10.4%BY 2027

The projected revenue for the Global Reusable Food Packaging Market is expected to reach USD 29.32 billion by 2027. The market's growth is driven by various factors, including the increasing focus on reducing plastic waste in packaging, especially in the European Union and North American countries, stricter regulations on single-use plastic food packaging, the use of recyclable plastic materials in packaging, growing demand for flexible food-grade packaging solutions, technological advancements in recyclable plastic products, and a general emphasis on reducing plastic usage.

The market has witnessed a rise in the adoption of reusable-as-a-service models for food packaging, with startups like GoBox and Ozarka offering reusable takeout containers at affordable prices. These companies employ a system of container reuse, thorough cleaning, and sanitization, incorporating certified food-grade reusable or recyclable materials in container manufacturing. This zero-waste revolution has resulted in a reusable-as-a-service business model that strengthens the market.

In industries where the safe distribution of packaged foods is crucial, reusable food packaging plays a significant role. The market also benefits from the expansion of online food delivery businesses worldwide, as the protection of packaged food from tampering or damage is essential in this sector.

The COVID-19 pandemic has undoubtedly posed challenges to the industry's growth. Major players in the market have had to adapt their strategies to navigate this uncertain environment. While the pandemic has impacted manufacturing and packaging industries, the focus on food safety has led to the adoption of effective sterilization and sanitization measures in food delivery and processing chains. Additionally, there has been a growing importance placed on reusable packaging alongside disposable options, creating opportunities for market growth in the future.

Get a sample copy of the Reusable Food Packaging Market report: https://www.reportsanddata.com/download-free-sample/3683

Further findings from the report include:

• Innovative companies are shifting the traditional take, fill, and waste paradigm to a zero-waste model, reducing operational costs and continuous expenses on new packaging. For example, Eco-Takeouts provides reusable takeout containers to cafeterias, while DeliverZero uses recyclable containers for food delivery. Canteen by Dig, a restaurant in New York, offers reusable to-go containers for a monthly fee.
• The market is expected to expand significantly in the food logistics and transportation sectors, particularly in the food delivery business.
• The Bakery & Confectionery segment holds the largest market share of 22.7% in 2019, with a rapid growth rate of 6.7% during the forecast period. The food and beverage industry extensively utilizes reusable food packaging for transporting various food-grade products.
• Despite the market's growth-promoting advantages, such as environmental benefits, differing environmental regulations across regions and concerns over the cost-to-benefit ratio for small manufacturers may impede market growth.
• Key players in the market include Amcor, Sealed Air Corporation, BASF, WestRock, Evergreen Packaging, Rehrig Pacific Company, Swedbrand Groups, IPL Plastics, Vetropack Holding, and Schütz GmbH & Co. KGaA, among others.

For this report, Reports and Data have segmented the global Reusable Food Packaging Market based on raw materials, type, end-user, and region:

Raw Materials Outlook (Revenue: USD Billion; Volume: Million Units; 2017-2027)

• Metal
• Plastic
• Glass
• Silicone
• Wood
• Paper

Type Outlook (Revenue: USD Billion; Volume: Million Units; 2017-2027)

• Box & Containers
• Crates & Pallets
• Pouches & Tubes
• Intermediate Bulk Containers (IBC)
• Bottles & Jars
• Drums & Barrels
• Others

Reusable Food Packaging Market: Drive factors

The growth of the Reusable Food Packaging Market can be attributed to several driving factors:

1.      Emphasis on Zero-Waste: There is a greater focus on reducing plastic waste in packaging, particularly in the European Union and North American nations. This emphasis on zero-waste practices has led to increased adoption of reusable food packaging solutions.

2.      Restrictions on Single-Use Plastic: Governments and regulatory bodies have implemented stricter regulations on the use of single-use plastic food packaging, especially for take-out meals. This has prompted the food industry to explore more sustainable packaging options, including reusable alternatives.

3.      Recyclability and Use of Sustainable Materials: The packaging industry has witnessed advancements in recyclable plastic products and the use of certain plastic ingredients that enhance recyclability. The incorporation of certified food-grade reusable or recyclable materials in packaging manufacturing has further fueled the adoption of reusable food packaging.

4.      Demand for Flexible Food-Grade Packaging: There is a rising demand for flexible food-grade packaging solutions, driven by factors such as convenience, ease of use, and the need for packaging that accommodates different food types and shapes. Reusable food packaging offers versatility in meeting these requirements.

5.      Technological Advancements: Technological advancements in recyclable plastic products and manufacturing processes have contributed to the development of innovative reusable food packaging solutions. These advancements have improved the durability, safety, and overall performance of reusable packaging options.

These driving factors collectively contribute to the growth and adoption of reusable food packaging solutions, fostering a more sustainable and environmentally conscious approach to food packaging in various industries.

Explore Trending Reports:

Compostable Bags Market: https://www.reportsanddata.com/report-detail/compostable-bags-market

Thermoelectric Generators Market: https://www.reportsanddata.com/report-detail/thermoelectric-generators-market

Agricultural Pheromones Market: https://www.reportsanddata.com/report-detail/agricultural-pheromones-market

Utilities Mobile Cranes Market: https://www.reportsanddata.com/report-detail/utilities-mobile-cranes-market

Request a customization of the report: https://www.reportsanddata.com/request-customization-form/3683

Thank you for reading our report. To know more about the customization or any query about the report contents, please connect with us and our team will ensure the report is tailored to meet your requirements.

About Reports and Data    

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact:

John W, Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
LinkedIn | Twitter | Blogs