The global reusable plastic containers market was valued at US$ 255.77 Million in 2020, according to the Global Reusable Plastic Containers Market Report, By Type (Bulk Containers, Handheld Storage Containers, and Others), By Application (Vegetables, Fruits, Eggs, Meat, and Others), and by Region (North America, Latin America, Asia Pacific, Europe and Middle East & Africa) – published by Coherent Market Insights.
The global reusable plastic containers market is expected to surpass US$ 489.3 Million by 2028 and exhibit a CAGR of 9.5% during the forecast period (2021-2028). Due to the increased demand for single-use packaging, the demand for manufacturing of plastic containers is increasing. Plastic containers are used in a wide range of applications, from beverages to bottled water and also it is highly used in food packaging, due to their light weight, low cost, and non-reactive nature. According to data published by the United States Department of Agriculture (USDA), the food marketing system in the U.S., which includes food service and food retailing, supplied approximately US$ 1.77 trillion worth of food in 2019, with foodservice facilities accounting for US$ 969.4 billion.
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Browse 25 market data tables* and 20 figures* on "Global Reusable Plastic Containers Market” – Forecast to 2028
Global reusable plastic containers market - Impact of Coronavirus (COVID-19) Pandemic
Since March 2020, almost every industry in the world has suffered due to the COVID-19 pandemic. This can be attributed to significant disruptions in their respective manufacturing and supply-chain operations as a result of various precautionary lockdowns and other restrictions imposed by governments all over the world. The same applies to the global reusable plastic containers market. The COVID-19 outbreak in Wuhan, China, has spread across major APAC, European, and North American countries, affecting the reusable plastic containers market, because most global companies have headquarters in these countries. The impact of COVID-19 caused a disruption in the supply chain, which slowed market growth due to a lack of raw materials and workforce shortage. Reduced raw material output, supply chain disruptions, and restricted trade movements have all affected the market in 2020. The pandemic had an impact on end-use industries including as food, beverage, automotive, and consumer durables.
Key Trends and Analysis of the Global Reusable Plastic Containers Market:
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