Reusable food packaging market expected to reach $ 29.32 billion by 2027, according to reports and data

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Reports and data

Optimization of packaging size, increasing focus on reusable materials, expansion of reusable as a service in packaged food delivery

NEW YORK, NY, UNITED STATES, September 27, 2021 /EINPresswire.com/ – The Global Reusable Food Packaging Market is expected to reach USD 29.32 billion by 2027. Factors associated with market growth include the focus on zero waste plastic packaging, especially in the European Union and North American countries, the news restrictions on one-time use of plastic foods – packaging especially for take-out, higher degree of recyclability by using certain plastic ingredients used in packaging, growing demand for flexible food grade packaging solutions, technological advancement in recyclable plastic products and the overall importance of reducing plastic use.

An increasing penetration of the reusable service for food packaging in particular has been observed as some of the start-ups like GoBox, Ozarka have started offering reusable take-out containers at a reasonable price, which customers are willing to pay. The business models of these start-ups used the use loop of containers and disposables thereof through deep cleaning and disinfection, and allowing them to be reused while incorporating reusable materials or recyclable certified food grade containers for manufacturing. In this way, the zero waste revolution has created a reusable business enterprise as a service that deliberately contributes to strengthening the market.

The underlying reason being, in these industries, efficient dispersal of packaged foods, without them being damaged, is essential. The market is also benefiting from the expansion of online food delivery businesses in different parts of the world. For the operation of this sector, the protection of packaged food against adulteration or damage is crucial, which increases the suitability of this packaging in the industry.

The impact of COVID-19:

The COVID-19 pandemic would undoubtedly put the growth of the industry at risk at all times. The major players in the industry remain uncertain about the future of the industry, and they tend to adapt their strategies to support each other in this battle. The pandemic has had a significant impact on the manufacturing, recyclable packaging or reusable service industries and most multinational companies have had to avoid factories and other sectors. However, due to the increased importance given to the safety of packaged food, an effective measure of sterilization and disinfection has been adopted by food delivery and processing chains in order to maintain the trust of their customers and their customers. preference for the brand. In addition to disposable packaging, a greater emphasis on reusable packaging has been observed recently, which has created a greater possibility of market growth in the coming period.

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Other key findings from the report suggest:

Having accomplished the recyclability of food grade packaging with a long product life cycle, some of the innovative companies are now focusing on changing the conventional framework of the take, fill and waste paradigm towards a more recent where the zero waste lifestyle can be followed. In this way, they can not only reduce the operating costs of food packaging which previously involved long-lived trash and ongoing expense on new packaging every time.

Start-ups like Eco-Takeouts are providing reusable take-out containers to cafeterias at businesses, hospitals, and universities, while Brooklyn, New York-based DeliverZero uses recyclable containers for their food delivery. Canteen by Dig, an innovative restaurant in New York City, offers reusable take-out containers or boxes in exchange for a monthly fee of $ 3.

Considering the increasing product penetration in food logistics and transportation especially for the food delivery industry, the reusable food packaging market is expected to expand significantly during the forecast period.

In the context of end user, Bakery and Confectionery segment occupies the largest market share of 22.7% in 2019 with the fastest growth rate of 6.7% during the forecast period. The food industry widely uses this packaging because of its usefulness in transporting various food grade packaging to its suppliers.

Despite various advantages associated with this packaging, which favor the expansion of the market, factors such as various environmental regulations in different regions and the concern of small manufacturers about cost-benefit ratio may be a concern for the market growth.

Major market players 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.

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For the purpose of this report, reports and data have been segmented into the global Reusable Food Packaging market on the basis of raw material, type, end-user, and region:

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

Metal

Plastic

A glass

Silicone

Drink

Paper

Type Outlook (Revenue: Billions USD; Volume: Millions of units; 2017-2027)

Box and Containers

Boxes & Pallets

Pouches and tubes

Intermediate Bulk Containers (IBC)

Bottles & Jars

Drums and barrels

Others

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

Bakery & Confectionery

Ready meals

Raw meat and fish

Fruits and vegetables

Dairy products and beverages

Others

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

North America

Europe

Asia Pacific

Latin America

MEA

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Contents:

Chapter 1. Market synopsis

1.1. Market definition

1.2. Scope and premise of the research

1.3. Methodology

1.4. Market estimation technique

Chapter 2. Executive summary

2.1. Summary overview, 2019-2027

Chapter 3. Indicative measures

Chapter 4. Reusable Food Packaging Market Segmentation and Impact Analysis

4.1. Reusable Food Packaging Market Segmentation Analysis

4.2. Industrial outlook

4.2.1. Analysis of market indicators

To continue…

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Customization of the report is available according to user requirements to ensure maximum usefulness to the reader and an increased level of understanding.

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