In the changed post COVID-19 business landscape, the global market for Reusable Packaging estimated at $103. 1 billion in the year 2020, is projected to reach a revised size of $151.2 billion by 2027, growing at a Compound Annual Growth Rate (CAGR) of 5 percent, according to a new report from Reportlinker.
Taking into account the ongoing post pandemic recovery, growth in the plastic segment is readjusted to a revised 6.4 percent CAGR for the next 7-year period.
The Reusable Packaging market in the United States is estimated at $28.1 billion in the year 2020.
China is forecast to reach a projected market size of $32.6 billion by the year 2027 trailing a CAGR of 9.5 percent over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.9 percent and 4.4 percent respectively over the 2020-2027 period.
Within Europe, Germany is forecast to grow at approximately 3.9 percent CAGR.
Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach $20.6 billion by the year 2027.