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SAN FRANCISCO, March 16, 2021 /PRNewswire/ The global returnable packaging market size is
expected to reach USD 153.35 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to
expand at a CAGR of 5.7% from 2021 to 2028. Rapid industrialization, increasing trade activities, and rising demand for robust, long-term, and eco-friendly packaging for the transportation of finished and semi-finished goods in multiple end-use industries are expected to augment the growth of the market.
Key suggestions from the report:
Based on material, plastic accounted for a share of 63.4% in terms of revenue in 2020 owing to the high adoption of plastic-based pallets, crates, and IBCs by end-use companies due to their durability, lightweight, low cost, and high-impact resistance