Returnable Packaging Market Trends

Returnable Packaging Market Trends

The incorporation of RFID tags and sensors in returnable packaging materials is growing in a upward direction. According to credible sources, usage of RFID tags and sensors is projected to reach USD 42.3 billion by 2027. This trend has a revolutionary capability to transform the supply chain market of returnable packaging goods. The returnable containers with incorporated RFID Tags, enable real-time tracking throughout the whole supply chain. This makes inventory management and logistics more efficient by enabling companies to locate each container precisely. Thereby, optimizing delivery schedules and ensuring stock availability. Sensor technology can be incorporated to monitor factors such as, temperature and pressure in the container, therefore, to prevent from any transportation mishaps and optimizing the conditions of perishable and non-perishable goods.
 

For example, temperature-sensitive medication can be packed in returnable containers with sensors, therefore, can be monitored during transport, and by alerting logistics, if any corrective action is required. Furthermore, the market for returnable packaging material is growing, with the manufacturers developing solutions for addressing specific industry needs. For example, for beverage industry, it is necessary to maintain the temperature of cold and hot beverages, while transportation in returnable packages. Therefore, to address these challenges, manufacturers are developing innovative lightweight, insulated plastic materials made from polymers like copolyesters and co-polyamides made containers which are lightweight, durable and can be used multiple times.