Returnable Packaging Market worth $141.7 billion by 2026 - Exclusive Report by MarketsandMarkets - Seite 2

In terms of value & volume, consumer durables is estimated to be the fastest-growing segment in the returnable packaging market.

The consumer durables segment is expected to grow at the highest CAGR from 2021 to 2026. Consumer durables comprise electronic appliances, computer hardware, tools, jewelry, and furniture. The consumer durables industry prefers packaging that can withstand the effects of harsh environments, temperature, and moisture. This industry requires packaging that is capable of meeting the specifications of manufacturers and enhancing their operational efficiency by delivering exceptional services such as instant product identification.

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APAC is the largest market for activated carbon 

APAC led the global activated carbon market, accounting for a share of 39.3% in 2020. APAC is segmented into China, Japan, India, Indonesia, South Korea, and the Rest of APAC. Factors such as ready availability of raw materials and manpower, along with sophisticated technologies and innovations, have driven economic growth in the APAC region. According to the World Bank, the two economic giants of the APAC region, China and Japan, were the world's second and third-largest economies as of 2020.

The activated carbon market comprises major solution providers, Osaka Gas Co., Ltd. (Japan), Cabot Corporation (US), Kuraray Co. Ltd. (Japan), Haycarb Plc (Sri Lanka), and Kureha Corporation (Japan) among others.

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