Global Recyclable Packaging Market 2020-2025| COVID-19 Analysis, Opportunity, Segments, Demand and Regional Forecast

Summary

Global Recyclable Packaging Market Information by Material Type (Glass, Paper, Plastic, Tinplate, Wood, Aluminum, Biodegradable Plastic and Recycled Papers), Packaging Type (Paper & Cardboard, Void Fill Packing, Bubble Wrap and Pouches & Envelopes), End-Use Industry (Healthcare Industry, Personal Care & Cosmetics Industry and Food & Beverages Industry) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and South America) - Forecast till 2025

Market Synopsis

The global recyclable packaging market demonstrates outstanding growth prospects. The market growth attributes to the rapidly spreading awareness for the benefits of recyclable packaging solutions. Besides, the rising usages of these packaging solutions for consumables and produces, drive the growth of the market. Moreover, technological advances in the field of recycling techniques and demand for innovative packaging solutions escalate market growth.

According to Market Research Future (MRFR), the global recyclable packaging market was valued at USD 25 BN in 2018, which is projected to grow at around 4.1% CAGR during the anticipated period (2019 – 2025). Sustainable packaging material is a very crucial step towards environment consideration. The demand for recyclable packaging and green packaging material is growing moderately over the past few years, propelling the environment-friendly packaging methods.

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Additionally, stringent regulations to promote the adoption of recycling packaging materials and consumer awareness regarding healthy lifestyles and eco-packaging boost market growth. Moreover, the introduction and implementation of bioplastics create opportunities for the players in the compostable packaging business. Increasing R&D investments for product innovation and the development of packaging materials influence the growth of the market.

Growing government initiatives also increase the market size, propelling smart packaging solutions in the food & beverage industry. Conversely, the higher cost of recyclable technologies is a major factor projected to impede market growth. Nevertheless, growing carbon footprints concerns would support market growth throughout the assessment period. Similarly, the environmentally friendly quality of recyclable packaging provides impetus to the growth of the market.

Major Players:

Players leading the global recyclable packaging market are Ebro Color GmbH (Germany), Graham Packaging Company (US), Lacerta Group, Inc. (US), Amcor (Australia), 3M (US), Salazar Packaging, Inc.(US), APP (Asia Pulp & Paper) (Indonesia), Avery Dennison Corporation (US), American Packaging Corporation (US), and BASF SE (Germany), among others.

Industry/ Innovation/ Related News:

September 24, 2020 --- Nuvae Healthcare (India), a personal care company, launched a fully recyclable packaging system - made of EcoLamPlus. The company has developed this flexible packaging solution in collaboration with Constantia Flexibles. As the pandemic continues, these companies decided to join forces for an utterly recyclable packaging system made of EcoLamPlus, one of Constantia Flexibles’ laminate products, which are in the monopolymer EcoLam packaging family based on PE.

The new recyclable packaging system is designed to replace non-recyclable multipolymer structures where water vapor and oxygen barriers are needed, helping to sustain highly volatile products like alcohol.

Segmentations

The report is segmented into four dynamics;

By Material Type : Glass, Paper, Plastic, Tinplate, Wood, Aluminum, Biodegradable Plastic, Recycled Papers, and others.

By Packaging Type : Paper & Cardboard, Void Fill Packing, Bubble Wrap, Pouches & Envelopes, and others.

By End-Use Industry: Healthcare Industry, Personal Care & Cosmetics Industry, Food & Beverages Industry, and others.

By Region : Americas, Europe, APAC, and Rest-of-the-World.

Regional Analysis

The Asia Pacific region dominates the global recyclable packaging market. The largest market share attributes to the rapid growth in the food industry due to impressive urbanization and high dependency on packaged food products. Besides, the burgeoning pharmaceutical industry contributes to the development of the regional market. Moreover, the rising demand for sustainable packaging, mainly from the F&B and personal care & cosmetics industry in the region, drive the market growth.

China and India are the key markets for recyclable packaging in the region, providing increasingly lucrative opportunities. The APAC recyclable packaging market is expected to retain its dominance throughout the forecast period.

North America stands second in the global recyclable packaging market. The market growth is fostered by the rising demand for fresh produce and the higher disposable income of demographics. Additionally, the vast technological advances and demand for efficient packaging solutions for personal care products boost the regional market growth. The North American recyclable packaging market is estimated to grow at a significant CAGR during the review period.

Europe is a notable market for recyclable packaging solutions globally. Factors such as the changing lifestyles and spurting rise in the fresh food packaging market in the region drive the regional market growth. Due to the convenience of storing the recyclable packaging market in the region is growing rapidly. Furthermore, the burgeoning e-commerce industry, increasing cross-border trade, and rising online shopping fuel the market demand in the region.

Competitive Analysis

Highly competitive, the recyclable packaging market appears fragmented due to the presence of several well-established players. To gain a significantly larger competitive share, notable players incorporate strategic initiatives such as collaboration, mergers & acquisitions, expansion, and product/technology launch. They invest substantially in the development of new products and technologies. Industry players are keen on ecological norms and to reduce both cost and wastage.

To survive and create new markets, industry players rely on innovations and strategic partnerships. They keep themselves abreast of the latest technological developments and latest consumer trends by developing human capital. Many key players in the industry are expanding their existing production capacities in response to the increased demand for innovative and sustainable materials by brands and consumers.

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Table Of Contents

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Threat Of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power Of Buyers

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

Continues…..

List Of Figures

Figure 1 Research Process Of MRFR

Figure 2 Top-Down And Bottom-Up Approach

Figure 3 Market Dynamics

Figure 4 Impact Analysis: Market Drivers

Figure 5 Impact Analysis: Market Restraints

Figure 6 Porter’s Five Forces Analysis

Continues…..

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