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Recyclable Packaging Market 2023 - By Share, Trends, Size And Forecasting To 2032
Recyclable Packaging Market
The Business Research Company's Recyclable Packaging Global Market Report 2023 identifies increasing stringent regulations for adopting recycling packaging materials as the major driver for the Recyclable Packaging market's growth in the forecast period. The government across the globe are implementing stringent regulations for the adoption of recyclable packaging materials to reduce the landfill of plastics, maintain effective waste management, and generate sustainable business practices.
The global recyclable packaging market size grew from $28.33 billion in 2022 to $30.11 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The recyclable packaging market size is expected to grow to $36.14 billion in 2027 at a CAGR of 4.7%.
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Major competitors in the Recyclable Packaging market are Amcor PLC., Tetra Laval, Ardagh Group SA, Ball Corporation, Elopak AS, Emerald Packaging.
A key trend in the Recyclable Packaging market includes eco-friendly packaging. Eco-friendly packaging is biodegradable recyclable, reusable, non-toxic, and constructed from recycled items. The use of eco-friendly packaging decreases carbon footprint and promotes green living that helps to conserve energy and also prevents air, water, and noise pollution. For instance, in April 2020 P&G (Procter & Gamble), an American multinational consumer goods corporation started opting n eco-friendly packaging. Brands such as Old Spice and Secret sporting started new eco-friendly packaging for their deodorant products.
Read More On The Global Recyclable Packaging Market Report Here:
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The Recyclable Packaging market is segmented -
• By Type Of Packaging: Paper and Cardboard, Bubble Wrap, Void-fill Packing, Pouches and Envelopes
• By Material type: Glass, Paper, Plastic, Tinplate, Wood, Aluminum, Biodegradable Plastics, Recycled Papers
• By End Use Industry: Healthcare Industry, Food and Beverage Industry, Personal Care Industry
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Western Europe was the largest region in the Recyclable Packaging market.
The Business Research Company's "Global Recyclable Packaging Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Recyclable Packaging Market Include:
1. Executive Summary
2. Recyclable Packaging Market Characteristics
3. Recyclable Packaging Market Trends And Strategies
4. Recyclable Packaging Market - Macro Economic Scenario
5. Recyclable Packaging Market Size And Growth
…………………………….
26. Africa Recyclable Packaging Market
27. Recyclable Packaging Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Recyclable Packaging Market
29. Recyclable Packaging Market Future Outlook and Potential Analysis
30. Appendix
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