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PCR Plastic Packaging Global Market Analysis, Trends, Growth, Research And Forecast 2033
PCR Plastic Packaging Global Market Analysis
As per the report, the PCR plastic packaging market size has grown strongly in recent years. It will grow from $48.50 billion in 2023 to $51.80 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The PCR plastic packaging market size is expected to seestrong growth in the next few years. It will grow to $67.05 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%.
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E-Commerce Boom Fuels Expansion Of The PCR Plastic Packaging Market
Growing e-commerce activities are expected to propel the growth of the PCR plastic packaging market. E-commerce activities encompass online buying and selling, digital payments, and diverse transaction models, revolutionizing commerce through the Internet. PCR plastic is frequently employed in e-commerce shipping, such as mailers, bubble wrap, and protective packaging, striking a balance between durability and environmental responsibility, thereby diminishing dependence on virgin plastics. For instance, in November 2023, according to a report published by the U.S. Census Bureau, a division of the United States Department of Commerce, in the third quarter of 2023, retail e-commerce sales in the United States amounted to approximately $284.1 billion, reflecting a growth of 2.3% compared to the second quarter of 2023. Therefore, the rapid growth in e-commerce activities will drive the growth of the PCR plastic packaging market.
Innovative 100% PCR Bottle Solution Drive Environmental Sustainability
Major companies operating in the PCR plastic packaging market are focusing on innovative product development and sustainable branding, such as 100% PCR bottles, to advance environmental sustainability by utilizing postconsumer recycled materials in packaging solutions. 100 percent PCR bottles are packaging containers made entirely from postconsumer recycled plastic, reflecting a commitment to environmental sustainability and circular economy practices. For instance, in November 2023, Berry Global Group, Inc., a US-based manufacturer of plastic packaging products, introduced a line of reusable bottles crafted entirely from post-consumer recycled plastic (PCR) for The Bio-D Co., a UK-based environmentally conscious cleaning company. The available sizes include 25-ounce, 33-ounce, and 1.3-gallon options for Bio-D's range of liquid products, such as laundry detergent, fabric conditioner, dishwasher rinse aid, dish soap, and home and garden cleaner. Bio-D, committed to providing naturally derived alternatives to toxic chemicals for safe and eco-friendly cleaning, plans to distribute these PCR bottles, which can be refilled at over 300 refill stores nationwide. The end-of-life bottles are now recyclable, contributing to a reduction of 14.3 tons of annual CO2 emissions compared to using virgin plastic.
The pcr plastic packaging market covered in this report is segmented -
1) By Material: Polyethylene Terephthalate (PET), Polystyrene (PS), High Density Polyethylene (HDPE), Low Density Polyethylene (LDPE), Polyvinyl Chloride (PVC), Other Materials
2) By Packaging Type: Pouches, Rollstock, Bags, Films And Wraps, Other Packaging Types
3) By End Use Industry: Food, Beverages, Pharmaceuticals, Cosmetics And Personal Care, Homecare And Toiletries, Electronics, Other End Use Industries
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Major companies operating in the pcr plastic packaging market report are Amcor Limited, Berry Global Group Inc., Mondi Group, DS Smith Plc, Sonoco Products Company, Silgan Holdings Inc., Silgan Dispensing Systems, Pactiv Evergeen Inc., Sealed Air Corporation, Huhtamäki Oyj, Inteplast Group, Plastipak Holdings Inc., LPLA Group, Constantia Flexibles Group GmbH, INDEVCO, Printpack Inc., Coveris Holdings S.A., Charter Next Generation Inc., ProAmpac Holdings Inc., Winpak Ltd., Greif Inc., Alpha Packaging Holdings Inc., NEX Films, Genpak LLC, Envision Plastics, Palcon Corporation, Spectra Packaging Solutions Ltd. , Reflex Packaging Inc. , Kelly Green Products, Mills River
Contents of the report:
1. Executive Summary
2. PCR Plastic Packaging Market Report Structure
3. PCR Plastic Packaging Market Trends And Strategies
4. PCR Plastic Packaging Market - Macro Economic Scenario
5. PCR Plastic Packaging Market Size And Growth
…..
27. PCR Plastic Packaging Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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