Press release
Recyclable Packaging Market Share and Growth Potential Report 2024 - 2031 | Amcor, Tetra Laval, Ardagh Group SA
Recyclable Packaging Market
The recyclable packaging market is estimated to be valued at USD 30.53 Bn in 2024 and is expected to reach USD 41.27 Bn by 2031, growing at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Market Dynamics:
The Recyclable Packaging Market is witnessing high growth owing to rising environmental concerns among consumers and stringent regulations regarding packaging waste disposal. Growing adoption of sustainable packaging solutions by food and beverage manufacturers to attract environmentally conscious customers is also fueling market growth. Furthermore, developing economies pushing for circular economy practices to reduce waste generation and promote industrial symbiosis is positively impacting the recyclable packaging industry expansion over the forecast period.
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Recyclable Packaging Market Drivers
Increasing Concerns Regarding Environmental Pollution
Consumers as well as manufacturers are becoming increasingly aware of the environmental harm caused due to non-recyclable packaging materials. Non-recyclable plastics in particular have emerged as a major source of pollution of oceans and waterways. This is promoting a shift towards recyclable and sustainable packaging options. Various regulations across countries are also mandating the use of recyclable materials. The recyclable packaging market allows reducing environmental footprint of products.
Recyclable Packaging Market Opportunity
Advancements in Recycling Technologies
Constant research and development is expanding the types of materials that can be effectively recycled. Innovations in sorting, separation and reprocessing technologies allow recovering higher value from collected waste streams. Emerging techniques such as chemical and feedstock recycling are making even complex multi-material mixes reusable. This is broadening the scope of recyclable packaging formats. It can also help improve the quality and yield of recycled output.
Recyclable Packaging Market Trends
Rising Popularity of Flexible Plastic Recycling
Though challenging to recycle, flexible plastic packaging volumes are growing rapidly due to the convenience they provide. Continuous efforts are on to develop cost-effective recycling processes for laminated films, pouches and bags. Successful models are emerging for collecting and reprocessing flexible formats made from PET, PE and PP. Advances in mechanical and chemical recycling infrastructure would promote the recycled content usage in flexibles. This trend can meaningfully increase the coming volumes in the recyclable packaging sector.
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Top Companies Included in This Report:
★ Amcor
★ Tetra Laval
★ Ardagh Group SA
★ Ball Corporation
★ Elopak AS
★ Emerald Packaging
★ PlastiPak Holdings Inc.
★ Sealed Air Corporation
★ Uflex Limited
★ WestRock Company
★ Be Green Packaging
★ DS Smith
★ DuPont
★ Evergreen Packaging
★ Mondi
★ Bemis Company
★ Graham
★ International Paper
★ TIPA Corp
★ Nampak
Market Segmentation:
By Product Type:
★ By Material Type: Glass, Paper, Plastic, Tinplate, Wood, Aluminum, and Others (Biodegradable plastics, etc.)
★ By Packaging Type: Corrugated Boxes , Wraps , Pouches , Jars , and Others
★ By End User: Cosmetics & Personal care , Food & Beverage , Logistics , Healthcare , and Others
Key Regions/Countries are Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
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The report offers insights on the following topics:
Chapter 1: Study Coverage
Chapter 2: Executive Summary
Chapter 3: Competitor Landscape of the Recyclable Packaging Market by Players
Chapter 4: Market Size of the Recyclable Packaging Market by Type and Application
Chapter 5: Global and Regional Analysis
Chapter 6: Company Profiles, Recent Developments, and Investments
Chapter 7: Analysis of Market Opportunities, Challenges, Risks, and Influencing Factors
Chapter 8: Analysis of Value Chain and Sales Channels, including notable product developments
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology/Research Approach
Ultimately, the Recyclable Packaging Market report serves as a reliable source for acquiring market research to significantly enhance your business. It furnishes essential insights into regional economic conditions, product pricing, profitability, capacity, production, supply, demand, market growth rate, and forecasts. Additionally, the report includes a SWOT analysis, investment feasibility analysis, and return on investment analysis for new projects within the Recyclable Packaging industry.
Should the aforementioned report not meet your precise requirements, we offer customized research tailored to comprehensively address your specific business needs. Our customized research will encompass all the pertinent business information necessary to assist you in making strategic and profitable business decisions.
Author Bio:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)
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About Us
Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
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