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Recyclable Packaging Market Top Players- Smurfit Kappa Group, Sonoco Products Company, Evergreen Packaging, ELOPAK, WINPAK Ltd.
Recyclable Packaging Market
According to the latest research by InsightAce Analytic, the Global Recyclable Packaging Market is valued at US$ 29.04 Bn in 2022, and it is expected to reach US$ 42.08 Bn by 2031, with a CAGR of 4.3% during a forecast period of 2023-2031.
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Recyclable packaging encompasses materials and designs specifically developed to be collected, processed, and reintroduced into the production cycle through recycling systems. The primary objective of this approach is to reduce waste generation, conserve natural resources, and lower the environmental impact associated with traditional packaging materials.
The increasing adoption of recyclable packaging plays a pivotal role in decreasing landfill accumulation, preserving finite resources, and mitigating ecological degradation. Growing consumer preference for environmentally responsible products-particularly those utilizing recyclable materials such as paperboard, glass, and metal-is a key driver of market expansion. Given the critical role of packaging across a wide range of sectors including personal care, pharmaceuticals, food and beverage, and healthcare, the market for recyclable packaging presents considerable growth opportunities.
However, the development and maintenance of effective recycling infrastructure require substantial investment in specialized equipment, skilled personnel, and advanced technological solutions. When supported by well-structured recycling programs and efficient technologies, the recycling process can yield significant energy and resource efficiencies. Ongoing innovation, coupled with robust economic development, is expected to bolster the recyclable packaging market. Industry stakeholders are actively pursuing technological advancements and expanding their footprint in emerging markets, thereby enhancing competitiveness and supporting long-term market growth.
List of Prominent Players in the Recyclable Packaging Market:
• Amcor Plc.
• Mondi Group
• Sealed Air Corporation
• Ball Corporation
• Tetra Pak
• Crown Holdings Inc.
• BASF
• Huhtamaki Oyj
• Westrock Company
• Smurfit Kappa Group
• Sonoco Products Company
• Evergreen Packaging
• ELOPAK
• WINPAK Ltd.
• Berry Global
• Printpak Inc.
• Paperfoam
• Sustainable Packaging Industries
• GWP Group
• Swedbrand Groups
• 3M
• Graham Packaging Company,
• Lacerta Group, Inc.,
• Ebro Color GmbH,
• Salazar Packaging, Inc,
• Others
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Market Dynamics
Drivers:
The growing demand for recyclable packaging is primarily fueled by heightened public awareness regarding the environmental consequences of non-degradable and single-use plastic materials, particularly within the food packaging sector. The adverse effects of non-recyclable plastics on ecosystems, wildlife, and human health-owing to their prolonged environmental persistence-have significantly influenced consumer behavior. This increasing environmental consciousness is expected to serve as a major catalyst for the growth of the recyclable packaging market over the forecast period.
Challenges:
Despite its potential, the recyclable packaging market encounters several challenges. Key among them are elevated production costs, competition from alternative packaging solutions, and the need for advanced technological integration. Additionally, supply chain disruptions resulting from pandemic-related lockdowns and restrictions-particularly in developing economies-have hindered market momentum. Fluctuations in raw material prices and the high operational costs associated with recycling infrastructure further constrain market expansion.
Regional Trends:
Europe is expected to dominate the recyclable packaging market in terms of revenue share, supported by comprehensive regulatory frameworks that mandate the use of recyclable materials and impose penalties for non-compliance. The region's continued economic stability and emphasis on sustainability are projected to drive further growth.
North America also represents a significant share of the global market, driven by its mature economic landscape, growing population, and strong governmental support for recycling initiatives. Public awareness campaigns, widespread adoption of recycled materials, and the presence of prominent industry players-coupled with strategic partnerships-are anticipated to further strengthen the region's contribution to the global recyclable packaging industry.
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Recent Developments:
• In September 2023, Mondi and Veetee were the first to introduce recyclable paper-based packaging to the UK food market. Since April, Mondi's recyclable FunctionalBarrier Paper has been used to construct the new packaging for Veetee's rice range. The packaging served as a direct replacement for plastic, protecting the products while supporting Veetee's efforts to reduce plastic consumption.
• In Feb 2022, Crown Set New Goals to Increase Global Beverage Can Recycling. Crown worked with industry partners to improve public and private recycling access, educated consumers on the importance of recycling used beverage cans (UBCs), funded can-capture technologies to improve recycling centre sorting processes, and supported effective recycling policies to increase aluminium can recycling rates.
Segmentation of Recyclable Packaging Market-
By Material Type -
• Glass
• Paper
• Plastic
• Tinplate
• Wood
• Aluminum
• Biodegradable plastics
• Recycled paper
By packaging -
• Paper & cardboard
• Bubble wrap
• Void fill packing
• Pouches & envelopes
By End-Use
• Food & beverage
• Pharmaceutical
• Personal care
• Logistics
• others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa
Read Overview Report- https://www.insightaceanalytic.com/report/recyclable-packaging-market/2114
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 551 226 6109
Asia: +91 79 72967118
info@insightaceanalytic.com
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