Global Recycled Packaging Market, By Material Type (Glass, Paper, Plastic, Tinplate, Wood, Aluminum, Biodegradable Plastic, Recycled Papers), Packaging Type (Paper & Cardboard, Void Fill Packing, Bubble Wrap, Pouches & Envelopes), End-Use Industry (Healthcare Industry, Personal Care & Cosmetics Industry, Food & Beverages Industry), Country (U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA)) Industry Trends and Forecast to 2028
The recycled packaging market will grow at a rate of 3.00% for the forecast period of 2021 to 2028. Growing consumer concerns for the protection of the environment from hazards is an essential factor driving the recycled packaging market.
Packaging is used widely across industries which includes pharmaceutical, food and beverages, agro chemicals, household chemicals, sports and cosmetics among others. An extreme large chunk of waste generated by these industries comprise of packaging materials and products. Recyclable packaging can help in reducing the waste produced due to packaging materials and recyclable packaging also helps in reducing operational cost thus improving efficiency and minimizing waste.
Increase in the retail sector and rapid installation of modern retail stores in the APEJ region is the major factor escalating the market growth, also increasing consumer preference for eco-friendly stamped products, rising government initiatives towards sustainable packaging, rising shift in consumer preferences towards recyclable and eco-friendly materials, increasing downsizing of packaging, rising breakthrough in new technologies, changing consumer lifestyle and increased awareness for eco-friendly tagged products are the major factors among others propelling the growth of recycled packaging market. Moreover, rising growth of the E-commerce industry, rising research and development activities in the market and rising technological advancements and modernization in the packaging industry will further create new opportunities for the recycled packaging market in the in the forecast period of 2021- 2028.
However, rising poor infrastructure facilities for recycling, increasing lack of awareness about the importance of sustainability in some emerging economies and increasing cost of recycling are the major factors among others restraining the market growth, while rising fluctuations in the prices of raw material prices will further challenge the growth of recycled packaging market.
This recycled packaging market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the recycled packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recycled Packaging Market Scope and Market Size
The recycled packaging market is segmented on the basis of material type, packaging type and end-user industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- Based on material type, the recycled packaging market is segmented into glass, paper, plastic, tinplate, wood, aluminum, biodegradable plastic and recycled papers.
- Based on packaging type, the recycled packaging market is segmented into paper & cardboard, void fill packing, bubble wrap and pouches & envelopes.
- The recycled packaging market is also segmented on the basis of end-user industry into healthcare industry, personal care & cosmetics industry and food & beverages industry.
Recycled Packaging Market Country Level Analysis
The recycled packaging market is analysed and market size, volume information is provided by material type, packaging type and end-user industry as referenced above.
The countries covered in the recycled packaging market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Europe dominates recycled packaging market due to rising awareness for environment protection, rising implementation of regulations for sustainable packaging, increasing consumer preference for eco-friendly stamped products, rising government initiatives towards sustainable packaging, rising shift in consumer preferences towards recyclable and eco-friendly materials increasing downsizing of packaging and rising breakthrough in new technologies in this region. Asia-Pacific is the expected region in terms of growth in recycled packaging materials market due to increasing consumer preference for eco-friendly stamped products and rising government initiatives towards sustainable packaging in this region.
The country section of the recycled packaging market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Recycled Packaging Market Share Analysis
The recycled packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to recycled packaging market.
The major players covered in the recycled packaging market report are Lacerta Group, Inc, American Packaging Corporation, Graham Packaging Company, 3M, Mondi, Salazar Packaging, Inc, Amcor plc, Asia Pulp & Paper (APP) Sinar Mas, Gerresheimer AG, BALL CORPORATION, Ardagh Group S.A., Crown Holdings, DS Smith, International Paper, Berry Global Inc, BASF SE, Ebro Color GmbH, AVERY DENNISON CORPORATION, Crown and Smurfit Kappa, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.