Press release
Recyclable Packaging Market Latest Trends and Growth Factors Analysis 2024 to 2031
InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global 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)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."
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.
Get Free Access to Demo Report, Excel Pivot and ToC: https://www.insightaceanalytic.com/request-sample/2114
Recyclable packaging pertains to packaging materials and designs that are specifically designed to be gathered, treated, and used or transformed into new products via recycling initiatives. The objective of utilizing recyclable packaging is to mitigate waste generation, preserve finite resources, and mitigate the ecological repercussions linked to packaging materials.
Recyclable packaging reduces waste sent to landfills, conserves valuable resources, and mitigates environmental impacts. The market for recycled packaging still has a lot of room to grow, thanks to the rising popularity of recycled consumer items made from recyclable materials, including paperboard, glass, and metal. Packaging affects every sector, from personal care to medicines, food and beverage, and healthcare. This, in turn, will create enormous chances for the recyclable packaging market to expand. As a result, the need for Recyclable Packaging is expected to increase.
However, the infrastructure required for recycling is costly and requires specialized equipment, skilled labour, and advanced technology. It is possible that recycling packaging materials could be more efficient in terms of energy and other resources with the help of a well-designed program and the proper technology. Introducing new technology and sustained Economic growth indicate the Recyclable Packaging market's future growth. Businesses in the market are ramping up their operations by inventing cutting-edge technologies or expanding into developing nations, ultimately increasing competition and boosting 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
Expert Knowledge, Just a Click Away: https://calendly.com/insightaceanalytic/30min?month=2024-02
Market Dynamics:
Drivers-
Growing demand for recyclable packaging can be attributed to the fact that as more people learn about the hazards of using non-degradable and single-use plastic goods for food packing, the market is projected to expand. The use of non-recyclable, single-use plastics harms the environment. Plastic has a long half-life and many negative effects on wildlife, flora, and humans. Market expansion is predicted during the forecast period on the back of rising consumer awareness of the risks associated with utilizing plastic goods for food packing, fueling the expansion of the recyclable packaging industry.
Challenges:
The prime challenge is the high cost, packaging alternatives, or adopting cutting-edge technology, hindering the development of the recyclable packaging business because of lockdowns and isolation in emerging countries, which is predicted to slow the growth of the recyclable packaging market. However, packaging material recycling processing costs and raw material price volatility. These same elements will be the market's greatest challenge in the years ahead.
Regional Trends:
The European recyclable packaging market is anticipated to register a major market share in revenue. It is projected to grow at a high CAGR in the near future because increased revenue in the region can be attributed partly to stricter targets being set there, such as the mandate for recyclable packaging and penalties for introducing non-recyclable packaging. In addition, sustained economic expansion will fuel further advancements in the recyclable packaging industry across the region.
Besides, North America had a substantial share in the market due to its developed economy, rapidly expanding population, and the spread of recycling education and government programs encouraging the use of recycled packaging. Moreover, the presence of significant market players and the growing cooperation between major players for market penetration in the area enables an opportunity to grow the global recyclable packaging market.
Unlock Your GTM Strategy: https://www.insightaceanalytic.com/customisation/2114
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
Empower Your Decision-Making with 180 Pages Full Report @ https://www.insightaceanalytic.com/buy-report/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
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.
Get Free Access to Demo Report, Excel Pivot and ToC: https://www.insightaceanalytic.com/request-sample/2114
Recyclable packaging pertains to packaging materials and designs that are specifically designed to be gathered, treated, and used or transformed into new products via recycling initiatives. The objective of utilizing recyclable packaging is to mitigate waste generation, preserve finite resources, and mitigate the ecological repercussions linked to packaging materials.
Recyclable packaging reduces waste sent to landfills, conserves valuable resources, and mitigates environmental impacts. The market for recycled packaging still has a lot of room to grow, thanks to the rising popularity of recycled consumer items made from recyclable materials, including paperboard, glass, and metal. Packaging affects every sector, from personal care to medicines, food and beverage, and healthcare. This, in turn, will create enormous chances for the recyclable packaging market to expand. As a result, the need for Recyclable Packaging is expected to increase.
However, the infrastructure required for recycling is costly and requires specialized equipment, skilled labour, and advanced technology. It is possible that recycling packaging materials could be more efficient in terms of energy and other resources with the help of a well-designed program and the proper technology. Introducing new technology and sustained Economic growth indicate the Recyclable Packaging market's future growth. Businesses in the market are ramping up their operations by inventing cutting-edge technologies or expanding into developing nations, ultimately increasing competition and boosting 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
Expert Knowledge, Just a Click Away: https://calendly.com/insightaceanalytic/30min?month=2024-02
Market Dynamics:
Drivers-
Growing demand for recyclable packaging can be attributed to the fact that as more people learn about the hazards of using non-degradable and single-use plastic goods for food packing, the market is projected to expand. The use of non-recyclable, single-use plastics harms the environment. Plastic has a long half-life and many negative effects on wildlife, flora, and humans. Market expansion is predicted during the forecast period on the back of rising consumer awareness of the risks associated with utilizing plastic goods for food packing, fueling the expansion of the recyclable packaging industry.
Challenges:
The prime challenge is the high cost, packaging alternatives, or adopting cutting-edge technology, hindering the development of the recyclable packaging business because of lockdowns and isolation in emerging countries, which is predicted to slow the growth of the recyclable packaging market. However, packaging material recycling processing costs and raw material price volatility. These same elements will be the market's greatest challenge in the years ahead.
Regional Trends:
The European recyclable packaging market is anticipated to register a major market share in revenue. It is projected to grow at a high CAGR in the near future because increased revenue in the region can be attributed partly to stricter targets being set there, such as the mandate for recyclable packaging and penalties for introducing non-recyclable packaging. In addition, sustained economic expansion will fuel further advancements in the recyclable packaging industry across the region.
Besides, North America had a substantial share in the market due to its developed economy, rapidly expanding population, and the spread of recycling education and government programs encouraging the use of recycled packaging. Moreover, the presence of significant market players and the growing cooperation between major players for market penetration in the area enables an opportunity to grow the global recyclable packaging market.
Unlock Your GTM Strategy: https://www.insightaceanalytic.com/customisation/2114
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
Empower Your Decision-Making with 180 Pages Full Report @ https://www.insightaceanalytic.com/buy-report/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
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage
to this press release on woodPRI. woodPRI disclaims liability for any content contained in
this release.
Recommend
/newsMicroencapsulation Market Deep Analysis on Key Players - Dow Corning, Encapsys, Syngenta Crop Protection, Evonik Industries, 3M and Bayer
Market Study Report Adds Global Microencapsulation Market Size, Status and Forecast 2024 added to its database. The report provides key statistics on the current state of the industry and other analytical data to understand the market.
Extensive research is required for choosing the appropriate cor...
/newsGermany Airbag Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Hyundai Mobis Co., Ltd. Key Safety Systems, Inc. Robert Bosch GmbH
Germany airbag market is expected to grow at a CAGR of around 6% during the forecast period. Germany Airbag Market research report refers to gathering and analyzing significant market data serve as best medium for various industry players to launch novel product or service. It is vital for key firms...
/newsSecurities Brokerages And Stock Exchanges Market Outlook 2021: Big Things are Happening
A new intelligence report released by HTF MI with title "Global Securities Brokerages And Stock Exchanges Market Survey & Outlook" is designed covering micro level of analysis by Insurers and key business segments, offerings and sales channels. The Global Securities Brokerages And Stock Exchange...
/newsRenewable Chemicals Market Emerging Trends and Competitive Landscape Forecast to 2028
The renewable chemicals market was valued at US$ 80,566.30 million in 2021 and is projected to reach US$ 1,76,750.76 million by 2028 it is expected to grow at a CAGR of 11.9% from 2021 to 2028. The research report focuses on the current market trends, opportunities, future potential of the market, a...
/newsHow Coronavirus is Impacting Cold Brew Coffee, Global Market Volume Analysis, Size, Share and Key Trends 2020-2026
"Market Latest Research Report 2020:
Los Angles United States, February 2020: The Cold Brew Coffee market has been garnering remarkable momentum in the recent years. The steadily escalating demand due to improving purchasing power is projected to bode well for the global market. QY Research's lates...
/newsCorporate E-Learning Market - Global Industry Size, Share, Key Players Analysis that are Infor, SkillSoft Corporation, Adrenna, CERTPOINT Systems and others with Regional Forecast to 2022
Overview:
E-Learning is used to enhance the learning procedures for newer job requirements and to make employees sound about the internal and external changes in the market and respective organizations. This method has created considerable differences in the ways of training and developing employee...
