PUNE, India, Jan. 28, 2021 (GLOBE NEWSWIRE) -- The Global Recyclable Packaging Market Share, Trends, Analysis and Forecasts, 2020-2030 provides insights on key developments, business strategies, research & development activities, supply chain analysis, competitive landscape, and market composition analysis.
The growth of recyclable packaging market is supported by factors such as expanding application portfolio, efforts of market players through innovation and geographical penetration and so on. Strategic ties between the ecosystem participants of industry makes the market more dynamic. Recyclable packaging market is expected to witness constant growth during the forecast period. The key goal of European Union as defined by Law Genelle I states that the European Union will work towards reducing household waste by 7%, and recycling 75% of ordinary waste (packaging waste) from companies over the next five years. The added recycling also promises to provide several advantages to global firms, as consumers increasingly demand green packaging solutions, along with natural products in key sectors such as Food & Beverage. Moreover, material advancements like molded fibre promise tremendous growth for recyclable packaging in the near future.
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Proliferation of e-commerce encourages market players to innovate product
The e-commerce sector remains a key driver for efficiency in packaging as demand for robust, safe, and efficient packages continues to benefit during transportation of various goods. The enhanced regulations in the recyclable packaging market, and advancements in materials such as molded fibre promise to change the landscape of the market in near future. New technologies like UFP, promises to remain at the forefront of growth, as the technology removes barriers to aesthetic designs, and promises smooth product finishes. Moreover, the growth of e-commerce also necessitates growth for more product information, as consumer often do not see the products in their full-fledged avatar before purchasing them. The rising growth of e-commerce, and growing development of technology to support regulatory moves for recycling, and major cost-cutting advantages will drive growth for the recyclable packaging market during the forecast period.
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Asia Pacific Promises Bright Future for Growth in Future
Geographically the recyclable packaging market has been broadly segmented into North America, Europe, Asia Pacific, Middle East & Africa and South America. Every regional chapter includes cross sectional data for all the segments included in research scope. Country level updates are reflected in the market size estimation and forecast.
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The reader of report gets a clear picture of the geographical distribution of market share across the type and applications throughout the forecast period. It is estimated that while plastic packaging in sectors like Food and Beverage in the US, only leads to about 28% recovery for packaging materials, the number is only slightly higher in Europe, with 40%. On the other hand, recycling rates for metal, glass, and paperboard – the traditional recycling material remains over 80%. The demand in Asia Pacific continues to outstrip demands in Europe, and North America, providing further momentum for growth for recycling packaging in the region.
The key market participants include 3M, American Packaging Corporation, APP (Asia Pulp & Paper), Graham Packaging Company, Amcor, Ebro Color GmbH, Lacerta Group, Inc., Salazar Packaging, Inc., Avery Dennison Corporation, and BASF SE
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Global Recyclable Packaging Market is Segmented as Below:
By Material Type
- Glass
- Paper
- Plastic
- Tinplate
- Wood
- Aluminum, Biodegradable Plastic
- Recycled Papers
By Packaging Type
- Paper & Cardboard
- Void Fill Packing,
- Bubble Wrap and Pouches & Envelopes
By End-Use Industry
- Healthcare Industry
- Personal Care & Cosmetics Industry
- Food & Beverages Industry
By Region
North America
- U.S.
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia Pacific
- Japan
- China
- India
- Australia
- Rest of APAC
South America
- Brazil
- Rest of South America
Middle East & Africa
- UAE
- South Africa
- Saudi Arabia
- Rest of MEA
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