The recyclable, compostable and biodegradable kraft paper packagings are not just an eco-responsible recycling solution. They also present other qualities. Increasing government campaigns for educating consumers about the benefits of eco-friendly products and harmful effects of toxic packaging materials is expected to benefit industry growth over the forecast period. Recyclable packaging can help reduce the waste produced due to packaging materials. In recyclable packaging the material used is re-entered into the production cycle. Recyclable packaging reduces operational cost thus improving efficiency and minimizing waste.
Based on material type, the market is segmented into wood, tinplate, recycled papers, plastic, paper, glass, aluminum, and biodegradable plastics. Based on segmentation by packaging type, the global market for recyclable packaging market is categorized into void fill packaging, pouches and envelopes, paper and cardboard, and bubble wrap. With respect to end users, the market is segmented into food and beverage, healthcare, and personal care segments. Another factor boosting the market for recyclable packaging is the rise in the demand for environment friendly products. Other market trends include change in lifestyle of consumers, and procuring of goods in smaller and proportionate quantity that are further expected to propel the market growth in the coming years. The retail sector is expected to grow at a CAGR of 4% over the forecast period.
By Regional Analysis of Recycled Packaging North America, Asia pacific, Europe, Latin America, and the Rest of the World. Trends prevalent across these regions are studied in detail. Furthermore, the impact of prevailing government policies and economic trends on demand witnessed in these regions is examined in detail. Eastern & Western Europe is expected to lead the recyclable packaging market over the forecasted period. End-use industries such as food and beverages and healthcare work in collaboration with players in the packaging industry as design, shape, and print on the package play a crucial role in capturing potential customers.
Key Players Analysis:
Some of the major key players which re playing vital role in Recycled Packaging are Crown Holdings, Mondi, Sealed Air, Smurfit Kappa, WestRock, and DS Smith. Amcor, American Packaging Corporation., APP (Asia Pulp & Paper), Avery Dennison Corporation., BASF SE.
How this Report is useful For You :
- Greatest market expansion by value and volume
- Analysis In demand flexible Packaging formats
- It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments
- Identification and analysis of the macro and micro factors that affect the Recycled Packaging Market
- A comprehensive list of key market players along with the analysis of their current product portfolios and recent development