The recyclable packaging global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Recyclable Packaging Market, 2024 report
by The Business Research Company offers comprehensive insights into the current
state of the market and highlights future growth opportunities.
Market Size -
The recyclable packaging market size has grown strongly in recent years. It
will grow from $30.05 billion in 2023 to
$31.81 billion in 2024 at a compound
annual growth rate (CAGR) of 5.8%.
The growth in the historic period
can be attributed to environmental awareness and sustainability, growth in
consumer demand for eco-friendly products, expansion of the circular economy
and recycling infrastructure, development of eco-conscious packaging materials,
regulatory standards for recycling and waste reduction..
The recyclable packaging market size is expected to see strong growth in the
next few years. It will grow to $40.32
billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be
attributed to customized recyclable packaging solutions for specific products,
integration of smart packaging and traceability, sustainable and biodegradable
packaging materials, expansion in zero-waste and closed-loop packaging,
adoption of reusable and refillable packaging concepts.. Major trends in the
forecast period include regulatory compliance in recyclable packaging
standards, smart and interactive recyclable packaging solutions, personalized
packaging for individual consumer preferences, transparency in packaging
material sourcing and disposal, integration of ai in sustainable packaging
design..
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Scope Of Recyclable Packaging Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Recyclable Packaging Market Overview
Market Drivers -
Increasing stringent regulations for adopting recycling packaging materials is
expected to propel the growth of the recyclable packaging market going forward.
The government across the globe are implementing stringent regulations for the
adoption of recyclable packaging materials to reduce the landfill of plastics,
maintain effective waste management, and generate sustainable business
practices. For instance, in January 2022, the Food Safety and Standards
Authority of India (FSSAI), proposed the usage of recycled plastic under
Section 16 (5) of the Food Safety and Standards Act, 2006. Therefore,
increasingly strict rules for adopting recycling packaging materials are
expected to boost the demand for recyclable packaging during the forecast
period.
The recyclable packaging market covered in this report is segmented –
1) By Type Of Packaging: Paper and Cardboard, Bubble Wrap, Void-fill Packing,
Pouches and Envelopes
2) By Material type: Glass, Paper, Plastic, Tinplate, Wood, Aluminum,
Biodegradable Plastics, Recycled Papers
3) By End Use Industry: Healthcare Industry, Food and Beverage Industry,
Personal Care Industry
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market, Request now for Sample Report @
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Regional Insights -
Western Europe was the largest region in the recyclable packaging market in
2023. Asia-Pacific is expected to be the fastest-growing region in the
recyclable packaging market share during the forecast period. The regions
covered in the recyclable packaging market report include Asia-Pacific, Western
Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies -
Major companies operating in the recyclable packaging market include Amcor PLC, Tetra Laval International SA,
Ardagh Group SA, Ball Corporation, Elopak AS, DuPont de Nemours Inc., Mondi
Plc, Sealed Air Corp, Plastipak Holdings Inc., Uflex Ltd., David S. Smith Plc,
Smurfit Kappa Group Plc, WestRock Co., Huhtamaki Group, Berry Global Group
Inc., Gerresheimer Group AG, Sonoco Products Company, Crown Cork & Seal
Company Inc., International Paper and Power Corp, Stora Enso Oyj, Graphic
Packaging Holding Company, Reynolds Group Holdings Ltd., National Amalgamated
Packaging Ltd., BWAY Corporation, Silgan Holdings Inc., AptarGroup Inc.,
Owens-Illinois Inc., Greif Inc., Pratt Holdings Proprietary Ltd., Evergreen
Packaging LLC
Table of Contents
1. Executive Summary
2. Recyclable Packaging Market Report
Structure
3. Recyclable Packaging Market Trends
And Strategies
4. Recyclable Packaging Market – Macro
Economic Scenario
5. Recyclable Packaging Market Size And
Growth
…..
27. Recyclable Packaging Market
Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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