The pcr plastic 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.
PCR Plastic 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 PCR plastic packaging market size has grown strongly in recent years. It
will grow from $48.50 billion in 2023 to $51.80 billion in 2024 at a compound
annual growth rate (CAGR) of 6.8%. The growth in the historic period can be
attributed to early environmental awareness, emergence of recycling
infrastructure , government regulations on recycling, consumer recycling
programs, and industry commitments to sustainability.
The PCR plastic packaging market size is expected to seestrong growth in the
next few years. It will grow to $67.05 billion in 2028 at a compound annual
growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed
to global plastic reduction targets, rising consumer demand for sustainable
packaging, increased corporate sustainability goals, expansion of circular
economy initiatives, and integration of recycled materials in branding. Major
trends in the forecast period include increased use in luxury packaging,
customization and brand personalization, advanced smart packaging with PCR
components, regenerative packaging models, and bio-based PCR plastics.
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Scope Of PCR Plastic 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.
PCR Plastic Packaging Market Overview
Market Drivers -
Growing e-commerce activities are expected to propel the growth of the PCR
plastic packaging market. E-commerce activities encompass online buying and
selling, digital payments, and diverse transaction models, revolutionizing
commerce through the Internet. PCR plastic is frequently employed in e-commerce
shipping, such as mailers, bubble wrap, and protective packaging, striking a
balance between durability and environmental responsibility, thereby
diminishing dependence on virgin plastics. For instance, in November 2023,
according to a report published by the U.S. Census Bureau, a division of the
United States Department of Commerce, in the third quarter of 2023, retail
e-commerce sales in the United States amounted to approximately $284.1 billion,
reflecting a growth of 2.3% compared to the second quarter of 2023. Therefore,
the rapid growth in e-commerce activities will drive the growth of the PCR
plastic packaging market.
Market Trends -
Major companies operating in the PCR plastic packaging market are focusing on
innovative product development and sustainable branding, such as 100% PCR
bottles, to advance environmental sustainability by utilizing postconsumer
recycled materials in packaging solutions. 100 percent PCR bottles are
packaging containers made entirely from postconsumer recycled plastic,
reflecting a commitment to environmental sustainability and circular economy
practices. For instance, in November 2023, Berry Global Group, Inc., a US-based
manufacturer of plastic packaging products, introduced a line of reusable
bottles crafted entirely from post-consumer recycled plastic (PCR) for The
Bio-D Co., a UK-based environmentally conscious cleaning company. The available
sizes include 25-ounce, 33-ounce, and 1.3-gallon options for Bio-D's range of
liquid products, such as laundry detergent, fabric conditioner, dishwasher
rinse aid, dish soap, and home and garden cleaner. Bio-D, committed to
providing naturally derived alternatives to toxic chemicals for safe and
eco-friendly cleaning, plans to distribute these PCR bottles, which can be
refilled at over 300 refill stores nationwide. The end-of-life bottles are now
recyclable, contributing to a reduction of 14.3 tons of annual CO2 emissions
compared to using virgin plastic.
The pcr plastic packaging market covered in this report is segmented –
1) By Material: Polyethylene Terephthalate (PET), Polystyrene (PS), High
Density Polyethylene (HDPE), Low Density Polyethylene (LDPE), Polyvinyl
Chloride (PVC), Other Materials
2) By Packaging Type: Pouches, Rollstock, Bags, Films And Wraps, Other
Packaging Types
3) By End Use Industry: Food, Beverages, Pharmaceuticals, Cosmetics And
Personal Care, Homecare And Toiletries, Electronics, Other End Use Industries
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Report @
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Regional Insights -
Europe was the largest region in the PCR plastic packaging market in 2023.
Asia-Pacific is expected to be the fastest-growing region in the forecast
period. The regions covered in the pcr plastic packaging market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South America,
Middle East, Africa.
Key Companies -
Amcor Limited, Berry Global Group Inc., Mondi Group, DS Smith Plc, Sonoco
Products Company, Silgan Holdings Inc., Silgan Dispensing Systems, Pactiv Evergeen
Inc., Sealed Air Corporation, Huhtamäki Oyj, Inteplast Group, Plastipak
Holdings Inc., LPLA Group, Constantia Flexibles Group GmbH, INDEVCO, Printpack
Inc., Coveris Holdings S.A., Charter Next Generation Inc., ProAmpac Holdings
Inc., Winpak Ltd., Greif Inc., Alpha Packaging Holdings Inc., NEX Films, Genpak
LLC, Envision Plastics, Palcon Corporation, Spectra Packaging Solutions Ltd. ,
Reflex Packaging Inc. , Kelly Green Products, Mills River
Table of Contents
1. Executive Summary
2. PCR Plastic Packaging Market Report Structure
3. PCR Plastic Packaging Market Trends And Strategies
4. PCR Plastic Packaging Market – Macro Economic Scenario
5. PCR Plastic Packaging Market Size And Growth
…..
27. PCR Plastic Packaging Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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