Recycled Packaging Materials Market: An Overview

Growing consumer concerns for the protection of the environment from hazards are anticipated to propel the growth for recycled packaging materials market. The packaging is an integral part of many industries such as food & beverage, pharmaceuticals, personal care, etc. The packaging market expected to impact the recycled packaging materials market due to the shift of consumers toward the usage of sustainable products. Recycled packaging materials can be used without hampering their attributes and protective elements. Many manufacturers choose to use recyclable packaging materials for packaging because they want to minimize their impact on the environment and landfill waste. This is likely to boost the market demand for recycled packaging materials. In addition, recycled packaging materials reduce the efforts to procure or manufacture new materials for packaging. Limited landfills hike the market demand for recycled packaging materials.

Recycled Packaging Materials Market: Dynamics

Marketing trends such as changing consumer lifestyle and increased awareness for eco-friendly tagged products are supporting the demand for recycled packaging materials. In addition, the demand by manufacturers and distributors for packaging made by recycled packaging material while retaining protective qualities and resistance against water and heat is likely to support the market growth. The emergence of bioplastics such as PLA, PHB and starch-based are likely to have high growth in the years to come. Since it results in lesser footprint and consumes lesser energy compared to traditional packaging materials. Versatility and flexibility are key factors which are likely to boost the market demand for recycled packaging materials. Recycled packaging materials can be used for many products from various industries such as food, beverage, electronic devices, pharmaceutical and cosmetics. The demand for sustainability can lead to improving the brand image and expands the customer base. Machines and equipment which enables faster and bulk production is likely to augment the demand for recycled packaging materials. This results in production efficiency and cost-effectiveness which is beneficial for the brand owners.

Are you a start-up willing to make it big in the business? Grab an exclusive PDF sample of this report

Recycled Packaging Materials Market: Segmentation

Recycled packaging materials market can be segmented on the basis of material, type and end-user industry.

By Material, Recycled packaging materials market can be segmented as

  • Glass
  • Paper
  • Plastic
  • Wood
  • Metal

By Type, Recycled packaging materials market can be segmented as

  • Cardboard boxes and Containers
  • Poches & Envelopes
  • Wraps and Films
  • Bags
  • Cans
  • Bottles
  • Cups & Jars
  • Others

By End-User Industry, Recycled packaging materials market can be segmented as

  • Health Care Industry
  • Food & Beverage Industry
  • Personal Care Industry
  • Home Care Industry
  • Others (Automotive & Chemicals)

Recycled Packaging Materials Market: Regional Outlook

Europe is expected to dominate the recycles packaging materials market due to stringent policies implemented by the government to curb the use of single-use plastic and hazards of non-environment friendly materials. North America & Latin America are expected to witness steady growth for recycles packaging materials market due to rising awareness for environment protection. The Asia Pacific is a lucrative market for recycled packaging materials owing to its large population and untapped markets. Implementation of regulations for sustainable packaging is likely to boost the market demand for recycled packaging materials.

Are you a start-up willing to make it big in the business? Grab an exclusive PDF Brochure of this report

Recycled Packaging Materials Market: Impact of COVID 19

The COVID 19 outbreak has delayed the production and operations across the globe. This has led to a halt in the processes due to shortage of materials and workforce due to lockdowns and self-isolation policies. This is likely to hamper the growth of recycled packaging materials market. Sustainability has been a major trend recently but the concerns over health and safety of products are likely to make a comeback for disposable bags and single-use plastics to prevent the rise in infections. Recycled plastic with sterilization to prevent contamination can be an ideal solution as it will maintain sustainability without impacting the environment. Thus, manufacturers are likely to benefit in the long run if they integrate sustainability with the need of the hour.

Recycled Packaging Materials Market: Key Players

Key players in the recycled packaging materials market are as follows,

  • Lacerta Group, Inc.
  • American Packaging Corporation
  • Graham Packaging Company
  • 3M Company
  • Mondi PLC
  • Salazar Packaging
  • Amcor Limited
  • APP (Asia Pulp & Paper)
  • Ebro Color GmbH
  • BASF SE
  • Avery Dennison Corporation
  • Crown Holdings
  • Smurfit Kappa Group
  • WestRock Company

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market

Note:Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Recycled Packaging Materials Market

Pre Book