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Recyclable Packaging Market Growth, Trends, Analysis, Future Scope, Size, Share, Forecast to 2025

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Recyclable Packaging Market Highlights

The growth of the retail sector with significant pace across the globe owing to the emerging market trends such as changing consumer lifestyle, increased consumer preference for eco-friendly stamped products, and the procurement of goods in smaller quantity is also supporting the demand for recyclable packaging market. Manufacturers, retailers, distributors, and suppliers are now focusing on materials, which can be reused while retaining its conventional properties to insulate against light, heat & moisture. The introduction of bioplastics is expected to drive the demand for recyclable packaging market as it has small carbon footprints and consumes less energy than conventional packaging materials.

The Global Recyclable Packaging Market was valued at USD 25 Billion in 2018 and is expected to witness a CAGR of around 4.1% during the forecast period.

Key Players

BASF SE (Germany)
Ebro Color GmbH (Germany)
Graham Packaging Company (US)
Salazar Packaging, Inc.(US)
Lacerta Group, Inc. (US)
3M (US)
Amcor (Australia)
American Packaging Corporation. (US)
APP (Asia Pulp & Paper) (Indonesia)
Avery Dennison Corporation. (US)
Regional Analysis

By region, the global recyclable packaging market has been segmented into Europe, Asia-Pacific, North America, South America, and the Middle East & Africa. Asia-Pacific dominated the global market, primarily due to the growth in agriculture, mainly in China and India. The agricultural industry in Asia-Pacific is growing due to the population and economic growth, which fuels the Asia-Pacific recyclable packaging market growth. Moreover, the busy lifestyles and the rising purchasing power in the developing countries coupled with the increasing awareness regarding the benefits of recyclable packaging among consumers is also expected to drive the market growth in Asia-Pacific.

The global recyclable packaging market was valued at USD 37 billion in 2018, and is expected to witness 4.1% CAGR during the forecast period.

Market Segmentation

The plastic segment is expected to occupy the largest share of the global recyclable packaging market.

By material type, the global market has been segmented into glass, paper, plastic, tinplate, wood, aluminum, biodegradable plastic, and recycled papers. The plastic segment is expected to register the highest growth rate during the forecast period owing to the various advantages associated with plastic recycling. These palstic materials are extremely lightweight, recyclable, and have a high load-bearing capacity.

The paper & cardboard packaging segment is expected to occupy the largest share of the global recyclable packaging market.

By packaging type, the segments are paper & cardboard, void fill packing, bubble wrap, and pouches & envelopes. The paper & cardboard segment is expected to witness the highest growth during the forecast period due to the rapid adoption of recyclable materials and increasing health awareness.

The food & beverages industry segment is expected to occupy the largest share in the global recyclable packaging market.

Based on end-use industry, the global recyclable packaging market is segmented into healthcare industry, personal care & cosmetics industry, and food & beverage industry. The food & beverage industry segment is expected to register the highest growth rate during the forecast period. The food & beverage industry is growing across the globe, owing to an increase in population, which is expected to drive the food & beverage industry segment. Furthermore, the growing concerns of regularity authorities across the world on waste produced from non-eco-friendly material can provide abundant opportunities and is expected to fuel the growth of the food & beverage industry segment in the global recyclable packaging market.

Access Full Report Details With TOC @ https://www.marketresearchfuture.com/reports/recyclable-packaging-market-8535

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