Dublin, Nov. 16, 2023 (GLOBE NEWSWIRE) — The “Post-Consumer Recycled Plastic Packaging Market” report has been added to ResearchAndMarkets.com’s providing.
Post-Consumer Recycled Plastic Packaging Market Poised for Remarkable Growth, Forecasting $82.49 Billion by 2030
The international post-consumer recycled plastic packaging market is on a path of considerable development, with projections indicating an increase from roughly US$48 billion to a staggering US$82.49 billion by the 12 months 2030. This exceptional growth is anticipated to be pushed by a number of key elements, together with a rising give attention to environmental conservation, cost discount, and sustainability.
The market measurement for post-consumer recycled plastic packaging is anticipated to witness a powerful compound annual development charge (CAGR) of seven% over the interval from 2023 to 2030. This development is underpinned by elevated consciousness of environmental sustainability and a powerful dedication to lowering plastic waste.
Key Trends Fueling Growth
Environmental Conservation and Sustainability: There is a rising consciousness amongst shoppers and businesses concerning the constructive environmental affect of post-consumer recycled plastic packaging. By selecting recycled supplies, industries considerably cut back the demand for brand spanking new plastic manufacturing, preserve pure assets, and divert plastic waste from landfills and oceans. This aligns with international efforts to mitigate local weather change and cut back environmental hurt.
Government Regulations: Government insurance policies and rules at numerous ranges are enjoying a vital position in selling recycling efforts. Legislation resembling recycling mandates, landfill diversion objectives, and prolonged producer accountability (EPR) packages incentivize recycling and push industries to undertake sustainable packaging practices.
Dominance of Bottles: In 2022, the bottles class dominated the sort section as sustainability grew to become a driving drive. The recycling of plastic bottles is well-established and environment friendly, making them a readily available supply of post-consumer recycled plastic supplies.
Polyethylene Terephthalate (PET): In phrases of market share, polyethylene terephthalate (PET) is anticipated to dominate the worldwide post-consumer recycled plastic packaging market. PET gives distinctive resistance to a variety of chemical substances and is utilized in numerous sectors, together with packaging, electrical and electronics, and the automotive trade.
Regional Highlights
Europe: The Europe area is anticipated to account for the biggest share of the worldwide post-consumer recycled plastic packaging market. This is because of elements resembling strong recycling infrastructure and a client base more and more inclined towards eco-friendly decisions. The European Union’s bold recycling targets and insurance policies have pushed the widespread adoption of post-consumer recycled plastic supplies in packaging.
Asia Pacific: The marketplace for post-consumer recycled plastic packaging is increasing within the Asia Pacific area as a consequence of a give attention to environmental consciousness and a shift in direction of eco-friendly client decisions. The area’s substantial inhabitants and rising middle-class client base are driving elevated demand for sustainable packaging options.
Looking Ahead
The way forward for the post-consumer recycled plastic packaging market holds each guarantees and challenges. Sustainability will proceed to be a high precedence, with the adoption of round economic system ideas changing into extra widespread. Innovations in recycling know-how, superior sorting, and cleansing processes will improve the standard of recycled supplies.
Additionally, the beverage trade’s growth gives a chief alternative for post-consumer recycled plastic packaging, as firms search sustainable packaging options to fulfill client expectations and environmental objectives. Economic incentives, together with lowered waste disposal prices and tax breaks, will additional drive the adoption of post-consumer recycled plastic packaging.
While challenges resembling excessive processing prices and recyclable contamination persist, concerted efforts amongst stakeholders will contribute to the market’s continued evolution, aligning with international environmental objectives and striving for a extra sustainable future.
Market Overview
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Market Definitions and Segmentations
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Market Dynamics
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Drivers
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Restraints
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Market Opportunities
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Value Chain Analysis
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Porter’s Five Forces Analysis
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COVID-19 Impact Analysis
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Supply
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Demand
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Impact of Ukraine-Russia Conflict
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Economic Overview
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World Economic Projections
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PESTLE Analysis
Global Post-Consumer Recycled Plastic Packaging Market Outlook, 2018 – 2030
Global Post-Consumer Recycled Plastic Packaging Market Outlook, by Type, Value (US$ Bn), 2018 – 2030
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Key Highlights
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Bottles
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Non-bottles
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Trays
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Containers
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Clamshells
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Blister Packs
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Pouches and Bags
Global Post-Consumer Recycled Plastic Packaging Market Outlook, by Material Type, Value (US$ Bn), 2018 – 2030
Global Post-Consumer Recycled Plastic Packaging Market Outlook, by End-Use Industry, Value (US$ Bn), 2018 – 2030
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Key Highlights
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Food and Beverages
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Chemicals
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Pharmaceuticals
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Personal Care
Competitive Landscape
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Type vs Application Heatmap
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Manufacturer vs Application Heatmap
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Company Market Share Analysis, 2022
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Competitive Dashboard
Company Profiles: Overview, Product Portfolio, Financial Overview, Business Strategies and Development
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Berry Global Inc
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Amcor plc.
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KW Plastics
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ePac Holdings LLC
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Mondi plc
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Transcontinental Inc
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Republic Services Inc
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Veolia
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Shell International B.V.
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Waste Connections
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Clean Harbours Inc
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Klockner Pentaplast
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Placon
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Coveris
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Henkel Corporation
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Premium Packaging
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Rose Plastic AG
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Borealis AG
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Berk Company
For extra details about this report go to https://www.researchandmarkets.com/r/l1fd9x
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