Recyclable Packaging Market: Analysis, Trends, Opportunity, Market Size

Posted by Kishor on July 15th, 2019

Today, the packaging is an unavoidable part of our everyday life. It protects preserves and enhances products, acts as a marketing and branding tool and helps for safe transportation. But, the sad truth about the packaging is that it is often viewed as waste and it ends up this way too. Hence, a key assumption of best packaging solution involves the generation of less waste, and easy to recycle. This is why companies are focus on recyclable packaging such as Paper and cardboard, Corn starch, Bubble wrap, and Biodegradable plastic.

• Paper and Cardboards are recyclable, biodegradable and also readily available packaging material. Many packaging giants are offering packaging solutions created using Paper and Cardboard.
• Corn Starch: The products made from corn Starch are biodegradable and also an ideal solution for the products has limited use. It has a limited negative impact on the environment.
• Bubble Wrap is widely used as environmentally friendly packaging material made from recycled polythene which is completely biodegradable.
• Biodegradable Plastic is a good alternative to traditional plastic commonly used in bags, and envelopes.

Global Recyclable Packaging Market: Competitive Analysis

Major players are emphasizing on producing materials that can be used in order to retain their traditional qualities so as to insulate against heat and moisture along with light. Important players of the global recyclable packaging market are Crown Holdings, Mondi, Sealed Air, Smurfit Kappa, WestRock, and DS Smith.

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Global Recyclable Packaging Market: Trends and Opportunities

Recyclable packaging is a prominent consideration of the environment concern that is reduce, reuse, and recycle. It is also a crucial step towards sustainable packaging. The packaging market has both a direct and indirect influence on different sectors like medicine and healthcare, food and beverage, pharmaceutical, retail and personal care. This is propelling the overall packaging market in the long run.

Another factor boosting the market for recyclable packaging is the rise in the demand for environment friendly products. Other market trends include change in lifestyle of consumers, and procuring of goods in smaller and proportionate quantity that are further expected to propel the market growth in the coming years.

However, the fact that quality of recyclable materials for packaging is comparatively lower and thus, they are less tensile and durable comparatively. This may act as a hindrance in the market growth during the forecast period. Nevertheless, the introduction and implementation of bioplastic is a major booster for accelerating the rate of growth in the recyclable packaging market in futre years.

Global Recyclable Packaging Market: Regional Analysis

The global market for recyclable packaging is geographically categorized into the regions of North America, Asia pacific, Europe, Latin America, and the Rest of the World. Trends prevalent across these regions are studied in detail. Furthermore, the impact of prevailing government policies and economic trends on demand witnessed in these regions is examined in detail.