Recyclable Packaging Market

The key goal of European Union as defined by Law Genelle I states that the European Union will work towards reducing household waste by 7%, and recycling 75% of ordinary waste (packaging waste) from companies over the next five years. The bill or the law, also extends responsibility for producers in reducing packaging waste.

Moreover, the added recycling also promises to provide several advantages to global firms, as consumers increasingly demand green packaging solutions, along with natural products in key sectors such as Food & Beverage. Moreover, material advancements like molded fibre promise tremendous growth for recycled packaging in the near future.

Recycling Packaging Promises to Keep Growth Up With Rising Efficiency in E-commerce

The e-commerce sector remains a key driver for efficiency in packaging as demand for robust, safe, and efficient packages continues to benefit during transportation of various goods. The efficiency in recycled packaging remained a major concern worldwide earlier, as the supply of raw materials, and quality of supply remained key challenges.

The growing regulations in the recycled packaging market, and advancements in materials like molded fibre promise to change the landscape of the recycled packaging market in near future. Along with material advancements like molded fibre, the machinery to develop the material has undergone a sea of change making way for improved product quality, and rate of production. New technologies like UFP, promises to remain at the forefront of growth, as the technology removes barriers to aesthetic designs, and promises smooth product finishes.

Moreover, the growth of e-commerce also necessitates growth for more product information, as consumer often do not see the products in their full-fledged avatar before purchasing them. The UFP technology also makes way for easy-to-read labels, unique color coding, and add significant advantages to recycled materials like molded fibres. The rising growth of e-commerce, and growing development of technology to support regulatory moves for recycling, and major cost-cutting advantages will drive growth for the recycled packaging market during the forecast period.

Growth in FMCG Sector and Rise in Household Recycling Promises to Drive Growth

The substantial growth in recycled consumer goods for recyclable products like paperboard, glass, and metal remain a major promise for growth in the recycled packaging market. It is estimated that while plastic packaging in sectors like Food and Beverage in the US, only leads to about 28% recovery for packaging materials, the number is only slightly higher in Europe, with 40%. On the other hand, recycling rates for metal, glass, and paperboard – the traditional recycling material remains over 80%.

Moreover, this trend is likely to drive major growth in new markets of Asia Pacific, where demand in Food & Beverage sector remains at its peak. The demand in Asia Pacific continues to outstrip demands in Europe, and North America, providing further momentum for growth for recycling packaging in the region. The plastic products continue to remain a concern worldwide, as over 40% end up in landfills, while 25% face incineration. The rising awareness about environment, and growth of packaging with e-commerce, and growing availability of alternatives will likely drive growth for new packaging solutions in the recycled packaging market.

The key players of the global recycled packaging market are Amcor Limited, Ardagh Group SA, Ball Corporation, Crown Holdings, Incorporated, DS Smith PLC, Elopak AS, Emerald Packaging, Mondi Group, Nampak Ltd, PlastiPak Holdings Inc. Sealed Air Corporation, Sonoco Products Company, Sgf packaging Co. Ltd, Tetra Pak International SA, Uflex Limited, WestRock Company and others.

The global recyclable packaging market is segmented as below:

By Material Type

• Glass
• Paper
• Plastic
• Tinplate
• Wood
• Aluminum, Biodegradable Plastic
• Recycled Papers

By Packaging Type

• Paper & Cardboard
• Void Fill Packing,
• Bubble Wrap and Pouches & Envelopes

By End-Use Industry

• Healthcare Industry
• Personal Care & Cosmetics Industry
• Food & Beverages Industry 

By Region

• North America
• U.S.
• Canada
• Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• Japan
• China
• India
• Australia
• Rest of APAC
• South America
• Brazil
• Rest of South America
• Middle East & Africa
• UAE
• South Africa
• Saudi Arabia
• Rest of MEA