Global Recyclable Packaging Market Size to Reach USD 46.13 Billion in 2032 | Emergen Research
The rise in individuals' knowledge and understanding of environmental safety plays a crucial role in driving the growth of market revenue.
According to a recent study by Emergen Research, the worldwide market for reusable packaging is anticipated to hit a whopping USD 46.13 billion by 2032. This surge in market value, growing at a steady annual rate of 4.8%, is primarily driven by the rising need for eco-friendly packaging options.
Environmentally friendly packaging is usually made from materials that break down naturally or are made from recycled materials. This helps to reduce the use of natural resources during the manufacturing process. Additionally, green packaging not only helps to reduce carbon emissions and overall environmental impact but also effectively serves its intended purpose because the materials used are designed to break down naturally. The growing awareness among consumers about environmental issues is driving a significant change towards using recyclable materials for packaging in various industries. This change is motivated by the desire to address the negative environmental effects of landfill waste. As a result, the adoption of recyclable packaging materials is contributing greatly to the revenue growth of the market.
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Additionally, it is important to note the increasing desire for sustainable packaging in the personal care industry, as more and more consumers prefer environmentally-conscious packaging options. A great example of this can be seen in the recent partnership between The Estée Lauder Companies and Origins, a respected global skincare brand known for their effective formulas derived from nature and supported by scientific research. This collaboration also involved SABIC, a leading company in the chemical industry, and Albéa, a strategic manufacturer of beauty packaging. Together, they have introduced an exciting new solution for tube packaging using recycled materials.
Origins is proud to be the first luxury cosmetic brand to use SABIC's advanced recycling technology to create tube packaging made from recycled plastics. These plastics were previously difficult to recycle. This partnership aligns perfectly with ELC's goal of having 50% of its packaging made from recycled materials by 2025. However, it's important to mention that switching from regular to eco-friendly packaging can be expensive, particularly for smaller businesses. It may lead to higher production costs and additional expenses related to packaging. As a result, these financial considerations could potentially limit the overall revenue growth of the market.
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Projected Size of the Market in 2022
Projected Earnings until 2032
Reference Year For Calculation The selected year for calculating the estimated figures
Income in US dollars billions and compound annual growth rate in percent from 2023 to 2032
Projected income, firm's position in the market, competitive environment, elements contributing to expansion, and industry patterns
The kind of material, the type of packaging, the purpose of use, and the geographical area.
- The regions of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
United States, Canada, Mexico, Germany, France, United Kingdom, Italy, Spain, Belgium, Netherlands, Luxembourg, other European countries, China, India, Japan, South Korea, other Asia-Pacific countries, Brazil, other Latin American countries, Saudi Arabia, United Arab Emirates, South Africa, Turkey, and other countries in the Middle East and Africa.
Amcor Plc, Tetra Laval, Ardagh Group S.A, Ball Corporation, Elopak, PLASTIPAK HOLDINGS, INC., UFlex Limited, WestRock Company, DS Smith, and Pactiv Evergreen Inc. are all leading players in the packaging industry. These companies are renowned for their expertise in providing innovative packaging solutions.
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Big businesses and the competitive environment
The recyclable packaging market worldwide is divided with big and medium-sized companies making up the majority of income. Leading companies are using different methods, such as mergers and acquisitions, strategic partnerships and agreements, and creating and launching improved products. The market report includes a list of prominent companies involved in this industry.
ProAmpac, an international leader in flexible packaging and material science, recently unveiled a groundbreaking addition to their ProActive Recyclable line. Known as ProActive Recyclable Paper-1000, this cutting-edge product is the first of its kind in a series of curbside recyclable packaging options. With the ability to be sealed using heat, excellent resistance to moisture, and impressive tear capabilities, RP-1000 perfectly aligns with ProAmpac's commitment to providing environmentally-friendly solutions without compromising on performance.
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Important Points from the Report
In 2022, the glass part had the biggest share of income in the global packaging market for recyclable materials. This is because there is a higher demand for recycling glass, which helps reduce the amount of glass waste in landfills and bins. When glass is recycled, it melts at a lower temperature. By using recycled glass, carbon emissions are decreased by 20% to 50%. Each metric ton of recycled glass prevents the release of 200 kg of Carbon Dioxide (CO2). Additionally, the demand for recycled glass is increasing due to its great reflection qualities and ability to withstand hard surfaces like granite and other composite worktops. This demand is driving the growth of revenue in the glass segment.
The paper and cardboard category is projected to experience consistent and rapid revenue growth in the global market for recyclable packaging in the coming years. This can be attributed to the growing awareness of environmental issues and the increasing number of consumers who prefer eco-friendly solutions. Cardboard, comprising of paper and natural wood fibers, is an excellent material for recycling. It is widely used in packaging due to its recyclable nature, wide availability, and affordability. One significant benefit of recycling cardboard is its ability to reduce the amount of waste being dumped in landfills, thereby minimizing the negative impacts on the environment. This ultimately contributes to the growth of revenue in this particular segment.
The personal grooming category is anticipated to contribute a substantial portion of revenue in the global sustainable packaging market over the predicted timeframe. The reason for this is that eco-friendly beauty packaging is less cumbersome as it consists of materials that can be composted and naturally break down. The manufacturing processes involved in creating such packaging help to conserve natural resources and decrease the release of harmful pollutants into the surroundings. Additionally, using sustainable beauty packaging enhances the brand's exposure to customers who prioritize environmental issues, thereby fueling the growth of this particular sector.
In 2022, the recyclable packaging market in Europe generated the highest amount of revenue compared to other regions. This can be attributed to the growing consciousness among individuals about the importance of recycling and the active support of governments in promoting the use of recycled packaging. Countries in Europe, such as Germany and the UK, are taking measures to discourage dumping waste in landfills by imposing higher taxes. In Europe, around 32.5% of plastic waste is recycled, whereas about 25% ends up in landfills.
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In order to create this report, Emergen Research has divided the worldwide market for recyclable packaging into different sections based on the type of materials, type of packaging, usage, and geographical locations.
Revenue projections by material type (in USD billion) for the years 2019 to 2032.
Market Size Overview (Income, United States Dollars in billions; from 2019 to 2032)
Revenue forecast by end-use; the period ranging from 2019 to 2032.
Cuisine and Refreshment (C&R)
Forecast period (Revenue, USD Billion; 2019–2032) for regional analysis
The combination of countries situated between Europe and Asia, collectively known as the Middle East, along with the vast continent of Africa.
Other regions in the Middle East and Africa
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