Recyclable Packaging Market Size, Trends and Insights By Material (Glass, Paper, Plastic, Tinplate, Aluminium), By Packaging (Paper & Cardboard, Bubble Wrap, Void Fill Packing, Pouches & Envelopes), By End User (Healthcare, Food & Beverage , Personnel Care), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Amcor plc
- Tetra Pak International S.A.
- Mondi plc
- Ball Corporation
- Sealed Air Corporation
- DS Smith plc
- Others
Reports Description
Global Recyclable Packaging Market was valued at USD 27.6 Billion in 2024 and is expected to reach USD 47.2 Billion by 2033, at a CAGR of 6.6% during the forecast period 2024 – 2033.
Recyclable packaging is defined as packaging materials that can be gathered, processed, and recycled into new goods or packaging materials using established recycling processes. These materials are designed to be readily separated, sorted, and recycled, which helps to promote the circular economy by decreasing waste and preserving resources.
Recyclable Packaging Market: Growth Factors
Rising stringent regulations
Stringent laws on packaging waste and environmental sustainability are pushing the recyclable packaging industry. Governments throughout the world are establishing policies to decrease plastic pollution, encourage recycling, and limit the environmental effects of packaging materials.
As a result, corporations are under pressure to implement more sustainable packaging solutions to comply with these rules and fulfil customer demand for environmentally friendly products. Recyclable packaging addresses these issues by offering packaging materials that may be easily collected, processed, reused, or recycled into new items.
Paper, cardboard, glass, aluminium, and some types of plastics are favoured over standard single-use plastics due to their recyclability and decreased environmental impact.
Moreover, people are becoming more ecologically concerned and actively seek out items packed in recyclable materials. This shift in customer expectations is leading businesses to prioritize recyclable packaging as part of their sustainability and corporate social responsibility programs.
In conclusion, increasingly rigorous rules governing package waste, together with rising consumer awareness and demand for sustainable products, are boosting the development of recyclable packaging solutions across industries. This trend is projected to continue as businesses attempt to satisfy legal obligations, lessen their environmental effect, and attract environmentally concerned customers.
Rising awareness about eco packaging
The increased awareness of environmental sustainability has increased demand for eco-friendly packaging solutions, propelling the recyclable packaging industry ahead. Consumers, companies, and regulatory organisations are increasingly prioritising sustainable alternatives as the negative consequences of traditional packaging materials on the environment become more widely known.
Recyclable packaging has various benefits that appeal to both environmentally aware customers and companies. To begin, recyclable materials such as paper, cardboard, glass, and certain plastics may be readily reused and reintegrated into the manufacturing cycle, lowering the demand for virgin resources and minimising waste.
This is consistent with the ideas of the circular economy, which emphasises resource efficiency and waste minimization via recycling and reuse. Furthermore, eco-packaging helps to mitigate pollutants and lower carbon emissions connected with traditional packaging materials.
Companies that choose recyclable packaging may demonstrate their commitment to environmental stewardship, improve brand reputation, and appeal to eco-conscious consumers who value sustainability in their purchase decisions.
Growing concern about eco-packaging has driven governments to enact policies and incentives to encourage recyclable materials and discourage single-use plastics. As an outcome, businesses are increasingly adopting recyclable packaging solutions to fulfil regulatory requirements, and customer expectations, and help contribute to a greener, more sustainable future.
Recyclable Packaging Market: Restraints
High cost of recycling
The high cost of recycling is a substantial barrier to the expansion of the recyclable packaging business. While recyclable packaging benefits the environment by decreasing waste and preserving resources, the costs associated with collecting, sorting, processing, and reprocessing recyclable materials may discourage businesses from using such packaging solutions.
Recycling processes need the use of specialised infrastructure, equipment, labour, and transportation, which incurs expenses. Furthermore, fluctuations in market pricing for recovered materials might have an impact on recycling programmes’ economic sustainability.
As a result, firms may use cheaper non-recyclable packaging choices to save money, despite the long-term environmental impact. Addressing the high cost of recycling involves investments in recycling infrastructure, technical improvements to enhance efficiency, and governmental interventions such as extended producer responsibility (EPR) schemes.
Recyclable Packaging Market: Opportunities
Technological advancement in the recycling process
Technological developments in the process play an important role in boosting the expansion of the recyclable packaging market by allowing for the creation of novel and sustainable packaging solutions. Advanced manufacturing methods, such as 3D printing and digital printing technologies, enable the creation of customized and environmentally friendly packaging materials.
These technologies provide greater design and production flexibility, resulting in packaging that is better suited for recycling and reuse.
Moreover, advances in materials science have resulted in the identification and development of novel recyclable and biodegradable materials derived from renewable sources, such as plant-based polymers and bioplastics. These materials perform similarly to standard packaging materials while being more ecologically friendly and easily recyclable.
Furthermore, machine learning and robotic technologies are being integrated into packaging operations to increase efficiency, reduce waste, and improve quality control.
Automated sorting and recycling systems coupled with modern sensors and machine learning algorithms allow for more effective separation and processing of recyclable components, enhancing package recyclability and minimizing packaging waste’s environmental impact.
Ultimately, technical developments in process stimulate innovation in recyclable packaging, allowing for the creation of long-term solutions that suit the market’s rising need for environmentally friendly packaging.
These improvements improve the packaging industry’s circularity by encouraging the use of recyclable materials and making it easier to recycle and reuse packaging materials, resulting in a more sustainable and resource-efficient packaging system.
Recyclable Packaging Market: Segmentation Analysis
The Global Recyclable Packaging market is segmented by material, packaging, end user and region. Based on material, the market is classified into glass, paper, plastic, tinplate, aluminium. Plastic dominated the market in 2023 with a market share of 30.2% and is expected to keep its dominance during the forecast period 2024-2033.
Plastic’s dominance in packaging has fuelled the recyclable packaging business, demanding novel solutions to reduce environmental effects. The widespread use of plastic packaging, along with increased awareness of plastic pollution, fuelled demand for sustainable alternatives.
Recyclable packaging appears as a feasible solution, providing environmentally acceptable alternatives to standard plastic materials. By utilizing recyclable materials which include paper, cardboard, bioplastics, and biodegradable polymers, producers meet customer concerns while conforming to regulatory standards.
Furthermore, developments in recycling technology allow for the recovery and reuse of plastic waste, which drives the recyclable packaging market’s growth. Furthermore, customer preferences for sustainable packaging solutions drive market growth, pushing firms to use recyclable alternatives to improve their environmental stewardship and appeal to environmentally concerned customers.
Based on packaging, the market is classified into paper & cardboard, bubble wrap, void fill packing, and pouches & envelopes. Paper & cardboard dominated the market in 2023 with a market share of 35.5% and is expected to keep its dominance during the forecast period 2024-2033.
The paper and cardboard sector is critical to developing the recyclable packaging market because of its inherent sustainable and ecological advantages. With rising consumer awareness and governmental constraints to decrease plastic waste, there is a greater need for environmentally friendly packaging alternatives.
Paper and cardboard provide a renewable and biodegradable alternative to traditional packaging materials, making them popular among companies and retailers trying to reduce their carbon impact.
Furthermore, developments in recycling technology have made it easier and less expensive to recycle paper and cardboard packaging materials, increasing their market attractiveness. Furthermore, paper and cardboard packaging are adaptable and can be readily customized to fit unique packaging needs, making them suited for a wide range of products across different industries.
Based on end user, the market is classified into healthcare, food & beverage and personnel care. Food & beverage dominated the market in 2023 with a market share of 32.8% and is expected to keep its dominance during the forecast period 2024-2033.
The food and beverage industry plays a pivotal role in driving the recyclable packaging market owing to rising consumer consciousness and environmental concerns. Food and beverage firms are turning to recyclable materials including paper, cardboard, aluminium, and some types of plastics to meet the rising need for sustainable packaging solutions.
Consumer demand for eco-friendly products, as well as governmental requirements to decrease waste and pollution, are driving this trend towards recyclable packaging. Furthermore, food and beverage producers understand the economic benefits of adopting recyclable materials, such as cost savings from less packaging waste and possible marketing benefits from sustainability programmes.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 27.6 Billion |
| Projected Market Size in 2033 | USD 47.2 Billion |
| Market Size in 2023 | USD 25.3 Billion |
| CAGR Growth Rate | 6.6% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Material, Packaging, End User and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Recyclable Packaging Market: Regional Analysis
By region, Recyclable Packaging market is segmented into North America, Europe, Asia-Pacific, Latin America, the Middle East & Africa. North America dominated the global Recyclable Packaging market in 2023 with a market share of 40.6% and is expected to keep its dominance during the forecast period 2024-2033.
North America is driving the recyclable packaging market with a mix of legislative frameworks, public awareness, and industry activities. The region has rigorous environmental rules that require the use of sustainable packaging materials and promote recycling methods.
Additionally, increased consumer awareness of environmental problems has fuelled demand for eco-friendly packaging options. Firms in North America are increasingly using recyclable packaging to fit customer tastes and exhibit their commitment to corporate sustainability. Furthermore, industry initiatives and collaborations foster innovation and investment in recyclable packaging innovations, hence promoting market development.
Recyclable Packaging Market: Recent Developments
- In August 2022, well-known retailer Marks & Spencer (M&S) unveiled a new ecologically friendly, recyclable packaging for its British assortment of vine tomatoes to make its supermarket items more sustainable.
- In September 2022, Berlin Packaging, a US-based hybrid packaging company, purchased glass packaging solutions reseller European Packaging Solutions (EPS).
- In July 2021, Tetra Pak announced a partnership with Stora Enso to triple the recycling capacity of beverage cartons in Poland. The line will triple the annual recycling capacity of used beverage cartons in Poland from 25,000 to 75,000 tonnes.
List of the prominent players in the Recyclable Packaging Market:
- Amcor plc
- Tetra Pak International S.A.
- Mondi plc
- Ball Corporation
- Sealed Air Corporation
- DS Smith plc
- Sonoco Products Company
- Huhtamaki Oyj
- Smurfit Kappa Group plc
- Berry Global Inc.
- AptarGroup Inc.
- WestRock Company
- International Paper Company
- Stora Enso Oyj
- Bemis Company Inc.
- Sidel Group
- Greif Inc.
- Constantia Flexibles Group GmbH
- Reynolds Group Holdings Limited
- Graphic Packaging International LLC
- Others
These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.
The Recyclable Packaging Market is segmented as follows:
By Material
- Glass
- Paper
- Plastic
- Tinplate
- Aluminium
By Packaging
- Paper & Cardboard
- Bubble Wrap
- Void Fill Packing
- Pouches & Envelopes
By End User
- Healthcare
- Food & Beverage
- Personnel Care
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Recyclable Packaging Market, (2024 – 2033) (USD Billion)
- 2.2 Global Recyclable Packaging Market: snapshot
- Chapter 3. Global Recyclable Packaging Market – Industry Analysis
- 3.1 Recyclable Packaging Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Rising stringent regulations
- 3.2.2 Rising awareness about eco packaging
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Material
- 3.7.2 Market Attractiveness Analysis By Packaging
- 3.7.3 Market Attractiveness Analysis By End User
- Chapter 4. Global Recyclable Packaging Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Recyclable Packaging Market: Company Market Share, 2023
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Recyclable Packaging Market – Material Analysis
- 5.1 Global Recyclable Packaging Market Overview: By Material
- 5.1.1 Global Recyclable Packaging Market Share, By Material, 2023 and 2033
- 5.2 Glass
- 5.2.1 Global Recyclable Packaging Market by Glass, 2024 – 2033 (USD Billion)
- 5.3 Paper
- 5.3.1 Global Recyclable Packaging Market by Paper, 2024 – 2033 (USD Billion)
- 5.4 Plastic
- 5.4.1 Global Recyclable Packaging Market by Plastic, 2024 – 2033 (USD Billion)
- 5.5 Tinplate
- 5.5.1 Global Recyclable Packaging Market by Tinplate, 2024 – 2033 (USD Billion)
- 5.6 Aluminium
- 5.6.1 Global Recyclable Packaging Market by Aluminium, 2024 – 2033 (USD Billion)
- 5.1 Global Recyclable Packaging Market Overview: By Material
- Chapter 6. Global Recyclable Packaging Market – Packaging Analysis
- 6.1 Global Recyclable Packaging Market Overview: By Packaging
- 6.1.1 Global Recyclable Packaging Market Share, By Packaging, 2023 and 2033
- 6.2 Paper & Cardboard
- 6.2.1 Global Recyclable Packaging Market by Paper & Cardboard, 2024 – 2033 (USD Billion)
- 6.3 Bubble Wrap
- 6.3.1 Global Recyclable Packaging Market by Bubble Wrap, 2024 – 2033 (USD Billion)
- 6.4 Void Fill Packing
- 6.4.1 Global Recyclable Packaging Market by Void Fill Packing, 2024 – 2033 (USD Billion)
- 6.5 Pouches & Envelopes
- 6.5.1 Global Recyclable Packaging Market by Pouches & Envelopes, 2024 – 2033 (USD Billion)
- 6.1 Global Recyclable Packaging Market Overview: By Packaging
- Chapter 7. Global Recyclable Packaging Market – End User Analysis
- 7.1 Global Recyclable Packaging Market Overview: By End User
- 7.1.1 Global Recyclable Packaging Market Share, By End User, 2023 and 2033
- 7.2 Healthcare
- 7.2.1 Global Recyclable Packaging Market by Healthcare, 2024 – 2033 (USD Billion)
- 7.3 Food & Beverage
- 7.3.1 Global Recyclable Packaging Market by Food & Beverage, 2024 – 2033 (USD Billion)
- 7.4 Personnel Care
- 7.4.1 Global Recyclable Packaging Market by Personnel Care, 2024 – 2033 (USD Billion)
- 7.1 Global Recyclable Packaging Market Overview: By End User
- Chapter 8. Recyclable Packaging Market – Regional Analysis
- 8.1 Global Recyclable Packaging Market Regional Overview
- 8.2 Global Recyclable Packaging Market Share, by Region, 2023 & 2033 (USD Billion)
- 8.3. North America
- 8.3.1 North America Recyclable Packaging Market, 2024 – 2033 (USD Billion)
- 8.3.1.1 North America Recyclable Packaging Market, by Country, 2024 – 2033 (USD Billion)
- 8.3.1 North America Recyclable Packaging Market, 2024 – 2033 (USD Billion)
- 8.4 North America Recyclable Packaging Market, by Material, 2024 – 2033
- 8.4.1 North America Recyclable Packaging Market, by Material, 2024 – 2033 (USD Billion)
- 8.5 North America Recyclable Packaging Market, by Packaging, 2024 – 2033
- 8.5.1 North America Recyclable Packaging Market, by Packaging, 2024 – 2033 (USD Billion)
- 8.6 North America Recyclable Packaging Market, by End User, 2024 – 2033
- 8.6.1 North America Recyclable Packaging Market, by End User, 2024 – 2033 (USD Billion)
- 8.7. Europe
- 8.7.1 Europe Recyclable Packaging Market, 2024 – 2033 (USD Billion)
- 8.7.1.1 Europe Recyclable Packaging Market, by Country, 2024 – 2033 (USD Billion)
- 8.7.1 Europe Recyclable Packaging Market, 2024 – 2033 (USD Billion)
- 8.8 Europe Recyclable Packaging Market, by Material, 2024 – 2033
- 8.8.1 Europe Recyclable Packaging Market, by Material, 2024 – 2033 (USD Billion)
- 8.9 Europe Recyclable Packaging Market, by Packaging, 2024 – 2033
- 8.9.1 Europe Recyclable Packaging Market, by Packaging, 2024 – 2033 (USD Billion)
- 8.10 Europe Recyclable Packaging Market, by End User, 2024 – 2033
- 8.10.1 Europe Recyclable Packaging Market, by End User, 2024 – 2033 (USD Billion)
- 8.11. Asia Pacific
- 8.11.1 Asia Pacific Recyclable Packaging Market, 2024 – 2033 (USD Billion)
- 8.11.1.1 Asia Pacific Recyclable Packaging Market, by Country, 2024 – 2033 (USD Billion)
- 8.11.1 Asia Pacific Recyclable Packaging Market, 2024 – 2033 (USD Billion)
- 8.12 Asia Pacific Recyclable Packaging Market, by Material, 2024 – 2033
- 8.12.1 Asia Pacific Recyclable Packaging Market, by Material, 2024 – 2033 (USD Billion)
- 8.13 Asia Pacific Recyclable Packaging Market, by Packaging, 2024 – 2033
- 8.13.1 Asia Pacific Recyclable Packaging Market, by Packaging, 2024 – 2033 (USD Billion)
- 8.14 Asia Pacific Recyclable Packaging Market, by End User, 2024 – 2033
- 8.14.1 Asia Pacific Recyclable Packaging Market, by End User, 2024 – 2033 (USD Billion)
- 8.15. Latin America
- 8.15.1 Latin America Recyclable Packaging Market, 2024 – 2033 (USD Billion)
- 8.15.1.1 Latin America Recyclable Packaging Market, by Country, 2024 – 2033 (USD Billion)
- 8.15.1 Latin America Recyclable Packaging Market, 2024 – 2033 (USD Billion)
- 8.16 Latin America Recyclable Packaging Market, by Material, 2024 – 2033
- 8.16.1 Latin America Recyclable Packaging Market, by Material, 2024 – 2033 (USD Billion)
- 8.17 Latin America Recyclable Packaging Market, by Packaging, 2024 – 2033
- 8.17.1 Latin America Recyclable Packaging Market, by Packaging, 2024 – 2033 (USD Billion)
- 8.18 Latin America Recyclable Packaging Market, by End User, 2024 – 2033
- 8.18.1 Latin America Recyclable Packaging Market, by End User, 2024 – 2033 (USD Billion)
- 8.19. The Middle-East and Africa
- 8.19.1 The Middle-East and Africa Recyclable Packaging Market, 2024 – 2033 (USD Billion)
- 8.19.1.1 The Middle-East and Africa Recyclable Packaging Market, by Country, 2024 – 2033 (USD Billion)
- 8.19.1 The Middle-East and Africa Recyclable Packaging Market, 2024 – 2033 (USD Billion)
- 8.20 The Middle-East and Africa Recyclable Packaging Market, by Material, 2024 – 2033
- 8.20.1 The Middle-East and Africa Recyclable Packaging Market, by Material, 2024 – 2033 (USD Billion)
- 8.21 The Middle-East and Africa Recyclable Packaging Market, by Packaging, 2024 – 2033
- 8.21.1 The Middle-East and Africa Recyclable Packaging Market, by Packaging, 2024 – 2033 (USD Billion)
- 8.22 The Middle-East and Africa Recyclable Packaging Market, by End User, 2024 – 2033
- 8.22.1 The Middle-East and Africa Recyclable Packaging Market, by End User, 2024 – 2033 (USD Billion)
- Chapter 9. Company Profiles
- 9.1 Amcor plc
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 Tetra Pak International S.A.
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 Mondi plc
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 Ball Corporation
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 Sealed Air Corporation
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 DS Smith plc
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 Sonoco Products Company
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 Huhtamaki Oyj
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 Smurfit Kappa Group plc
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 Berry Global Inc.
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.11 AptarGroup Inc.
- 9.11.1 Overview
- 9.11.2 Financials
- 9.11.3 Product Portfolio
- 9.11.4 Business Strategy
- 9.11.5 Recent Developments
- 9.12 WestRock Company
- 9.12.1 Overview
- 9.12.2 Financials
- 9.12.3 Product Portfolio
- 9.12.4 Business Strategy
- 9.12.5 Recent Developments
- 9.13 International Paper Company
- 9.13.1 Overview
- 9.13.2 Financials
- 9.13.3 Product Portfolio
- 9.13.4 Business Strategy
- 9.13.5 Recent Developments
- 9.14 Stora Enso Oyj
- 9.14.1 Overview
- 9.14.2 Financials
- 9.14.3 Product Portfolio
- 9.14.4 Business Strategy
- 9.14.5 Recent Developments
- 9.15 Bemis Company Inc.
- 9.15.1 Overview
- 9.15.2 Financials
- 9.15.3 Product Portfolio
- 9.15.4 Business Strategy
- 9.15.5 Recent Developments
- 9.16 Sidel Group
- 9.16.1 Overview
- 9.16.2 Financials
- 9.16.3 Product Portfolio
- 9.16.4 Business Strategy
- 9.16.5 Recent Developments
- 9.17 Greif Inc.
- 9.17.1 Overview
- 9.17.2 Financials
- 9.17.3 Product Portfolio
- 9.17.4 Business Strategy
- 9.17.5 Recent Developments
- 9.18 Constantia Flexibles Group GmbH
- 9.18.1 Overview
- 9.18.2 Financials
- 9.18.3 Product Portfolio
- 9.18.4 Business Strategy
- 9.18.5 Recent Developments
- 9.19 Reynolds Group Holdings Limited
- 9.19.1 Overview
- 9.19.2 Financials
- 9.19.3 Product Portfolio
- 9.19.4 Business Strategy
- 9.19.5 Recent Developments
- 9.20 Graphic Packaging International LLC
- 9.20.1 Overview
- 9.20.2 Financials
- 9.20.3 Product Portfolio
- 9.20.4 Business Strategy
- 9.20.5 Recent Developments
- 9.21 Others.
- 9.21.1 Overview
- 9.21.2 Financials
- 9.21.3 Product Portfolio
- 9.21.4 Business Strategy
- 9.21.5 Recent Developments
- 9.1 Amcor plc
List Of Figures
Figures No 1 to 28
List Of Tables
Tables No 1 to 77
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2033
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Prominent Player
- Amcor plc
- Tetra Pak International S.A.
- Mondi plc
- Ball Corporation
- Sealed Air Corporation
- DS Smith plc
- Sonoco Products Company
- Huhtamaki Oyj
- Smurfit Kappa Group plc
- Berry Global Inc.
- AptarGroup Inc.
- WestRock Company
- International Paper Company
- Stora Enso Oyj
- Bemis Company Inc.
- Sidel Group
- Greif Inc.
- Constantia Flexibles Group GmbH
- Reynolds Group Holdings Limited
- Graphic Packaging International LLC
- Others
FAQs
The restraints of the Recyclable Packaging market is high cost of recycling.
The major driver for the Recyclable Packaging market is rising stringent regulations and rising awareness about eco packaging.
The “Glass” category dominated the market in 2023.
The key players in the market are Amcor plc, Tetra Pak International S.A., Mondi plc, Ball Corporation, Sealed Air Corporation, DS Smith plc, Sonoco Products Company, Huhtamaki Oyj, Smurfit Kappa Group plc, Berry Global Inc., AptarGroup Inc., WestRock Company, International Paper Company, Stora Enso Oyj, Bemis Company Inc. , Sidel Group , Greif Inc., Constantia Flexibles Group GmbH, Reynolds Group Holdings Limited, Graphic Packaging International LLC, Others.
“North America” had the largest share in the Recyclable Packaging Market.
The global market is projected to grow at a CAGR of 6.6% during the forecast period, 2024-2033.
The Recyclable Packaging Market size was valued at USD 27.6 Billion in 2024.