Global PCR Plastic Packaging Market – Industry Trends and Forecast to 2028

Market Analysis and Insights : Global PCR Plastic Packaging Market  

The PCR plastic packaging market will grow at a rate of 6.4% in the forecast period of 2021 to 2028. Rising government initiatives toward PCR plastic packaging is an essential factor driving the sustainable plastic packaging market.

Post-consumer resin (PCR) is defined as an environmentally-friendly packaging option which many manufacturers are using in support of recycling programs, consumer demand, and to reduce their impact on landfills. PCR plastics are the type of recycled materials from existing PET bottles and other plastics and these materials are recycled into other packaging materials through community recycling programs

Rising shift in consumer preference toward recyclable and eco-friendly materials is the major factor escalating the market growth, also increasing downsizing of packaging, increasing breakthrough in new technologies and innovations, rise in non-biodegradable materials, rise in public awareness about the environmental health like soil pollution, rising awareness regarding the detrimental impact of plastics and increase in consumer demand for the use of green packaging for organic food are the major factors among others propelling the growth of PCR plastic packaging market. Moreover, rising modernization and technological advancements in the packaging industry and rising growth of the e-commerce industry will further create new opportunities for the PCR plastic packaging market in the in the forecast period of 2021- 2028.

However, rising poor infrastructure facilities for recycling, increasing lack of awareness about the importance of sustainability in some emerging economies and rising packaging shifting toward non-plastic solutions are the major factors among others restraining the market growth, while rising fluctuations in raw material prices will further challenge the growth of PCR plastic packaging market.

This PCR plastic packaging market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on PCR plastic packaging market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

PCR Plastic Packaging Market Scope and Market Size

The PCR plastic packaging market is segmented on the basis of material type, application and end-user industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.

• Based on material type, the PCR plastic packaging market has been segmented into polystyrene, high density polyethylene, low density polyethylene, polyvinyl chloride and polyethylene terephthalate.
• On the basis of application, the PCR plastic packaging market has been segmented into bottles, trays, clamshells, blister packs, bags & sacks, pouches & sachets, ups & jars, and tubs.
• The PCR plastic packaging market has also been segmented on the basis of end-user industry into food, beverages, pharmaceuticals, cosmetics and personal care, homecare & toiletries and electronics.

PCR Plastic Packaging Market Country Level Analysis

The PCR plastic packaging market is analysed and market size, volume information is provided by material type, application and end-user industry as referenced above.

The countries covered in the PCR plastic packaging market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Europe dominates PCR plastic packaging market due to growing population, rising awareness among the masses about the importance of eco-friendly, renewable packaging, growing food & beverage industry, increasing downsizing of packaging, increasing breakthrough in new technologies and innovations and low manufacturing and labor costs in this region. Asia-Pacific is the expected region in terms of growth in PCR plastic packaging market due to growing food & beverage industry and increasing downsizing of packaging in this region.

The country section of the PCR plastic packaging market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and PCR Plastic Packaging Market Share Analysis

The PCR plastic packaging market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to PCR plastic packaging market.

The major players covered in the PCR plastic packaging market report are Amcor plc, Bemis Company Inc., Tetra Laval International SA., Mondi, WestRock Company, BASF SE, Sonoco Products Company, Smurfit Kappa, Sealed Air, Huhtamaki, Gerresheimer AG, BALL CORPORATION, Ardagh Group S.A., Crown Holdings, DS Smith, International Paper, Berry Global Inc., Reynolds, Genpack LLC, DuPont, Uflex Ltd. and Evergreen Packaging LLC among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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