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The recycled materials packaging solutions market share is expected to increase by USD 65.1 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.95%.
This recycled materials packaging solutions market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers recycled materials packaging solutions market segmentation by end-user (food and beverages, healthcare, and others) and geography (APAC, Europe, North America, South America, and Middle East and Africa). The recycled materials packaging solutions market report also offers information on several market vendors, including Amcor Plc, BASF SE, BioPak Pty Ltd., DS Smith Plc, DuPont de Nemours Inc., Elevate Packaging Inc., Friendly Trader Pty.Ltd., International Paper Co., Kruger Inc., Mondi Group, Ranpak Holdings Corp., Sealed Air Corp., Smurfit Kappa Group, The Tetra Laval Group, and The West Rock group among others.
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The increasing demand for recycled plastics from the packaging industry is notably driving the recycled materials packaging solutions market growth, although factors such as lack of awareness and acceptance of recycled materials packaging solutions may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the recycled materials packaging solutions industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Recycled Materials Packaging Solutions Market Driver
One of the key factors driving growth in the recycled materials packaging solutions market is the increasing demand for recycled plastics from the packaging industry. Many industries are adopting green and sustainable solutions owing to the increase in awareness about healthy living and a clean and healthy environment. This has led to a rise in demand for recycled plastics across the world. The industry is shifting toward the use of recycled plastics, with a growing number of consumers that are conscious about environmental protection norms. Recycled plastics offer new possibilities for reducing waste, lowering energy consumption and carbon emission, and decreasing water consumption to achieve high quality and performance. With an increase in the adoption of green options for various applications, the global recycled materials packaging solutions market is expected to grow at a significant pace during the forecast period.
Key Recycled Materials Packaging Solutions Market Challenge
The lack of awareness and acceptance of recycled materials packaging solutions will be a major challenge for the recycled materials packaging solutions market during the forecast period. The low penetration rate and the lack of awareness of the use of bio-based polymers in developing and underdeveloped countries pose a critical challenge to the vendors in the global recycled materials packaging solutions market. Owing to the lack of proper infrastructure and the presence of price-sensitive buyers, cost-efficient and easily available packaging solutions are preferred to recycled materials packaging solutions in developing and underdeveloped countries. Buyers in such countries prefer crude oil-based polymer resins, which are less expensive compared with bio-based polymers. The lack of awareness and acceptance of recycled materials packaging solutions is expected to limit the growth of the global recycled materials packaging solutions market.
Key Recycled Materials Packaging Solutions Market Trend
The growing use of recycled materials packaging solutions in the e-commerce industry is another factor supporting the recycled materials packaging solutions market share growth. Packaging accounts for a significant share of the total weight of products (to be delivered to the customer) in the e-commerce sector. Thus, to reduce the adverse impact of packaging waste on the environment, e-commerce companies are adopting recycled materials packaging solutions. Various products such as electronic goods, glass items, or any other fragile goods require protective packaging for the safe delivery of products. Protective packaging products, such as Styrofoam and bubble wrap, are lightweight and economical, but both are made of polystyrene, which is derived from hydrocarbons. The manufacturing of these products is an energy-intensive process, and these products are not eco-friendly as they take a longer time to degrade. This is the main factor that drives the demand for recycled materials packaging solutions in the e-commerce sector.
This recycled materials packaging solutions market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global recycled materials packaging solutions market as a part of the global metal and glass containers market within the overall global containers and packaging market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the recycled materials packaging solutions market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the recycled materials packaging solutions market encompasses successful business strategies deployed by the key vendors. The recycled materials packaging solutions market is fragmented and the vendors are deploying growth strategies such as selling and distributing their products extensively to customers across the world to compete in the market.
amcor.com - The company is involved in offering amlite heatflex recyclable, amprima recycle ready solutions among others.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The recycled materials packaging solutions market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the recycled materials packaging solutions market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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45% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for recycled materials packaging solutions in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The surge in demand for recycled materials packaging solutions from the food and beverage, pharmaceuticals, e-commerce, and organized retail industries in countries such as China, India, Australia, Singapore, Japan, Malaysia, and South Korea will facilitate the recycled materials packaging solutions market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 hindered the growth of the recycled materials packaging solutions market in APAC. The region was under partial or full lockdowns owing to the pandemic. However, the e-commerce businesses flourished in the region during the pandemic, which, in turn, recouped the demand for food and beverage and other industrial products. In addition, the food and beverage and pharmaceutical industries remained resilient to the effect of COVID-19 in 2020. This, in turn, propelled the demand for recycled materials packaging solutions from pharmaceutical and food and beverage companies.
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The recycled materials packaging solutions market share growth by the food and beverages segment will be significant during the forecast period. The changing lifestyles and food habits of people are the main reasons for the growth of the packaged food and beverages industry. This is encouraging various enterprises to launch innovative products, which will further support the growth of the market for recycled materials packaging solutions.
This report provides an accurate prediction of the contribution of all the segments to the growth of the recycled materials packaging solutions market size and actionable market insights on post COVID-19 impact on each segment.
Recycled Materials Packaging Solutions Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.95% |
Market growth 2022-2026 |
$ 65.1 billion |
Market structure |
Fragmented |
YoY growth (%) |
4.38 |
Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
Performing market contribution |
APAC at 45% |
Key consumer countries |
US, China, India, UK, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Amcor Plc, BASF SE, BioPak Pty Ltd., DS Smith Plc, DuPont de Nemours Inc., Elevate Packaging Inc., Friendly Trader Pty.Ltd., International Paper Co., Kruger Inc., Mondi Group, Ranpak Holdings Corp., Sealed Air Corp., Smurfit Kappa Group, The Tetra Laval Group, and The West Rock group |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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