Recycled Materials Packaging Solutions Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 189.92 Billion |
| Market Size (2029) | USD 245.56 Billion |
| CAGR (2024 - 2029) | 5.27 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Recycled Materials Packaging Solutions Market Analysis
The Recycled Materials Packaging Solutions Market size is estimated at USD 189.92 billion in 2024, and is expected to reach USD 245.56 billion by 2029, growing at a CAGR of 5.27% during the forecast period (2024-2029). In terms of production volume, the market is expected to grow from 248.60 million tons in 2024 to 315.70 million tons by 2029, at a CAGR of 4.89% during the forecast period (2024-2029).
- Recycled material packaging solutions are the materials that have been reprocessed from a recovered material using a manufacturing process and then included in a final product or component. Recycled material is any material that has already served the use that it was initially intended for and is being used for packaging.
- Recycled content is promoted as it significantly reduces organizational waste footprints while optimizing the manufacturing process. As with recycled products, recycled content will improve a company's sustainability, and due to the efficiency of the process, it is also associated with increased cost benefits.
- Additionally, technological advancements are leading to the development of innovative recyclable packaging solutions. Manufacturers are concentrating on creating packaging materials that are not only environmentally friendly but also offer the required protection and functionality for the products being packaged. As a result, the recycled packaging market is witnessing the introduction of new materials, designs, and manufacturing processes that cater to diverse industry needs.
- Biodegradable plastic packaging solutions are witnessing a rise in the packaging industry owing to their low environmental impact, growing focus on recyclability and sustainability, and governments' focus on efficient packaging management.
- Bio-based materials have several potential advantages for greenhouse gas balances and other environmental impacts over life cycles. It is anticipated that using biodegradable materials will contribute to sustainability and a high reduction in the ecological effects related to the disposal of oil-based polymers. However, it is expected to restrain the growth of the market studied.
- Waste management is a major cost burden for municipalities and governments. Promoting recycling decreases the volume of waste sent to landfills, reducing waste management costs. These cost savings can be diverted to other critical areas, such as education, healthcare, and infrastructure development.
Recycled Materials Packaging Solutions Market Trends
Food Industry to be the Largest End-user Industry
- The market for recycled packaging in the food industry has grown due to increasing consumer awareness of environmental issues and the push for sustainable practices across various sectors. Recycled packaging offers several benefits, including reducing waste, conserving resources, and lowering carbon emissions associated with production.
- However, the concept of a circular economy, where resources are reused and recycled rather than discarded after a single use, is gaining traction in the food industry. Recycled packaging enables a more circular approach to resource management and waste reduction.
- The growth in retail sales of baked goods can contribute to expanding the recycled material packaging market by driving demand for environmentally friendly packaging solutions. As consumer awareness and regulatory pressures continue to increase, businesses are likely to prioritize sustainable packaging options, further increasing the growth of the recycled material packaging market.
- According to Agriculture and Agri-Food Canada, the projected growth in retail sales of baked goods, from approximately USD 6.77 billion in 2022 to a forecasted USD 7.78 billion by 2026, indicates an expanding market for food products.
- With a rise in retail sales of baked goods, there will likely be an increased demand for packaging materials. As consumers become more environmentally conscious, there is a growing preference for sustainable packaging options, including recycled materials.
Europe to Hold the Major Market Share
- The adoption of recycled packaging materials in Europe is reshaping the entire value chain of the packaging industry, from procurement and manufacturing to distribution and consumer engagement. The shift drives innovation in material sourcing, production processes, and supply chain logistics while influencing consumer behavior and regulatory frameworks, ultimately fostering a more sustainable and circular economy within the packaging sector.
- Introducing recycled glass packaging in Europe’s pharmaceutical market is revolutionizing sustainability efforts, as pharmaceutical companies prioritize environmentally friendly solutions to reduce their carbon footprint and meet regulatory standards.
- The shift toward recycled material packaging reflects a broader industry trend toward eco-conscious practices, enhancing brand reputation and consumer trust while promoting a circular economy model within the pharmaceutical sector.
- Global cosmetic companies like Estée Lauder, Aveda, and Origins have developed sustainability strategies to reduce dependence on plastic packaging materials. Estée Lauder is working toward increasing the amount of post-consumer recycled (PCR) material in its packaging by up to 50% by 2025.5. Some strategies these companies employ include low-impact sourcing for packaging materials, pursuing more recycled primary packaging, and eliminating packaging components wherever possible.
Recycled Materials Packaging Solutions Industry Overview
The recycled materials packaging solutions market is fragmented with major players such as Amcor Group GmbH, Kruger Inc., Smurfit Kappa Group, Packaging Corporation of America, Tetra Laval International SA, etc. The corporations continue to innovate and form strategic partnerships to maintain their market share.
In February 2024, Amcor agreed with Cadbury to procure approximately 1,000 tonnes of post-consumer recycled plastic to be used in the packaging of Cadbury's core range of Cadbury chocolates, helping to accelerate Cadbury's efforts to reduce their virgin plastic requirements.
In November 2023, Paperboard and packaging manufacturer DS Smith, based in the United Kingdom, started providing recycled content and recyclable packaging to Philips Home Appliance brands manufactured in the Netherlands by Versuni.
Recycled Materials Packaging Solutions Market Leaders
Amcor Group GmbH
Kruger Inc.
Smurfit Kappa Group
Packaging Corporation of America
Tetra Laval International SA
*Disclaimer: Major Players sorted in no particular order
Recycled Materials Packaging Solutions Market News
- December 2023 - Novolex's brand Waddington North America (WNA) introduced a line of recyclable food packaging containers incorporating at least 10% post-consumer recycled (PCR) content. This includes dessert cups, tamper-evident containers, cake containers, and bakery clamshells. As sustainability becomes increasingly crucial in the industry, Novolex aims to expand its range of environmentally friendly products.
- November 2023 - Amcor announced signing an MOU with the sustainability polyethylene producer NOVA Chemicals Corporation to procure rPE recycled polyethylene resin for flexible packaging film applications. Increasing the use of rPE in flexible packaging applications is one of Amcor's key initiatives to promote packaging circularity.
Recycled Materials Packaging Solutions Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
4.4 Impact of Geo-political Impact on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Stringent Government Regulations Driving the Demand for Recycling of Products
5.2 Market Challenges
5.2.1 Growth and Advancement in Biodegradable Plastics
6. MARKET SEGMENTATION
6.1 By Material Type
6.1.1 Plastic
6.1.2 Paper
6.1.3 Glass
6.1.4 Metal
6.2 By End-user Industry
6.2.1 Food
6.2.2 Beverage
6.2.3 Home and Personal Care
6.2.4 Healthcare
6.2.5 Other End-user Industries
6.3 By Geography
6.3.1 North America
6.3.2 Europe
6.3.3 Asia
6.3.4 Australia and New Zealand
6.3.5 Latin America
6.3.6 Middle East and Africa
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles*
7.1.1 Amcor Group GmbH
7.1.2 Kruger Inc.
7.1.3 Smurfit Kappa Group
7.1.4 Packaging Corporation of America
7.1.5 Tetra Laval International SA
7.1.6 International Paper Company
7.1.7 Mondi Group
7.1.8 DS Smith PLC
7.1.9 WestRock Company
7.1.10 Sealed Air Corp.
8. INVESTMENT ANALYSIS
9. FUTURE OUTLOOK OF THE MARKET
Recycled Materials Packaging Solutions Industry Segmentation
The market is defined by the revenue accrued from the sales of resins and products made from recycled materials and the volume that uses recycled raw materials.
The recycled materials packaging solutions market is segmented by material (plastic, paper, glass, and metal), end-user industry (food, beverage, home and personal care, healthcare, and other end-user industries), and geography (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (USD) and Volume (Tons) for all the Above Segments.
| By Material Type | |
| Plastic | |
| Paper | |
| Glass | |
| Metal |
| By End-user Industry | |
| Food | |
| Beverage | |
| Home and Personal Care | |
| Healthcare | |
| Other End-user Industries |
| By Geography | |
| North America | |
| Europe | |
| Asia | |
| Australia and New Zealand | |
| Latin America | |
| Middle East and Africa |
Recycled Materials Packaging Solutions Market Research FAQs
How big is the Recycled Materials Packaging Solutions Market?
The Recycled Materials Packaging Solutions Market size is expected to reach USD 189.92 billion in 2024 and grow at a CAGR of 5.27% to reach USD 245.56 billion by 2029.
What is the current Recycled Materials Packaging Solutions Market size?
In 2024, the Recycled Materials Packaging Solutions Market size is expected to reach USD 189.92 billion.
Who are the key players in Recycled Materials Packaging Solutions Market?
Amcor Group GmbH, Kruger Inc., Smurfit Kappa Group, Packaging Corporation of America and Tetra Laval International SA are the major companies operating in the Recycled Materials Packaging Solutions Market.
Which is the fastest growing region in Recycled Materials Packaging Solutions Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Recycled Materials Packaging Solutions Market?
In 2024, the Europe accounts for the largest market share in Recycled Materials Packaging Solutions Market.
What years does this Recycled Materials Packaging Solutions Market cover, and what was the market size in 2023?
In 2023, the Recycled Materials Packaging Solutions Market size was estimated at USD 179.91 billion. The report covers the Recycled Materials Packaging Solutions Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Recycled Materials Packaging Solutions Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Recycled Materials Packaging Solutions Industry Report
Statistics for the 2024 Recycled Materials Packaging Solutions market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Recycled Materials Packaging Solutions analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
