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PCR Packaging Market Size (2024 - 2029)

The PCR Packaging market is experiencing growth driven by increasing consumer awareness of environmental issues and the demand for sustainable packaging solutions. This market expansion is supported by government initiatives promoting recycled content in packaging. Despite challenges such as limited applicability in certain sectors due to contamination risks, the market is buoyed by innovations in product offerings using post-consumer recycled materials. The pandemic's impact on production and sales has also influenced the market dynamics, with shifts in consumer behavior contributing to its growth.

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Market Size of PCR Packaging Industry

PCR Packaging Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 5.80 %
Fastest Growing Market Asia-Pacific
Largest Market Europe
Market Concentration Low

Major Players

PCR Packaging Market Major Players

*Disclaimer: Major Players sorted in no particular order

PCR Packaging Market Analysis

The PCR Packaging market is expected to register a CAGR of 5.8% during the forecast period (2022-2027). Rising consumer awareness about the environmental impact of plastic disposal is driving brands away from traditional materials and changing consumer behavior patterns are taking the scales in favor of the market.

  • PCR packaging is manufactured with a film made from recycled materials and cannot be recycled again since it is already made from recycled materials. This allows brands to fulfill their sustainability goals without relying on the consumer to recycle or compost the package after use. Such factors are propelling the market's growth.
  • The growing demand for sustainable packaging and support from various global government initiatives are driving the market growth. For instance, in September 2020, the government in California signed a law that establishes recycled content for plastic beverage containers and requires a postconsumer plastic recycled content standard of 15% beginning January 1, 2022, increasing to 25% in 2025 and 50% in 2030.
  • However, the lack of applicability of PCR packaging in certain applications owing to a risk of contamination or lack of consistency, such as pharmaceutical or medical applications, is likely to hamper the growth of the market.
  • Several players in the industry are coming up with new product launches using post-consumer recycled resins. For instance, in February 2021, INDEVCO Plastics started offering PCR recycled packaging industrial solutions made from heavy-duty materials with up to 50% recycled resin content. The solution is available in form/fill/seal (FFS) films, centerfold films, and pre-formed bags. The company uses post-industrial recycled (PIR) or post-consumer recycled (PCR) resins and water-based, environmentally friendly inks to develop these new package options applicable for pet food and litter products, agricultural ingredients, building and industrial materials, and other heavy-duty uses.
  • The supply chain disruption caused due to the unprecedented outbreak of Covid-19 affected production across the industries. During the pandemic, sales in the cosmetics industry, which accounts for a significant share of the market, have dropped. At the same time, the increasing sales of convenient foods, beverages, and pharmaceutical products are continuously adding growth to the market.

PCR Packaging Industry Segmentation

PCR Packaging refers to the packaging made of Post-Consumer Recycled material or Post-Consumer Resin such as PET, PP, and HDPE plastics which are recycled and then reprocessed into a resin that is used to make new packaging. The PCR Packaging Market is segmented By Material (PET, PE, PVC, PP, PS), Product (Bottles, Trays, Pouches), End User Vertical (Food, Beverage, Healthcare, Cosmetics, Industrial), and Geography

By Material
PET
PE
PVC
PP
PS
Others
By Product
Bottles
Trays
Pouches
Other Product Types
By End-user Verticals
Food
Beverage
Healthcare
Cosmetics
Industrial
Other End user verticals
By Geography
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
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PCR Packaging Market Size Summary

The PCR Packaging market is experiencing significant growth driven by increasing consumer awareness of the environmental impacts of plastic waste and the shift towards sustainable packaging solutions. This market is characterized by the use of packaging materials made from recycled plastics, which helps brands achieve their sustainability objectives without relying on consumers to recycle after use. The demand for PCR packaging is further bolstered by supportive government initiatives worldwide, such as mandates for recycled content in plastic products. However, challenges remain in certain sectors like pharmaceuticals, where contamination risks limit the applicability of PCR materials. The market is also witnessing innovation, with companies like INDEVCO Plastics introducing new products that incorporate post-consumer recycled resins, catering to various industries including pet food, agriculture, and industrial sectors.

The market landscape is highly competitive and fragmented, with numerous players engaging in strategic initiatives to enhance their market position. Companies are investing in product development and forming partnerships to innovate and meet regulatory requirements. Notable collaborations, such as the Design4Circularity initiative, aim to create circular packaging solutions with high PCR content. The European Commission's plans to extend mandatory recycled content targets to additional sectors are expected to further stimulate market growth. Key industry players are also expanding their recycling capacities and launching products that comply with EU and FDA standards, reflecting a strong commitment to sustainability and regulatory compliance. As the market evolves, the focus on reducing virgin plastic use and enhancing recyclability continues to drive innovation and investment in PCR packaging solutions.

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PCR Packaging Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Value Chain Analysis

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Bargaining Power of Suppliers

      2. 1.3.2 Bargaining Power of Consumers

      3. 1.3.3 Threat of New Entrants

      4. 1.3.4 Intensity of Competitive Rivalry

      5. 1.3.5 Threat of Substitutes

    4. 1.4 COVID-19 Impact on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Material

      1. 2.1.1 PET

      2. 2.1.2 PE

      3. 2.1.3 PVC

      4. 2.1.4 PP

      5. 2.1.5 PS

      6. 2.1.6 Others

    2. 2.2 By Product

      1. 2.2.1 Bottles

      2. 2.2.2 Trays

      3. 2.2.3 Pouches

      4. 2.2.4 Other Product Types

    3. 2.3 By End-user Verticals

      1. 2.3.1 Food

      2. 2.3.2 Beverage

      3. 2.3.3 Healthcare

      4. 2.3.4 Cosmetics

      5. 2.3.5 Industrial

      6. 2.3.6 Other End user verticals

    4. 2.4 By Geography

      1. 2.4.1 North America

      2. 2.4.2 Europe

      3. 2.4.3 Asia Pacific

      4. 2.4.4 Latin America

      5. 2.4.5 Middle East and Africa

PCR Packaging Market Size FAQs

The PCR Packaging Market is projected to register a CAGR of 5.80% during the forecast period (2024-2029)

Berry Global, Amcor plc, ePac Holdings, LLC, Mondi plc and Transcontinental Inc. are the major companies operating in the PCR Packaging Market.

PCR Packaging Report Snapshots

PCR Packaging Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)