The global Recyclable Packaging Market was robust in 2020 and is expected to maintain a steady revenue compound annual growth rate (CAGR) over the forecast period. Several key factors driving the revenue growth of the market include the increasing adoption of recyclable packaging, environmental concerns regarding packaging waste, and strict bans on single-use plastic in various countries. Additionally, companies' sustainability goals, lower processing costs, and zero carbon emission objectives contribute to driving the demand for recyclable packaging and supporting market revenue growth.

Recyclable packaging is created from materials that can be reprocessed and reused, such as glass, paper, metal, and some types of plastic. Many businesses seek to incorporate recyclable materials into their packaging to reduce their environmental impact or landfill waste. Recycling is considered the most effective technique to reduce waste, conserve raw resources, and decrease greenhouse gas emissions. The market for recyclable packaging is growing, and businesses of all types are seeking methods to integrate recycled materials into their supply chains. However, the less availability of recycling plants, the expense of switching, and cross-contamination, which could impact the recyclability of other items, could hamper market growth to some extent.

Get a Sample of the report @ https://www.reportsanddata.com/download-free-sample/4855

Governments worldwide are implementing rules to reduce packaging waste, particularly single-use packaging waste, and improve waste management. These actions create profitable business opportunities for major players and new entrants in the global market. The paper segment is expected to account for the largest revenue share over the forecast period, owing to well-developed recycling streams and processes. Based on end-user industry, the beverages segment is projected to dominate in terms of revenue share over the forecast period. Europe emerged as the largest market in 2020, and Asia Pacific is expected to register the fastest growth in CAGR over the forecast period.

Major companies profiled in the report include:

Amcor, Tetra Laval, Ardagh Group SA, Ball Corporation, Elopak AS, Emerald Packaging, PlastiPak Holdings Inc., Sealed Air Corporation, Uflex Limited, WestRock Company, Be Green Packaging, DS Smith, DuPont, Evergreen Packaging, Mondi, Bemis Company, Graham, International Paper, TIPA Corp, and Nampak.

Market Segmentation:

• Packaging material types include Paper, Plastic, Glass, Metal, and Others.
• End user industries include Food, Beverage, Pharmaceutical, Personal Care, Logistics, and Others.
• Regions include North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Benelux, Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific), Latin America (Brazil, Rest of Latin America), and Middle East & Africa (Saudi Arabia, UAE, South Africa, Rest of Middle East & Africa).

Access Full Research Report @ https://www.reportsanddata.com/report-detail/recyclable-packaging-market

About Us:
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact Us:

John W

Head of Business Development

Reports And Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

LinkedIn | Twitter | Blogs | Insights