About Recycled Materials Packaging Solutions
Recycled materials packaging made from reusable materials, usually after processing. It is generally made from cardboard which highest recycling rate of any type of packaging and is facilitated by well-developed recycling processes. This decreases the environmental footprint of the material, with corrugated recycling also increasing environmental conservation with preserving natural resources. The packaging protects products, preserves them, and enhances them.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Global Recycled Materials Packaging Solutions is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching New Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that Global Vendors will contribute the maximum growth to Global Recycled Materials Packaging Solutions market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BASF (Germany), DuPont (United States), Amcor (Switzerland), Sealed Air (United States), Mondi Group (United Kingdom), Kruger (Canada), Ranpak (United States), Tetra Laval (Switzerland), International Paper (United States) and Smurfit Kappa Group (Ireland) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Recycled Materials Packaging Solutions market by Type (Cornstarch Packaging, Eco-friendly and Recycled Plastic, Mushroom Packaging, Leaf Plates, Biodegradable Packaging Peanuts, Single Strip Cardboard Packaging and Others) and Region.
On the basis of geography, the market of Recycled Materials Packaging Solutions has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-Users, the sub-segment i.e. Food will boost the Recycled Materials Packaging Solutions market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Cardboard will boost the Recycled Materials Packaging Solutions market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The growing Adoption rate of Sustainable Solutions
Market Growth Drivers:
Rising Demand for Recycled Materials Packaging Solutions and Increasing Preference towards Reusable Packaging Solutions
Challenges:
Regulatory Guidelines Regarding Recycling Processes
Restraints:
Lack of Infrastructure Facilities for Recycling
Opportunities:
Introduction of Eco-friendly Packaging Solutions can create Opportunities for the Recycled Materials Packaging Solutions
Market Leaders and their expansionary development strategies
On 3rd September 2020, BASF and BillerudKorsnas collaborate to develop unique home-compostable paper laminate for flexible packaging. It is used to produce wraps with separately adjusted barrier properties for cookie wrapping, fish and meat wrapping, etc.
On 1st March 2021, BASF presents an insight into projects and innovations for the entire life cycle of packaging products at virtual events from manufacturing to their use of recycling options.
Key Target Audience
Recycled Materials Packaging Solutions Manufacturers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.