Global Recycled Packaging Material Market Overview:
Packaging Forms an Unavoidable Part of Everyday Life. It Protects Products, Preserves Them, Enhances Them, Displays Important Information, Acts as a Marketing Tool & Allows for Safe Transportation. Recycled Packaging Material is Specifically Designed for Extended Life & Multiple Use. They Can Be Reused Without Damaging Their Protective Property. Recyclable Packaging Reduces Operational Cost Thus Improving Efficiency & Minimizing Waste
Market Drivers
- Need for Reusable Materials for Lowering to the Waste Generated by Different Packaging Materials to Tackle Land & Water Pollution
- Supportive Government Policies Promoting the Usage of Recycled Packaging Materials
Market Trend
- Increase in the Research & Development Initiatives Promoting the Adoption & Usage of BioPlastics
Restraints
- Absence of Government Regulations Especially in Many Developing Countries on the Use of Non-Eco-Friendly Material
Opportunities
- There are Growing Prospects for Market Growth, Owing to the Rise in the Consumer Awareness about Contribution towards Saving the Environment by Using Recycled Packaging Material
- There is an Increased Opportunity for Market Growth, Due to the Demand of Environmental Friendly Products
Challenges
- Low Durability & Low Tensile Characteristic of the Recycled Packaging Material May Pose a Challenge
Competitive Landscape:
The Market for the Recycled Packaging Material is Fragmented With the Presence of Many Players. Leading Players Can Adopt Strategies Like a Merger, Acquisition, Expansion, New Product Launch, In Order to Gain Share Within the Market. Owing to Booming Industrialization & Urbanization, There are Growing Prospects for the New Players to Enter the Market
Some of the key players profiled in the report are Crown Holdings (United States), Mondi (Austria), The 3M Company (United States), Sealed Air Corporation (United States), The Smurfit Kappa Group plc (Ireland), WestRock (United States), DS Smith (United Kingdom), Graham Packaging Company (United States), Lacerta Group, Inc. (United States) and Ebro Color GmbH (Germany). Additionally, following companies can also be profiled that are part of our coverage like Salazar Packaging, Inc. (United States), Amcor (Australia), American Packaging Corporation, APP (Asia Pulp & Paper) and Avery Dennison Corporation (United States). Analyst at AdvanceMarketAnalytics see United States Vendors to retain maximum share of Global Recycled Packaging Material market by 2025. Considering Market by Sales Channel, the sub-segment i.e. Direct Sales will boost the Recycled Packaging Material market. Considering Market by Material, the sub-segment i.e. Papers will boost the Recycled Packaging Material market.
In April 2019, Amcor Launched Amlite Ultra Recyclable, its First Packaging Product Made From The Polyolefin Film That Can Be Utilized for Packaging a Wide Range of Food, Home & Personal Care, & Pharmaceutical Products & be Recycled in Existing Polyolefin Recycling Streams
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Recycled Packaging Material market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Recycled Packaging Material market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Recycled Packaging Material, Distributors, Traders, & Suppliers, Investors, Regulatory & Government Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.