The Recyclable Packaging Market size was USD 9.75 billion in 2023 and is expected to Reach USD 14.24 billion by 2031 and grow at a CAGR of 4.85 % over the forecast period of 2024-2031.
Recyclable packaging solutions are made from environmentally friendly and sustainable materials including paper, bioplastics and other materials to reduce the carbon footprint and landfill waste generated by traditional packaging solutions such as Sustainable plastic packaging. It is These sustainable solutions are inherently biodegradable and do not end up in landfills. The market demand continues to grow as environmental concerns are growing among businesses and consumers.
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The eco-friendly packaging industry is further classified into types of recycled content packaging, reusable packaging and degradable packaging according to the type of packaging. These packaging solutions are gaining popularity in the market due to advantageous characteristics such as ease of use and cost-effectiveness. The packaging uses materials such as paper, plastic, glass and metal and contains recycled content. Packaging made from recycled plastic is often used in the food and beverage, personal care and other industries in the form of bags and bottles.
Consumer awareness and demand for eco-friendly or sustainable packaging solutions is one of the major driving factors driving the recyclable packaging market. As consumers become more environmentally conscious, they are increasingly looking for products that are packaged in easily recyclable materials or made from recycled materials. Manufacturers are also looking for new and innovative ways to design and manufacture sustainable packaging solutions that are not only environmentally friendly but also cost effective.
Government initiatives to reduce waste and promote recycling have also helped drive the growth of the recyclable packaging market. Many countries around the world have implemented policies to use sustainable packaging materials. Overall consumer demand for eco-friendly products is increasing and is expected to drive the market during the forecast period.
KEY DRIVERS:
Increasing demand from household and FMCG sectors
The significant expansion of recycled consumer goods with recyclable materials such as cardboard, glass and metal continue to hold great potential for the recycled packaging market. In the United States, it is estimated that only about 25% of packaging material in industries such as organic food and beverages is recovered through plastic packaging, whereas in Europe this percentage is only significantly higher at 38%. However, the recycling rate of metal, glass, and cardboard, which are typical recycled materials, is still over 75%.
Demand for food and beverages in the Asia-Pacific region remains at record highs, and this trend is expected to lead to significant expansion into new markets. Asia-Pacific demand continues to outpace that of Europe and North America, energizing industries in the region for expansion. Globally, over 35% of plastic products still end up in landfills and 25% are destined for incineration. The recycled packaging market is expected to grow due to increasing environmental awareness, electronic impact commerce in packaging, and the availability of alternatives.
Growing concern for the environment and demand for environmentally friendly packaging.
RESTRAIN:
The high costs of recycling
Recycling is a process involving infrastructure, which also entails high expenditure as well as labor and technology know-how. Recycling packaging items can be more efficient in terms of energy and other resources if they are supported by a sound design program and appropriate technology.
OPPORTUNITY:
Increasing the e-commerce sector by providing growth opportunities
Throughout the projection period, all contributing factors to the recycling packaging market will be increasing e-commerce growth, an extension of technology aimed at supporting recycling legislation, substantial cost savings and increases in consumer demand for online shopping.
Enhancing knowledge on the importance of recycled packaging.
CHALLENGES:
Change in Market dynamics and consumer preferences.
Due to the war, major companies involved in this business started suffering with the losses. For example, Mondi in the year 2022 had loss of USD $ 74.5 million due to less sales. Many other companies have same effect on their businesses. Prices of raw materials increased due to the conflict affecting the overall business growth. The price of paper was worth INR 70,000 a tonne when the war broke out this year, which has more than doubled to INR 1,00,000 since then. Compared to the $3,224 monthly average of the same year in February, the aluminium price on the LME London Metals Exchange with the three-month contract reached a record high of $4,000 a ton in early March 2022, compared to the $3,224 monthly average of the same year in February.
During a recession, organizations and supply chains shift their focus to more pressing issues such as maintaining cash flow and cutting costs to ensure financial health. Investing in sustainable supply chain initiatives can become more difficult.
There is huge drop in sales during recession period which causes damage to the overall market. There was a drop of 3-4% in sales in the year 2022, for personal care & cosmetic brands. This was due to less consumer spendings on this brand during recession period.
Overall, according to the world packaging organization in the year 2022, there was growth of recyclable packaging use by 12%, due to industries acceptance for recyclable products. From September until the end of December, market insiders claim that export prices grew by around EUR 40 a tonne to reach an average price gap between national and export prices which was over EUR 50 a tonne.
By Packaging Material
Paper
Glass
Plastic
Wood
Aluminium
Recycled Papers
Tinplate
Others
By Packaging Type
Paper & Cardboard
Void Fill Packaging
Pouches & Envelopes
By End Use
Food & Beverages
Healthcare Industry
Personal Care & Cosmetics
Others
Asia Pacific accounts for the largest share of the recyclable packaging market. This is due to the region's large population, growing environmental awareness and government regulations encouraging the use of sustainable packaging. The Asia-Pacific recyclable packaging market is expected to continue growing owing to increasing demand for eco-friendly packaging solutions and the shift towards a circular economy.
The European recyclable packaging market has the third largest market share. The region's market for recycled packaging has been growing as a result of strict environmental regulations and policies adopted by Europe. The European Union has set goals to increase the use of recyclable materials in packaging, reduce waste and promote sustainable production and consumption. These guidelines encourage companies to adopt more environmentally friendly packaging methods. Consumers are also becoming more aware of the importance of reducing waste and choosing environmentally friendly products. Therefore, there is a growing demand for recyclable packaging materials in Europe.
The North American region is expected to grow at the fastest CAGR. Factors driving the growth of this region include increasing demand for eco-friendly packaging solutions, increasing consumer awareness of environmental issues, and government initiatives to promote sustainable packaging solutions. Additionally, many companies are adopting sustainable practices and incorporating recyclable packaging into their supply chains, which is driving the growth of the market.
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REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Key players
Some major key players in the Recyclable Packaging market are Amcor, Be Green Packaging, Nampak, Sealed Air, Mondi, DS Smith, Evergreen Packaging, Tetra Laval, Ball Corp, International Paper and other players.
The Fodilicious range of Cookie Buttons has been relaunched with new recipes and recyclable packaging.
Across its rice, grain and pulses ranges, Marks & Spencer has introduced new recyclable packaging.
ProActive Recyclable Paper 1000, the latest addition in the PROACTIVE RECYCLATIONTM product line, has been launched by ProAmpac.
| Report Attributes | Details |
| Market Size in 2023 | US$ 9.75 Bn |
| Market Size by 2031 | US$ 14.24 Bn |
| CAGR | CAGR of 4.85% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Packaging Material (Paper, Glass, Plastic, Wood, Aluminium, Recycled Papers, Tinplate, Others) • By Packaging Type (Paper & Cardboard, Void Fill Packaging, Bubble Wrap, Pouches & Envelopes) • By End Use (Food & Beverages, Healthcare Industry, Personal Care & Cosmetics, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Amcor, Be Green Packaging, Nampak, Sealed Air, Mondi, DS Smith, Evergreen Packaging, Tetra Laval, Ball Corp, International Paper |
| Key Drivers | • Increasing demand from household and FMCG sectors • Growing concern for the environment and demand for environmentally friendly packaging. |
| Market Restraints | • The high costs of recycling |
Ans: The Recyclable Packaging Market is expected to grow at a CAGR of 4.85 %.
Ans: The Recyclable Packaging Market size was USD 9.75 billion in 2023 and is expected to Reach USD 14.24 billion by 2031.
Ans: Plastic segment dominated the market.
Ans: The high costs of recycling is restrain for this market.
Ans: Asia Pacific region is holding largest market share.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Russia-Ukraine war
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on major economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
4.3 Supply Demand Gap Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Recyclable Packaging Market Segmentation By Packaging Material
8.1 Paper
8.2 Glass
8.3 Plastic
8.4 Wood
8.5 Aluminium
8.6 Recycled Papers
8.7 Tinplate
8.8 Others
9. Recyclable Packaging Market Segmentation By Packaging Type
9.1 Paper & Cardboard
9.2 Void Fill Packaging
9.3 Bubble Wrap
9.4 Pouches & Envelopes
10. Recyclable Packaging Market Segmentation By End Use
10.1 Food & Beverages
10.2 Healthcare Industry
10.3 Personal Care & Cosmetics
10.4 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Recyclable Packaging Market by Country
11.2.2North America Recyclable Packaging Market by Packaging Material
11.2.3 North America Recyclable Packaging Market by Packaging Type
11.2.4 North America Recyclable Packaging Market by End Use
11.2.5 USA
11.2.5.1 USA Recyclable Packaging Market by Packaging Material
11.2.5.2 USA Recyclable Packaging Market by Packaging Type
11.2.5.3 USA Recyclable Packaging Market by End Use
11.2.6 Canada
11.2.6.1 Canada Recyclable Packaging Market by Packaging Material
11.2.6.2 Canada Recyclable Packaging Market by Packaging Type
11.2.6.3 Canada Recyclable Packaging Market by End Use
11.2.7 Mexico
11.2.7.1 Mexico Recyclable Packaging Market by Packaging Material
11.2.7.2 Mexico Recyclable Packaging Market by Packaging Type
11.2.7.3 Mexico Recyclable Packaging Market by End Use
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Recyclable Packaging Market by Country
11.3.1.2 Eastern Europe Recyclable Packaging Market by Packaging Material
11.3.1.3 Eastern Europe Recyclable Packaging Market by Packaging Type
11.3.1.4 Eastern Europe Recyclable Packaging Market by End Use
11.3.1.5 Poland
11.3.1.5.1 Poland Recyclable Packaging Market by Packaging Material
11.3.1.5.2 Poland Recyclable Packaging Market by Packaging Type
11.3.1.5.3 Poland Recyclable Packaging Market by End Use
11.3.1.6 Romania
11.3.1.6.1 Romania Recyclable Packaging Market by Packaging Material
11.3.1.6.2 Romania Recyclable Packaging Market by Packaging Type
11.3.1.6.4 Romania Recyclable Packaging Market by End Use
11.3.1.7 Turkey
11.3.1.7.1 Turkey Recyclable Packaging Market by Packaging Material
11.3.1.7.2 Turkey Recyclable Packaging Market by Packaging Type
11.3.1.7.3 Turkey Recyclable Packaging Market by End Use
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Recyclable Packaging Market by Packaging Material
11.3.1.8.2 Rest of Eastern Europe Recyclable Packaging Market by Packaging Type
11.3.1.8.3 Rest of Eastern Europe Recyclable Packaging Market by End Use
11.3.2 Western Europe
11.3.2.1 Western Europe Recyclable Packaging Market by Country
11.3.2.2 Western Europe Recyclable Packaging Market by Packaging Material
11.3.2.3 Western Europe Recyclable Packaging Market by Packaging Type
11.3.2.4 Western Europe Recyclable Packaging Market by End Use
11.3.2.5 Germany
11.3.2.5.1 Germany Recyclable Packaging Market by Packaging Material
11.3.2.5.2 Germany Recyclable Packaging Market by Packaging Type
11.3.2.5.3 Germany Recyclable Packaging Market by End Use
11.3.2.6 France
11.3.2.6.1 France Recyclable Packaging Market by Packaging Material
11.3.2.6.2 France Recyclable Packaging Market by Packaging Type
11.3.2.6.3 France Recyclable Packaging Market by End Use
11.3.2.7 UK
11.3.2.7.1 UK Recyclable Packaging Market by Packaging Material
11.3.2.7.2 UK Recyclable Packaging Market by Packaging Type
11.3.2.7.3 UK Recyclable Packaging Market by End Use
11.3.2.8 Italy
11.3.2.8.1 Italy Recyclable Packaging Market by Packaging Material
11.3.2.8.2 Italy Recyclable Packaging Market by Packaging Type
11.3.2.8.3 Italy Recyclable Packaging Market by End Use
11.3.2.9 Spain
11.3.2.9.1 Spain Recyclable Packaging Market by Packaging Material
11.3.2.9.2 Spain Recyclable Packaging Market by Packaging Type
11.3.2.9.3 Spain Recyclable Packaging Market by End Use
11.3.2.10 Netherlands
11.3.2.10.1 Netherlands Recyclable Packaging Market by Packaging Material
11.3.2.10.2 Netherlands Recyclable Packaging Market by Packaging Type
11.3.2.10.3 Netherlands Recyclable Packaging Market by End Use
11.3.2.11 Switzerland
11.3.2.11.1 Switzerland Recyclable Packaging Market by Packaging Material
11.3.2.11.2 Switzerland Recyclable Packaging Market by Packaging Type
11.3.2.11.3 Switzerland Recyclable Packaging Market by End Use
11.3.2.1.12 Austria
11.3.2.12.1 Austria Recyclable Packaging Market by Packaging Material
11.3.2.12.2 Austria Recyclable Packaging Market by Packaging Type
11.3.2.12.3 Austria Recyclable Packaging Market by End Use
11.3.2.13 Rest of Western Europe
11.3.2.13.1 Rest of Western Europe Recyclable Packaging Market by Packaging Material
11.3.2.13.2 Rest of Western Europe Recyclable Packaging Market by Packaging Type
11.3.2.13.3 Rest of Western Europe Recyclable Packaging Market by End Use
11.4 Asia-Pacific
11.4.1 Asia-Pacific Recyclable Packaging Market by country
11.4.2 Asia-Pacific Recyclable Packaging Market by Packaging Material
11.4.3 Asia-Pacific Recyclable Packaging Market by Packaging Type
11.4.4 Asia-Pacific Recyclable Packaging Market by End Use
11.4.5 China
11.4.5.1 China Recyclable Packaging Market by Packaging Material
11.4.5.2 China Recyclable Packaging Market by Packaging Type
11.4.5.3 China Recyclable Packaging Market by End Use
11.4.6 India
11.4.6.1 India Recyclable Packaging Market by Packaging Material
11.4.6.2 India Recyclable Packaging Market by Packaging Type
11.4.6.3 India Recyclable Packaging Market by End Use
11.4.7 Japan
11.4.7.1 Japan Recyclable Packaging Market by Packaging Material
11.4.7.2 Japan Recyclable Packaging Market by Packaging Type
11.4.7.3 Japan Recyclable Packaging Market by End Use
11.4.8 South Korea
11.4.8.1 South Korea Recyclable Packaging Market by Packaging Material
11.4.8.2 South Korea Recyclable Packaging Market by Packaging Type
11.4.8.3 South Korea Recyclable Packaging Market by End Use
11.4.9 Vietnam
11.4.9.1 Vietnam Recyclable Packaging Market by Packaging Material
11.4.9.2 Vietnam Recyclable Packaging Market by Packaging Type
11.4.9.3 Vietnam Recyclable Packaging Market by End Use
11.4.10 Singapore
11.4.10.1 Singapore Recyclable Packaging Market by Packaging Material
11.4.10.2 Singapore Recyclable Packaging Market by Packaging Type
11.4.10.3 Singapore Recyclable Packaging Market by End Use
11.4.11 Australia
11.4.11.1 Australia Recyclable Packaging Market by Packaging Material
11.4.11.2 Australia Recyclable Packaging Market by Packaging Type
11.4.11.3 Australia Recyclable Packaging Market by End Use
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Recyclable Packaging Market by Packaging Material
11.4.12.2 Rest of Asia-Pacific Recyclable Packaging Market by Packaging Type
11.4.12.3 Rest of Asia-Pacific Recyclable Packaging Market by End Use
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Recyclable Packaging Market by Country
11.5.1.2 Middle East Recyclable Packaging Market by Packaging Material
11.5.1.3 Middle East Recyclable Packaging Market by Packaging Type
11.5.1.4 Middle East Recyclable Packaging Market by End Use
11.5.1.5 UAE
11.5.1.5.1 UAE Recyclable Packaging Market by Packaging Material
11.5.1.5.2 UAE Recyclable Packaging Market by Packaging Type
11.5.1.5.3 UAE Recyclable Packaging Market by End Use
11.5.1.6 Egypt
11.5.1.6.1 Egypt Recyclable Packaging Market by Packaging Material
11.5.1.6.2 Egypt Recyclable Packaging Market by Packaging Type
11.5.1.6.3 Egypt Recyclable Packaging Market by End Use
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Recyclable Packaging Market by Packaging Material
11.5.1.7.2 Saudi Arabia Recyclable Packaging Market by Packaging Type
11.5.1.7.3 Saudi Arabia Recyclable Packaging Market by End Use
11.5.1.8 Qatar
11.5.1.8.1 Qatar Recyclable Packaging Market by Packaging Material
11.5.1.8.2 Qatar Recyclable Packaging Market by Packaging Type
11.5.1.8.3 Qatar Recyclable Packaging Market by End Use
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Recyclable Packaging Market by Packaging Material
11.5.1.9.2 Rest of Middle East Recyclable Packaging Market by Packaging Type
11.5.1.9.3 Rest of Middle East Recyclable Packaging Market by End Use
11.5.2 Africa
11.5.2.1 Africa Recyclable Packaging Market by Country
11.5.2.2 Africa Recyclable Packaging Market by Packaging Material
11.5.2.3 Africa Recyclable Packaging Market by Packaging Type
11.5.2.4 Africa Recyclable Packaging Market by End Use
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Recyclable Packaging Market by Packaging Material
11.5.2.5.2 Nigeria Recyclable Packaging Market by Packaging Type
11.5.2.5.3 Nigeria Recyclable Packaging Market by End Use
11.5.2.6 South Africa
11.5.2.6.1 South Africa Recyclable Packaging Market by Packaging Material
11.5.2.6.2 South Africa Recyclable Packaging Market by Packaging Type
11.5.2.6.3 South Africa Recyclable Packaging Market by End Use
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Recyclable Packaging Market by Packaging Material
11.5.2.7.2 Rest of Africa Recyclable Packaging Market by Packaging Type
11.5.2.7.3 Rest of Africa Recyclable Packaging Market by End Use
11.6 Latin America
11.6.1 Latin America Recyclable Packaging Market by country
11.6.2 Latin America Recyclable Packaging Market by Packaging Material
11.6.3 Latin America Recyclable Packaging Market by Packaging Type
11.6.4 Latin America Recyclable Packaging Market by End Use
11.6.5 Brazil
11.6.5.1 Brazil America Recyclable Packaging by Packaging Material
11.6.5.2 Brazil America Recyclable Packaging by Packaging Type
11.6.5.3 Brazil America Recyclable Packaging by End Use
11.6.6 Argentina
11.6.6.1 Argentina America Recyclable Packaging by Packaging Material
11.6.6.2 Argentina America Recyclable Packaging by Packaging Type
11.6.6.3 Argentina America Recyclable Packaging by End Use
11.6.7 Colombia
11.6.7.1 Colombia America Recyclable Packaging by Packaging Material
11.6.7.2 Colombia America Recyclable Packaging by Packaging Type
11.6.7.3 Colombia America Recyclable Packaging by End Use
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Recyclable Packaging by Packaging Material
11.6.8.2 Rest of Latin America Recyclable Packaging by Packaging Type
11.6.8.3 Rest of Latin America Recyclable Packaging by End Use
12 Company profile
12.1 Amcor
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Be Green Packaging
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Product/Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 Nampak
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Product/Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Sealed Air
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Product/Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Mondi
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Product/Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 DS Smith
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Product/Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Evergreen Packaging
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Product/Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Tetra Laval
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Product/Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Ball Corp
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 International Paper
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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