‘Recycled Packaging Market Worth Over $151 Billion In 2018’ Says Visiongain Report
03 August 2018
Visiongain’s new report Recycled Packaging Materials Market Report 2018-2028: Forecasts and Analysis By Type (Metal, Paper & Paperboard, Glass, Plastic), By End User (Food & Beverages, Personal Care, Healthcare, Others) & By Region Plus Analysis of Leading Companies indicates that the recycled packaging market will see over $151bn in revenue in 2018.
Re-using packaging helps in reducing the amount of raw materials used in manufacturing process, reduces the volume of waste ending up in landfills, helps in increasing the product life and saves the resources employed in recycling. However, it might take more energy to manufacture a container which is robust enough to withstand re-use than to produce an equivalent brand-new container. There are various other environmental impacts associated with re-use, such as washing, that should be considered. Using recycled materials such as glass, metals, plastics and paperboards for packaging will not only reduce the amount that may end up in landfills but also helps in reducing the carbon footprint of a packaged product. Manufacturers are highly engaged in using recycled materials in packaging products which is making consumers believe to be a positive approach by a brand or retailer.
Various packaging materials such as glass, aluminium, steel, paper and board have the ability to use a recycled option. It is also growing in other materials such as PET and HDPE. However, the quality, technical specifications and availability of re-usable materials is differentiated and therefore it is not possible to make generalizations across different materials used for recycled content. the manufacturers must ensure that the materials used in packaging of various products such as cosmetics, toiletries, food & beverages and pharmaceuticals must be, hygienic, fit for human consumption and should meet required health and safety standards.
Recycled packaging materials are generally termed as materials that have been previously used (either consumer or industrial) and then consequently recycled back into usable materials. However, considering the usage of scrap materials or post-industrial waste as recycling is a misleading statement made by most packaging material sectors.
The lead analyst of the report said:
“Recycling helps in reducing the amount of waste leading to huge landfills and conserving environment as a result of preserving biodiversity and preventing the depletion of natural resources. Recycled packaging materials are eco-friendly in nature thereby decreasing pollution, reducing the waste of natural resources in production and also helps in reducing the CO2 emissions related with the product. The increasing awareness regarding environmental benefits of using recycled packaging materials such as metal, glass, plastic, paper & paperboard coupled with various government initiatives regarding recycling are expected to fuel the market growth of recycled packaging materials market. All these initiatives are helping consumers making informed purchasing choices. For instance, the recycling logos on packaged products and classification codes with instructions is leading to less pollution and landfills thereby preserving the environment.”
The Recycled Packaging Materials Market Report 2018-2028: Forecasts and Analysis By Type (Metal, Paper & Paperboard, Glass, Plastic), By End User (Food & Beverages, Personal Care, Healthcare, Others) & By Region Plus Analysis of Leading Companies report will be of value to anyone who wants to better understand the recycled packaging market and its various segments. It will be useful for businesses who wish to better comprehend the part of the market they are already involved in, or those wishing to enter or expand into a different regional or technical part of the recycled packaging industry.
Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to email@example.com or call her on +44 (0) 207 336 6100
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-to-business conferences, newsletters, management reports and e-zines focusing on the automotive, chemical, cyber, defence, energy, aerosol, materials and telecoms sectors.
Visiongain publishes reports produced by its in-house analysts, who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.
Visiongain Publishes Paper Packaging Market Report 2023-2033
The global Paper Packaging market was valued at US$233.4 billion in 2022 and is projected to grow at a CAGR of 5.2% during the forecast period 2023-2033.
23 February 2023
Visiongain Publishes Clinical Trial Packaging and Labelling Market Report 2023-2033
The global Clinical Trial Packaging and Labelling was valued at US$697.47 million in 2022 and is projected to grow at a CAGR of 6.08% during the forecast period 2023-2033.
30 December 2022
Visiongain Publishes Industrial Packaging Market Report 2023-2033
The Industrial Packaging market was valued at US$8,087 million in 2022 and is projected to grow at a CAGR of 9.0% during the forecast period 2023-2033.
22 November 2022
Visiongain Publishes Post-Consumer Recycled Plastic Market Report 2023-2033
The global post-consumer recycled plastic market was valued at US$16,239 million in 2022 and is projected to grow at a CAGR of 9.4% during the forecast period 2023-2033.