Post-Consumer Recycled Plastic Packaging Market – Overview
Environment-friendly packaging products have become popular in the recent past as majority of players in the market are opting for more sustainable design. Products that are sold to customers in the market are sent to recycle facilities after completing their intended purpose. Post-consumer recycled packaging plastic is the grouping of plastic packaging materials in the recycling facilities. There are number of environmental advantages of using recycled materials and they are certainly opted by the corporates who wish to switch to a sustainable design policy. Growing demand for using recycled products to produce packaging material is also a factor responsible for the steady growth of post-consumer recycled plastic packaging market.
Advancements in the material sorting facilities in the key regions across the globe have contributed significantly to the development of the post-consumer recycled plastic packaging market. Newer technologies in producing post-consumer recycled products and materials are also utilized across the market. There are FDA regulations in practice for packaging food products across the globe that can cause some concern for corporates that have worldwide presence in the post-consumer recycled plastic packaging market. Moreover, the shortage in the supply of recycled plastic packaging products is also considered to be a significant restraining factor for the market growth. The recycled plastics produced in the material sorting plants are light weighted and eco-friendly and have properties such as strength and crack resistance. These factors are also responsible for fueling the growth of post-consumer recycled plastic packaging market.
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Eco-friendly packaging products are becoming quite popular nowadays as key players adapt to sustainable design. Products sold in consumer markets that have completed their life cycle after serving their intended purpose are dispatched to material recovery facilities. Plastic materials packaging products from recovery facilities contribute to the grouping of post-consumer recycled plastic packaging. A prominent material that is recycled is the PET (polyethylene terephthalate) plastic. Polyethylene terephthalate plastic is the most commonly accepted plastic as it is easily recyclable multiple times, therefore helping to promote post-consumer recycled plastic packaging market. There are many environmental benefits in using recycled products and they are definitely preferred by players wishing to switch to sustainable policymaking. The demand for packaging products to be made using recycled material is another factor responsible for the sustained growth in post-consumer recycled plastic packaging market.
Dynamics of Post-Consumer Recycled Plastic Packaging Market:
The improvements seen in material sorting infrastructure across strategic regions such as the U.S, Canada, and Western Europe contribute to the growth of post-consumer recycled plastic packaging market. The worldwide market for post-consumer recycled plastic packaging is witness to new material processing technologies in manufacturing post-consumer recycled materials and products. Recycled plastic is light weight in nature and this is another factor that fuels the growth of consumer recycled plastic packaging market. Recycled plastic possesses certain attributes such as crack-resistance and strength and it is also environmentally-friendly. However, the shortages in supply are anticipated to be the biggest restraint in consumer recycled plastic packaging market. The FDA regulations pertaining to food product packaging across different geographic regions can be a potential cause for concern for companies that have a global presence in the consumer recycled plastic packaging market. Key player are building new infrastructure for the purpose of mixed plastic segregation and collection to implement an adequate sorting mechanism. The selection process effectiveness plays a major role in the amount of material that can be recovered from the facilities.
Market Segmentation of Post-Consumer Recycled Plastic Packaging Market-
Post-consumer recycled plastic packaging market can be classified on the basis of end use, material type, process type, and product type. By product type, post-consumer recycled plastic packaging market is segmented into blister packs, cups, containers bags, bottles, and clamshells. Most recycled plastic packaging products are thermoformed and FDA approved products can even be safely used in cases where there is direct food contact. Based on material type, post-consumer recycled plastic packaging market can be divided into HDPE (high density polyethylene, PP (polypropylene), and PET (polyethylene terephthalate). PET plastic is forecast to be a large contributor on account of its processing technology ease and abundance. By process type, post-consumer recycled plastic packaging market is segmented into chemical process and mechanical process. With respect to end use, post-consumer recycled plastic packaging market is sub-segmented into personal care, electronics, home care beverage, and pharmaceuticals.
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Regional Outlook for Post-Consumer Recycled Plastic Packaging Market-:
Post-consumer recycled plastic packaging market has been studied in five key regions: Asia Pacific, Europe, Middle East and Africa, Latin America, and North America. The largest post-consumer recycled plastic packaging market is North America mainly because the U.S. and Canada have taken a number of steps to begin material sorting infrastructure within their countries. APAC is another critical region to look out for as it is poised to record substantial growth over the forecast period, largely on the shoulders of China and India.
Key Players in Post-Consumer Recycled Plastic Packaging Market:
Notable companies involved in the post-consumer recycled plastic packaging market are Eco-Products, Inc., Placon Corporation Inc., Amcor Rigid Plastics USA Inc., Inhaber Michael Mettler e.K., Alpha Packaging, Inc., Seventh Generation Inc., Tray-Pak Corporation, Papier-Mettler, and Genpak, LLC.
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