The global PCR plastic packaging market size was estimated to be around US$ 17.6 billion in 2022. It is projected to reach US$ 47.55 billion by 2032, indicating a CAGR of 10.5% from 2023 to 2032.
Key Takeaways
- North America held the largest share of the market at 36% in 2022.
- Asia Pacific is observed to witness the rapid pace of expansion during the forecast period.
- By Material, the PET segment held the dominating share of 33% in 2022.
- By Material, the PVC segment is expected to witness growth at a significant CAGR during the projected timeframe.
- By Product, the bottle segment held the largest share of 42% in 2022.
- By Product, the pouches segment is anticipated to grow at the fastest rate over the projected period.
- By End-user, in 2022, the food and beverages segment held the largest share of 57% in the PCR plastic packaging market.
- By End-user, the cosmetic segment is expected to witness growth at a significant CAGR during the projected timeframe.
The PCR (Post-Consumer Recycled) plastic packaging market has witnessed significant growth in recent years as sustainability has become a central focus in the packaging industry. PCR plastic packaging involves the use of recycled materials, typically obtained from post-consumer waste, to create packaging solutions for various products. This approach addresses environmental concerns by reducing the reliance on virgin plastics and minimizing the overall carbon footprint of packaging production.
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Growth Factors
One of the primary drivers contributing to the growth of the PCR plastic packaging market is the increasing awareness and demand for sustainable packaging solutions. Consumers, as well as businesses, are actively seeking eco-friendly alternatives to traditional packaging materials. The rise in environmental consciousness has led to a surge in the adoption of PCR plastic packaging by industries ranging from food and beverage to cosmetics and personal care.
Government regulations and initiatives promoting the use of recycled materials further propel the market’s expansion. Many countries are implementing policies and standards that encourage or mandate the incorporation of recycled content in packaging. This not only aligns with global sustainability goals but also incentivizes businesses to invest in PCR plastic packaging solutions.
Technological advancements in recycling processes have played a crucial role in boosting the availability and quality of PCR plastics. Improved recycling technologies enable the conversion of post-consumer plastic waste into high-quality recycled materials suitable for packaging applications. This has addressed previous concerns about the consistency and performance of recycled plastics, making them more appealing to manufacturers and consumers alike.
Collaborations and partnerships across the supply chain have also contributed to the growth of the PCR plastic packaging market. Businesses are increasingly working together to establish closed-loop systems, where packaging materials are collected, recycled, and reintroduced into the production cycle. Such collaborations enhance the efficiency and sustainability of PCR plastic packaging, fostering its widespread adoption across different industries.
PCR Plastic Packaging Market Scope
| Report Coverage | Details |
| Growth Rate from 2023 to 2032 | CAGR of 10.5% |
| Market Size in 2023 | USD 19.36 Billion |
| Market Size by 2032 | USD 47.55 Billion |
| Largest Market | North America |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Material, By Product, and By End User |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
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Regional Snapshot
In 2022, North America claimed the largest revenue share at 36%. The PCR (Post-Consumer Recycled) plastic packaging market in this region is undergoing significant changes. There’s a noticeable increase in demand for eco-friendly packaging solutions due to heightened environmental consciousness and sustainability concerns. Both consumers and businesses are actively seeking products crafted from recycled plastics. Regulatory measures aimed at curbing plastic waste and promoting recycling are also influencing the market. Notably, North America is witnessing innovations in the design and materials of PCR plastic packaging, showcasing a strong commitment to environmentally responsible packaging solutions. These trends highlight a growing emphasis on sustainability in the North American packaging industry.
Meanwhile, Asia Pacific is anticipated to experience the most rapid expansion. In this region, the PCR plastic packaging market is witnessing noteworthy trends driven by environmental awareness and government initiatives. The demand for sustainable packaging solutions is on the rise, with consumers showing a preference for brands utilizing PCR plastics. The surge in e-commerce activities in the region is further boosting the need for eco-friendly packaging. Collaborations between manufacturers and recyclers, coupled with advancements in PCR technology, contribute to the market’s growth. As Asia Pacific economies continue to grow, sustainable packaging practices remain a top priority for both consumers and industries.
Material
The PCR Plastic Packaging Market comprises various recycled materials, each serving distinct purposes in the packaging industry. Common materials include PET (Polyethylene Terephthalate), HDPE (High-Density Polyethylene), LDPE (Low-Density Polyethylene), and others. These materials undergo recycling processes to create sustainable packaging solutions that align with environmental goals.
Product
The diversity of PCR plastic packaging is evident in its product segmentation. This encompasses a range of packaging types, such as bottles, containers, bags, films, and more. The adaptability of PCR plastics allows for the creation of versatile packaging solutions suitable for different industries. From beverage bottles to food containers, PCR plastic products cater to a wide array of packaging needs.
End User
The end-user segmentation further refines the market based on the industries that adopt PCR plastic packaging. Key sectors include food and beverage, personal care, pharmaceuticals, and others. PCR plastics are increasingly favored in these industries due to their eco-friendly profile, responding to the rising consumer demand for sustainable packaging options. As regulatory pressures and environmental awareness grow, end-users are driving the adoption of PCR plastic packaging across various sectors.
Recent Developments
- In 2022, the Design4Circularity initiative, comprising Clariant, Siegwerk, Borealis, and Beiersdorf, has successfully created a transparent personal care bottle crafted entirely from 100% post-consumer recyclate (PCR). This innovative bottle design incorporates a printed drinkable full body shrink sleeve for distinctive branding and product differentiation. This collaborative effort within the personal care industry is focused on crafting circular packaging solutions that meticulously consider every stage of the development process. The primary objectives of this initiative are to advance sustainable packaging by reducing plastic waste, minimizing the reliance on virgin plastic materials, and mitigating the environmental impact associated with plastic production.
- In 2022, Cascades, the prominent paper products and packaging company headquartered in Canada, introduced a range of packaging solutions that are entirely composed of post-consumer recycled (PCR) materials. Among their innovations is a 100% recycled PET (RPET) food tray, designed with ingenuity to seamlessly integrate with the existing packaging equipment used by food processors and retailers. Cascades proudly shared that they have committed substantial resources, investing more than USD 23 million, in the development of these 100% RPET packaging solutions.
Reasons to Purchase this Report:
- Comprehensive market segmentation analysis incorporating qualitative and quantitative research, considering the impact of economic and policy factors.
- In-depth regional and country-level analysis, examining the demand and supply dynamics that influence market growth.
- Market size in USD million and volume in million units provided for each segment and sub-segment.
- Detailed competitive landscape, including market share of major players, recent projects, and strategies implemented over the past five years.
- Comprehensive company profiles encompassing product offerings, key financial information, recent developments, SWOT analysis, and employed strategies by major market players.
PCR Plastic Packaging Market Players
- Berry Global Group, Inc.
- Amcor Limited
- Plastipak Holdings, Inc.
- Sealed Air Corporation
- Mondi Group
- Sonoco Products Company
- Huhtamäki Oyj
- DS Smith Plc
- Winpak Ltd.
- Silgan Holdings Inc.
- Coveris Holdings S.A.
- Printpack, Inc.
- Greif, Inc.
- Constantia Flexibles Group GmbH
- ProAmpac Holdings, Inc.
Segments Covered in the Report
By Material
- PET
- PE
- PVC
- PP
- PS
By Product
- Bottles
- Trays
- Pouches
By End User
- Food, Beverage
- Healthcare
- Cosmetics
- Industrial
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on PCR Plastic Packaging Market Market
5.1. COVID-19 Landscape: PCR Plastic Packaging Market Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global PCR Plastic Packaging Market Market, By Material
8.1. PCR Plastic Packaging Market Market Revenue and Volume, by Material, 2023-2032
8.1.1 PET
8.1.1.1. Market Revenue and Volume Forecast (2020-2032)
8.1.2. PE
8.1.2.1. Market Revenue and Volume Forecast (2020-2032)
8.1.3. PVC
8.1.3.1. Market Revenue and Volume Forecast (2020-2032)
8.1.4. PP
8.1.4.1. Market Revenue and Volume Forecast (2020-2032)
8.1.5. PS
8.1.5.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 9. Global PCR Plastic Packaging Market Market, By Product
9.1. PCR Plastic Packaging Market Market Revenue and Volume, by Product, 2023-2032
9.1.1. Bottles
9.1.1.1. Market Revenue and Volume Forecast (2020-2032)
9.1.2. Trays
9.1.2.1. Market Revenue and Volume Forecast (2020-2032)
9.1.3. Pouches
9.1.3.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 10. Global PCR Plastic Packaging Market Market, By End User
10.1. PCR Plastic Packaging Market Market Revenue and Volume, by End User, 2023-2032
10.1.1. Food, Beverage
10.1.1.1. Market Revenue and Volume Forecast (2020-2032)
10.1.2. Healthcare
10.1.2.1. Market Revenue and Volume Forecast (2020-2032)
10.1.3. Cosmetics
10.1.3.1. Market Revenue and Volume Forecast (2020-2032)
10.1.4. Industrial
10.1.4.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 11. Global PCR Plastic Packaging Market Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Volume Forecast, by Material (2020-2032)
11.1.2. Market Revenue and Volume Forecast, by Product (2020-2032)
11.1.3. Market Revenue and Volume Forecast, by End User (2020-2032)
11.1.4. U.S.
11.1.4.1. Market Revenue and Volume Forecast, by Material (2020-2032)
11.1.4.2. Market Revenue and Volume Forecast, by Product (2020-2032)
11.1.4.3. Market Revenue and Volume Forecast, by End User (2020-2032)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Volume Forecast, by Material (2020-2032)
11.1.5.2. Market Revenue and Volume Forecast, by Product (2020-2032)
11.1.5.3. Market Revenue and Volume Forecast, by End User (2020-2032)
11.2. Europe
11.2.1. Market Revenue and Volume Forecast, by Material (2020-2032)
11.2.2. Market Revenue and Volume Forecast, by Product (2020-2032)
11.2.3. Market Revenue and Volume Forecast, by End User (2020-2032)
11.2.4. UK
11.2.4.1. Market Revenue and Volume Forecast, by Material (2020-2032)
11.2.4.2. Market Revenue and Volume Forecast, by Product (2020-2032)
11.2.4.3. Market Revenue and Volume Forecast, by End User (2020-2032)
11.2.5. Germany
11.2.5.1. Market Revenue and Volume Forecast, by Material (2020-2032)
11.2.5.2. Market Revenue and Volume Forecast, by Product (2020-2032)
11.2.5.3. Market Revenue and Volume Forecast, by End User (2020-2032)
11.2.6. France
11.2.6.1. Market Revenue and Volume Forecast, by Material (2020-2032)
11.2.6.2. Market Revenue and Volume Forecast, by Product (2020-2032)
11.2.6.3. Market Revenue and Volume Forecast, by End User (2020-2032)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Volume Forecast, by Material (2020-2032)
11.2.7.2. Market Revenue and Volume Forecast, by Product (2020-2032)
11.2.7.3. Market Revenue and Volume Forecast, by End User (2020-2032)
11.3. APAC
11.3.1. Market Revenue and Volume Forecast, by Material (2020-2032)
11.3.2. Market Revenue and Volume Forecast, by Product (2020-2032)
11.3.3. Market Revenue and Volume Forecast, by End User (2020-2032)
11.3.4. India
11.3.4.1. Market Revenue and Volume Forecast, by Material (2020-2032)
11.3.4.2. Market Revenue and Volume Forecast, by Product (2020-2032)
11.3.4.3. Market Revenue and Volume Forecast, by End User (2020-2032)
11.3.5. China
11.3.5.1. Market Revenue and Volume Forecast, by Material (2020-2032)
11.3.5.2. Market Revenue and Volume Forecast, by Product (2020-2032)
11.3.5.3. Market Revenue and Volume Forecast, by End User (2020-2032)
11.3.6. Japan
11.3.6.1. Market Revenue and Volume Forecast, by Material (2020-2032)
11.3.6.2. Market Revenue and Volume Forecast, by Product (2020-2032)
11.3.6.3. Market Revenue and Volume Forecast, by End User (2020-2032)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Volume Forecast, by Material (2020-2032)
11.3.7.2. Market Revenue and Volume Forecast, by Product (2020-2032)
11.3.7.3. Market Revenue and Volume Forecast, by End User (2020-2032)
11.4. MEA
11.4.1. Market Revenue and Volume Forecast, by Material (2020-2032)
11.4.2. Market Revenue and Volume Forecast, by Product (2020-2032)
11.4.3. Market Revenue and Volume Forecast, by End User (2020-2032)
11.4.4. GCC
11.4.4.1. Market Revenue and Volume Forecast, by Material (2020-2032)
11.4.4.2. Market Revenue and Volume Forecast, by Product (2020-2032)
11.4.4.3. Market Revenue and Volume Forecast, by End User (2020-2032)
11.4.5. North Africa
11.4.5.1. Market Revenue and Volume Forecast, by Material (2020-2032)
11.4.5.2. Market Revenue and Volume Forecast, by Product (2020-2032)
11.4.5.3. Market Revenue and Volume Forecast, by End User (2020-2032)
11.4.6. South Africa
11.4.6.1. Market Revenue and Volume Forecast, by Material (2020-2032)
11.4.6.2. Market Revenue and Volume Forecast, by Product (2020-2032)
11.4.6.3. Market Revenue and Volume Forecast, by End User (2020-2032)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Volume Forecast, by Material (2020-2032)
11.4.7.2. Market Revenue and Volume Forecast, by Product (2020-2032)
11.4.7.3. Market Revenue and Volume Forecast, by End User (2020-2032)
11.5. Latin America
11.5.1. Market Revenue and Volume Forecast, by Material (2020-2032)
11.5.2. Market Revenue and Volume Forecast, by Product (2020-2032)
11.5.3. Market Revenue and Volume Forecast, by End User (2020-2032)
11.5.4. Brazil
11.5.4.1. Market Revenue and Volume Forecast, by Material (2020-2032)
11.5.4.2. Market Revenue and Volume Forecast, by Product (2020-2032)
11.5.4.3. Market Revenue and Volume Forecast, by End User (2020-2032)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Volume Forecast, by Material (2020-2032)
11.5.5.2. Market Revenue and Volume Forecast, by Product (2020-2032)
11.5.5.3. Market Revenue and Volume Forecast, by End User (2020-2032)
Chapter 12. Company Profiles
12.1. Berry Global Group, Inc.
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Amcor Limited
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Plastipak Holdings, Inc.
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Sealed Air Corporation
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Mondi Group
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Sonoco Products Company
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. Huhtamäki Oyj
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. DS Smith Plc
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Winpak Ltd.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Silgan Holdings Inc.
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
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