Global Recycled Materials Packaging Market Analysis, Growth, Trends & Forecast 2018-2023 - ResearchAndMarkets.com
May. 17, 2018
DUBLIN--(BUSINESS WIRE)--May 17, 2018--The "Global Recycled Materials Packaging Market - Segmented by Material, Industry Vertical, and Region - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global recycled materials packaging solutions market was valued at USD 210.82 billion in 2017 and is expected to reach USD 253.87 million by 2023 at a CAGR of 3.06% over the forecast period 2018-2023.
World population has exceeded 7.2 billion, out of which, it is estimated 2.5 billion are millennials' (of the age 15-35), and unlike the other generations they actually share a deep concern about environmental issues. Majority of these consumers are skeptical about the corporate responsibility claims made and have brought an ethical consumer revolution demanding ethically produced goods.
Companies around the world are adopting sustainable packaging solutions, which include usage of biodegradable paper and recyclable paper. Both the markets are witnessing huge adoption owing to cleaner environment movements across the globe. However, recycling remains one of the major trends observed in the industry. Although paper products are biodegradable, the process has been identified to be inconsistent in landfills owing to the presence of external elements.
Stricter enforcement of regulations on food safety, clean production, hygienic packaging, together with modern Chinese consumers' sophisticated requirements and attitudes toward product packaging, has pressured large downstream clients to progressively implement advanced, innovative, environmental-friendly packaging solutions.
Companies MentionedAmcor Ltd. Be Green Packaging LLC Berkley International Packaging Biopac UK Ltd Evergreen Packaging LLC International Paper Kruger Inc. Mondi Group Ranpak Corp Smurfit Kappa Group Tetra Laval
Key Topics Covered:
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
5. Market Segmentation
6. Competitive Intelligence - Company Profiles
7. Investment Analysis
8. Future of the Market
For more information about this report visit https://www.researchandmarkets.com/research/hf3blp/global_recycled?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180517005606/en/
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Related Topics:Packaging,Recycling and Recycled Materials
INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS PACKAGING
SOURCE: Research and Markets
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PUB: 05/17/2018 06:47 AM/DISC: 05/17/2018 06:47 AM