1. Growing environmental awareness among consumers and strict regulations promoting sustainable practices are driving the demand for recyclable packaging solutions in the market.
2. Increasing focus on reducing carbon footprint and adopting eco-friendly materials is further fueling the growth of the recyclable packaging market.
3. Rising demand for convenience and on-the-go food packaging solutions is also contributing to the growth of the market as recyclable packaging offers ease of use and disposal.
Industry
Report Coverage | Details |
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Segments Covered | Packaging Material Type, Type of Packaging, End-User Industry |
Regions Covered | • North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA) |
Company Profiled | Amcor, Tetra Laval, Ardagh Group SA, Ball, Elopak AS, Emerald Packaging, PlastiPak Holdings, Sealed Air, Uflex Limited, WestRock Company, Be Green Packaging, DS Smith, DuPont, Evergreen Packaging, Mondi, Bemis Company, Graham, International Paper, TIPA Corp, Nampak |
1. High initial investment and production costs associated with recyclable packaging solutions act as a major restraint for market growth.
2. Lack of infrastructure and technology advancements in recycling processes pose challenges in efficiently managing and recycling recyclable packaging materials, hindering market growth.