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Recycled Plastic Packaging Market Share

Report ID: GMI11291
Published Date: Sep 2024
Report Format: PDF

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Recycled Plastic Packaging Market Share

Amcor plc and Berry Global, Inc. hold a significant share of over 20% in the market. Amcor plc and Berry Global, Inc. lead the market with their extensive portfolios of sustainable packaging solutions and significant investments in advanced recycling technologies. These industry leaders leverage their vast experience, global reach, and technological expertise to enhance recycling processes and meet the increasing demand for eco-friendly packaging.

Other key players such as Sealed Air Corporation and Indorama Ventures are also making notable strides by focusing on integrating recycled materials into their packaging products and developing new technologies to improve recycling efficiency. Companies like Nampak Limited and Graham Packaging Company, L.P. contribute to the market with their innovative approaches and commitment to sustainability. The competitive dynamics are shaped by continuous advancements in recycling technology, regulatory pressures, and a growing emphasis on reducing environmental impact, driving these major players to strengthen their market positions and expand their sustainability efforts.

Recycled Plastic Packaging Market Companies

Major players operating in the recycled plastic packaging industry are:

Amcor plc
Berry Global, Inc.
Sealed Air Corporation
Nampak Limited
Indorama Ventures
Placon Corporation Inc.
Graham Packaging Company, L.P.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of recycled plastic packaging reached USD 27.76 billion in 2023 and will expand at 10% CAGR between 2024 and 2032, owing to increasing environmental awareness and the growing demand for sustainable packaging solutions.

The PET (polyethylene terephthalate) segment held 37% share in 2023, fueled by its wide use in the food and beverage industry, particularly for bottles and containers.

Asia Pacific market accumulated 34% share in 2023, due to rising consumer awareness about environmental sustainability and strong government regulations promoting recycling.

Key players operating in the market are Amcor plc, Berry Global, Inc., Sealed Air Corporation, Nampak Limited, Indorama Ventures, Placon Corporation Inc., and Graham Packaging Company, L.P., among others.