Post-Consumer Recycled Plastic Packaging Market

The concept of post-consumer plastic packaging refers to packaging materials made from recycled plastics that have been previously used by consumers. The popularity has been on the rise on account of the growing global emphasis on sustainability, and the environmental impact of plastic waste. Companies are increasingly using post-consumer plastics to meet sustainability goals and reduce their carbon footprint.

The market for post-consumer recycled plastic packaging is presently around US$48 Bn in terms of revenue. By the end of 2030, the market valuation is projected to see more than 1.7x growth, demonstrating a promising 7% CAGR.

Companies are adopting various strategies such as redesigning their packaging to include recycled materials, collaborating with recycling partners, and promoting recycling and circular economy initiatives. Some of the participants are also focusing on augmenting their R&D investments for more innovative post-consumer packaging solutions.

Several drivers are influencing the market, including government regulations favouring recycling and sustainable practices, rising consumer awareness about environmental issues, and the willingness of businesses to adopt eco-friendly packaging to enhance their brand image.

Some of the trends in the global market for post-consumer recycled plastic packaging include a shift toward biodegradable and compostable packaging, the development of closed-loop recycling systems, and increased use of recyclable and reusable packaging options. Additionally, many companies are looking to reduce single-use plastics by adopting alternative materials and designs.