Post-Consumer Recycled Plastic Packaging Market – Overview
Environment-friendly packaging products have become popular in the recent past as majority of players in the market are opting for more sustainable design. Products that are sold to customers in the market are sent to recycle facilities after completing their intended purpose. Post-consumer recycled packaging plastic is the grouping of plastic packaging materials in the recycling facilities. There are number of environmental advantages of using recycled materials and they are certainly opted by the corporates who wish to switch to a sustainable design policy. Growing demand for using recycled products to produce packaging material is also a factor responsible for the steady growth of post-consumer recycled plastic packaging market.
Advancements in the material sorting facilities in the key regions across the globe have contributed significantly to the development of the post-consumer recycled plastic packaging market. Newer technologies in producing post-consumer recycled products and materials are also utilized across the market. There are FDA regulations in practice for packaging food products across the globe that can cause some concern for corporates that have worldwide presence in the post-consumer recycled plastic packaging market. Moreover, the shortage in the supply of recycled plastic packaging products is also considered to be a significant restraining factor for the market growth. The recycled plastics produced in the material sorting plants are light weighted and eco-friendly and have properties such as strength and crack resistance. These factors are also responsible for fueling the growth of post-consumer recycled plastic packaging market.
Eco-friendly packaging products are becoming quite popular nowadays as key players adapt to sustainable design. Products sold in consumer markets that have completed their life cycle after serving their intended purpose are dispatched to material recovery facilities. Plastic materials packaging products from recovery facilities contribute to the grouping of post-consumer recycled plastic packaging. A prominent material that is recycled is the PET (polyethylene terephthalate) plastic. Polyethylene terephthalate plastic is the most commonly accepted plastic as it is easily recyclable multiple times, therefore helping to promote post-consumer recycled plastic packaging market.
There are many environmental benefits in using recycled products and they are definitely preferred by players wishing to switch to sustainable policymaking. The demand for packaging products to be made using recycled material is another factor responsible for the sustained growth in post-consumer recycled plastic packaging market.
Dynamics of Post-Consumer Recycled Plastic Packaging Market:
The improvements seen in material sorting infrastructure across strategic regions such as the U.S, Canada, and Western Europe contribute to the growth of post-consumer recycled plastic packaging market. The worldwide market for post-consumer recycled plastic packaging is witness to new material processing technologies in manufacturing post-consumer recycled materials and products. Recycled plastic is light weight in nature and this is another factor that fuels the growth of consumer recycled plastic packaging market. Recycled plastic possesses certain attributes such as crack-resistance and strength and it is also environmentally-friendly. However, the shortages in supply are anticipated to be the biggest restraint in consumer recycled plastic packaging market.
The FDA regulations pertaining to food product packaging across different geographic regions can be a potential cause for concern for companies that have a global presence in the consumer recycled plastic packaging market. Key player are building new infrastructure for the purpose of mixed plastic segregation and collection to implement an adequate sorting mechanism. The selection process effectiveness plays a major role in the amount of material that can be recovered from the facilities.
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Key Players in Post-Consumer Recycled Plastic Packaging Market:
Notable companies involved in the post-consumer recycled plastic packaging market are Eco-Products, Inc., Placon Corporation Inc., Amcor Rigid Plastics USA Inc., Inhaber Michael Mettler e.K., Alpha Packaging, Inc., Seventh Generation Inc., Tray-Pak Corporation, Papier-Mettler, and Genpak, LLC.