Recyclable Packaging Market Set to Reach USD 50.1 Billion by 2034 Amid Rising Sustainability Trends | Report by FMI

Millennials in the USA drive demand for recyclable packaging, prioritizing eco-friendly solutions as part of their sustainability-focused lifestyle choices.

NEWARK, DE, UNITED STATES, February 6, 2025 /EINPresswire.com/ -- The global 𝐫𝐞𝐜𝐲𝐜𝐥𝐚𝐛𝐥𝐞 𝐩𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 is on an upward trajectory, with projections indicating a market size of 𝐔𝐒𝐃 𝟑𝟎.𝟗 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 in 2024. Over the next decade, the market is expected to expand at a 𝐂𝐀𝐆𝐑 𝐨𝐟 𝟒.𝟔%, reaching an estimated 𝐔𝐒𝐃 𝟓𝟎.𝟏 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 by 2034.

This growth is mostly driven by rising environmental concerns and a strong push for sustainability. Consumers, businesses, and governments throughout the world are recognizing the negative consequences of plastic waste on the environment, prompting increased attempts to minimize the carbon footprint of packaging materials. As a result of their recyclability and biodegradability, eco-friendly alternatives such as paper, cardboard, and bioplastics have seen an increase in demand.

Government laws and initiatives have also played an important role in propelling the sector forward. Several countries have implemented rigorous rules that require the use of recyclable packaging materials and impose penalties for noncompliance.

𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐆𝐫𝐨𝐰𝐭𝐡 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 – 𝐆𝐞𝐭 𝐘𝐨𝐮𝐫 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰
https://www.futuremarketinsights.com/report-sample#5245502d47422d33353831

For example, the European Union has set high recycling targets for packaging waste, and several states in the United States have introduced bottle deposit schemes to encourage recycling. These regulatory regulations require firms to incorporate recyclable packaging solutions into their manufacturing processes in order to assure compliance and avoid financial penalties.

Additionally, altering consumer tastes have a big impact on the recyclable packaging business. Millennials and Generation Z, in particular, are becoming more aware of their environmental impact and consciously choose products that reflect their sustainability beliefs. This shift in consumer behavior has driven brands and manufacturers to incorporate recyclable packaging into their offers in order to fulfill rising demand and maintain a competitive market edge.

𝐃𝐫𝐢𝐯𝐢𝐧𝐠 𝐂𝐡𝐚𝐧𝐠𝐞 𝐰𝐢𝐭𝐡 𝐑𝐞𝐜𝐲𝐜𝐥𝐚𝐛𝐥𝐞 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐅𝐨𝐨𝐝 𝐚𝐧𝐝 𝐁𝐞𝐯𝐞𝐫𝐚𝐠𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲

In emerging economies, the growing demands of the food and beverage sector have played a critical role in propelling the overall growth of the recyclable packaging business. These developing countries have seen a huge increase in consumer demand for food and beverage items, necessitating the development of efficient and environmentally friendly packaging solutions.

The growth of the food and beverage markets in these regions has created a plethora of opportunities for the recyclable packaging industry. As customers value environmentally friendly activities, businesses have acknowledged the significance of using sustainable packaging alternatives to fulfill market demands. This has increased demand for recyclable packaging materials, including biodegradable plastics, compostable foodservice packaging, and renewable materials.

𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐑𝐞𝐜𝐲𝐜𝐥𝐚𝐛𝐥𝐞 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭

• The United States is witnessing a surge in demand for recyclable packaging, driven by millennial consumers who are environmentally conscious and willing to pay more for sustainable alternatives.
• China’s industrial sector is adopting recyclable packaging due to environmental concerns and plastic pollution. Government regulations and consumer preferences are driving this shift towards sustainable practices.
• The need for sustainable packaging solutions and a circular economy is growing in India because of government regulations, environmental concerns, and public awareness of plastic pollution.
• Paper packaging is a popular recyclable material due to its versatility, cost-effectiveness, and sustainability benefits, making it a leading choice in the market.
• The personal care industry is embracing recyclable packaging to demonstrate commitment to sustainability and maintain product integrity, attracting eco-conscious consumers and enhancing brand differentiation.

𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠 – 𝐆𝐚𝐢𝐧 𝐞𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐢𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐯𝐞 𝐨𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐰𝐢𝐭𝐡 𝐨𝐮𝐫 𝐓𝐞𝐜𝐡 𝐢𝐧 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭𝐬.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞

With businesses concentrating on innovation, teamwork, and education to address the possible downsides of conventional packaging, the recyclable packaging sector is booming. New and enhanced recyclable materials are being developed to overcome constraints such as low strength and poor moisture resistance.

Working together, material suppliers, manufacturers, and brand owners promote information exchange and environmentally friendly packaging options. Another important area of concentration is consumer education, which promotes ethical waste management techniques and increases public knowledge of the advantages of recyclable packaging.

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬

• International Paper
• Mondi Group
• Smurfit Kappa Group
• Sealed Air Corporation
• Tetra Pak International S.A.
• Ball Corporation
• DS Smith Plc

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐈𝐧-𝐃𝐞𝐩𝐭𝐡 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬—𝐂𝐥𝐢𝐜𝐤 𝐇𝐞𝐫𝐞 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭!
https://www.futuremarketinsights.com/reports/recyclable-packaging-market

𝐑𝐞𝐜𝐲𝐜𝐥𝐚𝐛𝐥𝐞 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐛𝐲 𝐂𝐚𝐭𝐞𝐠𝐨𝐫𝐲

𝐁𝐲 𝐌𝐚𝐭𝐞𝐫𝐢𝐚𝐥:

In terms of material, the market encompasses paper, plastic, glass, tinplate, wood, aluminum, biodegradable plastics, and recycled paper.

𝐁𝐲 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠 𝐓𝐲𝐩𝐞:

Packaging types used in recyclable packaging are categorized into paper and cardboard, bubble wrap, void fill packing, and pouches and envelopes.

𝐁𝐲 𝐄𝐧𝐝 𝐔𝐬𝐞:

The end use of freezer labels spans various sectors, with a primary focus on healthcare. Personal care and food and beverages industries.

𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧:

As per region, the industry is divided into North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐅𝐌𝐈’𝐬 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐎𝐧𝐠𝐨𝐢𝐧𝐠 𝐂𝐨𝐯𝐞𝐫𝐚𝐠𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠 𝐃𝐨𝐦𝐚𝐢𝐧:

The 𝐦𝐮𝐥𝐭𝐢 𝐝𝐞𝐩𝐭𝐡 𝐜𝐨𝐫𝐫𝐮𝐠𝐚𝐭𝐞𝐝 𝐛𝐨𝐱 𝐦𝐚𝐫𝐤𝐞𝐭 had an estimated market share worth USD 4.5 billion in 2023, and it is predicted to reach a global market valuation of USD 7.7 billion by 2034. - https://www.futuremarketinsights.com/reports/multi-depth-corrugated-box-market

In 2024, the 𝐒𝐮𝐫𝐟𝐚𝐜𝐞 𝐏𝐫𝐨𝐭𝐞𝐜𝐭𝐢𝐨𝐧 𝐅𝐢𝐥𝐦 𝐌𝐚𝐫𝐤𝐞𝐭 is expected to be worth around USD1.5 billion. Sales of surface protection films are anticipated to grow at a CAGR of 4.6% from 2024 to 2034. - https://www.futuremarketinsights.com/reports/surface-protection-films-market

The 𝐞𝐝𝐢𝐛𝐥𝐞 𝐟𝐢𝐥𝐦𝐬 𝐚𝐧𝐝 𝐜𝐨𝐚𝐭𝐢𝐧𝐠𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 size is projected to be worth USD 2,210.0 million in 2023. The market is likely to surpass USD 4,871.0 million by 2033 at a CAGR of 8.2% during the forecast period. - https://www.futuremarketinsights.com/reports/edible-films-and-coating-market

The 𝐝𝐮𝐜𝐭 𝐭𝐚𝐩𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 is poised for an evolutionary journey, extending its influence well into 2034 and beyond. The adoption of duct tape is estimated to stand at USD 4.9 billion in 2024. - https://www.futuremarketinsights.com/reports/duct-tape-market

The 𝐩𝐫𝐨𝐝𝐮𝐜𝐞 𝐩𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 is expected to experience strong demand, with a total valuation of USD 34,470.9 million in 2023 rising to USD 44,447.6 million by 2033. - https://www.futuremarketinsights.com/reports/produce-packaging-market

The 𝐝𝐫𝐮𝐦 𝐥𝐢𝐧𝐞𝐫 𝐦𝐚𝐫𝐤𝐞𝐭 growth prospects are to go as high as 4.00% through 2034. Sales of drum liners hold a current valuation of USD 525.6 million in 2024 since they work well with steel, plastic, and fibre drums. - https://www.futuremarketinsights.com/reports/drum-liners-market

The global sales of 𝐭𝐢𝐦𝐞 𝐭𝐞𝐦𝐩𝐞𝐫𝐚𝐭𝐮𝐫𝐞 𝐢𝐧𝐝𝐢𝐜𝐚𝐭𝐨𝐫 𝐥𝐚𝐛𝐞𝐥𝐬 are estimated to be worth USD 982.1 million in 2024 and are anticipated to reach a value of USD 1,661.7 million by 2034. - https://www.futuremarketinsights.com/reports/time-temperature-indicator-labels-market

The global 𝐚𝐜𝐭𝐢𝐯𝐞, 𝐬𝐦𝐚𝐫𝐭, 𝐚𝐧𝐝 𝐢𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐭 𝐩𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 size, in terms of value, is estimated to be USD 26.6 billion in 2024. The overall market is further projected to reach USD 59.1 billion by 2034. - https://www.futuremarketinsights.com/reports/active-smart-and-intelligent-packaging-market

The global 𝐬𝐚𝐥𝐞𝐬 𝐨𝐟 𝐛𝐚𝐫𝐫𝐢𝐞𝐫 𝐬𝐡𝐫𝐢𝐧𝐤 𝐛𝐚𝐠𝐬 are estimated to be worth USD 3.4 billion in 2024 and are anticipated to reach a value of USD 4.9 billion by 2034. - https://www.futuremarketinsights.com/reports/barrier-shrink-bags-market

The 𝐛𝐮𝐛𝐛𝐥𝐞 𝐰𝐫𝐚𝐩 𝐩𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 is predicted to grow rapidly at a CAGR of 3.1% from 2024 to 2034. The market is expected to reach a valuation of USD 4.2 billion by 2034. - https://www.futuremarketinsights.com/reports/bubble-wrap-packaging-market

𝐀𝐛𝐨𝐮𝐭 𝐅𝐮𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 (𝐅𝐌𝐈)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Ankush Nikam
Future Market Insights, Inc.
+ +91 90966 84197
email us here
Visit us on social media:
Facebook
X
LinkedIn
YouTube