New Report Foresees Stable Growth to Recycled Plastic Packaging Market

SEATTLE (Scrap Monster): The research report published by Transparency Market Research (TMR) predicts steady growth for post-consumer recycled plastic packaging market. It highlights the market dynamics and features the environment advantages and sustainability benefits of using recycled products to produce innovative packaging solutions.

According to the report, material sorting facilities have played a key role in the development of the post-consumer recycled plastic packaging market. The market has witnessed rapid adoption of newer technologies. PET (polyethylene terephthalate) plastic has turned out to be the most commonly accepted category of plastics for recycling. At the same time, the changing FDA regulations for packaging food products are likely to impact the market. Moreover, short supply of recycled plastic packaging products may also limit market growth, TMR report notes.

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The worldwide market for post-consumer recycled plastic packaging market is likely to witness introduction of new material processing technologies in the manufacturing process. The notable infrastructure improvement in material sorting facilities across key regions including the U.S., Canada and Western European countries will largely contribute to the growth of the market.

The report classifies the post-consumer recycled plastic packaging market on the basis of end-use, material type, process type and product type. The entire global market is divided into five key regions- Asia Pacific, Europe, Middle East and Africa, Latin America, and North America. The North American region comprising of the US and Canada is likely to remain as the largest regional market. Asia Pacific region is likely to witness substantial growth, mainly on account of positive developments in China and India.

As per the report, 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 are some of the few key market players.