- +1-315-215-1633
- sales@thebrainyinsights.com
The global PCR plastic packaging market was valued at USD 17.4 billion in 2023, growing at a CAGR of 10.2% from 2024 to 2033 and expected to reach USD 45.9 billion by 2033. In packaging, PCR (Post-Consumer Recycled) plastic packaging is becoming increasingly well-known as a sustainable option. Using recycling programmes, this strategy gathers consumer-generated waste plastic and transforms it into new packaging materials.
To meet consumer demand, support recycling initiatives, and lessen their environmental impact on landfills, several manufacturers are utilising post-consumer resin (PCR), which is characterised as an environmentally friendly packaging solution. Through community recycling programmes, PCR plastics—a type of recovered material made from used PET bottles and other plastics—are recycled into different packaging materials. The primary factor driving the growth of the PCR plastic packaging market is the growing shift in consumer preferences towards recyclable and environmentally friendly materials. Other factors driving the market's expansion include growing packaging downsizing, rising technological advancements, the rise of non-biodegradable materials, growing public awareness of environmental health issues like soil pollution, growing consumer demand for the use of green packaging for organic food, and rising consumer awareness of the negative effects of plastics. Furthermore, the packaging industry's increasing modernisation, technological improvements, and the e-commerce sector's growing expansion will open up new chances for the PCR plastic packaging market.
Get an overview of this study by requesting a free sample
In 2022, With the help of Clariant, Siegwerk, Borealis, and Beiersdorf, the Design4Circularity initiative has successfully produced a transparent personal care bottle made completely of 100% post-consumer recycled material (PCR). This creative bottle design incorporates a printed, drinkable, complete-body shrink sleeve to provide unique branding and product differentiation. The personal care industry is working together to create circular packaging solutions that carefully consider each step of the production process. This initiative's main goals are to promote sustainable packaging by cutting down on plastic waste, lowering the need for virgin plastic resources, and lessening the environmental damage caused by the production of plastic.
In 2022, The well-known Canadian paper goods and packaging manufacturer Cascades launched a line of packaging options made completely of post-consumer recycled (PCR) materials. One of their inventions is a food tray made entirely of recycled PET (RPET). It is cleverly made to work in unison with the packaging machinery already used by food processors and merchants. With great pride, Cascades disclosed that they had dedicated over USD 23 million to creating these packaging solutions made entirely of RPET.
Eco-friendly branding- Eco-friendly branding is very important to the consumer. Customers who care about the environment seek brands and goods that share their sustainability ideals. Companies that display PCR plastic in their packaging publicly as part of their branding show that they care deeply about the environment. This draws in environmentally concerned customers and improves reputation and brand loyalty. As a result, as more businesses realise the benefits of eco-friendly branding, the demand for PCR plastic packaging increases.
Contamination concerns and processing costs- One major barrier to the market demand for PCR (Post-Consumer Recycled) plastic packaging is the emergence of contamination problems. Obtaining used plastic materials from various sources is necessary in the recycling process, although maintaining the feedstock's purity can be difficult. The safety and quality of the PCR plastic may be jeopardised by contamination from non-recyclable materials, contaminants, or other forms of plastic. This affects the suitability of PCR plastic packaging in several applications, particularly those with strict quality requirements.
Innovative product development and sustainable branding- Manufacturers who make research and development investments develop creative PCR plastic packaging solutions that satisfy changing consumer demands and environmental requirements. Because of these developments, PCR plastic packaging is now fiercely competitive compared to conventional packaging materials, including distinctive shapes, useful features, and enhanced performance characteristics. Demand has increased due to this product innovation, which makes the market more appealing to a larger range of sectors.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the largest global PCR plastic packaging market, with a 35.2% market revenue share in 2023.
North America's Post-Consumer Recycled (PCR) plastic packaging market is exhibiting several significant developments. Demand for eco-friendly packaging solutions rises as sustainability and environmental awareness concerns grow. Products made of recycled plastic are becoming increasingly popular among consumers and businesses. The market is also shaped by legislative initiatives supporting recycling and reducing plastic waste. Innovations in PCR plastic packaging design and materials are also being seen in the area, demonstrating a strong dedication to environmentally friendly package solutions. These patterns suggest that the packaging sector in North America is placing an increasing focus on sustainability.
North America Region PCR Plastic Packaging Market Share in 2023 - 35.2%
www.thebrainyinsights.com
Check the geographical analysis of this market by requesting a free sample
The material segment is divided into PE, PP, PET, PVC, and PS. The PET segment dominated the market, with a market share of around 28% in 2023. PET (Polyethylene Terephthalate) is a thermoplastic polymer frequently utilised in the PCR plastic packaging business. It is prized for being clear, strong, and recyclable.
The product segment is divided into pouches, trays, and bottles. The bottles segment dominated the market, with a market share of around 42% in 2023. A container consisting primarily of post-consumer recycled (PCR) plastic material is referred to as a section in the PCR plastic packaging market. Beverages, cleaning supplies, and personal hygiene goods are just a few of the liquid or semi-liquid products that are packaged in these bottles.
The end-user segment is divided into healthcare, industrial, food and beverage, and cosmetics. The food and beverage segment dominated the market, with a market share of around 34% in 2023. The end-user segment in the PCR plastic packaging market consists of companies that produce, package, and distribute food and beverage goods. Growing consumer awareness of sustainability drives this industry's demand for PCR plastic packaging.
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Billion) |
| Market size value in 2023 | USD 17.4 Billion |
| Market size value in 2033 | USD 45.9 Billion |
| CAGR (2024 to 2033) | 10.2% |
| Historical data | 2020-2022 |
| Base Year | 2023 |
| Forecast | 2024-2033 |
| Region | The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level. |
| Segments | Material, Product, End-User |
As per The Brainy Insights, the size of the PCR plastic packaging market was valued at USD 17.4 billion in 2023 to USD 45.9 billion by 2033.
The global PCR plastic packaging market is growing at a CAGR of 10.2% during the forecast period 2024-2033.
North America emerged as the largest PCR plastic packaging market.
This study forecasts global, regional, and country revenue from 2020 to 2033. The Brainy Insights has segmented the global PCR plastic packaging market based on the below-mentioned segments:
Global PCR Plastic Packaging Market By Material:
Global PCR Plastic Packaging Market By Product:
Global PCR Plastic Packaging Market By End-User:
Global PCR Plastic Packaging Market By Region:
Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision.
Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.
The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.
Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:
The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.
The data procurement stage involves in data gathering and collecting through various data sources.
This stage involves in extensive research. These data sources includes:
Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:
Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.
Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.
The supply side for a domain specific market is analysed by:
The demand side for the market is estimated through:
In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.
Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:
Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:
Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.
This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.
Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.
The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:
Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.
Free Customization
Fortune 500 Clients
Free Yearly Update On Purchase Of Multi/Corporate License
Companies Served Till Date
