Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Recycled Polypropylene In Packaging Market Size is Expected to Grow from USD 8.99 Billion in 2023 to USD 17.01 Billion by 2033, at a CAGR of 6.58% during the forecast period 2023-2033.
Browse 210 Market Data Tables And 45 Figures Spread Through 190 Pages and In-Depth TOC On the Global Recycled Polypropylene In Packaging Market Size, Share, and COVID-19 Impact Analysis, By Packaging Type (Flexible Packaging and Rigid Packaging), By End Use (Food & Beverage, Personal Care & Cosmetics, Pharmaceuticals, Household Products, Industrial Goods, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 - 2033.
The market for packaging products derived from recycled polypropylene (PP) is known as the recycled polypropylene (rPP) in the packaging market. Growing environmental consciousness and laws encouraging the use of recycled plastics, of which rPP is a common material in many packaging applications, are driving this industry. Both rigid and flexible packaging are available on the market, and rPP is utilized for films, pouches, bottles, containers, and other package styles. The use of polypropylene plastic that has been gathered, processed, and converted into new packaging materials is known as recycled polypropylene (rPP) in packaging. This method lessens the environmental effect of producing virgin plastic, conserves resources, and decreases plastic waste. Furthermore, the driver propelling growth is the growing customer choice and awareness for eco-friendly packaging. In response, companies have redesigned their packaging to incorporate recycled materials and used labeling to convey these decisions. For instance, private-label products with packaging made of recycled PP have been introduced by big stores like Walmart and Target, strengthening brand loyalty while fulfilling environmental objectives. The food, beverage, personal care, and domestic product categories are particularly affected by this change in customer expectations, as packaging has a significant influence on decisions to buy. However, contamination, financial limitations, problems with processing, and the challenge of fulfilling strict food safety regulations. These issues restrict the use of rPP in higher-value applications and prevent its broader adoption.
The flexible segment dominated the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the packaging type, the global recycled polypropylene in packaging market is divided into flexible packaging, rigid packaging. Among these, the flexible segment dominated the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. Materials like films, pouches, and wraps that are easily shaped or bent are used in flexible packaging using rPP. Products, including snacks, frozen meals, personal hygiene products, and dry goods, are frequently made with it. rPP films are a sustainable substitute for virgin polymers because of their superior moisture resistance, durability, and barrier qualities.
The food & beverage segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the end use, the global recycled polypropylene in packaging market is divided into food & beverage, personal care & cosmetics, pharmaceuticals, household products, industrial goods, and others. Among these, the food & beverage segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. In the food and beverage packaging industry, rPP is being utilized more and more for applications such as flexible pouches, trays, containers, and caps.
North America is anticipated to hold the highest share of the global recycled polypropylene in packaging market over the projected period.
North America is anticipated to hold the highest share of the global recycled polypropylene in packaging market over the projected period. Strong regulatory frameworks, expanding business sustainability requirements, and rising consumer awareness of eco-friendly packaging are all contributing factors to this optimistic outlook. Circular economy principles, which promote the use of recycled materials like polypropylene in packaging, are being promoted by government organizations, including the Environment and Climate Change Department of Canada and the U.S. Environmental Protection Agency (EPA).
Asia Pacific is estimated to grow at the fastest CAGR of the global recycled polypropylene in packaging market during the forecast period. This is because of its quickly growing packaging sector, rising environmental awareness, and encouraging government policies that support the circular economy. The need for sustainable packaging solutions in the food and beverage, personal care, and e-commerce industries is growing in nations including China, India, Japan, and South Korea.
Company Profiling
Major vendors in the global recycled polypropylene in packaging market are Braskem, Borealis AG, Mitsubishi Chemical, Exxon Mobil Corporation, Nexam Chemical, Pashupati Group of Industries, Sumitomo Chemical Co., Ltd., Nexeo Plastics, LLC, Shell Chemicals, ECOPLAS (HK) LIMITED, Berry Global Inc., Banyan Nation, TotalEnergies, Formosa Plastics, and others.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at the global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global recycled polypropylene in packaging market based on the below-mentioned segments:
Global Recycled Polypropylene In Packaging Market, By Packaging Type
Global Recycled Polypropylene In Packaging Market, By End Use
Global Recycled Polypropylene In Packaging Market, By Regional
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