Recycled Material Packaging Surges

摘要

The recycled materials packaging solutions market was valued at $217.45 billion in 2018 and is expected to reach $281.86 billion by 2024 at a CAGR of 4.67 percent over the forecast period 2019 - 2024. Government mandates across the world and growing environmental consciousness have made the marketing of packaging solutions more cause-driven. Recycled packaging solutions are helping companies differentiate their products in the market along with reaching their sustainability goals. For instance, Amcor is pledging to develop all of its packaging to be recyclable or reusable by 2025. Companies around the globe are adopting sustainable packaging solutions, which include the usage of biodegradable paper and recyclable paper. Both the markets are witnessing colossal adoption owing to cleaner environment movements across the globe.