Recyclable Packaging Market Is Expected to Grow At A CAGR of 4.2% Through 2030

in recyclablepackaging •  4 years ago 

The Global Recyclable Packaging Market Share, Trends, Analysis and Forecasts, 2020-2030 provides insights on key developments, business strategies, research & development activities, supply chain analysis, competitive landscape, and market composition analysis.

The growth of recyclable packaging market is supported by factors such as expanding application portfolio, efforts of market players through innovation and geographical penetration and so on. Strategic ties between the ecosystem participants of industry makes the market more dynamic. Recyclable packaging market is expected to witness constant growth during the forecast period. The key goal of European Union as defined by Law Genelle I states that the European Union will work towards reducing household waste by 7%, and recycling 75% of ordinary waste (packaging waste) from companies over the next five years. The added recycling also promises to provide several advantages to global firms, as consumers increasingly demand green packaging solutions, along with natural products in key sectors such as Food & Beverage. Moreover, material advancements like molded fibre promise tremendous growth for recyclable packaging in the near future.

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