- In 2021, the PCR packaging market was estimated to be over 5 million tonnes. This is expected to grow to 6.4 million tonnes in 2026, with a growth rate of 5.2%
- In 2021, Europe is the largest region, with about 53% of the market, this will grow to 55% of the market by 2026
- Asia will have about 28% of the market in 2026
Our exclusive content
- How the use of PCR packaging supports the rethinking of the way the industry produces and consumes products and how it has become the overarching structure by which the packaging industry thinks about sustainability in practice
- The technological advancements that are making the use of PCR packaging practical and expandable
- The largest segments of the market and the expansions the industry can expect over the next five years.
- The regulations and directives that have an impact on the beginning of life of PCR material, with the end goal of the regulation to collect and recycle all the packaging
- The implication the use of PCR packaging has on companies; many must now change their packaging to use more sustainable materials that are able to be recycled
- How consumer behaviour is a large driving force behind the PCR packaging industry: the more that consumers recycle, the more PCR supply there is potentially.
This report is based on extensive primary and secondary research. Primary research consisted of targeted interviews with material suppliers, converters and experts drawn from key markets. This was supported by secondary research in the form of extensive literature analysis of published data, official government statistics, domestic and international trade organisation data, company websites, industry reports, trade press articles, presentations, and attendance at trade events.
Who should buy this report?
- Raw material suppliers
- Recycled material suppliers
- Recycled material converters
- Packaging converters
- Packaging manufacturers
- Brand owners
About the author
Samuel Ng is currently working as a Market Analyst at Smithers, where he works closely with teams on large consultancy projects and market research projects. The authoring of this report plays into a larger research project Sam is currently working on as Smithers seeks to expand its position in the print and packaging industries. Sam has vast experience in primary and secondary research, data and statistical modelling.
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