PCR Plastic Packaging Market Size and Companies Growth Insights
The global PCR plastic packaging market size was valued at USD 42.08 billion in 2023 to reach USD 82.40 billion by 2034, increasing at a CAGR of 6.3% between 2024 and 2034. Europe regions led the PCR plastic packaging market by 40.23% while North America stands at secong position considering 31.67% in 2023.
The top companies in PCR plastic packaging are Transcontinental Inc., Amcor plc, Mondi plc, Genpak LLC, Sonoco Product Company, ePac Holdings, LLC, ALPLA Group, IDEALPAK, Anchor Packaging Inc and Spectra Packaging Solutions Ltd.
Recent Developments:
- In June, 2024, Dow, materials science company revealed the creation and introduction of its cutting-edge REVOLOOPTMM Recycled Plastics Resins family. In terms of Dow's dedication to promoting circularity and Transforming the Waste, this launch represents a significant milestone. Dow wants to Transform the Waste and bring three million metric tons of sustainable and circular solutions to market per year by 2030. Dow is stepping up its efforts to promote sustainable and circular packaging in order to accomplish this. The introduction of REVOLOOPTM Plastics Resins is in line with these sustainability objectives and includes a new pledge to help partners and consumers extract even more value from plastic trash. Two new REVOLOOPT Plastics Resin grades have been introduced and authorized for use in packaging that does not come into contact with food. One is made entirely of post-consumer recycled (PR) materials, while the other is formulated grade and comprises up to 85% PR derived through household waste.
- In October 2024, Berry Global, packaging company, introduced a line of healthcare-use clarified polypropylene (PP) bottles that are said to reduce CO2 emissions by roughly 71% and have better recyclability than conventional colored PET pill bottles. For a range of items, including vitamins, nutraceuticals, nutritional supplements, beauty supplements, and over-the-counter treatments, the business claims that the ClariPPil bottles offer "excellent functionality, product protection, and aesthetics." The new bottle, when paired with Berry's PP closures, has apparently received a RecyClass A certification for its recyclability in nations having the necessary recycling infrastructure in place.
- Berry Global has introduced a line of healthcare-use clarified polypropylene (PP) bottles that are said to reduce CO2 emissions by roughly 71% and have better recyclability than conventional colored PET pill bottles. For a range of items, including vitamins, nutraceuticals, nutritional supplements, beauty supplements, and over-the-counter treatments, the business claims that the ClariPPil bottles offer "excellent functionality, product protection, and aesthetics." The new bottle, when paired with Berry's PP closures, has apparently received a RecyClass A certification for its recyclability in nations having the necessary recycling infrastructure in place.
- In August 2023, Berry Global merged its M&H and PET Power divisions to form a new Europe-wide enterprise. Berry Agile Solutions, the latest company, promises short lead times and cheap minimum order quantities (MOQs), including multi-product orders.
- In February 2023, Mobil used fifty percent of PCR plastic pails in India. ExxonMobil recycles more than 90% of lubricant operations waste yearly for new applications.
- In November 2023, With the acquisition of Italian company Silte srl, the French manufacturer of plastic jars, bottles, and closures for the personal care and food industries, completed a new external growth operation.
- In November 2023, Berlin Packaging, the global Hybrid Packaging developer®, announced the purchase of Nest-Filler PKG Co., Ltd., a beauty and cosmetics packaging provider.
If you have any questions, please feel free to contact us at sales@towardspackaging.com | +1 804 441 9344
