Acknowledging the kind of traction gained by this market, recently published a study report by industry data analytics asserts the Global Recyclable Multi-Material Flexible Packaging Market size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 4.9% during the review period (2022 to 2027).
The recyclable packing market is anticipated to grow at a 4.9% CAGR over the forecast period, reveals the current Market Research Future (MRFR) report. Recyclable packing, simply put, is a form of wrapping that can be recycled and reused. It has become easier to set products than ever with recyclable materials. This form of packaging can be re-used and gutted and comprise paper, card, metal, glass, and increasingly specific plastics. But crenelated cardboard is the most shared form of recyclable/recycled packaging
The additional factors adding market growth include the procurement of goods in balanced and smaller amount, increase in the trade sector, rapid installation of modern retail stores, the arrival of bioplastics as it consumes less energy and has smaller carbon footmark than conservative packaging, growing awareness about maintainable packaging and rising administration bans in countries across the world related with single-use plastics.
The Global Recyclable Multi-Material Flexible Packaging Market includes identification and analysis of the various market participants competing in the global market. Prime competitors include BASF SE (Germany), Avery Dennison Corporation (US), American Packaging Corporation. (US), APP (Asia Pulp & Paper) (Indonesia), 3M (US), Amcor (Australia), Salazar Packaging, Inc. (US), Lacerta Group, Inc. (US), Ebro Color GmbH (Germany), and Graham Packaging Company (US).
Avery Dennison to invest over €60 million in capacity expansion and manufacturing efficiency in Europe
MAY 3, 2022: Avery Dennison Corporation (NYSE: AVY) has announced details of two major investments aimed at expanding its manufacturing capacity and improving factory efficiency in Europe to meet growing demand for its label and packaging materials.
The company said it is one year into a three-year, €45 million expansion of its facilities at Champ-sur-Drac, France.
January 11, 2021: Lacerta Group Partners with SK Capital to Drive Next Phase of Growth
Lacerta Group, Inc. (“Lacerta” or the “Company”), a leading designer and manufacturer of specialty thermoformed packaging solutions, announced today a strategic investment from funds advised by SK Capital Partners, LP, a New York-based private investment firm focused exclusively on the specialty materials, chemicals and pharmaceuticals sectors.
Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
By Application, it is segmented into
China and India, is one of the major factors, which is expected to raise the demand for recyclable packaging in the region during the forecast period. North America region is expected to register higher growth rate owing to the increasing R&D investments for product innovation and development of packaging materials. Moreover, stringent administration rules against recycling of packing materials in US and Canada has propelled the demand for smart packaging in the food & drink industry.
The Global Recyclable Multi-Material Flexible Packaging Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Recyclable Multi-Material Flexible Packaging Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Global Recyclable Multi-Material Flexible Packaging Market scope?
Forecast Period 2022 to 2028 CAGR
CAGR of 4.9% during the review period (2022 to 2027).
Norris Cylinder, Worthington, MNKgases, Cyl-Tec, ECS, JAI MARUTI GAS, BOC(Linde), Tianhai
2017 to 2021
2022 to 2027
Number of Pages
Yes, the report can be customized as per your needs
What is the study period of this market?
The Global Recyclable Multi-Material Flexible Packaging Market is studied from 2022-2027.
Who are the prime players in the Global Recyclable Multi-Material Flexible Packaging Market?
BASF SE (Germany), Avery Dennison Corporation (US), American Packaging Corporation. (US), APP (Asia Pulp & Paper) (Indonesia), 3M (US)
Which region held the largest share in the Global Recyclable Multi-Material Flexible Packaging Market?
United States, Europe, China, Japan, Southeast Asia, India and Rest of World
What are the significant Types of Global Recyclable Multi-Material Flexible Packaging Market?
Recycled papers, biodegradable plastic, aluminum, wood, tinplate,, plastic, paper, glass
What are the major Application of Global Recyclable Multi-material Flexible Packaging Market?
Factory, Scientific Research Field ! Research Methodology
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.