The Recycled Materials Packaging Solutions Market size is estimated at USD 189.92 billion in 2024, and is expected to reach USD 245.56 billion by 2029, growing at a CAGR of 5.27% during the forecast period (2024-2029). In terms of production volume, the market is expected to grow from 248.60 million tons in 2024 to 315.70 million tons by 2029, at a CAGR of 4.89% during the forecast period (2024-2029).
The recycled materials packaging solutions market is fragmented with major players such as Amcor Group GmbH, Kruger Inc., Smurfit Kappa Group, Packaging Corporation of America, Tetra Laval International SA, etc. The corporations continue to innovate and form strategic partnerships to maintain their market share.
In February 2024, Amcor agreed with Cadbury to procure approximately 1,000 tonnes of post-consumer recycled plastic to be used in the packaging of Cadbury's core range of Cadbury chocolates, helping to accelerate Cadbury's efforts to reduce their virgin plastic requirements.
In November 2023, Paperboard and packaging manufacturer DS Smith, based in the United Kingdom, started providing recycled content and recyclable packaging to Philips Home Appliance brands manufactured in the Netherlands by Versuni.
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