PCR Plastic Packaging Market Will Be The Future Ready By The End Of The Forecast Period 2020 – 2028
The number of consumers willing to pay more for sustainable packaging is increasing and so is the opportunity for expansion of the post-consumer recycled plastic packaging market . A substantially large number of companies operating in the packaging industry had the foresight of acting to the shifting trends. Many among them are addressing the demand by improving the sustainability profile of their packaging solutions. One of the ways of achieving this is by increasing the PCR content, especially in rigid packaging that often uses polyethylene terephthalate (PET). Against this backdrop, Transparency Market Research (TMR) predicts the global market for PCR plastic packaging to reach a valuation of US$ 36.4 Bn by the end of 2020. With leading brands stating their intent to use recycled plastic as an attempt to reducing plastic waste issues, the market has the potential of recording impressive growth between 2020 and 2028. Key Findings : PET recycled ...