Post-Consumer Recycled Plastic Packaging Market Share, Development, Trends and Forecast 2030
The global post-consumer recycled plastic packaging market is poised for remarkable growth, with projections indicating a substantial increase from approximately US$48 billion in 2023 to an estimated US$82.49 billion by 2030. This impressive growth is expected to be driven by several key factors, including a growing emphasis on nature conservation, cost reduction, and sustainability. The market is projected to witness an impressive compound annual growth rate (CAGR) of 7% over the period from 2023 to 2030. Key Trends Fueling Market Growth Sustainability Takes Center Stage : A heightened focus on sustainability and resource conservation is a primary driver of growth in the post-consumer recycled plastic packaging market. As environmental awareness continues to grow among consumers and businesses, there is an increased demand for recycling solutions and eco-friendly alternatives to conventional packaging. Government Regulations Spur Recycling : Government policies and regulations, at