The global sales curbside recyclable packaging market are estimated to be worth USD 3.5 billion in 2021 and are anticipated to reach a value of USD 6.1 billion by 2031. Sales are projected to rise at a CAGR 5.6% over the forecast period between 2021 and 2031. The revenue generated by curbside recyclable packaging in 2020 was USD 3.3 billion.
The growing demand for sustainable packaging solutions that align with environmental regulations and consumer preferences for eco-friendly products pushing the market. It is an easily recyclable packaging that is attractive for business and consumers. The increasing awareness of environmental issues, particularly related to plastic pollution and waste management, is driving the industry growth.
Governments and regulatory bodies across the globe are implementing stringent policies to reduce waste and promote recycling. These regulations are compelling businesses to adopt curbside recyclable packaging solutions, ensuring compliance with environmental standards and avoiding potential fines or restrictions.
Global Curbside Recyclable Packaging Market Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 3.3 billion |
| Estimated Size, 2021 | USD 3.5 billion |
| Projected Size, 2031 | USD 6.1 billion |
| Value-based CAGR (2021 to 2031) | 5.6% |
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Curbside recyclable packaging is considered a sustainable packaging solution as it reduces the waste and lowers carbon footprints. Curbside recyclable packaging offers protection to the product and it is weather as well as water resistance.
Curbside recyclable packaging is one of the best solutions for consumers who always look for a sustainable and eco-friendly packaging solution, thereby it increases the demand for curbside recyclable packaging.
Several key players in the e-commerce sector are shifting towards curbside recyclable packaging. E-commerce industry requires a major portion of packaging to protect the products which include mailers, boxes, bags and others.
These all products are made of paper, kraft, and glassine which is light in weight, an excellent alternative for non-recyclable materials, and environmentally friendly. The aforesaid feature is anticipated to play a significant role in supplementing the sales of curbside recyclable packaging in the forecasted period.
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Extracting and processing raw resources to make them usable materials requires a lot of energy. Manufacturers use recycled materials because recycling often saves energy as the products being recycled usually require much less processing to turn them into usable materials.
While recycling the products such as aluminium cans, plastic bottles and others the energy is saved which has become a trend for the production of curbside recyclable packaging among manufacturers. This energy saving process will boost the growth of curbside recyclable packaging.
Lack of recycling facilities across the globe may hinder the growth of curbside recyclable packaging. Also, not having proper technology and infrastructure for the process of recyclability in the market will lower the sales and demand for curbside recyclable packaging.
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Global Players:
Asian Players:
The key players adopt various strategies such as product launch, merger & acquisition, innovation and others to survive the competition in the market.
In the USA, the key manufacturers in the market are choosing curbside recyclable packaging materials due to the shift from single-use plastic packaging to recyclable packaging by consumers.
Additionally, avoid adding to the environmental burden caused by producing and disposing of unnecessary materials consumers are considering curbside recyclable packaging. In the USA at least 50% of the curbside recyclable materials are collected from homes and 25% of all waste are sent to recycling centres and maximum materials are technically recycled. Thus, increasing the collection of recyclable materials will boost the sales and demand for curbside recyclable packaging in the USA.
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Curbside Recyclable Packaging Market
