The global sales of PCR films market are estimated to be worth USD 1.9 billion in 2021 and are anticipated to reach a value of USD 2.9 billion by 2031. Sales are projected to rise at a CAGR of 4.5% over the forecast period between 2021 and 2031. The revenue generated by PCR films market in 2020 was USD 1.8 billion.
The increasing focus on sustainability and environmental accountability within the packaging sector continues to foster growth in the PCR films market. Manufacturers are encouraged to incorporate recyclates into their product lines by heightened consumer demand for environmentally friendly products and a rising tide of regulations pertinent to plastic waste.
Advancement in technology in PCR films has made them high-quality and efficient, hence viable alternatives to virgin plastics. Further, the rise in the trend of circular economy practices and commitment by corporates towards carbon footprint reduction support the growth of PCR films. Growth in the packaging market and increasing awareness about environmental causes continue to drive growth in PCR films.
Global PCR Films Industry Assessment
| Attributes | Key Insights |
|---|---|
| Historical Size, 2020 | USD 1.8 billion |
| Estimated Size, 2021 | USD 1.9 billion |
| Projected Size, 2031 | USD 2.9 billion |
| Value-based CAGR (2021 to 2031) | 4.5% |
Consumers' inclination towards sustainability practices is surging as the post-consumer recycled PCR films demand it as they are safe and secure with excellent thermoforming characteristics to reach the sustainability goals.
Moreover, these PCR films are manufactured in a controlled environment to the strictest current GMP standards to increase global production redundancy to increase global production redundancy, therefore, escalating PCR films demand globally.
Additionally, close-the-loop packaging solutions helping to promote sustainable solutions adoption amongst manufacturers for the contribution of reduction in plastics that are entering the environment as waste. Hence, flexible packaging industries are helping in creating viable circular systems for flexible plastics.
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Increased awareness about end of life options, contemplations for assortment logistics, and mounting concern the environmental impacts of challenging single-use plastics.
Moreover, there is a rising affinity to look at the complete product’s lifecycle. This is keen-sighted more thought put into policy, business models, and logistics to ensure a product is recycled. A concentration on the end-of-life options for packaging is seeing improved attentiveness of the value of reutilizing, predominantly over composting.
With increasing stringent government regulations, and changing environmental stresses, manufacturers are steering the policies toward leveraged innovative plastic technologies to improve sustainable and recyclable solutions which include definite properties such as easy-tear propagation and chemical resistance.
Moreover, significant areas for manufacturers comprise the improvement of substitute bioplastics solutions such as bio polypropylene and polybutylene succinate, along with the price and removal of bioplastics, which needs to be examined to safeguard successful usage.
Principal Consultant
In terms of sales, the North American market is projected to take the lead in the global target market. With growing consumer demand for recyclable packaging, USA and Canadian governments have adopted regulatory approaches on the development of polyethylene terephthalate (PET) resin useful for extrusion blow-molded on shuttle machines.
Moreover, packaging and brand professionals approve the swift advancement of e-commerce that had a greater impact on the technologies, business, supply chain, design and engineering of packaging globally, hence increasing the PCR films demand globally.
The European PCR Films market is estimated to grow at a moderate pace. Manufacturers are aiming for flexible plastic packaging in the medical and biology industry due to the functional properties offered by PCR films packaging, such as cost-effectiveness, safety, strength, durability, environmental-friendliness, handling convenience and light weight.
The market for PCR Films is estimated to see swift growth through the projection period driven by huge investments done by market players in social media marketing, and promotional activities towards increasing high-quality packaging trends.
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Some of the key players manufacturing PCR films are as follows
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Product 6.2. End-User Application 6.3. PCR Content 7. Global Market Analysis and Forecast, By Product 7.1. Aluminium 7.2. Polypropylene 7.3. Polyolefin 7.4. Polyester 7.5. Others 8. Global Market Analysis and Forecast, By End-User Application 8.1. Biology 8.2. Research and Study 8.3. Medical 8.4. Others 9. Global Market Analysis and Forecast, By PCR Content 9.1. 20% PCR 9.2. 35% PCR 9.3. 50% PCR 9.4. 75% PCR 10. Global Market Analysis and Forecast, By Region 10.1. North America 10.2. Latin America 10.3. Western Europe 10.4. Eastern Europe 10.5. Asia Pacific 10.6. Middle East and Africa 11. North America Sales Analysis and Forecast, by Key Segments and Countries 12. Latin America Sales Analysis and Forecast, by Key Segments and Countries 13. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 14. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 15. Asia Pacific Sales Analysis and Forecast, by Key Segments and Countries 16. Middle East and Africa Sales Analysis and Forecast, by Key Segments and Countries 17. Sales Forecast by Product, End-User Application, and PCR Content for 30 Countries 18. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 19. Company Profile 19.1. National Scientific 19.2. Vitl Life Science Solutions 19.3. BioPointe Scientific 19.4. Eppendorf 19.5. Brooks Life Sciences SSIbio 19.6. Starlab, Green BioResearch 19.7. Bio-Rad 19.8. Excel Scientific 19.9. PlateSeal
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PCR Films Market
