North America Post-consumer Recycled Plastics In Food Packaging Market To Reach $759.22 Million By 2030

North America Post-consumer Recycled Plastics In Food Packaging Market Growth & Trends

The North America post-consumer recycled plastics in food packaging market size is anticipated to reach USD 759.22 million by 2030, growing at a CAGR of 11.5% during the forecast period, according to a new report by Grand View Research, Inc. Increasing awareness and concerns about environmental sustainability have spurred the demand for eco-friendly alternatives, prompting industries to adopt post-consumer recycled plastics as a viable solution.

The growing consumer preference for sustainable products and packaging solutions is fueling the demand for post-consumer recycled plastics as companies strive to meet evolving consumer expectations and sustainability goals. Moreover, advancements in recycling technologies have improved the quality and versatility of recycled plastics, making them increasingly competitive with virgin plastics. With sustainability becoming a key focus for businesses and consumers alike, the market is poised to witness continued growth, driving innovation and contributing to more sustainable plastic consumption and waste management.

The market players are focusing on various strategic initiatives such as mergers, acquisitions, and collaborations. For instance, in November 2023, Berlin Packaging, a global hybrid packaging supplier, collaborated with the Association of Plastic Recyclers (APR) on a bottle sample program to assist in the designing and testing of recyclable polyethylene terephthalate (rPET) plastic packaging, which would be compatible with the North American recycling system. Through this collaboration, Berlin Packaging offers small quantities of specific PET bottles required for PET recyclability testing protocols in third-party testing laboratories to achieve APR Design for Recyclable Recognition certification.

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North America Post-consumer Recycled Plastics In Food Packaging Market Report Highlights

• Based on raw material, the bottles segment held the largest share, accumulating USD 150.51 million revenue in 2023. This can be attributed to the rising demand for circular packaging options.

• Based on recycling method, the chemical segment held a significant share and is expected to garner the fastest CAGR of 19.0% over the forecast period, owing to the advent of advanced chemical technologies.

• Based on plastic type, the polyethylene terephthalate (PET) segment is expected to witness a rapid growth over the forecast period, due to the favorable governmental policies.

• The U.S. was the leading manufacturer of post-consumer recycled plastics in food packaging in the North America region and captured around 70.0% of the revenue market share in 2023.

North America Post-consumer Recycled Plastics In Food Packaging Market Segmentation

Grand View Research has segmented the North America post-consumer recycled plastics in food packaging market based on raw material, recycling method, plastic type, and country:

North America Post-consumer Recycled Plastics In Food Packaging Raw Material Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Bottles

• Food containers

• Trays and clamshells

• Other Packaging Waste

North America Post-consumer Recycled Plastics In Food Packaging Recycling Method Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Chemical

• Mechanical

North America Post-consumer Recycled Plastics In Food Packaging Plastic Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Polypropylene (PP)

• Polyethylene Terephthalate (PET)

North America Post-consumer Recycled Plastics In Food Packaging Country Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• U.S.

• Canada

• Mexico

List of Key Players in the North America Post-consumer Recycled Plastics In Food Packaging Market

• Celanese Corporation

• BASF SE

• SABIC

• Eastman Chemical Company

• Exxon Mobil Corporation

• Novolex

• DOW, Inc.

• Veolia Group

• Plastic Recycling, Inc.

• ReVital Polymers

• KW Plastics

• NaturaPCR (Waste Management)

• PetStar

• Revolution Company

• PureCycle Technologies, Inc.