Report ID: UCMIG15H2031
Report ID:
UCMIG15H2031 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
During 2021, the worldwide market for recyclable packaging exhibited encouraging progress, attaining a significant valuation of USD 27.39 billion. With expectations of sustained advancement, this market is poised for further expansion, potentially attaining USD 41.82 billion by 2030. This projection aligns with a notable Compound Annual Growth Rate (CAGR) of 4.81% across the forecast span from 2022 to 2030. This growth is attributed to the escalating demand for environmentally conscious packaging solutions, showcasing the increasing importance of sustainability in the packaging industry.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Paper Packaging by segment aggregation, the contribution of the Paper Packaging in Diversified Materials and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG15H2031