The report forecasts the global recyclable packaging materials market to grow at a CAGR of 7.36% during the period 2016-2020.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One of the trends for market growth will be need to eliminate waste and innovative packaging products. The dumping of packaging waste in landfills leads to environmental hazards because the toxic content in the waste seeps into the ground and contaminates the water table. In addition, toxic particles and acids from packaging waste in landfills make the soil acidic. The unmanaged packaging waste dumped in landfills can cause uncontrolled fires, which are common in countries such as the US. The use of recyclable packaging materials will reduce the negative impact of the accumulated waste in landfills.
According to the report, growth in organized retail sector will be a key driver for market growth. In organized retailing, a licensed retailer sells a variety of goods. It is the modern form of chain or retail that are franchised or owned by a central store or entity. The stores are organized and employ improved storage technology than traditional or unorganized retail stores. Supermarkets, forecourt retailers, hypermarkets, discounters, and convenience stores are the various organized retail formats.
Further, the report states that fragmented nature of the marketplace will be a challenge for the market.
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by type of materials
PART 07: Market segmentation by types of end-users