Market Share of PCR Packaging Industry
The PCR Packaging market is fragmented owing to a large number of players in the market. With the fierce competition, the players in the market are opting for various strategic initiatives to strengthen their position in the market. Some players are investing in product development and also forming partnerships and collaborations.
- July 2022 - The Design4Circularity initiative, which includes Clariant, Siegwerk, Borealis, and Beiersdorf, developed a colorless personal care bottle with 100% post-consumer recyclate (PCR) content, which features a printed deinkable full-body shrink sleeve for design differentiation. The collaboration between these personal care industry players aims to develop circular packaging solutions by accounting for each step of the development process. The initiative will create solutions that support plastic waste reduction, less use of virgin plastic material, and lower climate impact.
- May 2022 - Canada-headquartered paper products and packaging giant Cascades unveils 100% PCR packages and is selling a 100% RPET food tray. The recyclable tray has an innovative design that makes it compatible with packaging equipment already in use by food processors and retailers. The company said it has invested over USD 23 million into developing 100% RPET packaging.
PCR Packaging Market Leaders
Berry Global
Amcor plc
ePac Holdings, LLC
Mondi plc
Transcontinental Inc.
*Disclaimer: Major Players sorted in no particular order
