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As per the latest report published by Future Market Insights, the curbside recyclable packaging market is expected to grow at a CAGR of 4%-4.5% annually over the upcoming decade between 2021 and 2031. Sales of curbside recyclable packaging are anticipated to reach millions of tonnes over the forecasted period.
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Curbside recyclable packaging is a type of packaging solution made from materials that are collected from home and recycled at recycling centres. Most of the curbside recyclable packaging is made from paper material which can be recycled easily. The curbside recyclable packaging has become an ideal replacement of bubble wrap packaging which are not eco-friendly.
The curbside recyclable packaging reduce the waste and help in saving fuels as some of the packaging solutions such as mailers, bags & pouches consume less space in transportation and are light in weight as compared to conventional packaging. The curbside recyclable packaging is the ideal option for non-recyclable packaging solutions.
A significantly intensifying shipping & logistic sector is generating the demand for secure, cost-effective, lighter, and eco-friendly packaging including curbside recyclable packaging. Furthermore, the consumers shifting towards eco-friendly and cost-effective packaging is anticipated to propel the demand for curbside recycling packaging during the coming years.
Curbside recyclable packaging is considered a sustainable packaging solution as it reduces the waste and lowers carbon footprints. Curbside recyclable packaging offers protection to the product and it is weather as well as water resistance.
Curbside recyclable packaging is one of the best solutions for consumers who always look for a sustainable and eco-friendly packaging solution, thereby it increases the demand for curbside recyclable packaging.
Several key players in the e-commerce sector are shifting towards curbside recyclable packaging. E-commerce industry requires a major portion of packaging to protect the products which include mailers, boxes, bags and others.
These all products are made of paper, kraft, and glassine which is light in weight, an excellent alternative for non-recyclable materials, and environmentally friendly. The aforesaid feature is anticipated to play a significant role in supplementing the sales of curbside recyclable packaging in the forecasted period.
Extracting and processing raw resources to make them usable materials requires a lot of energy.
Manufacturers use recycled materials because recycling often saves energy as the products being recycled usually require much less processing to turn them into usable materials. While recycling the products such as aluminium cans, plastic bottles and others the energy is saved which has become a trend for the production of curbside recyclable packaging among manufacturers. This energy saving process will boost the growth of curbside recyclable packaging.
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Lack of recycling facilities across the globe may hinder the growth of curbside recyclable packaging. Also, not having proper technology and infrastructure for the process of recyclability in the market will lower the sales and demand for curbside recyclable packaging.
Global Players:
Asian Players:
The key players adopt various strategies such as product launch, merger & acquisition, innovation and others to survive the competition in the market.
In the U.S., the key manufacturers in the market are choosing curbside recyclable packaging materials due to the shift from single-use plastic packaging to recyclable packaging by consumers.
Additionally, avoid adding to the environmental burden caused by producing and disposing of unnecessary materials consumers are considering curbside recyclable packaging. In the U.S. at least 50% of the curbside recyclable materials are collected from homes and 25% of all waste are sent to recycling centres and maximum materials are technically recycled. Thus, increasing the collection of recyclable materials will boost the sales and demand for curbside recyclable packaging in the U.S.
The COVID-19 pandemic has a positive impact on the growth of the curbside recyclable packaging market due to the escalation of online delivery platforms. The inclination of consumers towards recyclable and environmentally friendly packaging solutions during this pandemic is propelling the demand for curbside recyclable packaging.
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