Advanced Recycling Technologies Closing the Loop in CPG Packaging From Waste to Value

Advanced Recycling Technologies Market

Advanced Recycling Technologies Market to reach over USD 8.90 billion by the year 2031 - Exclusive Report by InsightAce Analytic

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Advanced Recycling Technologies Market Size, Share & Trends Analysis Report By Technology, (Pyrolysis/ Cracking, Gasification, Depolymerization, Microwave), Product Types (Naphtha, Heavy Gas Oil, Wax Residue), End User (Food and Beverage Packaging, Non-Food Packaging, Consumer Electronics, Infrastructure and Construction, Automotive)- Market Outlook And Industry Analysis 2031"

The global Advanced Recycling Technologies market is estimated to reach over USD 8.90 billion by 2024-2031, exhibiting a CAGR of 47.16% during the forecast period.

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The Circular Economy Revolution: How Sustainable Packaging is Shaping the Future of CPGs
The consumer packaged goods (CPG) industry is undergoing a significant transformation driven by a commitment to sustainability. This report explores the growing demand for circular polymers and the challenges and opportunities associated with this shift towards a more circular plastics economy.

Responding to the Call for Sustainability:
• CPGs Embrace Change: As consumers and policymakers prioritize environmental responsibility, many CPG companies are pledging to reduce their reliance on fossil fuels and virgin plastics.

• Focus on Recyclable Packaging: This commitment translates to a significant focus on using recyclable plastics for various products, including meal trays, bottles, caps, and flexible film wraps.

The Rise of Circular Polymers:
• Closing the Loop: Circular polymers offer a sustainable solution by utilizing recycled plastic waste as feedstock for new packaging materials. This approach reduces reliance on virgin plastics and minimizes environmental impact.

• Demand Outpaces Capacity: The demand for circular polymers is rapidly growing, but current production capacity struggles to keep pace. Expanding production capabilities is crucial to meet sustainability goals.

Advanced Recycling for High-Value Applications:
• Beyond Basic Recycling: Advanced recycling technologies go beyond traditional methods, enabling the production of circular polymers with specific molecular weight distributions and copolymers.

• Unlocking Potential: These advanced polymers are suitable for high-value applications, such as flexible food packaging, where performance and safety are critical.

Challenges and the Road Ahead:
• Bridging the Capacity Gap: Despite ongoing advancements in recycling technologies, limited production capacity for circular polymers remains a hurdle. Continued investment and innovation are essential to bridge this gap.

A Sustainable Future for Packaging:
The increasing adoption of circular polymers presents a significant opportunity for CPG companies to achieve their sustainability goals. By addressing capacity limitations and fostering ongoing innovation, the industry can create a more circular plastics economy, ensuring a sustainable future for packaging.

List of Prominent Players in the Advanced Recycling Technologies Market:
• BlueAlp Innovations BV
• Quantafuel ASA
• Mura Technology Limited
• Alterra
• Aduro Clean Technologies Inc.
• Brightmark
• GreenMantra Technologies
• Axens
• Agilyx
• Stena Metall
• Chevron Phillips Chemical Company LLC
• Honeywell International Inc.
• Plastic Energy
• Enerkem
• Loop Industries, Inc.
• Gr3n Recycling
• Carbios SA
• Pyrowave
• Polystyvert Inc.
• Recycling Avenue BV

Market Dynamics:
Drivers-
Government regulations all around the world and rising environmental awareness have increased the cause-driven nature of packaging solution marketing. In addition to assisting businesses in achieving their environmental objectives, recycled packaging solutions help them distinguish their products in the marketplace.

For instance, Amcor announced it to design all of its packaging to be recyclable or reusable by 2025. Factors like increasing urbanization and the rise in demand for off-the-shelf products are some factors that further drive the market. The growing solar energy market, due to increasing dependence on renewable energy sources, along with the subsidies available for energy storage,

is anticipated to contribute to the growth of the market, thus, accelerating the glass demand in the market. However, development and advancement in biodegradable plastics are hindering the market growth.

Challenges:
Making sure that materials are seen as recyclable and that materials have access to such areas are challenges, she said. "That entire infrastructure and connections of the value chain to ensure that a homeowner is aware of their ability to recycle it, then connecting those parts in the supply chain and ensuring there is enough of that material to scale up to end market needs. Another obstacle the sector is seeking to overcome is redefining advanced recycling as manufacturing as opposed to solid waste management.

Regional Trends:
Modern consumers' expectations and attitudes towards product packaging, as well as the stricter enforcement of laws governing clean production, food safety, and hygienic packaging, have put pressure on large downstream clients to gradually implement cutting-edge, inventive, environmentally friendly packaging solutions in nations like China,

India, and other Asian nations. For instance, China banned the majority of imports of various recyclables focused on garbage generated by its citizens at the end of 2017. The nation served as the largest global market for recovered plastics and other commodities. As a result, in January 2018, China only authorised the entry of 9.3 tonnes of plastic . Comparing this to the 3.8+ million tonnes that were authorised to be imported at the beginning of the year, it is estimated that this represents a more than 99% reduction.

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Recent Developments:
• In May 2019, The future tissue plant in Sherbrooke that KP Tissue Inc. and Kruger Products are building, which will include the most cutting-edge and effective TAD technology in Canada, was dedicated to the construction site. 180 employment in Estrie and 1,700 direct and indirect jobs will be generated by this USD 575 million investment throughout the course of the building phase, which will end in 2021.

Segmentation of Advanced Recycling Technologies Market-
By End User-
• Food and Beverage Packaging
• Non-Food Packaging
• Consumer Electronics
• Infrastructure and Construction
• Automotive
• Others

By Technology-
• Pyrolysis/ Cracking
• Gasification
• Depolymerization
• Microwave
• Others

By Product Type-
• Naphtha
• Heavy Gas Oil
• Wax Residue
• Others

By Region-
North America-
• The US
• Canada
• Mexico

Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific

Latin America-
• Brazil
• Argentina
• Rest of Latin America

Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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