Food-grade PCR packaging to hit 6.69 MT by 2029
In the dynamic landscape of packaging, the rise of post-consumer recycled (PCR) materials has emerged as a key player, particularly in the food-grade sector. Find out how continuous monitoring has scaled up PCR packaging in this report of Smithers, in a review.
23 May 2024 | By Aditya Ghosalkar
By the year 2029, the global consumption of food-grade PCR material is projected to soar to 6.69 million tonnes. Notably, Asia is poised to witness the highest growth rate in the consumption of food-grade PCR packaging, with a 8.7% compound annual growth rate (CAGR). However, Europe currently leads the charge as the largest market for food-grade PCR packaging, consuming 3.6 million tonnes by 2029.
But with such growth comes a host of challenges and considerations. Chief among these is the issue of ensuring food safety while utilising PCR materials. The report underscores the critical importance of addressing this concern, especially given the stringent regulations and heightened consumer expectations surrounding food contact materials.
One of the primary challenges facing the PCR for the food contact industry is the need to maintain stringent quality standards. While the demand for PCR packaging in fast-moving consumer goods (FMCG) and household products continues to surge, ensuring the safety and integrity of these materials remains paramount. This is particularly pertinent in sectors like cosmetics, where additional measures are required to guarantee that PCR materials meet stringent contact sensitivity standards.
Navigating these challenges requires a multifaceted approach. Producers of PCR content must prioritise measures to ensure the safety and compliance of their materials for food contact applications. Additionally, as regulations evolve—such as the Product Packaging Waste Regulations (PPWR)—the industry must adapt swiftly to meet recycling targets and comply with emerging standards.
Moreover, the advent of commercial-scale chemical recycling stands to revolutionise the supply chain of PCR plastics. This innovation promises to diversify the sources of PCR materials, potentially alleviating supply constraints and driving further growth in the market.
The methodology underpinning this comprehensive report is robust and thorough. Drawing on both primary and secondary research, including targeted interviews with industry stakeholders and extensive literature analysis, the report offers a nuanced understanding of the evolving landscape of PCR for food-grade applications.
Who stands to benefit from this invaluable resource? Raw material suppliers, recycled material suppliers, converters, and packaging manufacturers alike can leverage the insights contained within this report to navigate the complexities of the PCR landscape, seize emerging opportunities, and stay ahead in an increasingly competitive market.
As the demand for sustainable packaging solutions continues to escalate, the future of PCR for food-grade applications presents both challenges and opportunities. By embracing innovation, adhering to rigorous quality standards, and staying attuned to regulatory developments, stakeholders can unlock the full potential of PCR materials while ensuring the safety and integrity of the food products they protect.
The Future of PCR for Food-grade Applications to 2029 is available to purchase. It is priced at USD 6,750.