Post-consumer resins (PCR) material is made from the process of recycling plastic materials that have completed their life cycle and are considered as wastes. Post-consumer resin (PCR) includes consumer packaging items such as plastic film, bottles, milk jugs, buckets, and also industrial packaging items such as IBC totes and poly drums. These items can be reprocessed into recycled plastic that’s used to make new products. The consistent efforts of manufacturers to reduce their carbon footprint has led to incremental growth in the application of PCR in the packaging industry.
MARKET DYNAMICS
The increasing restrictions and regulations imposed on the consumption of plastics have increased the demand for PCR closures, which is driving the market growth. Further, the rising demand for packaging products for several beverage products throughout the globe is accelerating the need for PCR. Moreover, the growing environmental awareness and effort to reduce carbon footprint in various countries is expected to propel the PCR closures market's growth in forecast years.
MARKET SCOPE
The “Global PCR Closures Market Analysis to 2028” is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the PCR closures market with detailed market segmentation by type, application, distribution channel, and geography. The global PCR closures market is expected to witness notable growth during the forecast period. The report provides key statistics on the market status of the leading PCR closures market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global PCR closures market is segmented on the basis of material type and application. Based on material type, the global PCR closures market is segmented into nylon, polyester, and others. On the basis of application, the market is segmented commercial and residential .
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global PCR closures market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South & Central America. The PCR closures market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the PCR closures market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the PCR closures market in these regions.
MARKET PLAYERS
The reports cover key developments in the PCR closures market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from PCR closures market are anticipated to lucrative growth opportunities in the future with the rising demand for PCR closures in the global market. Below mentioned is the list of few companies engaged in the PCR closures market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the PCR closures market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
-BK-BAGS
-Direct Imex Ltd
-Hebei Yifelt Import & Export Co., Ltd.
-Huahao Nonwovens Co., Ltd.
-KentPack
-Polyplex
-REBAGS.GR
-Rovi Packaging, S.A.
-Surya Laxmi Industries
-Wild Innovation Private Limited