According to a market report by Lucintel, the future of the global multi material recycling Market looks promising with opportunities in the food and beverage, transportation, medical and pharmaceutical, and electronics industries. The global multi material recycling Market is expected to reach an estimated $23.9 billion by 2030 from $12.4 billion in 2023, at a CAGR of 9.7% from 2024 to 2030. The major drivers for this market are increasing government rules and regulations, growing environmental concern, and minimization of raw material extraction.
A 145-page report to understand trends, opportunity and forecast in multi material recycling market to 2030 by type (plastic, metal, and others) end use (food and beverages, transportation, medical and pharmaceutical, electronics, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that plastic is expected to remain the largest material segment over the forecast period due to increasing demand from packaging industry for multi-material recycled plastics.
Within this market, food and beverage will remain the largest end use segment due to the increasing use of multi-materials for producing cans, bottles, and jars in the industry.
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APAC will remain the largest segment over the forecast period due to increasing population, urbanization, and industrialization in the region.
DS Smith, Mondi, Amcor, Berry Global, Sonoco, Lacroix, Nefab Packaging, TetraPakare the major suppliers in the multi material recycling Market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1 972.636.5056
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