The global PCR plastic packaging market size anticipated to rise from USD 39.78 billion in 2022 to obtain a projected USD 72.93 billion by 2032 at a growing CAGR of 6.3% between 2023 and 2032.
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PCR, also called post-consumer recycled material, is a phrase used to describe plastics, such as PP, PET, and HDPE, that are extensively recycled before being processed again to create a resin that is utilized to develop new packaging. Simply put, it refers to used plastic packaging or other crushed materials and given a second chance at life.
Plastic makes PCR plastic an economically and environmentally beneficial material. Manufacturers get an economical choice for their packaging by utilizing what we already find challenging to discard to safeguard the environment. They are reprocessing current polymers, reducing energy and fossil fuel consumption. Producer can still create a modern, robust plastic bottle while sparing the environment from excessive pollution and resource waste. PCR is a material that is easily accessible and offers a multitude of ways to enhance community recycling initiatives while ensuring a consistent flow of recycled goods.
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