Growth opportunities for food-grade PCR exist in Asia-Pacific

According to the latest Smithers’ market report, the 2024 global consumption of food-grade recycled packaging was one-million metric tonnes. Between 2019 and 2024, annual growth in market volume averaged more than 9%, driven by strong demand in end-use sectors such as food and drinks, as well as greater emphasis on the use of recycled material in the manufacture of plastics packaging.