Overview and Scope
Post-consumer recycled plastics refer to a substance manufactured from products that customers recycle daily, such as aluminium, cardboard boxes, paper, and plastic bottles. Post-consumer recycled plastics are used to or make packaging films, containers, sheets, and many products that would otherwise be developed with virgin plastic resin.
Sizing and Forecast
The post-consumer recycled plastics market size has grown strongly in recent years. It will grow from $15.07 billion in 2023 to $16.06 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to corporate sustainability initiatives, consumer demand for sustainable products, voluntary industry initiatives, infrastructure for plastic waste collection, reduced dependence on virgin plastics, economic incentives for recycling..
The post-consumer recycled plastics market size is expected to see strong growth in the next few years. It will grow to $20.26 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to rising global plastic waste concerns, extended producer responsibility (epr) programs, green labeling and certification, consumer education and advocacy, expansion of collection infrastructure, influence of global sustainability goals.. Major trends in the forecast period include growing awareness of plastic pollution, advancements in recycling technologies, government regulations and policies, focus on closed-loop recycling systems, development of pcr content standards, collaborations across the value chain, economic incentives for recycling..
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Segmentation & Regional Insights
The post-consumer recycled plastics market covered in this report is segmented –
1) By Type: Polypropylene (PP), Polystyrene (PS), Polyethylene (PE), Polyvinyl Chloride (PVC), Polyurethane (PUR), Polyethylene Terephthalate (PET), Other Types
2) By Service: Collection And Transportation, Recycling, Incineration, Landfill
3) By End-Use: Packaging, Building And Construction, Automotive, Electronics, Furniture, Other End-Uses
Top Major Players:
Veolia Environnement SA
Suez SA
Biffa PLC
DS Smith PLC
Genpak LLC
Asia-Pacific was the largest region in the post-consumer recycled plastics market in 2023.
Asia-Pacific was the largest region in the post-consumer recycled plastics market in 2023. North-America is expected to be the fastest-growing region in the forecast period. The regions covered in the post-consumer recycled plastics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increase in demand for non-residential construction projects is expected to propel the growth of the post-consumer recycled plastics market going forward. Non-residential construction refers to any buildings, whether permanent or temporary, that are not meant for private occupation. In a wide range of applications, recycled plastics represent a feasible and low-emissions alternative materials for the construction of these buildings. Plastic trash, for example, can be utilized as an element in “green” concrete. In addition, recyclable polymers can be used in place of steel and brick. For instance, non-residential building construction is increasing as new projects are being implemented. In 2021, the construction of commercial buildings had increased by 13%. Therefore, increasing demand for non-residential construction projects is driving the post-consumer recycled plastics market.
Key Industry Players
Major companies operating in the post-consumer recycled plastics market report are Veolia Environnement SA, Suez SA, Biffa PLC, DS Smith plc, Genpak LLC, Envision Plastics Industries LLC, Multiplast Systems Inc., KW Plastics Inc., Clear Path Recycling LLC, Jayplas, Delta Plastics, Custom Polymers Inc., MBA Polymers Inc., Waste Management Inc., Republic Services Inc., Waste Connections Inc., Clean Harbors Inc., Remondis SE & Co. KG, Stericycle Inc., Plastipak Holdings Inc., CarbonLITE Industries LLC, Avangard Innovative LP, B. Schoenberg & Co. Inc., Mohawk Industries Inc., Omachron Plastics Inc., Otto Environmental Systems Inc., Closed Loop Partners, Ecoraster Inc., GridX LLC, Braskem
The post-consumer recycled plastics market report table of contents includes:
1. Executive Summary
2. Post-Consumer Recycled Plastics Market Characteristics
3. Post-Consumer Recycled Plastics Market Trends And Strategies
4. Post-Consumer Recycled Plastics Market – Macro Economic Scenario
5. Global Post-Consumer Recycled Plastics Market Size and Growth
..
31. Global Post-Consumer Recycled Plastics Market Competitive Benchmarking
32. Global Post-Consumer Recycled Plastics Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Post-Consumer Recycled Plastics Market
34.Post-Consumer Recycled Plastics Market Future Outlook and Potential Analysis
35. Appendix
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