Market Size –
The post-consumer recycled plastics market size has grown strongly in recent years. It will grow from <b>$15.07 billion in 2023 to $16.06 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. </b> 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 <b>$20.26 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. </b> 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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Scope Of Post-Consumer Recycled Plastics Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Post-Consumer Recycled Plastics Market Overview
Market Drivers –
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.
Market Trends –
Technological advancement is a key trend in the post-consumer recycled plastics market. Major companies involved in post-consumer recycled plastics are focusing on developing new technological solutions adaptable to other elements, fueling the growth of technologies such as AI-powered sortation, which advances the circular economy for recycled plastics. For instance, in April 2021, AMP Robotics Corp., a pioneer in artificial intelligence (AI), robotics, and infrastructure for the waste industry, deployed six AI-guided robotic sorting systems with Evergreen, one of the nation’s largest recyclers of PET bottles. AMP’s technology identifies and sorts green and clear PET from post-consumer bales of plastic soft drink bottles, which Evergreen recycles into reusable flakes or pellets (rPET) and sells to end markets as feedstock for new containers and packaging.
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
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Regional Insights –
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.
Key Companies –
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
Table of Contents
1. Executive Summary
2. Post-Consumer Recycled Plastics Market Report Structure
3. Post-Consumer Recycled Plastics Market Trends And Strategies
4. Post-Consumer Recycled Plastics Market – Macro Economic Scenario
5. Post-Consumer Recycled Plastics Market Size And Growth
…..
27. Post-Consumer Recycled Plastics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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