Market Business Insights Post-Consumer Recycled Plastics Market
Request Sample Buy Now

Market Outline

The global market for post-consumer recycled plastics is expected to experience significant growth in the coming years. Post-consumer recycled plastics refer to the process of recycling plastic waste from consumer products and giving them a new life by transforming them into new products. This market is driven by various factors such as increasing urban population, rapid industrialization, and growing concern towards the environmental impact of plastic waste.

In terms of revenue, the market is projected to reach USD 14.17 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 5.80% to reach USD 22.24 billion by 2030. This growth can be attributed to the rising demand for sustainable solutions and the shift towards a circular economy.

The market is segmented based on polymer type, service, and end-use application. Among these segments, the polymer type segment holds the largest share with a share of 53.2%. Sub-segments in this category include PET, HDPE, and PP. The service segment, which includes collection & transportation, recycling, landfills, and incineration, holds a share of 37.8%. The end-use application segment, which includes packaging, building & construction, automotive, furniture, and electronics, holds a share of 9%.

North America is the largest region in terms of market share, driven by stringent regulations on plastic waste management and a high level of awareness among consumers. On the other hand, the Asia Pacific region is expected to be the fastest-growing market due to rapid industrialization, increasing urbanization, and rising disposable income.

However, the market also faces certain challenges. The high cost of recycling is a major restraint for the market, making it less economically feasible for some companies to invest in recycling infrastructure. Additionally, there is a lack of awareness about the benefits of recycled plastics among consumers and a relatively low demand for recycled plastics, which hinders market growth.

Nevertheless, there are opportunities for growth in the market. Government regulations on plastic waste management are driving the adoption of recycled plastics. The packaging industry is also witnessing a growing demand for recycled plastics due to increased focus on sustainability. Moreover, increased investment in recycling infrastructure presents an opportunity for market expansion.

Overall, the market for post-consumer recycled plastics is poised for growth in the coming years, driven by increasing environmental concerns and the demand for sustainable solutions.

Market Key Points

- The post-consumer recycled plastics market is projected to reach a revenue of USD 14.17 billion in 2022 and is expected to grow to USD 22.24 billion by 2030, with a CAGR of 5.80%.

Report Snapshot

Base Year 2021
Forecast Year 2022 - 2030
Revenue 2022 USD 14.17 Billion
Revenue 2030 USD 22.24 Billion
CAGR 5.80%
Fastest Growing Region North America
Largest Region Asia Pacific

- The polymer type segment, with a share of 53.2%, is dominated by PET, HDPE, and PP.

- The service segment, with a share of 37.8%, includes collection and transportation, recycling, landfills, and incineration.

- The end-use application segment, with a share of 9%, is driven by packaging, building and construction, automotive, furniture, and electronics.

- Key companies operating in the post-consumer recycled plastics market include Clear Path Recycling, Evergreen Plastics, Mohawk Industries, Recycling Technologies, and Suez Recycling and Recovery.

- The largest market region for post-consumer recycled plastics is North America, while the fastest-growing region is Asia Pacific.

- Drivers for the market include increasing urban population, rapid industrialization, and growing concern towards the environmental impact of plastic waste.

- Restraints for the market include the high cost of recycling, lack of awareness about the benefits of recycled plastics, and low demand for recycled plastics.

- Opportunities in the market include government regulations on plastic waste, growing demand for recycled plastics in the packaging industry, and increased investment in recycling infrastructure.

Market Dynamics (DRO)

Drivers:

1. Increasing urban population: The global population is becoming more urbanized, leading to a significant increase in plastic waste generated. This drives the demand for post-consumer recycled plastics as a sustainable solution to manage and reduce plastic waste.

2. Rapid industrialization: Industrialization leads to greater production and consumption of plastic products, resulting in increased plastic waste generation. To mitigate the environmental impact of plastic waste, there is a growing need for post-consumer recycled plastics.

3. Growing concern towards the environmental impact of plastic waste: With the increasing awareness of the harmful effects of plastic waste on the environment, there is a growing demand for sustainable solutions. Post-consumer recycled plastics help reduce the carbon footprint associated with plastic production and contribute to a circular economy.

Restraints:

1. High cost of recycling: Recycling plastics can be expensive compared to producing new plastics from virgin materials. The high cost of collection, sorting, cleaning, and processing of post-consumer plastics poses a restraint to the wider adoption of recycled plastics.

2. Lack of awareness about the benefits of recycled plastics: Many consumers and businesses are still not fully aware of the benefits and uses of post-consumer recycled plastics. This lack of awareness hampers the demand for recycled plastics and restricts market growth.

3. Low demand for recycled plastics: Despite the environmental benefits, the demand for recycled plastics is still relatively low compared to new plastics. This could be due to concerns about the quality and performance of recycled plastics, as well as the availability of cheaper alternatives.

Opportunities:

1. Government regulations on plastic waste: Governments worldwide are implementing regulations to reduce plastic waste and promote the use of recycled materials. These regulations create opportunities for the post-consumer recycled plastics market, as companies need to comply with recycling targets and guidelines.

2. Growing demand for recycled plastics in the packaging industry: Packaging industry is one of the major consumers of plastics. The increasing demand for sustainable packaging solutions has created a significant opportunity for post-consumer recycled plastics, as they offer a more environmentally friendly alternative to virgin plastics.

3. Increased investment in recycling infrastructure: With the growing awareness and demand for recycled plastics, there is a need for improved recycling infrastructure. Increased investment in recycling technologies and facilities presents opportunities for the expansion of the post-consumer recycled plastics market.

Overall, the drivers for the post-consumer recycled plastics market include increasing urban population, rapid industrialization, and growing concern towards environmental impact. Restraints include the high cost of recycling, lack of awareness, and low demand. There are opportunities arising from government regulations, demand in the packaging industry, and investment in recycling infrastructure.

Post-Consumer Recycled Plastics Market Segment Insights

The post-consumer recycled plastics market can be segmented based on polymer type, service, and end-use application.

1. Polymer Type:

- PET (Polyethylene Terephthalate): PET is expected to dominate the post-consumer recycled plastics market with a share of 53.2%. This can be attributed to the widespread use of PET in packaging products such as bottles and containers.

- HDPE (High-Density Polyethylene): HDPE is another significant segment in the market. It is commonly used in the production of pipes, bottles, and packaging materials.

- PP (Polypropylene): PP is a versatile polymer used in various applications such as automotive parts, consumer goods, and packaging materials.

2. Service:

- Collection & Transportation: This segment plays a crucial role in the post-consumer recycled plastics market. It involves the collection and transportation of plastic waste to recycling facilities.

- Recycling: Recycling services encompass the sorting, cleaning, and processing of plastic waste to create recycled plastic materials.

- Landfills: Despite efforts to promote recycling, some plastic waste still ends up in landfills. This segment focuses on managing plastic waste in landfills.

- Incineration: Incineration involves the controlled burning of plastic waste to generate energy. While not an ideal solution, it helps in reducing the volume of plastic waste.

3. End-use Application:

- Packaging: The packaging industry is a major user of recycled plastics. With increasing awareness about sustainable packaging, the demand for recycled plastics in this segment is expected to grow.

- Building & Construction: Recycled plastics find applications in various building and construction products such as pipes, insulation materials, and roofing sheets.

- Automotive: The automotive industry utilizes recycled plastics for manufacturing various components, including interior trim, bumpers, and structural parts.

- Furniture: Recycled plastics are increasingly used in the production of furniture, including chairs, tables, and cabinets.

- Electronics: The electronics industry is also adopting recycled plastics for manufacturing components such as casings and packaging materials.

Each segment offers unique opportunities and challenges in the post-consumer recycled plastics market. Understanding these segments allows businesses to identify target areas for growth and develop effective strategies to capitalize on the market potential.

Regional Insights

The regional analysis of the post-consumer recycled plastics market indicates that North America is the largest region, accounting for a significant share of the market revenue. This can be attributed to the presence of well-established recycling infrastructure, strict government regulations, and growing consumer awareness about the environmental impact of plastic waste.

On the other hand, the Asia Pacific region is expected to be the fastest-growing region in the forecast period. This can be attributed to the rapid industrialization and urbanization in countries like China and India, leading to increased plastic waste generation. Additionally, the growing concern towards the environmental impact of plastic waste and the implementation of stringent regulations by governments in the region are driving the demand for post-consumer recycled plastics.

With increasing urban population and rapid industrialization being the key drivers for the market, regions experiencing these trends are expected to contribute significantly to the market growth. Additionally, the growing concern towards the environmental impact of plastic waste is further fueling the demand for post-consumer recycled plastics.

However, the high cost of recycling and the lack of awareness about the benefits of recycled plastics are some of the restraints affecting the market growth. The high cost of recycling and the lack of proper recycling infrastructure make it challenging for companies to adopt recycled plastics. Additionally, the low demand for recycled plastics from end-use industries further inhibits market growth.

Nevertheless, there are opportunities for the market due to government regulations on plastic waste. Governments across various regions are implementing strict regulations to reduce plastic waste and promote recycling. This is creating opportunities for companies in the post-consumer recycled plastics market. Furthermore, the growing demand for recycled plastics in the packaging industry and increased investments in recycling infrastructure are expected to drive market growth in the coming years.

Overall, the regional outlook for the post-consumer recycled plastics market highlights North America as the largest region and the Asia Pacific as the fastest-growing region. The market is driven by factors such as increasing urban population, rapid industrialization, and growing concern towards the environmental impact of plastic waste. However, challenges such as high recycling costs and low demand for recycled plastics need to be addressed, while opportunities arising from government regulations and increased demand in the packaging industry should be capitalized on.

Key Market Trends

In recent years, there have been several market trends in the post-consumer recycled plastics industry. These trends are shaping the growth and development of the sector. Some of these trends include:

1. Growing demand for recycled plastics: There is a growing global concern about the environmental impact of plastic waste, which has led to an increased demand for recycled plastics. Consumers and businesses are becoming more conscious of sustainable practices and are actively seeking out products made from recycled materials.

2. Government regulations: Governments around the world are implementing regulations and policies to reduce plastic waste and promote recycling. These regulations are driving the adoption of post-consumer recycled plastics, as businesses need to comply with sustainability targets and waste management requirements.

3. Investment in recycling infrastructure: To meet the growing demand for recycled plastics, there is an increased investment in recycling infrastructure. This includes the development of advanced recycling technologies, expansion of recycling facilities, and improvement of collection and transportation systems.

4. Advancements in recycling technologies: The post-consumer recycled plastics industry is experiencing advancements in recycling technologies, such as chemical recycling and mechanical recycling. These technologies enable the efficient and cost-effective processing of different types of plastic waste into high-quality recycled plastics.

5. Collaboration and partnerships: Companies in the post-consumer recycled plastics market are increasingly collaborating and forming partnerships to enhance their capabilities and market reach. These collaborations enable knowledge sharing, access to new markets, and the development of innovative recycling solutions.

6. Growing demand in end-use applications: The use of post-consumer recycled plastics is expanding across various end-use applications, such as packaging, building and construction, automotive, furniture, and electronics. This growing demand is driven by factors like increasing consumer preference for sustainable products and the incorporation of recycled materials in manufacturing processes.

7. Focus on circular economy: The concept of the circular economy, which promotes the recycling and reuse of materials, is gaining traction in the post-consumer recycled plastics industry. Companies are focusing on creating closed-loop systems, where plastic waste is collected, recycled, and used to produce new products, thereby reducing the reliance on virgin plastics.

Overall, the post-consumer recycled plastics industry is witnessing significant growth and advancements as businesses and governments seek sustainable solutions to address plastic waste management. These trends indicate a promising future for the industry, with opportunities for market expansion and increased adoption of recycled plastics.

Key Companies Insight

In the post-consumer recycled plastics market, there are several key players competing for market share. Some of the prominent companies in the industry include:

1. Clear Path Recycling: Clear Path Recycling is a leading provider of recycled PET plastics. They focus on the collection and recycling of PET bottles, transforming them into high-quality recycled PET resin.

2. Evergreen Plastics: Evergreen Plastics specializes in the recycling of post-consumer and post-industrial HDPE and PP plastics. They offer a wide range of recycled plastic resins that can be used in various applications.

3. Mohawk Industries: Mohawk Industries is a global flooring manufacturer that utilizes recycled plastics in its products. They are committed to sustainability and have implemented recycling initiatives to reduce their environmental footprint.

4. Recycling Technologies: Recycling Technologies is a UK-based company that has developed a proprietary technology called the RT7000. This technology enables the recycling of mixed plastic waste into a valuable feedstock called Plaxx, which can be used in the production of new plastic products.

5. Suez Recycling and Recovery: Suez Recycling and Recovery is a multinational company that offers a wide range of waste management and recycling services. They have expertise in collecting, sorting, and processing various types of plastic waste.

These companies compete in various segments of the post-consumer recycled plastics market, offering different polymer types and services. They are constantly striving to innovate and improve their recycling processes to meet the growing demand for recycled plastics.

North America is the largest region in terms of revenue in the post-consumer recycled plastics market, while Asia Pacific is the fastest-growing region. This presents opportunities for companies to expand their operations and capture market share in these regions.

However, there are certain challenges that the industry faces. The high cost of recycling, lack of awareness about the benefits of recycled plastics, and low demand for recycled plastics are some of the restraints in the market.

Despite these challenges, there are opportunities for growth. Government regulations on plastic waste, the growing demand for recycled plastics in the packaging industry, and increased investment in recycling infrastructure are some of the factors that present opportunities for companies in the post-consumer recycled plastics market.

Overall, the competitive landscape of the post-consumer recycled plastics market is dynamic and constantly evolving. Companies need to focus on innovation, sustainability, and customer satisfaction to stay competitive in this industry.

Recent Developments

The post-consumer recycled plastics market has witnessed significant developments in recent years. One such development is the increasing use of recycled plastics in various industries. The packaging industry, in particular, has seen a growing demand for recycled plastics due to the shifting consumer preferences towards sustainable and eco-friendly packaging options. This has led to increased investment in recycling infrastructure and the development of innovative recycling technologies.

Government regulations on plastic waste have also played a key role in driving the market growth. Many countries and regions have implemented strict regulations to reduce plastic waste and promote recycling. This has created opportunities for companies in the post-consumer recycled plastics market to expand their operations and cater to the increasing demand for recycled plastics.

Furthermore, the market has witnessed the entry of new players and the expansion of existing companies. Clear Path Recycling, Evergreen Plastics, Mohawk Industries, Recycling Technologies, and Suez Recycling and Recovery are some of the key companies operating in this market. These companies have been actively investing in research and development to improve their recycling processes and increase the efficiency of recycled plastics production.

The North America region has emerged as the largest market for post-consumer recycled plastics, driven by the growing concern towards the environmental impact of plastic waste and the presence of stringent regulations. On the other hand, the Asia Pacific region is expected to witness the fastest growth during the forecast period. The region's rapid industrialization, increasing urban population, and rising awareness about sustainable practices have contributed to the market growth.

However, the market also faces certain challenges. High recycling costs and a lack of awareness about the benefits of recycled plastics are some of the restraints hindering market growth. Additionally, the low demand for recycled plastics in certain industries poses challenges for market players.

Overall, the post-consumer recycled plastics market is expected to witness steady growth in the coming years. Government regulations, increased investment in recycling infrastructure, and growing demand in the packaging industry present significant opportunities for companies in this market. However, addressing the challenges and raising awareness about the benefits of recycled plastics will be crucial for market growth.

Report Coverage

Companies Covered
  • Clear Path Recycling
  • Evergreen Plastics
  • Mohawk Industries
  • Recycling Technologies
  • Suez Recycling and Recovery

Above list is not exhaustive, you can add required companies.
Segments Covered
  • Polymer Type
    • PET
    • HDPE
    • PP
  • Service
    • Collection & Transportation
    • Recycling
    • Landfills
    • Incineration
  • End-use Application
    • Packaging
    • Building & Construction
    • Automotive
    • Furniture
    • Electronics

Segment can be customized. You can ask for customization.
Purchase Option Avail of customized purchase options to meet your exact research needs. Explore purchase options

Post-Consumer Recycled Plastics Report FAQ

The Post-Consumer Recycled Plastics market is expected to be worth USD XX billion in 2022, rising at a CAGR of XX percent to USD XX billion by 2030.
Globally established firms such as dominate the Post-Consumer Recycled Plastics market. To gain traction in this increasing Post-Consumer Recycled Plastics industry, these organisations focus on producing new goods, implementing expansion plans, and engaging in collaboration...
Post-Consumer Recycled Plastics Market production remained significantly disrupted by the COVID-19 pandemic. The global production of Post-Consumer Recycled Plastics pre-COVID was expected to grow from XX million units in 2020 to XX million units by 2025, with the major markets in the applicat...
When the lockdown Post-Consumer Recycled Plastics market is released, the market will make up for the losses it has sustained by 2024.
During the projection period, the worldwide Post-Consumer Recycled Plastics market is expected to see a significant growth in demand for residential applications.
The global Post-Consumer Recycled Plastics market is divided into three categories: type, application, and region.

We Accept
Select License
Includes
  • Purchase Report Sections
  • Regional analysis
  • Segmentation analysis
  • Industry outlook
  • Competitive landscape
Latest Reports