Global Post Consumer Recycled Plastics Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2022 –2029 |
 Market Size (Base Year) |
USD 15.05 Billion |
 Market Size (Forecast Year) |
USD 15.96 Billion |
 CAGR |
% |
| Major Markets Players |
|
Global Post-Consumer Recycled Plastics Market, By Service (Collection and Transportation, Recycling, Incineration, Landfills/Disposal), Polymer Type (Polyethylene Terephthalate, High-Density Polyethylene, Low-Density Polyethylene, Polypropylene, Polyvinyl Chloride, Polyurethane, Polystyrene, Others), Processing Type (Chemical Process, Mechanical Process, Biological Process), End-Use Application (Packaging, Building and Construction, Automotive, Furniture, Recycled Plastics, Others) - Industry Trends and Forecast to 2030.
Global Post-Consumer Recycled Plastics Market Analysis and Size
Plastic recycling is process within which plastic wastes turn into useful products. Large production of non-biodegradable plastic across the globe is supporting plastic recycling to reduce soil pollution, water pollution, and air pollution which ultimately lowers carbon dioxide emissions and waste quantities.
Data Bridge Market Research analyses that the global post-consumer recycled plastics market which was USD 15.05 billion in 2022, is expected to reach USD 15.96 billion by 2030, and is expected to undergo a CAGR of 6.03% during the forecast period of 2023 to 2030. “Polyethylene terephthalate (PET) polyester segment” dominates the polymer type segment of the global post-consumer recycled plastics market part owing to its use in the production of high-quality fabrics and its ability to blend with other materials in order to enhance wrinkle-free and stain-resistant qualities. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Post-Consumer Recycled Plastics Market Scope and Segmentation
|
Report Metric |
Details |
|
Forecast Period |
2023 to 2030 |
|
Base Year |
2022 |
|
Historic Years |
2021 (Customizable to 2015-2020) |
|
Quantitative Units |
Revenue in USD Thousand, Volumes in Tons, Pricing in USD |
|
Segments Covered |
Service (Collection and Transportation, Recycling, Incineration, Landfills/Disposal), Polymer Type (Polyethylene Terephthalate, High-Density Polyethylene, Low-Density Polyethylene, Polypropylene, Polyvinyl Chloride, Polyurethane, Polystyrene, Others), Processing Type (Chemical Process, Mechanical Process, Biological Process), End-Use Application (Packaging, Building and Construction, Automotive, Furniture, Recycled Plastics, Others) |
|
Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
|
Market Players Covered |
Veolia (France), SUEZ (France), WM Intellectual Property Holdings, L.L.C. (Texas), Stericycle (U.S.), CLEAN HARBORS, INC. (U.S.), REMONDIS SE & Co. KG (Germany), Biffa (U.K.), DS Smith (U.K.), Eco-Products, Inc. (U.S.), Placon (U.S.), Amcor plc (U.K.), Alpha Packaging (U.S.), Seventh Generation Inc. (U.S.), Mondi (U.K.), Berry Global Inc. (U.S.), Sealed Air (U.S.), and Coveris (U.K.) |
|
Market Opportunities |
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Market Definition
The global post-consumer recycled plastic market refers to the industry that deals with the collection, processing, and utilization of plastic materials that have been previously used by consumers and then recycled into new products or packaging materials. This market plays a crucial role in addressing environmental concerns related to plastic waste and reducing the demand for virgin plastic production.
Global Post-Consumer Recycled Plastics Market Dynamics
Drivers
- Recycling and Sustainability
Robots and artificial intelligence (AI) are assisting the business world in dealing with recycling and sustainability. This is due to the coronavirus pandemic, not more research into this technology. There is currently no perfect reverse logistics robot to solve the used plastic bottle problem. However, robots and AI systems are being developed to improve assembly line separation of useful or recyclable plastics from those that cannot be recycled. Human workers are also being replaced by robots in the lifting, sorting, and transportation of packages.
- Plastics with Recycled Content Are Being Mandated by Governments
Recycled content regulations have emerged as an economic tool to help drive demand for post-consumer resin (PCR), advance markets for recycled plastics, and drive a circular economy. Furthermore, the implementation of PCR minimum requirements can increase the value of recycled materials, which can help improve recycling economics and drive investment and innovation.
Opportunity
- Reusing Plastic Waste
In response to public outrage over global plastic pollution, the chemical industry is beginning to mobilise on the issue. How industry leaders are moving beyond the use-once-and-throw-away mentality that has defined the plastics industry's history and embracing a broader definition of product stewardship that includes dealing with plastics waste. It is not only what society expects and is becoming a requirement for the industry to keep its operating licence, but it could also represent a significant and profitable new business opportunity.
Restraint/Challenge
- Stringent Regulations and Harmful Effects
Stringent competition from virgin plastics and lack of awareness regarding recycled products are major factors anticipated to hamper growth of the global plastic recycling market over the forecast period. Government support to use of recycled plastics in developed countries and increasing use of recycled plastic in textile industry can create lucrative opportunity for players operating in the global post-consumer recycled plastics market.
Recent Development
- In August 2022, Veolia executes a unilateral put agreement in which Macquarie Asset Management irrevocably agrees to acquire 100% of the share capital of Suez Recycling and Recovery UK Group, which regroups Suez waste operations in the United Kingdom. The proceeds from the sale will be around €2.40 billion
- In June 2022, SUEZ and its partners Royal Bafokeng Holdings ("RBH") and African Infrastructure Investment Managers ("AIIM") have agreed to buy EnviroServ Holdings Proprietary Limited ("EnviroServ"). This acquisition will allow SUEZ to strengthen its position as an international player in industrial and municipal waste treatment activities, as well as in the African continent
Global Post-Consumer Recycled Plastics Market Scope
The global post-consumer recycled plastics Market is segmented on the basis of service, polymer type, processing type and end-use application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Service
- Collection & Transportation
- Recycling
- Incineration
- Landfills/Disposal
Polymer Type
- Polyethylene Terephthalate
- High-Density Polyethylene
- Low-Density Polyethylene
- Polypropylene
- Polyvinyl Chloride
- Polyurethane
- Polystyrene
- Others
Processing Type
- Chemical Process
- Mechanical Process
- Biological Process
End-Use Application
- Packaging
- Building & Construction
- Automotive
- Furniture
- Recycled Plastics
- Others
Global Post-Consumer Recycled Plastics Market Regional Analysis/Insights
The global post-consumer recycled plastics market is analyzed and market size insights and trends are provided by country, service, polymer type, processing type and end-use application as referenced above.
The countries covered in the global post-consumer recycled plastics market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific (APAC) dominates the global post-consumer recycled plastics market due to the increase in the demand for non-residential construction projects within the region. Europe is expected to witness high growth during the forecast period of 2023-2030 because of the adoption of circular economy practices to reduce the carbon footprint associated with plastic production in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Post-Consumer Recycled Plastics Market Share Analysis
The global post-consumer recycled plastics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global post-consumer recycled plastics market.
Some of the major players operating in the global post-consumer recycled plastics market are:
- Veolia (France)
- SUEZ (France)
- WM Intellectual Property Holdings, L.L.C. (Texas)
- Stericycle (U.S.)
- CLEAN HARBORS, INC. (U.S.)
- REMONDIS SE & Co. KG (Germany)
- Biffa (U.K.)
- DS Smith (U.K.)
- Eco-Products, Inc. (U.S.)
- Placon (U.S.)
- Amcor plc (U.K.)
- Alpha Packaging (U.S.)
- Seventh Generation Inc. (U.S.)
- Mondi (U.K.)
- Berry Global Inc. (U.S.)
- Sealed Air (U.S.)
- Coveris (U.K.)
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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