Post Consumer Recycled Plastics Market Report

Market Insights

"The global post-consumer recycled plastics market is likely to grow from USD 15.42 billion in 2021 to USD 22.37 billion by 2028 at an impressive CAGR of 5.38% during the forecast period."

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Introduction

Post-consumer recycled plastics are the plastics that are made from the recycling process of already used plastics, such as packaging material and electronics. This is produced to reduce the environmental impact of plastics on the earth.

Market Drivers

The growing demand for post-consumer recycled plastics is mainly due to industrialization and awareness regarding reducing the environmental impact of plastics through the process of recycling. The market drivers for post-consumer recycled plastics are the growing consciousness about the environment and global policies and corporate social responsibilities. There is a growing demand for such products by industries that are looking for environment-friendly products to cut their impact on the environment. Stringent technological advancements in recycling processes raise the standard and applicability of recycled plastics. However, market growth has its difficulties because of the unpredictability of raw material availability, costly processing, and uneven quality. Educational and technological alliances need to be formed with other stakeholders to pull together and combat these hindrances to maintain the market’s progression.

Segment Analysis

Service Trends

"The recycling segment accounted for the largest market share."

Based on the service type, the market is segmented as collection & transportation, recycling, incineration, and landfills/disposal. The recycling segment held the largest segment of the market in 2020, and is expected to remain dominant during the forecast period, owing to increasing number of plastic recycling plants all over the globe as mandated by the strict regulations of governments for recycling plastics.

Polymer Trends

"The polyethylene terephthalate (PET) segment accounted for the largest market share."

Based on the polymer type, the market is segmented as polyethylene terephthalate (PET), high-density polyethylene (HDPE), low-density polyethylene (LDPE), polypropylene (PP), polyvinyl chloride (PVC), polyurethane (PUR), polystyrene (PS), and others. The polyethylene terephthalate (PET) segment is expected to remain dominant as well as the fastest-growing segment during the forecast period, due to its wide range of applications, such as in food packaging, electronics, and pharmaceutical packaging and its specific properties such as moisture-resistant, non-absorbent, and non-fluorescent.

End-Use Trends

"The packaging segment accounted for the largest market share."

Based on the end-use application type, the post-consumer recycled plastics market is segmented as packaging, building & construction, automotive, furniture, and others. The packaging application leads the market and is also estimated to be the fastest-growing segment during the forecast period, owing to surge in population and increasing spending power of people, which is giving rise to the construction of new houses in the urban and sub-urban areas globally, and growth in the construction of non-residential buildings and institutes is also a major reason for the dominance of this segment.

Regional Insights

"North America accounted for the largest market share."

In terms of regions, North America is expected to be the fastest-growing market for post-consumer recycled plastics during the forecast period. The region’s growth is owing to the technological innovations in the waste management industry and government regulations regarding the disposal, collection and recycling of plastic waste. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

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Key Players

Some of the major post-consumer recycled plastic manufacturers are:

• Biffa plc
• Clean Harbors, Inc.
• DS Smith plc
• Remondis
• Republic Services, Inc.
• Stericycle
• Suez SA
• Veolia Environment SA
• Waste Connections, Inc.
• Waste Management Inc.

Note: The above list does not necessarily include all the top players in the market.

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Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

What deliverables will you get in this report?

The post-consumer recycled plastics market is segmented into the following categories:

By Service Type:

• Collection & Transportation
• Recycling
• Incineration
• Landfills/Disposal

By Polymer Type:

• Polyethylene Terephthalate (PET)
• High-Density Polyethylene (HDPE)
• Low-Density Polyethylene (LDPE)
• Polypropylene (PP)
• Polyvinyl Chloride (PVC)
• Polyurethane (PUR)
• Polystyrene (PS)
• Others

By Processing Type:

• Chemical Process
  • (Processing Type Analysis: Chemolysis, Pyrolysis, Hydrogen Technologies, and Gasification)
• Mechanical Process
• Biological Process

By End-Use Application Type:

• Packaging

• Building & Construction
• Automotive
• Furniture
• Others

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 

• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s post-consumer recycled plastics market realities and future market possibilities for the forecast period of 2021 to 2026. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.