Post-consumer Recycled Plastics Market (Source - Bottles, Non-bottle Rigid, and Others; Polymer Type - Polyethylene Terephthalate (PET), High-density Polyethylene (HDPE), Low-density Polyethylene (LDPE), Polypropylene (PP), and Others; Processing Type - Chemical Process, Mechanical Process, and Biological Process; Application - Packaging, Furniture, Automotive, Building and Construction, and Other): Global Industry Analysis, Trends, Size, Share and Forecasts to 2030

A recent report published by Infinium Global Research on post-consumer recycled plastics market provides in-depth analysis of segments and sub-segments in the global as well as regional post-consumer recycled plastics market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional post-consumer recycled plastics market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global post-consumer recycled plastics market.

Market Insight:

The global post-consumer recycled plastics market was valued at USD 58.93 billion in 2022 and is expected to reach USD 93.81 billion in 2030, with a CAGR of 5.30% during the forecast period 2023-2030.

Post-consumer Recycled plastics (PCR plastics) refer to plastic materials that undergo reprocessing after being discarded by consumers. This recycling process involves transforming used plastic products into the same type of object, creating a closed-loop system that minimizes waste and contributes to sustainable resource management. This recycling method plays a crucial role in promoting sustainability. It reduces the demand for virgin plastics, conserves energy, decreases greenhouse gas emissions, and minimizes the amount of plastic waste in landfills. PCR plastics are vital in the transition towards a circular economy and eco-conscious manufacturing. By incorporating them into production, companies demonstrate a commitment to environmental responsibility and a reduction in their ecological footprint. PCR plastics contribute significantly to reducing plastic pollution and represent an essential step in adopting sustainable practices and resource conservation on a global scale.

The growing adoption of eco-friendly packaging products drives the growth of the post-consumer recycled plastics market. The post-consumer recycled plastics market is experiencing robust growth due to the increasing adoption of eco-friendly packaging products. As consumers and businesses become more environmentally conscious, there is a growing demand for sustainable packaging solutions. Post-consumer recycled plastics are a key component of this trend, as they enable the creation of packaging materials that reduce the need for virgin plastics, promote resource conservation, and minimize waste. This shift aligns with the broader sustainability goals of reducing environmental impact and plastic pollution. Consequently, the market for post-consumer recycled plastics is expanding as it plays a pivotal role in addressing these sustainability concerns within the packaging industry. Government-driven laws and regulations play a pivotal role in propelling the post-consumer recycled plastics market. These mandates are often designed to mitigate environmental impact, reduce plastic waste, and promote sustainable waste management practices. As businesses face increasing pressure to comply with these regulations, they are turning to post-consumer recycled plastics as a viable solution. This dynamic encourages innovation, fosters demand for eco-friendly products, and fuels the growth of the market, aligning it with broader environmental and sustainability objectives enforced by governments. On the flip side, the cost of manufacturing Post-consumer Recycled (PCR) plastics serves as a limiting factor for the PCR market. This cost is directly linked to the quantity of plastics being recycled. In simpler terms, the more plastic that needs to be recycled, the greater the financial restraint on the PCR market due to increased expenses associated with handling and processing larger volumes of recycled material. Moreover, increasing research and development investments in the recycling of plastics creates novel opportunities for the growth of the post-consumer recycled plastics market.

North America is expected to hold a premium share in the global post-consumer recycled plastics market. Material sorting infrastructures in the U.S. contribute to the growth of the post-consumer recycled plastics market in North America. Furthermore, North America has seen a substantial increase in environmental awareness, spurring a growing demand for sustainable products and eco-friendly packaging. Additionally, stringent government regulations and recycling initiatives have created a favorable environment for post-consumer recycled plastics. Moreover, major corporations in the region are actively embracing eco-conscious practices, further boosting the demand. Asia-Pacific region is anticipated to grow in the global post-consumer recycled plastics market over the forecast period. Technological developments regarding post-consumer recycled plastics in the Asia-Pacific region stimulate the growth of the post-consumer recycled plastics market in Asia-Pacific.

Report Scope of the Post-consumer Recycled Plastics Market:

Segment wise revenue contribution in the global post-consumer recycled plastics market

The report on global post-consumer recycled plastics market provides a detailed analysis of segments in the market based on Source, Polymer Type, Processing Type, and Application.

Segmentation Based on Source

·       Bottles

·       Non-bottle Rigid

·       Others

Segmentation Based on Polymer Type

·       Polyethylene Terephthalate (PET)

·       High-density Polyethylene (HDPE)

·       Low-density Polyethylene (LDPE)

·       Polypropylene (PP)

·       Others

Segmentation Based on Processing Type

·       Chemical Process

·       Mechanical Process

·       Biological Process

Segmentation Based on Application

·       Packaging

·       Furniture

·       Automotive

·       Building and Construction

·       Other

Company Profiled:

·       Veolia

·       Suez SA

·       Berry Global Inc.

·       Biffa

·       WM Intellectual Property Holdings, L.L.C

·       Stericycle, Inc.

·       REMONDIS SE & Co. KG

·       DS Smith

·       Placon

·       PLASTIC ENERGY

Report Highlights:

The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the post-consumer recycled plastics market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.