Post-Consumer Recycled Plastics Market worth $112.99 billion by 2030, growing at a CAGR of 7.98% - Exclusive Report by 360iResearch

The "Post-Consumer Recycled Plastics Market by Plastic Type (High-Density Polyethylene, Low-Density Polyethylene, Polyethylene Terephthalate), Recycling Process (Biological Recycling, Chemical Recycling, Mechanical Recycling), Application - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Post-Consumer Recycled Plastics Market to grow from USD 65.97 billion in 2023 to USD 112.99 billion by 2030, at a CAGR of 7.98%.

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Post-consumer recycled packaging refers to reprocessed material made from sources that consumers recycle on a daily basis, which includes items such as aluminum, cardboard, paper, and plastics. As major brands are increasing their efforts to propel sustainability, PCR packaging is gaining traction. These materials are widely used in the packaging of goods, including coffee, pharmaceuticals, pet products, baked goods, snacks, and sports nutrition. Flat pouches, rollstocks, and stand-up pouches are some common examples of products of PCR packaging. Growing consumer and manufacturer awareness about diverse recycling practices and the environmental significance of recycling has propelled the demand for sustainable PCR packaging materials. The burgeoning food and pharmaceutical industry has necessitated rampant production of plastics for efficient and eco-friendly packaging of products made by these industries. However, manufacturing and technical complications associated with the production of post-consumer recycled plastics and packaging design complexity pose significant issues for manufacturers. Additionally, stringent regulations regarding recovery, recycling, and thickness of recycled bags and packaging dissuade investments in the sector. Government initiatives to promote recycling activities can overcome concerns raised by regulatory challenges. Efforts by major manufacturers to invest in the utilization of AI for waste management and the development of recycled plastics have significantly expanded the scope of the industry and enhanced the efficiency of recycling processes.

Recycling Process: Sustainability concerns facilitating the utilization of biological recycling processes

Mechanical recycling refers to the process of utilizing mechanical processes such as sorting, washing, grinding, re-granulating, drying, and compounding to recover utilizable plastic. Mechanical recycling utilizes less energy than chemical recycling and is associated with lower CO2 emissions. Chemical recycling utilizes chemical agents to change the structure of the polymers present in plastics. Chemical recycling enables the recycling of a wider range of waste plastics and ensures the recovery of multilayer and mixed-material plastic waste. Biological recycling involves the application of enzymes to degrade plastic polymers into their subunit monomers. Enzyme-based degradation of the waste PET and subsequent bioconversion of degraded PET monomers into value-added chemicals is experiencing widespread attention from manufacturers of packaging materials.

Application: Rampant utilization of post-consumer recycled plastics for packaging of foods, beverages, pharmaceuticals, and confectionaries

Due to the rising concerns about the overuse of plastics and awareness about recycling practices, major companies producing food, beverages, and pharmaceuticals are investing in the utilization of post-consumer recycled plastics for packaging purposes. In established European countries, post-consumer recycled plastic is used in building and construction activities for the manufacture of bricks, curbstones, and fences. Such materials act as substitutes for high-carbon emission brick and steel. Automotive applications of post-consumer recycled plastics involve their utilization in producing plastic seat belts and covers. Major vehicle and vehicular component part manufacturers are using chemical recycling to recycle automotive plastic waste into plastic granulates to be used for automotive interior applications. Despite the low percentage of recycling of textile commodities, efforts to incorporate the same are increasing. Recently, consumer goods such as bottles, utensils, and electronic items have been recycled on a large scale.

Plastic Type: Modern advancements driving the recycling of Polyethylene terephthalate(PET) plastics

Polyethylene terephthalate or PET refers to a thermoplastic polymer resin of the polyester family, which, unlike other plastics, is 100% recyclable. Recycled PET is utilized for many applications, such as food packaging, automotive parts, and textile fibers. High-density polyethylene or polyethylene high-density is a thermoplastic polymer used in diverse goods, including food and beverage containers, cleaning product bottles, cutting boards, and pipes. Low-density polyethylene (LDPE) is a flexible, transparent, 100% recyclable thermoplastic polymer used in the manufacture of products such as grocery and garbage bags and juice containers. It is highly flexible and corrosion-resistant, thereby making it an ideal choice to be used in engineering applications. Polypropylene refers to a transparent plastic material used to produce industrial goods, consumer goods, and furniture. In contrast, polystyrene is used in the production of laboratory utensils and petri dishes.

Regional Insights:

Countries in the Americas region, such as the USA and Brazil, are increasing investments and efforts to expand and improve recycling practices. Governmental initiatives and the presence of grants to support the recycling of plastics are observed in this region. The prevalence of well-established regulations and labeling standards and partnerships between major companies to propel eco-friendly and sustainability agendas is responsible for the large scope of the industry. Countries such as China and India are some of the largest consumers and producers of plastics, and the governments in these countries are implementing regulations to govern the recycling of plastics. Manufacturers of confectionery and pharmaceuticals are launching products packed in post-consumer recycled PET. The UK, Germany, Norway, and Switzerland have robust waste management systems that have allowed easy collection and recycling of plastics. The presence of consistent collection schemes has stimulated household recycling of common products such as bottles and utensils. Post-consumer and post-industrial waste generated in European nations is utilized by end-use industries such as the construction, packaging, agriculture, automotive, and electrical industries.

Market Segmentation & Coverage:

This research report categorizes the Post-Consumer Recycled Plastics Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Plastic Type, market is studied across High-Density Polyethylene, Low-Density Polyethylene, Polyethylene Terephthalate, Polypropylene, and Polystyrene. The High-Density Polyethylene is projected to witness significant market share during forecast period.

Based on Recycling Process, market is studied across Biological Recycling, Chemical Recycling, and Mechanical Recycling. The Mechanical Recycling is projected to witness significant market share during forecast period.

Based on Application, market is studied across Automotive, Construction, Consumer Goods, Packaging, and Textiles. The Textiles is projected to witness significant market share during forecast period.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 37.60% in 2023, followed by Europe, Middle East & Africa.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Post-Consumer Recycled Plastics Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Post-Consumer Recycled Plastics Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Post-Consumer Recycled Plastics Market, highlighting leading vendors and their innovative profiles. These include Alpha Packaging, Amcor PLC, B. Schoenberg & Co., Inc, Berry Global Inc., Biffa, Clean Harbors Inc., Coveris, Delta Plastics, DS Smith PLC, Eco-Products Inc., Huhtamäki Oy, KW Plastics, MBA Polymers Inc., Placon Corporation Inc., Republic Services, Inc., Reynolds Packaging, Sealed Air Corporation, Smurfit Kappa, Sonoco Products Company, Stericycle, Inc., Sustainable Resins, TerraCycle, Unilever PLC, Veolia Environment SA, and Waste Connections.

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Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Post-Consumer Recycled Plastics Market, by Plastic Type
7. Post-Consumer Recycled Plastics Market, by Recycling Process
8. Post-Consumer Recycled Plastics Market, by Application
9. Americas Post-Consumer Recycled Plastics Market
10. Asia-Pacific Post-Consumer Recycled Plastics Market
11. Europe, Middle East & Africa Post-Consumer Recycled Plastics Market
12. Competitive Landscape
13. Competitive Portfolio
14. Appendix

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Post-Consumer Recycled Plastics Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Post-Consumer Recycled Plastics Market?
3. What is the competitive strategic window for opportunities in the Post-Consumer Recycled Plastics Market?
4. What are the technology trends and regulatory frameworks in the Post-Consumer Recycled Plastics Market?
5. What is the market share of the leading vendors in the Post-Consumer Recycled Plastics Market?
6. What modes and strategic moves are considered suitable for entering the Post-Consumer Recycled Plastics Market?

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