Press release
Post-Consumer Recycled Plastics Market Trends, Analysis, Growth Prospects And Forecast 2033
Post-Consumer Recycled Plastics Market Trends
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=8096&type=smp
According to The Business Research Company's, The post-consumer recycled plastics market size has grown strongly in recent years. It will grow from $15.07 billion in 2023 to $16.06 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to corporate sustainability initiatives, consumer demand for sustainable products, voluntary industry initiatives, infrastructure for plastic waste collection, reduced dependence on virgin plastics, economic incentives for recycling.
The post-consumer recycled plastics market size is expected to see strong growth in the next few years. It will grow to $20.26 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to rising global plastic waste concerns, extended producer responsibility (epr) programs, green labeling and certification, consumer education and advocacy, expansion of collection infrastructure, influence of global sustainability goals. Major trends in the forecast period include growing awareness of plastic pollution, advancements in recycling technologies, government regulations and policies, focus on closed-loop recycling systems, development of pcr content standards, collaborations across the value chain, economic incentives for recycling.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/post-consumer-recycled-plastics-global-market-report
Market Drivers and Trends:
The increasing demand in automotive industry is expected to propel the growth of the post-consumer recycled plastics market going forward. The automotive industry refers to the business sector that encompasses the design, development, manufacturing, marketing, and sales of vehicles. Post-consumer recycled plastics is used in the manufacturing of various interior components, such as dashboards, door panels, and trim pieces for automotives. For instance, in May 2023, according to the European Automobile Manufacturers Association, a Belgium-based automobile manufacturers association, in 2022, the global production of motor vehicles reached 85.4 million units, reflecting a notable increase of 5.7% compared to 2021. Furthermore, in February 2022, according to Brand Finance plc, a UK-based brand valuation company, in 2022, the automobile sector achieved approximately 78 million unit sales, marking a substantial 10% increase. Therefore, the increasing demand in the automotive industry is driving the growth of the post-consumer recycled plastics market.
Technological advancement is a key trend in the post-consumer recycled plastics market. Major companies involved in post-consumer recycled plastics are focusing on developing new technological solutions adaptable to other elements, fueling the growth of technologies such as AI-powered sortation, which advances the circular economy for recycled plastics. For instance, in April 2021, AMP Robotics Corp., a pioneer in artificial intelligence (AI), robotics, and infrastructure for the waste industry, deployed six AI-guided robotic sorting systems with Evergreen, one of the nation's largest recyclers of PET bottles. AMP's technology identifies and sorts green and clear PET from post-consumer bales of plastic soft drink bottles, which Evergreen recycles into reusable flakes or pellets (rPET) and sells to end markets as feedstock for new containers and packaging.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Veolia Environnement SA, Suez SA, Biffa PLC, DS Smith plc, Genpak LLC, Envision Plastics Industries LLC, Multiplast Systems Inc., KW Plastics Inc., Clear Path Recycling LLC, Jayplas, Delta Plastics, Custom Polymers Inc., MBA Polymers Inc., Waste Management Inc., Republic Services Inc., Waste Connections Inc., Clean Harbors Inc., Remondis SE & Co. KG, Stericycle Inc., Plastipak Holdings Inc., CarbonLITE Industries LLC, Avangard Innovative LP, B. Schoenberg & Co. Inc., Mohawk Industries Inc., Omachron Plastics Inc., Otto Environmental Systems Inc., Closed Loop Partners, Ecoraster Inc., GridX LLC, Braskem
Post-Consumer Recycled Plastics Market 2024 Key Insights:
• The post-consumer recycled plastics market size is expected to see strong growth in the next few years. It will grow to $20.26 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%.
• Surging Demand In Non-Residential Construction Boosts Growth In The Post-Consumer Recycled Plastics Market
• Amp Robotics Redefines Post-Consumer Recycled Plastics Market With Artificial Intelligence (AI)-Powered Sorting Innovation
• Asia-Pacific was the largest region in the post-consumer recycled plastics market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=8096&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (https://www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Post-Consumer Recycled Plastics Market Trends, Analysis, Growth Prospects And Forecast 2033 here
News-ID: 3749077 • Views: …
More Releases from The Business research company
Market Trend Insights: The Impact of Emerging Developments on the Insurance Busi …
The insurance business process outsourcing industry is gaining significant traction as companies seek more efficient ways to manage insurance operations. With evolving technologies and a growing number of insurers, this market is set for considerable expansion in the coming years. Let's explore the current market valuation, key players, emerging trends, and segmentation details shaping this sector.
Projected Growth and Market Size of the Insurance Business Process Outsourcing Market
The insurance…
Trends in Growth, Segment Analysis, and Competitive Approaches Influencing the M …
The marine insurance sector is set to undergo significant expansion in the coming years, driven by technological advancements and evolving global risks. This market is adapting to new challenges and opportunities, reflecting shifts in maritime operations and increasing demands for specialized coverage. Here is an in-depth look at the marine insurance market's size, key players, emerging trends, and the main segments fueling its growth.
Projected Expansion and Market Size of Marine…
Analysis of Key Market Segments Driving the Syndicated Loans Market
The syndicated loans market is poised for substantial expansion in the coming years, driven by a combination of financial trends, investor preferences, and global economic factors. This report explores the projected market size, leading players, notable trends, and segmentation to provide a comprehensive overview of this evolving sector.
Expected Market Size and Growth Trajectory of the Syndicated Loans Market
The syndicated loans market is anticipated to experience rapid growth, reaching…
Market Trend Analysis: The Impact of Emerging Developments on the Remittance Mar …
The digital remittance sector is set for remarkable expansion in the coming years, driven by technological innovations and evolving financial regulations. As cross-border money transfers become more seamless and secure, the industry is positioning itself for impressive growth. Let's explore the projected market size, key players, prevailing trends, and detailed market segments shaping this fast-evolving domain.
Forecasted Market Size and Growth of the Digital Remittance Market
The digital remittance market…
More Releases for Plastics
Aircraft Plastics Market 2023 | Futuristic Trends- SABIC, Victrex, Drake Plastic …
The Aircraft Plastics research report combines vital data incorporating the competitive landscape, global, regional, and country-specific market size, market growth analysis, market share, recent developments, and market growth in segmentation. Furthermore, the Aircraft Plastics research report offers information and thoughtful facts like share, revenue, historical data, and global market share. It also highlights vital aspects like opportunities, driving, product scope, market overview, and driving force.
Download FREE Sample Report @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=7681883…
Microcellular Plastics Proving More Beneficial than Conventional Plastics
The microcellular plastics market will reach USD 21,233.5 million by 2030, powering at a rate of 8.9% in the years to come, as stated by P&S Intelligence.
This has a lot to do with the growing preference for high-performance materials, and the increasing requirement from healthcare, packaging transportation, and electronics industries, as a result of their boosted and better properties as opposed to conventional materials.
Explore more about this report@ https://www.psmarketresearch.com/market-analysis/microcellular-plastic-market
PVC…
Semiconductor Plastics Market Emerging Trends : Ensinger Inc., A&C Plastics, Inc …
The newest market research study on Semiconductor Plastics Market 2023 now available at MarketsandResearch.biz shows concise facts about the industry size and revenue estimation of the business. The report includes a market overview, classification, industry value. It also covers types, enterprises, and applications. In the beginning, the report reveals comprehensive research upgrades and data linked to opportunities in the global Semiconductor Plastics market. The report helps in getting answers to…
Plastics Extrusion Market to Possess a Surprising Revenue Growth of $7,930.4 mil …
The global Plastics Extrusion Market size was valued at $6,303.0 million in 2022 and is projected to reach $7,930.4 million by 2030, registering a CAGR of +4% from 2023 to 2030.
The demand for plastic extrusion machines is soaring, as there is a growing need for extruded plastic products from several end-use segments, such as packaging, consumer goods, construction, and automotive. This primarily boosts the growth of the global plastic extrusion…
Aerospace Plastics Market Demand and Technology Growth 2026 | 3P-Performance Pla …
Allied Market Research published a report, titled, "Aerospace Plastics Market by Material Type (Polyether Ether Ketone (PEEK), Poly Methyl Methacrylate (PMMA), Acrylonitrile Butadiene Styrene (ABS), Polycarbonate (PC), Polyphenylene Sulfide (PPS), and Others), Type of Aircraft (Commercial, Military, Rotorcraft, and Space), and Application (Cabin Interior, Windows & Windshield, Airframe, and Propulsion System): Global Opportunity Analysis and Industry Forecast, 2019–2026." According to the report, the global aerospace plastics industry garnered $744 million…
What's Driving the Aerospace Plastics Market Trends? SABIC, Solvay, Superior Pla …
Asia Pacific will account for a substantial proportion of aerospace plastics market share in the years to come. The growth can be primarily attributed to the surging demand for military and commercial aircraft. India and China will contribute significantly towards the regional growth. Europe aerospace plastics industry on the other hand, is also predicted to record a considerable growth rate over the coming timeframe, aided by France, Germany, and UK.
Increasing…
