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Post-Consumer Recycled Plastics Market 2025: Robust Growth Driven by Sustainability Initiatives and Technological Innovations
Post-Consumer Recycled Plastics Global Market Trends
What Is The Projected Market Size Of The Post-Consumer Recycled Plastics Global Market and Its Growth Rate?
•The market grew from $15.96 billion in 2024 to an anticipated $17 billion in 2025, marking a CAGR of 6.6%
•The period saw growth owing to heightened consumer demand for sustainability, increased plastic waste collection infrastructure, industry initiatives, and economic incentives for recycling.
•Forecasts suggest a strong market growth in the coming years, with an estimated market size of $21.75 billion by 2029, a CAGR of 6.3%.
•The growth can be attributed to increasing global plastic waste concerns, extended producer responsibility (EPR) programs, and consumer education and advocacy, among other factors.
What Is Driving The Growth In The Post-Consumer Recycled Plastics Global Market?
The rise in demand for non-residential construction projects is driving the post-consumer recycled plastics market. With a surge in manufacturing and lodging sectors, non-residential buildings have turned to recycled plastics for construction needs. From being incorporated into green concrete to substituting steel and brick with recyclable polymers, the versatility of plastic trash is getting recognized. This growth aligns with the broader trends in non-residential development, addressing the demand across commercial, industrial, and public infrastructure projects.
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Who Are the Key Players Driving Post-Consumer Recycled Plastics Market Growth?
•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
What Are The Key Trends In The Post-Consumer Recycled Plastics Market?
•Rising awareness of plastic pollution
•Advancements in recycling technologies
•Government regulations and policies
•Development of PCR content standards
•Collaborations across the value chain
•Economic incentives for recycling
What Are The Segments Of The Post-Consumer Recycled Plastics Market?
1) By Type: Polypropylene (PP), Polystyrene (PS), Polyethylene (PE), Polyvinyl Chloride (PVC), Polyurethane (PUR), Polyethylene Terephthalate (PET), Other Types
2) By Service: Collection And Transportation, Recycling, Incineration, Landfill
3) By End-Use: Packaging, Building And Construction, Automotive, Electronics, Furniture, Other End-Uses
Which Region Leads The Post-Consumer Recycled Plastics Market?
Asia-Pacific, in 2024, emerged as the largest region in the post-consumer recycled plastics market. The forecast also indicates North America to be the fastest-growing region in the coming future. Other regions covered in the report include Western Europe, Eastern Europe, South America, the Middle East, and Africa.
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What Is Covered In The Post-Consumer Recycled Plastics Global Market Report?
- Market Size Analysis: Analyze the market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments for effective categorization.
- Key Player Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects.
- Market Contribution: Evaluate contributions of different segments to the overall growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches.
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