North America Recycled Plastic Market Trends, Size, Segment and Growth by Forecast to 2030

North America Recycled Plastic Market to Reach US$ 16.89 Billion by 2028, Growing at 8.9% CAGR

📚Full Report Link - https://www.businessmarketinsights.com/reports/north-america-recycled-plastic-market

According to Business Market Insights, the North America recycled plastic market was valued at US$ 9.37 billion in 2021 and is projected to reach US$ 16.89 billion by 2028, growing at a CAGR of 8.9%. Key growth drivers include rising demand from the packaging, automotive, electrical & electronics, and construction sectors. The push for sustainable building materials, including cost-effective recycled plastic roofing tiles, and increased government investment in infrastructure, further support market growth.

By type, polyethylene terephthalate (PET) led the market with a 43.5% share in 2021 (US$ 4.07 billion), expected to reach US$ 7.32 billion by 2028. Based on source, plastic bottles dominated with a 57.3% share (US$ 5.37 billion), projected to grow to US$ 9.84 billion. Among applications, packaging was the largest segment in 2021 with 46% market share (US$ 4.31 billion), expected to hit US$ 8 billion by 2028, growing at a 9.3% CAGR.

North America Recycled Plastic Market Segmentation

The North America recycled plastic market is segmented into type, source, application, and country. Based on type, the market is segmented into polyethylene terephthalate, polyethylene, polypropylene, polystyrene, and others. In terms of source, the North America recycled plastic market is segmented into plastic bottles, plastic films, plastic foams, plastic fibers, and others. Based on application, the market is segmented into packaging, textile, automotive, building and construction, electrical and electronics, and others. Based on country, the North America recycled plastic market is segmented into the US, Mexico, and Canada.

North America Recycled Plastic Strategic Insights

Strategic insights for the North America Recycled Plastic provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Market leaders and key company profiles

• Biffa
• Remondis SE & Co. Kg
• Veolia
• Jayplas
• Alpek S.A.B. de C.V.
• Plastipak Holdings Inc.

North America Recycled Plastic Regional Insights

The geographic scope of the North America Recycled Plastic refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

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Author's Bio
Akshay
Senior Market Research Expert at Business Market Insights

This release was published on openPR.