Post-Consumer Recycled (PCR) Plastic Market Forecast By 2031 | Strong CAGR Drives Market to US$ 123.2Bn | Most Leading Companies - BASF SE, SABIC, Arkema, Celanese Corporation, Eastman Chemical Company

Global Post-Consumer Recycled (PCR) Plastic Market reached US$ 62.1 billion in 2023 and is expected to reach US$ 123.2 billion by 2031, growing with a CAGR of 8.9% during the forecast period 2024-2031.

Latest Updates:

Japan Boosts PCR Plastic Use: Major Japanese retailers and manufacturers are increasing the use of PCR plastics in packaging to meet the nation's 2030 carbon neutrality targets.

Law-Driven Sustainability: Japan's Plastic Resource Circulation Act, enacted in 2022, is accelerating demand for PCR plastic in product packaging and supply chains.

Local Innovation Rising: Japanese firms like Kao and Suntory are investing in domestic PCR plastic technologies to reduce reliance on virgin plastics and imports.

Tokyo 2025 Expo Goals: In preparation for the 2025 World Expo in Osaka, companies are focusing on showcasing sustainable products, including those using PCR plastics, to align with global eco trends.

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Post-Consumer Recycled (PCR) Plastic Market Overview

Post-Consumer Recycled (PCR) Plastic refers to plastic materials that have been used and discarded by consumers, collected through recycling programs, and then processed into new plastic products. It helps reduce landfill waste, conserve resources, and lower carbon emissions in the plastic manufacturing process.

Research Methodology:

The global Post-Consumer Recycled (PCR) Plastic Market research report is based on a combination of primary and secondary data sources. The study carefully analyzes various factors influencing the industry, including government regulations, market dynamics, competitive landscape, historical trends, current conditions, and technological progress. It also evaluates future developments, related industry trends, market volatility, growth prospects, potential obstacles, and emerging challenges.

Segment Covered in the Post-Consumer Recycled (PCR) Plastic Market:

By Service: Collection and Transportation, Recycling, Incineration, Landfills/Disposal

By Source: Bottles, Non-Bottles Rigid, Others

By Polymer: Polyethylene Terephthalate (PET), High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polyurethane (PU), Polystyrene (PS), Others

By Processing: Chemical Process, Mechanical Process, Biological Process

By End-User: Packaging, Building and Construction, Automotive, Furniture, Recycled Plastics, Others

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List of the Key Players in the Post-Consumer Recycled (PCR) Plastic Market:

BASF SE, SABIC, Arkema, Celanese Corporation, Eastman Chemical Company, Exxon Mobil Corporation, Covestro AG, Ultra-Poly Corporation, Plastipak Holdings, Inc. and Dow.

Regional Analysis for Post-Consumer Recycled (PCR) Plastic Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

The Report Includes:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Go-to-market Strategy.

➡ Neutral perspective on the market performance.

➡ Customized regional/country reports as per request and country level analysis.

➡ Potential & niche segments and regions exhibiting promising growth covered.

People Also Ask:

➠ What are the global sales, production, consumption, imports, and exports in the Post-Consumer Recycled (PCR) Plastic market?

➠ Who are the top manufacturers, and what are their capacity, production, sales, pricing, and revenue stats?

➠ What key opportunities and challenges do vendors face in the Post-Consumer Recycled (PCR) Plastic industry?

➠ Which product types, applications, or end-users are driving market growth, and what is their market share?

➠ What are the major growth drivers and restraints of the Post-Consumer Recycled (PCR) Plastic market?

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