Surging Demand In Non-Residential Construction Boosts Growth In The Post-Consumer Recycled Plastics Market: Powering Innovation and Expansion in the Post-Consumer Recycled Plastics Market by 2025

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What Is the Expected CAGR for the Post-Consumer Recycled Plastics Market Through 2025?
The market size of post-consumer recycled plastics has seen substantial growth in recent years. The market value is projected to increase from $15.96 billion in 2024 to $17 billion in 2025, with a compound annual growth rate (CAGR) of 6.6%. The notable growth during the historical period is due to factors such as corporate sustainability efforts, consumer demand for eco-friendly products, proactive industry measures, establishment of plastic waste collection systems, decreased reliance on new plastics, and financial incentives to promote recycling.

What's the Projected Size of the Global Post-Consumer Recycled Plastics Market by 2029?
Expectations are high for robust expansion in the post-consumer recycled plastics market in the coming years. The market is set to rise to $21.75 billion by 2029, with a CAGR of 6.3%. Factors contributing to this growth include increased awareness of worldwide plastic waste problems, Extended Producer Responsibility (EPR) initiatives, green endorsements and certifications, consumer knowledge and support, enhancement of collection facilities, and the impact of global sustainability targets. The forecasted period will also see trends such as heightened consciousness of plastic pollution, advances in recycling technology, governmental regulations and protocols, a shift towards closed-loop recycling systems, the formulation of standards for PCR content, partnerships across the supply chain, and financial rewards for recycling.

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Top Growth Drivers in the Post-Consumer Recycled Plastics Industry: What's Accelerating the Market?
The post-consumer recycled plastics market is likely to expand due to rising demand for non-residential construction projects. Non-residential construction encompasses all forms of building, either permanent or temporary, not designed for private residence. Recycled plastics serve as a practical, low-emission substitute material in various applications for these construction endeavors. For instance, plastic waste can be incorporated in eco-friendly concrete mixtures. Besides, substituting steel and brick with reusable polymers is another practical example. ConstructConnect, a renowned source of construction data and project information, reported in April 2023 a significant rise in non-residential building construction expenditure. The year-to-date spending spiked by 17.5%, with the manufacturing and lodging sectors registering the most growth. More precisely, manufacturing construction leaped by 53%, and lodging experienced a spike of 38.8%. This upward trend mirrors wider patterns in non-residential growth, reacting to increased demands in the commercial, industrial, and public infrastructure project space. Consequently, the burgeoning demand for non-residential construction projects is propelling the post-consumer recycled plastics market.

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What Trends Will Shape the Post-Consumer Recycled Plastics Market Through 2029 and Beyond?
Technological progression is a notable trend in the market of post-consumer recycled plastics. Many leading corporations within the post-consumer recycled plastics market are concentrating on generating unique technological breakthroughs that are harmonious with other components, which is fostering the innovation of techniques like AI-enhanced sorting, significantly benefiting the cyclical economy of recycled plastics. An illustration of this is the unveiling of an artificial intelligence-based system for recapturing film and flexible packaging by AMP Robotics - a Colorado firm noted for their AI-facilitated recycling solutions in October 2022. The primary intent of this novelty is to overcome the impediments that come with sorting flexible plastics - a traditional challenge due to its lightweight and flexible characteristics. The system designed by AMP employs sophisticated machine learning protocols to identify, select, and sort film and flexible packaging supplies from blended recycling streams, thereby greatly enhancing recovery rates of materials and the operational productivity of recycling centers.

What Are the Main Segments in the Post-Consumer Recycled Plastics Market?
The post-consumer recycled plastics market covered in this report is segmented -

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

Subsegments:
1) By Polypropylene (PP): Homopolymer PP, Copolymer PP
2) By Polystyrene (PS): General Purpose PS, High-Impact PS
3) By Polyethylene (PE): Low-Density Polyethylene (LDPE), High-Density Polyethylene (HDPE)
4) By Polyvinyl Chloride (PVC): Rigid PVC, Flexible PVC
5) By Polyurethane (PUR): Flexible Foam, Rigid Foam
6) By Polyethylene Terephthalate (PET): Clear PET, Colored PET
7) By Other Types: Acrylonitrile Butadiene Styrene (ABS), Polycarbonate (PC), Nylon (PA)

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Which Top Companies are Driving Growth in the Post-Consumer Recycled Plastics Market?
Major companies operating in the post-consumer recycled plastics market are 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

Which Regions Will Dominate the Post-Consumer Recycled Plastics Market Through 2029?
Asia-Pacific was the largest region in the post-consumer recycled plastics market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the post-consumer recycled plastics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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