Post-Consumer Recycled Plastic Market Size and Prices To 2031

Post-Consumer Recycled Plastic Market report, published by DataM Intelligence has released its latest in-depth analysis on the global Post-Consumer Recycled Plastic Market, delivering a detailed overview of regional growth patterns, market segmentation, CAGR, and financial performance among leading industry players. The report offers readers a clear snapshot of the current market value and volume, alongside an exploration of emerging opportunities and ongoing developments. By shining a spotlight on key market drivers and highlighting the evolving industry landscape, the report equips businesses and stakeholders with strategic insights to identify new growth avenues and navigate future market dynamics confidently.

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Post-consumer recycled (PCR) plastic is reprocessed material from used plastic products, widely applied in packaging, construction, automotive, and consumer goods to promote sustainability and circular economy.

Key Players:

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

Key Development:

On February 3, 2023, Mobil, a global leader in advanced lubricating solutions, launched pails made with 50% Post-Consumer Recycled (PCR) plastic to encourage eco-friendly packaging. These PCR pails mark the first-of-its-kind initiative in India for lubricating oil packaging, aiming to cut down on plastic waste and drive sustainable development. With this step, Mobil supports its customers in minimizing waste, turning discarded plastics into valuable resources, and moving closer to their sustainability goals.

Growth Forecast Projected:

The Global Post-Consumer Recycled Plastic Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Post-Consumer Recycled Plastic Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

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)

Regional Analysis for Post-Consumer Recycled 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)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among Post-Consumer Recycled Plastic producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze Post-Consumer Recycled Plastic revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ's

What is the current size of the Post-Consumer Recycled Plastic Market?

A: The Post-Consumer Recycled Plastic Market was valued at USD 62.1 billion in 2023, reflecting its strong industry presence.

Q2: How large is the Post-Consumer Recycled Plastic Market expected to be by 2031?

A: The industry forecasts suggest the Post-Consumer Recycled Plastic Market will grow to around USD 123.2 billion by 2031, demonstrating significant expansion.

Q3: What is the growth rate of the Post-Consumer Recycled Plastic Market?

A: The market is projected to expand at a compound annual growth rate (CAGR) of 8.9% during the forecast period from 2024 to 2031.

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