Press release
U.S. Recycled Plastics Market to Hit USD 3.9 Billion by 2030 Amid Rising Sustainability Push
U.S. Recycled Plastics Market
Recycled polymers retain many of the properties of virgin plastics, including high strength, chemical resistance, and durability, making them a viable alternative for diverse industrial uses. The polyethylene terephthalate (PET) segment leads the market due to its widespread adoption in food packaging films. The United States dominates regional growth through strong recycling infrastructure, rising consumer awareness, and policies encouraging circular economy practices.
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Key Highlights from the Report
➤ Market forecasted to grow at 7.9% CAGR over the forecast period.
➤ PET leads the type segment due to versatility in food packaging.
➤ Non-food packaging expected to see fastest growth driven by e-commerce.
➤ Automotive and construction use cases expanding for cost efficiency.
➤ Government bans on single-use plastics boost recycled material adoption.
➤ Product innovation and partnerships drive competitive advantage.
Market Segmentation
By type, the market is dominated by polyethylene terephthalate (PET), widely used in food packaging films for its strength and long lifespan. Other key types like high-density polyethylene (HDPE), polypropylene (PP), and low-density polyethylene (LDPE) are gaining traction in construction, automotive, and consumer goods due to their durability and recyclability.
By application, non-food packaging is the fastest-growing segment, supported by surging demand in e-commerce sectors for durable and chemical-resistant containers. The food packaging segment benefits from sustainable alternatives that extend food shelf life. Automotive and construction industries incorporate recycled plastics in components, panels, and flooring to reduce production costs while meeting regulatory compliance.
Regional Insights
The U.S. leads the North American recycled plastics market due to proactive environmental regulations, advancements in recycling technology, and strong consumer push for sustainability. State-level bans on single-use plastics have accelerated industry compliance and promoted recycled alternatives in mainstream manufacturing. Infrastructure for collection and processing continues to expand, enhancing operational efficiency and output quality.
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Market Dynamics
Market Drivers
Strong demand from the packaging industry, combined with regulatory actions limiting virgin plastic use, fuels growth. Sustainable material adoption reduces environmental impact and meets corporate ESG commitments, boosting market penetration.
Market Restraints
Persistent preference for virgin plastics among some end-users due to superior quality and consistency hinders growth in certain high-strength applications.
Market Opportunities
Advancements in recycling processes, expansion into high-performance applications, and partnerships with major brands offer significant future potential, particularly in automotive, electronics, and industrial packaging.
Reasons to Buy the Report
✔ Reliable market growth forecasts from DataM Intelligence.
✔ In-depth segmentation insights for targeted business strategies.
✔ Detailed overview of regulatory and consumer trends driving demand.
✔ Competitive profiles of top industry players.
✔ Identification of emerging opportunities in niche applications.
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Frequently Asked Questions (FAQs)
◆ How big is the U.S. Recycled Plastics Market in 2022?
◆ What is the projected growth rate of the market through the forecast period?
◆ Which type of recycled plastic dominates the U.S. market?
◆ Which application segment is expected to grow fastest?
◆ What role do government bans play in boosting recycled plastic adoption?
Company Insights
KW Plastics
Custom Polymers
Plastipak Holdings
The Coca-Cola Company Incorporated
B. Schoenberg & Co.
Fresh Pak Corporation
B&B Plastics
Green Line Polymers
Ultra Poly Corporation
Clear Path Recycling
MBA Polymers
RJM International Inc.
CarbonLite Industries LLC
Envision Plastics Industries LLC
Recent Developments
October 2022: Veolia launched 'PlastiLoop', a comprehensive brand of recycled plastics and services, offering a range of ready-to-use recycled resins including PET, PP, HDPE, PS, ABS, LDPE, and PC.
Industry players emphasize social media marketing, product innovation, and cross-sector collaborations to strengthen market presence.
Conclusion
The U.S. Recycled Plastics Market is poised for significant growth, underpinned by sustainability initiatives, regulatory actions against single-use plastics, and rising consumer awareness. With PET leading the charge and non-food packaging emerging as a high-growth segment, innovations in recycling technologies will play a decisive role in shaping the industry's future. Strategic collaborations, process optimization, and expansion into automotive and construction applications ensure long-term resilience and market competitiveness.
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DataM Intelligence 4Market Research is a comprehensive market intelligence platform offering syndicated and customized reports along with expert consulting across multiple industries, including chemicals, healthcare, agriculture, food & beverages, and more. With extensive experience and a strategy-focused approach, DataM provides businesses and individuals with reliable market insights, statistical forecasts, and personalized research solutions to help them make informed decisions and successfully bring innovations to market.
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