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Future of the Post-Consumer Recycled Plastics Market: Trends, Innovations, and Key Forecasts Through 2034
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.Post-Consumer Recycled Plastics Market Size Growth Forecast: What to Expect by 2025?
The market size of post-consumer recycled plastics has experienced a robust expansion in recent times. The projected growth from 2024's $15.96 billion to $16.84 billion in 2025, with a compound annual growth rate (CAGR) of 5.5%, reveals a promising future. This market growth during the historical period is primarily due to factors like corporate sustainability efforts, consumer preference for eco-friendly products, industry-driven voluntary initiatives, established infrastructure for plastic waste gathering, lower reliance on fresh plastics, and economic benefits derived from recycling.
How Will the Post-Consumer Recycled Plastics Market Size Evolve and Grow by 2029?
Expectations for the post-consumer recycled plastics market indicate that there will be significant growth in the coming years. By 2029, the market is projected to increase to a worth of $21.29 billion, with a compound annual growth rate (CAGR) of 6.0%. The anticipated growth during this future period is linked to mounting concerns about global plastic waste, extended producer responsibility (EPR) programs, green endorsements and certifications, customer education and advocacy, expansion of collection infrastructure, and the influence of global sustainability objectives. Key trends within this period will include increased awareness around plastic pollution, progress in recycling technologies, government regulations and policies, a focus on closed-loop recycling systems, the development of PCR content standards, collaborations throughout the value chain, and economic incentives promoting recycling.
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What Drivers Are Propelling the Growth of Post-Consumer Recycled Plastics Market Forward?
A surge in non-residential construction projects is anticipated to fuel the expansion of the post-consumer recycled plastics market. Non-residential construction encompasses buildings, both permanent and temporary, not designated for private dwelling. Recycled plastics offer a viable, eco-friendly substitute in a multitude of applications for the construction of such buildings. Green concrete, for example, can incorporate plastic waste material. Meanwhile, recyclable polymers can act as replacements for steel and brick. To exemplify this, in April 2023, ConstructConnect, a firm supplying construction data and project insights, reported significant growth in non-residential building construction expenditure. Year-to-date expenditure saw a rise of 17.5%, with the manufacturing and lodging sectors witnessing the strongest growth. Specifically, construction in manufacturing soared by 53%, and lodging experienced a 38.8% rise. This growth mirrors wider movements in non-residential development, responding to increased demand on commercial, industrial, and public infrastructure projects. As such, the escalating demand for non-residential construction projects is a key driver for the post-consumer recycled plastics market.
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Which Emerging Trends Are Transforming the Post-Consumer Recycled Plastics Market in 2025?
The progression of technology is a notable trend within the post-consumer recycled plastics industry. The major players within the sector are keen on creating innovative technological resolutions that have the ability to adapt to various elements, thus boosting the emergence of technology like AI-assisted sorting which promotes the circular economy for recycled plastics. For example, AMP Robotics, a company located in Colorado and recognized for providing AI-powered recycling solutions, introduced its AI-based system for film and flexible packaging recovery in October 2022. This innovative solution addresses the complex issues regarding the sorting of flexible plastics which are usually challenging to recycle owing to their light nature and easy-to-shape properties. AMP's system effectively utilizes advanced machine learning algorithms to detect, select, and categorise film and flexible packaging materials from a variety of recycling streams, thereby significantly enhancing the recovery rates of materials and the operational efficiency within recycling facilities.
What Are the Key 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): polymer 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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Who Are the Key Players Shaping the Post-Consumer Recycled Plastics Market's Competitive Landscape?
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
What Geographic Markets Are Powering Growth in the Post-Consumer Recycled Plastics Market?
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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