Post Consumer Recycled Plastics Market
Post-Consumer Recycled Plastics Market Forecasts to 2030 - Global Analysis By Source (Non-Bottle Rigid, Bottles and Other Sources), Service, Material Type, Processing Type, Application and By Geography
According to Stratistics MRC, the Global Post-Consumer Recycled Plastics Market is accounted for $76.3 billion in 2023 and is expected to reach $153.5 billion by 2030 growing at a CAGR of 10.5% during the forecast period. Post-consumer recycled plastics (PCR plastics) refer to plastic materials that have been used by consumers, discarded, collected through recycling programs, and then processed into new products. Unlike pre-consumer recycled plastics, which come from manufacturing scraps or waste generated during the production process, post-consumer recycled plastics come directly from items that have been used by consumers, such as plastic bottles, containers, packaging, and other plastic products.
According to the European Automobile Manufacturers Association, a Belgium-based automobile manufacturers association, in 2022, the global production of motor vehicles reached 85.4 million units, reflecting a notable increase of 5.7% compared to 2021.
Market Dynamics:
Driver:
Customer demand for sustainable products
As the awareness of environmental sustainability and reducing plastic waste grows, consumers and businesses are increasingly seeking eco-friendly alternatives to traditional packaging. Recycled packaging materials derived from post-consumer plastics play a significant role in reducing the demand for new plastic production, conserving natural resources, and diverting plastic waste from landfills and oceans. This trend is driving market growth as companies strive to achieve sustainability objectives and address the urgent need for responsible packaging solutions.
Restraint:
Limited availability and collection infrastructure
Inadequate collection systems, inconsistent recycling practices, and limited access to post-consumer plastic feedstock hinder the availability of high-quality recycled plastics. Insufficient infrastructure for sorting and processing post-consumer plastics further restricts the supply of recycled materials. Addressing these limitations through improved collection schemes, enhanced recycling facilities, and public awareness initiatives is crucial to bolstering the availability in the market
Opportunity:
Environmental awareness and regulations
Growing environmental consciousness among consumers and businesses has heightened the demand for sustainable packaging solutions, propelling the market. Additionally, stringent regulations mandating the use of recycled content in packaging materials and promoting recycling initiatives have significantly influenced the market dynamics. Companies are increasingly embracing recycled plastics to align with environmental mandates and meet the sustainability expectations of eco-conscious consumers, thereby driving market growth.
Threat:
Quality and consistency concerns
Inadequate infrastructure for waste collection and recycling can lead to contamination and mixed material streams, affecting the feasibility and cost-effectiveness of recycling processes. Additionally, variations in collection practices and the absence of standardized frameworks hinder the scaling of post-consumer recycled plastics initiatives, limiting their potential to meet growing demand and achieve sustainability goals.
Covid-19 Impact:
The COVID-19 pandemic significantly disrupted the market, causing fluctuations in demand and supply chains. Lockdown measures led to reduced industrial activities, affecting recycling operations and collection rates. Additionally, shifts in consumer behavior towards single-use plastics due to hygiene concerns posed challenges for recycled plastics adoption. However, increased awareness of sustainability and environmental concerns amidst the pandemic also propelled interest in recycled plastics, potentially driving market growth in the long term despite short-term setbacks.
The pickles segment is expected to be the largest during the forecast period
The pickles segment is expected to be the largest during the forecast period driven by sustainability initiatives and consumer demand for eco-friendly solutions. Utilizing recycled plastics not only reduces environmental impact by diverting waste from landfills but also aligns with brand values of corporate responsibility. With advancements in recycling technologies and improvements in plastic quality, manufacturers can now maintain packaging integrity while meeting sustainability goals.
The healthcare segment is expected to have the highest CAGR during the forecast period
The healthcare segment is expected to have the highest CAGR during the forecast period driven by sustainability goals and environmental concerns. This emerging market segment sees recycled plastics being integrated into various healthcare products, including packaging, medical devices, and equipment. Manufacturers are increasingly adopting recycled plastics to reduce their carbon footprint and minimize waste.
Region with largest share:
North America is projected to hold the largest market share during the forecast period. Increasing awareness about environmental sustainability and stringent regulations on plastic waste management has fueled demand. Companies are adopting recycled plastics in various industries, including packaging, automotive, construction, and consumer goods. Technological advancements in recycling processes are further driving market expansion.
Region with highest CAGR:
Asia Pacific is projected to hold the highest CAGR over the forecast period. Advancements in recycling technologies have improved the quality and availability of post-consumer recycled plastics. Innovations in sorting, cleaning, and processing techniques have made recycled plastics more viable for various applications. With its large population, rapid urbanization, and increasing consumption, the region offers a substantial market for recycled plastic products.
Key players in the market
Some of the key players in Post-Consumer Recycled Plastics market include Eco-Products, Inc, Genpak, LLC, Papier-Mettler, Placon Corporation Inc, Alpha Packaging, Inc, Amcor Rigid Plastics USA Inc., Remondis SE & Co. Kg, Seventh Generation Inc, Tray-Pak Corporation, Inhaber Michael Mettler e.K, Veolia Environnement, Republic Services, Berry Global Inc., Amcor plc, Plastipak Holdings Inc., Sonoco Products Company and Smurfit Kappa.
Key Developments:
In April 2023, Indorama Ventures and Evertis announced their partnership to create PET film for food packaging trays using PET flake from recycled PET trays. The collaboration helps Evertis reach its goal of 50% post-consumer recycled content in its products by 2025.
In February 2023, Loop Industries, SUEZ, and SK geocentric announced the installation of manufacturing site for virgin-quality PET plastic created from 100% recycled content in the Grand Est area of France.
Sources Covered:
• Non-Bottle Rigid
• Bottles
• Other Sources
Services Covered:
• Incineration
• Collection & Transportation
• Landfills
• Recycling
Material Types Covered:
• Polyurethane (PUR)
• Polyvinyl Chloride (PVC)
• High-density Polyethylene (HDPE)
• Low-density Polyethylene (LDPE)
• Polystyrene (PS)
• Polyethylene Terephthalate (PET)
• Polypropylene (PP)
Processing Types Covered:
• Biological
• Chemical
• Mechanical
Applications Covered:
• Building & Construction
• Electronics
• Automotive
• Packaging
• Furniture
• Recycled Plastics
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Post-Consumer Recycled Plastics Market, By Source
5.1 Introduction
5.2 Non-Bottle Rigid
5.3 Bottles
5.4 Other Sources
6 Global Post-Consumer Recycled Plastics Market, By Service
6.1 Introduction
6.2 Incineration
6.3 Collection & Transportation
6.4 Landfills
6.5 Recycling
7 Global Post-Consumer Recycled Plastics Market, By Material Type
7.1 Introduction
7.2 Polyurethane (PUR)
7.3 Polyvinyl Chloride (PVC)
7.4 High-density Polyethylene (HDPE)
7.5 Low-density Polyethylene (LDPE)
7.6 Polystyrene (PS)
7.7 Polyethylene Terephthalate (PET)
7.8 Polypropylene (PP)
8 Global Post-Consumer Recycled Plastics Market, By Processing Type
8.1 Introduction
8.2 Biological
8.3 Chemical
8.4 Mechanical
9 Global Post-Consumer Recycled Plastics Market, By Application
9.1 Introduction
9.2 Building & Construction
9.3 Electronics
9.4 Automotive
9.5 Packaging
9.6 Furniture
9.7 Recycled Plastics
9.8 Other Applications
10 Global Post-Consumer Recycled Plastics Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Eco-Products, Inc
12.2 Genpak, LLC
12.3 Loop Industries
12.4 Placon Corporation Inc
12.5 Alpha Packaging, Inc
12.6 Amcor Rigid Plastics USA Inc.
12.7 Remondis SE & Co. Kg
12.8 Seventh Generation Inc
12.9 Tray-Pak Corporation
12.10 Inhaber Michael Mettler e.K
12.11 Veolia Environnement
12.12 Republic Services
12.13 Berry Global Inc.
12.14 Amcor plc
12.15 Plastipak Holdings Inc.
12.16 Sonoco Products Company
12.17 Smurfit Kappa
12.18 Evertis
List of Tables
1 Global Post-Consumer Recycled Plastics Market Outlook, By Region (2021-2030) ($MN)
2 Global Post-Consumer Recycled Plastics Market Outlook, By Source (2021-2030) ($MN)
3 Global Post-Consumer Recycled Plastics Market Outlook, By Non-Bottle Rigid (2021-2030) ($MN)
4 Global Post-Consumer Recycled Plastics Market Outlook, By Bottles (2021-2030) ($MN)
5 Global Post-Consumer Recycled Plastics Market Outlook, By Other Sources (2021-2030) ($MN)
6 Global Post-Consumer Recycled Plastics Market Outlook, By Service (2021-2030) ($MN)
7 Global Post-Consumer Recycled Plastics Market Outlook, By Incineration (2021-2030) ($MN)
8 Global Post-Consumer Recycled Plastics Market Outlook, By Collection & Transportation (2021-2030) ($MN)
9 Global Post-Consumer Recycled Plastics Market Outlook, By Landfills (2021-2030) ($MN)
10 Global Post-Consumer Recycled Plastics Market Outlook, By Recycling (2021-2030) ($MN)
11 Global Post-Consumer Recycled Plastics Market Outlook, By Material Type (2021-2030) ($MN)
12 Global Post-Consumer Recycled Plastics Market Outlook, By Polyurethane (PUR) (2021-2030) ($MN)
13 Global Post-Consumer Recycled Plastics Market Outlook, By Polyvinyl Chloride (PVC) (2021-2030) ($MN)
14 Global Post-Consumer Recycled Plastics Market Outlook, By High-density Polyethylene (HDPE) (2021-2030) ($MN)
15 Global Post-Consumer Recycled Plastics Market Outlook, By Low-density Polyethylene (LDPE) (2021-2030) ($MN)
16 Global Post-Consumer Recycled Plastics Market Outlook, By Polystyrene (PS) (2021-2030) ($MN)
17 Global Post-Consumer Recycled Plastics Market Outlook, By Polyethylene Terephthalate (PET) (2021-2030) ($MN)
18 Global Post-Consumer Recycled Plastics Market Outlook, By Polypropylene (PP) (2021-2030) ($MN)
19 Global Post-Consumer Recycled Plastics Market Outlook, By Processing Type (2021-2030) ($MN)
20 Global Post-Consumer Recycled Plastics Market Outlook, By Biological (2021-2030) ($MN)
21 Global Post-Consumer Recycled Plastics Market Outlook, By Chemical (2021-2030) ($MN)
22 Global Post-Consumer Recycled Plastics Market Outlook, By Mechanical (2021-2030) ($MN)
23 Global Post-Consumer Recycled Plastics Market Outlook, By Application (2021-2030) ($MN)
24 Global Post-Consumer Recycled Plastics Market Outlook, By Building & Construction (2021-2030) ($MN)
25 Global Post-Consumer Recycled Plastics Market Outlook, By Electronics (2021-2030) ($MN)
26 Global Post-Consumer Recycled Plastics Market Outlook, By Automotive (2021-2030) ($MN)
27 Global Post-Consumer Recycled Plastics Market Outlook, By Packaging (2021-2030) ($MN)
28 Global Post-Consumer Recycled Plastics Market Outlook, By Furniture (2021-2030) ($MN)
29 Global Post-Consumer Recycled Plastics Market Outlook, By Recycled Plastics (2021-2030) ($MN)
30 Global Post-Consumer Recycled Plastics Market Outlook, By Other Applications (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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