Post-consumer Recycled Plastics Market Size, Share, Trends, Growth and Forecast 2030

Global Post-consumer Recycled Plastics Market: Overview

The global Post-consumer Recycled Plastics Market size was worth around USD 60.98 Billion in 2022 and is predicted to grow to around USD 103.92 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 6.89% between 2023 and 2030.

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Post-consumer recycled plastics are the already used plastics by consumers which are thrown away once used. These used plastics are processed and converted into new products again. The post-consumer plastics include all the plastics collected during the commercial and residential recycling programs. The collected plastics are sent to plastic molding factories to get reprocessed into fresh products. The products that are made out of these post-consumer recycled plastics close the cycle by diverting them from landfills and getting recycled.

Global Post-consumer Recycled Plastics Market: Growth Factors

One of the major factors driving the growth of the global post-consumer recycled plastics market is the increasingly stringent rules regarding waste and disposal management from government authorities. Also, the growing awareness regarding the ill effects of accumulated plastic waste on the environment has significantly boosted the growth of the global market. The growing consumption of plastic in the manufacturing process of lightweight components that are utilized in different sectors like food processing, automotive, and construction is further augmenting the growth of the global post-consumer recycled plastics market during the forecast period. The emergence of the coronavirus pandemic has significantly propelled the demand for post-consumer recycled plastic packaging products due to the significant spike in the online shopping of cosmetics, personal protective equipment, personal care products, electronics, and many others. The growing disposable income of the people in the developing region is contributing vigorously towards the growth of the global post-consumer recycled plastics market due to the ability of plastic to be utilized as a substitute for the conventional wooden and metal parts in the vehicle. Also, the rapid development in the public, commercial, industrial, and residential infrastructures is further accelerating the growth of the market globally. The rapid proliferation of the construction sector in emerging economies all across the globe is likely to drive the demand for such plastics in the manufacturing of various components like safety products, fixtures, and insulation products.

Global Post-consumer Recycled Plastics Market: Segmentation

The global post-consumer recycled plastics market can be segmented into the source, type, and region.

By type, the market can be segmented into polyethylene, terephthalate, polyurethane, polyvinyl chloride, polyethylene, polystyrene, polypropylene, and others. The polyethylene segment accounts for the largest share in the global post-consumer recycled plastics market due to its properties like excellent resistance to chemicals such as dilute acids, alkalis, alcohols, and solvents. It is primarily utilized to produce laminated tubes, films, and plastic components that are used in different sectors like electronic, packaging, and automotive. The polypropylene segment is anticipated to witness huge growth during the forecast period due to its extensive utilization in manufacturing automotive components, labeling, packaging, diverse laboratory equipment, and medical devices owing to its excellent mechanical and chemical properties.

By source, the market can be segmented into non-bottles, bottles, and others. The bottles segment holds the largest share in the global post-consumer recycled plastics market as plastic bottles are the primary sources of post-consumer recycled products. Such bottles are utilized in various applications in the packaging of carbonated drinks, pharmaceutical products, oils, and water.

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Global Post-consumer Recycled Plastics Market: Regional analysis

Asia Pacific accounts for the largest share in the global post-consumer recycled plastics market due to its growing demand from non-residential construction projects like colleges, schools, and hospitals, which in turn will boost the demand for personal protective equipment like a helmet, safety wear, seat belts, and others.

Europe is the second-largest region in the global post-consumer recycled plastics market due to the wide adoption of circular economy methods to lower the carbon footprint by fuelling post-consumer plastic recycling.

Post-consumer Recycled Plastics Market: Report Scope

Global Post-consumer Recycled Plastics Market: Competitive Players

The market is characterized by intense competition, with established players relying on advanced technology, high-quality products, and a strong brand image to drive revenue growth. These companies employ various strategies such as research and development, mergers and acquisitions, and technological innovations to expand their product portfolios and maintain a competitive edge in the market.

Some of the significant players in the global post-consumer recycled plastics market are -

• Tray-Pak Corporation
• Seventh Generation Inc
• Remondis SE & Co. Kg
• Papier-Mettler
• Inhaber Michael Mettler e.K
• Placon Corporation Inc
• Genpak
• Eco-Products
• Amcor Rigid Plastics USA Inc.
• Alpha Packaging

By Type:

• Polyethylene 
• Terephthalate 
• Polyurethane 
• Polyvinyl chloride 
• Polyethylene 
• Polystyrene
• Polypropylene
• Others

By source:

• Non-bottles 
• Bottles
• Others

Global Post-consumer Recycled Plastics Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.