What is Global Post Consumer Recycled Resin Market?
The Global Post Consumer Recycled Resin Market is a significant sector in the recycling industry that focuses on the conversion of post-consumer waste into reusable resin. This process involves the collection of waste products after they have been used and discarded by consumers, followed by their conversion into a form of resin that can be reused in the production of various goods. This market is driven by the increasing awareness about environmental sustainability and the need to reduce the amount of waste that ends up in landfills. The recycled resin produced through this process can be used in a variety of applications, ranging from packaging materials to construction products, thereby providing a sustainable alternative to traditional, non-recyclable materials. The global market for post-consumer recycled resin is a dynamic and rapidly evolving sector, with numerous opportunities for growth and development. However, it also faces several challenges, such as the need for efficient waste collection and sorting systems, as well as the development of technologies that can effectively convert waste into high-quality resin. Despite these challenges, the market continues to grow, driven by the increasing demand for sustainable and environmentally friendly products.
PET, PP, HDPE, LDPE, Others in the Global Post Consumer Recycled Resin Market:
The Global Post Consumer Recycled Resin Market includes various types of resins such as PET, PP, HDPE, LDPE, among others. PET, or polyethylene terephthalate, is a type of plastic that is commonly used in the production of beverage bottles and other consumer goods. It is highly recyclable and can be converted into a variety of products, including fiber for clothing and textiles, and new plastic containers. PP, or polypropylene, is another type of plastic that is widely used in a variety of applications, including packaging, automotive parts, and consumer goods. It is also recyclable and can be converted into a variety of products. HDPE, or high-density polyethylene, is a type of plastic that is used in the production of sturdy containers and pipes. It is highly recyclable and can be converted into a variety of products, including new containers and pipes. LDPE, or low-density polyethylene, is a type of plastic that is used in the production of flexible packaging materials, such as plastic bags and films. It is also recyclable and can be converted into a variety of products. Other types of resins that are included in the Global Post Consumer Recycled Resin Market include PVC, PS, and others. These resins are also recyclable and can be converted into a variety of products.
Packaging and Consumer Goods, Construction, Textile Fiber or Clothing, Landscaping or Street Furniture, Other Uses in the Global Post Consumer Recycled Resin Market:
The Global Post Consumer Recycled Resin Market finds its usage in a variety of areas such as Packaging and Consumer Goods, Construction, Textile Fiber or Clothing, Landscaping or Street Furniture, among other uses. In the Packaging and Consumer Goods sector, recycled resin is used in the production of a variety of packaging materials, including plastic bottles, containers, and films. It provides a sustainable alternative to traditional, non-recyclable packaging materials, thereby helping to reduce the amount of waste that ends up in landfills. In the Construction sector, recycled resin is used in the production of a variety of construction materials, including pipes, panels, and insulation materials. It provides a durable and cost-effective alternative to traditional construction materials, thereby helping to reduce the environmental impact of the construction industry. In the Textile Fiber or Clothing sector, recycled resin is used in the production of a variety of textile products, including clothing, upholstery, and carpets. It provides a sustainable alternative to traditional, non-recyclable textile materials, thereby helping to reduce the environmental impact of the textile industry. In the Landscaping or Street Furniture sector, recycled resin is used in the production of a variety of outdoor products, including benches, playground equipment, and landscaping materials. It provides a durable and weather-resistant alternative to traditional outdoor materials, thereby helping to reduce the environmental impact of the landscaping and street furniture industries. Other uses of recycled resin include the production of automotive parts, electronic components, and other consumer goods.
Global Post Consumer Recycled Resin Market Outlook:
The Global Post Consumer Recycled Resin Market has shown promising growth in recent years. In 2022, the market was valued at US$ 29670 million and is projected to reach a value of US$ 35890 million by 2029. This represents a compound annual growth rate (CAGR) of 2.7% during the forecast period of 2023-2029. The Asia-Pacific region is the leading market for post-consumer recycled resin, accounting for about 60% of the global market. The primary applications of post-consumer recycled resin are in Packaging and Consumer Goods, which hold a share of about 30% of the market. This growth is driven by the increasing awareness about environmental sustainability and the need to reduce the amount of waste that ends up in landfills. The market is also supported by the development of technologies that can effectively convert waste into high-quality resin. Despite the challenges faced by the market, such as the need for efficient waste collection and sorting systems, the market continues to grow, driven by the increasing demand for sustainable and environmentally friendly products.
| Report Metric | Details |
| Report Name | Post Consumer Recycled Resin Market |
| Accounted market size in 2022 | US$ 29670 million |
| Forecasted market size in 2029 | US$ 35890 million |
| CAGR | 2.7% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | CarbonLite Industries, Far Eastern New Century, Longfu Recycling Energy Scientech, MBA Polymers, DAK Americas, Plastipak Holdings, Visy, Envision, Evergreen Plastics, Imerys Group, Greentech, KW Plastics, Indorama Ventures, Plastrec, Viridor, EFS Plastics, Vogt-Plastic, QRS Recycling, Biffa, St. Joseph Plastics, Plastic Forests, Tangent Technologies, Lianyungang Longshun Plastic |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
