What is Global Post-consumer Recycled Plastic Market?
The Global Post-consumer Recycled Plastic Market is a vast and dynamic sector that focuses on the recycling and reuse of plastic waste. This market is driven by the increasing awareness and need for sustainable and environmentally friendly practices. Post-consumer recycled plastic refers to the plastic waste that consumers discard after use. These discarded materials are collected, cleaned, and processed to create new products. The global market for these recycled plastics is growing rapidly due to the increasing demand for sustainable products and the need to reduce plastic waste. This market includes various types of plastics such as Polyethylene Terephthalate (PET), High-Density Polyethylene (HDPE), and Polypropylene (PP), among others. The use of these recycled plastics is not only beneficial for the environment but also offers economic benefits by reducing the cost of raw materials and waste disposal.
PP, PE, PET, Other in the Global Post-consumer Recycled Plastic Market:
The Global Post-consumer Recycled Plastic Market is segmented based on the type of plastic used, which includes PP, PE, PET, and others. Polypropylene (PP) is a versatile plastic used in a variety of products, from packaging to automotive components. It is highly recyclable and its demand in the market is growing due to its durability and resistance to heat. Polyethylene (PE) is another widely used plastic, known for its flexibility and toughness. It is commonly used in packaging and construction. PET, or Polyethylene Terephthalate, is a clear, strong, and lightweight plastic that is widely recycled. It is commonly used in beverage bottles and other consumer product containers. The 'others' category includes various other types of plastics that are less commonly recycled, such as PVC and PS. These plastics also have a significant presence in the market due to their specific properties and uses.
Packaging, Building & construction, Automotive, Furniture, Others in the Global Post-consumer Recycled Plastic Market:
The Global Post-consumer Recycled Plastic Market finds its application in various sectors such as packaging, building & construction, automotive, furniture, and others. In the packaging industry, recycled plastics are used to make containers, bottles, and other packaging materials. The building and construction sector uses these materials for insulation, piping, and flooring. The automotive industry utilizes recycled plastics for various components, reducing the weight of vehicles and improving fuel efficiency. Furniture made from recycled plastics is durable, weather-resistant, and easy to maintain, making it a popular choice for outdoor furniture. Other applications of recycled plastics include consumer goods, textiles, and electronic equipment.
Global Post-consumer Recycled Plastic Market Outlook:
Looking at the market outlook, the Global Post-consumer Recycled Plastic Market was valued at a significant US$ 14520 million in 2023. The market is expected to grow steadily and reach a value of US$ 20190 million by 2030. This growth represents a Compound Annual Growth Rate (CAGR) of 4.7% during the forecast period from 2024 to 2030. This growth is driven by the increasing demand for sustainable products, government regulations promoting recycling, and advancements in recycling technologies. The market's growth is a positive sign, indicating that more and more industries are recognizing the importance of recycling and are incorporating recycled plastics into their products.
| Report Metric | Details |
| Report Name | Post-consumer Recycled Plastic Market |
| Accounted market size in 2023 | US$ 14520 million |
| Forecasted market size in 2030 | US$ 20190 million |
| CAGR | 4.7% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| 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 | Veolia Environnement, SUEZ, Waste Management, Republic Services, Waste Connections, Clean Harbors, Biffa, DS Smith, Stericycle, Far Eastern New Century, Longfu Recycling Energy Scientech, MBA Polymers, DAK Americas |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
