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Post-Consumer Recycled Plastics Market

Segmentation by Source (Residential, Commercial, and Others); by Application (Packaging, Building & Construction, Automotive, Furniture, and Others); by Service (Collection, Transportation, Recycling, and Others) – Global Demand Analysis & Opportunity Outlook 2030

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Report ID: 3510 | Published On: Feb 08, 2023
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Global Post-consumer Recycled Plastics Market Regional Synopsis

On the basis of geographical analysis, the global post-consumer recycled plastics market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of increasing public awareness regarding plastic waste reduction, along with rising construction activities, where recycled plastics are utilized.

The market in the North America region is anticipated to gain the largest market share throughout the forecast period on the back of growing adoption of plastic recycling, backed by stringent government regulation for waste management. According to the data by the American Chemistry Council, in 2018, 35.7 million tons plastic was produced in the United States, while around 29% of the plastic was recycled.

Post-consumer Recycled Plastics Market

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The global post-consumer recycled plastics market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis


Post-Consumer Recycled Plastics Market
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Major Macro-Economic Indicators Impacting the Market Growth

Chemicals and Catalyst

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Programme), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favorable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labor as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.


Market Segmentation

Our in-depth analysis of the global post-consumer recycled plastics market includes the following segments:

By Source

  • Residential
  • Commercial
  • Others

By Application

  • Packaging
  • Building & Construction
  • Automotive
  • Furniture
  • Others

By Service

  • Collection
  • Transportation
  • Recycling
  • Others

Growth Drivers

  • Increasing Awareness Regarding Recycling Plastic
  • Government Initiatives to Reduce Plastic Waste

Challenges

  • Lack of Residential Waste Management
  • Absence of Proper Supply-Chain for Recycled Plastics


Chemicals and Catalyst
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Top Featured Companies Dominating the Market

    • Waste Connections, Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • DS Smith plc
    • GFL Environmental Inc.
    • Remondis SE & Co. KG
    • Republic Services, Inc
    • Clean Harbors, Inc.
    • Stericycle, Inc.
    • Waste Management, Inc.
    • Veolia Environnement S.A.
    • SUEZ

In The News

  • April 2022: IBSRELA the first and only NHE3 inhibitor for the treatment of irritable bowel syndrome with constipation (IBS-C) in adults, has been made available by the biopharmaceutical company Ardelyx. The first Ardelyx product to receive approval from the US Food and Drug Administration is IBSRELA.
  • March 2022: Indegene a provider of technology-driven healthcare solutions, & meta Me Health, a maker of Regulora and a Prescription Digital Therapeutics (PDT) business, teamed up to offer Regulora as a remedy for irritable bowel syndrome-related stomach pain (IBS).

Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.

Key Questions Answered in the Report

1) What are the major factors driving the growth of the post-consumer recycled plastics market?

Ans: The growing awareness amongst the masses and initiatives by the government, to reduce plastic waste, is estimated to boost the market growth.

2) What would be the CAGR of post-consumer recycled plastics market over the forecast period?

Ans: The market is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2022 – 2030.

3) What are the challenges affecting the post-consumer recycled plastics market growth?

Ans: The absence of proper waste management system in residents is estimated to hamper the market growth.

4) Which region will provide more business opportunities for growth of post-consumer recycled plastics market in future?

Ans: The market in the North America region will provide most growth opportunities during the forecast period, owing to the growing adoption of recycling plastic waste in the region.

5) Who are the major players dominating the post-consumer recycled plastics market?

Ans: The major players in the market are DS Smith plc, Remondis SE & Co. KG, Republic Services, Inc, Clean Harbors, Inc., Stericycle, Inc., Waste Management, Inc., Veolia Environnement S.A., Waste Connections, and Others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the post-consumer recycled plastics market?

Ans: The market is segmented by source, application, service, and by region.

8) Which segment captures the largest market size in application segment in the post-consumer recycled plastics market?

Ans: The construction & building segment is anticipated to hold largest market size over the forecast period and display significant growth opportunities.

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