Recycled Polyethylene Market size is expected to reach USD 39 billion by the end of 2036, growing at a CAGR of 11% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of recycled polyethylene was USD 14 billion. This growth of the market is poised to be dominated by growing demand for reusable plastic owing to growing plastic pollution. For instance, the production of plastic waste per year by humans has reached over 350 million metric tons.
Moreover, various initiatives have been launched by several authorities organized all across the world. These initiatives include the launch of various schemes and tax incentives to encourage customers to contribute to the recycling of polyethylene. This is because it is predicted that if the policies and methods to deal with plastic pollution remain unchanged, by 2060 plastic pollution is predicted to triple reaching one billion metric tons. As a result, this factor is also predicted to encourage the expansion of the market over the coming years.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~11% |
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Base Year Market Size (2023) |
~ USD 14 Billion |
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Forecast Year Market Size (2036) |
~ USD 39 Billion |
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Regional Scope |
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Grade (Injection Grade, Food Grade)
The food grade segment is predicted to account for 60% share of the global recycled polyethylene market during the forecast period. This growth of the segment is predicted to be encouraged by the growing demand for food on account of a growing population. The population in the world in mid-November 2022 reached 8.0 billion in contrast to a population of 2.5 billion in 1950. Furthermore, owing to the standard of living of people the demand for packed food along with the quality of packaging is also surging. As a result, the demand for food-grade recycled polyethylene is also set to rise. Furthermore, the need to adhere to the food regulations is also surging. Hence, this might also boost the growth of the segment further driving the recycled polyethylene market expansion.
End-Use (Packaging, Construction, Automotive, Agriculture, Consumer Electronics)
The packaging segment is predicted to account for 30% share of the global recycled polyethylene market during the forecast period. The major factor influencing the growth of the segment is the growing packaging industry. Further, this growth of the packaging industry is greatly influenced by the growing demand for e-commerce. The penetration of the internet and smartphones has risen significantly which has further encouraged people to shop online. This is why the packaging industry has been influenced by this trend. Yet, the major concern in e-commerce is adhering to the sustainability goals which has further made them shift their preference towards recycled polyethylene.
Our in-depth analysis of the global market includes the following segments:
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Product Type |
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Grade |
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Application |
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End-Use |
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North American Market Forecast
The North America recycled polyethylene market is poised to generate the highest share in the revenue of 35% during the forecast period. This growth of the market is set to be encouraged by growing disposable income. An increase of about USD 20655 billion in Disposable Personal Income in January was observed in the United States, up from approximately USD 20588 billion gathered in December 2023. Hence, the spending of people on various commodities has risen which has ultimately given rise to the demand for polyethylene. Therefore, the market for recycled polyethylene is also set to grow. Moreover, huge investments have been made by some companies to manufacture recycled polyethylene. Furthermore, rapid industrialization in emerging economies in this region is also estimated to influence recycled polyethylene market growth. Additionally, large, small, and medium-scale organizations in this region have dedicated to utilizing sustainably sourced materials.
European Market Analysis
The Europe recycled polyethylene market is additionally estimated to have noteworthy growth in the revenue during the forecast period. This growth is set to be dominated by the growing number of manufacturers in this region. Further, the urban population in this region is also surging. As a result, the demand for construction has risen significantly which is further demanding the market growth for recycled polyethylene. Additionally, the demand for beverages in this region is also expanding. Therefore, the recycled polyethylene market is poised to experience growth in this region.
Author Credits: Smruti Ranjan, Rajrani Baghel
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