Recycled Polyethylene Market Size & Share, by Product Type (Low-Density Polyethylene [LDPE], High-Density Polyethylene [HDPE], Linear Low-Density Polyethylene [LLDPE]); Grade (Injection Grade, Food Grade); Application (Bottles & Containers, Films & Sheets, Bags & Sacks, Pipes & Fittings, Others); End-Use (Packaging, Construction, Automotive, Agriculture, Consumer Electronics)-Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 5939
  • Published Date: Mar 27, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

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.


Recycled Polyethylene Market
Get more information on this report: Request Free Sample PDF

Recycled Polyethylene Sector: Growth Drivers and Challenges

Growth Drivers

  • Growing Production of Automotive - Across the globe, over 84 million motor vehicles were manufactured which indicated a surge of close to 5% when compared to the year 2021. Hence, the demand for polyethylene is also predicted to grow since it has several applications in automotive. PE is known for its impact resistivity and capability of absorbing low moisture which is why it is significantly utilized in the production of exterior and interior components. Moreover, the utilization of PE has also been seen in rocker panels, car fender liners, and door handles. Also, it is an attractive material for automotive covers and other protective barriers. Additionally, PE is ideal for vehicles that need minimal weight such as fuel tanks, tubing, and hoses. This is because PE is considered to be the most lightweight material. Also, the resistivity of PE to chemical corrosion is high. Hence, components that are disclosed to automotive fluids including fuel, oil, and coolant are demanding PE. Therefore, since the demand for PE is high in automotive various manufacturers are making use of recycled polyethylene. Consequently, the recycled polyethylene market revenue is predicted to surge.
  • Surge in Use of Recycled Polyethylene in Construction - The construction sector is another major industry that contributes to huge carbon emissions on account of the growing use of concrete, wood, and aggregates. Hence, the preference for recycled polyethylene is growing in the construction sector as along with sustainability it offers easiness to use. Moreover, in contrast to wood and metal, plastic is resistant to rot, water, and corrosion, which makes it unique in demanding environments and tough weather conditions. Hence, the recycled polyethylene market demand for recycled polyethylene is estimated to experience a surge.
  • Rising Integration of IoT in Recycling Polyethylene - The Internet of Things has successfully shaped all industry sectors from retail, education, automobile, and healthcare to entertainment. Hence, its importance is also estimated to rise in recycling and waste management systems. For instance, it is predicted that the installation of robotics might rise in recycling facilities to segregate the bulk tasks with any error and least harm to the worker who might have indulged in sorting hazardous material. These robots equipped with cameras, sensors, and high-tech computer systems to promote machine learning, may offer productivity twice as fast, and boost the material quality output and its resale value.

Challenges

  • Growing Demand for Virgin Plastic
  • Lack of Efficiency in Collecting Raw Material - Still, in many parts of the world, no proper measures have been considered to recycle plastic hence most of the plastic waste is disposed of at sea. Such a factor might also hinder the recycled polyethylene market growth for recycled polyethylene.
  • High Price of Recycled Polyethylene - Usually, the cost of recycled polyethylene is high as compared to conventional plastic. This is because, recycled polyethylene production demands machinery & equipment, service for waste collection, and more. The cost charged by these services is fixed and cannot be altered which is why the price of recycled polyethylene also increases. Therefore, the recycled polyethylene market is projected to restrain from growing in revenue.

Recycled Polyethylene Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

~11%

Base Year Market Size (2023)

~ USD 14 Billion

Forecast Year Market Size (2036)

~ USD 39 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
Get more information on this report: Request Free Sample PDF

Recycled Polyethylene Segmentation

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:

          Product Type

  • Low-Density Polyethylene [LDPE]
  • High-Density Polyethylene [HDPE]
  • Linear Low-Density Polyethylene [LLDPE]

          Grade

  • Injection Grade
  • Food Grade
  • Others

          Application

  • Bottles & Containers
  • Films & Sheets
  • Bags & Sacks
  • Pipes & Fittings
  • Others

          End-Use

  • Packaging
  • Construction
  • Automotive
  • Agriculture
  • Consumer Electronics
  • Others

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Recycled Polyethylene Industry- Regional Synopsis

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. 
 

Research Nester
Recycled Polyethylene Market size
Get more information on this report: Request Free Sample PDF

Companies Dominating the Recycled Polyethylene Landscape

top-features-companies
    • NOVA Chemicals Corporate
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • LyondellBasell Industries Holdings B.V.
    • The Shakti Plastic Industries
    • B&B Plastics Inc.
    • Advanced Drainage Systems, Inc. 
    • Ultra Poly Corporation
    • Clear Path Recycling
    • RJM International Inc.
    • CarbonLite Industries
    • ReVital Polymers

In-the-news

In The News

  • A leading producer of polyethylene resins, NOVA Chemicals Corporation announced the launch of EX-PCR-NC4, a novel, mechanically recycled polyethylene resin. With deploying this product converters and brand owners are unable to meet their sustainable aims, without prejudicing on packaging performance.
  • India’s largest plastic scrap recycler and waste collection company, Shakti Plastic Industries and LyondellBasell in order to form joint venture have signed a memorandum of understanding to construct and operate a fully-automated, mechanical recycling plant in India.

Author Credits:  Smruti Ranjan, Rajrani Baghel


  • Report ID: 5939
  • Published Date: Mar 27, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are growing production of automotive, surge in use of recycled polyethylene in construction, and rising integration of IoT in recycling polyethylene.

The market size of recycled polyethylene is anticipated to attain a CAGR of 11% over the forecast period, i.e., 2024-2036.

The major players in the market are NOVA Chemicals Corporate, LyondellBasell Industries Holdings B.V., The Shakti Plastic Industries, B&B Plastics Inc., and others.

The food grade segment is anticipated to garner the largest market size by the end of 2036 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2036 and provide more business opportunities in the future.
Recycled Polyethylene Market Report Scope
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying