Post-Consumer Recycled Plastics Market worth $92.6 billion by 2028 - Exclusive Report by MarketsandMarketstm

CHICAGO, Sept. 8, 2023 /PRNewswire/ -- The report "Post-Consumer Recycled Plastics Market by Source (Bottles, Non-bottle Rigid), Polymer Type, Processing Type (Mechanical, Chemical, Biological), End-use (Packaging, Building & Construction, Automotive, Electronics), and Region - Global Forecast to 2028", is projected to grow from USD 62.1  billion in 2023 to USD 92.6 billion by 2028, at a CAGR of 8.3% from 2023 to 2028.

The demand for post-consumer recycled plastics is propelled by multiple factors: heightened environmental awareness and the pursuit of reduced plastic waste, reinforced by stringent regulations for plastic pollution reduction; corporations' sustainability objectives leading to increased recycled content incorporation; growing consumer preference for eco-friendly goods, prompting manufacturers to integrate recycled plastics; and advancements in recycling technologies enhancing the quality and accessibility of recycled plastics, rendering them more appealing to various industries.

Browse in-depth TOC on "Post-Consumer Recycled Plastics Market"

390 ? Tables
54 ? Figures
330 ? Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=222347130  

By Source, Bottles to be the fastest-growing source during the forecast period.

Bottles stand as a primary source of recycled plastics due to their widespread consumption, prominent presence in plastic waste streams, and suitability for recovery. The extensive use of bottled beverages and household products results in a substantial accumulation of discarded plastic bottles, rendering them easily accessible for recycling. Furthermore, bottles' standardized forms and compositions simplify recycling procedures, allowing for efficient collection, sorting, and reprocessing into post-consumer recycled plastics, thus contributing significantly to environmental sustainability and resource conservation.

The High-density Polyethylene (HDPE) polymer type is expected to experience significant growth at a rapid rate during the forecast period.

HDPE (High-Density Polyethylene) is a highly recycled polymer type due to its favorable attributes for recycling, widespread applications, and robust recycling infrastructure. HDPE's resilient nature enables efficient mechanical recycling processes involving sorting, cleaning, and reprocessing into new products with minimal quality degradation. Its versatility in packaging, containers, and various products generates a significant supply of post-consumer HDPE waste, and its strong demand makes recycling economically viable.

The chemical recycling process is expected to experience significant growth during the forecast period.

Chemical processing is favored in the post-consumer recycled plastics market for its ability to transform challenging and contaminated plastic waste into usable materials. Unlike mechanical recycling, chemical processes like depolymerization or pyrolysis can break down complex plastics, including mixed or contaminated streams, into their molecular components. This enables the production of high-quality recycled plastics, suitable for various applications, without the limitations posed by sorting and compatibility issues.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=222347130 

By End-use Application, Packaging accounts for the fastest-growing application during the forecast period.

Recycled plastics find their predominant application in packaging due to the packaging industry's pivotal role in addressing sustainability challenges. The packaging sector's high demand for materials aligns with the increasing emphasis on reducing plastic waste and enhancing environmental responsibility. By incorporating recycled plastics, packaging manufacturers can meet consumer expectations for eco-friendly products and contribute to circular economy initiatives. The versatility of recycled plastics allows them to replace virgin plastics in various packaging forms such as bottles, containers, and films, offering a viable solution to reduce the environmental impact of packaging waste while fostering a more sustainable industry landscape.

Asia-Pacific is the largest market during the forecast period.

The Asia-Pacific region emerges as the largest market for post-consumer recycled plastics due to its rapid urbanization and vast population. The region's substantial urban growth leads to increased plastic consumption, resulting in significant plastic waste generation. As urban centers expand, so does the need for sustainable waste management solutions, making post-consumer recycled plastics essential for addressing environmental concerns. Additionally, the sizable population drives demand for consumer goods and packaging, making recycled plastics an attractive choice to meet eco-conscious consumer preferences and regulatory requirements. These factors combined to position the Asia-Pacific market as a key player in the adoption and integration of post-consumer recycled plastics to create more environmentally responsible and resource-efficient societies.

Request Customization: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=222347130

Market Players

The leading players in the post-consumer recycled plastics market are Veolia Environnement SA (France), Suez SA (France), Waste Management, Inc. (US), Republic Services, Inc. (US), Waste Connections, Inc. (Canada), Biffa plc (UK), Clean Harbors, Inc. (US), Stericycle, Inc. (US), Remondis SE & Co. KG (Germany) and others.

Browse Adjacent Market: Resins and Polymers Market Research Reports & Consulting

Related Reports:

Recycled Plastics Market - Global Forecast to 2030

Recycled PET Market - Global Forecast to 2028

About MarketsandMarketstm 

MarketsandMarketstm is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStoretm (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarketstm.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarketstm INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/post-consumer-recycled-plastic-market.asp
Visit Our Website: https://www.marketsandmarkets.com/
Content Source: https://www.marketsandmarkets.com/PressReleases/post-consumer-recycled-plastic.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg 

SOURCE MarketsandMarkets