Recycled Plastics Market projected to grow to USD 120.0 billion by 2030: ResearchAndMarkets

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DUBLIN, May 12, 2023 /PRNewswire/ — The “Global Recycled Plastics Market by Source (Bottles, Fibers, Films, Foams), Process, Plastic Type (PET, PE, PP, PVC, PS), Type, End-Use (Packaging, Textiles, Building & Construction, Automotive, Electrical & Electronics), and Region – Forecast to 2030” report has been added to ResearchAndMarkets.com’s offering.

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The recycled plastics market is projected to grow from USD 69.4 billion in 2023 to USD 120.0 billion by 2030, at a CAGR of 8.1% from 2023 to 2030.

The recycled plastics market is on the way for intense growth across various end-use industries including packaging, textiles, building & construction, automotive, electrical & electronics, and other industries.

By type, the post-consumer recyclate segment is expected to be the largest and fastest growing segment of recycled plastics market during 2023 to 2030

Based on type, post-consumer recyclate is expected to lead the recycled plastics market. Factors such as growing usage of plastics in a wide range of products including clothing and food & beverages are expected to drive the market for the post-consumer recyclate segment during the forecast period.

By end-use industry, packaging segment accounted for the largest share of recycled plastics market in 2022

The packaging segment held the largest share of the market owing to the increase in usage of recycled plastics in packaging industry for a wide range of products. The major recycled resins used for the packaging industry are PET and HDPE. Boots, M&S, Coca-Cola, and Innocent Drinks are a few of the major companies using recycled products for packaging.

The recycled plastics market in North America is projected to witness the second highest CAGR during the forecast period

North America is projected to register the second highest CAGR in the recycled plastics market from 2023 to 2030. North America is one of the key markets for recycled plastics owing to its increasing focus on reducing plastic disposal and promotion of recycled plastics usage.

Company Profiles

  • Alpek
  • B&B Plastics
  • Berry Circular Polymers
  • Biffa
  • Cabka
  • Cleanaway
  • Covanta Holding Corporation
  • Custom Polymers
  • Envision Plastics
  • Far Eastern New Century Corporation
  • Fresh Pak Corporation
  • Imerys
  • Indorama Ventures Public Ltd
  • Jayplas
  • Kk Asia Pte Ltd
  • Kw Plastics
  • Loop Industries, Inc.
  • Mba Polymers
  • Pet Processors LLC
  • Phoenix Technologies
  • Plastipak Holdings
  • Purecycle
  • Remondis Se & Co. Kg
  • Replas
  • Republic Services
  • Stericycle, Inc.
  • Suez
  • Ultra-Poly Corporation
  • Veolia
  • Waste Connections, Inc.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

5.1 Introduction

5.1.1 Market Dynamics

5.1.2 Drivers

5.1.3 Restraints

5.1.4 Opportunities

5.1.5 Challenges

6 Industry Trends

6.1 Value Chain Analysis

6.2 Ecosystem

6.3 Porter’s Five Forces Model

6.4 Pricing Analysis

6.4.1 Average Selling Price Trend

6.4.2 Average Selling Price of Key Players, by Plastic Type

6.5 Tariff and Regulatory Landscape

6.5.1 Regulatory Bodies, Government Agencies & Other Organizations

6.6 Technology Analysis

6.7 Patent Analysis

6.8 Trade Data Statistics

6.9 Case Study Analysis

6.10 Key Conferences & Events 2022-2023

6.11 Key Stakeholders & Buying Criteria

6.11.1 Key Stakeholders in Buying Process

6.11.2 Buying Criteria

7 Recycled Plastics Market, by Process

7.1 Introduction

7.2 Mechanical

7.3 Chemical

7.4 Biological

8 Recycled Plastics Market, by Source

8.1 Introduction

8.2 Bottles

8.3 Fibers

8.4 Foams

8.5 Films

8.6 Others

9 Recycled Plastics Market, by Plastic Type

9.1 Introduction

9.2 Polyethylene Terephthalate

9.3 Polyethylene

9.4 Polypropylene

9.5 Polyvinly Chloride

9.6 Polystyrene

9.7 Others

10 Recycled Plastics Market, by Type

10.1 Introduction

10.2 Post-Consumer Recyclates

10.3 Industrial Recyclates

11 Recycled Plastics Market, by End-Use Industry

11.1 Introduction

11.2 Packaging

11.3 Building & Construction

11.4 Textiles

11.5 Automotive

11.6 Electrical & Electronics

11.7 Others

12 Recycled Plastics Market, by Region

12.1 Introduction

12.2 Asia-Pacific

12.2.1 Recession Impact

12.2.2 China

12.2.3 Japan

12.2.4 India

12.2.5 South Korea

12.2.6 Rest of Asia Specific

12.3 Europe

12.3.1 Recession Impact

12.3.2 Germany

12.3.3 France

12.3.4 Spain

12.3.5 UK

12.3.6 Italy

12.3.7 Rest of Europe

12.4 North America

12.4.1 Recession Impact

12.4.2 US

12.4.3 Canada

12.4.4 Mexico

12.5 Middle East & Africa

12.5.1 Recession Impact

12.5.2 South Africa

12.5.3 Saudi Arabia

12.5.4 Iran

12.5.5 Rest of Middle East & Africa

12.6 South America

12.6.1 Recession Impact

12.6.2 Brazil

12.6.3 Argentina

12.6.4 Rest of South America

13 Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/r/ot3bj

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