Post-consumer Recycled Plastics Market by Material and Geography - Forecast and Analysis 2022-2026

The post-consumer recycled plastics market share is expected to increase by USD 5.44 billion from 2021 to 2026, at a CAGR of 6.6%.

This post-consumer recycled plastics market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers post-consumer recycled plastics market segmentation by material (PET, HDPE, PP, and others) and geography (North America, APAC, Europe, Middle East and Africa, and South America). The post-consumer recycled plastics market report also offers information on several market vendors, including AAA Polymer Inc., B and B Plastics Recycling Inc., B. Schoenberg and Co. Inc., Clear Path Recycling LLC, Defy Design, Dow Inc., EFS Plastics Inc., Envision Plastics, EREMA Engineering Recycling Maschinen und Anlagen Ges.m.b.H., Fukutomi Recycling Ltd., Genpak LLC, Green Warehouse Ltd., Jabil Inc., KW Plastics, MBA Polymers Inc., Recycling Technologies Ltd., SUEZ SA, TerraCycle Inc., Union J Plus (THAILAND) Co. Ltd, and Veolia Environment SA among others.

What will the Post-consumer Recycled Plastics Market Size be During the Forecast Period?

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Post-consumer Recycled Plastics Market: Key Drivers, Trends, and Challenges

The increased demand for recycled plastics from the packaging industry is notably driving the post-consumer recycled plastics market growth, although factors such as low recycling rate of plastics may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the post-consumer recycled plastics industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Post-consumer Recycled Plastics Market Driver

One of the key factors driving growth in the post-consumer recycled plastics market is the increased demand for recycled plastics from the packaging industry. Many industries are adopting green and sustainable solutions, with the increase in awareness about healthy living. Therefore, consumers are using post-consumer recycled post-consumer recycled plastics. Hence, considerable attention is being drawn to plastic recycling. The packaging industry uses post-consumer recycled plastics substantially. With the growing awareness among consumers about environmental protection, the packaging industry is shifting to the use of post-consumer recycled plastics. This has drastically driven the packaging industry to switch to recycled plastic for reducing the carbon footprint and contributing to a green environment. Post-consumer recycled plastics are also useful in increasing shelf life and offering product protection. Thus, with an increase in the adoption of green options in various applications in day-to-day businesses, the global post-consumer recycled plastics market is expected to grow at a significant pace during 2022-2026.

Key Post-consumer Recycled Plastics Market Trend

The rise in awareness about using recycled plastics through social media is another factor supporting the post-consumer recycled plastics market share growth. Plastic is hazardous to the environment. Every year, more than 300 tons of plastic is produced globally, of which 8-10 million tons of plastic is dumped in oceans. Plastic waste has been drawing attention globally. Marine life, as well as terrestrial life, is considerably affected by the dumping or incineration of plastics. Many associations and non-governmental organizations, such as The Association of Plastic Recyclers, 5 Gyres, Recycling of Used Plastics Limited (RECOUP), have undertaken the initiative of promoting the use of recycled plastics through social media by sharing videos and pictures of its effect on the environment. Furthermore, the use of hashtags across media platforms, such as Facebook, Twitter, and Instagram, is adding significantly to the promotion of solutions for a green environment. Government campaigns that are promoted over social media contribute to the demand for recycled plastics. Easy access to social media and an increase in awareness about the negative impact of nondegradable plastics is creating a positive impact on the global post-consumer recycled plastics market.

Key Post-consumer Recycled Plastics Market Challenge

The low recycling rate of plastics will be a major challenge for the post-consumer recycled plastics market during the forecast period. Plastic is inexpensive and possesses versatile properties that render it ideal for a wide range of applications. It is produced by transforming petroleum and natural gas into their constituent monomers; therefore, its decomposition rate is negligible, which makes it an unsustainable waste. To reduce the impact of plastics on the environment, plastics recycling is promoted by governments across the world. However, recycling rates have been low. The separation of different plastic polymers is an additional challenge, which lowers the recycling rates of plastics. Furthermore, new plastic tends to be of much better quality than recycled plastics. The high cost of recycling, tedious polymer separation methods, and poor quality of recycled plastics lead to low recovery rates of consumed plastic wastes. This is one of the major challenges faced by the global post-consumer recycled plastics market, which would negatively affect market growth.

This post-consumer recycled plastics market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global post-consumer recycled plastic market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the post-consumer recycled plastics market during the forecast period.

Who are the Major Post-consumer Recycled Plastics Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• AAA Polymer Inc.
• B and B Plastics Recycling Inc.
• B. Schoenberg and Co. Inc.
• Clear Path Recycling LLC
• Defy Design
• Dow Inc.
• EFS Plastics Inc.
• Envision Plastics
• EREMA Engineering Recycling Maschinen und Anlagen Ges.m.b.H.
• Fukutomi Recycling Ltd.
• Genpak LLC
• Green Warehouse Ltd.
• Jabil Inc.
• KW Plastics
• MBA Polymers Inc.
• Recycling Technologies Ltd.
• SUEZ SA
• TerraCycle Inc.
• Union J Plus (THAILAND) Co. Ltd
• Veolia Environment SA

 

This statistical study of the post-consumer recycled plastics market encompasses successful business strategies deployed by the key vendors. The post-consumer recycled plastics market is fragmented and the vendors are deploying growth strategies such as pricing and marketing strategies to retain their existing market share and seize new market opportunities to compete in the market.

Product Insights and News

• bbplasticsinc.com - Through the unified segment, the company offers custom compounder of thermoplastics that has a broad range of products such as generic prime, wide spec, custom compounds, repalletized and regrind materials.

• Post-consumer recycled plastics - Through this segment, the company offers post-consumer recycled plastics, which have a wide range of products such as generic prime, wide spec, custom compounds, repelletized, and regrind materials.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The post-consumer recycled plastics market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Post-consumer Recycled Plastics Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the post-consumer recycled plastics market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Post-consumer Recycled Plastics Market?

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33% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for post-consumer recycled plastics in North America. Market growth in this region will be faster than the growth of the market in the European and MEA regions.

The improvement in processing and sorting technologies, as well as collection infrastructures, will facilitate the post-consumer recycled plastics market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, post-consumer recycled plastics manufacturing companies in North America faced certain challenges, owing to the outbreak of COVID-19. Manufacturing and supply chain operations were disrupted. This negatively impacted the entire supply chain network, which caused a lag in the regional post-consumer recycled plastics market. However, with the resumption of manufacturing operations from H1 2021, market conditions have been improving gradually, which is expected to drive the growth of the market during the forecast period.

What are the Revenue-generating Material Segments in the Post-consumer Recycled Plastics Market?

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The post-consumer recycled plastics market share growth by the PET segment will be significant during the forecast period. The segment is expected to grow faster than the overall market during 2022-2026. Its position will remain the same as the largest market in 2026. Many waste collection agencies and local governments have started collecting PET waste and separating it from other household wastes.

This report provides an accurate prediction of the contribution of all the segments to the growth of the post-consumer recycled plastics market size and actionable market insights on post COVID-19 impact on each segment.

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Rigid Recycled Plastics market - The market share is expected to increase by 623.86 thousand MT from 2020 to 2025, at a CAGR of 7.52%.

Recycled Plastics market - The market share is expected to increase by 16.28 million tons from 2020 to 2025, and the market's growth momentum will decelerate at a CAGR of 4.25%.

Post-consumer Recycled Plastics Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Decelerate at a CAGR of 6.6%
Market growth 2022-2026	$ 5.44 billion
Market structure	Fragmented
YoY growth (%)	7.12
Regional analysis	North America, APAC, Europe, Middle East and Africa, and South America
Performing market contribution	North America at 33%
Key consumer countries	US, Canada, Saudi Arabia, China, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	AAA Polymer Inc., B and B Plastics Recycling Inc., B. Schoenberg and Co. Inc., Clear Path Recycling LLC, Defy Design, Dow Inc., EFS Plastics Inc., Envision Plastics, EREMA Engineering Recycling Maschinen und Anlagen Ges.m.b.H., Fukutomi Recycling Ltd., Genpak LLC, Green Warehouse Ltd., Jabil Inc., KW Plastics, MBA Polymers Inc., Recycling Technologies Ltd., SUEZ SA, TerraCycle Inc., Union J Plus (THAILAND) Co. Ltd, and Veolia Environment SA
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Post-consumer Recycled Plastics Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive post-consumer recycled plastics market growth during the next five years
• Precise estimation of the post-consumer recycled plastics market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the post-consumer recycled plastics industry across North America, APAC, Europe, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of post-consumer recycled plastics market vendors

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