In 2019, the global post-consumer recycled polymers market was worth USD 7.76 billion. It is projected to grow at a compound annual rate (CAGR of 10.6%) between 2020 and 2027. The market is expected to grow due to an increase in plastic consumption in light-weight components. These lightweight components are used in many industries, including construction, automotive and food processing. Due to the increasing demand for packaging products in light of the COVID-19 pandemic, there has been an increase in online purchases of electronic and cosmetic products, personal care products, personal protective equipment, and personal hygiene products such as gloves and face masks. This is driving demand for recycled plastics from post-consumer packaging.
China's strict regulations regarding post-consumer plastic recycling are driving plastic recyclers to move to Southeast Asian countries like Malaysia and Indonesia. China accounts for a large share of the global plastic recycling market. The increasing purchasing power and disposable income of the Southeast Asian countries will drive demand for automotive, building, construction, and packaging over the forecast period. This is due to the ability to use material to replace metal and wooden parts. Market growth is also supported by the development of commercial, residential, and public infrastructure.
Over the forecast period, the growth of the construction industry in emerging countries like Brazil, China and India will drive demand for post-consumer plastics in the manufacture of components, including insulation, fixtures and safety products such as gloves, belts, and vests.
The growth of recycled plastic in personal protective equipment markets can be attributed to foreign investment in construction markets in the mentioned countries. This is due to the relaxation of FDI norms as well as requirements for redevelopment and improvement of industrial and public infrastructure.
The market leader in the bottle source segment was more than 70% of global revenue in 2019, and it accounted for over 70% of that total. The main source of post-consumer recycled plastic products is plastic bottles. Plastic bottles are used for many purposes in different industries, including the packaging of water and oils as well as pharmaceuticals and carbonated beverages. Placon, Maynard & Harris Plastics, Maynard & Harris Plastics, Placon, and SKS Bottle & Packaging, Inc. are just a few of the major post-consumer plastic bottle producers.
Non-bottle rigid sources include post-consumer poly foam and sheets. These are widely used in packaging. Expanded polystyrene, the most popular type of post-consumer plastic foam, is also available. Automotive and electronic manufacturers, including Panasonic Corporation, SONY Electronics Inc., Ltd., Hitachi, Ltd., and Honda Motor Company Ltd., are moving towards the adoption of post-consumer plastics foam instead of virgin plastics.
The market leader in polyethylene was more than 20% of global revenue in 2019, and it accounted for over 20.0% of that total. Polyethylene is known for its excellent resistance to chemicals such as solvents and alcohols. The main use of polyethylene is to make films, tubes and laminates. These components are used in a variety industries such as automotive, packaging, electronics and electrical.
Because of its outstanding chemical and mechanical properties, polypropylene is widely used in the manufacture of automotive components, packaging, labeling, medical devices and other laboratory equipment. It is highly resistant to many chemical solvents, bases, and acids and has exceptional mechanical strength. It is used for manufacturing plastic hinges, piping system, consumer goods and floor mats. Over the forecast period, the demand will rise for recycled polypropylene post-consumer.
The fastest-growing segment of the market is polystyrene. The rising demand for polyester can also be attributed at large to the demand for water tanks, enclosures, and containers in various industries such as construction, electrical, and electronics, and packaging. It is not biodegradable because it is resistant to photolysis. Additionally, the global warming caused by conventional polystyrene production is higher than that of carbon dioxide. These facts have provided the basis for various policies that aim to recycle post-consumer polystyrene in food packaging (takeaway containers).
The demand for recycled polystyrene post-consumer in packaging applications will rise significantly, especially in the developing countries of Africa and Asia Pacific. The automotive sector uses polystyrene for bumper cores and roof liners as well as sun visors, car seats, and sound deadening under the bonnet.
Asia Pacific was the dominant market, accounting for more than 45% of global revenue in 2019. Due to the increasing demand for nonresidential construction projects such as schools, hospitals, and colleges over the forecast period, the construction industry in Asia Pacific will experience significant growth. This will lead to a rise in demand for personal protective equipment, such as safety vests and helmets, safety belts, etc., which will propel market growth.
Europe was the second largest regional market in 2019, after China. This market is driven by circular economy practices that reduce carbon footprints associated with plastic production. The region also has higher post-consumer plastic recycle.
Due to the growth of post-consumer plastic recycle industry, landfill bans have led to a slowing in European production growth. Because landfill taxes are high in certain European countries, sometimes dumping can be more costly than plastic recycling. This situation encourages the participation of the European population to collect and recycle post-consumer plastics.
North America is third in terms revenue. The growth of major end-use industries such as construction and electrical, along with packaging, is driving the market. Market growth is expected to be boosted by rising demand for packaged and processed foods and the growing construction industry in Canada, Mexico, and the U.S.
There are many small-sized and medium-sized companies in the market. The technology used to recycle post-consumer plastic is what differentiates the market players. Major players are involved with the expansion of their plastic recycle facilities, infrastructural developments, investments in research-and-development facilities, and looking for opportunities to vertically integrate throughout the value chain. They can meet the growing demand for recycled plastics worldwide, improve their operations planning, create innovative products and technologies, reduce their recycling costs and increase their customer base. The following are some of the most prominent players in post-consumer recycled polymers market:
Republic Services, Inc.
WM Intellectual Property Holdings L.L.C.
Veolia
Shell International B.V.
Waste Connections
CLEAN HARBORS INC.
Up Market Research published a new report titled “Post-consumer Recycled Plastics Market research report which is segmented by Type (Polyethylene, Polystyrene, Polypropylene), by Source (Non-bottle Rigid, Bottles), By Players/Companies Shell International BV, Waste Connections, Veolia, Republic Services Inc, WM Intellectual Property Holdings LLC, CLEAN HARBORS INC”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Post-consumer Recycled Plastics Market Research Report |
By Type | Polyethylene, Polystyrene, Polypropylene |
By Source | Non-bottle Rigid, Bottles |
By Companies | Shell International BV, Waste Connections, Veolia, Republic Services Inc, WM Intellectual Property Holdings LLC, CLEAN HARBORS INC |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 202 |
Number of Tables & Figures | 142 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type (Polyethylene, Polystyrene, Polypropylene), by Source (Non-bottle Rigid, Bottles).
Post-consumer Recycled Plastics Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Post-consumer Recycled Plastics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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