Post-Consumer Recycled Plastics Market by Plastic Type (High-Density Polyethylene, Low-Density Polyethylene, Polyethylene Terephthalate), Recycling Process (Biological Recycling, Chemical Recycling, Mechanical Recycling), Source of Recycled Plastic, Appli

Post-Consumer Recycled Plastics Market by Plastic Type (High-Density Polyethylene, Low-Density Polyethylene, Polyethylene Terephthalate), Recycling Process (Biological Recycling, Chemical Recycling, Mechanical Recycling), Source of Recycled Plastic, Application - Global Forecast 2024-2030

The Post-Consumer Recycled Plastics Market size was estimated at USD 65.97 billion in 2023 and expected to reach USD 70.93 billion in 2024, at a CAGR 7.98% to reach USD 112.99 billion by 2030.

Post-consumer recycled packaging refers to reprocessed material made from sources that consumers recycle on a daily basis, which includes items such as aluminum, cardboard, paper, and plastics. As major brands are increasing their efforts to propel sustainability, PCR packaging is gaining traction. These materials are widely used in the packaging of goods, including coffee, pharmaceuticals, pet products, baked goods, snacks, and sports nutrition. Flat pouches, rollstocks, and stand-up pouches are some common examples of products of PCR packaging. Growing consumer and manufacturer awareness about diverse recycling practices and the environmental significance of recycling has propelled the demand for sustainable PCR packaging materials. The burgeoning food and pharmaceutical industry has necessitated rampant production of plastics for efficient and eco-friendly packaging of products made by these industries. However, manufacturing and technical complications associated with the production of post-consumer recycled plastics and packaging design complexity pose significant issues for manufacturers. Additionally, stringent regulations regarding recovery, recycling, and thickness of recycled bags and packaging dissuade investments in the sector. Government initiatives to promote recycling activities can overcome concerns raised by regulatory challenges. Efforts by major manufacturers to invest in the utilization of AI for waste management and the development of recycled plastics have significantly expanded the scope of the industry and enhanced the efficiency of recycling processes.

Regional Insights

Countries in the Americas region, such as the USA and Brazil, are increasing investments and efforts to expand and improve recycling practices. Governmental initiatives and the presence of grants to support the recycling of plastics are observed in this region. The prevalence of well-established regulations and labeling standards and partnerships between major companies to propel eco-friendly and sustainability agendas is responsible for the large scope of the industry. Countries such as China and India are some of the largest consumers and producers of plastics, and the governments in these countries are implementing regulations to govern the recycling of plastics. Manufacturers of confectionery and pharmaceuticals are launching products packed in post-consumer recycled PET. The UK, Germany, Norway, and Switzerland have robust waste management systems that have allowed easy collection and recycling of plastics. The presence of consistent collection schemes has stimulated household recycling of common products such as bottles and utensils. Post-consumer and post-industrial waste generated in European nations is utilized by end-use industries such as the construction, packaging, agriculture, automotive, and electrical industries.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Post-Consumer Recycled Plastics Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Growing awareness about the benefits of recycling and government initiatives to support recycling
Rising utilization of plastics in packaging industries and food and beverage sector
Adoption of sustainable packaging options by food and pharmaceutical industries

Market Restraints

Manufacturing and technical complications associated with the production of post-consumer recycled plastics

Market Opportunities

Utilization of AI and robots for waste management and recycling procedures
Rise of startups that provide recycling services and post-consumer recycled plastic products

Market Challenges

Stringent guidelines for recycling plastics

Market Segmentation Analysis

Plastic Type: Modern advancements driving the recycling of Polyethylene terephthalate(PET) plastics
Recycling Process: Sustainability concerns facilitating the utilization of biological recycling processes
Application: Rampant utilization of post-consumer recycled plastics for packaging of foods, beverages, pharmaceuticals, and confectionaries

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Post-Consumer Recycled Plastics Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Post-Consumer Recycled Plastics Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Innovative Circular Packaging Solution by PepsiCo, Harnessing Post-Consumer Recycled Plastics for Sunbites Snack Brand in the UK and Ireland

PepsiCo launched new packaging for their popular Sunbites snack brand in the UK and Ireland, incorporating a pioneering approach using post-consumer recycled plastics. This initiative reflects a collaborative effort across the supply chain aimed at reducing the environmental footprint associated with packaging. This oil serves as a substitute for traditional petroleum-based feedstock, enabling INEOS Olefins & Polymers Europe to produce recycled propylene and subsequently, high-quality recycled polypropylene resin.

Repsol Advances in Sustainable Packaging with High Recycled Content Lubricant Containers

Repsol, a key multi-energy company, has significantly advanced its commitment to sustainability by launching a new range of lubricant containers under the Repsol Reciclex brand, which incorporates 60% mechanically recycled post-consumer plastic. This initiative aligns with the company's robust environmental objectives and also results in a 25% reduction in carbon footprint compared to its previous packaging iterations.

Plastics Recycler Launches Polymer for Electronics

MBA Polymers UK has launched ABS 4125, a post-consumer recycled content polymer, to cater to the growing needs of electronics, automotive, and cosmetics manufacturers. This product has been certified by UL Solutions, a safety science company, and contains over 95% post-consumer recycled content.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Post-Consumer Recycled Plastics Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Post-Consumer Recycled Plastics Market, highlighting leading vendors and their innovative profiles. These include Alpha Packaging, Amcor PLC, B. Schoenberg & Co., Inc, Berry Global Inc., Biffa, Clean Harbors Inc., Coveris, Delta Plastics, DS Smith PLC by International Paper Co., Eco-Products Inc., Huhtamäki Oy, KW Plastics, MBA Polymers Inc., Placon Corporation Inc., Republic Services, Inc., Reynolds Packaging, Sealed Air Corporation, Smurfit Kappa, Sonoco Products Company, Stericycle, Inc., Sustainable Resins, TerraCycle, Unilever PLC, Veolia Environment SA, and Waste Connections.

Market Segmentation & Coverage

This research report categorizes the Post-Consumer Recycled Plastics Market to forecast the revenues and analyze trends in each of the following sub-markets:

Plastic Type
High-Density Polyethylene
Low-Density Polyethylene
Polyethylene Terephthalate
Polypropylene
Polystyrene
Recycling Process
Biological Recycling
Chemical Recycling
Mechanical Recycling
Source of Recycled Plastic
Automotive Parts
Bottles
Buckets
Containers
Fibers
Films
Foams
Application
Automotive
Construction
Consumer Goods
Packaging
Textiles
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year