Post-consumer Recycled Plastics In Consumer Electronics Market Size, Share & Trends Analysis Report By Type (PC, PC/ABS, PET, PS, PP, ABS), By Source, By Application, By Region, And Segment Forecasts, 2024 - 2033

Post-consumer Recycled Plastics In Consumer Electronics Market Size, Share & Trends Analysis Report By Type (PC, PC/ABS, PET, PS, PP, ABS), By Source, By Application, By Region, And Segment Forecasts, 2024 - 2033

Post-consumer Recycled Plastics In Consumer Electronics Market Growth And Trends

The global post-consumer recycled plastics in consumer electronics market size is anticipated to reach USD 37.79 million by 2033 and is projected to grow at a CAGR of 10.8% from 2024 to 2030 according to a new report by Grand View Research, Inc. The rapidly increasing quantity of e-waste is a serious global challenge that is being tackled by a number of governments. Many companies have accepted the use of post-consumer recycled polymers in the creation of their electrical devices as part of their sustainability goals.

Global urbanization, rising disposable incomes, and fast industrialization have fueled demand for electronic equipment. Plastics have gained popularity in the production of electronic equipment such as computers, cellphones, and other wearable gadgets due to properties such as durability, hardness, transparency, high heat and chemical resistance, and lightweight.Furthermore, an increasing number of environmental conservation awareness programs are being implemented to keep both customers and electronic device manufacturers informed about the growing increase of e-waste.

Furthermore, several end-use applications have embraced the use of post-consumer recycled plastics in the creation of their products. This allows them to keep raw material costs under control while also portraying themselves as an environmentally responsible product developer in comparison to their competitors. Lenovo Group Limited, for example, uses post-consumer recycled plastics in the production of its notebooks, desktops, workstations, monitors, and other peripherals.

Post-consumer Recycled Plastics In Consumer Electronics Market Report Highlights

• Based on source, the non-bottle rigid source segment dominated the market with more than 88.0% share in 2023. This has grown significantly in recent years, due to an increase in exporters' purchases of difficult-to-recycle commodities such as mixed resin rigid bales, as well as a rise in recovery and production of these commodities around the globe
• The PC/ABS type segment is expected to grow at the fastest CAGR over the forecast period
• The polycarbonate (PC) type segment held the largest market share of more than 56% in 2023. Post-consumer recycled polycarbonate (PC) resins have higher toughness and impact strength, light transmittance, UV radiation protection, and chemical and heat resistance, making them suitable for use in electrical and electronic device components such as television frames, mobile cases, and electrical housing
• Growing urbanization, increasing disposable income, and rapid industrialization across the world have propelled the demand for electronic equipment. The ready availability and the increase in plastic waste can prove to be a driving factor for the market over the forecast period. Moreover, the use of e-waste can reduce the number of landfills across the globe
• Asia Pacific dominated the global market owing to the growing population as well as the end-use electronic industries are simultaneously upgrading smartphones, computers, laptops, smartwatches, and other consumer electronic devices
• In January 2023, Panasonic launched the Take Back for Tomorrow campaign to encourage consumers to recycle specific consumer electrical products. The pilot program will begin with electronic personal care products such as shavers and trimmers, which offer a significant chance to recycle components that might otherwise end up in landfills

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