Post-Consumer Recycled Plastics Market Forecasts to 2030 – Global Analysis By Source (Non-Bottle Rigid, Bottles and Other Sources), Service, Material Type, Processing Type, Application and By Geography

Post-Consumer Recycled Plastics Market Forecasts to 2030 – Global Analysis By Source (Non-Bottle Rigid, Bottles and Other Sources), Service, Material Type, Processing Type, Application and By Geography

According to Stratistics MRC, the Global Post-Consumer Recycled Plastics Market is accounted for $76.3 billion in 2023 and is expected to reach $153.5 billion by 2030 growing at a CAGR of 10.5% during the forecast period. Post-consumer recycled plastics (PCR plastics) refer to plastic materials that have been used by consumers, discarded, collected through recycling programs, and then processed into new products. Unlike pre-consumer recycled plastics, which come from manufacturing scraps or waste generated during the production process, post-consumer recycled plastics come directly from items that have been used by consumers, such as plastic bottles, containers, packaging, and other plastic products.

According to the European Automobile Manufacturers Association, a Belgium-based automobile manufacturers association, in 2022, the global production of motor vehicles reached 85.4 million units, reflecting a notable increase of 5.7% compared to 2021.

Market Dynamics:

Driver:

Customer demand for sustainable products

As the awareness of environmental sustainability and reducing plastic waste grows, consumers and businesses are increasingly seeking eco-friendly alternatives to traditional packaging. Recycled packaging materials derived from post-consumer plastics play a significant role in reducing the demand for new plastic production, conserving natural resources, and diverting plastic waste from landfills and oceans. This trend is driving market growth as companies strive to achieve sustainability objectives and address the urgent need for responsible packaging solutions.

Restraint:

Limited availability and collection infrastructure

Inadequate collection systems, inconsistent recycling practices, and limited access to post-consumer plastic feedstock hinder the availability of high-quality recycled plastics. Insufficient infrastructure for sorting and processing post-consumer plastics further restricts the supply of recycled materials. Addressing these limitations through improved collection schemes, enhanced recycling facilities, and public awareness initiatives is crucial to bolstering the availability in the market

Opportunity:

Environmental awareness and regulations

Growing environmental consciousness among consumers and businesses has heightened the demand for sustainable packaging solutions, propelling the market. Additionally, stringent regulations mandating the use of recycled content in packaging materials and promoting recycling initiatives have significantly influenced the market dynamics. Companies are increasingly embracing recycled plastics to align with environmental mandates and meet the sustainability expectations of eco-conscious consumers, thereby driving market growth.

Threat:

Quality and consistency concerns

Inadequate infrastructure for waste collection and recycling can lead to contamination and mixed material streams, affecting the feasibility and cost-effectiveness of recycling processes. Additionally, variations in collection practices and the absence of standardized frameworks hinder the scaling of post-consumer recycled plastics initiatives, limiting their potential to meet growing demand and achieve sustainability goals.

Covid-19 Impact:

The COVID-19 pandemic significantly disrupted the market, causing fluctuations in demand and supply chains. Lockdown measures led to reduced industrial activities, affecting recycling operations and collection rates. Additionally, shifts in consumer behavior towards single-use plastics due to hygiene concerns posed challenges for recycled plastics adoption. However, increased awareness of sustainability and environmental concerns amidst the pandemic also propelled interest in recycled plastics, potentially driving market growth in the long term despite short-term setbacks.

The pickles segment is expected to be the largest during the forecast period

The pickles segment is expected to be the largest during the forecast period driven by sustainability initiatives and consumer demand for eco-friendly solutions. Utilizing recycled plastics not only reduces environmental impact by diverting waste from landfills but also aligns with brand values of corporate responsibility. With advancements in recycling technologies and improvements in plastic quality, manufacturers can now maintain packaging integrity while meeting sustainability goals.

The healthcare segment is expected to have the highest CAGR during the forecast period

The healthcare segment is expected to have the highest CAGR during the forecast period driven by sustainability goals and environmental concerns. This emerging market segment sees recycled plastics being integrated into various healthcare products, including packaging, medical devices, and equipment. Manufacturers are increasingly adopting recycled plastics to reduce their carbon footprint and minimize waste.

Region with largest share:

North America is projected to hold the largest market share during the forecast period. Increasing awareness about environmental sustainability and stringent regulations on plastic waste management has fueled demand. Companies are adopting recycled plastics in various industries, including packaging, automotive, construction, and consumer goods. Technological advancements in recycling processes are further driving market expansion.

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period. Advancements in recycling technologies have improved the quality and availability of post-consumer recycled plastics. Innovations in sorting, cleaning, and processing techniques have made recycled plastics more viable for various applications. With its large population, rapid urbanization, and increasing consumption, the region offers a substantial market for recycled plastic products.

Key players in the market

Some of the key players in Post-Consumer Recycled Plastics market include Eco-Products, Inc, Genpak, LLC, Papier-Mettler, Placon Corporation Inc, Alpha Packaging, Inc, Amcor Rigid Plastics USA Inc., Remondis SE & Co. Kg, Seventh Generation Inc, Tray-Pak Corporation, Inhaber Michael Mettler e.K, Veolia Environnement, Republic Services, Berry Global Inc., Amcor plc, Plastipak Holdings Inc., Sonoco Products Company and Smurfit Kappa.

Key Developments:

In April 2023, Indorama Ventures and Evertis announced their partnership to create PET film for food packaging trays using PET flake from recycled PET trays. The collaboration helps Evertis reach its goal of 50% post-consumer recycled content in its products by 2025.

In February 2023, Loop Industries, SUEZ, and SK geocentric announced the installation of manufacturing site for virgin-quality PET plastic created from 100% recycled content in the Grand Est area of France.

Sources Covered:
• Non-Bottle Rigid
• Bottles
• Other Sources

Services Covered:
• Incineration
• Collection & Transportation
• Landfills
• Recycling

Material Types Covered:
• Polyurethane (PUR)
• Polyvinyl Chloride (PVC)
• High-density Polyethylene (HDPE)
• Low-density Polyethylene (LDPE)
• Polystyrene (PS)
• Polyethylene Terephthalate (PET)
• Polypropylene (PP)

Processing Types Covered:
• Biological
• Chemical
• Mechanical

Applications Covered:
• Building & Construction
• Electronics
• Automotive
• Packaging
• Furniture
• Recycled Plastics
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements