Post-Consumer Recycled Plastics Market Size Worth $27.34 Billion By 2032 | CAGR: 10.60%

The global post-consumer recycled plastics market size is expected to reach USD 27.34 billion by 2032, according to a new study by Polaris Market Research. The report “Post-Consumer Recycled Plastics Market Share, Size, Trends, Industry Analysis Report, By Source (Non-bottle Rigid, Bottles, Others); By Type; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The substantial expansion of the beverage industry presents a notable opportunity for post-consumer recycled plastic packaging. In the face of increasing global demand for food and beverages, spanning bottled water, soft drinks, and alcoholic beverages, companies in the beverage sector are actively seeking sustainable packaging solutions that align with consumer expectations and environmental objectives.

Post-consumer recycled plastic packaging, renowned for its eco-friendly attributes and reduced environmental footprint, stands ready to address this demand. Numerous beverage manufacturers are transitioning to post-consumer recycled plastic materials to diminish their reliance on virgin plastics and underscore their dedication to sustainability.

This industry-wide shift toward sustainable packaging not only encourages innovation but also opens up fresh avenues for suppliers of post-consumer recycled plastic packaging, positioning them to take advantage of the beverage sector's expansion and sustainability endeavors.

Economic incentives offer a promising avenue for the adoption of post-consumer recycled plastic packaging. Companies spanning various sectors are increasingly realizing the financial advantages associated with embracing sustainable practices, including the utilization of recycled materials.

The act of recycling and the adoption of post-consumer recycled plastic can result in reduced waste disposal costs, diminished expenses related to raw materials, and the potential for generating revenue through the sale of recycled materials. Furthermore, governments and organizations are providing financial incentives, grants, and tax benefits to encourage the integration of post-consumer recycled plastic and sustainable packaging solutions.

These economic incentives not only render post-consumer recycled plastic more financially appealing but also motivate industries to invest proactively in sustainable packaging alternatives.

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Additionally, a study published in the National Library of Medicine in June 2021 highlighted the significant impact of coronary artery disease (CAD) on global health. CAD alone is responsible for approximately 610,000 deaths annually, accounting for an estimated one in four deaths and making it the foremost cause of mortality in the United States. With the incidence of CAD rising, there is a growing demand for effective Post-Consumer Recycled Plastics devices to address this pressing medical need. Consequently, this factor is projected to drive the demand for Post-Consumer Recycled Plasticss throughout the forecast period.

Post-Consumer Recycled Plastics Market Report Highlights

• In 2022, the Bottles segment commanded the most significant share of revenue. Plastic bottles stand as the primary sources of post-consumer recycled materials and serve various industries by packaging water, oils, pharmaceuticals, and carbonated beverages. Notable manufacturers of post-consumer recycled plastic bottles encompass SKS Bottle & Packaging, Inc., CABKA Group, Maynard & Harris Plastics, and Placon.
• During the forecast period, the Polyethylene segment secured the largest market share.This achievement can be ascribed to its remarkable chemical resistance properties, including its ability to resist solvents, alcohols, alkalis, and diluted acids. Polyethylene is predominantly utilized in the production of films, tubes, laminates, and plastic components, serving various industries such as packaging, electrical and electronics, and automotive.
• In 2022, Asia Pacific emerged as the dominant market, making a substantial contribution to the global revenue share. The construction sector in the Asia Pacific region is poised for significant growth in the coming years, driven by the rising need for non-residential construction ventures, including hospitals and educational institutions like schools and colleges. This surge in construction activities is expected to boost the demand for personal protective equipment products, including helmets, safety vests, safety belts, and various other items, consequently fueling industry growth.
• The global key market players include Alpha Packaging, Amcor plc, Berry Global Inc., Biffa, CLEAN HARBORS, INC., Coveris, DS Smith, Eco-Products, Inc., Mondi, Placon, REMONDIS SE & Co. KG, Sealed Air, Seventh Generation Inc., Stericycle, SUEZ, Veolia, WM Intellectual Property Holdings, L.L.C.

Polaris Market Research has segmented the Post-Consumer Recycled Plastics market report based on type, source, and region:

Post-Consumer Recycled Plastics, Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Polyurethane (PUR)
• Polyethylene Terephthalate (PET)
• Polyvinyl Chloride (PVC)
• Polystyrene (PS)
• Polypropylene (PP)
• Polyethylene (PE)
• Others

Post-Consumer Recycled Plastics, Source Outlook (Revenue - USD Billion, 2019 - 2032)

• Non-bottle Rigid
• Bottles
• Others

Post-Consumer Recycled Plastics, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Post-Consumer Recycled Plastics Market Report Scope