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Recycled Plastics Market Share, Opportunities, Industry 2031
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Recycled Plastics Market Share, Opportunities, Industry 2031

Segments - Recycled Plastics Market by Types (Polyethylene Terephthalate (PET), Polyethylene (PE), Polypropylene (PP), Polystyrene (PS), Polyvinyl Chloride (PVC), and Others), Sources (Plastic Bottles, Trays, Tubs, Polymer Foam, Plastic Films, Plastic Fivers, and Others), Methods (Heat Compression, Thermal Decomposition, Mechanical Pressing, Pyrolysis, Distributed Recycling, and Others), Applications (Construction, Packaging, Automotive, Electrical & Electronics, Textiles, and Others), and Regions (Asia Pacific, North America, Latin America, Europe and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2022 – 2030

https://growthmarketreports.com/Riddhesh
Author : Riddhesh Dani
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Fact-checked by : Harneet Meher
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Editor : Shruti Bhat

Upcoming | Report ID :MC-4111 | 4.7 Rating | 73 Reviews | 167 Pages | Format : PDF Excel PPT

Report Description


The global recycled plastics market size was valued at around USD 28 billion in 2021 and is anticipated to reach around USD 45 billion by 2030, expanding at a CAGR of around 9% during the forecast period, 2022 – 2030. The growth of the market is attributed to the emergence of recycling technologies and growing acceptance of recycled plastics consumption in textile industry as fibers.

Global Recycled Plastics Market Summary

Plastic recycling refers to the process of recovering used plastic scarps and waste and reprocessing them into new products. Plastics are inexpensive, durable, and lightweight materials. They can be molded into various products to use in plethora of applications. Plastics cause litter and pollution, which are harmful to the environment. Reprocessing and repurposing used plastic prevents plastic waste, reduce dependency on landfills, conserve resources, and protect the environment from harmful plastic pollution and greenhouse gas emission.

Plastic waste collected from houses, businesses, and recycling centers goes to facilities that sorts plastic by different types. The sorted plastic waste is washed, shredded, melted, and extruded into new recycled plastic pellets. These recycled plastic pellets are used to create various products. It requires public, businesses, industries, waste collectors, transfer stations, and recycling facilities to work in unison for plastic recycling system to work efficiently. Rising awareness regarding negative effects of plastics waste on the environment and increasing use of recycled plastics in various industries is expected to drive the global recycled plastics market during the forecast period.

  • Negative impact of plastic disposal on the environment drives the global recycled plastics market.
  • Increasing awareness about advantages of using recycled plastics in packaging solutions for food & beverages, personal care, healthcare, and others is estimated to boost the market during the forecast period.
  • Numerous government policies and initiative to increase recycling of used plastics is projected to spur the market in the coming years.
  • Growing construction industries in developing countries fuels the market.
  • Stringent competition from virgin plastics is expected to hamper the growth of the market in the forecast period.
  • Rising usage of recycled plastic fibers in textile industry offers growth opportunities to the key market players.

Scope of the Report

The report on the global recycled plastics market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Recycled Plastics Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2021

Historic Data

2019–2020

Forecast Period

2022–2030

Segmentation

Types (Polyethylene Terephthalate (PET), Polyethylene (PE), Polypropylene (PP), Polystyrene (PS), Polyvinyl Chloride (PVC), and Others), Sources (Plastic Bottles, Trays, Tubs, Polymer Foam, Plastic Films, Plastic Fivers, and Others), Methods (Heat Compression, Thermal Decomposition, Mechanical Pressing, Pyrolysis, Distributed Recycling, and Others), and Applications (Construction, Packaging, Automotive, Electrical & Electronics, Textiles, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

PLASgran, Ltd.; Veolia Environment S.A.; Suez S.A.; B&B Plastics Recycling, Inc.; KW Plastics; Viridor, Ltd.; Custom Polymers, Inc.; Jayplas; CarbonLite Industries, LLC; Kuusakoski Group Oy; Waste Connections; Clear Path Recycling, LLC.; Green Line Polymers; Plastipak Holdings, Inc.; and Others

Market Segment Insights

Polyethylene Terephthalate (PET) segment drives the market

Based on types, the market is divided into Polyethylene Terephthalate (PET), Polyethylene (PE), Polypropylene (PP), Polystyrene (PS), Polyvinyl Chloride (PVC), and others. The PET segment is expected to boost the market during the forecast period, owing to its large-scale in food-packaging and bottling. PET is lightweight, durable, non-toxic, and easy to recycle. These factors aid in expansion of the segment; thus, fueling the market. The Polyethylene (PE) segment is estimated to expand in the coming years, due to its increasing usage in various applications such as packaging, cutting boards, trash bins, and others. The Polypropylene (PP) segment is anticipated to expand during the forecast period, due to its increasing use in car parts, thermal vests, disposable diapers, and others.

Global Recycled Plastics Market Types

Plastic bottles segment holds a large market share

On the basis of sources, the market is segregated into plastic bottles, trays, tubs, polymer foam, plastic films, plastic fivers, and others. The plastic bottles segment is projected to drive the market during the forecast period, as plastic bottles are the most recycled post-consumer plastics with better network for collecting and sorting. Most of the plastic bottles are made from PET resin, which has high recycling rate among the other types. The bottle segment is estimated to expand in the developing region, due to their easy availability.

Mechanical pressing fuels the market

In terms of methods, the market is segmented into heat compression, thermal decomposition, mechanical pressing, pyrolysis, distributed recycling, and others. The mechanical pressing segment is projected to hold a large market share during the forecast period, owing to easy and wide availability and low prices of equipment for mechanical pressing. The pyrolysis segment is anticipated to expand rapidly in the coming years, as it reduces risk of water pollution and greenhouse gas emission, and it is inexpensive than waste disposal to landfills.

Packaging application boosts the market

In terms of applications, the market is divided into construction, packaging, automotive, electrical & electronics, textiles, and others. The packaging application is expected to expand at a rapid pace during the forecast period, owing to increasing demand for packaged food & beverages across the globe. Rising application of recycled plastics in packaging segment, due to reduction in pollution, lesser dependency on fossil fluids, and sustainability drives the market. The construction segment is estimated to boost the market in the coming years, due to growing use of recycled polymer in numerous products related to construction. Increasing use of recycled plastic in automotive industry is estimated to surge the automotive segment and fuel the global recycled plastics market in the forecast period.

North America dominates the market

Based on regions, the market is segmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in North America is expected to expand rapidly during the coming years, as various companies in the region are using recycled plastics in their products. The market in Asia Pacific is anticipated to expand at a high CAGR during the forecast period, owing to rising domestic recycling rates in the region. Various government initiatives taken in the region drives the market in Asia Pacific.

Global Recycled Plastics Market Regions

Segments

The global recycled plastics market has been segmented on the basis of

Types
  • Polyethylene Terephthalate (PET)
  • Polyethylene (PE)
  • Polypropylene (PP)
  • Polystyrene (PS)
  • Polyvinyl Chloride (PVC)
  • Others
Sources
  • Plastic Bottles
  • Trays
  • Tubs
  • Polymer Foam
  • Plastic Films
  • Plastic Fivers
  • Others
Methods
  • Heat Compression
  • Thermal Decomposition
  • Mechanical Pressing
  • Pyrolysis
  • Distributed Recycling
  • Others
Applications
  • Construction
  • Packaging
  • Automotive
  • Electrical & Electronics
  • Textiles
  • Others
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • PLASgran, Ltd.
  • Veolia Environment S.A.
  • Suez S.A.
  • B&B Plastics Recycling, Inc.
  • KW Plastics; Viridor, Ltd.
  • Custom Polymers, Inc.
  • Jayplas
  • CarbonLite Industries, LLC
  • Kuusakoski Group Oy
  • Waste Connections
  • Clear Path Recycling, LLC.
  • Green Line Polymers
  • Plastipak Holdings, Inc.
  • Others

Competitive Landscape

The global recycled plastics market is fragmented with the presence of key players such as PLASgran, Ltd.; Veolia Environment S.A.; Suez S.A.; B&B Plastics Recycling, Inc.; KW Plastics; Viridor, Ltd.; Custom Polymers, Inc.; Jayplas; CarbonLite Industries, LLC; Kuusakoski Group Oy; Waste Connections; Clear Path Recycling, LLC.; Green Line Polymers; Plastipak Holdings, Inc.; and others, who use strategies such as collaborations, mergers, acquisitions, partnerships, and product launches to dominate the market. For example, in January 2022, Veolia acquired Suez S.A. to set a benchmark for ecological transformation around the globe. In July 2021, Jayplas collaborated with the Co-Operative Supermarket chain to run comprehensive in-store recycling program in Europe.

Global Recycled Plastics Market Key Players

Frequently Asked Questions

as PLASgran, Ltd.; Veolia Environment S.A.; Suez S.A.; B&B Plastics Recycling, Inc.; KW Plastics; Viridor, Ltd.; Custom Polymers, Inc.; and Jayplas are some of the key market players.

North America dominates the recycled plastics market.

Plastic recycling refers to the process of recovering used plastic scarps and waste and reprocessing it into new products.

Rising awareness regarding negative effects of plastics waste on environment and growing acceptance of recycled plastics consumption in textile industry as fibers are the key factors driving the global recycled plastics market.

Heat compression, thermal decomposition, mechanical pressing, pyrolysis, distributed recycling, and others are methods of recycling plastics.

The global recycled plastics market size was valued at around USD 28 billion in 2021.

The global recycled plastics market is estimated to register CAGR of around 9% during the forecast period.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Recycled Plastics Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Recycled Plastics Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Recycled Plastics Market - Supply Chain
  4.5. Global Recycled Plastics Market Forecast
     4.5.1. Recycled Plastics Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Recycled Plastics Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Recycled Plastics Market Absolute $ Opportunity
5. Global Recycled Plastics Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Recycled Plastics Market Size and Volume Forecast by Types
     5.3.1. Polyethylene Terephthalate (PET)
     5.3.2. Polyethylene (PE)
     5.3.3. Polypropylene (PP)
     5.3.4. Polystyrene (PS)
     5.3.5. Polyvinyl Chloride (PVC)
     5.3.6. Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Recycled Plastics Market Analysis and Forecast by Applications
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Applications
     6.2.2. Y-o-Y Growth Projections by Applications
  6.3. Recycled Plastics Market Size and Volume Forecast by Applications
     6.3.1. Construction
     6.3.2. Packaging
     6.3.3. Automotive
     6.3.4. Electrical & Electronics
     6.3.5. Textiles
     6.3.6. Others
  6.4. Absolute $ Opportunity Assessment by Applications
  6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Recycled Plastics Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Recycled Plastics Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Recycled Plastics Demand Share Forecast, 2019-2026
8. North America Recycled Plastics Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Recycled Plastics Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Recycled Plastics Market Size and Volume Forecast by Types
     8.4.1. Polyethylene Terephthalate (PET)
     8.4.2. Polyethylene (PE)
     8.4.3. Polypropylene (PP)
     8.4.4. Polystyrene (PS)
     8.4.5. Polyvinyl Chloride (PVC)
     8.4.6. Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. North America Recycled Plastics Market Size and Volume Forecast by Applications
     8.7.1. Construction
     8.7.2. Packaging
     8.7.3. Automotive
     8.7.4. Electrical & Electronics
     8.7.5. Textiles
     8.7.6. Others
  8.8. Basis Point Share (BPS) Analysis by Applications
  8.9. Y-o-Y Growth Projections by Applications
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Recycled Plastics Demand Share Forecast, 2019-2026
9. Latin America Recycled Plastics Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Recycled Plastics Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Recycled Plastics Market Size and Volume Forecast by Types
     9.4.1. Polyethylene Terephthalate (PET)
     9.4.2. Polyethylene (PE)
     9.4.3. Polypropylene (PP)
     9.4.4. Polystyrene (PS)
     9.4.5. Polyvinyl Chloride (PVC)
     9.4.6. Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Latin America Recycled Plastics Market Size and Volume Forecast by Applications
     9.7.1. Construction
     9.7.2. Packaging
     9.7.3. Automotive
     9.7.4. Electrical & Electronics
     9.7.5. Textiles
     9.7.6. Others
  9.8. Basis Point Share (BPS) Analysis by Applications
  9.9. Y-o-Y Growth Projections by Applications
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Recycled Plastics Demand Share Forecast, 2019-2026
10. Europe Recycled Plastics Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Recycled Plastics Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Recycled Plastics Market Size and Volume Forecast by Types
     10.4.1. Polyethylene Terephthalate (PET)
     10.4.2. Polyethylene (PE)
     10.4.3. Polypropylene (PP)
     10.4.4. Polystyrene (PS)
     10.4.5. Polyvinyl Chloride (PVC)
     10.4.6. Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Europe Recycled Plastics Market Size and Volume Forecast by Applications
     10.7.1. Construction
     10.7.2. Packaging
     10.7.3. Automotive
     10.7.4. Electrical & Electronics
     10.7.5. Textiles
     10.7.6. Others
  10.8. Basis Point Share (BPS) Analysis by Applications
  10.9. Y-o-Y Growth Projections by Applications
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Recycled Plastics Demand Share Forecast, 2019-2026
11. Asia Pacific Recycled Plastics Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Recycled Plastics Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Recycled Plastics Market Size and Volume Forecast by Types
     11.4.1. Polyethylene Terephthalate (PET)
     11.4.2. Polyethylene (PE)
     11.4.3. Polypropylene (PP)
     11.4.4. Polystyrene (PS)
     11.4.5. Polyvinyl Chloride (PVC)
     11.4.6. Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Asia Pacific Recycled Plastics Market Size and Volume Forecast by Applications
     11.7.1. Construction
     11.7.2. Packaging
     11.7.3. Automotive
     11.7.4. Electrical & Electronics
     11.7.5. Textiles
     11.7.6. Others
  11.8. Basis Point Share (BPS) Analysis by Applications
  11.9. Y-o-Y Growth Projections by Applications
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Recycled Plastics Demand Share Forecast, 2019-2026
12. Middle East & Africa Recycled Plastics Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Recycled Plastics Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Recycled Plastics Market Size and Volume Forecast by Types
     12.4.1. Polyethylene Terephthalate (PET)
     12.4.2. Polyethylene (PE)
     12.4.3. Polypropylene (PP)
     12.4.4. Polystyrene (PS)
     12.4.5. Polyvinyl Chloride (PVC)
     12.4.6. Others
  12.5. Basis Point Share (BPS) Analysis by Types
  12.6. Y-o-Y Growth Projections by Types
  12.7. Middle East & Africa Recycled Plastics Market Size and Volume Forecast by Applications
     12.7.1. Construction
     12.7.2. Packaging
     12.7.3. Automotive
     12.7.4. Electrical & Electronics
     12.7.5. Textiles
     12.7.6. Others
  12.8. Basis Point Share (BPS) Analysis by Applications
  12.9. Y-o-Y Growth Projections by Applications
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Recycled Plastics Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Recycled Plastics Market: Market Share Analysis
  13.2. Recycled Plastics Distributors and Customers
  13.3. Recycled Plastics Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. PLASgran, Ltd.
     13.4.2. Veolia Environment S.A.
     13.4.3. Suez S.A.
     13.4.4. B&B Plastics Recycling, Inc.
     13.4.5. KW Plastics; Viridor, Ltd.
     13.4.6. Custom Polymers, Inc.
     13.4.7. Jayplas
     13.4.8. CarbonLite Industries, LLC
     13.4.9. Kuusakoski Group Oy
     13.4.10. Waste Connections

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