Global Post-Consumer Recycled Plastics Market is valued approximately USD 7.3 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 6% over the forecast period 2019-2026. Post-consumer recycled plastic is used, recycled and repurposed type of plastic that are obtained from plastic products (such as clear water bottle). It is the combination of plastic packaging materials in the recycling services. There are numerous environmental benefits of using recycled materials such as it minimizes global warming, reduces pollution, offer protection to the environment, and they are definitely opted by the corporates who need to change a viable design policy. Increasing urban population, reduced environmental impact through plastic recycling, growing awareness programs regarding sustainable waste management practices and increased demand for recycled plastic from the packaging industry are few factors responsible for high CAGR of the market over the forecast period. For instance, according to the United Nations Department of Economic and Social Affairs in 2018, it is estimated that 55% of the total world’s population lives in urban area and it expected to rise to 68% by 2050. Moreover, increasing R&D investments and growing public & private sector partnerships for the management of plastic waste are the features that create lucrative growth opportunity for the market growth in near future. However, low contribution in the management of plastic waste by the residential sector, less treatment plants and the lack of knowledge for the recycling of plastic waste are the few factor limiting the growth of the market around the world.
The regional analysis of global Post-Consumer Recycled Plastics Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world due to the technological advancements in the waste management industry, and laws governing the plastic waste collection, disposal, and recycling across the region. Whereas, Asia Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as the changing lifestyle, increasing awareness about the benefits of using recycled plastics among people and high disposable income which would create lucrative growth prospects for the Post-Consumer Recycled Plastics Market across Asia Pacific region.
Major market player included in this report are:
Waste Management Inc.
Waste Connections, Inc.
Remondis SE & Co. Kg
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Collection & Transportation
By Polymer Type:
Polyethylene Terephthalate (PET)
High-Density Polyethylene (HDPE)
Low-Density Polyethylene (LDPE)
By Processing Type:
By End-Use Application:
Building & Construction
Recycled Plastics in other End-User Applications
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global Post-Consumer Recycled Plastics Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers