[195 Pages Report] The Post-Consumer Recycled Plastics Market size was estimated at USD 65.97 billion in 2023 and expected to reach USD 70.93 billion in 2024, at a CAGR 7.98% to reach USD 112.99 billion by 2030.
Post-consumer recycled packaging refers to reprocessed material made from sources that consumers recycle on a daily basis, which includes items such as aluminum, cardboard, paper, and plastics. As major brands are increasing their efforts to propel sustainability, PCR packaging is gaining traction. These materials are widely used in the packaging of goods, including coffee, pharmaceuticals, pet products, baked goods, snacks, and sports nutrition. Flat pouches, rollstocks, and stand-up pouches are some common examples of products of PCR packaging. Growing consumer and manufacturer awareness about diverse recycling practices and the environmental significance of recycling has propelled the demand for sustainable PCR packaging materials. The burgeoning food and pharmaceutical industry has necessitated rampant production of plastics for efficient and eco-friendly packaging of products made by these industries. However, manufacturing and technical complications associated with the production of post-consumer recycled plastics and packaging design complexity pose significant issues for manufacturers. Additionally, stringent regulations regarding recovery, recycling, and thickness of recycled bags and packaging dissuade investments in the sector. Government initiatives to promote recycling activities can overcome concerns raised by regulatory challenges. Efforts by major manufacturers to invest in the utilization of AI for waste management and the development of recycled plastics have significantly expanded the scope of the industry and enhanced the efficiency of recycling processes.
Regional Insights
Countries in the Americas region, such as the USA and Brazil, are increasing investments and efforts to expand and improve recycling practices. Governmental initiatives and the presence of grants to support the recycling of plastics are observed in this region. The prevalence of well-established regulations and labeling standards and partnerships between major companies to propel eco-friendly and sustainability agendas is responsible for the large scope of the industry. Countries such as China and India are some of the largest consumers and producers of plastics, and the governments in these countries are implementing regulations to govern the recycling of plastics. Manufacturers of confectionery and pharmaceuticals are launching products packed in post-consumer recycled PET. The UK, Germany, Norway, and Switzerland have robust waste management systems that have allowed easy collection and recycling of plastics. The presence of consistent collection schemes has stimulated household recycling of common products such as bottles and utensils. Post-consumer and post-industrial waste generated in European nations is utilized by end-use industries such as the construction, packaging, agriculture, automotive, and electrical industries.
FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the Post-Consumer Recycled Plastics Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Post-Consumer Recycled Plastics Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Key Company Profiles
The report delves into recent significant developments in the Post-Consumer Recycled Plastics Market, highlighting leading vendors and their innovative profiles. These include Alpha Packaging, Amcor PLC, B. Schoenberg & Co., Inc, Berry Global Inc., Biffa, Clean Harbors Inc., Coveris, Delta Plastics, DS Smith PLC, Eco-Products Inc., Huhtam?ki Oy, KW Plastics, MBA Polymers Inc., Placon Corporation Inc., Republic Services, Inc., Reynolds Packaging, Sealed Air Corporation, Smurfit Kappa, Sonoco Products Company, Stericycle, Inc., Sustainable Resins, TerraCycle, Unilever PLC, Veolia Environment SA, and Waste Connections.
Market Segmentation & Coverage
This research report categorizes the Post-Consumer Recycled Plastics Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Plastic Type
- High-Density Polyethylene
- Low-Density Polyethylene
- Polyethylene Terephthalate
- Polypropylene
- Polystyrene
- Recycling Process
- Biological Recycling
- Chemical Recycling
- Mechanical Recycling
- Application
- Automotive
- Construction
- Consumer Goods
- Packaging
- Textiles
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Post-Consumer Recycled Plastics Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Post-Consumer Recycled Plastics Market?
- What are the technology trends and regulatory frameworks in the Post-Consumer Recycled Plastics Market?
- What is the market share of the leading vendors in the Post-Consumer Recycled Plastics Market?
- Which modes and strategic moves are suitable for entering the Post-Consumer Recycled Plastics Market?
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