Global Post-Consumer Recycled Plastics Market Insights Forecasts to 2033.

• The Global Post-Consumer Recycled Plastics Market Size was Valued at USD 15.15 Billion in 2023.
• The Market Size is Growing at a CAGR of 6.32% from 2023 to 2033.
• The Worldwide Post-Consumer Recycled Plastics Market Size is Expected to Reach USD 27.96 Billion by 2033.
• Europe is expected to Grow the fastest during the forecast period.

The Global Post-Consumer Recycled Plastics Market Size is Anticipated to Exceed USD 27.96 Billion by 2033, Growing at a CAGR of 6.32% from 2023 to 2033.

Market Overview

PCR plastics are another name for plastics manufactured from recycled post-consumer materials. These polymers are reprocessed to produce a new product. They come from a finished product, like a water bottle, that would otherwise be thrown away as solid trash after serving its function as a consumer good. Post-consumer plastics also comprise plastics that have been gathered by business and residential recycling programs. These polymers are collected from the plastic molding facility and are utilized repeatedly during the molding process. The market for post-consumer recycled plastics has shown a rising tendency in terms of collection, domestic recycling, plastic recovery, export of plastic waste, and legislative requirements. The need for strategies and services related to the management of plastic trash has increased as a result of these initiatives. The public sector (such as municipalities) and the commercial sector are now involved in plastic waste management due to the stringent rules governing trash management and disposal as well as growing awareness of the negative effects of accumulated plastic garbage. Because more people are buying electronics, cosmetics, personal care items, and personal protective equipment like face masks and gloves online, there is a greater need for a variety of packaging solutions. The need for post-consumer recycled plastics in packaging applications is therefore being driven by this factor.

Report Coverage

This research report categorizes the market for the global post-consumer recycled plastics market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global post-consumer recycled plastics market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global post-consumer recycled plastics market.

Driving factor

The favorable effects on the environment have led to a booming industry for post-consumer recycled plastic packaging materials. Customers and companies alike are looking for more environmentally friendly options to replace conventional packaging as awareness of environmental sustainability and minimizing plastic waste rises. By keeping plastic trash out of landfills and the ocean, recycling packaging materials made of post-consumer plastics helps to preserve natural resources and lessen the need for new plastic manufacturing. Industries may help cut down on greenhouse gas emissions, energy use, and dependency on fossil fuels by using recycled packaging instead. Furthermore, recycled packaging also supports the circular economy, which minimizes environmental impact and fights climate change by repurposing, recycling, and reusing resources. Customers are drawn to this beneficial environmental impact, which fuels the expansion of the post-consumer recycled plastics market as businesses work to meet sustainability goals and meet the pressing need for eco-friendly packaging options.

Restraining Factors

One of the main things hampering the growth of the global plastic recycling market is the intense rivalry from virgin plastics and the general lack of knowledge about recycled products.

Market Segmentation

The Global Post-Consumer Recycled Plastics Market share is classified into source, type, and end-user.

• The bottles segment is expected to hold the largest share of the global post-consumer recycled plastics market during the forecast period.   

Based on the source, the global post-consumer recycled plastics market is divided into bottles, non-bottle rigid, and others. Among these, the bottles segment is expected to hold the largest share of the global post-consumer recycled plastics market during the forecast period. The majority of post-consumer recycled items come from plastic bottles. Plastic bottles are utilized in a wide range of sectors for the packaging of fizzy beverages, lubricants, water, and medications. Some of the leading producers of post-consumer recycled plastic bottles include Maynard & Harris Plastics and CABKA Group & Packaging, Inc.

• The polyethylene segment is expected to hold the largest share of the global precision forestry market during the estimated timeframe.   

Based on the type, the global post-consumer recycled plastics market is divided into polypropylene, polystyrene, polyethylene & others. Among these, the polyethylene segment is expected to hold the largest share of the global precision forestry market during the estimated timeframe. This is due to its exceptional resistance to a variety of substances, including alcohols, dilute acids, solvents, and alkalis. Mostly employed in the packaging, electrical and electronics, and automotive sectors, polyethylene is also used to make films, tubes, laminates, and plastic components. Because of its superior chemical and mechanical qualities, polypropylene is widely utilized in the production of medical devices, laboratory equipment, automotive components, and packaging and labeling.  

• The packaging segment is expected to hold the largest share of the global precision forestry market during the estimated timeframe.   

Based on the end user, the global post-consumer recycled plastics market is divided into packaging, construction & others. Among these, the packaging segment is expected to hold the largest share of the global precision forestry market during the estimated timeframe. Use for packaging is anticipated to grow dramatically, especially in Asia Pacific and Africa's emerging countries. In the automobile industry, polystyrene is frequently used for sun visors, bumper cores, roof liners, vehicle seats, and sound deadening beneath the hood.  

Regional Segment Analysis of the Global Post-Consumer Recycled Plastics Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific is anticipated to hold the largest share of the global post-consumer recycled plastics market over the predicted timeframe.

Asia Pacific is anticipated to hold the largest share of the global post-consumer recycled plastics market over the predicted timeframe. The demand for non-residential building projects, such as hospitals, schools, and colleges, is predicted to increase during the projection period, leading to significant expansion in the Asia Pacific construction sector in the years to come. This will thus fuel the need for personal protective equipment products, including belts, helmets, safety vests, and other items, and accelerate the expansion of the business.

Europe is expected to grow the fastest during the forecast period. The market is driven by the region's increased post-consumer plastic recycling due to the adoption of circular economy methods, which lower the carbon footprint associated with plastic manufacture. The European nations' production growth has been slow due to landfill regulations, mostly because of the rising post-consumer plastic recycling business. Sometimes the cost of dumping becomes higher than the cost of recycling plastic because landfill levies are so high in several European nations. The people of Europe are being encouraged to participate in the collection and recycling of post-consumer plastics by means of this scenario.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global post-consumer recycled plastics along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Veolia
• Biffa
• Plastipak Holdings, Inc.
• MBA Polymers Inc.
• UltrePET LLC
• CarbonLite Industries LLC
• Clear Path Recycling
• Envision Plastics Industries LLC
• Advanced Environmental Recycling Technologies, Inc. (AERT)
• Custom Polymers, Inc.
• Phoenix Technologies International LLC
• Avangard Innovative
• The Coca-Cola Company
• DS Smith
• KW Plastics
• Suez
• Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In October 2022, Veolia unveiled its new PlastiLoop offering at this year's K 2022, the world's largest trade fair for plastics and rubber, held in Düsseldorf, Germany.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Global Post-Consumer Recycled Plastics Market based on the below-mentioned segments: 

Global Post-Consumer Recycled Plastics Market, By Source

• Bottles
• Non-Bottle Rigid
• Others

Global Post-Consumer Recycled Plastics Market, By Type

• Polypropylene
• Polystyrene
• Polyethylene
• Others

Global Post-Consumer Recycled Plastics Market, By End User

• Packaging
• Construction
• Others

Global Post-Consumer Recycled Plastics Market, By Region

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa