18-Jun-2020 | Facts and Factors
Findings from Facts and Factors report “Post Consumer Recycled Plastics Market – By Material Type (Polyurethane (PUR), Polypropylene (PP), Low-density Polyethylene (LDPE), Polystyrene (PS), Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), High-density Polyethylene (HDPE), and Other), By Service (Recycling, Landfills, Incineration, and Collection & transportation), By End-Users (Building & construction, Packaging, Furniture, Automotive), and By Process Type (Chemical Process, Mechanical Process, And Biological Process): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global Post consumer recycled plastics market in 2019 was approximately USD 7.7 billion. The market is expected to grow above a CAGR of 6% and is anticipated to reach over USD 10.2 billion by 2026.
Post-consumer recycled plastic is obtained from a product that was used by the consumer and has completed its life cycle and it will be disposed as a solid waste product. The post-consumer recycled plastic includes the plastic that is collected from residential and commercial recycling program such as bakery container, drink cups, serving bowls, supermarket containers, etc. In the plastic recycling process, the collected plastic is processed and again rebuilt into the usable product. Recycling helps to reduce energy consumption; it reduces water pollution and air pollution, and also reduces greenhouse gas emissions and consumption of fresh raw materials. It also helps the companies to eliminate their need of fossil fuel as a raw material and also helps to reduce carbon footprint.
Browse the full “Post Consumer Recycled Plastics Market – By Material Type (Polyurethane (PUR), Polypropylene (PP), Low-density Polyethylene (LDPE), Polystyrene (PS), Polyvinyl Chloride (PVC), Polyethylene Terephthalate (PET), High-density Polyethylene (HDPE), and Other), By Service (Recycling, Landfills, Incineration, and Collection & transportation), By End-Users (Building & construction, Packaging, Furniture, Automotive), and By Process Type (Chemical Process, Mechanical Process, And Biological Process): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" https://www.fnfresearch.com/global-post-consumer-recycled-plastics-market-by-material-1229
Growing requirements for recycled plastic in various industries is driving the market growth. Major players are focusing to innovating new technologies in the manufacturing of post consumer recycled plastic product. These products are crack resistant and light weight. These factors are propelling the market growth. Another factors that are driving the market growth are increasing awareness about green packaging practices, rise in the infrastructural development such as recycling plants and growing urbanization. The increasing demand for the packaging product which is made by using recycling plastic is expected to fuel the market growth. However, the shortage supply of post consumer recycled plastic may restraints the growth of the market. On the other hand, rising awareness about the health and environment and green packaging solutions can generate the ample opportunities in the market.
By material type segmentation, the Polyethylene terephthalate (PET) category is expected to contribute the largest market share in the global post consumer recycled plastics market owing to its ease of technology processing and it is recyclable.
On the basis of service segment, the recycling category led the market in 2019 and it is anticipated to grow in the future years attributed to rising recycling plant in infrastructural developments and increasing concern about the reduction of landfills.
By end-user segment, the packaging category held the largest market share in 2019, and it is projected to be the largest growing segment over the forecast period due increasing packaging application such as bottles, cups, containers and other packaging product.
By geography, in 2019, the North America dominated the market for the post consumer recycled plastics owing to increasing technological advancement in industries of waste management and strict regulations about the collection, disposal and recycling of plastic.
Top key players operating in the market are DS Smith, Waste Management, Inc., Republic Services, SUEZ, Veolia Environnement, Waste Connections Inc, Clean Harbors , Biffa, Stericycle, Remondis SE & Co. KG, and others.
This report segments the post consumer recycled plastics market as follows:
Global Post consumer recycled plastics Market: By Material Type Segmentation Analysis
- Polyurethane (PUR)
- Polypropylene (PP)
- Low-density polyethylene (LDPE)
- Polystyrene (PS)
- Polyvinyl chloride (PVC)
- Polyethylene terephthalate (PET)
- High-density polyethylene (HDPE)
Global Post consumer recycled plastics Market: By Service Segmentation Analysis
- Collection & transportation
Global Post consumer recycled plastics Market: By End-Users Segmentation Analysis
- Building & construction
Global Post consumer recycled plastics Market: By Process Segmentation Analysis
- Chemical process
- Mechanical process
- Biological process
Global Post consumer recycled plastics Market: Regional Segmentation Analysis
- North America
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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