Product Code: A05206
The global recycled plastics market is anticipated to reach $141.9 billion by 2032, growing from $66.7 billion in 2022 at a CAGR of 7.9% from 2023 to 2032.
Recycled plastics refer to plastics that have undergone a process of recycling, which involves converting used or discarded plastic materials into new products. Plastics are widely used in various industries and everyday products, but their persistence in the environment and potential harm to ecosystems have raised concerns about their disposal.
The extended producer responsibility (EPR) schemes make producers responsible for the end-of-life management of their products including the proper disposal and recycling. This incentivizes producers to design products that are more easily recyclable and to use recycled materials in their production. There is a direct connection between EPR policies and the demand for recycled plastics. Moreover, government-imposed bans on single-use plastics or specific types of plastic products can drive the demand for recycled plastics. When certain plastic items are banned, businesses and consumers look for alternatives which often include products made from recycled plastics. This creates a market demand for recycled plastic materials and encourages manufacturers to incorporate them into their production processes. Governments that promote the transition to a circular economy focus on reducing waste and maximizing the value of materials throughout their lifecycle. This often involves policies that encourage recycling, resource efficiency, and the use of recycled materials. Such initiatives create a favorable environment for the recycled plastics market to thrive. Regulations related to waste management, including collection, sorting, and recycling infrastructure, can significantly influence the recycled plastics market. Adequate waste management infrastructure is essential for the effective processing and utilization of recycled plastics.
The hurdles posed by limited infrastructure are indeed significant challenges for the growth of the recycled plastics market. Effective recycling starts with proper collection and sorting of plastic waste. Without adequate infrastructure for collection, it becomes difficult to gather plastic waste from various sources, such as households, industries, and commercial establishments. Similarly, sorting facilities are necessary to separate different types of plastics based on their resin types, colors, and other characteristics. Without proper sorting, the quality of recycled plastic output can be compromised. Moreover, transportation is a crucial aspect of recycling. Plastic waste needs to be transported from collection points to recycling facilities. In regions with limited infrastructure, poor transportation networks can lead to increased costs and delays. Additionally, long transportation distances can negate some of the environmental benefits of recycling due to increased carbon emissions from transport.
Recycled plastics offer opportunities for developing innovative products with unique properties. Recycled plastics can be tailored to have specific properties such as enhanced strength, flexibility, heat resistance, or UV stability. This allows for the creation of products that perform better than traditional virgin plastic counterparts in particular applications. For instance, recycled plastics with improved UV resistance could be used for outdoor products that need to withstand prolonged sun exposure. Furthermore, innovative products made from recycled plastics contribute to sustainability by reducing the demand for virgin plastics, which require more energy and resources to produce. This aligns with growing consumer and regulatory preferences for environmentally friendly products. Utilizing recycled plastics promotes a circular economy model where materials are reused and reprocessed, reducing the amount of plastic waste in landfills and oceans. This can lead to improved resource efficiency and decreased environmental impact. Consumers are increasingly seeking products that have a lower environmental footprint. Innovative products made from recycled plastics can tap into this market demand, potentially leading to higher consumer interest and loyalty.
The COVID-19 pandemic has had significant impacts on the market for recycled plastics. The global lockdowns and restrictions imposed to curb the spread of COVID-19 initially disrupted supply chains across industries, including the recycled plastics market. This was due to disruptions in transportation, reduced workforce availability, and the closure of recycling facilities. Many industries that are key consumers of recycled plastics, such as automotive and construction, faced significant slowdowns in production, leading to reduced demand for recycled plastics. The uncertainty caused by the pandemic led to price volatility in the recycled plastics market. Fluctuations in oil prices also impacted the cost competitiveness of recycled plastics relative to virgin plastics. Moreover, the pandemic led to an increased demand for single-use plastics such as packaging for medical supplies and personal protective equipment (PPE). This raised concerns about the potential setback to efforts to reduce plastic waste and promote recycling. The shift to remote work and online shopping influenced waste generation patterns. Increased e-commerce activity led to more packaging waste, raising the importance of sustainable packaging solutions, including those made from recycled plastics.
The key players profiled in this report include KW Plastics, Veolia, Green Line Polymers, Custom Polymers, Clear Path Recycling, B. Schoenberg & Co., Jayplas, Plastipak Holdings, Ultra Poly Corporation, and Joes Plastics Inc. The market players are continuously striving to achieve a dominant position in this competitive market using strategies such as collaborations and acquisitions.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the recycled plastic market analysis from 2022 to 2032 to identify the prevailing recycled plastic market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the recycled plastic market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global recycled plastic market trends, key players, market segments, application areas, and market growth strategies.
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- Investment Opportunities
- Supply Chain Analysis & Vendor Margins
- Technology Trend Analysis
- Market share analysis of players by products/segments
- New Product Development/ Product Matrix of Key Players
- Regulatory Guidelines
- Additional company profiles with specific to client's interest
- Additional country or region analysis- market size and forecast
- Criss-cross segment analysis- market size and forecast
- Expanded list for Company Profiles
- Historic market data
- Key player details (including location, contact details, supplier/vendor network etc. in excel format)
- List of customers/consumers/raw material suppliers- value chain analysis
- SWOT Analysis
Key Market Segments
By Type
- Polyethylene Terephthalate (PET)
- High Density Polyethylene (HDPE)
- Polypropylene (PP)
- Others
By End-use Industry
- Agriculture, Farming and Gardening
- Building and Construction
- Packaging
- Automotive
- Electrical and Electronics
- Others
By Region
- North America
- Europe
- Netherlands
- Norway
- Spain
- Germany
- Denmark
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- United Arab Emirates
- South Africa
- Rest of LAMEA
Key Market Players:
- KW Plastics
- Veolia
- Green Line Polymers
- Clear Path Recycling
- Custom Polymers
- Jayplas
- Ultra Poly Corporation
- Plastipak holdings
- B. Schoenberg & Co.
- Joes Plastics Inc.
TABLE OF CONTENTS
CHAPTER 1: INTRODUCTION
- 1.1. Report description
- 1.2. Key market segments
- 1.3. Key benefits to the stakeholders
- 1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
- 3.1. Market definition and scope
- 3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
- 3.3. Porter's five forces analysis
- 3.4. Market dynamics
- 3.4.1. Drivers
- 3.4.2. Restraints
- 3.4.3. Opportunities
- 3.5. Average Selling Price
- 3.6. Market Share Analysis
- 3.7. Brand Share Analysis
- 3.8. Trade Data Analysis
- 3.9. Product Consumption
- 3.10. Value Chain Analysis
- 3.11. Regulatory Guidelines
- 3.12. Key Regulation Analysis
- 3.13. Reimbursement Scenario
- 3.14. Patent Landscape
CHAPTER 4: RECYCLED PLASTIC MARKET, BY TYPE
- 4.1. Overview
- 4.1.1. Market size and forecast
- 4.2. Polyethylene Terephthalate (PET)
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
- 4.3. High Density Polyethylene (HDPE)
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
- 4.4. Polypropylene (PP)
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country
- 4.5. Others
- 4.5.1. Key market trends, growth factors and opportunities
- 4.5.2. Market size and forecast, by region
- 4.5.3. Market share analysis by country
CHAPTER 5: RECYCLED PLASTIC MARKET, BY END-USE INDUSTRY
- 5.1. Overview
- 5.1.1. Market size and forecast
- 5.2. Agriculture, Farming and Gardening
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
- 5.3. Building and Construction
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country
- 5.4. Packaging
- 5.4.1. Key market trends, growth factors and opportunities
- 5.4.2. Market size and forecast, by region
- 5.4.3. Market share analysis by country
- 5.5. Automotive
- 5.5.1. Key market trends, growth factors and opportunities
- 5.5.2. Market size and forecast, by region
- 5.5.3. Market share analysis by country
- 5.6. Electrical and Electronics
- 5.6.1. Key market trends, growth factors and opportunities
- 5.6.2. Market size and forecast, by region
- 5.6.3. Market share analysis by country
- 5.7. Others
- 5.7.1. Key market trends, growth factors and opportunities
- 5.7.2. Market size and forecast, by region
- 5.7.3. Market share analysis by country
CHAPTER 6: RECYCLED PLASTIC MARKET, BY REGION
- 6.1. Overview
- 6.1.1. Market size and forecast By Region
- 6.2. North America
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by Type
- 6.2.3. Market size and forecast, by End-use Industry
- 6.2.4. Market size and forecast, by country
- 6.2.4.1. U.S.
- 6.2.4.1.1. Market size and forecast, by Type
- 6.2.4.1.2. Market size and forecast, by End-use Industry
- 6.2.4.2. Canada
- 6.2.4.2.1. Market size and forecast, by Type
- 6.2.4.2.2. Market size and forecast, by End-use Industry
- 6.2.4.3. Mexico
- 6.2.4.3.1. Market size and forecast, by Type
- 6.2.4.3.2. Market size and forecast, by End-use Industry
- 6.3. Europe
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by Type
- 6.3.3. Market size and forecast, by End-use Industry
- 6.3.4. Market size and forecast, by country
- 6.3.4.1. Netherlands
- 6.3.4.1.1. Market size and forecast, by Type
- 6.3.4.1.2. Market size and forecast, by End-use Industry
- 6.3.4.2. Norway
- 6.3.4.2.1. Market size and forecast, by Type
- 6.3.4.2.2. Market size and forecast, by End-use Industry
- 6.3.4.3. Spain
- 6.3.4.3.1. Market size and forecast, by Type
- 6.3.4.3.2. Market size and forecast, by End-use Industry
- 6.3.4.4. Germany
- 6.3.4.4.1. Market size and forecast, by Type
- 6.3.4.4.2. Market size and forecast, by End-use Industry
- 6.3.4.5. Denmark
- 6.3.4.5.1. Market size and forecast, by Type
- 6.3.4.5.2. Market size and forecast, by End-use Industry
- 6.3.4.6. Rest of Europe
- 6.3.4.6.1. Market size and forecast, by Type
- 6.3.4.6.2. Market size and forecast, by End-use Industry
- 6.4. Asia-Pacific
- 6.4.1. Key market trends, growth factors and opportunities
- 6.4.2. Market size and forecast, by Type
- 6.4.3. Market size and forecast, by End-use Industry
- 6.4.4. Market size and forecast, by country
- 6.4.4.1. China
- 6.4.4.1.1. Market size and forecast, by Type
- 6.4.4.1.2. Market size and forecast, by End-use Industry
- 6.4.4.2. Japan
- 6.4.4.2.1. Market size and forecast, by Type
- 6.4.4.2.2. Market size and forecast, by End-use Industry
- 6.4.4.3. India
- 6.4.4.3.1. Market size and forecast, by Type
- 6.4.4.3.2. Market size and forecast, by End-use Industry
- 6.4.4.4. South Korea
- 6.4.4.4.1. Market size and forecast, by Type
- 6.4.4.4.2. Market size and forecast, by End-use Industry
- 6.4.4.5. Australia
- 6.4.4.5.1. Market size and forecast, by Type
- 6.4.4.5.2. Market size and forecast, by End-use Industry
- 6.4.4.6. Rest of Asia-Pacific
- 6.4.4.6.1. Market size and forecast, by Type
- 6.4.4.6.2. Market size and forecast, by End-use Industry
- 6.5. LAMEA
- 6.5.1. Key market trends, growth factors and opportunities
- 6.5.2. Market size and forecast, by Type
- 6.5.3. Market size and forecast, by End-use Industry
- 6.5.4. Market size and forecast, by country
- 6.5.4.1. Brazil
- 6.5.4.1.1. Market size and forecast, by Type
- 6.5.4.1.2. Market size and forecast, by End-use Industry
- 6.5.4.2. Argentina
- 6.5.4.2.1. Market size and forecast, by Type
- 6.5.4.2.2. Market size and forecast, by End-use Industry
- 6.5.4.3. United Arab Emirates
- 6.5.4.3.1. Market size and forecast, by Type
- 6.5.4.3.2. Market size and forecast, by End-use Industry
- 6.5.4.4. South Africa
- 6.5.4.4.1. Market size and forecast, by Type
- 6.5.4.4.2. Market size and forecast, by End-use Industry
- 6.5.4.5. Rest of LAMEA
- 6.5.4.5.1. Market size and forecast, by Type
- 6.5.4.5.2. Market size and forecast, by End-use Industry
CHAPTER 7: COMPETITIVE LANDSCAPE
- 7.1. Introduction
- 7.2. Top winning strategies
- 7.3. Product Mapping of Top 10 Player
- 7.4. Competitive Dashboard
- 7.5. Competitive Heatmap
- 7.6. Top player positioning, 2022
CHAPTER 8: COMPANY PROFILES
- 8.1. KW Plastics
- 8.1.1. Company overview
- 8.1.2. Key Executives
- 8.1.3. Company snapshot
- 8.2. Veolia
- 8.2.1. Company overview
- 8.2.2. Key Executives
- 8.2.3. Company snapshot
- 8.3. Green Line Polymers
- 8.3.1. Company overview
- 8.3.2. Key Executives
- 8.3.3. Company snapshot
- 8.4. Clear Path Recycling
- 8.4.1. Company overview
- 8.4.2. Key Executives
- 8.4.3. Company snapshot
- 8.5. Custom Polymers
- 8.5.1. Company overview
- 8.5.2. Key Executives
- 8.5.3. Company snapshot
- 8.6. Jayplas
- 8.6.1. Company overview
- 8.6.2. Key Executives
- 8.6.3. Company snapshot
- 8.7. Ultra Poly Corporation
- 8.7.1. Company overview
- 8.7.2. Key Executives
- 8.7.3. Company snapshot
- 8.8. Plastipak holdings
- 8.8.1. Company overview
- 8.8.2. Key Executives
- 8.8.3. Company snapshot
- 8.9. B. Schoenberg & Co.
- 8.9.1. Company overview
- 8.9.2. Key Executives
- 8.9.3. Company snapshot
- 8.10. Joes Plastics Inc.
- 8.10.1. Company overview
- 8.10.2. Key Executives
- 8.10.3. Company snapshot