openPR Logo
Press release

Post-Consumer Recycled Plastics Market worth $92.6 billion by 2028 | Key players Veolia Environnement SA (France), Suez SA (France), Waste Management, Inc. (US), Biffa plc (UK).

04-22-2024 03:05 PM CET | Chemicals & Materials

Press release from: MarketsandMarkets

Post-Consumer Recycled Plastics Market, Post-Consumer Recycled Plastics, Recycled Plastics Market, Plastic Recycling, Plastics

Post-Consumer Recycled Plastics Market, Post-Consumer Recycled Plastics, Recycled Plastics Market, Plastic Recycling, Plastics

According to recent market research the "Post-Consumer Recycled Plastics Market by Source (Bottles, Non-bottle Rigid), Polymer Type, Processing Type (Mechanical, Chemical, Biological), End-use (Packaging, Building & Construction, Automotive, Electronics), and Region - Global Forecast to 2028", is projected to grow from USD 62.1 billion in 2023 to USD 92.6 billion by 2028, at a CAGR of 8.3% from 2023 to 2028. The demand for post-consumer recycled plastics is propelled by multiple factors: heightened environmental awareness and the pursuit of reduced plastic waste, reinforced by stringent regulations for plastic pollution reduction; corporations' sustainability objectives leading to increased recycled content incorporation; growing consumer preference for eco-friendly goods, prompting manufacturers to integrate recycled plastics; and advancements in recycling technologies enhancing the quality and accessibility of recycled plastics, rendering them more appealing to various industries.

Browse 390 market data Tables and 54 Figures spread through 330 Pages and in-depth TOC on "Post-Consumer Recycled Plastics Market - Global Forecast to 2028"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/post-consumer-recycled-plastic-market-222347130.html

Bottles stand as a primary source of recycled plastics due to their widespread consumption, prominent presence in plastic waste streams, and suitability for recovery. The extensive use of bottled beverages and household products results in a substantial accumulation of discarded plastic bottles, rendering them easily accessible for recycling. Furthermore, bottles' standardized forms and compositions simplify recycling procedures, allowing for efficient collection, sorting, and reprocessing into post-consumer recycled plastics, thus contributing significantly to environmental sustainability and resource conservation.

HDPE (High-Density Polyethylene) is a highly recycled polymer type due to its favorable attributes for recycling, widespread applications, and robust recycling infrastructure. HDPE's resilient nature enables efficient mechanical recycling processes involving sorting, cleaning, and reprocessing into new products with minimal quality degradation. Its versatility in packaging, containers, and various products generates a significant supply of post-consumer HDPE waste, and its strong demand makes recycling economically viable.

Chemical processing is favored in the post-consumer recycled plastics market for its ability to transform challenging and contaminated plastic waste into usable materials. Unlike mechanical recycling, chemical processes like depolymerization or pyrolysis can break down complex plastics, including mixed or contaminated streams, into their molecular components. This enables the production of high-quality recycled plastics, suitable for various applications, without the limitations posed by sorting and compatibility issues.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=222347130

Recycled plastics find their predominant application in packaging due to the packaging industry's pivotal role in addressing sustainability challenges. The packaging sector's high demand for materials aligns with the increasing emphasis on reducing plastic waste and enhancing environmental responsibility. By incorporating recycled plastics, packaging manufacturers can meet consumer expectations for eco-friendly products and contribute to circular economy initiatives. The versatility of recycled plastics allows them to replace virgin plastics in various packaging forms such as bottles, containers, and films, offering a viable solution to reduce the environmental impact of packaging waste while fostering a more sustainable industry landscape.

The Asia-Pacific region emerges as the largest market for post-consumer recycled plastics due to its rapid urbanization and vast population. The region's substantial urban growth leads to increased plastic consumption, resulting in significant plastic waste generation. As urban centers expand, so does the need for sustainable waste management solutions, making post-consumer recycled plastics essential for addressing environmental concerns. Additionally, the sizable population drives demand for consumer goods and packaging, making recycled plastics an attractive choice to meet eco-conscious consumer preferences and regulatory requirements. These factors combined to position the Asia-Pacific market as a key player in the adoption and integration of post-consumer recycled plastics to create more environmentally responsible and resource-efficient societies.

The leading players in the post-consumer recycled plastics market are Veolia Environment SA (France), Suez SA (France), Waste Management, Inc. (US), Republic Services, Inc. (US), Waste Connections, Inc. (Canada), Biffa plc (UK), Clean Harbors, Inc. (US), Stericycle, Inc. (US), and Remondis SE & Co. KG (Germany).

Request Sample Pages @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=222347130

Veolia Environment SA provides waste management services. It operates through the following business segments: Water, Waste, and Energy Services. The Waste Services segment collects, processes, and disposes of household, trade, and industrial waste. Veolia is a global leader in plastics recycling, with 37 plants worldwide. The company produced about 476,000 metric tons of circular polymers in 2021 and has increased its global recycling capacity fivefold since 2016. It aims to reach 610,000 metric tons of recycled resins by 2023.

Republic Services, Inc. is a prominent waste management company in the United States. Offering comprehensive waste collection, recycling, and disposal solutions for residential, commercial, and industrial clients, Republic Services focuses on environmental sustainability through innovative recycling programs, landfill management, and renewable energy initiatives. The company has five service lines: Collection Services, Transfer Services, Landfill Services, Environmental Solutions, and Others. Environmental solutions include recycling hazardous and non-hazardous waste, a commitment to responsible waste handling, community engagement, and technological advancements. Republic Services plays a vital role in promoting efficient waste management practices across the country.

Make an Enquiry @ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=222347130

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Press Release: https://www.marketsandmarkets.com/PressReleases/post-consumer-recycled-plastic.asp
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/post-consumer-recycled-plastic-market.asp

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Post-Consumer Recycled Plastics Market worth $92.6 billion by 2028 | Key players Veolia Environnement SA (France), Suez SA (France), Waste Management, Inc. (US), Biffa plc (UK). here

News-ID: 3471692 • Views:

More Releases from MarketsandMarkets

Remote Patient Monitoring Market Vital Role in Healthcare Evolution
Remote Patient Monitoring Market Vital Role in Healthcare Evolution
The global Remote Patient Monitoring (RPM) market is poised for robust growth as healthcare technology continues to advance, enabling more efficient and patient-centered care. RPM solutions, which allow for the remote monitoring of patients' health and vital signs, have gained significant traction in recent years, driven by the growing need for continuous health monitoring and the widespread adoption of digital health technologies. Download an Illustrative overview: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=77155492&utm_source=Openpr&utm_campaign=Paid&utm_content=Referral The global remote patient monitoring
Surface Disinfectant Market worth $4.2 billion by 2028
Surface Disinfectant Market worth $4.2 billion by 2028
Surface Disinfectant Market in terms of revenue was estimated to be worth $2.6 billion in 2023 and is poised to reach $4.2 billion by 2028, growing at a CAGR of 9.4% from 2023 to 2028 according to a new report by MarketsandMarkets. The players operating the surface disinfectant market are enjoying favorable opportunities due to increased demand for infection control measures aimed at reducing hospital acquired infections, an increase in
With 32.6% CAGR, Silicon Carbide Market Growth to Surpass USD 17.2 billion
With 32.6% CAGR, Silicon Carbide Market Growth to Surpass USD 17.2 billion
The silicon carbide market is estimated to be worth USD 4.2 billion in 2024 and is projected to reach USD 17.2 billion by 2029, growing at a CAGR of 32.6% during the forecast period. The increasing adoption of SiC in electric vehicles is expected to drive the market growth of silicon carbide. Furthermore, the surge in adoption of SiC devices in telecommunication applications is anticipated to provide growth opportunities for

More Releases for Plastic

Agriculture Film Market SWOT Analysis of Leading Key Players Shandong Tianhe Pla …
HTF MI recently introduced Global Agriculture Film Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are British Polythene Industries (BPI), Trioplast, Berry Plastics, Armando Alvarez, Polypak, Barbier
Building Materials Market 218 : Hepworth, National Plastic Industry, Hira Indust …
Building materials in this report covered the PVC pipes and fittings, PPR pipes and fittings, PE pipes and fittings, fabrication, ducts systems for infrastructure, valves and pumps and electrical conduits PVC systems. At present, Hepworth, National Plastic Industry, Hira Industries, Florance Plastic Industries, Polyfab Plastic Industry, MPI, Union Pipes Industry, ANABEEB, Borouge and ACO Group are the UAE leading suppliers of the building materials, and top ten of them shared about
Yazheng Plastic Netting combined type plastic netting machine
Yazheng Plastic Netting developed combined type plastic netting machine.The combined type plastic netting machine can produce plastic deer fencing, anti bird netting, erosion control netting and plastic filtration netting. The combined type plastic netting machine is 30m long, it is be composed of polypropylene grinding miller, extruding machine, high temperature machine, stretch machine, rolled machine and cut machine. The horizontal thread and vertical thread of nettings that produced by
Global Plastic Pails (Plastic Bucket) Market 2018 Key Players: Jokey Group, BERR …
Qyresearchreports include new market research report "Global Plastic Pails (Plastic Bucket) Sales Market Report 2018" to its huge collection of research reports. In this report, the global Plastic Pails (Plastic Bucket) market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025. Several regional and global trends account for the attractive
Plastic Closure Market – Analysis of Plastic Closure Test Growth, Plastic Clos …
The latest market intelligence study on Plastic Closure market relies on statistics derived from the application of both primary and secondary research to present insights pertaining to the operational model, opportunities and competitive landscape of Plastic Closure market for the forecast period, 2017 - 2022. Get Access to Sample Pages@ https://www.marketexpertz.com/sample-enquiry-form/142 Importantly, the research taps critical data about the niche segments, market share, size, and growth rate to offer business
Recycled Plastic & Plastic Waste to Oil Market Analysis : TMR
There is a growing need for recycling the plastic and plastic waste. Various major companies are now concentrating on developing new waste-conversion technologies. Some of the major corporates in the global recycled plastic and plastic waste to oil market are Agilyx Inc., Cynar Plc, Vadxx Energy LLC, Nexus Fuels LLC, Clean Blue Technologies Inc., JBI Inc., RES Polyflow, PK Clean, Plastic Advanced Recycling Corporation (PARC), and MK Aromatics Ltd. These