Recycled Plastic Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024

Description

The recycled plastic market was USD 68.2 billion in 2023, and it will touch USD 122.7 billion, with more than 8.5% CAGR, by 2030.

The rising emphasis on reducing plastic waste volume is a major driver. The worldwide increase in commercialization and industrialization has boosted the usage of plastics, which has resulted in high waste production.

This high-volume production of waste and lack of appropriate disposal channels have added to the generation of high levels of marine and land pollution.

As per the International Union for Conservation of Nature estimates, approximately 14 million tons of plastics culminate in oceans annually.

Many stakeholders, such as manufacturers, governments, and consumers, are progressively shifting plastic consumption patterns, recycling waste polymers, fixing conventional production lines to decrease the volume of plastic waste, and developing goods that are simply processable post-use.

Biocontamination and waste are major problems, which have led local municipalities to establish parallel economies to control waste volumes.

Advanced plastics recycling, or chemical recycling, comprises various procedures for transforming post-consumer polymers back into their original building blocks, specialty polymers, feedstocks for new plastics, waxes, fuels, and various other beneficial products.

Such innovative technologies are considerably driving the industry for used plastics to assist in keeping more plastics out of the environment and in beneficial use.

Key Insights

APAC was the largest contributor to the industry. This is primarily because of the development of a substantial number of small-scale processing facilities in this region.

North America is likely to advance at an 8.5% compound annual growth rate in the years to come.

This will be credited to the improvement of domestic abilities to enhance plastic recycling quantities and the advancements in the plastics recycling supply chain through the incorporation of efficient and innovative procedures.

The packaging materials category is likely to advance at more than 9.3% compound annual growth rate in the years to come.

This is because of the relative ease with which pouches, bottles, films, and wraps can be recycled, the easy employment of mechanical methods for recycling packaging waste, and the high need for reprocessed products.

PE was the most recycled material in 2023, generating reprocessed material for implementation in downstream sectors as a replacement for virgin material. This category will further advance at a 9.4% CAGR in the years to come.

This is mainly because of the high manufacturing volume of virgin PE, a significant recycling rate for it, and a high waste disposal and generation level.

The food & beverage category was the largest contributor to the industry in 2023, with a share of approximately 45%.

The food & beverage sector utilizes various plastics, including HDPE, PET, PP, PS, and LDPE, for storage, packaging, preservation, ease of transportation, and improving the visual appeal of processed food & beverages, specifically perishable items.

The recycled plastic industry is very fragmented and categorized by the existence of extremely concentrated low-capacity companies across different regions.

These local vendors and regional companies have a low-volume plastic processing capability and have collection systems or purchase waste from industrial and residential waste producers.

Product Code: 11743

Chapter 1. Research Scope

1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by source
- 1.4.2. Market size breakdown, by type
- 1.4.3. Market size breakdown, by industry
- 1.4.4. Market size breakdown, by region
- 1.4.5. Market size breakdown, by country
1.5. Market Data Reporting Unit
- 1.5.1. Volume
- 1.5.2. Value
1.6. Key Stakeholders

Chapter 2. Research Methodology

2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Market Indicators

Chapter 5. Industry Outlook

5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
5.2. Impact of COVID-19
5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes

Chapter 6. Global Market

6.1. Overview
6.2. Market Volume, by Source (2017-2030)
6.3. Market Revenue, by Source (2017-2030)
6.4. Market Volume, by Type (2017-2030)
6.5. Market Revenue, by Type (2017-2030)
6.6. Market Volume, by Industry (2017-2030)
6.7. Market Revenue, by Industry (2017-2030)
6.8. Market Volume, by Region (2017-2030)
6.9. Market Revenue, by Region (2017-2030)

Chapter 7. North America Market

7.1. Overview
7.2. Market Volume, by Source (2017-2030)
7.3. Market Revenue, by Source (2017-2030)
7.4. Market Volume, by Type (2017-2030)
7.5. Market Revenue, by Type (2017-2030)
7.6. Market Volume, by Industry (2017-2030)
7.7. Market Revenue, by Industry (2017-2030)
7.8. Market Volume, by Country (2017-2030)
7.9. Market Revenue, by Country (2017-2030)

Chapter 8. Europe Market

8.1. Overview
8.2. Market Volume, by Source (2017-2030)
8.3. Market Revenue, by Source (2017-2030)
8.4. Market Volume, by Type (2017-2030)
8.5. Market Revenue, by Type (2017-2030)
8.6. Market Volume, by Industry (2017-2030)
8.7. Market Revenue, by Industry (2017-2030)
8.8. Market Volume, by Country (2017-2030)
8.9. Market Revenue, by Country (2017-2030)

Chapter 9. APAC Market

9.1. Overview
9.2. Market Volume, by Source (2017-2030)
9.3. Market Revenue, by Source (2017-2030)
9.4. Market Volume, by Type (2017-2030)
9.5. Market Revenue, by Type (2017-2030)
9.6. Market Volume, by Industry (2017-2030)
9.7. Market Revenue, by Industry (2017-2030)
9.8. Market Volume, by Country (2017-2030)
9.9. Market Revenue, by Country (2017-2030)

Chapter 10. LATAM Market

10.1. Overview
10.2. Market Volume, by Source (2017-2030)
10.3. Market Revenue, by Source (2017-2030)
10.4. Market Volume, by Type (2017-2030)
10.5. Market Revenue, by Type (2017-2030)
10.6. Market Volume, by Industry (2017-2030)
10.7. Market Revenue, by Industry (2017-2030)
10.8. Market Volume, by Country (2017-2030)
10.9. Market Revenue, by Country (2017-2030)

Chapter 11. MEA Market

11.1. Overview
11.2. Market Volume, by Source (2017-2030)
11.3. Market Revenue, by Source (2017-2030)
11.4. Market Volume, by Type (2017-2030)
11.5. Market Revenue, by Type (2017-2030)
11.6. Market Volume, by Industry (2017-2030)
11.7. Market Revenue, by Industry (2017-2030)
11.8. Market Volume, by Country (2017-2030)
11.9. Market Revenue, by Country (2017-2030)

Chapter 12. U.S. Market

12.1. Overview
12.2. Market Volume, by Source (2017-2030)
12.3. Market Revenue, by Source (2017-2030)
12.4. Market Volume, by Type (2017-2030)
12.5. Market Revenue, by Type (2017-2030)
12.6. Market Volume, by Industry (2017-2030)
12.7. Market Revenue, by Industry (2017-2030)

Chapter 13. Canada Market

13.1. Overview
13.2. Market Volume, by Source (2017-2030)
13.3. Market Revenue, by Source (2017-2030)
13.4. Market Volume, by Type (2017-2030)
13.5. Market Revenue, by Type (2017-2030)
13.6. Market Volume, by Industry (2017-2030)
13.7. Market Revenue, by Industry (2017-2030)

Chapter 14. Germany Market

14.1. Overview
14.2. Market Volume, by Source (2017-2030)
14.3. Market Revenue, by Source (2017-2030)
14.4. Market Volume, by Type (2017-2030)
14.5. Market Revenue, by Type (2017-2030)
14.6. Market Volume, by Industry (2017-2030)
14.7. Market Revenue, by Industry (2017-2030)

Chapter 15. France Market

15.1. Overview
15.2. Market Volume, by Source (2017-2030)
15.3. Market Revenue, by Source (2017-2030)
15.4. Market Volume, by Type (2017-2030)
15.5. Market Revenue, by Type (2017-2030)
15.6. Market Volume, by Industry (2017-2030)
15.7. Market Revenue, by Industry (2017-2030)

Chapter 16. U.K. Market

16.1. Overview
16.2. Market Volume, by Source (2017-2030)
16.3. Market Revenue, by Source (2017-2030)
16.4. Market Volume, by Type (2017-2030)
16.5. Market Revenue, by Type (2017-2030)
16.6. Market Volume, by Industry (2017-2030)
16.7. Market Revenue, by Industry (2017-2030)

Chapter 17. Italy Market

17.1. Overview
17.2. Market Volume, by Source (2017-2030)
17.3. Market Revenue, by Source (2017-2030)
17.4. Market Volume, by Type (2017-2030)
17.5. Market Revenue, by Type (2017-2030)
17.6. Market Volume, by Industry (2017-2030)
17.7. Market Revenue, by Industry (2017-2030)

Chapter 18. Spain Market

18.1. Overview
18.2. Market Volume, by Source (2017-2030)
18.3. Market Revenue, by Source (2017-2030)
18.4. Market Volume, by Type (2017-2030)
18.5. Market Revenue, by Type (2017-2030)
18.6. Market Volume, by Industry (2017-2030)
18.7. Market Revenue, by Industry (2017-2030)

Chapter 19. Japan Market

19.1. Overview
19.2. Market Volume, by Source (2017-2030)
19.3. Market Revenue, by Source (2017-2030)
19.4. Market Volume, by Type (2017-2030)
19.5. Market Revenue, by Type (2017-2030)
19.6. Market Volume, by Industry (2017-2030)
19.7. Market Revenue, by Industry (2017-2030)

Chapter 20. China Market

20.1. Overview
20.2. Market Volume, by Source (2017-2030)
20.3. Market Revenue, by Source (2017-2030)
20.4. Market Volume, by Type (2017-2030)
20.5. Market Revenue, by Type (2017-2030)
20.6. Market Volume, by Industry (2017-2030)
20.7. Market Revenue, by Industry (2017-2030)

Chapter 21. India Market

21.1. Overview
21.2. Market Volume, by Source (2017-2030)
21.3. Market Revenue, by Source (2017-2030)
21.4. Market Volume, by Type (2017-2030)
21.5. Market Revenue, by Type (2017-2030)
21.6. Market Volume, by Industry (2017-2030)
21.7. Market Revenue, by Industry (2017-2030)

Chapter 22. Australia Market

22.1. Overview
22.2. Market Volume, by Source (2017-2030)
22.3. Market Revenue, by Source (2017-2030)
22.4. Market Volume, by Type (2017-2030)
22.5. Market Revenue, by Type (2017-2030)
22.6. Market Volume, by Industry (2017-2030)
22.7. Market Revenue, by Industry (2017-2030)

Chapter 23. South Korea Market

23.1. Overview
23.2. Market Volume, by Source (2017-2030)
23.3. Market Revenue, by Source (2017-2030)
23.4. Market Volume, by Type (2017-2030)
23.5. Market Revenue, by Type (2017-2030)
23.6. Market Volume, by Industry (2017-2030)
23.7. Market Revenue, by Industry (2017-2030)

Chapter 24. Brazil Market

24.1. Overview
24.2. Market Volume, by Source (2017-2030)
24.3. Market Revenue, by Source (2017-2030)
24.4. Market Volume, by Type (2017-2030)
24.5. Market Revenue, by Type (2017-2030)
24.6. Market Volume, by Industry (2017-2030)
24.7. Market Revenue, by Industry (2017-2030)

Chapter 25. Mexico Market

25.1. Overview
25.2. Market Volume, by Source (2017-2030)
25.3. Market Revenue, by Source (2017-2030)
25.4. Market Volume, by Type (2017-2030)
25.5. Market Revenue, by Type (2017-2030)
25.6. Market Volume, by Industry (2017-2030)
25.7. Market Revenue, by Industry (2017-2030)

Chapter 26. Saudi Arabia Market

26.1. Overview
26.2. Market Volume, by Source (2017-2030)
26.3. Market Revenue, by Source (2017-2030)
26.4. Market Volume, by Type (2017-2030)
26.5. Market Revenue, by Type (2017-2030)
26.6. Market Volume, by Industry (2017-2030)
26.7. Market Revenue, by Industry (2017-2030)

Chapter 27. South Africa Market

27.1. Overview
27.2. Market Volume, by Source (2017-2030)
27.3. Market Revenue, by Source (2017-2030)
27.4. Market Volume, by Type (2017-2030)
27.5. Market Revenue, by Type (2017-2030)
27.6. Market Volume, by Industry (2017-2030)
27.7. Market Revenue, by Industry (2017-2030)

Chapter 28. U.A.E. Market

28.1. Overview
28.2. Market Volume, by Source (2017-2030)
28.3. Market Revenue, by Source (2017-2030)
28.4. Market Volume, by Type (2017-2030)
28.5. Market Revenue, by Type (2017-2030)
28.6. Market Volume, by Industry (2017-2030)
28.7. Market Revenue, by Industry (2017-2030)

Chapter 29. Competitive Landscape

29.1. List of Market Players and their Offerings
29.2. Competitive Benchmarking of Key Players
29.3. Product Benchmarking of Key Players
29.4. Recent Strategic Developments

Chapter 30. Company Profiles

30.1. Veolia Environnement SA
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
30.2. MBA Polymers Inc.
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
30.3. Phoenix Technologies International LLC
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
30.4. Vikoz Enterprises Inc.
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
30.5. TERRACYCLE INC.
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
30.6. KW Plastics
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
30.7. DS Smith plc
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
30.8. Petco.co.za
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
30.9. Waste Connections Inc.
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
30.10. Custom Polymers Inc.
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
30.11. Indorama Ventures Public Company Limited
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary

Chapter 31. Appendix

31.1. Abbreviations
31.2. Sources and References
31.3. Related Reports

Recycled Plastic Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)