According to a research report by Stratview Research, the Post-consumer recycled plastics market is likely to witness an impressive CAGR of 5.8% during the forecast period. The growing demand for post-consumer recycled plastics is mainly due to industrialization and awareness regarding reducing environmental impact of plastics through the process of recycling.
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Research Methodology
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
Segments’ Analysis
Based on the polymer type, the Post-consumer Recycled Plastics Market is segmented as polyethylene terephthalate (PET), high-density polyethylene (HDPE), low-density polyethylene (LDPE), polypropylene (PP), polyvinyl chloride (PVC), polyurethane (PUR), polystyrene (PS), and others. The polyethylene terephthalate (PET) segment is expected to remain dominant as well as the fastest-growing segment during the forecast period, due to its wide range of applications, such as in food packaging, electronics, and pharmaceutical packaging and its specific properties such as moisture-resistant, non-absorbent, and non-fluorescent.
Based on the end-use application type, the post-consumer recycled plastics market is segmented as packaging, building & construction, automotive, furniture, and others. The packaging application leads the market and is also estimated to be the fastest-growing segment during the forecast period, owing to surge in population and increasing spending power of people, which is giving rise to construction of new houses in the urban and sub-urban areas globally, and growth in the construction of non-residential buildings and institutes is also a major reason for the dominance of this segment.
In terms of regions, North America is expected to be the fastest-growing market for post-consumer recycled plastics during the forecast period. The region’s growth is owing to the technological innovations in the waste management industry and government regulations regarding the disposal, collection and recycling of plastic wastes. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
Leading Players Covered in the Post-consumer Recycled Plastics Market Report:
- Biffa plc
- Clean Harbors, Inc.
- DS Smith plc
- Remondis
- Republic Services, Inc.
- Stericycle
- Suez SA
- Veolia Environment SA
- Waste Connections, Inc.
- Waste Management Inc.
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