Post-Consumer Recycled Plastics Market 2024-2028: Size and Low recycling rate of plastics; growth driven by the Material, Some of key Companies Positioned Strategically

The post-consumer recycled plastics market size by Material (PET, HDPE, PP, and Others) and Geography (North America, APAC, Europe, Middle East and Africa, and South America), is forecast to increase by USD 5500.2 million. The market is expected to grow at a CAGR of   5.89% between 2024 and 2028.

• The global production of plastic, an inexpensive and versatile material, exceeds 300 MT annually. Regrettably, over 8 MT of this output ends up in oceans, posing a significant environmental threat. To mitigate this issue, governments worldwide promote plastics recycling. However, only approximately 20% of the global plastic waste is effectively recycled, with the remaining 50% discarded and 25% incinerated. This unsustainable trend necessitates increased efforts to enhance plastics recycling rates and reduce environmental degradation.
• The Post-Consumer Recycled Plastics (PCR) market represents a significant business opportunity for companies committed to sustainable manufacturing practices. PCR plastics are derived from discarded consumer items, making their use an essential component of the circular economy. This market segment is experiencing robust growth due to increasing consumer awareness, stringent regulations, and corporate initiatives to reduce waste and carbon footprint. Companies can leverage PCR plastics to enhance their brand image, meet sustainability targets, and cater to eco-conscious consumers.

Access the full report to know who are the other key countries segment-wise forecast and historic data

Some of the Key Companies:

• AAA Polymer Inc.
• B and B Plastics Inc.
• B. Schoenberg and Co. Inc.
• Clear Path Recycling LLC
• Defy Design
• Dow Chemical Co.
• EFS Plastics Inc.
• Envision Plastics
• EREMA Engineering Recycling Maschinen und Anlagen Ges.m.b.H.
• Fukutomi Recycling Ltd.
• Genpak LLC
• Green Warehouse Ltd.
• Jabil Inc.
• KW Plastics
• MBA Polymers Inc.
• Recycling Technologies Ltd.
• SUEZ SA
• TerraCycle Inc.
• Union J Plus (THAILAND) Co. Ltd
• Veolia Environnement SA

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Technavio Research
Jesse Maida
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