Post-Consumer Recycled Plastics Market $18.8 billion by 2025 - Exclusive Report by MarketsandMarkets™

News provided by

Sep 11, 2020, 10:30 ET

CHICAGO, Sept. 11, 2020 /PRNewswire/ -- According to the new market research report "Post-consumer Recycled Plastics Market by Polymer Type, Service, Processing Type (Mechanical, Chemical, Biological), End-use Application (Packaging, Building & Construction, Automotive, Furniture, Electronics), and Region – Global Forecast To 2025", published by MarketsandMarkets™, the Post-Consumer Recycled Plastics Market size is projected to grow from USD 14.2 billion in 2020 to USD 18.8 billion by 2025, at a CAGR of 5.7% from 2020 to 2025.

Download PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=222347130 https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=262710114 - utm_source=PRNewswire&utm_medium=Referal&utm_campaign=PaidPR

Browse in-depth TOC on "Post-consumer Recycled Plastics Market"

153 – Tables
42 – Figures
197 – Pages

View Detailed Table of Content Here:

https://www.marketsandmarkets.com/Market-Reports/post-consumer-recycled-plastic-market-222347130

The global post-consumer recycled plastics market size is projected to grow from USD 14.2 billion in 2020 to USD 18.8 billion by 2025, at a CAGR of 5.7% from 2020 to 2025. The increasing urban population, rapid industrialization, growing concern toward the environmental impact of the improper disposal of plastic waste, along with laws & regulations regarding the disposal and treatment of plastic waste, have propelled the growth of the global plastic waste management industry. The increase in the GDP of a country will enable it to work with more advanced and effective waste management solutions, which will, in turn, increase the demand for waste management services, equipment, and technologies.

In terms of value, recycling is estimated to lead the post-consumer recycled plastics market in 2019.

Recycling, by service, accounted for the largest market share in the post-consumer recycled plastics market. The recycling process of consumer plastic waste involves sorting, cleaning & drying, shredding & agglomeration, pelletizing, and finally, manufacturing recycled products. In the case of developing countries such as India, much of the waste collected from residential areas is not sorted before it is collected, which makes the recycling of consumer plastic wastes difficult. However, in developed countries, consumer plastic waste is sorted and deposited in containers; sorting also takes place after the waste is collected. In this stage, recovered plastic waste is segregated into different grades either by SPI code or by the type of plastic, additives, and fillers used. The segregation is done as different types of plastics require different treatment, while recycling them to make different types of products.

PP is estimated to be the fastest-growing segment in the post-consumer recycled plastics market from 2020 to 2025.

PP, by polymer type, is estimated to be the fastest-growing segment in the post-consumer recycled plastics market from 2020 to 2025, in terms of volume. Products made from PP offer high stiffness, heat resistance, steam barrier properties (food protection), elasticity (film and fiber applications), enhanced transparency, strong impact & rigidity balance. The resistance of PP to permeation is equivalent to or marginally better than that of high-density polyethylene (HDPE) and superior to low-density polyethylene (LDPE). It is recyclable and reused in various applications besides manufacturing plastics. These properties have led to an increasing preference for PP in the manufacture of packaging units used in the food & beverage, pharmaceutical, electronic, and packaging industries. Few packaging applications include bottles, crates, films, and pots.

Request Sample Pages:

https://www.marketsandmarkets.com/requestsampleNew.asp?id=222347130

The APAC region is projected to account for the largest share in the post-consumer recycled plastics market during the forecast period.

The APAC region is projected to lead the post-consumer recycled plastics market, in terms of both value and volume from 2020 to 2025. The growing population, rising GDP, and increasing disposable income in APAC are leading to the generation of more solid waste, which, in turn, is creating opportunities for plastic recycling in the region. According to the OECD Development Centre's Medium-Term Projection Framework (MPF-2019), GDP in the emerging Asian region is projected to grow by an annual average of 6.1% between 2020 and 2025.

Veolia Environnement S.A. (France), SUEZ (France), Waste Management Inc. (US), Republic Services Inc. (US), and Stericycle Inc. (US) are the key players operating in the post-consumer recycled plastics market. Expansions & investments, mergers & acquisitions, joint ventures & partnerships, and new product developments are some of the major strategies adopted by these key players to enhance their positions in the post-consumer recycled plastics market.

Related Reports:

Plastic Waste Management Market by Service (Collection, Recycling), By Polymer Type (PP, LDPE), By Source (Residential, Commercial, Industrial), By End-Use Applications (Packaging, Building & Construction), Region - Global Forecast to 2024"

https://www.marketsandmarkets.com/Market-Reports/plastic-waste-management-market-80259244.html
Recycled Plastics Market by Source (Bottles, Films, Fibers, Foams), Type (PET, PE, PP, PVC, PS), End-Use Industry (Packaging, Building & Construction, Textiles, Automotive, Electrical & Electronics) and Region - Global Forecast to 2022"

https://www.marketsandmarkets.com/Market-Reports/recycled-plastic-market-115486722.html

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets' flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:

Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/post-consumer-recycled-plastic-market.asp

Visit Our Website: https://www.marketsandmarkets.com/

Content Source: https://www.marketsandmarkets.com/PressReleases/post-consumer-recycled-plastic.asp

SOURCE MarketsandMarkets