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Recycled Plastic Market is Predicted to Attain USD 77 Billion by 2030

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According to Precedence Research, the global recycled plastic market size is forecasted to reach US$ 77 billion by 2030, growing at a lucrative CAGR of 4.8% between 2021 and 2030.

The report contains 150+ pages with detailed analysis. The base year for the study has been considered 2021, the historic year 2017 to 2020, the forecast period considered is from 2021 to 2030. The report offers exclusive insights to help companies make informed decisions to sustain growth through the assessment period.

The rising awareness regarding the deteriorating environment health and rising government initiative to curb the use of plastics in order to reduce landfills and plastic waste accumulation is significantly driving the growth of the global recycled plastic market across the globe.

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Further, the rapid growth of the e-commerce platforms across the globe has boosted the use of recycled plastic for use in the packaging of products. The construction industry uses recycled plastic to produce fence, windows, insulation, and various other products. Therefore, rapidly growing building and construction industry in the developing markets is expected to contribute significantly towards the growth of the global recycled plastic market in the upcoming years. Recycled plastic has wider variety of usage across various industries. It is used to manufacture footwear, bottles, medical devices, cartons, and many more products. The rising application of recycled plastic across various end-use industries is driving the global recycled plastic market.

Crucial factors accountable for market growth are:

  • Increasing government initiatives to adopt the use of recycled plastic
  • Rising investments on plastic recycling
  • Rising demand from the various industries
  • Rapidly growing e-commerce industry
  • Rapidly growing construction industry
  • Increasing demand from the automotive industry

Scope of the Recycled Plastic Market Report

Report Highlights Details
Market Size USD 77 Billion by 2030
Growth Rate CAGR of 4.8% From 2021 to 2030
Largest Market Asia Pacific
Fastest Growing Market Europe
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Source, Product, Application, Region

Competitive Intelligence

The report provides an understanding of the market composition and explains the role of established players and regional contributors. It is essential for the market players to make calculative moves and focus on client acquisition and retention. The detailed company profiles will provide the necessary intelligence to the reader. In order to maintain their share, the market players are focusing on strategies such as cross-border expansion, product differentiation and so on.

Some of the prominent players in the global recycled plastic market are listed as below:

  • REMONDIS SE & Co. KG
  • Shell International B.V.
  • Waste Connections
  • CLEAN HARBORS, INC.
  • Covestro AG
  • Biffa
  • Stericycle
  • Republic Services, Inc.
  • WM Intellectual Property Holdings, L.L.C.
  • Veolia

Market Dynamics

Drivers – The recycled plastic market is driven by the rising government initiatives to reduce the plastic wastes. Further, rising investment by various players from different industries in using recycled plastic to manufacture their products is driving the global recycled plastic market.

Restraints – Irregular supply of the raw material is a major issue faced by the industry. The recycled plastic manufacturing depends on the proper collection of the plastic wastes. Only around 15% of plastic wastes are being used in the recycled plastic industry and rest are still unutilized.

Opportunities – Rising initiatives by brands like Coca Cola, Reebok, Adidas, and various others to invest in the production of recycled plastic to use it in the production of their products. This may provide lucrative growth opportunities to the market players.

Challenges – China has banned the imports of scrap. China is the largest user of scrap. This is a major challenge faced by the recycled plastic industry. Such bans on the import of scrap may hinder the market growth.

Report Highlights

  • Based on the source, plastic bottle segment dominated the market in 2020. This is due to the excess volume of wastes generated from the plastic bottles. These plastic bottles are extensively used in the production of recycled plastic to be used in various industries.
  • Based on the product, polypropylene is estimated to be the most opportunistic segment during the forecast period. Polypropylene is widely used across various industries for packaging, labelling, automotive components, medical devices, and various other products. The rapidly growing e-commerce and construction industry is expected to boost the growth of the segment during the forecast period.
  • Based on the application, packaging segment dominated the market in 2020. This is attributed to the extensive usage of recycled plastic in the packaging of consumer goods, food and beverages, electronic, and various other products. Moreover, the huge volume of sales in the e-commerce industry is boosting the consumption of recycled plastic for the packaging of goods.The rising popularity of purchasing electronics such as laptops, Mobile phones, and tablets through e-commerce has exponentially fostered the demand for the recycled plastic as a packaging material across the globe.

Regional Snapshots

Asia Pacific is the largest and the fastest growing market for the recycled plastic. Asia Pacific is characterized by huge population, availability of cheap labor, industry-friendly government policies, rising disposable income of the consumers, and rising urbanization and industrialization. All these factors makes this region a lucrative market for the various industry players. The growth of various industries in this region is a significant factor propelling the growth of the recycled plastic market. Industries such as automotive, footwear, construction, and packaging are extensively using recycled plastic for various applications that is expected to drive the growth of the market in this region. Further, rising government initiative and policies to attract FDIs and foster industrial development in this region is a key factor that boosted the usage of recycled plastic in Asia Pacific.

The Europe is the second largest market. The growing demand for the electric vehicles in Europe and North America is expected to boost the growth of the automotive industry, which in turn would foster the growth of the global recycled plastic market.

Segments Covered in the Report

By Source

  • Plastic Bottles
  • Plastic Films
  • Polymer Foam
  • Others

By Product

  • Polyethylene
  • Polyethylene Terephthalate
  • Polypropylene
  • Polyvinyl Chloride
  • Polystyrene
  • Others

By Application

  • Packaging
  • Building & Construction
  • Textiles
  • Electronics
  • Automotive
  • Others

Regional Segmentation

– North America (U.S. and Canada)

 – Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

 – Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)

 – Latin America (Brazil and Rest of Latin America)

– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Recycled Plastic Market 

5.1. COVID-19 Landscape: Recycled Plastic Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Recycled Plastic Market, By Product

8.1. Recycled Plastic Market, by Product Type, 2021-2030

8.1.1. Polyethylene

8.1.1.1. Market Revenue and Forecast (2019-2030)

8.1.2. Polyethylene Terephthalate

8.1.2.1. Market Revenue and Forecast (2019-2030)

8.1.3. Polypropylene

8.1.3.1. Market Revenue and Forecast (2019-2030)

8.1.4. Polyvinyl Chloride

8.1.4.1. Market Revenue and Forecast (2019-2030)

8.1.5. Polystyrene

8.1.5.1. Market Revenue and Forecast (2019-2030)

8.1.6. Others

8.1.6.1. Market Revenue and Forecast (2019-2030)

Chapter 9. Global Recycled Plastic Market, By Application

9.1. Recycled Plastic Market, by Application, 2021-2030

9.1.1. Packaging

9.1.1.1. Market Revenue and Forecast (2019-2030)

9.1.2. Building & Construction

9.1.2.1. Market Revenue and Forecast (2019-2030)

9.1.3. Textiles

9.1.3.1. Market Revenue and Forecast (2019-2030)

9.1.4. Electronics

9.1.4.1. Market Revenue and Forecast (2019-2030)

9.1.5. Automotive

9.1.5.1. Market Revenue and Forecast (2019-2030)

9.1.6. Others

9.1.6.1. Market Revenue and Forecast (2019-2030)

Chapter 10. Global Recycled Plastic Market, By Source 

10.1. Recycled Plastic Market, by Source, 2021-2030

10.1.1. Plastic Bottles

10.1.1.1. Market Revenue and Forecast (2019-2030)

10.1.2. Plastic Films

10.1.2.1. Market Revenue and Forecast (2019-2030)

10.1.3. Polymer Foam

10.1.3.1. Market Revenue and Forecast (2019-2030)

10.1.4. Others

10.1.4.1. Market Revenue and Forecast (2019-2030)

Chapter 11. Global Recycled Plastic Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Product (2019-2030)

11.1.2. Market Revenue and Forecast, by Application (2019-2030)

11.1.3. Market Revenue and Forecast, by Source (2019-2030)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.1.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.1.4.3. Market Revenue and Forecast, by Source (2019-2030)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.1.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.1.5.3. Market Revenue and Forecast, by Source (2019-2030)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Product (2019-2030)

11.2.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.3. Market Revenue and Forecast, by Source (2019-2030)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.2.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.4.3. Market Revenue and Forecast, by Source (2019-2030)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.2.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.5.3. Market Revenue and Forecast, by Source (2019-2030)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Product (2019-2030)

11.2.6.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.6.3. Market Revenue and Forecast, by Source (2019-2030)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Product (2019-2030)

11.2.7.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.7.3. Market Revenue and Forecast, by Source (2019-2030)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Product (2019-2030)

11.3.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.3. Market Revenue and Forecast, by Source (2019-2030)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.3.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.4.3. Market Revenue and Forecast, by Source (2019-2030)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.3.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.5.3. Market Revenue and Forecast, by Source (2019-2030)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Product (2019-2030)

11.3.6.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.6.3. Market Revenue and Forecast, by Source (2019-2030)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Product (2019-2030)

11.3.7.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.7.3. Market Revenue and Forecast, by Source (2019-2030)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.3. Market Revenue and Forecast, by Source (2019-2030)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.4.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.4.3. Market Revenue and Forecast, by Source (2019-2030)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.4.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.5.3. Market Revenue and Forecast, by Source (2019-2030)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Product (2019-2030)

11.4.6.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.6.3. Market Revenue and Forecast, by Source (2019-2030)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Product (2019-2030)

11.4.7.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.7.3. Market Revenue and Forecast, by Source (2019-2030)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.5.3. Market Revenue and Forecast, by Source (2019-2030)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.5.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.5.4.3. Market Revenue and Forecast, by Source (2019-2030)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.5.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.5.5.3. Market Revenue and Forecast, by Source (2019-2030)

Chapter 12. Company Profiles

12.1. REMONDIS SE & Co. KG

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Shell International B.V.

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Waste Connections

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. CLEAN HARBORS, INC.

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Covestro AG

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Biffa

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Stericycle

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Republic Services, Inc.

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. WM Intellectual Property Holdings, L.L.C.

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Veolia

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

Why should you invest in this report?

If you are aiming to enter the global recycled plastic market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for recycled plastic are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable. 

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Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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