Browse 153 market data Tables and 42 Figures spread through 197 Pages and in-depth TOC on "Post-consumer Recycled Plastics Market"

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.

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Governments in various countries have imposed stringent regulations to minimize the impact of waste and its harmful by-products, for the safety of the environment, flora, and fauna. They have also enforced strict laws for the management of consumer and industrial plastic waste to reduce solid waste accumulating in landfills. Regulatory bodies in the US and European countries impose fines for the non-compliance of standards and acts. The Waste Framework Directive by the European Commission has set a 50% household waste collection target by 2020. According to this directive, recycling and reuse of plastic packaging waste should be 60% of the total plastic packaging waste generated between 2020 and 2030. PlasticsEurope, a leading pan-European association, has an objective of zero landfills by 2040. The Waste (England and Wales) (Amendment) Regulations 2012 is related to the separate collection of waste, which states that the waste collection authorities must collect waste paper, metal, plastic, and glass separately. 

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-consume 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.

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.

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