市場調査レポート
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1423085

再生プラスチック市場レポート:プラスチックタイプ、用途、原材料、地域別、2024年~2032年

Recycled Plastics Market Report by Plastic Type (Polyethylene Terephthalate, High Density Polyethylene, Polypropylene, Low Density Polyethylene, and Others), Application, Raw Material, and Region 2024-2032

出版日: | 発行: IMARC | ページ情報: 英文 149 Pages | 納期: 2~3営業日

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価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=160.11円
再生プラスチック市場レポート:プラスチックタイプ、用途、原材料、地域別、2024年~2032年
出版日: 2024年01月30日
発行: IMARC
ページ情報: 英文 149 Pages
納期: 2~3営業日
  • 全表示
  • 概要
  • 図表
  • 目次
概要

世界の再生プラスチック市場規模は、2023年に419億米ドルに達しました。今後、IMARC Groupは、2024年から2032年にかけて4.3%の成長率(CAGR)を示し、2032年には617億米ドルに達すると予測しています。同市場は、世界の環境に対する関心の高まり、企業の持続可能性目標の重視の高まり、プラスチックリサイクル分野における急速な技術進歩、再生プラスチックに対する消費者の需要の高まり、再生プラスチックに対する経済的インセンティブのイントロダクションなどを背景に急成長しています。

再生プラスチック市場の分析:

市場の成長と規模市場は、世界の環境問題への関心と持続可能な市場開拓の取り組みによって、安定した成長を遂げています。また、様々な産業で再生プラスチックの需要が増加しており、有利な分野となっていることも市場成長を後押ししています。

主な市場促進要因:市場成長に影響を与える主な促進要因には、環境意識の高まり、廃棄物管理に関する政府の厳しい規制、企業の持続可能性目標などがあります。さらに、持続可能な製品に対する消費者の嗜好の高まりが市場成長を支えています。

技術の進歩:リサイクル・プロセスにおける最近の技術革新は、リサイクル・プラスチックの品質を向上させる選別技術や処理技術の改善などであり、市場の成長を後押ししています。また、ケミカルリサイクル技術の導入により、より幅広い種類のプラスチックのリサイクルが可能になったことも、市場の成長を後押ししています。

産業用途:汎用性と品質の高さから、食品・非食品接触包装、建築、自動車、繊維など、さまざまな分野で高い製品需要があります。

主要市場動向:主な市場動向には、製品の包装や製造にリサイクル素材を取り入れる方向への継続的なシフトが含まれます。また、生分解性プラスチックや堆肥化可能プラスチックの市場開拓が市場の成長を後押ししています。

地理的動向:急速な工業化と積極的な環境政策により、アジア太平洋地域が市場をリードしています。その他の地域も、厳しい規制措置と高い消費者意識に後押しされ、著しい成長を示しています。

競合情勢:市場参入企業の特徴:大手企業がリサイクル技術に積極的に投資し、施設を拡張しています。また、技術開発や市場開拓のための戦略的提携や協力関係にも取り組んでいます。

課題と機会:多様な種類のプラスチックの選別と処理の複雑さ、リサイクルの経済性など、市場は様々な課題に直面しています。しかし、最近のリサイクル技術の革新やリサイクルプラスチックの新分野開拓は、市場成長の新たな機会を生み出しています。

再生プラスチック市場の動向:

世界中で高まる環境問題への懸念

環境問題、特にプラスチック汚染とその生態系への影響に関する懸念の高まりは、市場成長を促進する重要な要因です。さらに、埋立地や海洋に蓄積されるプラスチック廃棄物の憂慮すべき割合は、持続可能な慣行に対する社会の認識と需要の高まりにつながっており、市場の成長に寄与しています。これに伴い、使い捨てプラスチックの禁止、リサイクルの義務化、製造業におけるリサイクル材料の導入目標など、世界各国の政府による厳しい規制の制定が市場の成長を強化しています。こうした規制はリサイクルを奨励するだけでなく、違反した場合には罰則を課すことで、企業がリサイクル・プラスチックを採用する動機付けにもなっています。さらに、環境問題を最重要視する国際協定や協力関係も市場の成長を支えています。

企業の持続可能性目標の重視の高まり

企業の持続可能性は、ニッチな関心事から戦略的事業計画の中核的要素へと発展してきました。さまざまな分野の企業が、社会的責任としてだけでなく、ビジネス上の必須事項としても、持続可能性の重要性を認識するようになっています。その背景には、消費者の嗜好、株主の期待、持続可能な実践に伴う長期的なコスト削減の可能性などがあります。これに伴い、いくつかの企業は、廃棄物の削減、温室効果ガス排出量の削減、リサイクル素材の利用拡大など、持続可能性に関する野心的な目標を設定しています。さらに、多くの著名な消費財メーカーが、包装材を完全にリサイクル可能にするか、製品に一定割合のリサイクルプラスチックを組み込むことを公約しており、これが市場の成長をさらに後押ししています。

プラスチック・リサイクル分野における急速な技術進歩

分別、汚染、リサイクル後のプラスチック特性の劣化など、プラスチックリサイクルに関連する従来の課題の多くに対処する最近の技術進歩が、市場の成長を後押ししています。これに伴い、最新のリサイクル施設では、近赤外線(NIR)分光法や人工知能(AI)搭載の選別システムのような高度な選別技術を採用し、プラスチックの種類や品質に基づいて効率的に分別しています。これらの技術により、再生プラスチックの純度と一貫性が大幅に改善され、高品質な用途により適しています。さらに、機械的・化学的リサイクルプロセスの進歩により、リサイクル可能なプラスチックの範囲が拡大し、リサイクル製品の品質が向上したことも、市場の成長を後押ししています。

再生プラスチックに対する消費者の需要の高まり

環境意識の高まりと持続可能な製品への消費者の嗜好の変化により、再生プラスチックに対する消費者の需要が高まっていることが、市場の成長を後押ししています。現代の消費者は、購入品が環境に与える影響についてより多くの情報を持ち、意識しています。そのため、企業は再生プラスチックを含む環境に優しい慣行や素材を採用せざるを得なくなっています。さらに消費者は、リサイクル可能な包装材やリサイクル素材を使った製品など、持続可能な特性を持つ製品を求めるようになっています。その結果、環境に優しい特徴を誇る製品が急増し、市場の成長を促しています。さらに、ソーシャルメディアやデジタル・プラットフォームの台頭により、消費者が製品や企業に関する情報にアクセスしやすくなっていることも、市場の成長を強めています。

再生プラスチックに対する経済的インセンティブのイントロダクション

再生プラスチック市場の成長には、経済的インセンティブが重要な役割を果たしています。これに伴い、石油市場の変動と密接に関連しているバージンプラスチックの価格変動が、再生プラスチックをより費用対効果の高い代替品にしており、市場の成長を後押ししています。さらに、いくつかの政府や国際機関は、リサイクルを促進するための財政的インセンティブを提供しています。これには、リサイクル・インフラに投資したり、リサイクル材料を製品に組み込んだりする企業に対する補助金、減税、助成金などが含まれます。さらに、経済的インセンティブは、再生プラスチック市場に参入するための経済的障壁を減らし、リサイクル技術や施設への投資を促進します。さらに、廃棄物処理費用の削減や原材料のコスト削減の可能性など、再生プラスチックの使用に伴う長期的なコスト削減が、メーカーにとって魅力的な選択肢となり、市場の成長を後押ししています。

目次

第1章 序文

第2章 調査範囲と調査手法

  • 調査目的
  • 利害関係者
  • データソース
    • 一次情報
    • 二次情報
  • 市場推定
    • ボトムアップアプローチ
    • トップダウンアプローチ
  • 調査手法

第3章 エグゼクティブサマリー

第4章 イントロダクション

  • 概要
  • 主要産業動向

第5章 世界の再生プラスチック市場

  • 市場概要
  • 市場実績
  • COVID-19の影響
  • 市場内訳:プラスチックタイプ別
  • 市場内訳:原材料別
  • 市場内訳:用途別
  • 市場内訳:地域別
  • 市場予測
  • SWOT分析
    • 概要
    • 強み
    • 弱み
    • 機会
    • 脅威
  • バリューチェーン分析
    • 概要
    • 研究開発
    • 原料調達
    • 製造
    • 流通
    • 輸出
    • 最終用途
  • ポーターのファイブフォース分析
    • 概要
    • 買い手の交渉力
    • 供給企業の交渉力
    • 競合の程度
    • 新規参入業者の脅威
    • 代替品の脅威

第6章 市場内訳:プラスチックタイプ別

  • ポリエチレンテレフタレート(PET)
    • 市場動向
    • 市場予測
  • 高密度ポリエチレン(HDPE)
    • 市場動向
    • 市場予測
  • ポリプロピレン(PP)
    • 市場動向
    • 市場予測
  • 低密度ポリエチレン(LDPE)
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測

第7章 市場内訳:原材料別

  • プラスチックボトル
    • 市場動向
    • 市場展望
  • プラスチックフィルム
    • 市場動向
    • 市場予測
  • 硬質プラスチックと発泡体
    • 市場動向
    • 市場予測
  • 繊維
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測

第8章 市場内訳:用途別

  • 非食品接触包装
    • 市場動向
    • 市場予測
  • 食品接触包装
    • 市場動向
    • 市場予測
  • 建設
    • 市場動向
    • 市場予測
  • 自動車
    • 市場動向
    • 市場予測
  • その他
    • 市場動向
    • 市場予測

第9章 市場内訳:地域別

  • 北米
    • 市場動向
    • 市場予測
  • 欧州
    • 市場動向
    • 市場予測
  • アジア太平洋
    • 市場動向
    • 市場予測
  • ラテンアメリカ
    • 市場動向
    • 市場予測
  • 中東・アフリカ
    • 市場動向
    • 市場予測

第10章 再生プラスチックの製造工程

  • 製品概要
  • 原材料の要件
  • 製造プロセス
  • 主な成功要因とリスク要因

第11章 競合情勢

  • 市場構造
  • 主要企業
  • 主要企業のプロファイル
    • Avangard Innovative
    • B. Schoenberg & Co., Inc.
    • Delta Plastics
    • UltrPET LLC
    • CarbonLITE Industries
    • Veolia Environment SA
    • Suez Recycling & Recovery Holdings
    • KW Plastics
図表

List of Figures

  • Figure 1: Global: Recycled Plastics Market: Major Drivers and Challenges
  • Figure 2: Global: Recycled Plastics Market: Sales Value (in Billion US$), 2018-2023
  • Figure 3: Global: Recycled Plastics Market: Breakup by Plastic Type (in %), 2023
  • Figure 4: Global: Recycled Plastics Market: Breakup by Raw Material (in %), 2023
  • Figure 5: Global: Recycled Plastics Market: Breakup by Application (in %), 2023
  • Figure 6: Global: Recycled Plastics Market: Breakup by Region (in %), 2023
  • Figure 7: Global: Recycled Plastics Market Forecast: Sales Value (in Billion US$), 2024-2032
  • Figure 8: Global: Recycled Plastics Industry: SWOT Analysis
  • Figure 9: Global: Recycled Plastics Industry: Value Chain Analysis
  • Figure 10: Global: Recycled Plastics Industry: Porter's Five Forces Analysis
  • Figure 11: Global: Recycled Plastics Market (Polyethylene Terephthalate - PET): Sales Value (in Million US$), 2018 & 2023
  • Figure 12: Global: Recycled Plastics Market Forecast (Polyethylene Terephthalate - PET): Sales Value (in Million US$), 2024-2032
  • Figure 13: Global: Recycled Plastics Market (High Density Polyethylene - HDPE): Sales Value (in Million US$), 2018 & 2023
  • Figure 14: Global: Recycled Plastics Market Forecast (High Density Polyethylene- HDPE): Sales Value (in Million US$), 2024-2032
  • Figure 15: Global: Recycled Plastics Market (Polypropylene - PP): Sales Value (in Million US$), 2018 & 2023
  • Figure 16: Global: Recycled Plastics Market Forecast (Polypropylene - PP): Sales Value (in Million US$), 2024-2032
  • Figure 17: Global: Recycled Plastics Market (Low Density Polyethylene - LDPE): Sales Value (in Million US$), 2018 & 2023
  • Figure 18: Global: Recycled Plastics Market Forecast (Low Density Polyethylene - LDPE): Sales Value (in Million US$), 2024-2032
  • Figure 19: Global: Recycled Plastics Market (Other Plastic Types): Sales Value (in Million US$), 2018 & 2023
  • Figure 20: Global: Recycled Plastics Market Forecast (Other Plastic Types): Sales Value (in Million US$), 2024-2032
  • Figure 21: Global: Recycled Plastics (From Plastic Bottles) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 22: Global: Recycled Plastics (From Plastic Bottles) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 23: Global: Recycled Plastics (From Plastic Films) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 24: Global: Recycled Plastics (From Plastic Films) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 25: Global: Recycled Plastics (From Rigid Plastic and Foam) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 26: Global: Recycled Plastics (From Rigid Plastic and Foam) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 27: Global: Recycled Plastics (From Fibres) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 28: Global: Recycled Plastics (From Fibres) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 29: Global: Recycled Plastics (Other Raw Materials) Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 30: Global: Recycled Plastics (Other Raw Materials) Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 31: Global: Recycled Plastics Market (Applications in Non-Food Contact Packaging): Sales Value (in Million US$), 2018 & 2023
  • Figure 32: Global: Recycled Plastics Market Forecast (Applications in Non-Food Contact Packaging): Sales Value (in Million US$), 2024-2032
  • Figure 33: Global: Recycled Plastics Market (Applications in Food Contact Packaging): Sales Value (in Million US$), 2018 & 2023
  • Figure 34: Global: Recycled Plastics Market Forecast (Applications in Food Contact Packaging): Sales Value (in Million US$), 2024-2032
  • Figure 35: Global: Recycled Plastics Market (Applications in Construction): Sales Value (in Million US$), 2018 & 2023
  • Figure 36: Global: Recycled Plastics Market Forecast (Applications in Construction): Sales Value (in Million US$), 2024-2032
  • Figure 37: Global: Recycled Plastics Market (Applications in Automotive): Sales Value (in Million US$), 2018 & 2023
  • Figure 38: Global: Recycled Plastics Market Forecast (Applications in Automotive): Sales Value (in Million US$), 2024-2032
  • Figure 39: Global: Recycled Plastics Market (Other Applications): Sales Value (in Million US$), 2018 & 2023
  • Figure 40: Global: Recycled Plastics Market Forecast (Other Applications): Sales Value (in Million US$), 2024-2032
  • Figure 41: North America: Recycled Plastics Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 42: North America: Recycled Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 43: Europe: Recycled Plastics Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 44: Europe: Recycled Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 45: Asia Pacific: Recycled Plastics Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 46: Asia Pacific: Recycled Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 47: Latin America: Recycled Plastics Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 48: Latin America: Recycled Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 49: Middle East and Africa: Recycled Plastics Market: Sales Value (in Million US$), 2018 & 2023
  • Figure 50: Middle East and Africa: Recycled Plastics Market Forecast: Sales Value (in Million US$), 2024-2032
  • Figure 51: Recycled Plastics Manufacturing: Detailed Process Flow

List of Tables

  • Table 1: Global: Recycled Plastics Market: Key Industry Highlights, 2023 and 2032
  • Table 2: Global: Recycled Plastics Market Forecast: Breakup by Plastic Type (in Million US$), 2024-2032
  • Table 3: Global: Recycled Plastics Market Forecast: Breakup by Raw Material (in Million US$), 2024-2032
  • Table 4: Global: Recycled Plastics Market Forecast: Breakup by Application (in Million US$), 2024-2032
  • Table 5: Global: Recycled Plastics Market Forecast: Breakup by Region (in Million US$), 2024-2032
  • Table 6: Recycled Plastics Production: Raw Material Requirements
  • Table 7: Global: Recycled Plastics Market: Competitive Structure
  • Table 8: Global: Recycled Plastics Market: Key Players
目次
Product Code: SR112024A841

Abstract

The global recycled plastics market size reached US$ 41.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 61.7 Billion by 2032, exhibiting a growth rate (CAGR) of 4.3% during 2024-2032. The market is growing rapidly, driven by heightened environmental concerns across the globe, growing emphasis on corporate sustainability goals, rapid technological advancements in the field of plastic recycling, escalating consumer demand for recycled plastics, and introduction of economic incentives for recycled plastics.

Recycled Plastics Market Analysis:

Market Growth and Size: The market is witnessing stable growth, driven by global environmental concerns and sustainable development initiatives. Additionally, the increasing demand for recycled plastics in various industries, making it a lucrative sector, is driving the market growth.

Major Market Drivers: Key drivers influencing the market growth include heightened environmental awareness, stringent governmental regulations on waste management, and corporate sustainability goals. Moreover, the growing consumer preference for sustainable products is supporting the market growth.

Technological Advancements: Recent innovations in recycling processes, such as improved sorting and processing technologies, which have enhanced the quality of recycled plastics, are favoring the market growth. Additionally, the introduction of chemical recycling technologies, enabling the recycling of a broader range of plastic types, is fueling the market growth.

Industry Applications: The market is experiencing high product demand in diverse sectors including food and non-food contact packaging, construction, automotive, and textiles, owing to their versatility and better quality.

Key Market Trends: The key market trends involve the ongoing shift towards incorporating recycled content in product packaging and manufacturing. Additionally, the development of biodegradable and compostable plastics is bolstering the market growth.

Geographical Trends: Asia Pacific leads the market due to rapid industrialization and proactive environmental policies. Other regions are also showing significant growth, fueled by stringent regulatory measures and high consumer awareness.

Competitive Landscape: The market is characterized by active participation from major corporations investing in recycling technologies and expanding facilities. Additionally, they are engaged in strategic partnerships and collaborations for technological and market development.

Challenges and Opportunities: The market faces various challenges, such as the complexity of sorting and processing diverse types of plastics and the economic feasibility of recycling. However, the recent innovation in recycling technologies and the development of new sectors for recycled plastics is creating new opportunities for the market growth.

Recycled Plastics Market Trends:

Heightened environmental concerns across the globe

The rising environmental concerns, particularly regarding plastic pollution and its impact on ecosystems, are an important factor driving the market growth. Furthermore, the alarming rate of plastic waste accumulating in landfills and oceans, leading to increased public awareness and demand for sustainable practices, is contributing to the market growth. In line with this, the enactment of stringent regulations by governments across the globe, such as bans on single-use plastics, mandates for recycling, and targets for incorporating recycled materials in manufacturing, are strengthening the market growth. These regulations not only encourage recycling but also impose penalties for non-compliance, thereby incentivizing companies to adopt recycled plastics. Furthermore, international agreements and collaborations that are putting environmental concerns at the forefront are supporting the market growth.

Growing emphasis on corporate sustainability goals

Corporate sustainability has evolved from a niche interest to a core component of strategic business planning. Companies across various sectors are increasingly recognizing the importance of sustainability, not just as a social responsibility but also as a business imperative. It is largely driven by consumer preferences, shareholder expectations, and the potential long-term cost savings associated with sustainable practices. In line with this, several corporations have set ambitious sustainability goals, including commitments to reduce waste, lower greenhouse gas emissions, and increase the use of recycled materials. Moreover, many prominent consumer goods companies are pledging to make their packaging fully recyclable or to incorporate a certain percentage of recycled plastics in their products, which is further bolstering the market growth.

Rapid technological advancements in the field of plastic recycling

Recent technological advancements that address many of the traditional challenges associated with plastic recycling, such as sorting, contamination, and the degradation of plastic properties after recycling, are boosting the market growth. In line with this, modern recycling facilities employ advanced sorting technologies, like near-infrared (NIR) spectroscopy and artificial intelligence (AI)-powered sorting systems, to efficiently segregate plastics based on type and quality. They have significantly improved the purity and consistency of recycled plastics, making them more suitable for high-quality applications. Furthermore, advancements in mechanical and chemical recycling processes, which have expanded the range of recyclable plastics and enhanced the quality of the recycled output, are catalyzing the market growth.

Escalating consumer demand for recycled plastic

Heightened consumer demand for recycled plastic, fueled by growing environmental awareness and a shift in consumer preferences towards sustainable products, is propelling the market growth. The modern consumer is more informed and conscious about the environmental impact of their purchases. It is compelling companies to adopt eco-friendly practices and materials, including recycled plastics. Furthermore, consumers are increasingly looking for products with sustainable attributes, such as recyclable packaging or products made from recycled materials. It has led to a surge in the number of products boasting eco-friendly features, which, in turn, is stimulating the market growth. Additionally, the rise of social media and digital platforms, making it easier for consumers to access information about products and companies, is strengthening the market growth.

Introduction of economic incentives for recycled plastic

Economic incentives are playing a vital role in the growth of the recycled plastics market. In line with this, the fluctuating cost of virgin plastics, which is closely tied to the volatile oil market, making recycled plastics a more cost-effective alternative, is bolstering the market growth. Furthermore, several governments and international bodies are offering financial incentives to promote recycling. It includes subsidies, tax breaks, or grants for companies that invest in recycling infrastructure or incorporate recycled materials into their products. Moreover, economic incentives reduce the financial barriers to entering the recycled plastics market and encourage investment in recycling technologies and facilities. Additionally, the long-term cost savings associated with using recycled plastics, such as reduced waste disposal fees and potential cost savings in raw materials, making it an attractive option for manufacturers, is favoring the market growth.

Recycled Plastics Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the global and regional levels for 2024-2032. Our report has categorized the market based on plastic type, application, and raw material.

Breakup by Plastic Type:

Polyethylene Terephthalate (PET)

High Density Polyethylene (HDPE)

Polypropylene (PP)

Low Density Polyethylene (LDPE)

Others

Polyethylene terephthalate (PET) accounts for the majority of the market share

The report has provided a detailed breakup and analysis of the market based on the plastic type. This includes polyethylene terephthalate (PET), high density polyethylene (HDPE), polypropylene (PP), low density polyethylene (LDPE), and others. According to the report, polyethylene terephthalate (PET) represented the largest segment.

Polyethylene terephthalate (PET) represents the largest market segment due to its widespread use in packaging materials, such as bottles and containers. It is favored for its strength, lightweight nature, and clarity, making it ideal for packaging beverages, personal care products, and food items. Furthermore, the recycling process for PET is well-established and efficient, allowing for the material to be reused numerous times without significant degradation in quality. Additionally, the growing awareness among consumers and manufacturers about the environmental impact of single-use plastics is acting as another growth-inducing factor.

High density polyethylene (HDPE) is known for its high strength-to-density ratio, making it an ideal material for products that require durability and resistance to moisture, such as milk jugs, detergent bottles, and plastic bags. Its versatility and strength make it a popular choice for both rigid and flexible packaging. Additionally, the recycling process for HDPE involves sorting, cleaning, and reprocessing the plastic into pellets that can be used to manufacture new products.

Polypropylene (PP) is commonly used in packaging, automotive components, textiles, and consumer goods. Its recycling process involves sorting, washing, melting, and remolding into pellets. Furthermore, recycled PP (rPP) has been gaining traction due to its ability to maintain key properties after recycling, making it suitable for a wide range of applications.

Low density polyethylene (LDPE) is primarily used in film applications such as plastic bags, wraps, and films. It is appreciated for its flexibility, transparency, and resistance to moisture. Furthermore, the recycling of LDPE involves processes like collection, sorting, cleaning, and pelletizing, which can then be used to manufacture new plastic film products or molded goods.

Breakup by Application:

Non-Food Contact Packaging

Food Contact Packaging

Construction

Automotive

Others

Non-food contact packaging holds the largest share in the industry

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes non-food contact packaging, food contact packaging, construction, automotive, and others. According to the report, non-food contact packaging accounted for the largest market share.

Non-food contact packaging holds the largest market segment, as it encompasses a wide range of packaging applications that do not directly contact food, such as shipping materials, industrial containers, carry bags, and cosmetic packaging. Its dominance is attributed to the high volume of plastic used in these applications and the growing demand for sustainable packaging solutions across various industries. Furthermore, recycled plastics in non-food contact packaging offer an environmentally friendly alternative to virgin plastics, helping companies reduce their carbon footprint and comply with regulatory standards.

Food contact packaging includes packaging directly in contact with food items, such as beverage bottles, food containers, and trays. The use of recycled plastics in food contact packaging is subject to stringent regulatory standards to ensure safety and prevent contamination. Additionally, manufacturers are increasingly using recycled plastics, particularly recycled PET (rPET), due to its clarity and safety for food contact applications.

The construction segment utilizes recycled plastics in a variety of construction materials, including insulation, pipes, carpeting, and building panels. The attributes of recycled plastics, such as durability, resistance to corrosion, and lightweight nature, make them highly suitable for construction applications. Furthermore, the use of recycled plastics in construction not only contributes to environmental sustainability but also offers practical benefits like cost-effectiveness and enhanced insulation properties.

The automotive segment is driven by the industry's focus on reducing vehicle weight and improving fuel efficiency. Recycled plastics are used in various automotive components such as dashboards, bumpers, door panels, and under-the-hood parts. Furthermore, the use of recycled materials helps automotive manufacturers decrease the environmental impact of their vehicles by reducing the reliance on virgin plastics and lowering the carbon footprint of production.

Breakup by Raw Material:

Plastic Bottles

Plastic Films

Rigid Plastic and Foam

Fibres

Others

Plastic bottles represents the leading market segment

The report has provided a detailed breakup and analysis of the market based on the raw material. This includes plastic bottles, plastic films, rigid plastic and foam, fibres, and others. According to the report, plastic bottles represented the largest segment.

Plastic bottles constitute the largest segment in the recycled plastics market due to the widespread use of plastic bottles in various applications, particularly in beverage packaging. Plastic bottles are predominantly made from PET and HDPE that are highly recyclable and their recycling processes are well-established and efficient. Additionally, beverage companies are increasingly incorporating recycled content into their bottles, owing to the increasing consumer preference and regulatory pressure. Besides this, the technological advancements that have improved the quality and safety of recycled PET (rPET), making it suitable even for food contact applications, are driving the market growth.

Plastic films, including shopping bags, agricultural films, and packaging wraps, represent a significant segment in the recycled plastics market. It primarily involves low-density polyethylene (LDPE) and linear low-density polyethylene (LLDPE) films. Recent advancements in sorting and processing technologies have improved the viability of recycling these materials. Additionally, the growing emphasis on sustainability in the packaging industry is supporting the market growth.

Rigid plastic and foam, encompassing items like containers, caps, and packaging materials, form an essential part of the recycled plastics market. It includes a variety of plastics, such as HDPE, PP, and polystyrene. The recycling of these materials is crucial for reducing landfill waste and environmental pollution. Furthermore, the growing environmental awareness among consumers and businesses, coupled with technological advancements in recycling, is driving the market growth.

Fibres, including textile fibers and industrial fibers, are primarily derived from PET and used in clothing, carpets, and industrial applications. The recycling of plastic into fibers involves converting PET bottles and other PET products into polyester fibers, which are then used in various textile products. Furthermore, the growing demand for recycled fibers is driven by the fashion industry's growing focus on sustainability and the circular economy.

Breakup by Region:

North America

Europe

Asia Pacific

Latin America

Middle East and Africa

Asia Pacific leads the market, accounting for the largest recycled plastics market share

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. According to the report, Asia Pacific accounted for the largest market share.

Asia Pacific holds the largest market segment, driven by several factors, including high population density, rapidly growing economies, and increasing environmental awareness. Additionally, the significant advancements in recycling technologies and infrastructure in the region, partly in response to the vast quantities of plastic waste generated, are contributing to the market growth. Moreover, the imposition of various waste management regulations by regional governments incentivizing recycling initiatives is strengthening the market growth. Besides this, the growing manufacturing sector in the region, which demands recycled plastics as a cost-effective and sustainable raw material, is accelerating the market growth.

In North America, the recycled plastics market is driven by a combination of regulatory pressures, technological advancements, and growing consumer awareness about sustainability. Additionally, the presence of well-established recycling infrastructures and policies in the region promoting the use of recycled materials is favoring the market growth. Moreover, the increasing focus on sustainable packaging solutions and the automotive industry's shift towards lightweight, eco-friendly materials are driving the market growth.

Europe is a significant market for recycled plastics, characterized by stringent environmental regulations and a strong focus on circular economy principles. Additionally, the European Union's policies on waste management, particularly the directives targeting single-use plastics and recycling quotas, are acting as another growth-inducing factor. Moreover, the high consumer demand for sustainable products and packaging, with many companies incorporating recycled plastics to align with consumer preferences, is fueling the market growth.

Latin America's recycled plastics market is growing, influenced by increasing environmental concerns and the development of recycling infrastructure in the region. Additionally, increasing urbanization, rising consumer awareness about plastic pollution, and the gradual implementation of waste management and recycling policies are supporting the market growth. Besides this, the increasing investments in recycling technologies and the imposition of stricter environmental regulations are driving the market growth.

The recycled plastics market in the Middle East and Africa is developing, with countries increasingly recognizing the importance of recycling in sustainable waste management. Furthermore, the growing environmental awareness among the population and the need to diversify economies away from oil dependency is positively impacting the market growth. Moreover, the increasing interest in establishing recycling facilities and adopting sustainable practices is fueling the market growth.

Leading Key Players in the Recycled Plastics Industry:

Major companies are investing in advanced recycling technologies to improve the efficiency and quality of recycled plastics. It includes developing new methods for sorting and processing plastics, as well as investing in chemical recycling techniques that can convert a wider range of plastics back into high-quality raw materials. Furthermore, leading players are expanding their recycling facilities to increase their production capacity and meet the growing demand. Besides this, they are forming partnerships and collaborations with governments, non-governmental organizations (NGOs), and other businesses to enhance their recycling capabilities and develop new applications for recycled plastics.

The market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:

Avangard Innovative

B. Schoenberg & Co., Inc.

Delta Plastics

UltrPET LLC

CarbonLITE Industries

Veolia Environment SA

Suez Recycling & Recovery Holdings

KW Plastics

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Latest News:

In September 2022, WM acquired a controlling interest in Avangard Innovative to rapidly grow and scale its recycling capacity.

In June 2021, CarbonLITE Industries's PET recycling facility in Texas was acquired by Indorama Ventures to expand its recycling capacity.

In February 2022, Evergreen completed the acquisition of UltrePET and Novapet to increase its food-grade PET recycling capacity.

Key Questions Answered in This Report

  • 1. What is the size of the global recycled plastics market?
  • 2. What is the expected growth rate of the global recycled plastics market during 2024-2032?
  • 3. What are the key factors driving the global recycled plastics market?
  • 4. What has been the impact of COVID-19 on the global recycled plastics market?
  • 5. What is the breakup of the global recycled plastics market based on the plastic type?
  • 6. What is the breakup of the global recycled plastics market based on the application?
  • 7. What is the breakup of the global recycled plastics market based on the raw material?
  • 8. What are the key regions in the global recycled plastics market?
  • 9. Who are the key companies/players in the global recycled plastics market?

Table of Contents

1 Preface

2 Scope and Methodology

  • 2.1 Objectives of the Study
  • 2.2 Stakeholders
  • 2.3 Data Sources
    • 2.3.1 Primary Sources
    • 2.3.2 Secondary Sources
  • 2.4 Market Estimation
    • 2.4.1 Bottom-Up Approach
    • 2.4.2 Top-Down Approach
  • 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

  • 4.1 Overview
  • 4.2 Key Industry Trends

5 Global Recycled Plastics Market

  • 5.1 Market Overview
  • 5.2 Market Performance
  • 5.3 Impact of COVID-19
  • 5.4 Market Breakup by Plastic Type
  • 5.5 Market Breakup by Raw Material
  • 5.6 Market Breakup by Application
  • 5.7 Market Breakup by Region
  • 5.8 Market Forecast
  • 5.9 SWOT Analysis
    • 5.9.1 Overview
    • 5.9.2 Strengths
    • 5.9.3 Weaknesses
    • 5.9.4 Opportunities
    • 5.9.5 Threats
  • 5.10 Value Chain Analysis
    • 5.10.1 Overview
    • 5.10.2 Research and Development
    • 5.10.3 Raw Material Procurement
    • 5.10.4 Manufacturing
    • 5.10.5 Distribution
    • 5.10.6 Export
    • 5.10.7 End-Use
  • 5.11 Porters Five Forces Analysis
    • 5.11.1 Overview
    • 5.11.2 Bargaining Power of Buyers
    • 5.11.3 Bargaining Power of Suppliers
    • 5.11.4 Degree of Competition
    • 5.11.5 Threat of New Entrants
    • 5.11.6 Threat of Substitutes

6 Market Breakup by Plastic Type

  • 6.1 Polyethylene Terephthalate (PET)
    • 6.1.1 Market Trends
    • 6.1.2 Market Forecast
  • 6.2 High Density Polyethylene (HDPE)
    • 6.2.1 Market Trends
    • 6.2.2 Market Forecast
  • 6.3 Polypropylene (PP)
    • 6.3.1 Market Trends
    • 6.3.2 Market Forecast
  • 6.4 Low Density Polyethylene (LDPE)
    • 6.4.1 Market Trends
    • 6.4.2 Market Forecast
  • 6.5 Others
    • 6.5.1 Market Trends
    • 6.5.2 Market Forecast

7 Market Breakup by Raw Material

  • 7.1 Plastic Bottles
    • 7.1.1 Market Trends
    • 7.1.2 Market Forecast
  • 7.2 Plastic Films
    • 7.2.1 Market Trends
    • 7.2.2 Market Forecast
  • 7.3 Rigid Plastic and Foam
    • 7.3.1 Market Trends
    • 7.3.2 Market Forecast
  • 7.4 Fibres
    • 7.4.1 Market Trends
    • 7.4.2 Market Forecast
  • 7.5 Others
    • 7.5.1 Market Trends
    • 7.5.2 Market Forecast

8 Market Breakup by Application

  • 8.1 Non-Food Contact Packaging
    • 8.1.1 Market Trends
    • 8.1.2 Market Forecast
  • 8.2 Food Contact Packaging
    • 8.2.1 Market Trends
    • 8.2.2 Market Forecast
  • 8.3 Construction
    • 8.3.1 Market Trends
    • 8.3.2 Market Forecast
  • 8.4 Automotive
    • 8.4.1 Market Trends
    • 8.4.2 Market Forecast
  • 8.5 Others
    • 8.5.1 Market Trends
    • 8.5.2 Market Forecast

9 Market Breakup by Region

  • 9.1 North America
    • 9.1.1 Market Trends
    • 9.1.2 Market Forecast
  • 9.2 Europe
    • 9.2.1 Market Trends
    • 9.2.2 Market Forecast
  • 9.3 Asia Pacific
    • 9.3.1 Market Trends
    • 9.3.2 Market Forecast
  • 9.4 Latin America
    • 9.4.1 Market Trends
    • 9.4.2 Market Forecast
  • 9.5 Middle East and Africa
    • 9.5.1 Market Trends
    • 9.5.2 Market Forecast

10 Recycled Plastics Manufacturing Process

  • 10.1 Product Overview
  • 10.2 Raw Material Requirements
  • 10.3 Manufacturing Process
  • 10.4 Key Success and Risk Factors

11 Competitive Landscape

  • 11.1 Market Structure
  • 11.2 Key Players
  • 11.3 Profiles of Key Players
    • 11.3.1 Avangard Innovative
    • 11.3.2 B. Schoenberg & Co., Inc.
    • 11.3.3 Delta Plastics
    • 11.3.4 UltrPET LLC
    • 11.3.5 CarbonLITE Industries
    • 11.3.6 Veolia Environment SA
    • 11.3.7 Suez Recycling & Recovery Holdings
    • 11.3.8 KW Plastics