Market Overview

The global post-consumer recycled plastics market is thoroughly examined in this study, which also includes estimates for 2024 and 2031 as well as historical market data from 2019 to 2022. With a compound annual growth rate (CAGR) of 4.9% over the forecast period, the market is expected to reach a valuation of USD 69,200 million by 2031 from an estimated USD 47,010 million in 2023. This expansion emphasises the significance of technical advancements in the industry and the rising need for sophisticated data management systems.

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Market Dynamics

Due to stricter laws governing plastic trash, more environmental consciousness, and an increase in demand for sustainable materials across a range of industries, the global post-consumer recycled plastics market is expanding quickly. Used plastic products, including bottles, containers, and packaging, are gathered, processed, and used to create new plastic products. These products are known as post-consumer recycled (PCR) plastics. The global movement to reduce plastic waste, conserve natural resources, and accomplish the objectives of the circular economy is driving the industry. In order to satisfy sustainability goals and adhere to changing regulations, industries such as packaging, automotive, construction, and textiles are increasingly using PCR plastics in their products.

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Segments-

By Type:
Rigid Plastics
Flexible Plastics
Others

Rigid and flexible plastics make up the majority of the global post-consumer recycled plastics market's By Type category. The most often recycled plastic products are containers, bottles, and packaging materials, all of which use rigid plastics. These plastics make up a sizable portion of the PCR plastics industry since they are simpler to gather, sift, and process. However, because they are thinner and more bendable, flexible plastics—which are utilised in products like plastic films, bags, and wraps—present greater recycling issues. However, flexible plastics are increasingly being processed to produce high-quality PCR plastics due to developments in recycling technology, enhancing their potential usage across a range of sectors.

Key Players

Veolia,Suez Recycling & Recovery,Waste Management, Inc.,BASF SE,Dow Inc.,LyondellBasell,Industries,Covestro AG,Berry Global Group, Inc.,ExxonMobil Chemical,Clean,Harbors,Encina Development Group,Plastipak Packaging, Inc.,The Coca-Cola Company,Unilever,Nestl�

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