Post-consumer Recycled Plastics In Consumer Electronics Market Size, Share & Trends Analysis Report By Source (Non-bottle Rigid, Bottles), By Type, By Application (LCD Panels, Wearables), By Region, And Segment Forecasts, 2023 - 2033

Report Overview

The global post-consumer recycled plastics in consumer electronics market size was estimated at USD 12.92 million in 2022 and is expected to grow at a compound annual growth rate(CAGR) of 10.5% from 2023 to 2033. The market is poised for growth due to the increasing adoption of post-consumer recycled plastic resins in the production of consumer electronics. The rapidly increasing amount of e-waste is a major global concern and is being addressed by various countries. Numerous companies have adopted the use of post-consumer recycled plastics to manufacture their electronic products and have included them as a part of their sustainability goal. In addition, a rising number of environmental conservation awareness programs are being carried out, keeping both consumers and electronic device manufacturers well-informed regarding the rapid growth of e-waste.

The presence of several consumer electronics companies, such as Dell Inc., HP Development Company, L.P., and Apple Inc., in the country is significantly driving the demand for post-consumer recycled plastics in the U.S. For instance, as per the annual report 2022, HP Development Company plans to utilize 30% post-consumer recycled plastic content across their personal systems and print product portfolio by 2025.

Furthermore, the increasing demand for wearables is further anticipated to positively influence the demand for post-consumer recycled plastics in the country. The rising prevalence of obesity and other chronic diseases has led to the adoption of wearable electronics, such as body monitors and activity trackers, which offer real-time information about overall health.

Wearable electronics offer information regarding blood pressure, oxygen levels, quality and quantity of sleep, calorie intake, cholesterol levels, heartbeat monitoring, and other information, that helps track overall health. Moreover, increasing demand for appliances & white goods, LCD panels, portable hand-held devices, mobile phone bodies, and other applications is expected to fuel the product demand over the forecast period.

Source Insights

The non-bottle rigid source segment led the market and accounted for a revenue share of over 88.0% in 2022. The non-bottle rigid plastic recycling has witnessed significant growth in recent years with an increase in the purchase of difficult-to-recycle commodities, such as mixed resin rigid bales by exporters, along with the growth in recovery and manufacturing of these commodities across the globe.

During the recycling process of plastic bottles, majorly driven resins include Polyethylene Terephthalate(PET) and High-density Polyethylene (HDPE). HDPE is used for the manufacturing of mobile phones and laptop cases owing to its low weight and high durability. Furthermore, the rising demand for electronics, including mobile phones and laptops, has positively influenced the demand for plastic bottles as raw materials for post-consumer recycled plastics.

Type Insights

The polycarbonate (PC) type segment led the market and accounted for a revenue share of over 56.0% in 2022. Post-consumer recycled PCresins have properties, such as higher toughness & impact strength, light transmittance, protection from ultraviolet (UV) radiations, and chemical & heat resistance, making them suitable for use in electrical & electronic device components, such as television frames, mobile cases, and electrical housing. Recycled PC/ABS blend offers high heat resistance, impact strength, flexibility, improved processing, and biocompatibility, making it suitable for producing electronic housings for devices.

This has propelled the demand for post-consumer recycled PC/ABS across the electrical & electronics industry and the market is expected to grow over the forecast period. Post-consumer recycled PET resin offers mechanical, thermal, and chemical resistance and dimensional stability, similar to PET resin. In addition, it is ideal for manufacturing TV frames and laptop enclosures owing to its properties, such as stiffness, high impact capability, shatter resistance, hot filling capability, as well as its role as an excellent barrier to moisture, water, and gas.

Application Insights

The laptop monitor enclosures segment led the market and accounted for a revenue share of over 24.0% in 2022. Increasing demand for durable and long-lasting television devices has propelled the demand for post-consumer recycled plastic resins from the television manufacturers. PCR-based PC/ABS blends have gained popularity in the manufacturing of TV enclosures and other computer peripherals due to their higher impact and thermal resistance.

Growing emphasis on sustainability and progressive efforts to reduce carbon footprint by various consumer electronics manufacturers have augmented the demand for post-consumer recycled plastic resins in recent years. Laptop manufacturers such as Lenovo manufactures notebooks, desktops, workstation, monitors, and other accessories using post-consumer recycled plastic resins. This increasing adoption of post-consumer recycled plastic resins is expected to continue over the forecast period.

Increasing concerns related to plastic waste, such as environmental depletion, climatic changes, and biodiversity loss, are a major challenge among mobile phone manufacturers across the globe. In addition, the rising competitive environment due to the high purchasing power of consumers across major economies and rising disposable incomes of the middle-income groups are the keygrowth drivers of the mobile phone market. Factors, such as technological advancements and rising disposable income, have augmented the global television sales.

Regional Insights

Asia Pacific dominated the market and accounted for a revenue share of over 64.0% in 2022. The North America regional market is characterized by the presence of several players present across the market, such as SABIC, BASF SE, MBA Polymers, Inc., Trinseo, and Covestro AG. Increasing demand for post-consumer recycled plastics in various consumer electronics applications, such as TV frames, laptop monitor enclosures, LCD panels, portable hand-held devices, wearables, mobile phone bodies, appliances & white goods, and others, is fueling the market growth in the region.

Factors, such as increasing concerns over landfill, reduced carbon footprint, regulatory framework, and inclination of consumers toward sustainable products, are anticipated to fuel the demand for post-consumer recycled plastics in consumer electronics applications over the forecast period. The National Waste & Recycling Association, Waste360, Association of Plastic Recyclers (APR), NAPCOR, and Solid Waste Association of North America are working to create awareness regarding plastic waste recycling in the region.

Key Companies & Market Share Insights

Major players have integrated their raw material production and distribution operations, ensuring product quality and expanding their regional presence. This strategic move grants them a competitive edge by lowering costs and boosting profit margins. To remain at the forefront, these companies are actively engaging in research and development, creating innovative products that meet evolving market demands and end-user requirements.

In August 2020, LAVERGNE, Inc. developed white-colored post-consumer recycled plastic technology, contrary to the standard black/dark colored PCR plastic made from 75% PCR Acrylonitrile Butadiene Styrene (ABS) for manufacturers in electronics industries for the continuous advancement in their plastic technology.Research activities focused on new materials, which combine several properties, are projected to gain wide acceptance in this industry in the coming years. Some of the prominent companies in the global post-consumer recycled plastics in consumer electronics market include:

• BASF SE

• SABIC

• Covestro AG

• Trinseo

• MBA Polymers, Inc.

• INESO Styrolution Group GmbH

• LAVERGNE, Inc.

• PolyVisions

Post-consumer Recycled Plastics In Consumer Electronics Market Report Scope

Global Post-consumer Recycled Plastics In Consumer Electronics Market Report Segmentation

This report forecasts revenue and volume growth at global, regional, and country levels and provides an analysis of the latest trends in each of the sub-segments from 2018 to 2033. For this study, Grand View Research has segmented the post-consumer recycled plastics in consumer electronics market report on the basis of source, type, application, and region:

• Source Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2033)

  • Non-bottle Rigid

  • Bottles

  • Others

• Type Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2033)

  • Polycarbonate (PC)

  • Polycarbonate/Acrylonitrile Butadiene Styrene (PC/ABS)

  • Polyethylene Terephthalate (PET)

  • Polystyrene (PS)

  • Polypropylene (PP)

  • Acrylonitrile Butadiene Styrene (ABS)

• Application Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2033)

  • TV Frames

  • Laptop Monitor Enclosures

  • LCD Panels

  • Portable Hand-held Devices

  • Wearables

  • Mobile Phone Bodies

  • Appliances & White Goods

  • Others

• Regional Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2033)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • U.K.

    • France

    • Italy

    • The Netherlands

    • Spain

    • Turkey

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Australia

    • Indonesia

    • Thailand

    • Vietnam

  • Central & South America

    • Brazil

    • Argentina

  • Middle East & Africa

    • Saudi Arabia

    • United Arab Emirates (UAE)

    • South Africa