Recycled Plastics Market Size, Share & Trends Report

Recycled Plastics Market Size, Share & Trends Analysis Report By Product (Polyethylene, Polyethylene Terephthalate, Polypropylene, Polyvinyl Chloride, Polystyrene), By Source, By Application, By Region, And Segment Forecasts, 2024 - 2030

Report ID: GVR-4-68039-043-5
Number of Pages: 120
Format: Electronic (PDF)

Historical Range: 2018 - 2022
Industry: Bulk Chemicals

Market Segmentation

Recycled Plastics Product Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- Polyethylene
- Polyethylene Terephthalate
- Polypropylene
- Polyvinyl Chloride
- Polystyrene
- Other Products
Recycled Plastics Source Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- Plastic Bottles
- Plastic Films
- Polymer Foam
- Other Sources
Recycled Plastics Application Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- Plastic Bottles
- Plastic Films
- Polymer Foam
- Other Applications
Recycled Plastics Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)
- North America
  - North America Recycled Plastics Market, By Product
    - Polyethylene
    - Polyethylene Terephthalate
    - Polypropylene
    - Polyvinyl Chloride
    - Polystyrene
    - Other Products
  - North America Recycled Plastics Market, By Source
    - Plastic Bottles
    - Plastic Films
    - Polymer Foam
    - Others
  - North America Recycled Plastics Market, By Application
    - Building & Construction
    - Packaging
    - Electrical & Electronics
    - Textiles
    - Automotive
    - Others
  - U.S.
    - U.S. Recycled Plastics Market, By Product
      - Polyethylene
      - Polyethylene Terephthalate
      - Polypropylene
      - Polyvinyl Chloride
      - Polystyrene
      - Other products
    - U.S. Recycled Plastics Market, By Source
      - Plastic Bottles
      - Plastic Films
      - Polymer Foam
      - Other sources
    - U.S. Recycled plastics Market, By Application
      - Building & Construction
      - Packaging
      - Electrical & Electronics
      - Textiles
      - Automotive
      - Other Applications
  - Canada
    - Canada Recycled Plastics Market, By Product
      - Polyethylene
      - Polyethylene Terephthalate
      - Polypropylene
      - Polyvinyl Chloride
      - Polystyrene
      - Others
    - Canada Recycled Plastics Market, By Source
      - Plastic Bottles
      - Plastic Films
      - Polymer Foam
      - Others
    - Canada Recycled Plastics Market, By Application
      - Building & Construction
      - Packaging
      - Electrical & Electronics
      - Textiles
      - Automotive
      - Others
  - Mexico
    - Mexico Recycled Plastics Market, By Product
      - Polyethylene
      - Polyethylene Terephthalate
      - Polypropylene
      - Polyvinyl Chloride
      - Polystyrene
      - Other products
    - Mexico Recycled Plastics Market, By Source
      - Plastic Bottles
      - Plastic Films
      - Polymer Foam
      - Other sources
    - Mexico Recycled Plastics Market, By Application
      - Building & Construction
      - Packaging
      - Electrical & Electronics
      - Textiles
      - Automotive
      - Other application
- Europe
  - Europe Recycled Plastics Market, By Product
    - Polyethylene
    - Polyethylene Terephthalate
    - Polypropylene
    - Polyvinyl Chloride
    - Polystyrene
    - Other products
  - Europe Recycled Plastics Market, By Source
    - Plastic Bottles
    - Plastic Films
    - Polymer Foam
    - Other sources
  - Europe Recycled Plastics Market, By Application
    - Building & Construction
    - Packaging
    - Electrical & Electronics
    - Textiles
    - Automotive
    - Other applications
  - Germany
    - Germany Recycled Plastics Market, By Product
      - Polyethylene
      - Polyethylene Terephthalate
      - Polypropylene
      - Polyvinyl Chloride
      - Polystyrene
      - Other products
    - Germany Recycled Plastics Market, By Source
      - Plastic Bottles
      - Plastic Films
      - Polymer Foam
      - Other sources
    - Germany Recycled Plastics Market, By Application
      - Building & Construction
      - Packaging
      - Electrical & Electronics
      - Textiles
      - Automotive
      - Other applications
  - UK
    - UK Recycled Plastics Market, By Product
      - Polyethylene
      - Polyethylene Terephthalate
      - Polypropylene
      - Polyvinyl Chloride
      - Polystyrene
      - Other products
    - UK Recycled Plastics Market, By Source
      - Plastic Bottles
      - Plastic Films
      - Polymer Foam
      - Other sources
    - UK Recycled Plastics Market, By Application
      - Building & Construction
      - Packaging
      - Electrical & Electronics
      - Textiles
      - Automotive
      - Other application
  - France
    - France Recycled Plastics Market, By Product
      - Polyethylene
      - Polyethylene Terephthalate
      - Polypropylene
      - Polyvinyl Chloride
      - Polystyrene
      - Other products
    - France Recycled Plastics Market, By Source
      - Plastic Bottles
      - Plastic Films
      - Polymer Foam
      - Other sources
    - France Recycled Plastics Market, By Application
      - Building & Construction
      - Packaging
      - Electrical & Electronics
      - Textiles
      - Automotive
      - Other applications
  - Italy
    - Italy Recycled Plastics Market, By Product
      - Polyethylene
      - Polyethylene Terephthalate
      - Polypropylene
      - Polyvinyl Chloride
      - Polystyrene
      - Other products
    - Italy Recycled Plastics Market, By Source
      - Plastic Bottles
      - Plastic Films
      - Polymer Foam
      - Other sources
    - Italy Recycled Plastics Market, By Application
      - Building & Construction
      - Packaging
      - Electrical & Electronics
      - Textiles
      - Automotive
      - Other application
- Asia Pacific
  - Asia Pacific Recycled Plastics Market, By Product
    - Polyethylene
    - Polyethylene Terephthalate
    - Polypropylene
    - Polyvinyl Chloride
    - Polystyrene
    - Other products
  - Asia Pacific Recycled Plastics Market, By Source
    - Plastic Bottles
    - Plastic Films
    - Polymer Foam
    - Other sources
  - Asia Pacific Recycled Plastics Market, By Application
    - Building & Construction
    - Packaging
    - Electrical & Electronics
    - Textiles
    - Automotive
    - Other applications
  - China
    - China Recycled Plastics Market, By Product
      - Polyethylene
      - Polyethylene Terephthalate
      - Polypropylene
      - Polyvinyl Chloride
      - Polystyrene
      - Other products
    - China Recycled Plastics Market, By Source
      - Plastic Bottles
      - Plastic Films
      - Polymer Foam
      - Other sources
    - China Recycled Plastics Market, By Application
      - Building & Construction
      - Packaging
      - Electrical & Electronics
      - Textiles
      - Automotive
      - Other applications
  - India
    - India Recycled Plastics Market, By Product
      - Polyethylene
      - Polyethylene Terephthalate
      - Polypropylene
      - Polyvinyl Chloride
      - Polystyrene
      - Other products
    - India Recycled Plastics Market, By Source
      - Plastic Bottles
      - Plastic Films
      - Polymer Foam
      - Other sources
    - India Recycled Plastics Market, By Application
      - Building & Construction
      - Packaging
      - Electrical & Electronics
      - Textiles
      - Automotive
      - Other applications
  - Japan
    - Japan Recycled Plastics Market, By Product
      - Polyethylene
      - Polyethylene Terephthalate
      - Polypropylene
      - Polyvinyl Chloride
      - Polystyrene
      - Other products
    - Japan Recycled Plastics Market, By Source
      - Plastic Bottles
      - Plastic Films
      - Polymer Foam
      - Other sources
    - Japan Recycled Plastics Market, By Application
      - Building & Construction
      - Packaging
      - Electrical & Electronics
      - Textiles
      - Automotive
      - Other applications
- Southeast Asia
  - Southeast Asia Recycled Plastics Market, By Product
    - Polyethylene
    - Polyethylene Terephthalate
    - Polypropylene
    - Polyvinyl Chloride
    - Polystyrene
    - Other products
  - Southeast Asia Recycled Plastics Market, By Source
    - Plastic Bottles
    - Plastic Films
    - Polymer Foam
    - Other sources
  - Southeast Asia Recycled Plastics Market, By Application
    - Building & Construction
    - Packaging
    - Electrical & Electronics
    - Textiles
    - Automotive
    - Other applications
  - Malaysia
    - Malaysia Recycled Plastics Market, By Product
      - Polyethylene
      - Polyethylene Terephthalate
      - Polypropylene
      - Polyvinyl Chloride
      - Polystyrene
      - Other products
    - Malaysia Recycled Plastics Market, By Source
      - Plastic Bottles
      - Plastic Films
      - Polymer Foam
      - Other sources
    - Malaysia Recycled Plastics Market, By Application
      - Building & Construction
      - Packaging
      - Electrical & Electronics
      - Textiles
      - Automotive
      - Other applications
  - Indonesia
    - Indonesia Recycled Plastics Market, By Product
      - Polyethylene
      - Polyethylene Terephthalate
      - Polypropylene
      - Polyvinyl Chloride
      - Polystyrene
      - Other products
    - Indonesia Recycled Plastics Market, By Source
      - Plastic Bottles
      - Plastic Films
      - Polymer Foam
      - Other sources
    - Indonesia Recycled Plastics Market, By Application
      - Building & Construction
      - Packaging
      - Electrical & Electronics
      - Textiles
      - Automotive
      - Other applications
  - Thailand
    - Thailand Recycled Plastics Market, By Product
      - Polyethylene
      - Polyethylene Terephthalate
      - Polypropylene
      - Polyvinyl Chloride
      - Polystyrene
      - Other products
    - Thailand Recycled Plastics Market, By Source
      - Plastic Bottles
      - Plastic Films
      - Polymer Foam
      - Other sources
    - Thailand Recycled Plastics Market, By Application
      - Building & Construction
      - Packaging
      - Electrical & Electronics
      - Textiles
      - Automotive
      - Other applications
- Central & South America
  - Central & South America Recycled Plastics Market, By Product
    - Polyethylene
    - Polyethylene Terephthalate
    - Polypropylene
    - Polyvinyl Chloride
    - Polystyrene
    - Other products
  - Central & South America Recycled Plastics Market, By Source
    - Plastic Bottles
    - Plastic Films
    - Polymer Foam
    - Other sources
  - Central & South America Recycled Plastics Market, By Application
    - Building & Construction
    - Packaging
    - Electrical & Electronics
    - Textiles
    - Automotive
    - Other applications
  - Brazil
    - Brazil Recycled Plastics Market, By Product
      - Polyethylene
      - Polyethylene Terephthalate
      - Polypropylene
      - Polyvinyl Chloride
      - Polystyrene
      - Other products
    - Brazil Recycled Plastics Market, By Source
      - Plastic Bottles
      - Plastic Films
      - Polymer Foam
      - Other sources
    - Brazil Recycled Plastics Market, By Application
      - Building & Construction
      - Packaging
      - Electrical & Electronics
      - Textiles
      - Automotive
      - Other applications
- Middle East & Africa
  - Middle East & Africa Recycled Plastics Market, By Product
    - Polyethylene
    - Polyethylene Terephthalate
    - Polypropylene
    - Polyvinyl Chloride
    - Polystyrene
    - Other products
  - Middle East & Africa Recycled Plastics Market, By Source
    - Plastic Bottles
    - Plastic Films
    - Polymer Foam
    - Other sources
  - Middle East & Africa Recycled Plastics Market, By Application
    - Building & Construction
    - Packaging
    - Electrical & Electronics
    - Textiles
    - Automotive
    - Other applications
  - Saudi Arabia
    - Saudi Arabia Recycled Plastics Market, By Product
      - Polyethylene
      - Polyethylene Terephthalate
      - Polypropylene
      - Polyvinyl Chloride
      - Polystyrene
      - Other products
    - Saudi Arabia Recycled Plastics Market, By Source
      - Plastic Bottles
      - Plastic Films
      - Polymer Foam
      - Other sources
    - Saudi Arabia Recycled Plastics Market, By Application
      - Building & Construction
      - Packaging
      - Electrical & Electronics
      - Textiles
      - Automotive
      - Other applications

Recycled Plastics Market Dynamics

Drivers: Growing Use Of Recycled Plastic Products

Increasing concerns related to plastic pollution, harmful emissions with the use of petrochemicals, and depleting crude oil reserves have been driving the demand for recycled plastics. Government regulations restricting the consumption of petro-based plastics and implementation of taxes on using non-recycled packaging products are expected to incentivize the production of recycled plastics. With rising concerns over the use of plastics, an increase in demand for alternatives to conventional plastics has been observed in the market. With the pace of innovation and development, manufacturers in the market are shifting their focus toward the use of recycled plastics as these reduce the carbon footprint associated with the manufacturing process. Companies are continuously developing product lines using recycled materials to address the concerns regarding the toxic effects of plastic waste. A large number of small- and medium-scale businesses have committed to using recycled or sustainably sourced materials by a specific time frame. The global production of recycled plastic materials is mainly from Asia Pacific & Southeast Asia, North America, and Europe. The increasing usage of recycled plastics in many industries such as textiles, automotive, packaging, electrical & electronics, and building & construction is anticipated to increase the demand for recycled plastics across the globe.

Shift In Preferences Toward Recycled Plastic Packaging And Strict Government Regulations

Unlike conventional plastics, plastic recycling not only helps reduce landfill waste and pollution in water bodies such as rivers and oceans but also helps reduce the dependence on conventionally produced plastic resins. According to an article published by the National Geographic Society, the global plastic recycling rate is 9% and the rest of the plastic waste generated globally ends up polluting the rivers, landfills, and improper dumping. Rising plastic waste accumulation, it's recycling and reuse are the major concerns for governments across the globe. The non-recycled plastic accumulates over time and results in a severe impact on native organisms. To curb and prevent these adverse effects caused by plastic waste accumulation, the European Union and its member countries have adopted a circular economy. The main purpose of implementing the circular economy is to increase plastic waste recycling and adoption of 100% recycled plastic in the packaging industry in the European region specifically in European Union member countries.

Restraints: Cost Competitiveness And Availability Of Conventional Plastics Over Recycled Plastics

Even though recycled plastics are gaining popularity all over the world, the growth of recycled plastics is not free from hindrances. The main restraint of the market is the higher cost of recycled plastics to the end user as compared to that of conventional plastics. Production of recycled plastics requires machinery & equipment and most importantly plastic waste collection services, which act as a fixed cost and cannot be altered in the most optimistic situation. On the other hand, the cost associated with conventional plastic resin production depends largely on global crude oil prices. Apart from the cost, the lack of infrastructure, such as waste collection and recycling facilities, is an uphill challenge. Before China banned the imports of plastic waste, North American and European countries were dependent on China for recycling plastic waste. Approximately, 85% of plastic was exported by European and North American countries in the Asia Pacific region. Even though there is a fixed production cost for recycled plastics, the willingness to pay for its consumption is rising due to its value-added advantages coupled with environmentally clean benefits.

What Does This Report Include?

This section will provide insights into the contents included in this recycled plastics market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Recycled plastics market qualitative analysis

Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
- Company overview
- Financial performance
- Product benchmarking
- Latest strategic developments

Smart home market quantitative analysis

Market size, estimates, and forecast from 2018 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance

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