Recycled Plastics Market Size, Share & Trends Report

Recycled Plastics Market Size, Share & Trends Analysis By Product (Polyethylene, Polyethylene Terephthalate, Polypropylene, Polyvinyl Chloride, Polystyrene), By Source, By Application, By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: GVR-4-68039-043-5
  • Number of Pages: 110
  • Format: Electronic (PDF)

Market Segmentation

  • Recycled Plastics Product Type Outlook (Volume, Kilotons; Revenue, USD Million; 2019 - 2030)
    • Polyethylene
    • Polyethylene Terephthalate
    • Polypropylene
    • Polyvinyl Chloride
    • Polystyrene
    • Others
  • Recycled Plastics Source industry Outlook (Volume, Kilotons; Revenue, USD Million; 2019 - 2030)
    • Plastic Bottles
    • Plastic Films
    • Polymer Foam
    • Others
  • Recycled Plastics Application industry Outlook (Volume, Kilotons; Revenue, USD Million; 2019 - 2030)
    • Building & Construction
    • Packaging
    • Electrical & Electronics
    • Textiles
    • Automotive
    • Others
  • Recycled Plastics Regional Outlook (Volume, Kilotons; Revenue, USD Million; 2019 - 2030)
    • North America
      • North America Recycled Plastics Market, By Product Type
        • Polyethylene
        • Polyethylene Terephthalate
        • Polypropylene
        • Polyvinyl Chloride
        • Polystyrene
        • Others
      • North America Recycled Plastics Market, By Source industry
        • Plastic Bottles
        • Plastic Films
        • Polymer Foam
        • Others
      • North America Recycled Plastics Market, By Application industry
        • Building & Construction
        • Packaging
        • Electrical & Electronics
        • Textiles
        • Automotive
        • Others
      • U.S.
        • U.S. Recycled Plastics Market, By Product Type
          • Polyethylene
          • Polyethylene Terephthalate
          • Polypropylene
          • Polyvinyl Chloride
          • Polystyrene
          • Others
        • U.S. Recycled Plastics Market, By Source industry
          • Plastic Bottles
          • Plastic Films
          • Polymer Foam
          • Others
        • U.S. Recycled plastics Market, By Application industry
          • Building & Construction
          • Packaging
          • Electrical & Electronics
          • Textiles
          • Automotive
          • Others
      • Canada
        • Canada Recycled Plastics Market, By Product Type
          • Polyethylene
          • Polyethylene Terephthalate
          • Polypropylene
          • Polyvinyl Chloride
          • Polystyrene
          • Others
        • Canada Recycled Plastics Market, By Source industry
          • Plastic Bottles
          • Plastic Films
          • Polymer Foam
          • Others
        • Canada Recycled Plastics Market, By Application industry
          • Building & Construction
          • Packaging
          • Electrical & Electronics
          • Textiles
          • Automotive
          • Others
      • Mexico
        • Mexico Recycled Plastics Market, By Product Type
          • Polyethylene
          • Polyethylene Terephthalate
          • Polypropylene
          • Polyvinyl Chloride
          • Polystyrene
          • Others
        • Mexico Recycled Plastics Market, By Source industry
          • Plastic Bottles
          • Plastic Films
          • Polymer Foam
          • Others
        • Mexico Recycled Plastics Market, By Application industry
          • Building & Construction
          • Packaging
          • Electrical & Electronics
          • Textiles
          • Automotive
          • Others
    • Europe
      • Europe Recycled Plastics Market, By Product Type
        • Polyethylene
        • Polyethylene Terephthalate
        • Polypropylene
        • Polyvinyl Chloride
        • Polystyrene
        • Others
      • Europe Recycled Plastics Market, By Source industry
        • Plastic Bottles
        • Plastic Films
        • Polymer Foam
        • Others
      • Europe Recycled Plastics Market, By Application industry
        • Building & Construction
        • Packaging
        • Electrical & Electronics
        • Textiles
        • Automotive
        • Others
      • Germany
        • Germany Recycled Plastics Market, By Product Type
          • Polyethylene
          • Polyethylene Terephthalate
          • Polypropylene
          • Polyvinyl Chloride
          • Polystyrene
          • Others
        • Germany Recycled Plastics Market, By Source industry
          • Plastic Bottles
          • Plastic Films
          • Polymer Foam
          • Others
        • Germany Recycled Plastics Market, By Application industry
          • Building & Construction
          • Packaging
          • Electrical & Electronics
          • Textiles
          • Automotive
          • Others
      • U.K.
        • U.K. Recycled Plastics Market, By Product Type
          • Polyethylene
          • Polyethylene Terephthalate
          • Polypropylene
          • Polyvinyl Chloride
          • Polystyrene
          • Others
        • U.K. Recycled Plastics Market, By Source industry
          • Plastic Bottles
          • Plastic Films
          • Polymer Foam
          • Others
        • U.K. Recycled Plastics Market, By Application industry
          • Building & Construction
          • Packaging
          • Electrical & Electronics
          • Textiles
          • Automotive
          • Others
      • France
        • France Recycled Plastics Market, By Product Type
          • Polyethylene
          • Polyethylene Terephthalate
          • Polypropylene
          • Polyvinyl Chloride
          • Polystyrene
          • Others
        • France Recycled Plastics Market, By Source industry
          • Plastic Bottles
          • Plastic Films
          • Polymer Foam
          • Others
        • France Recycled Plastics Market, By Application industry
          • Building & Construction
          • Packaging
          • Electrical & Electronics
          • Textiles
          • Automotive
          • Others
      • Italy
        • Italy Recycled Plastics Market, By Product Type
          • Polyethylene
          • Polyethylene Terephthalate
          • Polypropylene
          • Polyvinyl Chloride
          • Polystyrene
          • Others
        • Italy Recycled Plastics Market, By Source industry
          • Plastic Bottles
          • Plastic Films
          • Polymer Foam
          • Others
        • Italy Recycled Plastics Market, By Application industry
          • Building & Construction
          • Packaging
          • Electrical & Electronics
          • Textiles
          • Automotive
          • Others
    • Asia Pacific
      • Asia Pacific Recycled Plastics Market, By Product Type
        • Polyethylene
        • Polyethylene Terephthalate
        • Polypropylene
        • Polyvinyl Chloride
        • Polystyrene
        • Others
      • Asia Pacific Recycled Plastics Market, By Source industry
        • Plastic Bottles
        • Plastic Films
        • Polymer Foam
        • Others
      • Asia Pacific Recycled Plastics Market, By Application industry
        • Building & Construction
        • Packaging
        • Electrical & Electronics
        • Textiles
        • Automotive
        • Others
      • China
        • China Recycled Plastics Market, By Product Type
          • Polyethylene
          • Polyethylene Terephthalate
          • Polypropylene
          • Polyvinyl Chloride
          • Polystyrene
          • Others
        • China Recycled Plastics Market, By Source industry
          • Plastic Bottles
          • Plastic Films
          • Polymer Foam
          • Others
        • China Recycled Plastics Market, By Application industry
          • Building & Construction
          • Packaging
          • Electrical & Electronics
          • Textiles
          • Automotive
          • Others
      • India
        • India Recycled Plastics Market, By Product Type
          • Polyethylene
          • Polyethylene Terephthalate
          • Polypropylene
          • Polyvinyl Chloride
          • Polystyrene
          • Others
        • India Recycled Plastics Market, By Source industry
          • Plastic Bottles
          • Plastic Films
          • Polymer Foam
          • Others
        • India Recycled Plastics Market, By Application industry
          • Building & Construction
          • Packaging
          • Electrical & Electronics
          • Textiles
          • Automotive
          • Others
      • Japan
        • Japan Recycled Plastics Market, By Product Type
          • Polyethylene
          • Polyethylene Terephthalate
          • Polypropylene
          • Polyvinyl Chloride
          • Polystyrene
          • Others
        • Japan Recycled Plastics Market, By Source industry
          • Plastic Bottles
          • Plastic Films
          • Polymer Foam
          • Others
        • Japan Recycled Plastics Market, By Application industry
          • Building & Construction
          • Packaging
          • Electrical & Electronics
          • Textiles
          • Automotive
          • Others
    • Southeast Asia
      • Southeast Asia Recycled Plastics Market, By Product Type
        • Polyethylene
        • Polyethylene Terephthalate
        • Polypropylene
        • Polyvinyl Chloride
        • Polystyrene
        • Others
      • Southeast Asia Recycled Plastics Market, By Source industry
        • Plastic Bottles
        • Plastic Films
        • Polymer Foam
        • Others
      • Southeast Asia Recycled Plastics Market, By Application industry
        • Building & Construction
        • Packaging
        • Electrical & Electronics
        • Textiles
        • Automotive
        • Others
      • Malaysia
        • Malaysia Recycled Plastics Market, By Product Type
          • Polyethylene
          • Polyethylene Terephthalate
          • Polypropylene
          • Polyvinyl Chloride
          • Polystyrene
          • Others
        • Malaysia Recycled Plastics Market, By Source industry
          • Plastic Bottles
          • Plastic Films
          • Polymer Foam
          • Others
        • Malaysia Recycled Plastics Market, By Application industry
          • Building & Construction
          • Packaging
          • Electrical & Electronics
          • Textiles
          • Automotive
          • Others
      • Indonesia
        • Indonesia Recycled Plastics Market, By Product Type
          • Polyethylene
          • Polyethylene Terephthalate
          • Polypropylene
          • Polyvinyl Chloride
          • Polystyrene
          • Others
        • Indonesia Recycled Plastics Market, By Source industry
          • Plastic Bottles
          • Plastic Films
          • Polymer Foam
          • Others
        • Indonesia Recycled Plastics Market, By Application industry
          • Building & Construction
          • Packaging
          • Electrical & Electronics
          • Textiles
          • Automotive
          • Others
      • Thailand
        • Thailand Recycled Plastics Market, By Product Type
          • Polyethylene
          • Polyethylene Terephthalate
          • Polypropylene
          • Polyvinyl Chloride
          • Polystyrene
          • Others
        • Thailand Recycled Plastics Market, By Source industry
          • Plastic Bottles
          • Plastic Films
          • Polymer Foam
          • Others
        • Thailand Recycled Plastics Market, By Application industry
          • Building & Construction
          • Packaging
          • Electrical & Electronics
          • Textiles
          • Automotive
          • Others
    • Central & South America
      • Central & South America Recycled Plastics Market, By Product Type
        • Polyethylene
        • Polyethylene Terephthalate
        • Polypropylene
        • Polyvinyl Chloride
        • Polystyrene
        • Others
      • Central & South America Recycled Plastics Market, By Source industry
        • Plastic Bottles
        • Plastic Films
        • Polymer Foam
        • Others
      • Central & South America Recycled Plastics Market, By Application industry
        • Building & Construction
        • Packaging
        • Electrical & Electronics
        • Textiles
        • Automotive
        • Others
      • Brazil
        • Brazil Recycled Plastics Market, By Product Type
          • Polyethylene
          • Polyethylene Terephthalate
          • Polypropylene
          • Polyvinyl Chloride
          • Polystyrene
          • Others
        • Brazil Recycled Plastics Market, By Source industry
          • Plastic Bottles
          • Plastic Films
          • Polymer Foam
          • Others
        • Brazil Recycled Plastics Market, By Application industry
          • Building & Construction
          • Packaging
          • Electrical & Electronics
          • Textiles
          • Automotive
          • Others
    • Middle East & Africa
      • Middle East & Africa Recycled Plastics Market, By Product Type
        • Polyethylene
        • Polyethylene Terephthalate
        • Polypropylene
        • Polyvinyl Chloride
        • Polystyrene
        • Others
      • Middle East & Africa Recycled Plastics Market, By Source industry
        • Plastic Bottles
        • Plastic Films
        • Polymer Foam
        • Others
      • Middle East & Africa Recycled Plastics Market, By Application industry
        • Building & Construction
        • Packaging
        • Electrical & Electronics
        • Textiles
        • Automotive
        • Others
      • Saudi Arabia
        • Saudi Arabia Recycled Plastics Market, By Product Type
          • Polyethylene
          • Polyethylene Terephthalate
          • Polypropylene
          • Polyvinyl Chloride
          • Polystyrene
          • Others
        • Saudi Arabia Recycled Plastics Market, By Source industry
          • Plastic Bottles
          • Plastic Films
          • Polymer Foam
          • Others
        • Saudi Arabia Recycled Plastics Market, By Application industry
          • Building & Construction
          • Packaging
          • Electrical & Electronics
          • Textiles
          • Automotive
          • Others

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 2019 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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