Global Post-Consumer Recycled Plastics Market Size & Share to 2027

A post-consumer recycled plastic is an attractive element of plastics industry. These types of plastics collected cleaned, reprocess and remade into new product. It is not easy process to recycle consumer plastic. There are some economic implications like collection, cleaning, sorting, re-processing, and distribution and some physical issues like irregularity in color, grade, and contamination.

Market Drivers

Rise in awareness programs for sustainable waste management practices is the key driving factor which is expected to boost the global post-consumer recycled plastics market growth. Furthermore, increase in urban population as well as stringent laws and regulations enforced by governments will positively contribute the market growth. Also, rise in plastic consumption in production of lightweight components, which are used in various end use industries such as construction, automotive, food processing industry is projected to support the growth of post consumer recycled plastics market over the forecast period. Moreover, due to increase in COVID 19 pandemic across the globe will raise the demand for various plastic packaging products as well as rise in online purchase of electronics, electrical, cosmetics, personal care products and personal protective products like mask, gloves, and others. It is expected to propel the post consumer recycled plastics market growth.

Market Restraints

However, lack of required framework for plastic waste collection and recycling is the major challenging factor which is expected to hinder the global post-consumer recycled plastics market growth. Also, fewer treatment plants and lack of technical experts for recycling plastic waste will affect the market growth.

Market Segmentation

Global Post-Consumer Recycled Plastics Market is segmented into type such as Polypropylene (PP), Polystyrene (PS), Polyethylene (PE), Polyvinyl Chloride (PVC), Polyurethane (PUR), Polyethylene Terephthalate (PET), and others, by service such as Collection & Transportation, Recycling, Incineration, and Landfill, by processing type such as Mechanical, Chemical, and Biological. Further, market is segmented into application such as Building & Construction, Packaging, Automotive, Electronics, Furniture, and Others.

Also, Global Post-Consumer Recycled Plastics Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Market Key Players

Various key players are discussed in this report such as VEOLIA ENVIRONMENT, SUEZ, WASTE MANAGEMENT INC., REPUBLIC SERVICES, STERICYCLE, WASTE CONNECTIONS, INC., CLEAN HARBORS, REMONDIS SE & CO. KG, BIFFA, and DS SMITH.

Market Taxonomy

By Type

• Polypropylene (PP)
• Polystyrene (PS)
• Polyethylene (PE)
• Polyvinyl Chloride (PVC)
• Polyurethane (PUR)
• Polyethylene Terephthalate (PET)
• Others

By Service

• Collection & Transportation
• Recycling
• Incineration
• Landfill

By Processing Type

• Mechanical
• Chemical
• Biological

By Application

• Building & Construction
• Packaging
• Automotive
• Electronics
• Furniture
• Others

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

Key Questions Addressed by the Report

• What are the Key Opportunities in Global Post-Consumer Recycled Plastics Market?
• What will be the growth rate from 2019 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?

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