The South & Central America recycled plastic market is expected to grow from US$ 2,529.34 million in 2021 to US$ 4,001.37 million by 2028; it is estimated to grow at a CAGR of 6.9% from 2021 to 2028.
Increasing packaging, automotive and electrical and electronics sector is a major driver of recycled plastics. The automotive sector is witnessing tremendous growth due to increasing passenger car sales and new vehicle production in emerging economies, which is driving the market growth. Automotive companies use recycled plastics in auto parts such as dashboards and gearboxes. The main reason for using recycled plastic in automotive is, that the components manufactured using recycled plastics are light weight and a lighter car consumes less fuel, which also translates into less exhaust emissions. In addition, plastic parts are not prone to corrosion and offer flexibility and safety compared to other plastic. Recycling another plastic for food packaging is difficult when compared to polyethylene terephthalate, which results in an inadequate supply of food-grade recycled plastics. The current situation of inadequate supply of food grade recycled plastic is encouraging investment in market, supporting the recycled plastic growth in packaging industry.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the recycled plastic market at a notable CAGR during the forecast period.
Companies Mentioned
Remondis SE & Co. Kg, Veolia, Alpek S.A.B. de C.V., and Plastipak Holdings Inc. are among the major companies operating in the South & Central America recycled plastic market.
Increasing packaging, automotive and electrical and electronics sector is a major driver of recycled plastics. The automotive sector is witnessing tremendous growth due to increasing passenger car sales and new vehicle production in emerging economies, which is driving the market growth. Automotive companies use recycled plastics in auto parts such as dashboards and gearboxes. The main reason for using recycled plastic in automotive is, that the components manufactured using recycled plastics are light weight and a lighter car consumes less fuel, which also translates into less exhaust emissions. In addition, plastic parts are not prone to corrosion and offer flexibility and safety compared to other plastic. Recycling another plastic for food packaging is difficult when compared to polyethylene terephthalate, which results in an inadequate supply of food-grade recycled plastics. The current situation of inadequate supply of food grade recycled plastic is encouraging investment in market, supporting the recycled plastic growth in packaging industry.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the recycled plastic market at a notable CAGR during the forecast period.
South & Central America Recycled Plastic Market Segmentation
The South & Central America recycled plastic market is segmented into type, source, application, and country. Based on type, the market is categorized into polyethylene terephthalate, polyethylene, polypropylene, polystyrene, and others. In terms of source, the South & Central America recycled plastic market is segmented into plastic bottles, plastic films, plastic foams, plastic fibers, and others. Based on application, the market is segmented into packaging, textile, automotive, building and construction, electrical and electronics, and others. In terms of country, the South & Central America recycled plastic market is segmented into Brazil, Argentina, and the Rest of South & Central America.Companies Mentioned
Remondis SE & Co. Kg, Veolia, Alpek S.A.B. de C.V., and Plastipak Holdings Inc. are among the major companies operating in the South & Central America recycled plastic market.
Table of Contents
1. Introduction1.1 Research Report Guidance
1.2 Market Segmentation
1.2.1 South and Central America Recycled Plastic Market, by Type
1.2.2 South and Central America Recycled Plastic Market, by Source
1.2.3 South and Central America Recycled Plastic Market, by Application
1.2.4 South and Central America Recycled Plastic Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.1.1 South and Central America Recycled Plastic Market, by Process, Grade, and Application
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. South and Central America Recycled Plastic Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Threat of New Entrants:
4.2.2 Bargaining Power of Suppliers:
4.2.3 Bargaining Power of Buyers:
4.2.4 Competitive Rivalry:
4.2.5 Threat of Substitutes:
4.3 Ecosystem Analysis
4.3.1 Overview:
4.3.2 Raw Material Suppliers:
4.3.3 Manufacturers
4.3.4 Distributors
4.3.5 End-User
4.4 Expert Opinion
5. South and Central America Recycled Plastic Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Adoption of Recycled Plastics in Packaging, Automotive, and Electrical & Electronic Industries
5.1.2 Rising Expansion of Construction Industry
5.2 Market Restraints
5.2.1 Inadequate Supply of Recycled Plastics Leads to Preference for Virgin Plastic
5.3 Market Opportunities
5.3.1 Rising Stringent Government Regulations to Upsurge the Recycling Rate of Plastics
5.4 Future Trends
5.4.1 Rising Innovation in Plastic Recycling
5.5 Impact Analysis of Drivers and Restraints
6. South and Central America Recycled Plastic -Market Analysis
6.1 South and Central America Recycled Plastic Market -Revenue and Forecast to 2028 (US$ Mn)
6.2 South and Central America Recycled Plastic Market -Volume and Forecast to 2028 (Kilo Tons)
7. South and Central America Recycled Plastics Market Analysis - By Type
7.1 Overview
7.1.1 South and Central America: South and Central America Recycled Plastic Market, by Type
7.2 Polyethylene Terephthalate
7.2.1 Overview
7.2.2 Polyethylene Terephthalate: South and Central America Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
7.2.3 Polyethylene Terephthalate: South and Central America Recycled Plastics Market -Volume and Forecast to 2028 (Kilo Tons)
7.3 Polyethylene
7.3.1 Overview
7.3.2 Polyethylene: South and Central America Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
7.3.3 Polyethylene: South and Central America Recycled Plastics Market -Volume and Forecast to 2028 (Kilo Tons)
7.4 Polypropylene
7.4.1 Overview
7.4.2 Polypropylene: South and Central America Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
7.4.3 Polypropylene: South and Central America Recycled Plastics Market -Volume and Forecast to 2028 (Kilo Tons)
7.5 Polystyrene
7.5.1 Overview
7.5.2 Polystyrene: South and Central America Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
7.5.3 Polystyrene: South and Central America Recycled Plastics Market -Volume and Forecast to 2028 (Kilo Tons)
7.6 Others
7.6.1 Overview
7.6.2 Others: South and Central America Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
7.6.3 Others: South and Central America Recycled Plastics Market -Volume and Forecast to 2028 (Kilo Tons)
8. South and Central America Recycled Plastics Market Analysis - By Source
8.1 Overview
8.1.1 South and Central America: South and Central America Recycled Plastic Market, by Source
8.2 Plastic Bottles
8.2.1 Overview
8.2.2 Plastic Bottles: South and Central America Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
8.3 Plastic Films
8.3.1 Overview
8.3.2 Plastic Films: South and Central America Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
8.4 Plastic Foams
8.4.1 Overview
8.4.2 Plastic Foams: South and Central America Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
8.5 Plastic Fibers
8.5.1 Overview
8.5.2 Plastic Fibers: South and Central America Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
8.6 Others
8.6.1 Overview
8.6.2 Others: South and Central America Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
9. South and Central America Recycled Plastics Market Analysis - By Application
9.1 Overview
9.1.1 South and Central America: South and Central America Recycled Plastic Market, by Application
9.2 Packaging
9.2.1 Overview
9.2.2 Packaging: South and Central America Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
9.3 Textile
9.3.1 Overview
9.3.2 Textile: South and Central America Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
9.4 Automotive
9.4.1 Overview
9.4.2 Automotive: South and Central America Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
9.5 Building and Construction
9.5.1 Overview
9.5.2 Building and Construction: South and Central America Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
9.6 Electrical and Electronics
9.6.1 Overview
9.6.2 Electrical and Electronics: South and Central America Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
9.7 Others
9.7.1 Overview
9.7.2 Others: South and Central America Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
10. South and Central America Recycled Plastic Market - Country Analysis
10.1 South and Central America: South and Central America Recycled Plastic Market
10.1.1 South and Central America: South and Central America Recycled Plastic Market - Analysis and Forecast to 2028 (US$ Million)
10.1.2 South and Central America: South and Central America Recycled Plastic Market, by Key Country
10.1.2.1 Brazil: South and Central America Recycled Plastic Market -Analysis and Forecast to 2028 (US$ Million)
10.1.2.1.1 Brazil: South and Central America Recycled Plastic Market, by Type
10.1.2.1.2 Brazil: South and Central America Recycled Plastic Market, by Source
10.1.2.1.3 Brazil: South and Central America Recycled Plastic Market, by Application
10.1.2.2 Argentina: South and Central America Recycled Plastic Market -Analysis and Forecast to 2028 (US$ Million)
10.1.2.2.1 Argentina: South and Central America Recycled Plastic Market, by Type
10.1.2.2.2 Argentina: South and Central America Recycled Plastic Market, by Source
10.1.2.2.3 Argentina: South and Central America Recycled Plastic Market, by Application
10.1.2.3 Rest of South and Central America: South and Central America Recycled Plastic Market -Analysis and Forecast to 2028 (US$ Million)
10.1.2.3.1 Rest of South and Central America: South and Central America Recycled Plastic Market, by Type
10.1.2.3.2 Rest of South and Central America: South and Central America Recycled Plastic Market, by Source
10.1.2.3.3 Rest of South and Central America: South and Central America Recycled Plastic Market, by Application
11. Industry Landscape
11.1 Overview
11.1.1 Market Initiative
11.2 New Product Development
11.3 Merger and Acquisition
12. Company Profiles
12.1 Remondis SE & Co. Kg
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Veolia
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Alpek S.A.B. de C.V.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Plastipak Holdings Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Financial Overview
12.4.4 SWOT Analysis
12.4.5 Key Developments
13. Appendix
13.1 About the Publisher
13.2 Glossary of Terms
List of Figures
Figure 1. South and Central America Recycled Plastic Market Segmentation
Figure 2. South and Central America Recycled Plastic Market Overview
Figure 3. South and Central America Recycled Plastic Market, By Application
Figure 4. South and Central America Recycled Plastic Market, by Country
Figure 5. Porter’s Five Forces Analysis of South and Central America Recycled Plastic Market
Figure 6. South and Central America Recycled Plastic Market, Ecosystem
Figure 7. Expert Opinion
Figure 8. South and Central America Recycled Plastic Market Impact Analysis of Drivers and Restraints
Figure 9. South and Central America Recycled Plastic Market - Revenue and Forecast to 2028 (US$ Mn)
Figure 10. South and Central America Recycled Plastic Market -Volume and Forecast to 2028 (Kilo Tons)
Figure 11. South and Central America: South and Central America Recycled Plastic Market Revenue Share, by Type (2021 and 2028)
Figure 12. Polyethylene Terephthalate: South and Central America Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 13. Polyethylene Terephthalate: South and Central America Recycled Plastics Market -Volume and Forecast To 2028 (Kilo Tons)
Figure 14. Polyethylene: South and Central America Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 15. Polyethylene: South and Central America Recycled Plastics Market -Volume and Forecast To 2028 (Kilo Tons)
Figure 16. Polypropylene: South and Central America Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 17. Polypropylene: South and Central America Recycled Plastics Market -Volume and Forecast To 2028 (Kilo Tons)
Figure 18. Polystyrene: South and Central America Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 19. Polystyrene: South and Central America Recycled Plastics Market -Volume and Forecast To 2028 (Kilo Tons)
Figure 20. Others: South and Central America Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 21. Others: South and Central America Recycled Plastics Market -Volume and Forecast To 2028 (Kilo Tons)
Figure 22. South and Central America: South and Central America Recycled Plastic Market Revenue Share, by Source (2021 and 2028)
Figure 23. Plastic Bottles: South and Central America Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 24. Plastic Films: South and Central America Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 25. Plastic Foams: South and Central America Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 26. Plastic Fibers: South and Central America Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 27. Others: South and Central America Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 28. South and Central America: South and Central America Recycled Plastic Market Revenue Share, by Application (2021 and 2028)
Figure 29. Packaging: South and Central America Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 30. Textile: South and Central America Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 31. Automotive: South and Central America Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 32. Building and Construction: South and Central America Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 33. Electrical and Electronics: South and Central America Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 34. Others: South and Central America Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 35. Overview : South and Central America Recycled Plastic Market (US$ Million)
Figure 36. South and Central America: South and Central America Recycled Plastic Market Revenue Share, by Key Country (2021 and 2028)
Figure 37. Brazil: South and Central America Recycled Plastic Market -Revenue and Forecast to 2028 (US$ Million)
Figure 38. Brazil: South and Central America Recycled Plastic Market -Volume and Forecast to 2028 (Kilo Tons)
Figure 39. Argentina: South and Central America Recycled Plastic Market -Revenue and Forecast to 2028 (US$ Million)
Figure 40. Argentina: South and Central America Recycled Plastic Market -Volume and Forecast to 2028 (Kilo Tons)
Figure 41. Rest of South and Central America: South and Central America Recycled Plastic Market -Revenue and Forecast to 2028 (US$ Million)
Figure 42. Rest of South and Central America: South and Central America Recycled Plastic Market -Volume and Forecast to 2028 (Kilo Tons)List of Tables
Table 1. South and Central America Recycled Plastic Market -Revenue and Forecast to 2028 (US$ Mn)
Table 2. South and Central America Recycled Plastic Market -Volume and Forecast to 2028 (Kilo Tons)
Table 3. South and Central America Recycled Plastic Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 4. South and Central America Recycled Plastic Market, by Type - Volume and Forecast to 2028 (Kilo Tons)
Table 5. South and Central America Recycled Plastic Market, by Source- Revenue and Forecast to 2028 (US$ Million)
Table 6. South and Central America Recycled Plastic Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 7. Brazil South and Central America Recycled Plastic Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 8. Brazil South and Central America Recycled Plastic Market, by Type - Volume and Forecast to 2028 (Kilo Tons)
Table 9. Brazil South and Central America Recycled Plastic Market, by Source- Revenue and Forecast to 2028 (US$ Million)
Table 10. Brazil South and Central America Recycled Plastic Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 11. Argentina South and Central America Recycled Plastic Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 12. Argentina South and Central America Recycled Plastic Market, by Type - Volume and Forecast to 2028 (Kilo Tons)
Table 13. Argentina South and Central America Recycled Plastic Market, by Source- Revenue and Forecast to 2028 (US$ Million)
Table 14. Argentina South and Central America Recycled Plastic Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 15. Rest of South and Central America Recycled Plastic Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 16. Rest of South and Central America Recycled Plastic Market, by Type - Volume and Forecast to 2028 (Kilo Tons)
Table 17. Rest of South and Central America Recycled Plastic Market, by Source- Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of South and Central America Recycled Plastic Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 19. Glossary of Terms, South and Central America Recycled Plastic Market
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Remondis SE & Co. Kg
- Veolia
- Alpek S.A.B. de C.V.
- Plastipak Holdings Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 119 |
| Published | August 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 2529.34 Million |
| Forecasted Market Value ( USD | $ 4001.37 Million |
| Compound Annual Growth Rate | 6.9% |
