The North America recycled plastic market is expected to grow from US$ 9,369.99 million in 2021 to US$ 16,889.88 million by 2028; it is estimated to grow at a CAGR of 8.9% from 2021 to 2028.
The growing packaging, automotive, and electrical & electronics sectors is a major driver for the recycled plastic market. The automotive sector is witnessing tremendous growth due to increasing passenger car sales and rising new vehicle production in emerging economies. 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 lightweight, 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 plastics. As per the International Organization of Motor Vehicle Manufacturers (OICA), countries in North America recorded over ~16.2 million commercial and passenger car production in 2010, which grew by more than 23% and registered over ~20 million commercial and passenger production in 2019. The surge in automobile manufacturing is boosting the demand for recycled plastics, thereby driving the market. Furthermore, the packaging industry has created lucrative opportunities for recycled packaging. Recycled materials are advancing in various industries such as food & beverages, cosmetics, and consumer goods. In the food & beverages industry, the consumption of recycled plastics is increasing. It is used in the form of films, containers, and bottles to pack the food. With the increasing population, the demand for recycled plastic is increasing. Factors such as increasing awareness about issues with plastic disposal in landfills and rising formulation regulations are bolstering the recycled plastic market growth. Recycling another plastic for food packaging is difficult compared to polyethylene terephthalate, resulting in an inadequate supply of food-grade recycled plastics. The current situation of inadequate supply of food-grade recycled plastic is encouraging investments in the market, supporting the demand for recycled plastic in the 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
Biffa, Remondis SE & Co. Kg, Veolia, Jayplas, Alpek S.A.B. de C.V., and Plastipak Holdings Inc. are among the major companies operating in the North America recycled plastic market.
The growing packaging, automotive, and electrical & electronics sectors is a major driver for the recycled plastic market. The automotive sector is witnessing tremendous growth due to increasing passenger car sales and rising new vehicle production in emerging economies. 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 lightweight, 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 plastics. As per the International Organization of Motor Vehicle Manufacturers (OICA), countries in North America recorded over ~16.2 million commercial and passenger car production in 2010, which grew by more than 23% and registered over ~20 million commercial and passenger production in 2019. The surge in automobile manufacturing is boosting the demand for recycled plastics, thereby driving the market. Furthermore, the packaging industry has created lucrative opportunities for recycled packaging. Recycled materials are advancing in various industries such as food & beverages, cosmetics, and consumer goods. In the food & beverages industry, the consumption of recycled plastics is increasing. It is used in the form of films, containers, and bottles to pack the food. With the increasing population, the demand for recycled plastic is increasing. Factors such as increasing awareness about issues with plastic disposal in landfills and rising formulation regulations are bolstering the recycled plastic market growth. Recycling another plastic for food packaging is difficult compared to polyethylene terephthalate, resulting in an inadequate supply of food-grade recycled plastics. The current situation of inadequate supply of food-grade recycled plastic is encouraging investments in the market, supporting the demand for recycled plastic in the 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.
North America Recycled Plastic Market Segmentation
The North America recycled plastic market is segmented into type, source, application, and country. Based on type, the market is segmented into polyethylene terephthalate, polyethylene, polypropylene, polystyrene, and others. In terms of source, the North 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. Based on country, the North America recycled plastic market is segmented into the US, Mexico, and Canada.Companies Mentioned
Biffa, Remondis SE & Co. Kg, Veolia, Jayplas, Alpek S.A.B. de C.V., and Plastipak Holdings Inc. are among the major companies operating in the North America recycled plastic market.
Table of Contents
1. Introduction1.1 Research Report Guidance
1.2 Market Segmentation
1.2.1 North America Recycled Plastic Market, by Type
1.2.2 North America Recycled Plastic Market, by Source
1.2.3 North America Recycled Plastic Market, by Application
1.2.4 North America Recycled Plastic Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.1.1 North 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. North 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. North 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. North America Recycled Plastic - Country Market Analysis
6.1 North America Recycled Plastic Market -Revenue and Forecast to 2028 (US$ Mn)
6.2 North America Recycled Plastic Market -Revenue and Forecast to 2028 (Kilo Tons)
7. North America Recycled Plastics Market Analysis - By Type
7.1 Overview
7.1.1 North America: North America Recycled Plastics Market, by Type
7.2 Polyethylene Terephthalate
7.2.1 Overview
7.2.2 Polyethylene Terephthalate: North America Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
7.2.3 Polyethylene Terephthalate: North America Recycled Plastics Market -Volume and Forecast to 2028 (Kilo Tons)
7.3 Polyethylene
7.3.1 Overview
7.3.2 Polyethylene: North America Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
7.3.3 Polyethylene: North America Recycled Plastics Market -Volume and Forecast to 2028 (Kilo Tons)
7.4 Polypropylene
7.4.1 Overview
7.4.2 Polypropylene: North America Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
7.4.3 Polypropylene: North America Recycled Plastics Market -Volume and Forecast to 2028 (Kilo Tons)
7.5 Polystyrene
7.5.1 Overview
7.5.2 Polystyrene: North America Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
7.5.3 Polystyrene: North America Recycled Plastics Market -Volume and Forecast to 2028 (Kilo Tons)
7.6 Others
7.6.1 Overview
7.6.2 Others: North America Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
7.6.3 Others: North America Recycled Plastics Market -Volume and Forecast to 2028 (Kilo Tons)
8. North America Recycled Plastics Market Analysis - By Source
8.1 Overview
8.1.1 North America: North America Recycled Plastics Market, by Source
8.2 Plastic Bottles
8.2.1 Overview
8.2.2 Plastic Bottles: North America Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
8.3 Plastic Films
8.3.1 Overview
8.3.2 Plastic Films: North America Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
8.4 Plastic Foams
8.4.1 Overview
8.4.2 Plastic Foams: North America Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
8.5 Plastic Fibers
8.5.1 Overview
8.5.2 Plastic Fibers : North America Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
8.6 Others
8.6.1 Overview
8.6.2 Others: North America Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
9. North America Recycled Plastics Market Analysis - By Application
9.1 Overview
9.1.1 North America: North America Recycled Plastics Market, by Application
9.2 Packaging
9.2.1 Overview
9.2.2 Packaging: North America Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
9.3 Textile
9.3.1 Overview
9.3.2 Textile: North America Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
9.4 Automotive
9.4.1 Overview
9.4.2 Automotive: North 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: North 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: North America Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
9.7 Others
9.7.1 Overview
9.7.2 Others: North America Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
10. North America Recycled Plastic Market - Country Analysis
10.1 North America: North America Recycled Plastics Market
10.1.1 North America: North America Recycled Plastics Market - Analysis and Forecast to 2028 (US$ Million)
10.1.2 North America: North America Recycled Plastics Market, by Key Country
10.1.2.1 US: North America Recycled Plastics Market -Analysis and Forecast to 2028 (US$ Million)
10.1.2.1.1 US: North America Recycled Plastics Market, by Type
10.1.2.1.2 US: North America Recycled Plastics Market, by Source
10.1.2.1.3 US: North America Recycled Plastics Market, by Application
10.1.2.2 Canada: North America Recycled Plastics Market -Analysis and Forecast to 2028 (US$ Million)
10.1.2.2.1 Canada: North America Recycled Plastics Market, by Type
10.1.2.2.2 Canada: North America Recycled Plastics Market, by Source
10.1.2.2.3 Canada: North America Recycled Plastics Market, by Application
10.1.2.3 Mexico: North America Recycled Plastics Market -Analysis and Forecast to 2028 (US$ Million)
10.1.2.3.1 Mexico: North America Recycled Plastics Market, by Type
10.1.2.3.2 Mexico: North America Recycled Plastics Market, by Source
10.1.2.3.3 Mexico: North America Recycled Plastics 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 Stericycle Inc.
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 Veolia
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 Alpek S.A.B. de C.V.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Republic Services, Inc.
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 B & B Plastics Inc.
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Clear Path Recycling
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Plastipak Holdings Inc.
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Financial Overview
12.8.4 SWOT Analysis
12.8.5 Key Developments
13. Appendix
13.1 About the Publisher
13.2 Glossary of Terms
List of Figures
Figure 1. North America Recycled Plastic Market Segmentation
Figure 2. North America Recycled Plastic Market Overview
Figure 3. North America Recycled Plastic Market, By Application
Figure 4. North America Recycled Plastic Market, by Country
Figure 5. Porter’s Five Forces Analysis of North America Recycled Plastic Market
Figure 6. North America Recycled Plastic Market, Ecosystem
Figure 7. Expert Opinion
Figure 8. North America Recycled Plastic Market Impact Analysis of Drivers and Restraints
Figure 9. North America Recycled Plastic Market - Revenue and Forecast to 2028 (US$ Mn)
Figure 10. North America Recycled Plastic Market - Revenue and Forecast to 2028 (Kilo Tons)
Figure 11. North America: North America Recycled Plastics Market Revenue Share, by Type (2021 and 2028)
Figure 12. Polyethylene Terephthalate: North America Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 13. Polyethylene Terephthalate: North America Recycled Plastics Market -Volume and Forecast To 2028 (Kilo Tons)
Figure 14. Polyethylene: North America Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 15. Polyethylene: North America Recycled Plastics Market -Volume and Forecast To 2028 (Kilo Tons)
Figure 16. Polypropylene: North America Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 17. Polypropylene: North America Recycled Plastics Market -Volume and Forecast To 2028 (Kilo Tons)
Figure 18. Polystyrene: North America Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 19. Polystyrene: North America Recycled Plastics Market -Volume and Forecast To 2028 (Kilo Tons)
Figure 20. Others: North America Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 21. Others: North America Recycled Plastics Market -Volume and Forecast To 2028 (Kilo Tons)
Figure 22. North America: North America Recycled Plastics Market Revenue Share, by Source (2020 and 2028)
Figure 23. Plastic Bottles: North America Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 24. Plastic Films: North America Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 25. Plastic Foams: North America Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 26. Plastic Fibers: North America Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 27. Others: North America Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 28. North America: North America Recycled Plastics Market Revenue Share, by Application (2020 and 2028)
Figure 29. Packaging: North America Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 30. Textile: North America Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 31. Automotive: North America Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 32. Building and Construction: North America Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 33. Electrical and Electronics: North America Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 34. Others: North America Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 35. Overview : North America Recycled Plastics Market
Figure 36. North America: North America Recycled Plastics Market Revenue Share, by Key Country (2020 and 2028)
Figure 37. US: North America Recycled Plastics Market -Revenue and Forecast to 2028 (US$ Million)
Figure 38. US: North America Recycled Plastics Market -Volume and Forecast to 2028 (Kilo Tons)
Figure 39. Canada: North America Recycled Plastics Market -Revenue and Forecast to 2028 (US$ Million)
Figure 40. Canada: North America Recycled Plastics Market -Volume and Forecast to 2028 (Kilo Tons)
Figure 41. Mexico: North America Recycled Plastics Market -Revenue and Forecast to 2028 (US$ Million)
Figure 42. Mexico: North America Recycled Plastics Market -Volume and Forecast to 2028 (Kilo Tons)List of Tables
Table 1. North America Recycled Plastic Market -Revenue and Forecast to 2028 (US$ Mn)
Table 2. North America Recycled Plastic Market -Revenue and Forecast to 2028 (Kilo Tons)
Table 3. North America North America Recycled Plastics Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 4. North America North America Recycled Plastics Market, by Type - Volume and Forecast to 2028 (Kilo Tons)
Table 5. North America North America Recycled Plastics Market, by Source- Revenue and Forecast to 2028 (US$ Million)
Table 6. North America North America Recycled Plastics Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 7. US North America Recycled Plastics Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 8. US North America Recycled Plastics Market, by Type - Volume and Forecast to 2028 (Kilo Tons)
Table 9. US North America Recycled Plastics Market, by Source- Revenue and Forecast to 2028 (US$ Million)
Table 10. US North America Recycled Plastics Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada North America Recycled Plastics Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 12. Canada North America Recycled Plastics Market, by Type - Volume and Forecast to 2028 (Kilo Tons)
Table 13. Canada North America Recycled Plastics Market, by Source- Revenue and Forecast to 2028 (US$ Million)
Table 14. Canada North America Recycled Plastics Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 15. Mexico North America Recycled Plastics Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 16. Mexico North America Recycled Plastics Market, by Type - Volume and Forecast to 2028 (Kilo Tons)
Table 17. Mexico North America Recycled Plastics Market, by Source- Revenue and Forecast to 2028 (US$ Million)
Table 18. Mexico North America Recycled Plastics Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 19. Glossary of Terms, North America Recycled Plastic Market
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Biffa
- Remondis SE & Co. Kg
- Veolia
- Jayplas
- Alpek S.A.B. de C.V.
- Plastipak Holdings Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 126 |
| Published | August 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 9369.99 Million |
| Forecasted Market Value ( USD | $ 16889.88 Million |
| Compound Annual Growth Rate | 8.9% |
| Regions Covered | North America |
