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North America Recycled Plastics Market Size, Share & Trends Analysis Report By Product, By Source (Plastic Bottles, Plastic Films, Polymer Foam, and Others), By Application, By Country and Growth Forecast, 2024 - 2031

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    Report

  • May 2024
  • Region: North America
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5976187
The North America Recycled Plastics Market would witness market growth of 8.5% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 4,606.4 kilo tonnes, showcasing a growth of 21.9% (2020-2023).

Polyethylene holds a significant presence in the Recycled Plastics Market, serving as a cornerstone in the initiative towards sustainability. With increasing awareness about environmental conservation and the pressing need to reduce plastic waste, recycled polyethylene emerges as a pivotal solution. Thus, the US market would utilize 2,304.3 kilo tonnes of Polyethylene by 2031.



The US market dominated the North America Recycled Plastics Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $15,313.8 million by 2031. The Canada market is experiencing a CAGR of 10.4% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 9.8% during (2024 - 2031).

It has undergone the recycling process, which entails transforming used or discarded plastics into new materials for various applications. Synthetic polymers, known as plastics, are widely used in many applications because of their durability and versatility. However, the growing usage of plastics has raised serious concerns about the environment, largely due to their long decomposition time and ability to damage ecosystems. Plastics utilized by households, enterprises, and industrial facilities are gathered. They are then classified based on their type and resin identification code, which aids in selecting appropriate recycling procedures.

Water, soft drinks, juice, and other beverage bottles are frequently made from recycled plastics, especially PET (polyethylene terephthalate) and HDPE (high-density polyethylene). Food containers made of recycled plastic are used to hold ready-to-eat meals, dairy products, sauces, and condiments. Flexible packaging films and wraps for food and non-food products are made from recycled plastics. Clamshells and trays made of recycled materials are used to package fruits, vegetables, bakery products, and deli products. Blister packs made of recycled plastic are used to package consumer electronics, pharmaceuticals, and medical devices.

The automotive industry in Mexico is increasingly adopting circular economy principles. By using recycled plastics, manufacturers support the recycling and reuse of materials, contributing to a more sustainable and environmentally friendly automotive sector in Mexico. Sustainable and environmentally favorable vehicles are experiencing increasing consumer demand in Mexico. In response to this demand, automakers in Mexico are providing environmentally concerned consumers with eco-friendly solutions by integrating recycled plastics into their vehicles. Hence, the factors mentioned above will drive the regional market growth.

Based on Product, the market is segmented into Polyethylene, Polypropylene, Polyethylene Terephthalate, Polyvinyl Chloride, Polystyrene, and Others. Based on Source, the market is segmented into Plastic Bottles, Plastic Films, Polymer Foam, and Others. Based on Application, the market is segmented into Packaging, Building & Construction, Electrical & Electronics, Textiles, Automotive, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

  • Remondis SE & Co. KG (Rethmann Se & Co. Kg)
  • Stericycle, Inc.
  • Veolia Environnement S.A.
  • Shell plc
  • Clean Harbors, Inc.
  • Covestro AG
  • Cabka Group GmbH
  • Indorama Ventures Public Company Limited (Indorama Resources Ltd.)
  • Plastipak Holdings, Inc.
  • Biffa plc (Energy Capital Partners Management, LP)

Market Report Segmentation

By Product (Volume, Kilo Tonnes, USD Billion, 2020-2031)
  • Polyethylene
  • Polypropylene
  • Polyethylene Terephthalate
  • Polyvinyl Chloride
  • Polystyrene
  • Others
By Source (Volume, Kilo Tonnes, USD Billion, 2020-2031)
  • Plastic Bottles
  • Plastic Films
  • Polymer Foam
  • Others
By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)
  • Packaging
  • Building & Construction
  • Electrical & Electronics
  • Textiles
  • Automotive
  • Others
By Country (Volume, Kilo Tonnes, USD Billion, 2020-2031)
  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Recycled Plastics Market, by Product
1.4.2 North America Recycled Plastics Market, by Source
1.4.3 North America Recycled Plastics Market, by Application
1.4.4 North America Recycled Plastics Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Opportunities
3.2.3 Market Restraints
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. North America Recycled Plastics Market by Product
4.1 North America Polyethylene Market by Country
4.2 North America Polypropylene Market by Country
4.3 North America Polyethylene Terephthalate Market by Country
4.4 North America Polyvinyl Chloride Market by Country
4.5 North America Polystyrene Market by Country
4.6 North America Others Market by Country
Chapter 5. North America Recycled Plastics Market by Source
5.1 North America Plastic Bottles Market by Country
5.2 North America Plastic Films Market by Country
5.3 North America Polymer Foam Market by Country
5.4 North America Others Market by Country
Chapter 6. North America Recycled Plastics Market by Application
6.1 North America Packaging Market by Country
6.2 North America Building & Construction Market by Country
6.3 North America Electrical & Electronics Market by Country
6.4 North America Textiles Market by Country
6.5 North America Automotive Market by Country
6.6 North America Others Market by Country
Chapter 7. North America Recycled Plastics Market by Country
7.1 US Recycled Plastics Market
7.1.1 US Recycled Plastics Market by Product
7.1.2 US Recycled Plastics Market by Source
7.1.3 US Recycled Plastics Market by Application
7.2 Canada Recycled Plastics Market
7.2.1 Canada Recycled Plastics Market by Product
7.2.2 Canada Recycled Plastics Market by Source
7.2.3 Canada Recycled Plastics Market by Application
7.3 Mexico Recycled Plastics Market
7.3.1 Mexico Recycled Plastics Market by Product
7.3.2 Mexico Recycled Plastics Market by Source
7.3.3 Mexico Recycled Plastics Market by Application
7.4 Rest of North America Recycled Plastics Market
7.4.1 Rest of North America Recycled Plastics Market by Product
7.4.2 Rest of North America Recycled Plastics Market by Source
7.4.3 Rest of North America Recycled Plastics Market by Application
Chapter 8. Company Profiles
8.1 Remondis SE & Co. KG (Rethmann Se & Co. Kg)
8.1.1 Company Overview
8.1.2 SWOT Analysis
8.2 Stericycle, Inc.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Recent strategies and developments:
8.2.4.1 Product Launches and Product Expansions:
8.2.5 SWOT Analysis
8.3 Veolia Environnement S.A.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.6 SWOT Analysis
8.4 Shell plc
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 SWOT Analysis
8.5 Clean Harbors, Inc.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 SWOT Analysis
8.6 Covestro AG
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expenses
8.6.5 SWOT Analysis
8.7 Cabka Group GmbH
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 SWOT Analysis
8.8 Indorama Ventures Public Company Limited (Indorama Resources Ltd.)
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 SWOT Analysis
8.9 Plastipak Holdings, Inc.
8.9.1 Company Overview
8.9.2 Recent strategies and developments:
8.9.2.1 Partnerships, Collaborations, and Agreements:
8.9.3 SWOT Analysis
8.10. Biffa plc
8.10.1 Company Overview
8.10.2 Recent strategies and developments:
8.10.2.1 Partnerships, Collaborations, and Agreements:
8.10.3 SWOT Analysis

Companies Mentioned

  • Remondis SE & Co. KG (Rethmann Se & Co. Kg)
  • Stericycle, Inc.
  • Veolia Environnement S.A.
  • Shell plc
  • Clean Harbors, Inc.
  • Covestro AG
  • Cabka Group GmbH
  • Indorama Ventures Public Company Limited (Indorama Resources Ltd.)
  • Plastipak Holdings, Inc.
  • Biffa plc (Energy Capital Partners Management, LP)

Methodology

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