Market Overview

The Post-Consumer Recycled Plastic Market was valued at US$ 62.1 billion in 2023 and is projected to reach US$ 123.2 billion by 2031, registering a CAGR of 8.9% throughout the forecast period 2024–2031. The Post-Consumer Recycled Plastic Market is booming, driven by global circular economy initiatives and anti-pollution efforts. Recycled plastics from waste like bottles reduce landfill use and emissions, replacing virgin materials. DataM Intelligence emphasizes regulatory mandates for recycled content in packaging as a key growth accelerator.

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Market Drivers

Extended Producer Responsibility (EPR) laws boost demand for the Post-Consumer Recycled Plastic Market by mandating recycled content. AI-driven sorting enhances material quality, supporting high-value outputs. DataM Intelligence notes consumer preference for eco-friendly brands, driving corporate recycled plastic commitments. E-commerce packaging growth further amplifies demand for sustainable solutions.

Market Restraints

Inadequate collection systems limit feedstock, causing supply shortages in the Post-Consumer Recycled Plastic Market. Contamination reduces material quality, inflating processing costs. DataM Intelligence highlights logistical challenges and inconsistent regional standards as barriers, alongside economic volatility impacting investment stability.

Market Geographical Share

Asia-Pacific leads, with China’s policies and India’s construction sector driving volumes. Europe follows via EU recycling targets, while North America grows with corporate pledges. DataM Intelligence sees South America expanding in packaging, and Middle East & Africa developing recycling infrastructure for future growth.

Market Segments

By Service

  • Collection and Transportation
  • Recycling
  • Incineration
  • Landfills/Disposal

By Polymer

  • Polyethylene Terephthalate (PET)
  • High-Density Polyethylene (HDPE)
  • Low-Density Polyethylene (LDPE)
  • Polypropylene (PP)
  • Others

By End-User

  • Packaging
  • Building and Construction
  • Automotive
  • Furniture
  • Others

Market Key Players

Key players include BASF SE, SABIC, Arkema, Celanese Corporation, Eastman Chemical Company, Exxon Mobil Corporation, Covestro AG, Ultra-Poly Corporation, Plastipak Holdings, Inc., Dow.

Latest Developments

Mobil launched 50% PCR pails for oil packaging in India in February 2023, cutting emissions. Repsol and Signode introduced 30% PCR PP straps in 2023 for sustainable packaging. DataM Intelligence reports Dow’s 2020 40% PCR resin for films advancing recycling in China. European automotive PCR integration partnerships emerged in 2024.

Key Highlights of Report

Market Growth: The Post-Consumer Recycled Plastic Market projects a CAGR of 8.9% to 2031.

Asia-Pacific Lead: Regulations fuel market expansion.

PP Leads Polymers: Packaging dominates applications.

Packaging Tops End-Users: E-commerce drives demand.

Circular Economy: Initiatives reduce waste effectively.

AI Sorting: Enhances recycled material quality.

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Conclusion

The Post-Consumer Recycled Plastic Market wraps up with robust growth, as DataM Intelligence insights underscore its pivotal role in sustainable material cycles.