Post-consumer Recycled Plastics Market To Reach $21.64 Billion By 2030

Post-consumer Recycled Plastics Industry Overview

The global post-consumer recycled plastics market size is expected to reach USD 21.64 billion by 2030, registering a CAGR of 10.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing environmental concerns, growing urbanization, industrialization, and rising concerns to reduce the carbon footprint in the manufacturing of plastic resin are expected to drive the market

Demand for post-consumer recycled plastics is expected to increase majorly in the packaging application and various industries, including electrical and electronics, food and beverages, automotive, and textiles. Fast-moving consumer goods (FMCG) and food and beverage are the primary sectors driving the demand for post-consumer recycled plastics. In addition, post-consumer recycled plastics are used in the production of various plastics. Rising environmental concerns and various government regulations to reduce the carbon footprint are expected to drive the demand for post-consumer recycled plastic.

Gather more insights about the market drivers, restrains and growth of the Post-Consumer Recycled Plastics Market

The global market is segmented based on type as polyethylene terephthalate (PET), polypropylene (PP), polystyrene (PS), polyethylene (PE), polyvinyl chloride (PVC), and polyurethane (PUR). Polyethylene was the prominent source segment and accounted for over 20.0% share of the global revenue in the year 2019. The polystyrene segment is expected to witness significant growth in the future due to the high demand for packaging products, such as films, sheets, and foam, which are used in a wide range of industries.

Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.

• The global pet food packaging market size was valued at USD 11.66 billion in 2023 and is projected to grow at a CAGR of 5.7% from 2024 to 2030.

• The global medical grade silicone market size was valued at USD 601.7 million in 2024 and is expected to register a CAGR of 7.4% from 2025 to 2030.

Post-consumer Recycled Plastics Market Segmentation

Grand View Research has segmented the global post-consumer recycled plastics market based on source, type, and region:

Post-consumer Recycled Plastics Source Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Bottles
• Non-bottle Rigid
• Others

Post-consumer Recycled Plastics Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

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

Post-consumer Recycled Plastics Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • Malaysia
• Central & South America
  • Brazil
• Middle East & Africa
  • Saudi Arabia

 Key Companies profiled:

• BASF SE
• SABIC
• Evonik Industries AG
• Sumitomo Chemical Co., Ltd.
• Arkema
• Celanese Corporation
• Eastman Chemical Company
• Chevron Phillips Chemical Company
• Exxon Mobil Corporation
• Covestro AG

Key Post-consumer Recycled Plastics Company Insights

Key companies are adopting several organic and inorganic growth strategies, such as new product development, mergers & acquisitions, and joint ventures, to maintain and expand their market share.

• In November 2023, LyondellBasell Industries Holdings B.V. announced the establishment of an industrial-scale catalytic advanced plastic recycling demonstration plant at the Wesseling location of the company in the country. It will be the first single-train recycling plant of LyondellBasell Industries Holdings B.V. that is expected to convert post-consumer plastic waste into feedstocks for fresh plastic production
• In August 2023, Borouge, a joint venture between Borealis and the Abu Dhabi National Oil Company (ADNOC) in the UAE, announced the debut of new polypropylene (PP) products for the automobile sector that contains up to 70% PCR materials. The first solution comprises 50% PCR material, lowering the carbon footprint by approximately 28% compared to virgin grades. The second solution, which incorporates up to 70% PCR materials, was designed to produce wheel arches and other exterior components.
• In January 2023, PureCycle, an advanced recycling company, and the Port of Antwerp-Bruges jointly announced plans to develop PureCycle's first polypropylene (PP) recycling facility in Europe. The new factory is projected to have an annual capacity of 59,000 metric tons (130 million pounds), with a high growth potential. The 14-hectare (35-acre) site can accommodate up to four processing lines, with an estimated total capacity of 240,000 metric tons (500 million pounds) per year.

Order a free sample PDF of the Post-Consumer Recycled Plastics Market Intelligence Study, published by Grand View Research.