Post-consumer Recycled Plastics Market Status, Growth Opportunities And Competitive Landscape till 2030

This growth is driven by the increasing sustainability initiatives of food and beverage as well as packaging companies that are transitioning to recycled plastic materials. These sustainability efforts align with the circular economy principles, as more end-users across various sectors ado

The global market for post-consumer recycled (PCR) plastics was valued at USD 10.66 billion in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of 10.7% from 2024 to 2030. This growth is driven by the increasing sustainability initiatives of food and beverage as well as packaging companies that are transitioning to recycled plastic materials. These sustainability efforts align with the circular economy principles, as more end-users across various sectors adopt PCR plastics to reduce waste and environmental impact. Rising demand in key industries such as packaging, textiles, automotive, and construction further supports this trend. Additionally, technological advancements in recycling processes have led to the production of highly efficient and innovative PCR plastics, making recycling solutions more accessible and impactful.

A notable example of this technological advancement occurred in October 2023, when Repsol S.A. and Signode Industrial Group LLC launched a high-performance strap made from polypropylene (PP) with 30% recycled content, intended for high-strength applications. The demand for PCR plastics as a replacement for traditional, virgin fossil-based plastics is robust across various end-use industries, including construction, packaging, electronics, textiles, and automotive. Countries such as China, India, the U.S., and Saudi Arabia are witnessing a surge in construction activity, spurred by redevelopment initiatives and government investments in affordable housing and healthcare infrastructure. This increase in construction projects is expected to drive the demand for PCR plastics in the building and construction sectors.

However, one of the primary challenges faced by the PCR plastics market is waste management and the need for advanced recycling technologies. Global plastic waste flows tend to move from high-income countries to low-income countries, raising environmental concerns and presenting both logistical and economic challenges. Efforts to enhance plastic recycling infrastructure and policies are essential to addressing these issues and promoting sustainable practices.

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

Type Segmentation Insights:

In 2023, the polyethylene (PE) segment held the largest market share by revenue, accounting for over 20%. Post-consumer recycled PE is derived from a variety of plastic products, including films, sheets, and pellets, and offers effective barrier properties that make it suitable for food and beverage packaging applications. Its protective properties are particularly valuable for maintaining the quality and safety of packaged goods.

Looking ahead, the polypropylene (PP) segment is expected to grow significantly. Post-consumer recycled PP is known for its excellent chemical and mechanical properties, making it suitable for multiple applications across industries such as packaging, automotive, and household goods. PP’s durability, flexibility, and thermal resistance make it an ideal choice for manufacturing household appliances. Furthermore, as consumer awareness of environmental issues and sustainable practices increases, demand for recycled PP and other sustainable materials in packaging and automotive applications is expected to rise. This growing awareness is pushing manufacturers and consumers alike toward sustainable, recycled plastic solutions, fostering innovation and growth in PCR plastic production.

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


Vihan Singh

87 Blog posts

Comments