Post-Consumer Recycled Plastics Market to Grow with a CAGR of 4.85% through 2030
Rising Costs of Virgin Plastics are expected to drive
the Global Post-Consumer Recycled Plastics Market growth in the forecast
period, 2026-2030.
According to TechSci Research report, “Post-Consumer
Recycled Plastics Market - Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2030F”, the Global Post-Consumer
Recycled Plastics Market stood at USD 65.34 Billion in 2024 and
is anticipated to grow with a CAGR of 4.85% through 2030. The rising costs of
virgin plastics are a key driver for the growth of the Post-Consumer Recycled
(PCR) Plastics market. As the prices of virgin plastics continue to rise due to
factors such as fluctuating raw material costs, supply chain issues, and stricter
environmental regulations, businesses are increasingly turning to PCR plastics
as a more economical alternative. This transition helps companies offset the
financial impact of rising raw material prices while still meeting the demand
for sustainable products. Additionally, using PCR plastics reduces reliance on
petroleum-based resources, aligning with sustainability objectives and
decreasing vulnerability to fluctuations in fossil fuel prices. As the cost
difference between virgin and recycled plastics narrows, PCR plastics are
becoming a more appealing option, driving adoption across industries such as
packaging, automotive, and consumer goods.
In addition to offsetting the rising costs of virgin
plastics, the increasing cost of raw materials is making the use of PCR
plastics a more attractive option for businesses aiming to maintain
profitability while aligning with environmental goals. The production of virgin
plastics often involves energy-intensive processes, driving up manufacturing
costs. In contrast, PCR plastics, being derived from post-consumer waste,
typically have lower production costs due to less energy consumption during the
recycling process. As businesses seek to enhance their profit margins and
improve their bottom lines, adopting PCR plastics not only reduces material
costs but also enhances brand value by meeting sustainability targets. This
growing emphasis on sustainability and circular economic practices is
incentivizing industries to embrace recycled materials as part of a long-term,
cost-effective solution.
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The Global Post-Consumer Recycled Plastics Market is
segmented into source, type, end user, regional distribution, and company.
Based on end user, Automotive have
emerged as the dominating segment in the Global Post-Consumer Recycled
Plastics Market in 2024. This is due to increasing
consumer demand for sustainable and non-toxic products. As environmental
awareness grows, consumers are prioritizing furniture made from renewable,
biodegradable, and non-polluting materials. Polyurethane foams, widely used in
mattresses, cushions, and seating, are increasingly being produced with
bio-based polyols sourced from renewable resources like castor oil, palm oil,
and soybean oil. Additionally, growing trends in green building and sustainable
interiors drive furniture manufacturers to adopt eco-friendly materials. With
stringent regulations, sustainability certifications like LEED, and rising
eco-consciousness, the furniture sector continues to expand the use of green
polyols, positioning it as a significant market driver. This trend is further
amplified by consumer preference for products that support environmental
sustainability, as well as the increasing availability and affordability of
bio-based polyols, making them a more attractive option for manufacturers. As
global awareness of the environmental impact of traditional materials grows,
the furniture sector is leading the charge in promoting greener alternatives.
Based on the Region, Asia Pacific has emerged as the fastest
growing region in the Global Post-Consumer Recycled Plastics Market in 2024. The
automotive industry is facing growing pressure to achieve sustainability
objectives, such as reducing carbon emissions and increasing the use of
recycled materials. Stricter emissions standards and the promotion of
sustainable materials by regulatory bodies in regions like the European Union
and North America are driving these changes. Consequently, automakers are
turning to PCR plastics to comply with these regulations and reduce their
environmental impact. The use of PCR plastics in automotive components, such as
bumpers, interior panels, and trim, helps reduce vehicle weight, which improves
fuel efficiency—a critical factor in meeting stringent fuel economy standards.
Additionally, the automotive industry is increasingly adopting a circular
economy model, where materials are continuously recycled and reused to minimize
waste. PCR plastics are central to this shift, allowing automakers to reduce
their reliance on virgin materials, conserve energy, lower carbon emissions,
and preserve natural resources. Leading automotive manufacturers like Toyota,
Ford, and Volkswagen have set ambitious sustainability goals, including
increasing the use of recycled materials, cutting waste, and lowering the
carbon footprint of their manufacturing processes. By integrating PCR plastics
into vehicle components, automakers can reduce their environmental impact,
lower production costs, and meet consumer demand for more sustainable vehicles.
Major companies operating in Global Post-Consumer
Recycled Plastics Market are:
- DS Smith Plc
- Veolia
Environnement SA
- Suez SA
- Waste
Management, Inc.
- Republic
Services, Inc.
- Waste
Connections, Inc.
- Biffa plc
- Clean Harbors,
Inc.
- Stericycle, Inc.
- Remondis SE
& Co. KG
- Plastipak
Holdings Inc.
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“The Post-Consumer Recycled (PCR) Plastics market is
poised for substantial growth driven by increasing regulatory pressures and
consumer demand for sustainability. As industries pivot towards circular
economy models, PCR plastics offer a viable solution for reducing waste and
carbon footprints. While challenges remain in terms of quality and cost,
technological advancements in recycling are enhancing the efficiency and
scalability of PCR plastic production. Companies embracing these materials not
only gain a competitive edge but also align with evolving environmental goals
and consumer expectations”, said Mr. Karan Chechi, Research Director of TechSci
Research, a research-based management consulting firm.
“Post-Consumer Recycled Plastics Market - Global
Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Source
(Bottles, Non-bottle Rigid), By Type (Polypropylene, Polystyrene, Polyethylene,
others), By End User (Packaging, Building & Construction, Automotive,
Electronics and Others), By Region and Competition, 2020-2030F”, has evaluated
the future growth potential of Global Post-Consumer Recycled Plastics Market
and provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Post-Consumer Recycled Plastics Market.
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