Post-consumer Recycled Plastics in Consumer Electronics Market to Grow with a CAGR of 9.75% through 2028
Increasing demand for sustainable materials in
consumer electronics and growing environmental concerns are factors driving the
Global Post-consumer Recycled Plastics in Consumer Electronics market in the
forecast period 2024-2028.
According to TechSci Research report, “Post-consumer
Recycled Plastics in Consumer Electronics Market – Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2028”, the Global
Post-consumer Recycled Plastics in Consumer Electronics Market has valued at
USD 12.76 billion in 2022 and is anticipated to project robust growth in the
forecast period with a CAGR of 9.75% through 2028.
The Post-consumer Recycled Plastics in Consumer
Electronics Market is undergoing a significant transformation driven by
remarkable technological advancements that are reshaping the electronics
industry's approach to sustainability and waste reduction. The integration of
post-consumer recycled plastics (PCR) in the manufacturing of consumer
electronics represents a pivotal shift toward a more circular and
environmentally conscious model.
One key technological advancement in the Post-consumer
Recycled Plastics in Consumer Electronics Market is the development of advanced
recycling technologies. Traditional recycling methods often faced challenges in
producing high-quality plastics suitable for electronic applications. However,
advancements in mechanical and chemical recycling processes have improved the
purification and quality of post-consumer recycled plastics. These technologies
enable the recovery of plastics from electronic waste, such as discarded
smartphones and laptops, and their transformation into high-performance
materials for new electronic devices.
Moreover, innovations in material science and polymer
chemistry have led to the formulation of post-consumer recycled plastics with
enhanced mechanical, thermal, and electrical properties. Researchers are
optimizing the composition of recycled plastics to meet the specific
requirements of consumer electronics, ensuring that the materials not only meet
performance standards but also contribute to the overall durability and
functionality of electronic devices. This advancement is crucial in addressing
the industry's demand for sustainable materials without compromising on the
technical specifications of electronic components.
The adoption of smart design and engineering practices
is another notable technological trend in the Post-consumer Recycled Plastics
in Consumer Electronics Market. Designing electronics with disassembly and
recyclability in mind facilitates the efficient recovery of materials at the
end of the product's life cycle. This shift toward circular design principles
encourages the use of post-consumer recycled plastics, creating a closed-loop
system that reduces waste and minimizes the environmental impact of electronic
devices.
Furthermore, advancements in traceability and sorting
technologies contribute to the efficient recycling of post-consumer plastics in
the electronics sector. Advanced sorting systems using artificial intelligence
and machine learning can accurately identify and separate different types of
plastics from electronic waste streams. This level of precision ensures that
recycled plastics meet the necessary quality standards for use in consumer
electronics, fostering a more sustainable and circular economy.
The implementation of industry-wide standards and
certifications is a technological advancement aimed at promoting the
responsible use of post-consumer recycled plastics in consumer electronics.
Standardization ensures that recycled materials adhere to specific criteria,
including purity, composition, and performance. Certifications such as Recycled
Content Certification and Electronic Product Environmental Assessment Tool
(EPEAT) provide consumers and manufacturers with transparency and assurance
regarding the recycled content and environmental impact of electronic devices.
Moreover, the advent of digital technologies is
influencing the development of smart and connected electronic devices with
embedded sensors and identifiers. These technologies enable the tracking and
monitoring of post-consumer recycled plastics throughout the supply chain, from
collection and processing to manufacturing and distribution. Real-time data on
the use of recycled materials enhances transparency and accountability,
empowering consumers to make informed choices about environmentally friendly electronic
products.
In conclusion, technological advancements are driving
a paradigm shift in the Post-consumer Recycled Plastics in Consumer Electronics
Market, propelling the industry toward greater sustainability and waste
reduction. From advanced recycling technologies and material science
innovations to circular design principles, traceability technologies, and
industry standards, these advancements underscore the commitment of the
consumer electronics sector to a more sustainable and environmentally conscious
future. As the demand for eco-friendly products continues to grow, the
integration of post-consumer recycled plastics in consumer electronics stands
as a testament to the industry's dedication to responsible manufacturing and
resource conservation.
Browse over XX market data Figures spread
through XX Pages and an in-depth TOC on "Global Post-consumer Recycled Plastics in Consumer Electronics Market”
The Global Post-Consumer Recycled Plastics in Consumer
Electronics Market is segmented into type, source, application, regional
distribution, and company.
Based on the type, the polycarbonate (PC) segment
emerged as the dominant player in the global market for Post-consumer Recycled
Plastics in Consumer Electronics in 2022,
propelled by its unique combination of properties that
align with the stringent requirements of the electronics industry.
Polycarbonate, a thermoplastic known for its exceptional impact resistance,
transparency, and flame-retardant properties, is well-suited for manufacturing
components in electronic devices.
In consumer electronics, where lightweight and durable
materials are essential, the PC segment stands out for its ability to provide
both structural integrity and aesthetic appeal. The inherent properties of
polycarbonate make it ideal for applications such as laptop casings, smartphone
components, and other electronic housings.
Moreover, the recycling capabilities of polycarbonate
contribute to its dominance in the post-consumer recycled plastics market. As
sustainability becomes a critical focus in the electronics industry, the PC
segment addresses environmental concerns by incorporating recycled content
without compromising on performance or quality.
The dominance of the polycarbonate segment is further
accentuated by the material's versatility in accommodating intricate designs
and functionalities, meeting the evolving demands of the rapidly advancing
consumer electronics sector. As the electronics industry continues to
prioritize eco-friendly solutions, the polycarbonate segment is expected to
maintain its dominant position in the market for post-consumer recycled
plastics in consumer electronics.
Based on the region , Asia Pacific region emerged as
the dominant player in the global Post-consumer Recycled Plastics in Consumer
Electronics market in 2022, holding the largest market share in terms of both
value and volume. owing to a convergence of factors that position the region at
the forefront of sustainable practices and electronics manufacturing. Asia
Pacific is a manufacturing powerhouse, particularly in the consumer electronics
sector. Countries such as China, Japan, and South Korea are major producers of
electronic devices, and the region's dominance in electronics manufacturing has
naturally translated into a significant demand for post-consumer recycled
plastics.
Secondly, the Asia Pacific region has witnessed a
rapid surge in environmental awareness and sustainability initiatives, both
from governments and consumers. As a response to global concerns about plastic
waste and environmental impact, manufacturers in the region are increasingly
incorporating post-consumer recycled plastics in electronic devices to align
with these sustainability goals.
Moreover, the availability of advanced recycling
technologies and the presence of a robust supply chain make the Asia Pacific
region well-equipped to handle and process post-consumer recycled plastics.
This infrastructure advantage further strengthens the region's position as a
dominant player in the global market.
As environmental consciousness continues to grow and
regulations favor sustainable practices, the Asia Pacific region is expected to
maintain its leadership in driving the adoption of post-consumer recycled
plastics in consumer electronics, shaping the industry's trajectory toward a
more circular and eco-friendly future.
Major companies operating in Global Post-consumer
Recycled Plastics in Consumer Electronics Market are:
- BASF SE
- Saudi Basic Industries Corporation
(SABIC)
- Covestro AG
- Trinseo SA
- MBA Polymers, Inc.
- INEOS Styrolution Group GmbH
- LAVERGNE, Inc.
- PolyVisions
Download Free Sample Report
Customers can also request for 10% free customization
on this report
“The Post-consumer Recycled Plastics in Consumer
Electronics Market is undergoing a transformative shift driven by technological
innovations aimed at enhancing sustainability in the electronics industry.
Advanced recycling technologies are enabling the production of high-quality
post-consumer recycled plastics suitable for electronic applications.
Innovations in material science ensure that recycled plastics possess the
necessary mechanical, thermal, and electrical properties for use in consumer
electronics without compromising performance. Circular design principles, smart
engineering practices, and digital technologies are promoting the efficient
recycling and traceability of post-consumer plastics throughout the electronics
supply chain. Industry-wide standards and certifications provide transparency
and assurance regarding the responsible use of recycled materials.
Collectively, these technological advancements reflect a commitment to reducing
electronic waste, fostering a circular economy, and meeting the growing demand
for eco-friendly consumer electronics,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based management consulting firm.
“Post-consumer Recycled Plastics in Consumer
Electronics Market – Global Industry Size, Share, Trends, Opportunity, &
Forecast 2018-2028 By Type (Polycarbonate (PC), Polycarbonate/Acrylonitrile
Butadiene Styrene (PC/ABS), Polyethylene Terephthalate (PET), Polystyrene (PS),
Polypropylene (PP), Acrylonitrile Butadiene Styrene (ABS)), By Source
(Non-bottle Rigid, Bottles, Other), By Application (TV Frames, Laptop Monitor
Enclosures, LCD Panels, Portable Hand-held Devices, Wearables, Mobile Phone
Bodies, Appliances & White Goods and Others), By Region, Competition”, has evaluated
the future growth potential of Global Post-consumer Recycled Plastics in
Consumer Electronics 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 in Consumer Electronics Market.
Contact
TechSci Research
LLC
420 Lexington
Avenue, Suite 300,
New York, United
States- 10170
Tel: +1-332-258-6602
Email: [email protected]
Website: www.techsciresearch.com