|
Forecast
Period
|
2024-2028
|
|
Market
Size (2022)
|
USD 12.76 billion
|
|
CAGR
(2023-2028)
|
9.75%
|
|
Fastest
Growing Segment
|
TV
Frames
|
|
Largest
Market
|
North
America
|
Market Overview
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. In
the era of rapid technological advancements and heightened environmental
awareness, the global consumer electronics industry is witnessing a paradigm
shift towards sustainability. The market for post-consumer recycled plastics in
consumer electronics is driven by a confluence of factors reflecting the
industry's commitment to sustainable practices and consumer demand for
eco-friendly products. The escalating electronic waste (e-waste) crisis,
stringent environmental regulations, and a growing emphasis on corporate social
responsibility are propelling the adoption of recycled plastics in the consumer
electronics sector.
Consumer
electronics manufacturers are increasingly incorporating post-consumer recycled
plastics into their products to reduce environmental impact and meet
sustainability goals. The use of recycled plastics not only addresses the
challenge of e-waste but also aligns with the broader global initiative to
create a circular economy by promoting the recycling and reuse of materials.
The
market for post-consumer recycled plastics in consumer electronics spans the
globe, with major players operating on an international scale. Regions such as
North America, Europe, Asia Pacific, and Latin America contribute significantly
to the market's growth. Each region exhibits unique trends influenced by
factors such as regulatory frameworks, consumer preferences, and the
development of recycling infrastructure.
North
America, with its robust consumer electronics market and stringent
environmental regulations, is a key player in the adoption of post-consumer
recycled plastics. Europe, known for its progressive stance on sustainability,
has witnessed a surge in demand for recycled materials in electronic devices.
The Asia Pacific region, driven by a burgeoning consumer electronics market and
increasing environmental consciousness, presents substantial opportunities for
market expansion.
Post-consumer
recycled plastics find versatile applications in a range of consumer
electronics, from smartphones and laptops to home appliances. The most common
types of recycled plastics used include polyethylene terephthalate (PET),
acrylonitrile butadiene styrene (ABS), polycarbonate (PC), and high-impact
polystyrene (HIPS). These recycled plastics are employed in casings, frames,
components, and packaging of electronic devices.
Smartphones,
being ubiquitous in today's society, are a significant application area for
post-consumer recycled plastics. Manufacturers are increasingly using recycled
plastics for phone casings, reducing the environmental footprint of these
widely used devices. Laptops and tablets also incorporate recycled plastics,
contributing to a more sustainable lifecycle for electronic products.
Home
appliances, such as refrigerators, washing machines, and televisions, are
adopting recycled plastics for their casings and structural components. This
shift towards sustainable materials in home electronics aligns with consumer
preferences for environmentally friendly products and reflects the industry's
commitment to reducing its ecological impact.
Several
key trends and opportunities are shaping the market for post-consumer recycled
plastics in consumer electronics, reflecting the industry's response to
evolving demands and environmental consciousness. One notable trend is the
emphasis on closed-loop recycling systems. Manufacturers are establishing
partnerships with recycling facilities to ensure a steady supply of recycled
plastics from end-of-life electronics, creating a closed-loop system that
promotes circularity.
The
demand for transparency in the supply chain is another trend gaining traction. Consumers
are increasingly seeking information about the sustainability practices of
electronics manufacturers, prompting companies to provide clear and verifiable
data on the use of recycled materials in their products. This trend emphasizes
the importance of traceability and accountability in promoting sustainable
practices.
The
exploration of innovative recycling technologies is creating new opportunities
for the market. Advanced recycling methods, such as chemical recycling and
depolymerization, are being developed to overcome the challenges associated
with traditional mechanical recycling. These technologies have the potential to
enhance the quality of recycled plastics and expand the range of applications
in consumer electronics.
While
the market for post-consumer recycled plastics in consumer electronics holds
immense promise, it faces certain challenges that require strategic
consideration. One significant challenge is the variability in the quality and
availability of recycled plastics. The quality of recycled materials can vary
based on factors such as collection methods, sorting processes, and the types
of electronic devices being recycled. This variability poses challenges for
manufacturers seeking consistent and high-quality recycled plastics for their
products.
The
cost of recycled plastics remains a key consideration for manufacturers. While
the demand for sustainable materials is on the rise, the price of recycled
plastics can be higher than that of virgin materials. Manufacturers must
navigate the economic considerations of using recycled plastics while ensuring
that the benefits in terms of sustainability and brand reputation outweigh the
costs.
Consumer
perception and acceptance of recycled plastics in high-end electronic products
present another challenge. While the adoption of recycled materials is
increasing, some consumers may still associate recycled plastics with lower
quality. Educating consumers about the benefits of recycled plastics and
dispelling myths about their performance is crucial for wider acceptance in
premium electronic devices.
The
market for post-consumer recycled plastics in consumer electronics is a dynamic
and transformative space, reflecting the industry's commitment to
sustainability. As consumer awareness of environmental issues grows, the demand
for electronic devices with reduced environmental impact is on the rise.
Navigating challenges and capitalizing on emerging trends will be key for
stakeholders in this market. The ability to innovate in recycling technologies,
establish transparent supply chains, and address consumer perceptions will
position companies at the forefront of creating a more sustainable future for
consumer electronics.
Key Market Drivers
Increasing demand for
sustainable materials in consumer electronics is Expected to Drive the Demand
for Global Post-consumer Recycled Plastics in Consumer Electronics Market
The
global post-consumer recycled plastics market is experiencing a notable
upswing, driven by the increasing demand for sustainable materials in the
consumer electronics industry. Post-consumer recycled plastics, derived from
used plastic products, offer a compelling solution to the environmental
challenges posed by traditional plastics. As the consumer electronics sector
faces mounting pressure to adopt sustainable practices and reduce its carbon
footprint, the demand for post-consumer recycled plastics is rising, making
them a pivotal component in the pursuit of more environmentally friendly
manufacturing processes.
One
of the primary drivers behind the surge in demand for post-consumer recycled
plastics is the growing awareness of environmental sustainability among
consumers and manufacturers in the consumer electronics industry. With
electronic devices becoming integral to modern life, there is a heightened
focus on mitigating the environmental impact associated with their production
and disposal. Post-consumer recycled plastics, obtained from discarded
electronic devices and other sources, represent a circular and eco-friendly
approach to material sourcing. As consumers increasingly prioritize sustainable
products, electronic manufacturers are compelled to incorporate recycled
plastics into their production processes, aligning with global sustainability
goals.
The
consumer electronics industry, encompassing the production of smartphones,
laptops, tablets, and other electronic gadgets, is at the forefront of the
demand for post-consumer recycled plastics. As the industry experiences rapid
technological advancements and a continuous influx of new electronic devices,
there is a parallel need to address the environmental consequences of
electronic waste. Post-consumer recycled plastics offer a viable solution by
diverting plastic waste from landfills and incineration, reducing the
industry's reliance on virgin plastics, and contributing to the circular
economy.
The
drive towards sustainable materials in consumer electronics extends beyond
environmental concerns to encompass regulatory pressures and industry
initiatives. Many countries and regions are implementing stringent regulations
and standards to curb the environmental impact of plastic waste. In response,
electronic manufacturers are seeking alternatives to conventional plastics,
turning to post-consumer recycled plastics as a key component in their
sustainable material portfolios. Additionally, industry-led initiatives and
certifications, such as e-Stewards and R2 (Responsible Recycling), encourage
the responsible management and recycling of electronic waste, fostering the
adoption of post-consumer recycled plastics in electronic manufacturing.
Moreover,
the adoption of post-consumer recycled plastics in consumer electronics aligns
with the principles of a circular economy, where resources are used, reused,
and recycled to minimize waste and environmental impact. Manufacturers are
recognizing the value of incorporating recycled content into their products,
not only for environmental sustainability but also to meet the evolving
expectations of environmentally conscious consumers. The circularity of
post-consumer recycled plastics complements the lifecycle of electronic
devices, contributing to the reduction of greenhouse gas emissions, energy
consumption, and the overall environmental footprint of the consumer
electronics industry.
The
push for sustainable materials in consumer electronics extends to the packaging
of electronic products, where manufacturers are increasingly adopting recycled
plastics for packaging materials. Post-consumer recycled plastics play a
crucial role in reducing the environmental impact of electronic product
packaging, contributing to the industry's efforts to minimize single-use
plastics and adopt more sustainable packaging solutions. As consumers become
more discerning about the environmental footprint of the entire product
lifecycle, including packaging, the demand for recycled plastics in this sector
is poised to grow.
In
conclusion, the increasing demand for sustainable materials in the consumer
electronics industry is a key driver propelling the growth of the global
post-consumer recycled plastics market. The adoption of recycled plastics in
electronic manufacturing reflects a broader commitment to environmental
sustainability, circular economy principles, and responsible waste management.
As consumers, regulatory bodies, and industry stakeholders converge on the
imperative for sustainable practices, post-consumer recycled plastics emerge as
a crucial solution to address the environmental challenges associated with
plastic waste, contributing to a more sustainable and responsible future for
the consumer electronics industry.
Growing Environmental Concerns
is Expected to Propel the Demand for Global Post-consumer Recycled Plastics in
Consumer Electronics Market Growth
The
global post-consumer recycled plastics market is poised for significant
expansion, driven by the escalating environmental concerns and a heightened
sense of responsibility within the consumer electronics industry. As the world
grapples with the consequences of plastic pollution and the environmental
impact of electronic waste, the demand for sustainable practices has become a
central focus. Post-consumer recycled plastics, derived from used plastic
products, are emerging as a crucial solution to mitigate the adverse effects of
traditional plastics and electronic waste, making them integral to the efforts
to foster a more sustainable and environmentally conscious consumer electronics
market.
One
of the primary catalysts behind the growing demand for post-consumer recycled
plastics is the increasing global awareness of environmental issues,
particularly the detrimental effects of plastic pollution on ecosystems and
marine life. Consumers, activists, and regulatory bodies are placing greater
scrutiny on industries that contribute significantly to plastic waste, with the
consumer electronics sector facing increasing pressure to adopt sustainable
practices. Post-consumer recycled plastics offer a way to address this concern
by diverting plastic waste from landfills and reducing the reliance on virgin
plastics, aligning with the broader environmental goals of waste reduction and
resource conservation.
The
consumer electronics industry, characterized by rapid technological
advancements and a constant influx of new devices, has come under scrutiny for
its contribution to electronic waste. As electronic gadgets become obsolete at
an accelerated pace, the industry is grappling with the environmental
consequences of disposing of electronic products. Post-consumer recycled
plastics present a sustainable alternative to traditional plastics in
electronic device manufacturing, offering a circular approach by incorporating
recycled content into new products. This not only helps manage the growing
e-waste challenge but also reduces the carbon footprint associated with the
production of consumer electronics.
Governmental
regulations and international initiatives aimed at curbing plastic waste are
further propelling the demand for post-consumer recycled plastics in the
consumer electronics market. Many countries are enacting legislation to
restrict the use of single-use plastics and promote the recycling of plastic
materials. In response to these regulatory pressures, electronic manufacturers
are increasingly adopting post-consumer recycled plastics to meet compliance
requirements and contribute to a more sustainable and circular economy.
Additionally, industry-led initiatives, such as the Basel Convention, are
fostering responsible electronic waste management and encouraging the adoption
of recycled materials in electronic manufacturing.
The
urgency to address environmental concerns in the consumer electronics industry
extends beyond plastic pollution to encompass broader issues like carbon
emissions, energy consumption, and resource depletion. The adoption of
post-consumer recycled plastics aligns with the principles of a circular
economy, wherein materials are reused, recycled, and reintegrated into the
production cycle. By utilizing recycled plastics in electronic devices,
manufacturers contribute to reducing the overall environmental impact of their
products, making strides toward a more sustainable and resource-efficient
industry.
Furthermore,
consumers' evolving preferences and values are playing a pivotal role in
shaping the demand for sustainable materials in consumer electronics.
Environmental consciousness has become a key factor influencing purchasing
decisions, with consumers increasingly seeking products that align with their
ethical and sustainability preferences. Electronic manufacturers responding to
this shift are incorporating post-consumer recycled plastics into their
products, not only as a means of reducing environmental impact but also as a
strategy to appeal to a growing market segment that values sustainable
practices.
In
conclusion, the growing environmental concerns, and the imperative to address
plastic pollution and electronic waste are driving the demand for post-consumer
recycled plastics in the consumer electronics market. As industries and
consumers alike recognize the need for sustainable practices, the adoption of
recycled plastics represents a proactive step towards a more environmentally
responsible consumer electronics sector. Post-consumer recycled plastics not
only offer a solution to the challenges of plastic waste and e-waste but also
contribute to a broader paradigm shift toward a circular and sustainable
approach to manufacturing in the consumer electronics industry.
Consumer Demand for
Sustainable Products Propels the Global Post-consumer
Recycled Plastics in Consumer Electronics Market Growth
The
global market for post-consumer recycled plastics is experiencing a substantial
upswing, propelled by the increasing consumer demand for sustainable products
within the consumer electronics industry. As environmental awareness grows
among consumers, there is a discernible shift in purchasing behavior towards
products that align with sustainable and eco-friendly principles. Post-consumer
recycled plastics, derived from used plastic products, have emerged as a
pivotal solution to address concerns related to plastic waste and contribute to
the development of a more sustainable consumer electronics market.
At
the forefront of this transformative trend is the heightened consciousness
among consumers about the environmental impact of their purchasing choices. In
the consumer electronics sector, where innovation and technological
advancements are constant, there is a growing expectation for responsible and
sustainable product design. Post-consumer recycled plastics play a vital role
in meeting these expectations by offering a circular and eco-friendly solution
to the plastic waste predicament. Consumers, increasingly informed about the
consequences of electronic waste and plastic pollution, are actively seeking
products that incorporate recycled materials, contributing to a more
sustainable and circular economy.
The
consumer electronics industry, characterized by the rapid turnover of devices
and the resultant surge in electronic waste, is under pressure to adopt
environmentally friendly practices. Electronic manufacturers are recognizing
the significance of integrating post-consumer recycled plastics into their
products as a strategic response to consumer preferences. Devices made with
recycled plastics not only resonate with environmentally conscious consumers
but also convey a commitment to responsible production practices. This shift
aligns with the broader industry-wide efforts to reduce the carbon footprint
and mitigate the environmental impact associated with the manufacturing of
consumer electronics.
Governmental
initiatives and regulations focused on reducing plastic waste and promoting
circular economy principles are also influencing the surge in demand for
post-consumer recycled plastics in the consumer electronics market. Many
countries are implementing measures to restrict the use of single-use plastics
and encourage the recycling of plastic materials. In response, electronic
manufacturers are adopting recycled plastics not only to meet regulatory
requirements but also to proactively contribute to sustainable practices. The
integration of recycled materials into electronic devices reflects a commitment
to environmentally responsible manufacturing and resonates with the global
movement towards a more sustainable and circular economy.
Additionally,
industry-led initiatives and certifications are playing a crucial role in
driving the adoption of post-consumer recycled plastics. Certifications such as
EPEAT (Electronic Product Environmental Assessment Tool) and programs like the
Sustainable Electronics Recycling International's (SERI) R2 (Responsible
Recycling) Standard encourage responsible electronic waste management and the
use of recycled materials. Manufacturers adhering to these standards gain
credibility and meet the growing demand from consumers who actively seek
electronics with verified sustainability credentials.
The
increasing prominence of post-consumer recycled plastics in consumer
electronics extends beyond environmental considerations to encompass broader
aspects of corporate social responsibility. Companies are recognizing the
importance of demonstrating a commitment to sustainability, not only to meet
consumer expectations but also to align with their own values and ethical
principles. The adoption of recycled plastics becomes a tangible and visible
manifestation of these commitments, enhancing brand reputation and contributing
to a positive corporate image.
In
conclusion, the global market for post-consumer recycled plastics in the
consumer electronics industry is witnessing robust growth, driven by the
escalating demand from environmentally conscious consumers. As sustainability
becomes a central theme in consumer preferences, the integration of recycled
plastics into electronic devices aligns with this shift and represents a
proactive response to environmental challenges. Post-consumer recycled plastics
not only offer a tangible solution to plastic waste but also contribute to
shaping a more sustainable and responsible future for the consumer electronics
industry. The consumer-driven momentum towards sustainable products is not only
reshaping the market but also encouraging a paradigm shift towards greener practices
within the broader electronics manufacturing landscape.
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Key Market Challenges
Limited Availability of
High-quality PCR Plastics Poses a Significant Obstacle to Market Expansion
The
limited availability of high-quality post-consumer recycled (PCR) plastics
stands as a significant obstacle to the market expansion of global
Post-consumer Recycled Plastics in the Consumer Electronics sector. While there
is a growing demand for sustainable materials, the scarcity of consistently
high-grade PCR plastics suitable for consumer electronics hampers widespread
adoption. Variability in feedstock quality, contamination concerns, and
technological challenges in processing PCR materials to meet the stringent
requirements of the electronics industry contribute to this limitation.
Overcoming this obstacle necessitates concerted efforts from industry
stakeholders to invest in advanced recycling technologies, establish robust
quality control measures, and collaborate throughout the supply chain. By
enhancing the availability and quality of PCR plastics, the Post-consumer
Recycled Plastics market can better address the sustainability goals of the
consumer electronics sector, fostering market growth and aligning with the
increasing global emphasis on eco-friendly practices.
Technical Challenges in using
PCR Plastics
Technical
challenges associated with using post-consumer recycled (PCR) plastics pose a
substantial obstacle to the market expansion of global Post-consumer Recycled
Plastics in the Consumer Electronics sector. The demanding requirements for
precision, durability, and aesthetic qualities in consumer electronic products
amplify the complexity of integrating PCR plastics. Issues such as variable
material composition, potential degradation during recycling processes, and
difficulty in achieving consistent quality standards hinder the seamless
incorporation of PCR plastics into electronics manufacturing.
Overcoming
these challenges demands dedicated research and development efforts, innovative
processing technologies, and collaboration across the industry to establish
standardized practices. By addressing these technical hurdles, industry
stakeholders can enhance the performance and reliability of PCR plastics,
making them more viable for use in consumer electronics. This, in turn, will
contribute to the sustainable growth of the Post-consumer Recycled Plastics
market in the global consumer electronics sector.
Key Market Trends
Development of New PCR Plastic
Formulations
The
global Post-consumer Recycled (PCR) Plastics in Consumer Electronics market is experiencing
notable growth, and a significant trend fueling this expansion is the
development of new PCR plastic formulations. This trend underscores the
consumer electronics industry's commitment to sustainability and environmental
responsibility. Manufacturers are actively focusing on creating innovative
plastic formulations that utilize higher percentages of post-consumer recycled
content. This development is particularly crucial as it addresses concerns
about electronic waste and contributes to a circular economy by reducing the
reliance on virgin plastics.
For
example, advancements in the development of new PCR plastic formulations are
evident in the production of electronic device casings, housings, and other
components. These formulations leverage sophisticated blending techniques and
additives to enhance the mechanical and thermal properties of recycled
plastics, ensuring that they meet the stringent requirements of consumer
electronic applications. Companies are striving to strike a balance between
sustainability goals and the need for durable, high-performance materials in
electronic devices.
Furthermore,
the trend aligns with the broader industry shift towards eco-friendly
practices, responding to consumer preferences for products with reduced
environmental impact. Electronics manufacturers are increasingly recognizing
the importance of incorporating post-consumer recycled plastics into their
designs, not only to meet regulatory standards but also to appeal to
environmentally conscious consumers.
In
conclusion, the development of new PCR plastic formulations stands out as a key
trend shaping the growth of the global Post-consumer Recycled Plastics in
Consumer Electronics market. This trend not only signifies a commitment to
sustainable materials but also highlights the industry's proactive approach to
addressing environmental challenges and fostering a more responsible and
circular approach to the production and disposal of consumer electronic
products.
Expanding Applications of PCR
Plastics in Consumer Electronics
The
global Post-consumer Recycled (PCR) Plastics in Consumer Electronics market is
undergoing substantial growth, and a pivotal trend driving this expansion is
the expanding applications of PCR plastics in the consumer electronics sector.
Manufacturers are increasingly recognizing the versatility and performance
capabilities of PCR plastics, leading to their broader integration into various
electronic devices and components. This trend marks a significant departure
from the traditional use of virgin plastics in consumer electronics, reflecting
the industry's commitment to sustainability and circular economy principles.
For
example, PCR plastics are finding expanded applications in the production of
casings, bezels, and structural components of electronic devices. The
advancements in processing technologies and formulation techniques have allowed
for the creation of high-quality PCR plastics with enhanced mechanical and
thermal properties. This enables their utilization in a wider range of
electronic products, including smartphones, laptops, tablets, and audio
devices, without compromising on performance or aesthetics.
Moreover,
the expanding applications of PCR plastics respond to the increasing demand
from consumers for more environmentally friendly electronic products. As
awareness of the environmental impact of electronic waste grows, there is a
growing preference for devices that incorporate recycled materials.
Manufacturers are, therefore, leveraging PCR plastics not only for their
eco-friendly attributes but also for their potential to contribute to a
reduction in the carbon footprint associated with consumer electronics
production.
In
conclusion, the expanding applications of PCR plastics in consumer electronics
represent a key trend shaping the growth of the global Post-consumer Recycled
Plastics in Consumer Electronics market. This trend not only diversifies the
use of recycled materials in electronic devices but also underscores the
industry's responsiveness to consumer preferences for sustainable and
responsibly sourced materials in the products they use.
Segmental Insights
Type Insights
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.
Application Insights
Based
on the application, the Phone Bodies segment established its dominance in the
global market for Post-consumer Recycled Plastics in Consumer Electronics based
on the application, due to several key factors that align with sustainability
goals, consumer preferences, and industry trends. Consumer electronics,
including smartphones, laptops, tablets, and other electronic devices, are
integral parts of modern lifestyles, and the devices segment plays a pivotal
role in driving the demand for post-consumer recycled plastics.
Firstly,
the devices segment encompasses a wide range of electronic products, each with
specific design requirements. Post-consumer recycled plastics, particularly
those derived from materials like polycarbonate, find extensive use in the
manufacturing of device casings, covers, and components. These materials offer
a balance between durability, aesthetics, and environmental consciousness,
making them well-suited for the devices category.
Secondly,
the increasing emphasis on sustainable and eco-friendly practices in the
consumer electronics industry has led to a surge in demand for recycled
plastics. Consumers are becoming more environmentally conscious, driving
manufacturers to adopt recycled materials for electronic devices. The devices
segment responds to this demand by integrating post-consumer recycled plastics
into the production process, contributing to a more circular and sustainable
electronics ecosystem.
Furthermore,
regulatory initiatives and corporate sustainability goals encourage the
adoption of recycled materials in electronics manufacturing. The devices
segment, being at the forefront of consumer electronics innovation, plays a
central role in meeting these environmental objectives by incorporating
post-consumer recycled plastics, thereby establishing their dominance in the
global market.
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Regional Insights
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.
Recent Developments
- In
2023, Mobil has introduced a sustainability initiative by launching 50%
Post-Consumer Recycled (PCR) plastic pails, a pioneering move in lubricating
oil packaging in India. This initiative underscores Mobil’s commitment to
reducing plastic waste, promoting the use of recycled materials, and supporting
customers in achieving their sustainability goals.
- In
203, Belkin, based in Playa Vista, California, is unveiling a material refresh
for its best-selling mobile power products. The update includes using 73-75%
postconsumer recycled plastics (PCR) in the product housing materials for
various wireless chargers, power banks, wall, and car chargers. The company
also emphasizes its commitment to plastic-free packaging for these products,
marking a significant step towards sustainable practices in consumer
electronics.
Key Market Players
- BASF
SE
- Saudi
Basic Industries Corporation (SABIC)
- Covestro
AG
- Trinseo
SA
- MBA
Polymers, Inc.
- INEOS
Styrolution Group GmbH
- LAVERGNE,
Inc.
- PolyVisions
|
By Type
|
By Application
|
By Source
|
By Region
|
- Polycarbonate (PC)
- Polycarbonate/Acrylonitrile
Butadiene Styrene (PC/ABS)
- Polyethylene Terephthalate (PET)
- Polystyrene (PS)
- Polypropylene (PP)
- Acrylonitrile Butadiene Styrene
(ABS)
|
- TV Frames
- Laptop Monitor Enclosures
- LCD Panels
- Portable Hand-held Devices
- Wearables
- Mobile Phone Bodies
- Appliances & White Goods
- Others
|
- Non-bottle Rigid
- Bottles
- Other
|
- North America
- Europe
- Asia Pacific
- South America
- Middle East & Africa
|
Report Scope:
In this report, the Global Post-consumer Recycled
Plastics in Consumer Electronics Market has been segmented into the following
categories, in addition to the industry trends which have also been detailed
below:
- Post-consumer Recycled Plastics in Consumer
Electronics Market, By
Type:
o Polycarbonate (PC)
o Polycarbonate/Acrylonitrile Butadiene Styrene
(PC/ABS)
o Polyethylene Terephthalate (PET)
o Polystyrene (PS)
o Polypropylene (PP)
o Acrylonitrile Butadiene Styrene (ABS)
- Post-consumer Recycled Plastics in Consumer
Electronics Market, By
Application:
o TV Frames
o Laptop Monitor Enclosures
o LCD Panels
o Portable Hand-held Devices
o Wearables
o Mobile Phone Bodies
o Appliances & White Goods
o Others
- Post-consumer Recycled Plastics in Consumer
Electronics Market, By
Source:
o Non-bottle Rigid
o Bottles
o Others
- Post-consumer Recycled Plastics in Consumer
Electronics Market, By Region:
o North America
§ United States
§ Canada
§ Mexico
o Europe
§ France
§ United Kingdom
§ Italy
§ Germany
§ Spain
o Asia-Pacific
§ China
§ India
§ Japan
§ Australia
§ South Korea
o South America
§ Brazil
§ Argentina
§ Colombia
o Middle East & Africa
§ South Africa
§ Saudi Arabia
§ UAE
§ Kuwait
§ Turkey
§ Egypt
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Post-consumer
Recycled Plastics in Consumer Electronics Market.
Available Customizations:
Global Post-consumer Recycled Plastics in Consumer
Electronics market report with the given market data, Tech Sci Research
offers customizations according to a company's specific needs. The following
customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional
market players (up to five).
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Recycled Plastics in Consumer Electronics Market is an upcoming report to be
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