United States Plastic Recycling Market Introduction and Overview
According to SPER Market Research, the United States Plastic Recycling Market is estimated to reach USD 5.07 billion by 2033 with a CAGR of 8.11%.
The report includes an in-depth analysis of the United States Plastic Recycling Market, including market size and trends, product mix, applications, and supplier analysis. Plastic recycling is the practice of collecting trash or used plastic materials and transforming them into new products. This process involves collecting, sorting, cleaning, and processing plastic trash in order to create a new material that can be used to generate other products. The primary goal of plastic recycling is to reduce the quantity of plastic trash that ends up in landfills and oceans while also conserving natural resources by employing recovered plastic rather than new plastic. It is an essential component of waste management and environmental conservation initiatives.
- In October 2022, Indorama Venturas announced the opening of a PET Value bottle-to-bottle recycling factory in the Philippines in collaboration with Coca-Cola Beverages Philippines.
- In February 2022, Indorama Venturas announced the acquisition of UCY Polymers CZ s.r.o. (UCY), a Czech Republic-based PET plastic recycler. By 2025, the Czech Republic will have recycled around 1.12 billion additional post-consumer PET (polyethylene terephthalate) plastic bottles annually.
Market Opportunities and Challenges
Opportunities- The industry is expanding due in large part to growing awareness of the harmful effects of plastic waste on the environment, including harm to animals and ocean pollution. As a result, there is an increased need for plastic recycling in order to reduce plastic waste and its negative environmental impact. The sector for plastic recycling is also fueled by the increased demand for sustainable and eco-friendly products from businesses and consumers. Businesses are using more and more recycled plastic in their products, which has raised the material's demand. The government initiatives aimed at increasing recycling and decreasing plastic waste should present the plastic recycling sector with several opportunities. Governments everywhere are implementing rules and regulations to incentivize companies to use recycled plastics and reduce their plastic waste.
Challenges- The size of the plastic recycling market may be hampered by a few significant obstacles in addition to the numerous industry drivers. One of the main challenges is the lack of infrastructure and financing for facilities that recycle plastic, especially in underdeveloped countries. This might obstruct the growth of the plastic recycling market in underdeveloped nations by making it more difficult to collect, sift, and handle plastic garbage.
Market Competitive Landscape
The United States Plastic Recycling Market is a highly competitive arena due to the presence of multiple global and regional companies in the competitive environment. Leading companies in the industry are Agilyx, Brightmark LLC, PLASTIPAK HOLDINGS, INC, MBA Polymers Inc, CUSTOM POLYMERS, UltrePET LLC, KW Plastics, Carbonlite Inc, Seraphim Plastics, Post Plastic Inc, and Others.
Scope of the Report:
| Report Metric | Details |
Market size available for
years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Product, By Process, By End-User
|
| Regions covered | Northeast, Southwest, West, Southeast, Midwest
|
| Companies Covered | Agilyx, Brightmark LLC, PLASTIPAK HOLDINGS, INC, MBA Polymers Inc, CUSTOM POLYMERS, UltrePET LLC, KW Plastics, Carbonlite Inc, Seraphim Plastics, Post Plastic Inc.
|
COVID-19 Impact on United States Plastic Recycling Market
COVID-19 caused a large increase in demand for plastics in the food and beverage, healthcare, and pharmaceutical industries. However, improper disposal of plastics due to disruptions in waste collection and labour shortages as a result of lockdown measures reduced plastic collection rates, which had a detrimental impact on the plastic recycling sector. However, the growing number of recycling programmes implemented by municipal or regional governments, as well as increased investment on plastic recycling infrastructure, are expected to have a favourable impact on the United States Plastic Recycling market over the forecast period.
Key Target Audience:
- Consumers
- Environmental organizations
- Government agencies
- Manufacturers
- Non-profit organizations
- Plastic recyclers
- Retailers
- Waste management companies
Our in-depth analysis of the United States Plastic Recycling Market includes the following segments:
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By Product:
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Polyethylene
Polyethylene Terephthalate
Polypropylene
Polyvinyl Chloride
Polystyrene
Others
|
|
By Process:
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Chemical Recycling
Mechanical Recycling
|
|
By End-Users:
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Building & Construction
Packaging
Electrical & Electronics
Textiles
Automotive
Others
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Key Topics Covered in the Report:
- United States Plastic Recycling Market Size (FY’2024-FY’2033)
- Overview of United States Plastic Recycling Market
- Segmentation of United States Plastic Recycling Market by Product (Polyethylene, Polyethylene Terephthalate, Polypropylene, Polyvinyl Chloride, Polystyrene)
- Segmentation of United States Plastic Recycling Market by Process (Chemical Recycling, Mechanical Recycling)
- Segmentation of United States Plastic Recycling Market by End-User (Building & Construction, Packaging, Electrical & Electronics, Textiles, Automotive, Others)
- Statistical Snap of United States Plastic Recycling Market
- Expansion Analysis of United States Plastic Recycling Market
- Problems and Obstacles in United States Plastic Recycling Market
- Competitive Landscape in the United States Plastic Recycling Market
- Impact of COVID-19 and Demonetization on United States Plastic Recycling Market
- Details on Current Investment in United States Plastic Recycling Market
- Competitive Analysis of United States Plastic Recycling Market
- Prominent Players in the United States Plastic Recycling Market
- SWOT Analysis of United States Plastic Recycling Market
- United States Plastic Recycling Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the United States Plastic Recycling Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. United States Plastic Recycling Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in United States Plastic Recycling Market
7. United States Plastic Recycling Market, By Product (USD Million) 2020-2033
7.1. United States Plastic Recycling Market Size, Share and Forecast, By Product, 2020-2026
7.2. United States Plastic Recycling Market Size, Share and Forecast, By Product, 2027-2033
7.3. Polyethylene
7.3.1. High-Density Polyethylene
7.3.2. Low Density Polyethylene
7.3.3. Linear Low-Density Polyethylene
7.4. Polyethylene Terephthalate
7.5. Polypropylene
7.6. Polyvinyl Chloride
7.7. Polystyrene
7.8. Others
8. United States Plastic Recycling Market, By Process (USD Million) 2020-2033
8.1. United States Plastic Recycling Market Size, Share and Forecast, By Process, 2020-2026
8.2. United States Plastic Recycling Market Size, Share and Forecast, By Process, 2027-2033
8.3. Chemical Recycling
8.4. Mechanical Recycling
9. United States Plastic Recycling Market, By End-Users (USD Million) 2020-2033
9.1. United States Plastic Recycling Market Size, Share and Forecast, By End-Users, 2020-2026
9.2. United States Plastic Recycling Market Size, Share and Forecast, By End-Users, 2027-2033
9.3. Building & Construction
9.4. Packaging
9.5. Electrical & Electronics
9.6. Textiles
9.7. Automotive
9.8. Others
10. United States Plastic Recycling Market Forecast, 2020-2033 (USD Million)
10.1. United States Plastic Recycling Market Size and Market Share
11. United States Plastic Recycling Market, By Region, 2020-2033 (USD Million)
11.1. United States Plastic Recycling Market Size and Market Share By Region (2020-2026)
11.2. United States Plastic Recycling Market Size and Market Share By Region (2027-2033)
11.3. Northeast
11.4. Southwest
11.5. West
11.6. Southeast
11.7. Midwest
12. Company Profile
12.1. Agilyx
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. Brightmark LLC
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. PLASTIPAK HOLDINGS, INC
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. MBA Polymers Inc
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. CUSTOM POLYMERS
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. UltrePET LLC
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments
12.7. KW Plastics
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. Carbonlite Inc
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. Seraphim Plastics
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. Post Plastic Inc
12.10.1. Company details
12.10.2. Financial outlook
12.10.3. Product summary
12.10.4. Recent developments
12.11. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
