North America Plastic Recycling Market is expected to expand at a CAGR of 13.1% from 2021 to 2028
North America Plastic Recycling Industry Overview The North America plastic recycling market size was valued at USD 2.9 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 13.1% from 2021 to 2028. Changing consumer behaviour towards sustainability is driving the market in North America. Increasing concerns related to plastic pollution, harmful emissions from the use of petrochemicals, and fluctuating crude oil prices have been driving the demand for plastic recycling. Increasing use of recycled plastics in several industries such as textiles, automotive, packaging, and electrical and electronics, and building and construction is anticipated to boost the demand for plastic recycling in the U.S. and Canada. Rising concerns over the use of plastics, increasing demand for alternatives to conventional plastics have been observed in the market. End-use industries in the market are shifting their focus toward the us...