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Showing posts with the label Post-consumer Recycled Plastics Market

Recycling for a Sustainable Future: The Growth of Post-Consumer Recycled Plastics

  Post-consumer Recycled Plastics  Industry Overview   The global post-consumer recycled plastics market size is expected to reach USD 21.64 billion by 2030, registering a CAGR of 10.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing environmental concerns, growing urbanization, industrialization, and rising concerns to reduce the carbon footprint in the manufacturing of plastic resin are expected to drive the market   Demand for post-consumer recycled plastics is expected to increase majorly in the packaging application and various industries, including electrical and electronics, food and beverages, automotive, and textiles. Fast-moving consumer goods (FMCG) and food and beverage are the primary sectors driving the demand for post-consumer recycled plastics. In addition, post-consumer recycled plastics are used in the production of various plastics. Rising environmental concerns and various government regulations to re...

Post-consumer Recycled Plastics Market size is expected to reach USD 21.64 billion by 2030

  Post-Consumer Recycled Plastics  Industry Overview The global post-consumer recycled plastics market size was estimated at USD 10.66 billion in 2023 and is expected to grow at a CAGR of 10.7% from 2024 to 2030.   The market growth can be attributed to the rising sustainability measures undertaken by food & beverage and packaging companies to use recycled plastic materials. Growing efforts for a circular economy by end-users and increasing adoption of recycled plastics in the packaging, textiles, and other end-use industries are anticipated to drive the global demand for post-consumer recycled (PCR) plastics.Technological advancements in recycling to produce highly effective and advanced post-recycled plastics have been one of the major market drivers.   Gather more insights about the market drivers, restrains and growth of the   Post-Consumer Recycled Plastics Market   For instance, in October 2023, Repsol S.A. and Signode Industrial Gr...