North America Recycled Plastics Market (2024-2030) | Revenue, Value, Outlook, Forecast, Growth, Share, Trends, Companies, Industry, Analysis & Size

North America Recycled Plastics Market Highlight

Report Name	North America Recycled Plastics Market
Forecast period	2024-2030
CAGR	6.9%
Growing Sector	Construction

Topics Covered in North America Recycled Plastics Market Report

North America Recycled Plastics Market report thoroughly covers the market by countries, plastic type, application and raw material. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

North America Recycled Plastics Market Synopsis

North America Recycled Plastics Market is experiencing significant growth and projected to attain more growth in the coming years due to increasing awareness regarding environmental sustainability and the benefits of recycling. The market is driven by various factors, including stringent government regulations encouraging recycling, technological advancements in recycling processes, and a growing preference for eco-friendly materials among consumers and corporations. Recycled plastics are used in a wide range of applications, from packaging and automotive parts to construction materials and consumer goods.

According to 6Wresearch, North America Recycled Plastics Market size is expected to grow at a CAGR of 6.9% during 2024-2030. Several factors are driving the growth of North America Recycled Plastics Market such as continuous improvements in recycling technologies, including chemical recycling and advanced sorting techniques, enhance the efficiency and quality of recycled plastics. These innovations make recycling processes more cost-effective and scalable. Additionally, stricter environmental regulations at both federal and state levels mandate recycling and the use of recycled materials. Policies such as plastic import bans and waste management laws are crucial in pushing the market forward. Apart from this, growing consumer demand for sustainable and eco-friendly products. Companies are responding by incorporating more recycled plastics into their products and packaging,

However, North America Recycled Plastics Market faces few restraints such as quality and contamination. Impurities and inconsistent material properties can limit the usability of recycled plastics in high-performance applications. Additionally, the presence of contaminants requires thorough cleaning and sorting processes, increasing production costs. Furthermore, price of virgin plastics is closely tied to oil prices. When oil prices are low, virgin plastic production becomes cheaper, making it a more attractive option compared to recycled plastics. This price competitiveness can adversely affect the demand for recycled plastics and pose a significant challenge for market growth.

North America Recycled Plastics Market: Leading Players

The key players include Waste Management, Republic Services, Veolia North America, Plastipak Holdings, Merlin Plastics, CarbonLite Industries. These companies, along with many others, drive the recycled plastics market forward, ensuring that North America continues to progress toward a more sustainable and circular economy. Their efforts in research, innovation, and investment significantly bolster the industry’s capacity to meet the growing demand for recycled materials.

North America Recycled Plastics Market: Government Regulations

North America Recycled Plastics Market is growing and government’s regulation and policies are helping in extension of the market. Governments at the federal, state, and local levels have enacted numerous regulations and policies to support recycling efforts. These include mandates on recycling rates, restrictions on single-use plastics, and incentives for businesses adopting sustainable practices. Additionally, accelerate the adoption of recycling technologies, government bodies provide financial support in the form of grants and funding opportunities. These funds are allocated to research and development projects, infrastructure improvements, and community recycling programs, thereby fostering innovation and increasing recycling capacities.

Future Insights of the Market

The future of North America Recycled Plastics Market looks promising due to various factors such as technological advancements, increased consumer awareness, and robust governmental support. Emerging innovations such as advanced sorting technologies, chemical recycling processes, and the development of biodegradable plastics are set to revolutionize the industry. Additionally, Increased consumer demand for eco-friendly products is another strong driver shaping the future landscape. As more individuals become conscious of their environmental footprint, the preference for products made from recycled materials is growing. This shift in consumer behaviour is expected to create new market opportunities and encourage manufacturers to incorporate more recycled content into their products.

Market Segmentation by Countries

According to Ravi Bhandari, Research Head, 6Wresearch, United States is poised for considerable growth in coming years due to the nation's strong regulatory framework and robust industry initiatives. The U.S. government, through programs like the Plastics Innovation Challenge, continually pushes for advancements in recycling technologies and the reduction of plastic waste.

Market Segmentation by Plastic Type

Polyethylene Terephthalate (PET) is predicted to see substantial growth in coming years attributed to its wide usage in packaging, particularly for beverages and food items. The high recyclability of PET combined with robust initiatives to reduce single-use plastics positions this material for significant future expansion.

Market Segmentation by Application

Construction sector offers robust opportunities for growth in coming years due to their diverse uses and strong regulatory support. Recycled plastics can be found in a variety of building materials, such as insulation, piping, and decking.

Market Segmentation by Raw Material

Plastic bottles is expected to exhibit strong growth in coming years due to the increasing emphasis on reducing plastic waste and heightening consumer awareness regarding sustainability, plastic bottles—primarily made of PET—are at the forefront of recycling initiatives.

Key Attractiveness of the Report

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023.
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• North America Recycled Plastics Market Outlook
• Market Size of North America Recycled Plastics Market, 2020
• Forecast of North America Recycled Plastics Market, 2030
• Historical Data and Forecast of North America Recycled Plastics Revenues & Volume for the Period 2020 - 2030
• North America Recycled Plastics Market Trend Evolution
• North America Recycled Plastics Market Drivers and Challenges
• North America Recycled Plastics Price Trends
• North America Recycled Plastics Porter's Five Forces
• North America Recycled Plastics Industry Life Cycle
• Historical Data and Forecast of North America Recycled Plastics Market Revenues & Volume By Plastic Type for the Period 2020 - 2030
• Historical Data and Forecast of North America Recycled Plastics Market Revenues & Volume By Polyethylene Terephthalate (Pet) for the Period 2020 - 2030
• Historical Data and Forecast of North America Recycled Plastics Market Revenues & Volume By High Density Polyethylene (Hdpe) for the Period 2020 - 2030
• Historical Data and Forecast of North America Recycled Plastics Market Revenues & Volume By Polypropylene (Pp) for the Period 2020 - 2030
• Historical Data and Forecast of North America Recycled Plastics Market Revenues & Volume By Low Density Polyethylene (Ldpe) for the Period 2020 - 2030
• Historical Data and Forecast of North America Recycled Plastics Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of United States Recycled Plastics Market Revenues & Volume By Plastic Type for the Period 2020 - 2030
• Historical Data and Forecast of United States Recycled Plastics Market Revenues & Volume By Polyethylene Terephthalate (Pet) for the Period 2020 - 2030
• Historical Data and Forecast of United States Recycled Plastics Market Revenues & Volume By High Density Polyethylene (Hdpe) for the Period 2020 - 2030
• Historical Data and Forecast of United States Recycled Plastics Market Revenues & Volume By Polypropylene (Pp) for the Period 2020 - 2030
• Historical Data and Forecast of United States Recycled Plastics Market Revenues & Volume By Low Density Polyethylene (Ldpe) for the Period 2020 - 2030
• Historical Data and Forecast of United States Recycled Plastics Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of Canada Recycled Plastics Market Revenues & Volume By Plastic Type for the Period 2020 - 2030
• Historical Data and Forecast of Canada Recycled Plastics Market Revenues & Volume By Polyethylene Terephthalate (Pet) for the Period 2020 - 2030
• Historical Data and Forecast of Canada Recycled Plastics Market Revenues & Volume By High Density Polyethylene (Hdpe) for the Period 2020 - 2030
• Historical Data and Forecast of Canada Recycled Plastics Market Revenues & Volume By Polypropylene (Pp) for the Period 2020 - 2030
• Historical Data and Forecast of Canada Recycled Plastics Market Revenues & Volume By Low Density Polyethylene (Ldpe) for the Period 2020 - 2030
• Historical Data and Forecast of Canada Recycled Plastics Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of North America Recycled Plastics Market Revenues & Volume By Application for the Period 2020 - 2030
• Historical Data and Forecast of North America Recycled Plastics Market Revenues & Volume By Non-food Contact Packaging for the Period 2020 - 2030
• Historical Data and Forecast of North America Recycled Plastics Market Revenues & Volume By Food Contact Packaging for the Period 2020 - 2030
• Historical Data and Forecast of North America Recycled Plastics Market Revenues & Volume By Construction for the Period 2020 - 2030
• Historical Data and Forecast of North America Recycled Plastics Market Revenues & Volume By Automotive for the Period 2020 - 2030
• Historical Data and Forecast of North America Recycled Plastics Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of United States Recycled Plastics Market Revenues & Volume By Application for the Period 2020 - 2030
• Historical Data and Forecast of United States Recycled Plastics Market Revenues & Volume By Non-food Contact Packaging for the Period 2020 - 2030
• Historical Data and Forecast of United States Recycled Plastics Market Revenues & Volume By Food Contact Packaging for the Period 2020 - 2030
• Historical Data and Forecast of United States Recycled Plastics Market Revenues & Volume By Construction for the Period 2020 - 2030
• Historical Data and Forecast of United States Recycled Plastics Market Revenues & Volume By Automotive for the Period 2020 - 2030
• Historical Data and Forecast of United States Recycled Plastics Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of Canada Recycled Plastics Market Revenues & Volume By Application for the Period 2020 - 2030
• Historical Data and Forecast of Canada Recycled Plastics Market Revenues & Volume By Non-food Contact Packaging for the Period 2020 - 2030
• Historical Data and Forecast of Canada Recycled Plastics Market Revenues & Volume By Food Contact Packaging for the Period 2020 - 2030
• Historical Data and Forecast of Canada Recycled Plastics Market Revenues & Volume By Construction for the Period 2020 - 2030
• Historical Data and Forecast of Canada Recycled Plastics Market Revenues & Volume By Automotive for the Period 2020 - 2030
• Historical Data and Forecast of Canada Recycled Plastics Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of North America Recycled Plastics Market Revenues & Volume By Raw Material for the Period 2020 - 2030
• Historical Data and Forecast of North America Recycled Plastics Market Revenues & Volume By Plastic Bottles for the Period 2020 - 2030
• Historical Data and Forecast of North America Recycled Plastics Market Revenues & Volume By Plastic Films for the Period 2020 - 2030
• Historical Data and Forecast of North America Recycled Plastics Market Revenues & Volume By Rigid Plastic And Foam for the Period 2020 - 2030
• Historical Data and Forecast of North America Recycled Plastics Market Revenues & Volume By Fibres for the Period 2020 - 2030
• Historical Data and Forecast of North America Recycled Plastics Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of United States Recycled Plastics Market Revenues & Volume By Raw Material for the Period 2020 - 2030
• Historical Data and Forecast of United States Recycled Plastics Market Revenues & Volume By Plastic Bottles for the Period 2020 - 2030
• Historical Data and Forecast of United States Recycled Plastics Market Revenues & Volume By Plastic Films for the Period 2020 - 2030
• Historical Data and Forecast of United States Recycled Plastics Market Revenues & Volume By Rigid Plastic And Foam for the Period 2020 - 2030
• Historical Data and Forecast of United States Recycled Plastics Market Revenues & Volume By Fibres for the Period 2020 - 2030
• Historical Data and Forecast of United States Recycled Plastics Market Revenues & Volume By Others for the Period 2020 - 2030
• Historical Data and Forecast of Canada Recycled Plastics Market Revenues & Volume By Raw Material for the Period 2020 - 2030
• Historical Data and Forecast of Canada Recycled Plastics Market Revenues & Volume By Plastic Bottles for the Period 2020 - 2030
• Historical Data and Forecast of Canada Recycled Plastics Market Revenues & Volume By Plastic Films for the Period 2020 - 2030
• Historical Data and Forecast of Canada Recycled Plastics Market Revenues & Volume By Rigid Plastic And Foam for the Period 2020 - 2030
• Historical Data and Forecast of Canada Recycled Plastics Market Revenues & Volume By Fibres for the Period 2020 - 2030
• Historical Data and Forecast of Canada Recycled Plastics Market Revenues & Volume By Others for the Period 2020 - 2030
• North America Recycled Plastics Market - Key Performance Indicators
• North America Recycled Plastics Market - Import Export Trade Statistics
• North America Recycled Plastics Market - Opportunity Assessment By Countries
• North America Recycled Plastics Market - Opportunity Assessment By Plastic Type
• North America Recycled Plastics Market - Opportunity Assessment By Application
• North America Recycled Plastics Market - Opportunity Assessment By Raw Material
• North America Recycled Plastics Market - Top Companies Market Share
• North America Recycled Plastics Market - Top Companies Profiles
• North America Recycled Plastics Market - Comparison of Players in Technical and Operating Parameters
• North America Recycled Plastics Market - Strategic Recommendations
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Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Countries

• United States
• Canada

By Plastic Type

• Polyethylene Terephthalate (Pet)
• High Density Polyethylene (HDPE)
• Polypropylene (PP)
• Low Density Polyethylene (LDPE)
• Others

By Application

• Non-Food Contact Packaging
• Food Contact Packaging
• Construction
• Automotive
• Others

By Raw Material

• Plastic Bottles
• Plastic Films
• Rigid Plastics and Foam
• Fibres
• Others