North America Recycled Plastic Market Forecast to 2028

Report Code : BMIRE00025546 | Region : North America | Industry : Chemicals and Materials | Published Date : 10/Aug/2022
North America Recycled Plastic Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Polyethylene Terephthalate, Polyethylene, Polypropylene, Polystyrene, and Others), Source (Plastic Bottles, Plastic Films, Plastic Foams, Plastic Fibers, and Others), and Application (Packaging, Textile, Automotive, Building and Construction, Electrical and Electronics, and Others)

The North America recycled plastic market is expected to grow from US$ 9,369.99 million in 2021 to US$ 16,889.88 million by 2028; it is estimated to grow at a CAGR of 8.9% from 2021 to 2028.

The growing packaging, automotive, and electrical & electronics sectors is a major driver for the recycled plastic market. The automotive sector is witnessing tremendous growth due to increasing passenger car sales and rising new vehicle production in emerging economies. Automotive companies use recycled plastics in auto parts such as dashboards and gearboxes. The main reason for using recycled plastic in automotive is that the components manufactured using recycled plastics are lightweight, and a lighter car consumes less fuel, which also translates into less exhaust emissions. In addition, plastic parts are not prone to corrosion and offer flexibility and safety compared to other plastics. As per the International Organization of Motor Vehicle Manufacturers (OICA), countries in North America recorded over ~16.2 million commercial and passenger car production in 2010, which grew by more than 23% and registered over ~20 million commercial and passenger production in 2019. The surge in automobile manufacturing is boosting the demand for recycled plastics, thereby driving the market. Furthermore, the packaging industry has created lucrative opportunities for recycled packaging. Recycled materials are advancing in various industries such as food & beverages, cosmetics, and consumer goods. In the food & beverages industry, the consumption of recycled plastics is increasing. It is used in the form of films, containers, and bottles to pack the food. With the increasing population, the demand for recycled plastic is increasing. Factors such as increasing awareness about issues with plastic disposal in landfills and rising formulation regulations are bolstering the recycled plastic market growth. Recycling another plastic for food packaging is difficult compared to polyethylene terephthalate, resulting in an inadequate supply of food-grade recycled plastics. The current situation of inadequate supply of food-grade recycled plastic is encouraging investments in the market, supporting the demand for recycled plastic in the packaging industry.

With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the recycled plastic market at a notable CAGR during the forecast period.

North America Recycled Plastic Market Revenue and Forecast to 2028 (US$ Million)

North America Recycled Plastic Market Segmentation

The North America recycled plastic market is segmented into type, source, application, and country. Based on type, the market is segmented into polyethylene terephthalate, polyethylene, polypropylene, polystyrene, and others. In terms of source, the North America recycled plastic market is segmented into plastic bottles, plastic films, plastic foams, plastic fibers, and others. Based on application, the market is segmented into packaging, textile, automotive, building and construction, electrical and electronics, and others. Based on country, the North America recycled plastic market is segmented into the US, Mexico, and Canada.

North America Recycled Plastic Market – Companies Mentioned

Biffa, Remondis SE & Co. Kg, Veolia, Jayplas, Alpek S.A.B. de C.V., and Plastipak Holdings Inc. are among the major companies operating in the North America recycled plastic market.

The List of Companies - North America Recycled Plastic Market

● Biffa

● Remondis SE & Co. Kg

● Veolia

● Jayplas

● Alpek S.A.B. de C.V.

● Plastipak Holdings Inc.

TABLE OF CONTENTS

1. Introduction

1.1 The Insight Partners Research Report Guidance

1.2 Market Segmentation

1.2.1 North America Recycled Plastic Market, by Type

1.2.2 North America Recycled Plastic Market, by Source

1.2.3 North America Recycled Plastic Market, by Application

1.2.4 North America Recycled Plastic Market, by Country

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.1.1 North America Recycled Plastic Market, by Process, Grade, and Application

3.2 Research Methodology

3.2.1 Data Collection:

3.2.2 Primary Interviews:

3.2.3 Hypothesis formulation:

3.2.4 Macro-economic factor analysis:

3.2.5 Developing base number:

3.2.6 Data Triangulation:

3.2.7 Country level data:

4. North America Recycled Plastic Market Landscape

4.1 Market Overview

4.2 Porter’s Five Forces Analysis

4.2.1 Threat of New Entrants:

4.2.2 Bargaining Power of Suppliers:

4.2.3 Bargaining Power of Buyers:

4.2.4 Competitive Rivalry:

4.2.5 Threat of Substitutes:

4.3 Ecosystem Analysis

4.3.1 Overview:

4.3.2 Raw Material Suppliers:

4.3.3 Manufacturers

4.3.4 Distributors

4.3.5 End-User

4.4 Expert Opinion

5. North America Recycled Plastic Market – Key Market Dynamics

5.1 Market Drivers

5.1.1 Increasing Adoption of Recycled Plastics in Packaging, Automotive, and Electrical & Electronic Industries

5.1.2 Rising Expansion of Construction Industry

5.2 Market Restraints

5.2.1 Inadequate Supply of Recycled Plastics Leads to Preference for Virgin Plastic

5.3 Market Opportunities

5.3.1 Rising Stringent Government Regulations to Upsurge the Recycling Rate of Plastics

5.4 Future Trends

5.4.1 Rising Innovation in Plastic Recycling

5.5 Impact Analysis of Drivers and Restraints

6. North America Recycled Plastic – Country Market Analysis

6.1 North America Recycled Plastic Market –Revenue and Forecast to 2028 (US$ Mn)

6.2 North America Recycled Plastic Market –Revenue and Forecast to 2028 (Kilo Tons)

7. North America Recycled Plastics Market Analysis – By Type

7.1 Overview

7.1.1 North America: North America Recycled Plastics Market, by Type

7.2 Polyethylene Terephthalate

7.2.1 Overview

7.2.2 Polyethylene Terephthalate: North America Recycled Plastics Market – Revenue and Forecast to 2028 (US$ Mn)

7.2.3 Polyethylene Terephthalate: North America Recycled Plastics Market –Volume and Forecast to 2028 (Kilo Tons)

7.3 Polyethylene

7.3.1 Overview

7.3.2 Polyethylene: North America Recycled Plastics Market – Revenue and Forecast to 2028 (US$ Mn)

7.3.3 Polyethylene: North America Recycled Plastics Market –Volume and Forecast to 2028 (Kilo Tons)

7.4 Polypropylene

7.4.1 Overview

7.4.2 Polypropylene: North America Recycled Plastics Market – Revenue and Forecast to 2028 (US$ Mn)

7.4.3 Polypropylene: North America Recycled Plastics Market –Volume and Forecast to 2028 (Kilo Tons)

7.5 Polystyrene

7.5.1 Overview

7.5.2 Polystyrene: North America Recycled Plastics Market – Revenue and Forecast to 2028 (US$ Mn)

7.5.3 Polystyrene: North America Recycled Plastics Market –Volume and Forecast to 2028 (Kilo Tons)

7.6 Others

7.6.1 Overview

7.6.2 Others: North America Recycled Plastics Market – Revenue and Forecast to 2028 (US$ Mn)

7.6.3 Others: North America Recycled Plastics Market –Volume and Forecast to 2028 (Kilo Tons)

8. North America Recycled Plastics Market Analysis – By Source

8.1 Overview

8.1.1 North America: North America Recycled Plastics Market, by Source

8.2 Plastic Bottles

8.2.1 Overview

8.2.2 Plastic Bottles: North America Recycled Plastics Market – Revenue and Forecast to 2028 (US$ Mn)

8.3 Plastic Films

8.3.1 Overview

8.3.2 Plastic Films: North America Recycled Plastics Market – Revenue and Forecast to 2028 (US$ Mn)

8.4 Plastic Foams

8.4.1 Overview

8.4.2 Plastic Foams: North America Recycled Plastics Market – Revenue and Forecast to 2028 (US$ Mn)

8.5 Plastic Fibers

8.5.1 Overview

8.5.2 Plastic Fibers : North America Recycled Plastics Market – Revenue and Forecast to 2028 (US$ Mn)

8.6 Others

8.6.1 Overview

8.6.2 Others: North America Recycled Plastics Market – Revenue and Forecast to 2028 (US$ Mn)

9. North America Recycled Plastics Market Analysis – By Application

9.1 Overview

9.1.1 North America: North America Recycled Plastics Market, by Application

9.2 Packaging

9.2.1 Overview

9.2.2 Packaging: North America Recycled Plastics Market – Revenue and Forecast to 2028 (US$ Mn)

9.3 Textile

9.3.1 Overview

9.3.2 Textile: North America Recycled Plastics Market – Revenue and Forecast to 2028 (US$ Mn)

9.4 Automotive

9.4.1 Overview

9.4.2 Automotive: North America Recycled Plastics Market – Revenue and Forecast to 2028 (US$ Mn)

9.5 Building and Construction

9.5.1 Overview

9.5.2 Building and Construction: North America Recycled Plastics Market – Revenue and Forecast to 2028 (US$ Mn)

9.6 Electrical and Electronics

9.6.1 Overview

9.6.2 Electrical and Electronics: North America Recycled Plastics Market – Revenue and Forecast to 2028 (US$ Mn)

9.7 Others

9.7.1 Overview

9.7.2 Others: North America Recycled Plastics Market – Revenue and Forecast to 2028 (US$ Mn)

10. North America Recycled Plastic Market – Country Analysis

10.1 North America: North America Recycled Plastics Market

10.1.1 North America: North America Recycled Plastics Market – Analysis and Forecast to 2028 (US$ Million)

10.1.2 North America: North America Recycled Plastics Market, by Key Country

10.1.2.1 US: North America Recycled Plastics Market –Analysis and Forecast to 2028 (US$ Million)

10.1.2.1.1 US: North America Recycled Plastics Market, by Type

10.1.2.1.2 US: North America Recycled Plastics Market, by Source

10.1.2.1.3 US: North America Recycled Plastics Market, by Application

10.1.2.2 Canada: North America Recycled Plastics Market –Analysis and Forecast to 2028 (US$ Million)

10.1.2.2.1 Canada: North America Recycled Plastics Market, by Type

10.1.2.2.2 Canada: North America Recycled Plastics Market, by Source

10.1.2.2.3 Canada: North America Recycled Plastics Market, by Application

10.1.2.3 Mexico: North America Recycled Plastics Market –Analysis and Forecast to 2028 (US$ Million)

10.1.2.3.1 Mexico: North America Recycled Plastics Market, by Type

10.1.2.3.2 Mexico: North America Recycled Plastics Market, by Source

10.1.2.3.3 Mexico: North America Recycled Plastics Market, by Application

11. Industry Landscape

11.1 Overview

11.1.1 Market Initiative

11.2 New Product Development

11.3 Merger and Acquisition

12. Company Profiles

12.1 Remondis SE & Co. Kg

12.1.1 Key Facts

12.1.2 Business Description

12.1.3 Products and Services

12.1.4 Financial Overview

12.1.5 SWOT Analysis

12.1.6 Key Developments

12.2 Stericycle Inc.

12.2.1 Key Facts

12.2.2 Business Description

12.2.3 Products and Services

12.2.4 Financial Overview

12.2.5 SWOT Analysis

12.2.6 Key Developments

12.3 Veolia

12.3.1 Key Facts

12.3.2 Business Description

12.3.3 Products and Services

12.3.4 Financial Overview

12.3.5 SWOT Analysis

12.3.6 Key Developments

12.4 Alpek S.A.B. de C.V.

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Products and Services

12.4.4 Financial Overview

12.4.5 SWOT Analysis

12.4.6 Key Developments

12.5 Republic Services, Inc.

12.5.1 Key Facts

12.5.2 Business Description

12.5.3 Products and Services

12.5.4 Financial Overview

12.5.5 SWOT Analysis

12.5.6 Key Developments

12.6 B & B Plastics Inc.

12.6.1 Key Facts

12.6.2 Business Description

12.6.3 Products and Services

12.6.4 Financial Overview

12.6.5 SWOT Analysis

12.6.6 Key Developments

12.7 Clear Path Recycling

12.7.1 Key Facts

12.7.2 Business Description

12.7.3 Products and Services

12.7.4 Financial Overview

12.7.5 SWOT Analysis

12.7.6 Key Developments

12.8 Plastipak Holdings Inc.

12.8.1 Key Facts

12.8.2 Business Description

12.8.3 Financial Overview

12.8.4 SWOT Analysis

12.8.5 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Glossary of Terms

LIST OF TABLES.

Table 1.             North America Recycled Plastic Market –Revenue and Forecast to 2028 (US$ Mn)

Table 2.             North America Recycled Plastic Market –Revenue and Forecast to 2028 (Kilo Tons)

Table 3.             North America North America Recycled Plastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 4.             North America North America Recycled Plastics Market, by Type – Volume and Forecast to 2028 (Kilo Tons)

Table 5.             North America North America Recycled Plastics Market, by Source– Revenue and Forecast to 2028 (US$ Million)

Table 6.             North America North America Recycled Plastics Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 7.             US North America Recycled Plastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 8.             US North America Recycled Plastics Market, by Type – Volume and Forecast to 2028 (Kilo Tons)

Table 9.             US North America Recycled Plastics Market, by Source– Revenue and Forecast to 2028 (US$ Million)

Table 10.          US North America Recycled Plastics Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 11.          Canada North America Recycled Plastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 12.          Canada North America Recycled Plastics Market, by Type – Volume and Forecast to 2028 (Kilo Tons)

Table 13.          Canada North America Recycled Plastics Market, by Source– Revenue and Forecast to 2028 (US$ Million)

Table 14.          Canada North America Recycled Plastics Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 15.          Mexico North America Recycled Plastics Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 16.          Mexico North America Recycled Plastics Market, by Type – Volume and Forecast to 2028 (Kilo Tons)

Table 17.          Mexico North America Recycled Plastics Market, by Source– Revenue and Forecast to 2028 (US$ Million)

Table 18.          Mexico North America Recycled Plastics Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 19.          Glossary of Terms, North America Recycled Plastic Market

The List of Companies - North America Recycled Plastic Market

● Biffa

● Remondis SE & Co. Kg

● Veolia

● Jayplas

● Alpek S.A.B. de C.V.

● Plastipak Holdings Inc.

Reason To Buy

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America Recycled Plastics Market.

● Highlights key business priorities in order to assist companies to realign their business strategies.

● The key findings and recommendations highlight crucial progressive industry trends in North America Recycled Plastics Market, thereby allowing players across the value chain to develop effective long-term strategies.

● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

● Scrutinize in-depth North America market trends and outlook coupled with the factors driving the market, as well as those hindering it.

● Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.

AVAILABLE CUSTOMIZATION RESEARCH METHODOLOGY REQUEST FOR TOC FREE SAMPLE REPORT
CHOOSE LICENCE TYPE
(North America Recycled Plastic Market Forecast to 2028 )
  • Single User Price $3,000$2,400
  • Site Price $4,000$3,200
  • Enterprise Price $5,000$4,000
Buy Now Add to Cart
REQUEST FOR TOC
SPEAK TO ANALYST
FREE SAMPLE
REPORT
INQUIRE BEFORE
BUYING
TOP
Quick Enquiry