South and Central America Recycled Plastic Market Forecast to 2028

South and Central 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)

Report Code : BMIRE00025547 | Region : LAMEA | Industry : Chemicals and Materials | Published Date : 10/Aug/2022

The South & Central America recycled plastic market is expected to grow from US$ 2,529.34 million in 2021 to US$ 4,001.37 million by 2028; it is estimated to grow at a CAGR of 6.9% from 2021 to 2028.

Increasing packaging, automotive and electrical and electronics sector is a major driver of recycled plastics. The automotive sector is witnessing tremendous growth due to increasing passenger car sales and new vehicle production in emerging economies, which is driving the market growth. 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 light weight 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 plastic. Recycling another plastic for food packaging is difficult when compared to polyethylene terephthalate, which results in an inadequate supply of food-grade recycled plastics. The current situation of inadequate supply of food grade recycled plastic is encouraging investment in market, supporting the recycled plastic growth in 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.

South & Central America Recycled Plastic Market Revenue and Forecast to 2028 (US$ Million)

South & Central America Recycled Plastic Market Segmentation

The South & Central America recycled plastic market is segmented into type, source, application, and country. Based on type, the market is categorized into polyethylene terephthalate, polyethylene, polypropylene, polystyrene, and others. In terms of source, the South & Central 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. In terms of country, the South & Central America recycled plastic market is segmented into Brazil, Argentina, and the Rest of South & Central America.

South & Central America Recycled Plastic Market – Companies Mentioned

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

At 6.9% CAGR, the South and Central America Recycled Plastic Market is speculated to be worth US$ 4001.37 million by 2028, says The Insight Partners

According to The Insight Partners’ research, the South and Central America recycled plastic market was valued at US$ 2529.34 million in 2021 and is expected to reach US$ 4001.37 million by 2028, registering an annual growth rate of 6.9% from 2021 to 2028. Increasing adoption of recycled plastics in packaging, automotive, and electrical & electronic industries and rising expansion of construction industry are the critical factors attributed to the market expansion.

Increasing construction activities in emerging economies are significantly boosting the market for recycled plastics. Rising rapid urbanization with an increasing population is driving the demand for recycled plastic in construction. Growing demand for more environment-friendly homes with a lower carbon footprint and open green spaces is augmenting the growth of recycled plastic. Further, roofing titles are an essential part of any building and take considerable money to install. Recycled plastics are used to build roofing titles, which are less expensive than other construction materials. Investors' rising awareness regarding environmental protection also drives recycled plastic in construction materials and more ecologically viable home designs. Increasing government expenditure and investment to improve domestic infrastructure and sustain the economic growth of recycled plastic in the construction industry, especially in developing countries, are the major factors, among others, driving the market growthOn the contrary, high costs associated with instruments used in genomic studies of South and Central America recycled plastic market.

Based on type , the South and Central America recycled plastic market is polyethylene terephthalate, polyethylene, polypropylene, polystyrene, and others .The polyethylene terephthalate segment held 45.8% market share in 2021, amassing US$ 1159.65 million. It is projected to garner US$ 1825.58 million by 2028 to expand at 6.8% CAGR during 2021–2028.

Based on source , the South and Central America recycled plastic market is divided into plastic bottles, plastic films, plastic foams, plastic fibers, and others. The plastic bottles segment held 59.4% market share in 2021, amassing US$ 1501.91 million. It is projected to garner US$ 2405.04 million by 2028 to expand at 7.1% CAGR during 2021–2028.

Based on application ,the South and Central America recycled plastic market is divided into packaging, textile, automotive, building and construction, electrical and electronics, and others. The packaging segment held 52.0% market share in 2021, amassing US$ 1314.92 million. It is projected to garner US$ 2110.82 million by 2028 to expand at 7.1% CAGR during 2021–2028.

Based on country, the South and Central America recycled plastic market has been categorised into the Brazil , Argentina and Rest of South and Central America. Our regional analysis states that Brazil captured 45.5% market share in 2021. It was assessed at US$ 1151.84 million in 2021 and is likely to hit US$ 1920.10 million by 2028, exhibiting a CAGR of 7.7% during the forecast period.

Key players dominating the South and Central America recycled plastic market are Remondis SE & Co. Kg; Veolia; Alpek S.A.B. de C.V.; and Plastipak Holdings Inc.and among others.

In Dec 2021, Veolia and L'Oréal join forces to manufacture cosmetic packaging made from recycled plastic.

In Mar-2022, Republic services advances circularity with nation's first integrated plastics recycling facility.

TABLE OF CONTENTS

1. Introduction

1.1 The Insight Partners Research Report Guidance

1.2 Market Segmentation

1.2.1 South and Central America Recycled Plastic Market, by Type

1.2.2 South and Central America Recycled Plastic Market, by Source

1.2.3 South and Central America Recycled Plastic Market, by Application

1.2.4 South and Central America Recycled Plastic Market, by Country

2. Key Takeaways

3. Research Methodology

3.1 Scope of the Study

3.1.1 South and Central 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. South and Central 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. South and Central 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. South and Central America Recycled Plastic –Market Analysis

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

6.2 South and Central America Recycled Plastic Market –Volume and Forecast to 2028 (Kilo Tons)

7. South and Central America Recycled Plastics Market Analysis – By Type

7.1 Overview

7.1.1 South and Central America: South and Central America Recycled Plastic Market, by Type

7.2 Polyethylene Terephthalate

7.2.1 Overview

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

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

7.3 Polyethylene

7.3.1 Overview

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

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

7.4 Polypropylene

7.4.1 Overview

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

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

7.5 Polystyrene

7.5.1 Overview

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

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

7.6 Others

7.6.1 Overview

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

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

8. South and Central America Recycled Plastics Market Analysis – By Source

8.1 Overview

8.1.1 South and Central America: South and Central America Recycled Plastic Market, by Source

8.2 Plastic Bottles

8.2.1 Overview

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

8.3 Plastic Films

8.3.1 Overview

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

8.4 Plastic Foams

8.4.1 Overview

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

8.5 Plastic Fibers

8.5.1 Overview

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

8.6 Others

8.6.1 Overview

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

9. South and Central America Recycled Plastics Market Analysis – By Application

9.1 Overview

9.1.1 South and Central America: South and Central America Recycled Plastic Market, by Application

9.2 Packaging

9.2.1 Overview

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

9.3 Textile

9.3.1 Overview

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

9.4 Automotive

9.4.1 Overview

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

9.7 Others

9.7.1 Overview

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

10. South and Central America Recycled Plastic Market – Country Analysis

10.1 South and Central America: South and Central America Recycled Plastic Market

10.1.1 South and Central America: South and Central America Recycled Plastic Market – Analysis and Forecast to 2028 (US$ Million)

10.1.2 South and Central America: South and Central America Recycled Plastic Market, by Key Country

10.1.2.1 Brazil: South and Central America Recycled Plastic Market –Analysis and Forecast to 2028 (US$ Million)

10.1.2.1.1 Brazil: South and Central America Recycled Plastic Market, by Type

10.1.2.1.2 Brazil: South and Central America Recycled Plastic Market, by Source

10.1.2.1.3 Brazil: South and Central America Recycled Plastic Market, by Application

10.1.2.2 Argentina: South and Central America Recycled Plastic Market –Analysis and Forecast to 2028 (US$ Million)

10.1.2.2.1 Argentina: South and Central America Recycled Plastic Market, by Type

10.1.2.2.2 Argentina: South and Central America Recycled Plastic Market, by Source

10.1.2.2.3 Argentina: South and Central America Recycled Plastic Market, by Application

10.1.2.3 Rest of South and Central America: South and Central America Recycled Plastic Market –Analysis and Forecast to 2028 (US$ Million)

10.1.2.3.1 Rest of South and Central America: South and Central America Recycled Plastic Market, by Type

10.1.2.3.2 Rest of South and Central America: South and Central America Recycled Plastic Market, by Source

10.1.2.3.3 Rest of South and Central America: South and Central America Recycled Plastic 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 Veolia

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

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 Plastipak Holdings Inc.

12.4.1 Key Facts

12.4.2 Business Description

12.4.3 Financial Overview

12.4.4 SWOT Analysis

12.4.5 Key Developments

13. Appendix

13.1 About The Insight Partners

13.2 Glossary of Terms

LIST OF TABLES.

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

Table 2.             South and Central America Recycled Plastic Market –Volume and Forecast to 2028 (Kilo Tons)

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

Table 4.             South and Central America Recycled Plastic Market, by Type – Volume and Forecast to 2028 (Kilo Tons)

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

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

Table 7.             Brazil South and Central America Recycled Plastic Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 8.             Brazil South and Central America Recycled Plastic Market, by Type – Volume and Forecast to 2028 (Kilo Tons)

Table 9.             Brazil South and Central America Recycled Plastic Market, by Source– Revenue and Forecast to 2028 (US$ Million)

Table 10.          Brazil South and Central America Recycled Plastic Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 11.          Argentina South and Central America Recycled Plastic Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 12.          Argentina South and Central America Recycled Plastic Market, by Type – Volume and Forecast to 2028 (Kilo Tons)

Table 13.          Argentina South and Central America Recycled Plastic Market, by Source– Revenue and Forecast to 2028 (US$ Million)

Table 14.          Argentina South and Central America Recycled Plastic Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 15.          Rest of South and Central America Recycled Plastic Market, by Type – Revenue and Forecast to 2028 (US$ Million)

Table 16.          Rest of South and Central America Recycled Plastic Market, by Type – Volume and Forecast to 2028 (Kilo Tons)

Table 17.          Rest of South and Central America Recycled Plastic Market, by Source– Revenue and Forecast to 2028 (US$ Million)

Table 18.          Rest of South and Central America Recycled Plastic Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 19.          Glossary of Terms, South and Central America Recycled Plastic Market

LIST OF FIGURES.

Figure 1.           South and Central America Recycled Plastic Market Segmentation

Figure 2.           South and Central America Recycled Plastic Market Overview

Figure 3.           South and Central America Recycled Plastic Market, By Application

Figure 4.           South and Central America Recycled Plastic Market, by Country

Figure 5.           Porter’s Five Forces Analysis of South and Central America Recycled Plastic Market

Figure 6.           South and Central America Recycled Plastic Market, Ecosystem

Figure 7.           Expert Opinion

Figure 8.           South and Central America Recycled Plastic Market Impact Analysis of Drivers and Restraints

Figure 9.           South and Central America Recycled Plastic Market – Revenue and Forecast to 2028 (US$ Mn)

Figure 10.        South and Central America Recycled Plastic Market –Volume and Forecast to 2028 (Kilo Tons)

Figure 11.        South and Central America: South and Central America Recycled Plastic Market Revenue Share, by Type (2021 and 2028)

Figure 12.        Polyethylene Terephthalate: South and Central America Recycled Plastics Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 13.        Polyethylene Terephthalate: South and Central America Recycled Plastics Market –Volume and Forecast To 2028 (Kilo Tons)

Figure 14.        Polyethylene: South and Central America Recycled Plastics Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 15.        Polyethylene: South and Central America Recycled Plastics Market –Volume and Forecast To 2028 (Kilo Tons)

Figure 16.        Polypropylene: South and Central America Recycled Plastics Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 17.        Polypropylene: South and Central America Recycled Plastics Market –Volume and Forecast To 2028 (Kilo Tons)

Figure 18.        Polystyrene: South and Central America Recycled Plastics Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 19.        Polystyrene: South and Central America Recycled Plastics Market –Volume and Forecast To 2028 (Kilo Tons)

Figure 20.        Others: South and Central America Recycled Plastics Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 21.        Others: South and Central America Recycled Plastics Market –Volume and Forecast To 2028 (Kilo Tons)

Figure 22.        South and Central America: South and Central America Recycled Plastic Market Revenue Share, by Source (2021 and 2028)

Figure 23.        Plastic Bottles: South and Central America Recycled Plastics Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 24.        Plastic Films: South and Central America Recycled Plastics Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 25.        Plastic Foams: South and Central America Recycled Plastics Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 26.        Plastic Fibers: South and Central America Recycled Plastics Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 27.        Others: South and Central America Recycled Plastics Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 28.        South and Central America: South and Central America Recycled Plastic Market Revenue Share, by Application (2021 and 2028)

Figure 29.        Packaging: South and Central America Recycled Plastics Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 30.        Textile: South and Central America Recycled Plastics Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 31.        Automotive: South and Central America Recycled Plastics Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 32.        Building and Construction: South and Central America Recycled Plastics Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 33.        Electrical and Electronics: South and Central America Recycled Plastics Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 34.        Others: South and Central America Recycled Plastics Market – Revenue and Forecast To 2028 (US$ Mn)

Figure 35.        Overview : South and Central America Recycled Plastic Market (US$ Million)

Figure 36.        South and Central America: South and Central America Recycled Plastic Market Revenue Share, by Key Country (2021 and 2028)

Figure 37.        Brazil: South and Central America Recycled Plastic Market –Revenue and Forecast to 2028 (US$ Million)

Figure 38.        Brazil: South and Central America Recycled Plastic Market –Volume and Forecast to 2028 (Kilo Tons)

Figure 39.        Argentina: South and Central America Recycled Plastic Market –Revenue and Forecast to 2028 (US$ Million)

Figure 40.        Argentina: South and Central America Recycled Plastic Market –Volume and Forecast to 2028 (Kilo Tons)

Figure 41.        Rest of South and Central America: South and Central America Recycled Plastic Market –Revenue and Forecast to 2028 (US$ Million)

Figure 42.        Rest of South and Central America: South and Central America Recycled Plastic Market –Volume and Forecast to 2028 (Kilo Tons)

The List of Companies - South and Central America Recycled Plastic Market

● Remondis SE & Co. Kg

● Veolia

● Alpek S.A.B. de C.V.

● Plastipak Holdings Inc.

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South and Central 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 South and Central 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 South and Central 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.

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