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North America Recycled Plastics Market: By Type: Polyethylene Terephthalate (PET), High-Density Polyethylene (HDPE), Polypropylene (PP), Others; By Raw Material; By Application; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments
North America Recycled Plastics Market Outlook
The North America recycled plastics market is expected to grow at a CAGR of 5.2% during the period 2023-2028.
The North America Recycled Plastics Market Likely to be Driven by Consumer Pressure, and Government Regulations
Government regulations and rising consumer pressure to adopt sustainable business activities is forcing firms to take up environmentally friendly alternatives. Consumers are increasingly displaying sensitivity towards how plastic products negatively affect the environment, and taking into consideration plastic recyclability and the possibility of the plastic item ending up in a landfill.
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Packaging, in particular, has come to become a significant factor affecting purchase decisions of socially aware consumers. Indeed, companies neglecting consumer sentiment towards eco-friendly packaging might see a negative effect on their margins. The government also is making efforts to encourage plastic recycling. In 2020, the U.S. Department of Energy (DOE) announced to fund twelve projects to support the advancement advanced plastics recycling technologies. The expenditure towards funding amounted to over UDS $27 million. Thus, a combination of consumer pressure and government regulations is likely to drive the North America recycled plastics market during the period 2023-2028. PET (polyethylene terephthalate) is extensively used in the manufacture of soft drink plastic bottles, and food and liquid containers. PET is also used for extrusion of sutures, implantable textiles and tubing for angioplasty balloons. Thus, the PET segment is expected to lead the North America recycled plastics market.
In 2021, the Consortium of Carbios, L’Oréal, Nestlé Waters, PepsiCo and Suntory Beverage & Food Europe, announced the successful manufacture of the world’s first food-grade PET plastic bottles made completely from enzymatically recycled plastic. Each Consortium firm has produced, successfully, sample bottles on the basis of Carbios’ enzymatic PET recycling technology for a few of their key products including Biotherm, Perrier, Pepsi Max and Orangina. Carbios created a new process using an enzyme that naturally occurs in compost heaps and normally breaks down leaf membranes of dead plants. Carbios optimized this enzyme through technology, and made possible the breaking down of any type of PET plastic into its components, which can be refashioned into like-new virgin-quality plastic.
In 2016, a group of trade associations and non-profits announced the formation of the North American Plastics Recycling Alliance (NAPRA) to significantly grow plastics recycling in the United States and Canada.
In recent years, several leading companies have displayed commitment towards adoption of recycled plastics. For example, Coca-Cola claims that nearly 88% of its packaging products were made of recycled plastics in 2019, and aims to take the figure to100% by 2025.
Walmart has also increased the PCR (post-consumer resin) percentage employed in its private label packaging in North America from nearly 7% in 2019 to almost 9% in 2020 (Walmart includes Canada, the U.S. and Mexico in its North America calculations), and aims to achieve 20% PCR in North America and 17% globally by 2025.
In 2021, Coca-Cola Trademark brands (Coke, Diet Coke, Coke Zero Sugar, Coca-Cola Flavors) announced the introduction of a 13.2-oz. bottle made of 100% recycled PET (rPET) plastic in USA to encourage recycling and the creation of a circular economy. More than 94% of the company’s North American packaging is currently recyclable.
Clearly, major companies are striving towards increased use of recycled plastic.
North America Recycled Plastics Market Segmentation
By type, the market is segmented into:
- Polyethylene Terephthalate (PET)
- High-Density Polyethylene (HDPE)
- Polypropylene (PP)
- Low-density Polyethylene (LDPE)
- Others
By raw-material, the market is classified into:
- Plastic Bottles
- Plastic Films
- Rigid Plastic and Foams
- Fibres
- Others
By application, the market is segmented into:
- Food Contact Packaging
- Packaging
- Construction
- Automotive
- Others
By region, the market is classified into:
- United States
- Canada
Key Industry Players in the North America Recycled Plastics Market
The report presents a detailed analysis of the following key players in the market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- GFL Environmental Inc.
- KW Plastics
- MBA Polymers Inc.
- UltrePET, LLC
- Brightmark LLC
- Seraphim Plastics
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Raw Material, Application, Region |
| Breakup by Type | Polyethylene Terephthalate (PET), High-Density Polyethylene (HDPE), Polypropylene (PP), Low-density Polyethylene (LDPE), Others |
| Breakup by Raw Material | Plastic Bottles, Plastic Films, Rigid Plastic and Foams, Fibres, Others |
| Breakup by Application | Food Contact Packaging, Packaging, Construction, Automotive, Others |
| Breakup by Region | United States, Canada |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | GFL Environmental Inc., KW Plastics, MBA Polymers Inc., UltrePET, LLC, Brightmark LLC, Seraphim Plastics, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 North America
7 Opportunities and Challenges in the Market
8 North America Recycled Plastics Market Analysis
8.1 Key Industry Highlights
8.2 North America Recycled Plastics Historical Market (2018-2022)
8.3 North America Recycled Plastics Market Forecast (2023-2028)
8.4 North America Recycled Plastics Market by Type
8.4.1 Polyethylene Terephthalate (PET)
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 High-Density Polyethylene (HDPE)
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Polypropylene (PP)
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Low-density Polyethylene (LDPE)
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Others
8.5 North America Recycled Plastics Market by Raw Material
8.5.1 Plastic Bottles
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Plastic Films
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Rigid Plastic and Foams
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Fibres
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Others
8.6 North America Recycled Plastics Market by Application
8.6.1 Food Contact Packaging
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Packaging
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Construction
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Automotive
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Others
8.7 North America Recycled Plastics Market by Region
8.7.1 Market Share
8.7.1.1 United States
8.7.1.2 Canada
9 Regional Analysis
9.1 United States
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Competitive Landscape
12.1 Market Structure
12.2 Company Profiles
12.2.1 GFL Environmental Inc.
12.2.1.1 Company Overview
12.2.1.2 Product Portfolio
12.2.1.3 Demographic Reach and Achievements
12.2.1.4 Certifications
12.2.2 KW Plastics
12.2.2.1 Company Overview
12.2.2.2 Product Portfolio
12.2.2.3 Demographic Reach and Achievements
12.2.2.4 Certifications
12.2.3 MBA Polymers Inc.
12.2.3.1 Company Overview
12.2.3.2 Product Portfolio
12.2.3.3 Demographic Reach and Achievements
12.2.3.4 Certifications
12.2.4 UltrePET, LLC
12.2.4.1 Company Overview
12.2.4.2 Product Portfolio
12.2.4.3 Demographic Reach and Achievements
12.2.4.4 Certifications
12.2.5 Brightmark LLC
12.2.5.1 Company Overview
12.2.5.2 Product Portfolio
12.2.5.3 Demographic Reach and Achievements
12.2.5.4 Certifications
12.2.6 Seraphim Plastics
12.2.6.1 Company Overview
12.2.6.2 Product Portfolio
12.2.6.3 Demographic Reach and Achievements
12.2.6.4 Certifications
12.2.7 Others
13 Key Trends and Developments in the Market
List of Key Figures and Tables
1. North America Recycled Plastics Market: Key Industry Highlights, 2018 and 2028
2. North America Recycled Plastics Historical Market: Breakup by Type (USD Million), 2018-2022
3. North America Recycled Plastics Market Forecast: Breakup by Type (USD Million), 2023-2028
4. North America Recycled Plastics Historical Market: Breakup by Raw Material (USD Million), 2018-2022
5. North America Recycled Plastics Market Forecast: Breakup by Raw Material (USD Million), 2023-2028
6. North America Recycled Plastics Historical Market: Breakup by Application (USD Million), 2018-2022
7. North America Recycled Plastics Market Forecast: Breakup by Application (USD Million), 2023-2028
8. North America Recycled Plastics Historical Market: Breakup by Region (USD Million), 2018-2022
9. North America Recycled Plastics Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Recycled Plastics Market Structure
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