PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1584623
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1584623
United States Plastic Recycling Market, By Product; By Process; By End User, Trend Analysis, Competitive Landscape & Forecast, 2019-2030
United States Plastic Recycling Market Booming at 7.9% CAGR to Touch USD 4 Billion by 2030
United States Plastic Recycling Market is expanding primarily due to heightened awareness about environmental impact of plastic pollution, stringent government regulations, and rapid adoption of advancements in recycling technology.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated United States Plastic Recycling Market size by value at USD 2.32 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects United States Plastic Recycling Market size to expand at a CAGR of 7.9% reaching a value of USD 3.9 billion by 2030. The Plastic Recycling Market in United States is propelled by increasing concerns about plastic pollution, the environmental impact of petrochemicals, and fluctuating crude oil prices. Industries across sectors, from construction to electronics, are increasingly adopting recycled plastics, which offer a more sustainable alternative to virgin materials. Leading companies like Coca-Cola and Nestle are incorporating recycled materials into their packaging, and investments in advanced recycling technologies are poised to further revolutionize the industry. These factors are creating lucrative opportunities for market participants as they capitalize on the growing demand for sustainable solutions.
Mechanical Recycling Process Segment Holds Larger Market Share
The mechanical recycling segment accounts for a larger share of United States Plastic Recycling Market by process, due to the effectiveness of mechanical process in reducing a company's carbon footprint. The process involves physically transforming plastic waste from residential and commercial sources into recycled polymers, preserving their molecular structure. The recycled polymers can then be used to manufacture a diverse range of new products across various industries, including automotive, textiles, electrical and electronics, packaging, and construction.
Impact of Escalating Geopolitical Tensions on United States Plastic Recycling Market
Intensifying geopolitical tensions could have a multifaceted impact on United States Plastic Recycling Market. Disruptions in international supply chains and trade barriers could curtail the availability of raw materials and recycled plastics, driving up costs and hindering access to critical recycling technologies. Moreover, strained diplomatic relations may impede global efforts to enhance recycling standards and practices. As geopolitical tensions intensify, governments may shift their focus and resources away from sustainability initiatives, potentially hindering the development of advanced recycling infrastructure and the adoption of eco-friendly practices.
Competitive Landscape
United States Plastic Recycling Market is highly fragmented, with numerous players serving the market. The key players dominating United States Plastic Recycling Market include Agilyx, Brightmark LLC, Plastipak Holdings, Inc., Custom Polymers, MBA Polymers Inc., Freepoint Eco-Systems LLC, Industrial Plastic Recycling Inc., KW Plastics, Seraphim Plastics, and Carbonlite Inc. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and United States Plastic Recycling Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in United States Plastic Recycling Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. United States Plastic Recycling Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Growing awareness of plastic pollution
- 3.2.1.2. Governments and municipalities stricter regulations to reduce plastic waste
- 3.2.1.3. Innovations in recycling technologies
- 3.2.2. Restraints
- 3.2.2.1. High concern regarding contamination.
- 3.2.2.2. Inconsistent recycling infrastructure and collection systems
- 3.2.3. Opportunities
- 3.2.3.1. Increasing demand for recycled plastics in various industries
- 3.2.3.2. Government policies and incentives to encourage investment in plastic recycling infrastructure and technologies
- 3.2.3.3. Increasing consumer awareness of plastic waste and environmental hazards
- 3.2.4. Challenges
- 3.2.4.1. Limited infrastructure for plastic recycling
- 3.2.4.2. Competition from other countries in the global plastic recycling market
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. United States Plastic Recycling Market: Marketing Strategies
5. United States Plastic Recycling Market: Pricing Analysis
6. United States Plastic Recycling Market Overview
- 6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share and Forecast
- 6.2.1. By Product
- 6.2.1.1. Polyethylene
- 6.2.1.2. Polyethylene Terephthalate
- 6.2.1.3. Polypropylene
- 6.2.1.4. Polyvinyl Chloride
- 6.2.1.5. Polystyrene
- 6.2.1.6. Others
- 6.2.2. By Process
- 6.2.2.1. Chemical Recycling
- 6.2.2.2. Mechanical Recycling
- 6.2.3. By End User
- 6.2.3.1. Building & Construction
- 6.2.3.2. Packaging
- 6.2.3.3. Electrical & Electronics
- 6.2.3.4. Textiles
- 6.2.3.5. Automotive
- 6.2.3.6. Others
- 6.2.1. By Product
7. Competitive Landscape
- 7.1. List of Key Players and Their Offerings
- 7.2. United States Plastic Recycling Market Share Analysis, 2023
- 7.3. Competitive Benchmarking, By Operating Parameters
- 7.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
8. Impact of Escalating Geopolitical Tensions on United States Plastic Recycling Market
9. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 9.1. Agilyx
- 9.2. Brightmark LLC
- 9.3. Plastipak Holdings, Inc.
- 9.4. Custom Polymers
- 9.5. MBA Polymers Inc.
- 9.6. Freepoint Eco-Systems LLC
- 9.7. Industrial Plastic Recycling Inc.
- 9.8. KW Plastics
- 9.9. Seraphim Plastics
- 9.10. Carbonlite Inc,
- 9.11. Other Prominent Players
10. Key Strategic Recommendations
11. Research Methodology
- 11.1. Qualitative Research
- 11.1.1. Primary & Secondary Research
- 11.2. Quantitative Research
- 11.3. Market Breakdown & Data Triangulation
- 11.3.1. Secondary Research
- 11.3.2. Primary Research
- 11.4. Breakdown of Primary Research Respondents
- 11.5. Assumptions & Limitations
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
- Figure 1 United States Plastic Recycling Market Segmentation
- Figure 2 United States Plastic Recycling Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 United States Plastic Recycling Market Size, By Value (USD Billion), 2019-2030
- Figure 4 United States Plastic Recycling Market Size, By Volume (Million Tons), 2019-2030
- Figure 5 United States Plastic Recycling Market Share, By Product, By Value (USD Billion), 2019-2030
- Figure 6 United States Plastic Recycling Market Share, By Product, By Volume (Million Tons), 2019-2030
- Figure 7 United States Plastic Recycling Market Share, By Process, By Value (USD Billion), 2019-2030
- Figure 8 United States Plastic Recycling Market Share, By Process, By Volume (Million Tons), 2019-2030
- Figure 9 United States Plastic Recycling Market Share, By End User, By Value (USD Billion), 2019-2030
- Figure 10 United States Plastic Recycling Market Share, By End User, By Volume (Million Tons), 2019-2030
List of Tables
- Table 1 United States Plastic Recycling Market Share, By Product, By Value (USD Billion), 2019-2030
- Table 2 United States Plastic Recycling Market Share, By Product, By Volume (Million Tons), 2019-2030
- Table 3 United States Plastic Recycling Market Share, By Process, By Value (USD Billion), 2019-2030
- Table 4 United States Plastic Recycling Market Share, By Process, By Volume (Million Tons), 2019-2030
- Table 5 United States Plastic Recycling Market Share, By End User, By Value (USD Billion), 2019-2030
- Table 6 United States Plastic Recycling Market Share, By End User, By Volume (Million Tons), 2019-2030
- Table 7 Agilyx Company Overview
- Table 8 Agilyx Financial Overview
- Table 9 Brightmark LLC Company Overview
- Table 10 Brightmark LLC Financial Overview
- Table 11 Plastipak Holdings, Inc. Company Overview
- Table 12 Plastipak Holdings, Inc. Financial Overview
- Table 13 Custom Polymers Company Overview
- Table 14 Custom Polymers Financial Overview
- Table 15 MBA Polymers Inc. Company Overview
- Table 16 MBA Polymers Inc. Financial Overview
- Table 17 Freepoint Eco-Systems LLC Company Overview
- Table 18 Freepoint Eco-Systems LLC Financial Overview
- Table 19 Industrial Plastic Recycling Inc. Company Overview
- Table 20 Industrial Plastic Recycling Inc. Financial Overview
- Table 21 KW Plastics Company Overview
- Table 22 KW Plastics Financial Overview
- Table 23 Seraphim Plastics Company Overview
- Table 24 Seraphim Plastics Financial Overview
- Table 25 Carbonlite Inc. Company Overview
- Table 26 Carbonlite Inc. Financial Overview
