Recycled Plastic Granules Market, By Product Type, By Application, By Geography

Description

The global recycled plastic granules market is estimated to be valued at USD 3.25 Bn in 2024 and is expected to reach USD 4.43 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 3.25 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	4.50%	2031 Value Projection:	US$ 4.43 Bn

Figure. Recycled Plastic Granules Market Share (%), By Region 2024

The global recycled plastic granules market has seen steady growth over the past few years owing to the increasing awareness about environmental degradation caused by plastic pollution. Recycled plastic granules are made from plastic waste which gets collected, sorted, and processed. These granules help reduce the demand for virgin plastic over conventional plastic materials. Strict government regulations such as extended producer responsibility (EPR) pertaining to the use of recycled content in plastic products along with measures encouraging waste management practices across industries have propelled the demand for recycled plastic granules. However, high production costs and difficulties associated with sorting plastic waste continues to limit the market potential to a certain extent.

Market Dynamics:

The global recycled plastic granules market is driven by the stringent regulations being imposed by various governments mandating the use of recycled plastic content in packaging and other plastic products. For instance, the European Union has mandated that plastic packaging should contain at least 30% of recycled content starting 2030. Moreover, factors such as rising environmental awareness, depletion of fossil fuels, and growing plastic waste have created the need for effective waste management solutions bolstering market growth. However, high costs associated with plastic sorting and processing continues to restrain market expansion to some extent. On the other hand, the development of advanced recycling technologies is expected to present lucrative opportunities for market players over the forecast period.

Key Features of the Study:

This report provides in-depth analysis of the global recycled plastic granules market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players like Veolia Environnement S.A., BASF SE, Plastipak Holdings, Inc., Suez Recycling and Recovery, Repreve (Unifi, Inc.), Clear Path Recycling, Green Line Polymers, Customized Polymers, Inc., KW Plastics, EcoStar, A&E Plastics, Inc., Berry Global, Inc., Loop Industries, Inc., RPC Group plc, and Constar International LLC

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global recycled plastic granules market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global recycled plastic granules market

Market Segmentation

Product Type Insights (Revenue, USD Bn, 2019 - 2031)
- PP Granules
- PE Granules
- HDPE Granules
- LDPE Granules
- Polycarbonate Granules
- Polystyrene Granules
- Others
Application Insights (Revenue, USD Bn, 2019 - 2031)
- Automotive
- Consumer Product
- Textile
- Others
Regional Insights (Revenue, USD Bn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- Veolia Environnement S.A.
- BASF SE
- Plastipak Holdings, Inc.
- Suez Recycling and Recovery
- Repreve (Unifi, Inc.)
- Clear Path Recycling
- Green Line Polymers
- Customized Polymers, Inc.
- KW Plastics
- EcoStar
- A&E Plastics, Inc.
- Berry Global, Inc.
- Loop Industries, Inc.
- RPC Group plc
- Constar International LLC

Product Code: CMI5112

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Global Recycled Plastic Granules Market, By Product Type
- Global Recycled Plastic Granules Market, By Application
- Global Recycled Plastic Granules Market, By Region

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trend

4. Global Recycled Plastic Granules Market, By Product Type, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
Segment Trends
- PP Granules
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
PE Granules
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
HDPE Granules
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
LDPE Granules
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Polycarbonate Granules
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Polystyrene Granules
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

5. Global Recycled Plastic Granules Market, By Application, 2019-2031, (USD Bn)

Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Automotive
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Consumer Product
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Textile
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)

6. Global Recycled Plastic Granules Market, By Region, 2019 - 2031, Value (USD Bn)

Introduction
- Market Share (%) Analysis, 2024,2027 & 2031, Value (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2020 - 2031, Value (USD Bn)
- Regional Trends
North America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
  - China
  - India
  - Japan
  - Australia
  - South Korea
  - ASEAN
  - Rest of Asia Pacific
Middle East
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Application, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country/Region, 2019 - 2031, Value (USD Bn)
  - South Africa
  - North Africa
  - Central Africa

7. Competitive Landscape

Veolia Environnement S.A.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
BASF SE
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Plastipak Holdings, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Suez Recycling and Recovery
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Repreve (Unifi, Inc.)
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Clear Path Recycling
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Green Line Polymers
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Customized Polymers, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
KW Plastics
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
EcoStar
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
A&E Plastics, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Berry Global, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Loop Industries, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
RPC Group plc
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Constar International LLC
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies

8. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

9. References and Research Methodology

References
Research Methodology
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