PUBLISHER: IMARC | PRODUCT CODE: 1519470
PUBLISHER: IMARC | PRODUCT CODE: 1519470
The North America recycled plastics market size reached US$ 7,874.1 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 10,995.7 Million by 2032, exhibiting a growth rate (CAGR) of 3.7% during 2024-2032.
Plastic is a non-biodegradable, synthetic material which is most commonly sourced from petrochemicals. Plastic recycling is the process of recovering different types of plastic from waste products in order to reuse them for making useful products. Prior to recycling, the waste and scrap go through a series of five different stages, which include sorting, washing, shredding, identification and classification of plastic, and extruding.
North America recycled plastics market is currently being driven by several factors. The demand for recycled plastics has witnessed a surge on account of various initiatives undertaken by governments and organizations in different countries of the region. For instance, the Association of Plastic Recyclers (APR) along with the Recycling Partnership, has taken numerous steps to instruct vendors on using post-consumer resin (PCR). Apart from this, plastic recycling offers benefits to the manufacturers as it helps in reducing the costs of raw materials, which are higher for producing virgin plastic.
IMARC Group provides an analysis of the key trends in each sub-segment of the North America recycled plastics market report, along with forecasts at the regional and country level from 2024-2032. Our report has categorized the market based on plastic type, raw material and application.
Key Regions Analysed
United States
Canada
Analysis for Each Country
Market by Plastic Type
Polyethylene Terephthalate (PET)
High Density Polyethylene (HDPE)
Polypropylene (PP)
Low Density Polyethylene (LDPE)
Others
Market by Raw Material
Plastic Bottles
Plastic Films
Rigid Plastic and Foams
Fibres
Others
Market by Application
Non-Food Contact Packaging
Food Contact Packaging
Construction
Automotive
Others
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
Competitive Landscape
Competitive Structure
Key Player Profiles