North America Recycled Plastic Market Outlook (2021–2028)
CAGR: 8.9% | Market Value: US$ 9.37 Bn (2021) → US$ 16.89 Bn (2028)
The North America recycled plastic market is on a strong growth trajectory, driven by rising demand across the packaging, automotive, and electrical & electronics sectors. As sustainability becomes a key priority, industries are increasingly turning to recycled plastics to meet regulatory standards and environmental goals.
Key Growth Drivers:
- Automotive Sector Surge:
With over 20 million vehicles produced in North America in 2019 (up 23% from 2010, per OICA), the automotive industry is a major consumer of recycled plastics. Lightweight components made from recycled materials enhance fuel efficiency and reduce emissions. Additionally, these parts resist corrosion and provide design flexibility and safety. - Boom in Sustainable Packaging:
The packaging industry, particularly in food & beverages, cosmetics, and consumer goods, is rapidly adopting recycled materials. Recycled plastics are used in films, bottles, and containers, supporting eco-conscious branding and regulatory compliance.
📚Download Full PDF Sample Copy of Market Report @
https://www.businessmarketinsights.com/sample/BMIRE00025546 - Regulatory Push and Environmental Awareness:
Growing concerns over landfill waste and tightening government regulations are accelerating the shift toward recycled plastics. However, the limited availability of food-grade recycled plastics, especially beyond PET (polyethylene terephthalate), presents a bottleneck—creating opportunities for innovation and investment.
Outlook and Opportunities:
Vendors leveraging new technologies and sustainable materials can gain competitive advantage and expand into emerging markets. The demand for high-quality, food-grade recycled plastic is especially ripe for disruption, offering a strategic growth frontier.
North America Recycled Plastic Market Segmentation
The North America recycled plastic market is segmented into type, source, application, and country. Based on type, the market is segmented into polyethylene terephthalate, polyethylene, polypropylene, polystyrene, and others. In terms of source, the North 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. Based on country, the North America recycled plastic market is segmented into the US, Mexico, and Canada.
North America Recycled Plastic Strategic Insights
Strategic insights for the North America Recycled Plastic provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Market leaders and key company profiles
· Biffa
· Remondis SE & Co. Kg
· Veolia
· Jayplas
· Alpek S.A.B. de C.V.
· Plastipak Holdings Inc.
North America Recycled Plastic Regional Insights The geographic scope of the North America Recycled Plastic refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights
