Us Plastics Recycling Plants Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Plastics Recycling Plants Market was valued at USD 20 Billion in 2022 and is projected to reach USD 50 Billion by 2030, growing at a CAGR of 12% from 2024 to 2030.
The United States plastic recycling market is experiencing significant growth, driven by increasing environmental awareness and the adoption of sustainable practices across various industries. In 2020, the market stood at 28.91 million tonnes and is projected to reach 44.40 million tonnes by 2030, growing at a compound annual growth rate (CAGR) of 4.25% during this period.
Several factors contribute to this upward trajectory:
Environmental Concerns: Growing awareness of plastic pollution has led to stricter regulations and a societal push towards recycling and waste reduction.
Industry Adoption: Sectors such as packaging, automotive, and construction are increasingly utilizing recycled plastics to meet sustainability goals and consumer demand.
Technological Advancements: Innovations in recycling technologies, including chemical recycling, have improved the efficiency and quality of recycled plastics.
Major industry players are making substantial investments to enhance recycling capacities. For instance, Exxon Mobil Corp plans to invest $200 million to expand its plastic recycling operations in Texas, aiming to process 1 billion pounds of plastic waste annually by 2027. Similarly, companies like LyondellBasell are advancing their recycling technologies to meet the growing demand for recycled materials.
However, the industry faces challenges. Public skepticism towards the effectiveness of recycling programs is rising, with 70% of American voters supporting legal actions against plastic and fossil fuel industries for misleading recycling claims. Additionally, legislative measures, such as New Jersey's proposed bill requiring all packaging materials to be recyclable or compostable by 2034, indicate a tightening regulatory environment.
In my experience working within the recycling sector, I've observed a notable shift towards circular economy models. Companies are not only focusing on waste management but also on designing products with end-of-life recyclability in mind. This holistic approach is essential for the industry's long-term sustainability and aligns with the projected growth trends in the U.S. plastic recycling market.
As the market continues to evolve, stakeholders must navigate regulatory challenges, technological advancements, and public perception to capitalize on the opportunities within the U.S. plastic recycling industry.
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Coparm
Bezner
NM Heilig
Kiverco
CP Manufacturing
Metso
PCI Equipment
Krause Manufacturing
MHM Recycling
Komptech Americas
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Plastics Recycling Plants Market
Post-Consumer Plastics
Post-Industrial Plastics
Mixed Plastics
Plastic Waste from Manufacturing Processes
Mechanical Recycling
Chemical Recycling
Thermal Recycling
Biological Recycling
Recycled Resin Pellets
Reprocessed Plastics
Plastic End-Products (e.g., bottles, containers)
Raw Material for New Products
Packaging Industry
Automotive Industry
Construction Sector
Consumer Goods
Electronics
Small-Scale Plants
Medium-Scale Plants
Large-Scale Plants
High-Capacity Facilities
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Plastics Recycling Plants Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Plastics Recycling Plants Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Plastics Recycling Plants Market, By Type
6. Global Plastics Recycling Plants Market, By Application
7. Global Plastics Recycling Plants Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Plastics Recycling Plants Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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