Post-Consumer Recycled Plastics Market Size

Post-Consumer Recycled Plastics Market size was valued at USD 10.58 billion in 2023 and is likely to reach USD 39.2 billion by 2036, expanding at around 10.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of post-consumer recycled plastics is estimated at USD 11.48 billion. The growth of the market can be attributed to the increasing application of recycled plastics, backed by rising environmental awareness amongst people. In order to reduce plastic waste, governments across the world have imposed rigorous regulations for plastic recycling. The growing government initiatives, combined with awareness amongst the masses regarding the reduction of plastic waste are estimated to boost the market growth. According to the data by the UN Environment Protection Organization (UNEP), over 300 million tons of plastic is produced every year. Only 9% of all this plastic waste gets recycled. The increasing amount of plastic waste is also estimated to boost the market growth.