North America Recycled Plastics Market Size & Outlook
North America recycled plastics market, 2018-2030 (US$M)
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North America recycled plastics market highlights
- The North America recycled plastics market generated a revenue of USD 9,446.5 million in 2023.
- The market is expected to grow at a CAGR of 8.7% from 2024 to 2030.
- In terms of segment, polyethylene was the largest revenue generating product in 2023.
- Polypropylene is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 9,446.5 million |
| Market revenue in 2030 | USD 16,907.8 million |
| Growth rate | 8.7% (CAGR from 2023 to 2030) |
| Largest segment | Polyethylene |
| Fastest growing segment | Polypropylene |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyethylene, Polyethylene Terephthalate, Polypropylene, Polyvinyl Chloride, Polystyrene |
| Key market players worldwide | Rethmann AG & Co. KG, Biffa, Stericycle Inc, Republic Services Inc, Waste Management Inc, Veolia Environnement SA, Shell PLC, Waste Connections Inc, Clean Harbors Inc, Covestro AG |
Other key industry trends
- In terms of revenue, North America region accounted for 19.4% of the global recycled plastics market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 48,006.5 million by 2030.
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Recycled Plastics Market Scope
Recycled Plastics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America recycled plastics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to recycled plastics market will help companies and investors design strategic landscapes.
Polyethylene was the largest segment with a revenue share of 32.07% in 2023. Horizon Databook has segmented the North America recycled plastics market based on polyethylene, polyethylene terephthalate, polypropylene, polyvinyl chloride, polystyrene covering the revenue growth of each sub-segment from 2018 to 2030.
North America is one of the major consumers of plastics owing to the high demand from automotive, electrical & electronics, packaging, and construction sectors, which leads to a large amount of plastic waste generation.
Recycled plastics find many applications in various industries as they are easy to mold and can produce desired shape formation while reducing the carbon emission from virgin plastic production and plastic waste recycling.
Many automobile manufacturers prefer recycled plastic components for vehicles, which help these manufacturers in reducing carbon emissions for each vehicle and produce lightweight plastics components used in the manufacturing of insulation and interior components.
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Target buyers of North America recycled plastics market databook
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Our clientele includes a mix of recycled plastics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America recycled plastics market , including forecasts for subscribers. This continent databook contains high-level insights into North America recycled plastics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America recycled plastics market size, by country, 2018-2030 (US$M)
North America Recycled Plastics Market Outlook Share, 2023 & 2030 (US$M)
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