North America Recycled Plastics Market Forecast 2024-2032 | Growth, Size, Price Trends, & Report

The latest report by IMARC Group, titled North America Recycled Plastics Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032; offers a comprehensive analysis of the industry, which comprises insights into the market. The report also includes competitor and regional analysis, and contemporary advancements in the market.

How Big is the North America Recycled Plastics Market market ?

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.

North America Recycled Plastics Market Overview:

Recycled plastics refer to plastic materials that have undergone a process of reprocessing from their original form into new products. This recycling process involves collecting used plastic items, sorting them based on their type and quality, cleaning, shredding, melting, and reforming them into pellets or flakes that can be used in manufacturing various products. Recycled plastics can be categorized into different types based on their resin identification codes, such as PET (Polyethylene Terephthalate), HDPE (High-Density Polyethylene), PVC (Polyvinyl Chloride), LDPE (Low-Density Polyethylene), PP (Polypropylene), and PS (Polystyrene).

The importance of recycled plastics lies in their contribution to reducing environmental pollution, conserving natural resources, and mitigating the negative impacts of plastic waste on ecosystems and human health.

For an in-depth analysis, you can refer free sample copy of the report: https://www.imarcgroup.com/north-america-recycled-plastics-market/requestsample

North America Recycled Plastics Market Trends:

The market in North America is primarily driven by government regulations and initiatives aimed at promoting recycling and reducing plastic waste are driving the demand for recycled plastics. Additionally, the growing awareness among consumers about the environmental impacts of plastic pollution is fueling the demand for recycled plastics across various industries, which is further driving market growth. Moreover, continual technological advancements in recycling processes are improving the quality and availability of recycled plastics, making them more viable alternatives to virgin plastics is further fueling market demand.

Furthermore, strategic collaborations between industry stakeholders, investment in recycling infrastructure, and the development of innovative recycling solutions are further propelling the market growth. In line with this, the rising concerns over marine pollution and microplastics have led to increased scrutiny of plastic usage, prompting industries to seek sustainable alternatives like recycled plastics is further driving market growth.

Report Segmentation:

The report has segmented the market into the following categories:

Key Regions Analysed:

• United States
• Canada

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

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

• North America Recycled Plastics Market
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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