North America Recycled Plastics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview:
The North America recycled plastics market size reached US$ 7,557 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 9,672 Million by 2028, exhibiting a growth rate (CAGR) of 4.1% during 2023-2028.
Plastic is a non-biodegradable, synthetic material which is most commonly sourced from petrochemicals. Plastic recycling is the process of recovering different types of plastic from waste products in order to reuse them for making useful products. Prior to recycling, the waste and scrap go through a series of five different stages, which include sorting, washing, shredding, identification and classification of plastic, and extruding.
North America recycled plastics market is currently being driven by several factors. The demand for recycled plastics has witnessed a surge on account of various initiatives undertaken by governments and organizations in different countries of the region. For instance, the Association of Plastic Recyclers (APR) along with the Recycling Partnership, has taken numerous steps to instruct vendors on using post-consumer resin (PCR). Apart from this, plastic recycling offers benefits to the manufacturers as it helps in reducing the costs of raw materials, which are higher for producing virgin plastic.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the North America recycled plastics market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on plastic type, raw material and application.
Key Regions Analysed
United States
Canada
Analysis for Each Country
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
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
Competitive Landscape
Competitive Structure
Key Player Profiles
Key Questions Answered in This Report:
How has the North America recycled plastics market performed so far and how will it perform in the coming years?
What are the key regions in the North America recycled plastics market?
What has been the impact of COVID-19 on the North America recycled plastics market?
What is the breakup of the North America recycled plastics market on the basis of plastic type?
What is the breakup of the North America recycled plastics market on the basis of raw material?
What is the breakup of the North America recycled plastics market on the basis of application?
What are the various stages in the value chain of the North America recycled plastics industry?
What are the key driving factors and challenges in the North America recycled plastics industry?
What is the structure of the North America recycled plastics industry and who are the key players?
What is the degree of competition in the North America recycled plastics industry?
What are the profit margins in the North America recycled plastics industry?
The North America recycled plastics market size reached US$ 7,557 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 9,672 Million by 2028, exhibiting a growth rate (CAGR) of 4.1% during 2023-2028.
Plastic is a non-biodegradable, synthetic material which is most commonly sourced from petrochemicals. Plastic recycling is the process of recovering different types of plastic from waste products in order to reuse them for making useful products. Prior to recycling, the waste and scrap go through a series of five different stages, which include sorting, washing, shredding, identification and classification of plastic, and extruding.
North America recycled plastics market is currently being driven by several factors. The demand for recycled plastics has witnessed a surge on account of various initiatives undertaken by governments and organizations in different countries of the region. For instance, the Association of Plastic Recyclers (APR) along with the Recycling Partnership, has taken numerous steps to instruct vendors on using post-consumer resin (PCR). Apart from this, plastic recycling offers benefits to the manufacturers as it helps in reducing the costs of raw materials, which are higher for producing virgin plastic.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the North America recycled plastics market report, along with forecasts at the regional and country level from 2023-2028. Our report has categorized the market based on plastic type, raw material and application.
Key Regions Analysed
United States
Canada
Analysis for Each Country
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
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
Competitive Landscape
Competitive Structure
Key Player Profiles
Key Questions Answered in This Report:
How has the North America recycled plastics market performed so far and how will it perform in the coming years?
What are the key regions in the North America recycled plastics market?
What has been the impact of COVID-19 on the North America recycled plastics market?
What is the breakup of the North America recycled plastics market on the basis of plastic type?
What is the breakup of the North America recycled plastics market on the basis of raw material?
What is the breakup of the North America recycled plastics market on the basis of application?
What are the various stages in the value chain of the North America recycled plastics industry?
What are the key driving factors and challenges in the North America recycled plastics industry?
What is the structure of the North America recycled plastics industry and who are the key players?
What is the degree of competition in the North America recycled plastics industry?
What are the profit margins in the North America recycled plastics industry?
1 PREFACE
2 SCOPE AND METHODOLOGY
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1Overview
4.2Key Industry Trends
5 GLOBAL RECYCLED PLASTICS MARKET
5.1Market Performance
5.2Market Breakup by Plastic Type
5.3Market Breakup by Raw Material
5.4Market Breakup by Application
5.5Market Breakup by Region
5.6Market Forecast
6 NORTH AMERICA RECYCLED PLASTICS MARKET
6.1Market Performance
6.2Impact of COVID-19
6.3Market Forecast
7 NORTH AMERICA RECYCLED PLASTICS MARKET: BREAKUP BY PLASTIC TYPE
7.1Polyethylene Terephthalate (PET)
7.2High Density Polyethylene (HDPE)
7.3Polypropylene (PP)
7.4Low Density Polyethylene (LDPE)
7.5Others
8 NORTH AMERICA RECYCLED PLASTICS MARKET: BREAKUP BY RAW MATERIAL
8.1Plastic Bottles
8.2Plastic Films
8.3Rigid Plastic and Foams
8.4Fibres
8.5Others
9 NORTH AMERICA RECYCLED PLASTICS MARKET: BREAKUP BY APPLICATION
9.1Non-Food Contact Packaging
9.2Food Contact Packaging
9.3Construction
9.4Automotive
9.5Others
10 NORTH AMERICA RECYCLED PLASTICS MARKET: BREAKUP BY COUNTRY
10.1 United States
10.1.1Historical Market Trends
10.1.2Market Breakup by Plastic Type
10.1.3Market Breakup by Raw Material
10.1.4Market Breakup by Application
10.1.5Market Forecast
10.2 Canada
10.2.1Historical Market Trends
10.2.2Market Breakup by Plastic Type
10.2.3Market Breakup by Raw Material
10.2.4Market Breakup by Application
10.2.5Market Forecast
11 SWOT ANALYSIS
11.1Overview
11.2Strengths
11.3Weaknesses
11.4Opportunities
11.5Threats
12 VALUE CHAIN ANALYSIS
12.1Overview
12.2Research and Development
12.3Raw Material Procurement
12.4Manufacturing
12.5Distribution
12.6Export
12.7End-Use
13 PORTER’S FIVE FORCES ANALYSIS
13.1Overview
13.2Bargaining Power of Buyers
13.3Bargaining Power of Suppliers
13.4Degree of Rivalry
13.5Threat of New Entrants
13.6Threat of Substitutes
14 PRICE ANALYSIS
15 COMPETITIVE LANDSCAPE
15.1Market Structure
15.2Key Players
15.3Profiles of Key Players
2 SCOPE AND METHODOLOGY
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1Overview
4.2Key Industry Trends
5 GLOBAL RECYCLED PLASTICS MARKET
5.1Market Performance
5.2Market Breakup by Plastic Type
5.3Market Breakup by Raw Material
5.4Market Breakup by Application
5.5Market Breakup by Region
5.6Market Forecast
6 NORTH AMERICA RECYCLED PLASTICS MARKET
6.1Market Performance
6.2Impact of COVID-19
6.3Market Forecast
7 NORTH AMERICA RECYCLED PLASTICS MARKET: BREAKUP BY PLASTIC TYPE
7.1Polyethylene Terephthalate (PET)
7.2High Density Polyethylene (HDPE)
7.3Polypropylene (PP)
7.4Low Density Polyethylene (LDPE)
7.5Others
8 NORTH AMERICA RECYCLED PLASTICS MARKET: BREAKUP BY RAW MATERIAL
8.1Plastic Bottles
8.2Plastic Films
8.3Rigid Plastic and Foams
8.4Fibres
8.5Others
9 NORTH AMERICA RECYCLED PLASTICS MARKET: BREAKUP BY APPLICATION
9.1Non-Food Contact Packaging
9.2Food Contact Packaging
9.3Construction
9.4Automotive
9.5Others
10 NORTH AMERICA RECYCLED PLASTICS MARKET: BREAKUP BY COUNTRY
10.1 United States
10.1.1Historical Market Trends
10.1.2Market Breakup by Plastic Type
10.1.3Market Breakup by Raw Material
10.1.4Market Breakup by Application
10.1.5Market Forecast
10.2 Canada
10.2.1Historical Market Trends
10.2.2Market Breakup by Plastic Type
10.2.3Market Breakup by Raw Material
10.2.4Market Breakup by Application
10.2.5Market Forecast
11 SWOT ANALYSIS
11.1Overview
11.2Strengths
11.3Weaknesses
11.4Opportunities
11.5Threats
12 VALUE CHAIN ANALYSIS
12.1Overview
12.2Research and Development
12.3Raw Material Procurement
12.4Manufacturing
12.5Distribution
12.6Export
12.7End-Use
13 PORTER’S FIVE FORCES ANALYSIS
13.1Overview
13.2Bargaining Power of Buyers
13.3Bargaining Power of Suppliers
13.4Degree of Rivalry
13.5Threat of New Entrants
13.6Threat of Substitutes
14 PRICE ANALYSIS
15 COMPETITIVE LANDSCAPE
15.1Market Structure
15.2Key Players
15.3Profiles of Key Players
LIST OF TABLES
Table 1: North America: Recycled Plastics Market: Key Industry Highlights, 2022 and 2028
Table 2: North America: Recycled Plastics Market Forecast: Breakup by Plastic Type (in Million US$), 2023-2028
Table 3: North America: Recycled Plastics Market Forecast: Breakup by Raw Material (in Million US$), 2023-2028
Table 4: North America: Recycled Plastics Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: North America: Recycled Plastics Market Forecast: Breakup by Country (in Million US$), 2023-2028
Table 6: North America: Recycled Plastics Market: Competitive Structure
Table 7: North America: Recycled Plastics Market: Key Players
Table 1: North America: Recycled Plastics Market: Key Industry Highlights, 2022 and 2028
Table 2: North America: Recycled Plastics Market Forecast: Breakup by Plastic Type (in Million US$), 2023-2028
Table 3: North America: Recycled Plastics Market Forecast: Breakup by Raw Material (in Million US$), 2023-2028
Table 4: North America: Recycled Plastics Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: North America: Recycled Plastics Market Forecast: Breakup by Country (in Million US$), 2023-2028
Table 6: North America: Recycled Plastics Market: Competitive Structure
Table 7: North America: Recycled Plastics Market: Key Players
LIST OF FIGURES
Figure 1: North America: Recycled Plastics Market: Major Drivers and Challenges
Figure 2: Global: Recycled Plastics Market: Value Trends (in Billion US$), 2017-2022
Figure 3: Global: Recycled Plastics Market: Breakup by Plastic Type (in %), 2022
Figure 4: Global: Recycled Plastics Market: Breakup by Raw Material (in %), 2022
Figure 5: Global: Recycled Plastics Market: Breakup by Application (in %), 2022
Figure 6: Global: Recycled Plastics Market: Breakup by Region (in %), 2022
Figure 7: Global: Recycled Plastics Market Forecast: Value Trends (in Billion US$), 2023-2028
Figure 8: North America: Recycled Plastics Market: Value Trends (in Million US$), 2017-2022
Figure 9: North America: Recycled Plastics Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 10: North America: Recycled Plastics Market: Breakup by Plastic Type (in %), 2022
Figure 11: North America: Recycled Plastics (Polyethylene Terephthalate) Market: Value Trends (in Million US$), 2017 & 2022
Figure 12: North America: Recycled Plastics (Polyethylene Terephthalate) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 13: North America: Recycled Plastics (High Density Polyethylene) Market: Value Trends (in Million US$), 2017 & 2022
Figure 14: North America: Recycled Plastics (High Density Polyethylene) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 15: North America: Recycled Plastics (Polypropylene) Market: Value Trends (in Million US$), 2017 & 2022
Figure 16: North America: Recycled Plastics (Polypropylene) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 17: North America: Recycled Plastics (Low Density Polyethylene) Market: Value Trends (in Million US$), 2017 & 2022
Figure 18: North America: Recycled Plastics (Low Density Polyethylene) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 19: North America: Recycled Plastics (Other Plastic Types) Market: Value Trends (in Million US$), 2017 & 2022
Figure 20: North America: Recycled Plastics (Other Plastic Types) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 21: North America: Recycled Plastics Market: Breakup by Raw Material (in %), 2022
Figure 22: North America: Recycled Plastics (Plastic Bottles) Market: Value Trends (in Million US$), 2017 & 2022
Figure 23: North America: Recycled Plastics (Plastic Bottles) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 24: North America: Recycled Plastics (Plastic Films) Market: Value Trends (in Million US$), 2017 & 2022
Figure 25: North America: Recycled Plastics (Plastic Films) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 26: North America: Recycled Plastics (Rigid Plastic and Foams) Market: Value Trends (in Million US$), 2017 & 2022
Figure 27: North America: Recycled Plastics (Rigid Plastic and Foams) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 28: North America: Recycled Plastics (Fibres) Market: Value Trends (in Million US$), 2017 & 2022
Figure 29: North America: Recycled Plastics (Fibres) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 30: North America: Recycled Plastics (Other Raw Materials) Market: Value Trends (in Million US$), 2017 & 2022
Figure 31: North America: Recycled Plastics (Other Raw Materials) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 32: North America: Recycled Plastics Market: Breakup by Application (in %), 2022
Figure 33: North America: Recycled Plastics (Non-Food Contact Packaging) Market: Value Trends (in Million US$), 2017 & 2022
Figure 34: North America: Recycled Plastics (Non-Food Contact Packaging) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 35: North America: Recycled Plastics (Food Contact Packaging) Market: Value Trends (in Million US$), 2017 & 2022
Figure 36: North America: Recycled Plastics (Food Contact Packaging) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 37: North America: Recycled Plastics (Construction) Market: Value Trends (in Million US$), 2017 & 2022
Figure 38: North America: Recycled Plastics (Construction) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 39: North America: Recycled Plastics (Automotive) Market: Value Trends (in Million US$), 2017 & 2022
Figure 40: North America: Recycled Plastics (Automotive) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 41: North America: Recycled Plastics (Other Applications) Market: Value Trends (in Million US$), 2017 & 2022
Figure 42: North America: Recycled Plastics (Other Applications) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 43: North America: Recycled Plastics Market: Breakup by Country (in %), 2022
Figure 44: United States: Recycled Plastics Market: Value Trends (in Million US$), 2017-2022
Figure 45: United States: Recycled Plastics Market: Breakup by Plastic Type (in %), 2022
Figure 46: United States: Recycled Plastics Market: Breakup by Raw Material (in %), 2022
Figure 47: United States: Recycled Plastics Market: Breakup by Application (in %), 2022
Figure 48: United States: Recycled Plastics Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 49: Canada: Recycled Plastics Market: Value Trends (in Million US$), 2017-2022
Figure 50: Canada: Recycled Plastics Market: Breakup by Plastic Type (in %), 2022
Figure 51: Canada: Recycled Plastics Market: Breakup by Raw Material (in %), 2022
Figure 52: Canada: Recycled Plastics Market: Breakup by Application (in %), 2022
Figure 53: Canada: Recycled Plastics Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 54: North America: Recycled Plastics Industry: SWOT Analysis
Figure 55: North America: Recycled Plastics Industry: Value Chain Analysis
Figure 56: North America: Recycled Plastics Industry: Porter’s Five Forces Analysis
Figure 1: North America: Recycled Plastics Market: Major Drivers and Challenges
Figure 2: Global: Recycled Plastics Market: Value Trends (in Billion US$), 2017-2022
Figure 3: Global: Recycled Plastics Market: Breakup by Plastic Type (in %), 2022
Figure 4: Global: Recycled Plastics Market: Breakup by Raw Material (in %), 2022
Figure 5: Global: Recycled Plastics Market: Breakup by Application (in %), 2022
Figure 6: Global: Recycled Plastics Market: Breakup by Region (in %), 2022
Figure 7: Global: Recycled Plastics Market Forecast: Value Trends (in Billion US$), 2023-2028
Figure 8: North America: Recycled Plastics Market: Value Trends (in Million US$), 2017-2022
Figure 9: North America: Recycled Plastics Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 10: North America: Recycled Plastics Market: Breakup by Plastic Type (in %), 2022
Figure 11: North America: Recycled Plastics (Polyethylene Terephthalate) Market: Value Trends (in Million US$), 2017 & 2022
Figure 12: North America: Recycled Plastics (Polyethylene Terephthalate) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 13: North America: Recycled Plastics (High Density Polyethylene) Market: Value Trends (in Million US$), 2017 & 2022
Figure 14: North America: Recycled Plastics (High Density Polyethylene) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 15: North America: Recycled Plastics (Polypropylene) Market: Value Trends (in Million US$), 2017 & 2022
Figure 16: North America: Recycled Plastics (Polypropylene) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 17: North America: Recycled Plastics (Low Density Polyethylene) Market: Value Trends (in Million US$), 2017 & 2022
Figure 18: North America: Recycled Plastics (Low Density Polyethylene) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 19: North America: Recycled Plastics (Other Plastic Types) Market: Value Trends (in Million US$), 2017 & 2022
Figure 20: North America: Recycled Plastics (Other Plastic Types) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 21: North America: Recycled Plastics Market: Breakup by Raw Material (in %), 2022
Figure 22: North America: Recycled Plastics (Plastic Bottles) Market: Value Trends (in Million US$), 2017 & 2022
Figure 23: North America: Recycled Plastics (Plastic Bottles) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 24: North America: Recycled Plastics (Plastic Films) Market: Value Trends (in Million US$), 2017 & 2022
Figure 25: North America: Recycled Plastics (Plastic Films) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 26: North America: Recycled Plastics (Rigid Plastic and Foams) Market: Value Trends (in Million US$), 2017 & 2022
Figure 27: North America: Recycled Plastics (Rigid Plastic and Foams) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 28: North America: Recycled Plastics (Fibres) Market: Value Trends (in Million US$), 2017 & 2022
Figure 29: North America: Recycled Plastics (Fibres) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 30: North America: Recycled Plastics (Other Raw Materials) Market: Value Trends (in Million US$), 2017 & 2022
Figure 31: North America: Recycled Plastics (Other Raw Materials) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 32: North America: Recycled Plastics Market: Breakup by Application (in %), 2022
Figure 33: North America: Recycled Plastics (Non-Food Contact Packaging) Market: Value Trends (in Million US$), 2017 & 2022
Figure 34: North America: Recycled Plastics (Non-Food Contact Packaging) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 35: North America: Recycled Plastics (Food Contact Packaging) Market: Value Trends (in Million US$), 2017 & 2022
Figure 36: North America: Recycled Plastics (Food Contact Packaging) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 37: North America: Recycled Plastics (Construction) Market: Value Trends (in Million US$), 2017 & 2022
Figure 38: North America: Recycled Plastics (Construction) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 39: North America: Recycled Plastics (Automotive) Market: Value Trends (in Million US$), 2017 & 2022
Figure 40: North America: Recycled Plastics (Automotive) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 41: North America: Recycled Plastics (Other Applications) Market: Value Trends (in Million US$), 2017 & 2022
Figure 42: North America: Recycled Plastics (Other Applications) Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 43: North America: Recycled Plastics Market: Breakup by Country (in %), 2022
Figure 44: United States: Recycled Plastics Market: Value Trends (in Million US$), 2017-2022
Figure 45: United States: Recycled Plastics Market: Breakup by Plastic Type (in %), 2022
Figure 46: United States: Recycled Plastics Market: Breakup by Raw Material (in %), 2022
Figure 47: United States: Recycled Plastics Market: Breakup by Application (in %), 2022
Figure 48: United States: Recycled Plastics Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 49: Canada: Recycled Plastics Market: Value Trends (in Million US$), 2017-2022
Figure 50: Canada: Recycled Plastics Market: Breakup by Plastic Type (in %), 2022
Figure 51: Canada: Recycled Plastics Market: Breakup by Raw Material (in %), 2022
Figure 52: Canada: Recycled Plastics Market: Breakup by Application (in %), 2022
Figure 53: Canada: Recycled Plastics Market Forecast: Value Trends (in Million US$), 2023-2028
Figure 54: North America: Recycled Plastics Industry: SWOT Analysis
Figure 55: North America: Recycled Plastics Industry: Value Chain Analysis
Figure 56: North America: Recycled Plastics Industry: Porter’s Five Forces Analysis
