Post-Consumer Recycled Plastics Market

The post-consumer recycled plastics market size is projected to grow from USD 71.44 billion in 2024 to USD 106.97 billion by 2029, at a CAGR of 8.4%. The demand for post-consumer recycled (PCR) plastics is expected to experience significant growth during the forecast period, driven by increasing global awareness of sustainability and environmental responsibility. Governments and regulatory bodies worldwide are imposing stricter regulations on plastic waste management and encouraging the use of recycled materials in manufacturing processes. This, in turn, has led to a surge in demand for PCR plastics across various industries, including packaging, automotive, and consumer goods, as companies aim to meet sustainability goals and reduce their carbon footprint. Moreover, advancements in recycling technologies have improved the quality and availability of PCR plastics, making them more appealing to manufacturers. Consumer preferences are also shifting towards eco-friendly products, further boosting the adoption of PCR plastics. Major brands and corporations are incorporating recycled plastics into their packaging and products to meet both regulatory requirements and customer expectations. With continued innovations and growing support from both industry and consumers, the post-consumer recycled plastics market is poised for robust growth in the coming years.

Post-consumer Recycled Plastics Companies

The major players in the post-consumer recycled plastics market with a significant global presence are : Veolia (France), Suez SA (France), WM Intellectual Property Holdings, L.L.C. (US), Republic Services (US), Waste Connections (Canada), Biffa (UK), Clean Harbors, Inc. (US), Stericycle, Inc. (US), Remondis SE & Co. KG  (Germany), DS Smith plc (UK) are covered in the post-consumer recycled plastics market. The market players have adopted various strategies such as development of advanced products, partnerships, contracts, expansions, and acquisitions to strengthen their position in the post-consumer recycled plastics market.

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Veolia manages water supply systems, distribution networks, and offers waste management services. It operates across three main segments: Water, Waste, and Energy Services. The Water segment focuses on drinking water supply, wastewater management, and industrial water processing. It also designs and manufactures water treatment equipment and systems. The Waste Services segment is responsible for collecting, processing, and disposing of household, commercial, and industrial waste. In the Energy Services segment, Veolia handles heat production and distribution, energy efficiency optimization, and electricity generation. As a global leader in plastics recycling, the company operates 37 plants worldwide and maintains a strong presence in Europe, the Asia Pacific region, North America, South America, and the Middle East & Africa.

Suez SA begins a new chapter in its history following its acquisition by a consortium of shareholders, which includes Meridiam Sustainable Water & Waste Fund (39%), Caisse des Dépôts and CNP Assurances (19%), and GIP IV Highbury Luxco (39%), with employees owning the remaining 3%. On January 31, 2022, Suez SA (formerly Sonate Bidco) completed the acquisition of certain activities of the former Suez Group from Veolia, gaining control over the activities within the New Suez perimeter. The New Suez focuses primarily on municipal water services (Water France) and waste recycling and recovery (R&R France) in France. Additionally, Suez is active in water-related services across regions such as Italy (holding a stake in Acea), the Czech Republic, Africa, Central Asia, India, China, and Australia. The company also has global digital and environmental activities through its SES division and manages two hazardous waste incinerators in mainland China, located in Shanghai Industrial Park and Suzhou Industrial Park. Moreover, Suez is involved in waste management activities in the UK and hazardous waste operations in France and South Africa.

Suez SA operates through three key business segments. The Water segment offers water distribution and treatment services under concession contracts. The Recycling and Recovery segment provides waste treatment services, including collection, sorting, recycling, composting, energy recovery, and landfilling for non-hazardous waste. The third segment, Other, primarily consists of holding companies, including Suez SA. The company maintains a broad geographic presence, with operations spanning Europe, Asia Pacific, North America, South America, and the Middle East & Africa.

 Remondis SE & Co. KG is one of the world’s leading companies in recycling, service, and water management. The company actively engages in plastic recycling, including post-consumer plastic waste, which it collects from municipal sources. Remondis processes various polymers such as HDPE, PET, PP, and polyamide using a range of physical and mechanical techniques to sort and recycle the materials. Each year, the company collects, treats, and markets around 30 million tons of recyclables. With a global presence spanning over 30 countries, Remondis operates 1,000 plants and facilities and is a key player in Poland's recycling market. Its geographic reach extends across Europe, Africa, and the Asia-Pacific region.

• On December 2023, SITTOMAT teamed up with SUEZ to build and operate a new recycling center in the Toulon region, focused on improving waste management for selectively collected materials. Situated in La Farlède, this facility will be able to process 35,000 tons of recyclable waste per year and manage up to 42,000 tons under ideal
• On May 2023, Chemours launched Ti-Pure TS-6700, a high-performance post-consumer recycled plastics grade specifically designed for waterborne architectural coatings. This innovative product is both TMP- and TME-free, aligning with sustainable practices. Ti-Pure TS-6700 is produced using 100% renewable electricity and features a bio-based organic surface treatment, demonstrating Chemours’ commitment to sustainability. With this launch, Chemours aims to support its customers in achieving their current environmental goals while also preparing them for long-term success.
• On January 2023, Veolia acquired the recycling and waste management division of Friedrich Hofmann GmbH. This acquisition significantly expanded Veolia’s presence in the German waste management market, particularly in the southeastern regions of Germany.
• On February 2023, Suez, Loop Industries, and SK Geo Centric jointly announced the selection of Saint-Avold in the Grand Est region of France as the site for manufacturing virgin-quality PET plastic made from 100% recycled content. The process leveraged the Infinite Loop technology, enabling the production of PET plastic that is infinitely recyclable.
• On September 2022, Suez and its partners Royal Bakofeng Holding (RBH) and African Infrastructure Investment Managers (AIIM) signed a binding agreement to acquire Enviroserv Holdings Proprietary Limited, South Africa’s largest waste management company.
• On December 2022, LB Group’s wholly owned subsidiary, LB Sichuan Mining and Metallurgy Co., recently signed an agreement worth approximately 240 million yuan (USD 34.44 million) to significantly increase its equity stake in PZH Zhenxing V & Ti Resources Equity Investment Center (Limited Partnership). This move will raise LB Sichuan's ownership from 69.98% to 99.97%. This development strengthens LB Group’s control over V & Ti Resources, likely enhancing its strategic position in the vanadium and titanium sectors, which are key to the production of specialized alloys and materials used in various industries.

Related Reports:

Post-Consumer Recycled Plastics Market by Source (Bottles, Non-bottle Rigid), Polymer Type, Processing Type (Mechanical, Chemical, Biological), End-use (Packaging, Building & Construction, Automotive, Electronics), and Region - Global Forecast to 2029

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