Market Overview:
The global post-consumer recycled (PCR) resins market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for sustainable products and stringent government regulations on waste management. Additionally, growing awareness about the benefits of using PCR resins is also propelling the growth of this market. Based on type, PET accounted for the largest share in 2017 and is projected to grow at a CAGR of 6% during the forecast period. This can be attributed to its properties such as high tensile strength, impact resistance, and transparency which make it suitable for various applications such as packaging, automotive components, and consumer electronics. PP is projected to be the fastest-growing type segment during 2018-2030 owing to its properties such as toughness, chemical resistance, and low cost. Based on application, packaging held majority share in 2017 followed by building & construction sector; however; automotive sector is expected witness highest growth rate over next decade due increasing demand from developing countries including China and India . Furniture was third largest application segment in terms of revenue contribution in 2017 followed by consumer electronics industry .
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Product Definition:
Post-consumer recycled resins are made from recycled plastic that has already been used by consumers. PCR resins can be used to make new products or to reinforce existing products. They are important because they help reduce the amount of waste that ends up in landfills, and they can also be cheaper than virgin resin.
PET:
Polyethylene Terephthalate (PET) is a polymer, which is derived from crude oil. It has high resistance to abrasion and chemicals and is lightweight. PET can be recycled into many different products such as fibers, films, bottles & jars and even concrete. The Post Consumer Recycled resins market was estimated at USD 1 billion in 2015 owing to the growing demand for eco-friendly alternatives in the packaging industry coupled with rising concerns regarding waste management globally.
PP:
Post-consumer recycled (PCR) resins are polypropylene (PP) and polyethylene terephthalate (PET). These resins are derived from post-consumer plastic waste. The most common type of plastic that is used to derive these resins is the low-density Polyethylene Terephthalate (LDPE). LDPE has a higher melting point than HDPE, which makes it more desirable for use in injection molding applications.
Application Insights:
The packaging application led the global post consumer recycled (PCR) resins market and accounted for more than 45.0% of the total revenue share in 2017. The growth is attributed to increasing demand for food and beverages, pharmaceuticals, personal care products along with an increase in production of various packaged goods such as food containers, beverage bottles among others.
Building & construction was the second largest application segment accounting for a revenue share of 34.8% in 2017 owing to rising use of PCR resin-based composites that are lightweight compared to conventional materials used in construction such as concrete and steel which results into reduction in overall building costs leading to increased popularity among consumers worldwide regarding this industry vertical.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period owing to rapid industrialization and urbanization in this region. Increasing disposable income, coupled with growing consumer awareness regarding sustainability, has resulted in increased demand for PCR resins from end-use industries such as packaging, automotive and construction.
The Asia Pacific market was valued at USD X million in 2017 and is estimated to expand at a CAGR of XX% from 2018 to 2030 owing to increasing infrastructure activities across emerging economies including China and India along with other Southeast Asian countries which will drive product demand over the coming years.
Growth Factors:
- Increasing demand from packaging and construction industries: The global packaging and construction industries are growing at a rapid pace. This is driving the demand for PCR resins, as they are used in the manufacturing of various types of packaging materials and construction products.
- Rising awareness about environmental sustainability: There is a growing awareness among consumers about the importance of sustainable living practices. This is driving them to opt for products that are made using recycled materials, such as PCR resins.
- Stringent regulations on waste management: Governments across the world are implementing stringent regulations on waste management in an effort to reduce landfill emissions and promote recycling initiatives. This is benefiting the PCR resin market by increasing its demand from various end-use industries.
Scope Of The Report
Report Attributes
Report Details
Report Title
Post Consumer Recycled (PCR) Resins Market Research Report
By Type
PET, PP, HDPE, Others
By Application
Packaging, Building & Construction, Automotive, Furniture, Consumer Electronics, Others
By Companies
CarbonLite Industries, Far Eastern New Century, DAK Americas, Dow, Trinseo, Tangent, KW Plastics, Envision Plastics, EFS-plastics Inc, Lavergne, Braskem, Plastipak, SABIC, Versa Pak
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Post Consumer Recycled (PCR) Resins Market Report Segments:
The global Post Consumer Recycled (PCR) Resins market is segmented on the basis of:
Types
PET, PP, HDPE, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Packaging, Building & Construction, Automotive, Furniture, Consumer Electronics, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- CarbonLite Industries
- Far Eastern New Century
- DAK Americas
- Dow
- Trinseo
- Tangent
- KW Plastics
- Envision Plastics
- EFS-plastics Inc
- Lavergne
- Braskem
- Plastipak
- SABIC
- Versa Pak
 Resins Market Overview.svg)
Highlights of The Post Consumer Recycled (PCR) Resins Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- PET
- PP
- HDPE
- Others
- By Application:
- Packaging
- Building & Construction
- Automotive
- Furniture
- Consumer Electronics
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Post Consumer Recycled (PCR) Resins Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Resins Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Post consumer recycled (PCR) resins are a type of plastic resin that is made from post-consumer materials. These materials include plastics that have been used in products that have been discarded or recycled. PCR resins are often more expensive than traditional plastic resins, but they offer several benefits, including environmental sustainability and improved performance.
Some of the major companies in the post consumer recycled (pcr) resins market are CarbonLite Industries, Far Eastern New Century, DAK Americas, Dow, Trinseo, Tangent, KW Plastics, Envision Plastics, EFS-plastics Inc, Lavergne, Braskem, Plastipak, SABIC, Versa Pak.
The post consumer recycled (pcr) resins market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Post Consumer Recycled (PCR) Resins Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Post Consumer Recycled (PCR) Resins Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Post Consumer Recycled (PCR) Resins Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Post Consumer Recycled (PCR) Resins Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Post Consumer Recycled (PCR) Resins Market Size & Forecast, 2020-2028
4.5.1 Post Consumer Recycled (PCR) Resins Market Size and Y-o-Y Growth
4.5.2 Post Consumer Recycled (PCR) Resins Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 PET
5.2.2 PP
5.2.3 HDPE
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Packaging
6.2.2 Building & Construction
6.2.3 Automotive
6.2.4 Furniture
6.2.5 Consumer Electronics
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Post Consumer Recycled (PCR) Resins Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Post Consumer Recycled (PCR) Resins Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 PET
9.6.2 PP
9.6.3 HDPE
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Packaging
9.10.2 Building & Construction
9.10.3 Automotive
9.10.4 Furniture
9.10.5 Consumer Electronics
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 PET
10.6.2 PP
10.6.3 HDPE
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Packaging
10.10.2 Building & Construction
10.10.3 Automotive
10.10.4 Furniture
10.10.5 Consumer Electronics
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 PET
11.6.2 PP
11.6.3 HDPE
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Packaging
11.10.2 Building & Construction
11.10.3 Automotive
11.10.4 Furniture
11.10.5 Consumer Electronics
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 PET
12.6.2 PP
12.6.3 HDPE
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Packaging
12.10.2 Building & Construction
12.10.3 Automotive
12.10.4 Furniture
12.10.5 Consumer Electronics
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 PET
13.6.2 PP
13.6.3 HDPE
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Packaging
13.10.2 Building & Construction
13.10.3 Automotive
13.10.4 Furniture
13.10.5 Consumer Electronics
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Post Consumer Recycled (PCR) Resins Market: Competitive Dashboard
14.2 Global Post Consumer Recycled (PCR) Resins Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CarbonLite Industries
14.3.2 Far Eastern New Century
14.3.3 DAK Americas
14.3.4 Dow
14.3.5 Trinseo
14.3.6 Tangent
14.3.7 KW Plastics
14.3.8 Envision Plastics
14.3.9 EFS-plastics Inc
14.3.10 Lavergne
14.3.11 Braskem
14.3.12 Plastipak
14.3.13 SABIC
14.3.14 Versa Pak
