Global Post-Consumer Recycled Plastics market outlook 2024, Forecast To 2033

The post-consumer recycled plastics market size has grown strongly in recent years. It will grow from $15.07 billion in 2023 to$16.06 billion in 2024 at a compound annual growth rate (CAGR) of 6.6%. The growth in the historic period can be attributed to corporate sustainability initiatives, consumer demand for sustainable products, voluntary industry initiatives, infrastructure for plastic waste collection, reduced dependence on virgin plastics, economic incentives for recycling. The post-consumer recycled plastics market size is expected to see strong growth in the next few years. It will grow to $20.26 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to rising global plastic waste concerns, extended producer responsibility (epr) programs, green labeling and certification, consumer education and advocacy, expansion of collection infrastructure, influence of global sustainability goals. Major trends in the forecast period include growing awareness of plastic pollution, advancements in recycling technologies, government regulations and policies, focus on closed-loop recycling systems, development of pcr content standards, collaborations across the value chain, economic incentives for recycling.