Rigid Recycled Plastics Market

Introduction of the Rigid Recycled Plastics Market Report

Rigid plastics, also referred to as non-bottle rigid plastics are the type of plastic material exhibiting no elastic deformation and perfect plastic deformation. The rigid recycled plastics is the process of recycling rigid plastic wastes into useful products using feedstock recycling and mechanical recycling methods. The rigid plastics includes nondurable items including high-density polyethylene (HDPE) tubs, Polypropylene (PP) cups and similar food containers and durable items including pallets, crates, carts, and others. Rigid plastics are recycled to make new plastic products such as pots and buckets, plastic pipe and other products.

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Market Dynamic

Key Drivers and Emerging Trends

Increasing production and consumption of plastic products, rising demand for lightweight plastic components, growing awareness regarding plastic pollution and minimizing waste generation are driving the growth of the rigid recycled plastics market. Additionally, increasing application of recycled plastics in packaging, automotive, healthcare, construction, and textile is further promoting the demand of recycled rigid plastics.
Moreover, the Association of Plastic Recyclers, Plastic Oceans International, Plastics for Change, and the Plastics Industry Association among others are promoting the recycling of plastic waste to reduce its impacts on natural resources. This is expected to contribute to the market growth. Furthermore, according to the Plastic Oceans International, over 380 million of plastic is manufactured every year, and it is estimated that more than 10 million tons of plastic is dumped into oceans every year. This is further expected to stimulate the growth of the rigid recycled plastics market share over the forecast period.

Restraint in the Rigid Recycled Plastics Market

However, higher cost of recycled plastics than virgin plastics is one of the major factors expected to hamper the growth of the market. In addition, huge energy consumption and the production of volatile organic compounds and harmful carbon emissions during the process of melting down and recycling plastic products may further restrain the rigid recycled plastics market size growth.

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Type – Segment Analysis

Based on the type, polypropylene is expected to grow at a prominent rate during the forecast period. This can be attributed to its widespread food packaging industry owing to its high melting point, flexibility, lightweight, and good surface finish. Additionally, polypropylene plastics are increasing used in battery cases, bumpers, and fender liners in automotive sector owing to their high tensile strength, resistance to high temperatures and corrosion resistance. According to the American Chemistry Council, Inc., polypropylene constitutes around 39 percent of all rigid plastics recycling in the U.S.

Recycling Method – Segment Analysis

Based on the recycling method, feedstock recycling is expected to grow at a prominent rate over the forecast period. This is primarily due to the advantage of feedstock recycling of changing the chemical structure of plastic waste into shorter molecules that can be used as raw materials for new chemical processes.

Industry Vertical – Segment Analysis

Based on the industry vertical, packaging is projected to account for a large market share owing to the rising use of recycled rigid plastics in industrial packaging, food packaging, FMCG product packaging including shampoo, detergents, and others. According to Plastic Oceans International, packaging is one of the largest end-use market segment accounting for over 40% of total plastic usage. This is further expected to support the market growth.

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Regional – Segment Analysis:

Based on region, North America is expected to account for a notable share in the market owing to the rising packaging industry, growth in the awareness regarding the sustainable development of the environment coupled with the increasing demand for recycled packaging products among consumers. According to the American Chemistry Council, Inc., over 60% of people in the U.S. have access to non-bottle rigid container recycling, which further supports the growth of the market in North America.

Top Market Players

Several Leading players operating in the market, include, KW Plastics, Green Line Polymers, B. Schoenberg & Co., Inc., LyondellBasell Industries N.V., Clear Path Recycling, Centriforce Products Ltd., Placon, Custom Polymer Inc., Envision Plastics, Berry Global Group, Inc. among others. 

Key Developments: 

• • In 2019, Berry Global Group, Inc. completed the acquisition of RPC Group Plc. The combination of both the companies is expected to provide valued-added protective solutions and recycled plastic packaging products.

Segments covered in the Report:

The global Rigid Recycled Plastics Market has been segmented on the basis of type, recycling method, industry vertical, and key regions. Based on type, the market is segmented into Polyethylene Terephthalate (PET), Polyethylene, Polypropylene, Polyvinyl Chloride (PVC), Polystyrene, and others. Based on recycling method, the market is segmented into feedstock recycling and mechanical recycling. Based on the industry vertical, the market is segmented into packaging, construction, textile, automotive, electrical & electronics, and others. 

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Key questions answered in this research report:

• • At what pace is global Rigid Recycled Plastics Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Rigid Recycled Plastics Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Rigid Recycled Plastics Market?
  • Which type generated maximum revenues in 2019 and identify the most promising type during the forecast period?
  • What are the various industry verticals of global Rigid Recycled Plastics Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Recycling Method, By Industry Vertical, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	KW Plastics, Green Line Polymers, B. Schoenberg & Co., Inc., LyondellBasell Industries N.V., Clear Path Recycling, Centriforce Products Ltd., Placon, Custom Polymer Inc., Envision Plastics, Berry Global Group, Inc. among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Rigid Recycled Plastics Market by Type

• • Polyethylene Terephthalate (PET)
  • Polyethylene
  • Polypropylene
  • Polyvinyl Chloride (PVC)
  • Polystyrene
  • Others

Global Rigid Recycled Plastics Market by Recycling Method

• • Feedstock Recycling
  • Mechanical Recycling

Global Rigid Recycled Plastics Market by Industry Vertical

• • Packaging
  • Construction
  • Textile
  • Automotive
  • Electrical & Electronics
  • Others

Global Rigid Recycled Plastics Market by Region

• • North America Rigid Recycled Plastics Market (Option 1: As a part of the free 25% customization)
    • North America Rigid Recycled Plastics Market by Type
    • North America Rigid Recycled Plastics Market by Recycling Method
    • North America Rigid Recycled Plastics Market by Industry Vertical
    • US Rigid Recycled Plastics Market All-Up
    • Canada Rigid Recycled Plastics Market All-Up
  • Europe Rigid Recycled Plastics Market (Option 2: As a part of the free 25% customization)
    • Europe Rigid Recycled Plastics Market by Type
    • Europe Rigid Recycled Plastics Market by Recycling Method
    • Europe Rigid Recycled Plastics Market by Industry Vertical
    • UK Rigid Recycled Plastics Market All-Up
    • Germany Rigid Recycled Plastics Market All-Up
    • France Rigid Recycled Plastics Market All-Up
    • Spain Rigid Recycled Plastics Market All-Up
    • Rest of Europe Rigid Recycled Plastics Market All-Up
  • Asia-Pacific Rigid Recycled Plastics Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Rigid Recycled Plastics Market by Type
    • Asia-Pacific Rigid Recycled Plastics Market by Recycling Method
    • Asia-Pacific Rigid Recycled Plastics Market by Industry Vertical
    • China Rigid Recycled Plastics Market All-Up
    • India Rigid Recycled Plastics Market All-Up
    • Japan Rigid Recycled Plastics Market All-Up
    • Rest of APAC Rigid Recycled Plastics Market All-Up
  • RoW Rigid Recycled Plastics Market (Option 4: As a part of the free 25% customization)
    • RoW Rigid Recycled Plastics Market by Type
    • RoW Rigid Recycled Plastics Market by Recycling Method
    • RoW Rigid Recycled Plastics Market by Industry Vertical
    • Brazil Rigid Recycled Plastics Market All-Up
    • South Africa Rigid Recycled Plastics Market All-Up
    • Saudi Arabia Rigid Recycled Plastics Market All-Up
    • UAE Rigid Recycled Plastics Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Rigid Recycled Plastics Market All-Up

Major Players Operating in the Rigid Recycled Plastics Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • KW Plastics
  • Green Line Polymers
  • Schoenberg & Co., Inc.
  • LyondellBasell Industries N.V.
  • Clear Path Recycling
  • Centriforce Products Ltd.
  • Placon
  • Custom Polymer Inc
  • Envision Plastics
  • Berry Global Group, Inc.