United States Plastic Recycling Market Booming at 7.9% CAGR to Touch USD 4 Billion by 2030

Published | 16 October 2024

United States Plastic Recycling Market is expanding primarily due to heightened awareness about environmental impact of plastic pollution, stringent government regulations, and rapid adoption of advancements in recycling technology.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated United States Plastic Recycling Market size by value at USD 2.32 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects United States Plastic Recycling Market size to expand at a CAGR of 7.9% reaching a value of USD 3.9 billion by 2030. The Plastic Recycling Market in United States is propelled by increasing concerns about plastic pollution, the environmental impact of petrochemicals, and fluctuating crude oil prices. Industries across sectors, from construction to electronics, are increasingly adopting recycled plastics, which offer a more sustainable alternative to virgin materials. Leading companies like Coca-Cola and Nestlé are incorporating recycled materials into their packaging, and investments in advanced recycling technologies are poised to further revolutionize the industry. These factors are creating lucrative opportunities for market participants as they capitalize on the growing demand for sustainable solutions.

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Mechanical Recycling Process Segment Holds Larger Market Share

The mechanical recycling segment accounts for a larger share of United States Plastic Recycling Market by process, due to the effectiveness of mechanical process in reducing a company's carbon footprint. The process involves physically transforming plastic waste from residential and commercial sources into recycled polymers, preserving their molecular structure. The recycled polymers can then be used to manufacture a diverse range of new products across various industries, including automotive, textiles, electrical and electronics, packaging, and construction.

Impact of Escalating Geopolitical Tensions on United States Plastic Recycling Market

Intensifying geopolitical tensions could have a multifaceted impact on United States Plastic Recycling Market. Disruptions in international supply chains and trade barriers could curtail the availability of raw materials and recycled plastics, driving up costs and hindering access to critical recycling technologies. Moreover, strained diplomatic relations may impede global efforts to enhance recycling standards and practices. As geopolitical tensions intensify, governments may shift their focus and resources away from sustainability initiatives, potentially hindering the development of advanced recycling infrastructure and the adoption of eco-friendly practices.

Competitive Landscape

United States Plastic Recycling Market is highly fragmented, with numerous players serving the market. The key players dominating United States Plastic Recycling Market include Agilyx, Brightmark LLC, Plastipak Holdings, Inc., Custom Polymers, MBA Polymers Inc., Freepoint Eco-Systems LLC, Industrial Plastic Recycling Inc., KW Plastics, Seraphim Plastics, and Carbonlite Inc. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.

Don’t miss the business opportunity of United States Plastic Recycling Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The report's in-depth analysis provides information about growth potential, upcoming trends, and United States Plastic Recycling Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in United States Plastic Recycling Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

Scope of the Report

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