#Textile Recycling Market 2030

[neha24blog]

Textile Recycling Market Outlook On The Basis Of Material, Source, Process, Region And Forecast to 2030: Grand View Research Inc.

San Francisco, 8 Sep 2023: The Report Textile Recycling Market Size, Share & Trends Analysis Report By Material (Cotton, Polyester, Wool, Polyamide), By Source (Apparel Waste), By Process (Mechanical), By Region, And Segment Forecasts, 2023 – 2030 The global textile recycling market size is expected to reach USD 5,962.7 million by 2030, expanding at a CAGR of 3.2% from 2023 to 2030, according to…

[reasonsforhope]

"The Netherlands is pulling even further ahead of its peers in the shift to a recycling-driven circular economy, new data shows.

According to the European Commission’s statistics office, 27.5% of the material resources used in the country come from recycled waste.

For context, Belgium is a distant second, with a “circularity rate” of 22.2%, while the EU average is 11.5% – a mere 0.8 percentage point increase from 2010.

“We are a frontrunner, but we have a very long way to go still, and we’re fully aware of that,” Martijn Tak, a policy advisor in the Dutch ministry of infrastructure and water management, tells The Progress Playbook. 

The Netherlands aims to halve the use of primary abiotic raw materials by 2030 and run the economy entirely on recycled materials by 2050. Amsterdam, a pioneer of the “doughnut economics” concept, is behind much of the progress.

Why it matters

The world produces some 2 billion tonnes of municipal solid waste each year, and this could rise to 3.4 billion tonnes annually by 2050, according to the World Bank.

Landfills are already a major contributor to planet-heating greenhouse gases, and discarded trash takes a heavy toll on both biodiversity and human health.

“A circular economy is not the goal itself,” Tak says. “It’s a solution for societal issues like climate change, biodiversity loss, environmental pollution, and resource-security for the country.”

A fresh approach

While the Netherlands initially focused primarily on waste management, “we realised years ago that’s not good enough for a circular economy.”

In 2017, the state signed a “raw materials agreement” with municipalities, manufacturers, trade unions and environmental organisations to collaborate more closely on circular economy projects.

It followed that up with a national implementation programme, and in early 2023, published a roadmap to 2030, which includes specific targets for product groups like furniture and textiles. An English version was produced so that policymakers in other markets could learn from the Netherlands’ experiences, Tak says.

The programme is focused on reducing the volume of materials used throughout the economy partly by enhancing efficiencies, substituting raw materials for bio-based and recycled ones, extending the lifetimes of products wherever possible, and recycling.

It also aims to factor environmental damage into product prices, require a certain percentage of second-hand materials in the manufacturing process, and promote design methods that extend the lifetimes of products by making them easier to repair.

There’s also an element of subsidisation, including funding for “circular craft centres and repair cafés”.

This idea is already in play. In Amsterdam, a repair centre run by refugees, and backed by the city and outdoor clothing brand Patagonia, is helping big brands breathe new life into old clothes.

Meanwhile, government ministries aim to aid progress by prioritising the procurement of recycled or recyclable electrical equipment and construction materials, for instance.

State support is critical to levelling the playing field, analysts say...

Long Road Ahead

The government also wants manufacturers – including clothing and beverages companies – to take full responsibility for products discarded by consumers.

“Producer responsibility for textiles is already in place, but it’s work in progress to fully implement it,” Tak says.

And the household waste collection process remains a challenge considering that small city apartments aren’t conducive to having multiple bins, and sparsely populated rural areas are tougher to service.

“Getting the collection system right is a challenge, but again, it’s work in progress.”

...Nevertheless, Tak says wealthy countries should be leading the way towards a fully circular economy as they’re historically the biggest consumers of natural resources."

-via The Progress Playbook, December 13, 2023

[mariacallous]

In 2023, the fast-fashion giant Shein was everywhere. Crisscrossing the globe, airplanes ferried small packages of its ultra-cheap clothing from thousands of suppliers to tens of millions of customer mailboxes in 150 countries. Influencers’ “#sheinhaul” videos advertised the company’s trendy styles on social media, garnering billions of views.

At every step, data was created, collected, and analyzed. To manage all this information, the fast fashion industry has begun embracing emerging AI technologies. Shein uses proprietary machine-learning applications — essentially, pattern-identification algorithms — to measure customer preferences in real time and predict demand, which it then services with an ultra-fast supply chain.

As AI makes the business of churning out affordable, on-trend clothing faster than ever, Shein is among the brands under increasing pressure to become more sustainable, too. The company has pledged to reduce its carbon dioxide emissions by 25 percent by 2030 and achieve net-zero emissions no later than 2050.

But climate advocates and researchers say the company’s lightning-fast manufacturing practices and online-only business model are inherently emissions-heavy — and that the use of AI software to catalyze these operations could be cranking up its emissions. Those concerns were amplified by Shein’s third annual sustainability report, released late last month, which showed the company nearly doubled its carbon dioxide emissions between 2022 and 2023.

“AI enables fast fashion to become the ultra-fast fashion industry, Shein and Temu being the fore-leaders of this,” said Sage Lenier, the executive director of Sustainable and Just Future, a climate nonprofit. “They quite literally could not exist without AI.” (Temu is a rapidly rising ecommerce titan, with a marketplace of goods that rival Shein’s in variety, price, and sales.)

In the 12 years since Shein was founded, it has become known for its uniquely prolific manufacturing, which reportedly generated over $30 billion of revenue for the company in 2023. Although estimates vary, a new Shein design may take as little as 10 days to become a garment, and up to 10,000 items are added to the site each day. The company reportedly offers as many as 600,000 items for sale at any given time with an average price tag of roughly $10. (Shein declined to confirm or deny these reported numbers.) One market analysis found that 44 percent of Gen Zers in the United States buy at least one item from Shein every month.

That scale translates into massive environmental impacts. According to the company’s sustainability report, Shein emitted 16.7 million total metric tons of carbon dioxide in 2023 — more than what four coal power plants spew out in a year. The company has also come under fire for textile waste, high levels of microplastic pollution, and exploitative labor practices. According to the report, polyester — a synthetic textile known for shedding microplastics into the environment — makes up 76 percent of its total fabrics, and only 6 percent of that polyester is recycled.

And a recent investigation found that factory workers at Shein suppliers regularly work 75-hour weeks, over a year after the company pledged to improve working conditions within its supply chain. Although Shein’s sustainability report indicates that labor conditions are improving, it also shows that in third-party audits of over 3,000 suppliers and subcontractors, 71 percent received a score of C or lower on the company’s grade scale of A to E — mediocre at best.

Machine learning plays an important role in Shein’s business model. Although Peter Pernot-Day, Shein’s head of global strategy and corporate affairs, told Business Insider last August that AI was not central to its operations, he indicated otherwise during a presentation at a retail conference at the beginning of this year.

“We are using machine-learning technologies to accurately predict demand in a way that we think is cutting edge,” he said. Pernot-Day told the audience that all of Shein’s 5,400 suppliers have access to an AI software platform that gives them updates on customer preferences, and they change what they’re producing to match it in real time.

“This means we can produce very few copies of each garment,” he said. “It means we waste very little and have very little inventory waste.” On average, the company says it stocks between 100 to 200 copies of each item — a stark contrast with more conventional fast-fashion brands, which typically produce thousands of each item per season, and try to anticipate trends months in advance. Shein calls its model “on-demand,” while a technology analyst who spoke to Vox in 2021 called it “real-time” retail.

At the conference, Pernot-Day also indicated that the technology helps the company pick up on “micro trends” that customers want to wear. “We can detect that, and we can act on that in a way that I think we’ve really pioneered,” he said. A designer who filed a recent class action lawsuit in a New York District Court alleges that the company’s AI market analysis tools are used in an “industrial-scale scheme of systematic, digital copyright infringement of the work of small designers and artists,” that scrapes designs off the internet and sends them directly to factories for production.

In an emailed statement to Grist, a Shein spokesperson reiterated Peter Pernot-Day’s assertion that technology allows the company to reduce waste and increase efficiency and suggested that the company’s increased emissions in 2023 were attributable to booming business. “We do not see growth as antithetical to sustainability,” the spokesperson said.

An analysis of Shein’s sustainability report by the Business of Fashion, a trade publication, found that last year, the company’s emissions rose at almost double the rate of its revenue — making Shein the highest-emitting company in the fashion industry. By comparison, Zara’s emissions rose half as much as its revenue. For other industry titans, such as H&M and Nike, sales grew while emissions fell from the year before.

Shein’s emissions are especially high because of its reliance on air shipping, said Sheng Lu, a professor of fashion and apparel studies at the University of Delaware. “AI has wide applications in the fashion industry. It’s not necessarily that AI is bad,” Lu said. “The problem is the essence of Shein’s particular business model.”

Other major brands ship items overseas in bulk, prefer ocean shipping for its lower cost, and have suppliers and warehouses in a large number of countries, which cuts down on the distances that items need to travel to consumers.

According to the company’s sustainability report, 38 percent of Shein’s climate footprint comes from transportation between its facilities and to customers, and another 61 percent come from other parts of its supply chain. Although the company is based in Singapore and has suppliers in a handful of countries, the majority of its garments are produced in China and are mailed out by air in individually addressed packages to customers. In July, the company sent about 900,000 of these to the US every day.

Shein’s spokesperson told Grist that the company is developing a decarbonization road map to address the footprint of its supply chain. Recently, the company has increased the amount of inventory it stores in US warehouses, allowing it to offer American customers quicker delivery times, and increased its use of cargo ships, which are more carbon-efficient than cargo planes.

“Controlling the carbon emissions in the fashion industry is a really complex process,” Lu said, adding that many brands use AI to make their operations more efficient. “It really depends on how you use AI.”

There is research that indicates using certain AI technologies could help companies become more sustainable. “It’s the missing piece,” said Shahriar Akter, an associate dean of business and law at the University of Wollongong in Australia. In May, Akter and his colleagues published a study finding that when fast-fashion suppliers used AI data management software to comply with big brands’ sustainability goals, those companies were more profitable and emitted less. A key use of this technology, Atker says, is to closely monitor environmental impacts, such as pollution and emissions. “This kind of tracking was not available before AI-based tools,” he said.

Shein told Grist it does not use machine-learning data management software to track emissions, which is one of the uses of AI included in Akter’s study. But the company’s much-touted usage of machine-learning software to predict demand and reduce waste is another of the uses of AI included in the research.

Regardless, the company has a long way to go before meeting its goals. Grist calculated that the emissions Shein reportedly saved in 2023 — with measures such as providing its suppliers with solar panels and opting for ocean shipping — amounted to about 3 percent of the company’s total carbon emissions for the year.

Lenier, from Sustainable and Just Future, believes there is no ethical use of AI in the fast-fashion industry. She said that the largely unregulated technology allows brands to intensify their harmful impacts on workers and the environment. “The folks who work in fast-fashion factories are now under an incredible amount of pressure to turn out even more, even faster,” she said.

Lenier and Lu both believe that the key to a more sustainable fashion industry is convincing customers to buy less. Lu said if companies use AI to boost their sales without changing their unsustainable practices, their climate footprints will also grow accordingly. “It’s the overall effect of being able to offer more market-popular items and encourage consumers to purchase more than in the past,” he said. “Of course, the overall carbon impact will be higher.”

[notwiselybuttoowell]

The Swedish pulp producer Renewcell has just opened the world's first commercial-scale, textile-to-textile chemical recycling pulp mill, after spending 10 years developing the technology.

While mechanical textiles-to-textiles recycling, which involves the manual shredding of clothes and pulling them apart into their fibres, has existed for centuries, Renewcell is the first commercial mill to use chemical recycling, allowing it to increase quality and scale production. With ambitions to recycle the equivalent of more than 1.4 billion T-shirts every year by 2030, the new plant marks the beginning of a significant shift in the fashion industry's ability to recycle used clothing at scale.

"The linear model of fashion consumption is not sustainable," says Renewcell chief executive Patrik Lundström. "We can't deplete Earth's natural resources by pumping oil to make polyester, cut down trees to make viscose or grow cotton, and then use these fibres just once in a linear value chain ending in oceans, landfills or incinerators. We need to make fashion circular." This means limiting fashion waste and pollution while also keeping garments in use and reuse for as long as possible by developing collection schemes or technologies to turn textiles into new raw materials.

Each year, more than 100 billion items of clothing are produced globally, according to some estimates, with 65% of these ending up in landfill within 12 months. Landfill sites release equal parts carbon dioxide and methane – the latter greenhouse gas being 28 times more potent than the former over a 100-year period. The fashion industry is estimated to be responsible for 8-10% of global carbon emissions, according to the UN.

Just 1% of recycled clothes are turned back into new garments. While charity shops, textiles banks and retailer "take-back" schemes help to keep those donated clothes in wearable condition in circulation, the capabilities of recycling clothes at end-of-life are currently limited. Many high street stores with take-back schemes, including Levi Strauss and H&M, operate a three-pronged system: resell (for example, to charity shops), re-use (convert into other products, such as cleaning cloths or mops) or recycle (into carpet underlay, insulation material or mattress filling – clothing is not listed as an option).

Much of the technical difficulty in recycling worn-out clothes back into new clothing comes down to their composition. The majority of clothes in our wardrobes are made from a blend of textiles, with polyester the most widely produced fibre, accounting for a 54% share of  total global fibre production, according to the global non-profit Textile Exchange. Cotton is second, with a market share of approximately 22%. The reason for polyester's prevalence is the low cost of fossil-based synthetic fibres, making them a popular choice for fast fashion brands, which prioritise price above all else – polyester costs half as much per kg as cotton. While the plastics industry has been able to break down pure polyester (PET) for decades, the blended nature of textiles has made it challenging to recycle one fibre, without degrading the other. (Read more about why clothes are so hard to recycle.)

By using 100% textile waste – mainly old T-shirts and jeans – as its feedstock, the Renewcell mill makes a biodegradable cellulose pulp they call Circulose. The textiles are first shredded and have buttons, zips and colouring removed. They then undergo both mechanical and chemical processing that helps to gently separate the tightly tangled cotton fibres from each other. What remains is pure cellulose.

[intentmarketresearch-imr]

Biodegradable Plastic Market Propelled by Technological Advances in PLA and PHA

The Biodegradable Plastic Market is experiencing remarkable growth, valued at USD 7.1 billion in 2023 and projected to exceed USD 25.5 billion by 2030, registering an impressive compound annual growth rate (CAGR) of 21.4% between 2024 and 2030. This surge is driven by rising environmental concerns, stringent regulations on conventional plastics, and increased demand for sustainable alternatives. Below, we’ll explore the dynamics of this thriving market.

Key Drivers of the Biodegradable Plastic Market

1. Rising Environmental Awareness

Consumers and industries alike are prioritizing eco-friendly solutions due to growing awareness of plastic pollution's detrimental effects on ecosystems.

2. Government Regulations

Strict bans and taxes on single-use plastics in many countries are pushing the adoption of biodegradable plastics in packaging, agriculture, and other applications.

3. Advances in Biodegradable Plastic Technology

Continuous R&D efforts are yielding more efficient, versatile, and cost-effective biodegradable plastic solutions.

Download Sample Report @ https://intentmarketresearch.com/request-sample/biodegradable-plastic-market-3046.html  

Market Segmentation

By Material Type

Polylactic Acid (PLA): Widely used due to its cost efficiency and versatility in packaging and disposable items.

Starch-Based Plastics: Popular for their eco-friendly and renewable properties.

Polyhydroxyalkanoates (PHA): Emerging as a sustainable option for medical and specialty applications.

By Application

Packaging Industry: Dominates the market, driven by consumer preference for sustainable packaging.

Agriculture: Use in mulch films and other biodegradable farming tools.

Textile: Adoption for making sustainable fibers.

Consumer Goods: Including cutlery, plates, and personal care products.

Regional Insights

North America

Growth fueled by government incentives for adopting biodegradable materials.

Major industry players are focusing on reducing dependency on petroleum-based plastics.

Europe

Leads in market share due to stringent environmental laws and an eco-conscious consumer base.

Rapid advancements in PHA and other biodegradable polymers.

Asia-Pacific

Expanding urbanization and industrialization are driving demand for eco-friendly materials.

Governments in China, India, and Japan are promoting initiatives to combat plastic waste.

Access Full Report @ https://intentmarketresearch.com/latest-reports/biodegradable-plastic-market-3046.html 

Challenges in the Market

High Production Costs: Current manufacturing technologies make biodegradable plastics more expensive than conventional plastics.

Limited Infrastructure for Composting: Efficient waste disposal systems are not universally available, especially in developing regions.

Competition from Recyclable Plastics: Alternatives like PET recycling programs could limit market growth.

Future Prospects of the Biodegradable Plastic Market

The Biodegradable Plastic Market is set to flourish as industries focus on circular economy models. Innovations to reduce costs and improve properties, coupled with stricter policies against plastic waste, will accelerate market adoption.

FAQs

What is driving the growth of the biodegradable plastic market? The primary drivers are increasing environmental awareness, regulatory mandates on plastic use, and technological innovations in biodegradable polymers.

What industries benefit most from biodegradable plastics? Industries like packaging, agriculture, consumer goods, and textiles are the biggest adopters of biodegradable plastics.

What materials are commonly used in biodegradable plastics? PLA, starch-based plastics, and PHA are some of the most widely used materials in the production of biodegradable plastics.

What regions are leading the biodegradable plastic market? Europe and North America are at the forefront, while Asia-Pacific shows the fastest growth rate.

What challenges does the market face? Key challenges include high production costs, limited composting infrastructure, and competition from recycled plastics.

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Intent Market Research (IMR) is dedicated to delivering distinctive market insights, focusing on the sustainable and inclusive growth of our clients. We provide in-depth market research reports and consulting services, empowering businesses to make informed, data-driven decisions.

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[patilsandip]

Global Biodegradable Plastic Market Report 2024 – 2030

Our Latest Report covers The Global Biodegradable Plastic Market is experiencing rapid growth as environmental concerns and sustainability initiatives push for more eco-friendly alternatives to conventional plastics. Biodegradable plastics are designed to break down naturally through the action of microorganisms, helping reduce plastic waste and environmental pollution. These plastics are used in a wide range of applications, including packaging, agriculture, consumer goods, and medical devices. The market's growth is driven by the increasing global push toward reducing plastic pollution, growing regulatory pressure, and rising consumer demand for sustainable products.

Get More Insights:

Key Matrix for Latest Report Update • Base Year: 2023, Estimated Year: 2024, CAGR: 2024 to 2030

Key Players In The Global Biodegradable Plastic Market:

BASF SE, Natureworks, Total Corbion PLA, Mitsubishi Chemical Corporation,  Biome Bioplastics, Plantic Technologies, Bio-On, Danimer Scientific, and Novamont S.P.A.

Market segmentation

Global Biodegradable Plastic Market is segmented into type such as PLA (Polylactic Acid) PBAT (Polybutylene Adipate Terephthalate),PBS (POLYBUTYLENE SUCCINATE), PHA (POLYHYDROXYALKANOATES), Starch Blends, and Others. Further, market is segmented into application such as Packaging, Agriculture, Consumer Durable, Textile, and Others.

Also, Global Biodegradable Plastic Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Global Biodegradable Plastic Market Segment by Type:

PLA (Polylactic Acid)

PBAT (Polybutylene Adipate Terephthalate)

PBS (POLYBUTYLENE SUCCINATE)

PHA (POLYHYDROXYALKANOATES)

Starch Blends Others

Global Biodegradable Plastic Market Segment by Applications:

Packaging

Agriculture

Consumer

Durable

Textile Others

Regional Analysis for COVID-19 Outbreak- Global Biodegradable Plastic Market:

APAC (Japan, China, South Korea, Australia, India, and Rest of APAC)

Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)

North America (U.S., Canada, and Mexico)

South America (Brazil, Chile, Argentina, Rest of South America)

MEA (Saudi Arabia, UAE, South Africa)

Market Trends:

Shift to Plant-Based Bioplastics: There is a growing trend toward using renewable resources such as corn, sugarcane, and algae to produce biodegradable plastics, with plant-based bioplastics (like PLA and PHA) gaining popularity in the market.

Growth in Packaging Applications: The packaging industry is the largest consumer of biodegradable plastics, driven by the rising demand for eco-friendly packaging solutions in food, beverage, and retail sectors. Companies are shifting to biodegradable alternatives for single-use packaging to meet sustainability goals.

Use in Agriculture: Biodegradable plastics are increasingly being used in agriculture for applications such as mulch films, seed coatings, and plant pots, as they help reduce plastic waste and improve soil health.

Focus on Recycling and Circular Economy: The focus on the circular economy is also shaping the biodegradable plastic market, with increased efforts toward creating products that can be easily recycled or composted after use.

FIVE FORCES & PESTLE ANALYSIS:

To understand the market conditions the five forces analysis is developed that comprises Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry. Political (Political policy and stability as well as trade, fiscal, and taxation policies) Economical: Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates • Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles) • Technological (Changes in digital or mobile technology, automation, research, and development) • Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions) • Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)

FAQ's:

Which are the dominant players of the Global Biodegradable Plastic Market?

What will be the size of the Global Biodegradable Plastic Market in the coming years?

Which segment will lead the Global Biodegradable Plastic Market?

How will the market development trends change in the next five years?

What is the nature of the competitive landscape of the Global Biodegradable Plastic Market?

What are the go-to strategies adopted in the Global Biodegradable Plastic Market?

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[global-research-report]

Building a Greener Tomorrow: The Role of Post-Consumer Recycled Plastics

Post-consumer Recycled Plastics Industry Overview

The global post-consumer recycled plastics market size is expected to reach USD 21.64 billion by 2030, registering a CAGR of 10.7% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing environmental concerns, growing urbanization, industrialization, and rising concerns to reduce the carbon footprint in the manufacturing of plastic resin are expected to drive the market

Demand for post-consumer recycled plastics is expected to increase majorly in the packaging application and various industries, including electrical and electronics, food and beverages, automotive, and textiles. Fast-moving consumer goods (FMCG) and food and beverage are the primary sectors driving the demand for post-consumer recycled plastics. In addition, post-consumer recycled plastics are used in the production of various plastics. Rising environmental concerns and various government regulations to reduce the carbon footprint are expected to drive the demand for post-consumer recycled plastic.

Gather more insights about the market drivers, restrains and growth of the Post-Consumer Recycled Plastics Market

The global market is segmented based on type as polyethylene terephthalate (PET), polypropylene (PP), polystyrene (PS), polyethylene (PE), polyvinyl chloride (PVC), and polyurethane (PUR). Polyethylene was the prominent source segment and accounted for over 20.0% share of the global revenue in the year 2019. The polystyrene segment is expected to witness significant growth in the future due to the high demand for packaging products, such as films, sheets, and foam, which are used in a wide range of industries.

Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.

The global pet food packaging market size was valued at USD 11.66 billion in 2023 and is projected to grow at a CAGR of 5.7% from 2024 to 2030.

The global medical grade silicone market size was valued at USD 601.7 million in 2024 and is expected to register a CAGR of 7.4% from 2025 to 2030.

Post-consumer Recycled Plastics Market Segmentation

Grand View Research has segmented the global post-consumer recycled plastics market based on source, type, and region:

Post-consumer Recycled Plastics Source Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

Bottles

Non-bottle Rigid

Others

Post-consumer Recycled Plastics Type Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

Polypropylene (PP)

Polystyrene (PS)

Polyethylene (PE)

Polyvinyl Chloride (PVC)

Polyurethane (PUR)

Polyethylene Terephthalate (PET)

Others

Post-consumer Recycled Plastics Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

North America

US

Canada

Mexico

Europe

Germany

France

UK

Italy

Asia Pacific

China

Japan

India

Malaysia

Central & South America

Brazil

Middle East & Africa

Saudi Arabia

 Key Companies profiled:

BASF SE

SABIC

Evonik Industries AG

Sumitomo Chemical Co., Ltd.

Arkema

Celanese Corporation

Eastman Chemical Company

Chevron Phillips Chemical Company

Exxon Mobil Corporation

Covestro AG

Key Post-consumer Recycled Plastics Company Insights

Key companies are adopting several organic and inorganic growth strategies, such as new product development, mergers & acquisitions, and joint ventures, to maintain and expand their market share.

In November 2023, LyondellBasell Industries Holdings B.V. announced the establishment of an industrial-scale catalytic advanced plastic recycling demonstration plant at the Wesseling location of the company in the country. It will be the first single-train recycling plant of LyondellBasell Industries Holdings B.V. that is expected to convert post-consumer plastic waste into feedstocks for fresh plastic production

In August 2023, Borouge, a joint venture between Borealis and the Abu Dhabi National Oil Company (ADNOC) in the UAE, announced the debut of new polypropylene (PP) products for the automobile sector that contains up to 70% PCR materials. The first solution comprises 50% PCR material, lowering the carbon footprint by approximately 28% compared to virgin grades. The second solution, which incorporates up to 70% PCR materials, was designed to produce wheel arches and other exterior components.

In January 2023, PureCycle, an advanced recycling company, and the Port of Antwerp-Bruges jointly announced plans to develop PureCycle's first polypropylene (PP) recycling facility in Europe. The new factory is projected to have an annual capacity of 59,000 metric tons (130 million pounds), with a high growth potential. The 14-hectare (35-acre) site can accommodate up to four processing lines, with an estimated total capacity of 240,000 metric tons (500 million pounds) per year.

Order a free sample PDF of the Post-Consumer Recycled Plastics Market Intelligence Study, published by Grand View Research.

[blueweave8]

United States Plastic Recycling Market Outlook, Growth, Report 2023-2030

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

The United States Plastic Recycling Market is highly fragmented, with numerous players serving it. The key players dominating the 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 the players adopt are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.

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[industrynewsupdates]

Growth of Post-Consumer Recycled Plastics Market: Key Factors Driving Demand

The global post-consumer recycled plastics market was valued at approximately USD 10.66 billion in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of 10.7% from 2024 to 2030. This market expansion is primarily driven by the increasing sustainability initiatives adopted by food and beverage as well as packaging companies, which are making efforts to integrate recycled plastic materials into their operations. Additionally, the growing emphasis on building a circular economy by end-users, coupled with the rising adoption of recycled plastics across various sectors such as packaging, textiles, and other end-use industries, is expected to significantly boost the global demand for post-consumer recycled (PCR) plastics.

Technological innovations in recycling processes that enable the creation of highly effective and advanced post-recycled plastics have also emerged as a major factor driving market growth. For example, in October 2023, Repsol S.A. and Signode Industrial Group LLC introduced a ready-to-use strap made from a polypropylene (PP) composition containing 30% recycled content, specifically designed for use in high-tenacity applications.

Furthermore, the global market's expansion can be attributed to the increasing demand for PCR plastics from a wide range of industries, including building and construction, packaging, electrical and electronics, textiles, and automotive. These industries are increasingly turning to recycled plastics as a more sustainable alternative to traditional virgin, fossil-based plastics. In particular, the construction sector is experiencing growth in countries like China, India, the United States, and Saudi Arabia, driven by various redevelopment projects that are contributing to higher demand for PCR plastics in construction materials.

Gather more insights about the market drivers, restrains and growth of the Post-consumer Recycled Plastics Market 

Regional Insights:

North America Post-consumer Recycled Plastics Market

In 2023, North America accounted for a significant share of the global post-consumer recycled plastics market. This growth is attributed to the presence of major industry players like Eastman Chemical Company and the increasing regulatory pressure to reduce plastic waste. Concerns over landfill overflow and rising environmental awareness are pushing both consumers and businesses to turn to recycled plastic solutions. The increasing focus on reducing carbon footprints and the growing consumer preference for sustainable products such as eco-friendly packaging, building materials, and electrical & electronics products are expected to further boost the demand for post-consumer recycled plastics, including materials like PE (Polyethylene), PP (Polypropylene), and PET (Polyethylene Terephthalate), which are commonly used in packaging.

U.S. 

The U.S. post-consumer recycled plastics market is poised for significant growth due to the rising volume of plastic waste generated by consumers. This increase in waste directly correlates with an uptick in recyclability efforts, fueling the demand for PCR plastics. These plastics are widely used in the production of consumer electronics, such as wearables and other electronic appliances. 

Canada 

In 2023, Canada dominated the North American market, accounting for more than 50% of the regional market share. The Canadian government and private sector are increasing efforts to address landfill overflows and plastic waste, thereby fostering the demand for post-consumer recycled plastics. This trend is particularly evident in the packaging industry, where companies are looking for ways to replace virgin plastics with PCR plastics to meet sustainability goals.

Asia Pacific Post-consumer Recycled Plastics Market

The Asia Pacific region accounted for over 45% of the global market revenue in 2023 and is expected to maintain its dominant position through 2030. The growth is driven by increasing demand for PCR plastics in industries like automotive and construction, where recycled plastics are increasingly used for manufacturing components and materials. The growing focus on sustainability in these industries is contributing to the shift toward recycled plastic solutions.

China

China is one of the fastest-growing markets for post-consumer recycled plastics, largely due to the rapid growth in the food & beverage industry and the rising popularity of food delivery services. The increase in demand for plastic packaging materials, including polyethylene, polypropylene, and PET, has spurred a surge in recycling efforts, driving the production of PCR plastics. 

Japan

Japan is also projected to witness significant growth in the PCR plastics market. The country has been making considerable progress in plastic recycling rates, and growing concerns over plastic waste reduction are expected to create favorable conditions for PCR plastics in applications like packaging and consumer electronics.

Europe Post-consumer Recycled Plastics Market

The European market for post-consumer recycled plastics is expected to see steady growth over the forecast period, driven by the region's commitment to a circular economy aimed at reducing plastic waste. A significant driver is the European Union's initiative to mandate the use of PCR plastics in packaging, which is likely to increase the demand for recycled plastics across the region. This regulatory framework is aimed at promoting sustainability and reducing reliance on virgin plastics.

Germany

Germany, a leader in European waste management practices, is expected to witness consistent growth in the market. With advancements in waste management infrastructure and a significant increase in post-consumer recycling activities, Germany is set to play a pivotal role in driving the consumption of PCR plastics, particularly in the packaging and construction sectors.

UK

In the UK, the growing use of PCR plastics in consumer electronics driven by the increasing demand for wearables like fitness trackers and smartwatches is expected to create a surge in demand. Innovations in product development and growing consumer awareness of environmental issues are also anticipated to drive further market growth in the country.

Central & South America Post-consumer Recycled Plastics Market

In Central and South America, the post-consumer recycled plastics market is expected to grow steadily, fueled by the increasing efforts to reduce plastic waste and its harmful effects on marine environments. Countries like Brazil, Argentina, Chile, Colombia, and Costa Rica are focused on minimizing land-based plastic waste, which contributes to marine pollution. The demand for food and non-food plastic bottles across various industries is one of the major factors driving the growth of PCR plastics in the region’s packaging sector

Middle East & Africa Post-consumer Recycled Plastics Market

The market in the Middle East & Africa is expected to grow at a steady pace during the forecast period. This growth is primarily driven by rising environmental concerns and the increasing demand for sustainable plastic products. Governments and industries in this region are gradually recognizing the environmental benefits of recycled plastics, prompting businesses to shift toward more sustainable production processes. 

Browse through Grand View Research's Category Plastics, Polymers & Resins Industry Research Reports.

• The global cross-linked polyethylene market size was valued at USD 8.0 billion in 2023 and is projected to grow at a CAGR of 6.9% from 2024 to 2030.

• The global poly alpha olefin market size was valued at USD 1.48 billion in 2023 and is projected to grow at a CAGR of 2.8% from 2024 to 2030.

Key Companies & Market Share Insights:

Leading companies in the post-consumer recycled plastics (PCR plastics) market are employing a variety of both organic and inorganic growth strategies to maintain and expand their market positions. These strategies include new product development, mergers & acquisitions, and joint ventures, which help to enhance their product portfolios, enter new markets, and leverage new technologies in the recycling space. Below are some notable recent developments by key players in the industry:

In November 2023, LyondellBasell Industries Holdings B.V., a global leader in the chemical and plastics industry, announced the establishment of an industrial-scale catalytic advanced plastic recycling demonstration plant at its Wesseling site in Germany. 

In August 2023, Borouge, a joint venture between Borealis and the Abu Dhabi National Oil Company (ADNOC), launched a new series of polypropylene (PP) products for the automobile sector that contain up to 70% post-consumer recycled (PCR) materials. 

In January 2023, PureCycle Technologies, a company specializing in advanced recycling technologies, partnered with the Port of Antwerp-Bruges to announce plans for developing PureCycle's first polypropylene (PP) recycling facility in Europe. 

Key Post-consumer Recycled Plastics Companies:

• BASF SE

• SABIC

• Evonik Industries AG

• Sumitomo Chemical Co., Ltd.

• Arkema

• Celanese Corporation

• Eastman Chemical Company

• Chevron Phillips Chemical Company

• Exxon Mobil Corporation

• Covestro AG

Order a free sample PDF of the Post-consumer Recycled Plastics Market Intelligence Study, published by Grand View Research.

[psychicsheeparcade]

Flame Retardants Market Growth and Status Explored in a New Research Report 2034

The flame retardants market is a key component of industries focused on enhancing fire safety. These compounds are added to materials such as plastics, textiles, and coatings to reduce flammability and inhibit the spread of fire. With growing safety regulations and increased awareness about fire prevention, the demand for flame retardants is on a steady rise globally.

The market for flame retardants is expected to increase at a compound annual growth rate (CAGR) of 7.2% between 2024 and 2034, reaching USD 16,462.41 million in 2034 based on an average growth pattern. In 2024, it is projected that the market will be worth USD 9,845.59 million.

Get a Sample Copy of Report, Click Here: https://wemarketresearch.com/reports/request-free-sample-pdf/flame-retardants-market/1589

Market Size and Growth:

The global flame retardants market was valued at approximately USD 8 billion in 2023 and is projected to grow at a CAGR of around 6% from 2024 to 2030.

Growth drivers include stringent fire safety standards, rapid industrialization, and advancements in flame-retardant technologies.

Key Applications:

Building & Construction: Used in insulation materials, structural components, and coatings.

Electronics & Electrical: Applied to circuit boards, cables, and appliances.

Transportation: Essential for automotive, aerospace, and railway materials.

Textiles: Used in furniture upholstery, curtains, and protective clothing.

Types of Flame Retardants:

Halogenated Flame Retardants: Known for effectiveness but facing declining usage due to environmental concerns.

Non-Halogenated Flame Retardants: Includes phosphorous-based, nitrogen-based, and inorganic flame retardants, growing in popularity for their eco-friendliness.

Flame Retardants Market Trends

Rising environmental concerns and health-related issues have led to increased adoption of non-halogenated flame retardants.

Manufacturers are investing in bio-based flame retardants to align with sustainability goals.

Advancements in Technology:

Development of multifunctional flame retardants that enhance fire safety without compromising the physical properties of materials.

Nanotechnology is being integrated to produce more efficient and lightweight solutions.

Stringent Regulations:

Governments worldwide are enforcing strict fire safety standards, boosting demand for flame-retardant materials.

Europe and North America are particularly focused on phasing out hazardous flame retardants.

Flame Retardants Market Opportunities

With the expansion of 5G networks, there’s increased usage of flame retardants in electronic components and infrastructure.

Manufacturers are exploring flame-retardant solutions compatible with recycling processes, especially in the plastic and automotive sectors.

Use of flame-retardant materials in medical devices and hospital furnishings, where fire safety is critical, is opening new avenues for growth.

Key companies profiled in this research study are,

The Flame Retardants Market is dominated by a few large companies, such as

BASF SE

Clariant AG

Huntsman Corporation

 Israel Chemicals Limited (ICL)

Albemarle Corporation

·DuPont de Nemours, Inc.

Arkema S.A.

Solvay S.A.

Dow Chemical Company

Ferro Corporation

Nabaltec AG

Shanghai Pret Composites Co., Ltd.

Jiangsu Kuaima Chemical Co., Ltd.

Flame Retardants Market Segmentation,

By Type:

Alumina Trihydrate

Brominated Flame Retardant

Antimony Trioxide

Phosphorous Flame Retardant

Others

By Application:

Unsaturated Polyester Resins

Epoxy Resins

PVC

Rubber

Polyolefins

Others (Engineering Thermoplastics and PET)

By End User Industry:

Construction

Automotive & Transportation

Electronics

Others (Textiles, Aerospace, and Adhesives)

By Region:

North America

Latin America

Europe

East Asia

South Asia

Oceania

Middle East and Africa

Flame Retardants Industry: Regional Analysis

Asia Pacific Market Forecast

Asia Pacific dominates the worldwide flame retardant market, accounting for around 36% of the market in 2023. The Asia-Pacific region is the one with the fastest rate of growth and the highest percentage of flame retardants due to the fast industrialization, urbanization, and rise in construction activity. The growing demand for electronics, textiles, and cars in countries like China and India is largely responsible for the industry's expansion.

European Market Statistics

Europe's well-known emphasis on environmentally friendly practices and legislation is driving the demand for non-toxic flame retardants. Strict regulations that support the market, such REACH (Registration, Evaluation, Authorization and Restriction of Chemicals), have an impact on the use of particular flame retardants. The building and automotive industries in the region make extensive use of flame retardants. 

Market Predictions for North America

North America dominates the flame retardant market due to the region's stringent fire safety regulations, particularly in the building and automobile industries. Due to the existence of major manufacturers and continuous advancements in flame retardant compounds, the market is growing. Non-halogenated flame retardants are becoming more and more popular in the area due to environmental concerns.

Conclusion:

The flame retardants market is poised for sustained growth, driven by advancements in fire safety standards, the rise of eco-friendly alternatives, and expanding applications across industries like construction, electronics, and transportation. As safety and sustainability become global priorities, manufacturers are innovating to meet the dual demands of high performance and environmental compliance.

Looking ahead, the integration of smart flame retardants, bio-based solutions, and recyclable materials will reshape the market, making it more dynamic and sustainable. With stringent regulations and growing consumer awareness, the market is set to play a pivotal role in enhancing fire safety while supporting global environmental goals.

[credenceresearchdotblog]

The Engineering Plastics Market is projected to grow from USD 122855 million in 2024 to an estimated USD 212671 million by 2032, with a compound annual growth rate (CAGR) of 7.1% from 2024 to 2032.Engineering plastics have emerged as the backbone of various industries, providing versatile solutions that outperform traditional materials such as metals and ceramics. These high-performance polymers are specifically designed for applications requiring superior mechanical, thermal, and chemical properties. With a growing demand from sectors like automotive, electronics, construction, and healthcare, the global engineering plastics market is set for robust growth.

Browse the full report  https://www.credenceresearch.com/report/engineering-plastics-market

Market Overview

The global engineering plastics market is projected to grow significantly in the coming years, driven by technological advancements and increasing applications across industries. According to recent market reports, the market is expected to reach a value of over $150 billion by 2030, growing at a compound annual growth rate (CAGR) of approximately 6-7% during the forecast period. Key players like BASF, DowDuPont, SABIC, and LG Chem dominate the market, leveraging their extensive R&D capabilities to develop innovative and sustainable solutions.

Key Types of Engineering Plastics

Engineering plastics are broadly classified into several types, each tailored for specific applications. Some of the most commonly used categories include:

1. Polyamides (PA): Also known as nylon, these materials are widely used in automotive components, textiles, and industrial machinery due to their excellent strength, abrasion resistance, and thermal stability. 2. Polycarbonates (PC): Renowned for their transparency and impact resistance, polycarbonates are essential in manufacturing electronic displays, automotive headlamps, and medical devices. 3. Polyoxymethylene (POM): Commonly known as acetal, this plastic is used in precision parts like gears, bearings, and fasteners due to its high rigidity and dimensional stability. 4. Acrylonitrile Butadiene Styrene (ABS): Known for its toughness and ease of processing, ABS finds applications in consumer electronics, toys, and automotive interiors. 5. Thermoplastic Polyesters (PET, PBT): These are widely used in electrical components and packaging, owing to their excellent chemical resistance and thermal properties.

Market Drivers

1. Rising Demand from the Automotive Sector: Engineering plastics are replacing traditional materials in the automotive industry to reduce vehicle weight and improve fuel efficiency. Components such as fuel systems, interior trims, and under-the-hood applications are increasingly using high-performance plastics.

2. Growth in Electronics and Electrical Industry: With the proliferation of smart devices and advanced electronics, the demand for lightweight, durable, and heat-resistant materials has surged. Polycarbonates and ABS are critical in manufacturing casings, connectors, and display screens.

3. Focus on Sustainability: Engineering plastics are increasingly being recycled and reused to align with global sustainability goals. This shift toward eco-friendly solutions is fostering innovation and adoption in multiple industries.

4. Expanding Infrastructure and Construction Activities: The construction sector’s need for durable, lightweight, and corrosion-resistant materials is driving the demand for engineering plastics in pipes, panels, and insulation systems.

Challenges in the Market

Despite its promising growth, the engineering plastics market faces challenges such as volatile raw material prices and stringent environmental regulations. The reliance on petrochemical derivatives makes these materials vulnerable to fluctuations in crude oil prices. Additionally, the disposal and recycling of engineering plastics pose environmental concerns that industries are working to address.

Future Outlook

The engineering plastics market is poised for significant advancements, with R&D efforts focusing on developing bio-based alternatives and enhancing performance characteristics. Innovations in polymer blends and composites will further expand their application scope. Additionally, collaborations between manufacturers and end-users will pave the way for customized solutions tailored to specific industrial needs.

Key Player Analysis:

Ascend Performance Materials

Chevron Phillips Chemical Company LLC

Daicel Corporation

Eastman Chemical Company

Evonik Industries AG

Ginar Technology Co., Ltd.

Grand Pacific Petrochemical Corporation

Mitsubishi Engineering-Plastics Corporation

Ngai Hong Kong Company Ltd.

Nylon Corporation of America (NYCOA)

Piper Plastics Corp.

Polyplastics Co., Ltd.

Ravago

Teknor Apex

Trinseo LLC

Wittenburg Group

Segmentation:

By type,  

Acrylonitrile Butadiene Styrene

Polyamide

Polycarbonate

Thermoplastic Polyester

Polyacetal

Fluoropolymer

Others

By end-use industries,  

Automotive & Transportation

Consumer Appliances

Electrical & Electronics

Industrial & Machinery

Packaging

Others

Based on Region:

North America

U.S.

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

South-east Asia

Rest of Asia Pacific

Latin America

Brazil

Argentina

Rest of Latin America

Middle East & Africa

GCC Countries

South Africa

Rest of the Middle East and Africa

Browse the full report  https://www.credenceresearch.com/report/engineering-plastics-market

Contact:

Credence Research

Please contact us at +91 6232 49 3207

Email: sales@credenceresearch.com

Website: www.credenceresearch.com 

[favouritefab-blog]

Global Spunbond Nonwoven Market Size, Share & Forecast (2023-2030)

The global spunbond nonwoven market is experiencing significant growth, driven by rising demand across sectors such as healthcare, personal care, agriculture, and automotive. Spunbond nonwoven fabric, known for its durability, lightweight nature, and versatility, has become essential in industries requiring high-performance, disposable, and eco-friendly materials.

Market Overview and Growth Drivers

The market size of spunbond nonwovens was valued at a substantial figure in 2022 and is projected to grow steadily through 2030. The demand for hygiene products, such as diapers, sanitary napkins, and medical masks, continues to rise, especially in emerging economies, where population growth and increased awareness of hygiene play pivotal roles. Additionally, the increasing focus on sustainable materials has boosted the adoption of spunbond nonwovens made from biodegradable or recyclable fibers.

Key Market Segments

Healthcare and Medical Spunbond nonwovens are widely used in surgical gowns, face masks, and wound dressings due to their sterilizable, breathable, and cost-effective properties. This segment is expected to see significant growth due to ongoing healthcare demands and innovations in medical textiles.

Personal Care and Hygiene With the popularity of disposable hygiene products, spunbond nonwovens are essential in products like wipes, diapers, and sanitary pads. Increasing awareness about personal hygiene and the growth of e-commerce channels contribute to this segment's expansion.

Agriculture and Landscaping Spunbond nonwovens are ideal for crop protection and weed control, thanks to their UV-resistant and water-permeable properties. This segment is growing as farmers look for sustainable solutions that support crop yield while minimizing environmental impact.

Regional Outlook

Asia-Pacific currently leads the global market, driven by rapid industrialization, population growth, and a strong manufacturing base. North America and Europe are also significant players, with demand fueled by advances in medical and hygiene applications.

Forecast (2023-2030)

With a projected compound annual growth rate (CAGR), the spunbond nonwoven market is set to expand steadily through 2030. Technological advancements, increasing demand for sustainable solutions, and expanding applications across industries will continue to drive market growth.

In conclusion, the spunbond nonwoven market is poised for robust growth, offering opportunities for innovation and sustainable practices. Businesses in this sector should keep an eye on evolving trends to leverage the expanding market potential effectively.

[timesofinnovation]

As the global fashion industry grapples with its environmental impact, the ultra-fast-fashion retailer Shein has surged ahead in generating carbon emissions, surpassing all major competitors. The unprecedented scale of Shein's carbon footprint raises urgent questions about sustainability in the retail sector, especially as the company positions itself for further growth amid growing criticism. In its most recent sustainability report, Shein highlights its carbon emissions as a critical concern. Over the past three years, these planet-warming emissions have nearly tripled, a staggering increase that has outpaced even its rapid sales growth. In 2023, Shein's carbon emissions reached an astonishing 16.7 million tonnes of carbon dioxide equivalent. For perspective, this figure is comparable to the annual emissions of well-sized nations, prompting widespread scrutiny and calls for accountability. Shein vs. The Competition The sheer scale of Shein's emissions is significant when compared to other fashion giants. For the first time in 2023, Shein generated more emissions than Inditex, the parent company of Zara, which had previously held the title as the largest carbon emitter in the fashion industry. Shein's emissions were roughly double those of established competitors such as Nike, H&M Group, and LVMH. This rapid increase in impact raises alarm bells about sustainable practices within the fast fashion business model, which emphasizes quick production cycles and low prices. However, comparisons regarding emissions require caution. Each company measures and reports its carbon footprint differently, often resulting in inconsistencies that can complicate analysis. This disparity fosters debate about the true environmental impact of ultra-fast fashion, yet it does not diminish Shein's current role as a leader in emissions. Growing Scrutiny and Responsibility Despite the company's growth, its environmental impact has become a focal point for scrutiny, particularly as Shein plans for a public offering. CEO Sky Xu acknowledged the necessity of addressing emissions in the company's latest report, calling this challenge “particularly critical.” In response to mounting pressures, Shein has begun to implement measures aimed at improving sustainability. These efforts include supporting suppliers in enhancing manufacturing efficiency and reducing shipment-induced emissions by localizing production closer to consumer markets. Moreover, the company launched a €200 million ($222 million) initiative focused on promoting textile-to-textile recycling—a move indicative of its willingness to invest in sustainable practices. Yet the effectiveness of these measures remains to be seen. As Shein rapidly expands, the environmental benefits of its initiatives have been vastly overshadowed by its growth momentum. The journey towards substantial sustainability will require more than short-term efforts; it demands a fundamental reassessment of the ultra-fast fashion business model. Looking Toward a Sustainable Future Shein’s ambitious commitment to reducing emissions by 25% by 2030, validated through the Science Based Targets Initiative (SBTi), signals a recognition of its responsibilities. However, the challenge lies not just in setting targets but in transparently implementing the necessary changes to achieve them. It will be essential for the company to communicate its progress clearly, maintaining trust with consumers and stakeholders alike. As the fashion industry collectively grapples with its sustainability challenges, the actions of leading companies like Shein will be closely monitored. Stakeholders from consumers to investors increasingly demand accountability, pushing brands to prioritize environmental stewardship. With Shein's rapid growth juxtaposed against its massive carbon footprint, the pressure to evolve has never been greater. The narrative of fashion’s sustainability is far from complete, and Shein’s next steps could set important precedents for the sector.

The pathway to change may be arduous, but the repercussion of inaction could be catastrophic, not only for the industry but for the planet as a whole.

[marketanalysisdata]

Post-consumer Recycled Plastics Market – Industry Insights, Trends and Growth Opportunity Analysis to 2030

The global market for post-consumer recycled (PCR) plastics was valued at USD 10.66 billion in 2023 and is anticipated to grow at a compound annual growth rate (CAGR) of 10.7% from 2024 to 2030. This growth is driven by the increasing sustainability initiatives of food and beverage as well as packaging companies that are transitioning to recycled plastic materials. These sustainability efforts align with the circular economy principles, as more end-users across various sectors adopt PCR plastics to reduce waste and environmental impact. Rising demand in key industries such as packaging, textiles, automotive, and construction further supports this trend. Additionally, technological advancements in recycling processes have led to the production of highly efficient and innovative PCR plastics, making recycling solutions more accessible and impactful.

A notable example of this technological advancement occurred in October 2023, when Repsol S.A. and Signode Industrial Group LLC launched a high-performance strap made from polypropylene (PP) with 30% recycled content, intended for high-strength applications. The demand for PCR plastics as a replacement for traditional, virgin fossil-based plastics is robust across various end-use industries, including construction, packaging, electronics, textiles, and automotive. Countries such as China, India, the U.S., and Saudi Arabia are witnessing a surge in construction activity, spurred by redevelopment initiatives and government investments in affordable housing and healthcare infrastructure. This increase in construction projects is expected to drive the demand for PCR plastics in the building and construction sectors.

However, one of the primary challenges faced by the PCR plastics market is waste management and the need for advanced recycling technologies. Global plastic waste flows tend to move from high-income countries to low-income countries, raising environmental concerns and presenting both logistical and economic challenges. Efforts to enhance plastic recycling infrastructure and policies are essential to addressing these issues and promoting sustainable practices.

Gather more insights about the market drivers, restrains and growth of the Post-consumer Recycled Plastics Market

Type Segmentation Insights:

In 2023, the polyethylene (PE) segment held the largest market share by revenue, accounting for over 20%. Post-consumer recycled PE is derived from a variety of plastic products, including films, sheets, and pellets, and offers effective barrier properties that make it suitable for food and beverage packaging applications. Its protective properties are particularly valuable for maintaining the quality and safety of packaged goods.

Looking ahead, the polypropylene (PP) segment is expected to grow significantly. Post-consumer recycled PP is known for its excellent chemical and mechanical properties, making it suitable for multiple applications across industries such as packaging, automotive, and household goods. PP’s durability, flexibility, and thermal resistance make it an ideal choice for manufacturing household appliances. Furthermore, as consumer awareness of environmental issues and sustainable practices increases, demand for recycled PP and other sustainable materials in packaging and automotive applications is expected to rise. This growing awareness is pushing manufacturers and consumers alike toward sustainable, recycled plastic solutions, fostering innovation and growth in PCR plastic production.

Order a free sample PDF of the Post-consumer Recycled Plastics Market Intelligence Study, published by Grand View Research.

[latestmarketresearchnews]

Post-consumer Recycled Plastics Industry Revenue, Opportunity, Forecast Report 2030

The global market for post-consumer recycled (PCR) plastics was valued at approximately USD 10.66 billion in 2023, and it is projected to grow at a compound annual growth rate (CAGR) of 10.7% from 2024 to 2030. This market expansion is primarily driven by increasing sustainability initiatives from food & beverage and packaging companies, which are actively incorporating recycled plastic materials to reduce their environmental footprint. Additionally, the shift towards a circular economy where resources are reused and recycled rather than discarded is boosting the demand for PCR plastics across industries like packaging, textiles, and construction. Advanced recycling technologies that allow for high-quality recycled plastic production have further accelerated market growth.

For instance, in October 2023, Repsol S.A. collaborated with Signode Industrial Group LLC to launch a durable polypropylene (PP) strap containing 30% recycled content, designed for high-strength applications. Such innovations underscore the growing demand for PCR plastics across diverse sectors, including building & construction, packaging, electronics, textiles, and automotive, where PCR plastics are increasingly used as eco-friendly alternatives to conventional virgin plastics. The demand for PCR plastics is particularly high in construction activities within regions like China, India, the U.S., and Saudi Arabia, where various development projects, including residential and commercial buildings, affordable housing, and healthcare infrastructure, are on the rise.

Gather more insights about the market drivers, restrains and growth of the Post-consumer Recycled Plastics Market

One of the primary challenges for the PCR plastics market lies in managing waste and advancing plastic recycling technologies. High-income countries often export plastic waste to lower-income nations due to environmental and economic reasons, creating complex waste management issues. However, increasing governmental regulations targeting plastic waste reduction and disposal are positively impacting market growth. Many countries have banned single-use plastics, while others have introduced extended producer responsibility (EPR) programs, which require manufacturers to manage the end-of-life disposal of their products.

The stringent regulations governing the plastics industry encourage companies to invest in recycling technology advancements and quality control measures to ensure that the recycled materials meet safety and sustainability standards. By adhering to these regulatory frameworks, companies can not only reduce their environmental impact but also enhance customer trust and support sustainable innovation.

Source Segmentation Insights:

In terms of source material, the plastic bottles segment led the market in 2023, capturing a substantial revenue share. Plastic bottles are among the most common sources of PCR plastics, as they are widely used in packaging for beverages, cleaning products, cosmetics, and other goods. Due to the large volume of discarded plastic bottles, they serve as a readily available raw material for recycling processes. Additionally, heightened awareness about sustainability and the need to reduce plastic waste is expected to drive further growth in this segment.

Government regulations promoting plastic recycling worldwide also contribute to the adoption of plastic bottle recycling, thereby increasing PCR plastic production from this source. As a result, the demand for recycling plastic bottles is likely to remain strong.

The non-bottle rigid plastics segment is anticipated to grow at a CAGR of 10.4% during the forecast period. This category includes durable and non-durable plastic items such as pallets, crates, carts, 5-gallon buckets, electronic housings, dairy and deli containers, lids, yogurt cups, jars, and other similar food packaging. The diversity and wide use of non-bottle rigid plastics in various industries make them a valuable source for recycling, further supporting the growth of the PCR plastics market.

Order a free sample PDF of the Post-consumer Recycled Plastics Market Intelligence Study, published by Grand View Research.

[researchreportinsight]

Post-consumer Recycled Plastics Market 2030 Size, Share, Business Growth, Demand and Applications

The global market for post-consumer recycled (PCR) plastics was valued at approximately USD 10.66 billion in 2023, and it is projected to grow at a compound annual growth rate (CAGR) of 10.7% from 2024 to 2030. This market expansion is primarily driven by increasing sustainability initiatives from food & beverage and packaging companies, which are actively incorporating recycled plastic materials to reduce their environmental footprint. Additionally, the shift towards a circular economy where resources are reused and recycled rather than discarded is boosting the demand for PCR plastics across industries like packaging, textiles, and construction. Advanced recycling technologies that allow for high-quality recycled plastic production have further accelerated market growth.

For instance, in October 2023, Repsol S.A. collaborated with Signode Industrial Group LLC to launch a durable polypropylene (PP) strap containing 30% recycled content, designed for high-strength applications. Such innovations underscore the growing demand for PCR plastics across diverse sectors, including building & construction, packaging, electronics, textiles, and automotive, where PCR plastics are increasingly used as eco-friendly alternatives to conventional virgin plastics. The demand for PCR plastics is particularly high in construction activities within regions like China, India, the U.S., and Saudi Arabia, where various development projects, including residential and commercial buildings, affordable housing, and healthcare infrastructure, are on the rise.

Gather more insights about the market drivers, restrains and growth of the Post-consumer Recycled Plastics Market

One of the primary challenges for the PCR plastics market lies in managing waste and advancing plastic recycling technologies. High-income countries often export plastic waste to lower-income nations due to environmental and economic reasons, creating complex waste management issues. However, increasing governmental regulations targeting plastic waste reduction and disposal are positively impacting market growth. Many countries have banned single-use plastics, while others have introduced extended producer responsibility (EPR) programs, which require manufacturers to manage the end-of-life disposal of their products.

The stringent regulations governing the plastics industry encourage companies to invest in recycling technology advancements and quality control measures to ensure that the recycled materials meet safety and sustainability standards. By adhering to these regulatory frameworks, companies can not only reduce their environmental impact but also enhance customer trust and support sustainable innovation.

Source Segmentation Insights:

In terms of source material, the plastic bottles segment led the market in 2023, capturing a substantial revenue share. Plastic bottles are among the most common sources of PCR plastics, as they are widely used in packaging for beverages, cleaning products, cosmetics, and other goods. Due to the large volume of discarded plastic bottles, they serve as a readily available raw material for recycling processes. Additionally, heightened awareness about sustainability and the need to reduce plastic waste is expected to drive further growth in this segment.

Government regulations promoting plastic recycling worldwide also contribute to the adoption of plastic bottle recycling, thereby increasing PCR plastic production from this source. As a result, the demand for recycling plastic bottles is likely to remain strong.

The non-bottle rigid plastics segment is anticipated to grow at a CAGR of 10.4% during the forecast period. This category includes durable and non-durable plastic items such as pallets, crates, carts, 5-gallon buckets, electronic housings, dairy and deli containers, lids, yogurt cups, jars, and other similar food packaging. The diversity and wide use of non-bottle rigid plastics in various industries make them a valuable source for recycling, further supporting the growth of the PCR plastics market.

Order a free sample PDF of the Post-consumer Recycled Plastics Market Intelligence Study, published by Grand View Research.