US Post Consumer Recycled Plastic Market

Synopsis
The above chart is U.S. Post Consumer Recycled Plastic Market Outlook (2018 to 2032)

Market Dynamics

the u.s. post consumer recycled plastic market outlook for 2018 to 2032 is one that appears to be on a slight uptrend. over the last decade, legislation and initiatives concerning the use of post-consumer plastic have been on the rise, and the product is now widely accepted across the globe. in addition, the cost of collecting and reclaiming plastic has decreased significantly, leading to increased demand for these materials. as a result, post-consumer plastic is becoming increasingly popular among manufacturers and consumers.in the united states, legislation has been passed that requires companies to meet certain standards when it comes to the amount of recycled content in products they produce. this has created a demand for post-consumer recycled plastic, as it is seen as an alternative to more expensive, virgin materials. furthermore, the use of recycled plastic has become a preferred method for product creators in the food and beverage industry, as the material is considered to be safe and effective. this, coupled with an increase in public awareness of the environmental benefits of using recycled materials, has led to an increase in the demand for post-consumer recycled plastic in the u.s.in terms of market size, the u.s. post consumer recycled plastic market is estimated to be worth approximately $3.2 billion in 2018, with a 3.5% cagr expected to take us up to 2024 and a 5.2% cagr projected for the years 2024 to 2032. this positive outlook is attributed to increased government legislation concerning the use of recycled content in products, increased demand from commercial and consumer sectors, and improved cost-effectiveness (when compared to virgin materials). looking ahead, post-consumer recycled plastic is expected to remain in high demand as consumers and commercial organizations continue to go for more sustainable options in their product procurement. it is thus important for manufacturers and producers to continue committing to the collection and reuse of post-consumer plastic in order to maintain an uptrend in the demand for these materials.