Post-consumer Recycled Plastics In Consumer Electronics Market Demand, and Business Prospects 2028

Post-consumer Recycled Plastics In Consumer Electronics Industry Overview

The post-consumer recycled plastics in consumer electronics market size was valued at USD 11.4 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8.6% from 2021 to 2028.

Factors, such as the rising demand for e-waste in consumer electronics products, growing urbanization, increasing disposable income, and rapid industrialization across the world have propelled the demand for electronic equipment. Plastics, due to their durability, toughness, transparency, high heat and chemical resistance, and lightweight, have gained traction in electronic equipment such as laptops, smartphones, and other wearable electronic devices.

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

U.S. post-consumer recycled plastics in consumer electronics market size, by product, 2018 - 2028 (USD Thousand)

To cater to the rising demand for electronics from the growing population, end-use electronic industries are simultaneously upgrading smartphones, computers, laptops, smartwatches, and other consumer electronic devices. The COVID-19 pandemic propelled the demand for consumer electronic products, mainly laptops and mobile phones, due to the implementation of work-from-home policies across various countries. The life expectancy of plastics in consumer electronics is high, which has resulted in rising e-waste across the globe. The growing e-waste is a major problem due to the lack of waste management systems.

The environmental concerns arising from discarded electronic equipment and rising e-waste are being controlled by various countries. According to Plastics Europe, in 2020, European countries including Switzerland, Austria, the Netherlands, Germany, and Norway implemented landfill restrictions on recyclable waste. Switzerland, Austria, and the Netherlands have attained their targets of zero landfill. Plastic recycling has helped in controlling environmental issues, such as the addition of toxic substances into the soil microplastics entrapment in aquatic species, emission of greenhouse gases, and others, arising from plastic manufacturing to plastic dumping in landfills and oceans.

Moreover, the raw material for producing recycled plastic resins is economical compared to virgin plastics. Many plastic resin manufacturers have started producing post-consumer recycled plastic resins blended with virgin plastics. Applications, where the recycled plastic resins will be used, include consumer electronics and accessories such as chargers & adapters, printers, copiers, and laptop housing. The ready availability and the increase in the plastic waste can prove to be a driving factor for the post-consumer recycled plastics market over the forecast period. Moreover, the use of e-waste can reduce the number of landfills across the globe.

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

  • Polycarbonate Market - The global polycarbonate market size was valued at USD 21.8 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.6% from 2022 to 2030.
  • Plastic Market - The global plastic market size was valued at USD 593.00 billion in 2021. It is expected to expand at a compound annual growth rate (CAGR) of 3.7% from 2022 to 2030.

Market Share Insights

  • April 2021: SABIC launched a new LNP THERMOCOMP compound, which is developed with over 50% post-consumer recycled (PCR) resins to ensure a significant reduction in carbon footprint. 
  • November 2020: SABIC announced the expansion of its existing portfolio of polycarbonate resin, Cyloloy PC/ABS, and Lexan PC resin containing high levels of post-consumer recycled (PCR) plastic.

Key Companies profiled:

Some prominent players in the global post-consumer recycled plastics in consumer electronics market include

  • BASF SE
  • SABIC
  • Covestro AG
  • Trinseo S.A.
  • MBA Polymers Inc.
  • INEOS Styrolution Group GmbH
  • LAVERGNE, Inc.
  • PolyVisions

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

Comments

Post a Comment

Popular posts from this blog

India Electric Vehicle Market Competitive Landscape Report to 2028

Image
India Electric Vehicle Industry Overview The India electric vehicle market size was valued at USD 220.1 million in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 94.4% from 2021 to 2030. The attractive incentives being offered by the Indian government on the production and purchase of electric vehicles to encourage the adoption of electric vehicles are anticipated to drive the growth of the market over the forecast period. The outbreak of the COVID-19 pandemic triggered a significant decline in the overall sales of passenger and commercial vehicles in 2020. However, the sales of electric vehicles in India remained unaffected. The post-lockdown sale of pure and hybrid electric vehicles is a prominent driving factor for the electric vehicle market in India. The stringent GreenHouse gas (GHG) emission norms drafted by the government, such as the Bharat Stage (BS) VI emission standards introduced by India’s Ministry of Road Transport and Highways (MoRTH), are a
Read more

Cyber Security Market 2030 - Advanced Solutions for Modern Businesses

Image
Data breaches, malware, and hacking attempts are all too common, forcing businesses and individuals to prioritize cybersecurity market  trends. The internet has become an essential part of our lives, and with it comes the ever-present threat of cyberattacks. Within the struggles of integrity, privacy, and trust, the domain of cybersecurity thrives with firewalls, encryption keys, and neural networks that safeguard our interconnected existence. The Market Landscape This blog explains the core of the cybersecurity market, examining its growth, challenges, and the valiant defenders who shield the virtual world. Numbers Beyond 0 & 1: The global cyber security market is no mere niche; it’s a thriving ecosystem fueled by relentless innovation and escalating threats. According to recent reports, here are the key figures: In 2023, the market was estimated at a staggering  USD 222.66 billion , growing at a projected compound annual growth rate of 12.3% from 2024 to 2030. By 2030, th
Read more

LiDAR Market Historical Data & Forecasts 2030

Image
LiDAR Industry Overview The global LiDAR market size was valued at USD 1.81 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 9.8% from 2022 to 2030. The technological advancements in spatial resolution of LiDAR-based digital terrain models are providing better accuracy in applications such as change detection on hillsides, water runoff for agriculture or mining sites, and inland waterways. The growth of the market is attributed to the rising automation in LiDAR to reduce human efforts and increase efficiency. Gather more insights about the market drivers, restrains and growth of the Global LiDAR Market   The rising demand for 3D imagery in application areas such as military & defense, topographical surveys, civil engineering, and corridor mapping is expected to drive the market growth over the forecast period. Textured 3D imagery is applied in applications such as 3D mapping, city planning, and corridor mapping. The installation of advanced
Read more