Post-consumer Recycled Plastics Market

Veolia Environnement (France) and SUEZ (France) are Leading Players in the Post-consumer Recycled Plastics Market

The post-consumer recycled plastics market size is projected to grow from USD 7.7 billion in 2019 to USD 10.2 billion by 2024, recording a CAGR of 5.7% during the forecast period. The increase in awareness regarding sustainable & green packaging practices is projected to drive the demand of the post-consumer recycled plastics across the globe during the forecast period.

Veolia (France), SUEZ (France), Waste Management Inc. (US), Republic Services (US), and Stericycle (US), Clean Harbors (US), Waste Connections, Inc. (US), Biffa (UK), DS Smith (UK), and Remondis SE & Co. KG (Germany) are the key players operating in the post-consumer recycled plastics market. These players have adopted numerous growth strategies such as acquisitions, expansions, partnerships, contracts, joint ventures, new product & service developments, and technological advancements to increase their market shares and enhance their service portfolios.

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The strategies of acquisitions together accounted for the largest share of all strategic developments that took place in the post-consumer recycled plastics market between January 2017 and July 2019. Companies such as Veolia Environnement (France), Waste Management, Inc. (US), Republic Services (US), Waste Connections, Inc. (US), and Biffa (UK) are the key players operating in the market that adopted these strategies to strengthen their business portfolios and market presence in the post-consumer recycled plastics market.

Veolia Environnement (France) holds a strong market position throughout the diverse end-markets that it caters to. It has built a strong market image through its efficient operations for more than a century. Strategic partnerships, expansions, and agreements have enabled the company to reach out to fast-growing markets where the concern for environmental services is of paramount interest. Industrial and service sector companies are placing contracts or are partnering with Veolia to offer tailor-made services to suit different industries. Veolia is engaged in public-private and private-private partnerships to deliver comprehensive solutions to grave environmental & economic issues.

SUEZ (France) a leading and innovative group, has implemented a balanced and profitable growth strategy. The company has a strong presence across the globe and especially in Europe, for its Recycling & recovering segment. Its focus on growth strategies, such as expansions, contracts, new service developments, new product developments, joint ventures, and partnerships, will aid in its growth in the emerging and developed markets. For instance, SUEZ planned to build a recycling plant in Thailand, which would convert plastic waste into circular polymers. This plant is in line with Thailand’s ambitious target for achieving 100% plastic recycling by 2030. This expansion is expected to increase the company’s presence in Southeast Asia and also its expertise in plastic recycling. SUEZ, a leading and innovative group, has implemented a balanced and profitable growth strategy. The company has a strong presence across the globe and especially in Europe, for its Recycling & recovering segment.

Related Reports:

Post-consumer Recycled Plastics Market by Service (Collection & Transportation, Recycling, Landfills, Incineration) Polymer Type (PP, LDPE, HDPE, PVC, PUR, PET, PS), Processing Type, End-use Application, and Region - Global Forecast to 2024

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Report Code
CH 7428
RI Published ON
11/7/2019
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