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The post-consumer recycled plastics market size is forecast to increase by USD 5.50 billion at a CAGR of 5.89% between 2023 and 2028. The market is experiencing significant growth, driven by the increased demand for lightweight components in various industries. This trend is particularly prominent in sectors such as electronics, cosmetics, and personal care items, where the use of recycled plastics in packaging helps reduce carbon footprint and enhance sustainability. Additionally, the rise in awareness about using recycled plastics, fueled by social media campaigns, is further boosting market growth. However, the low recycling rate of plastics remains a major challenge, limiting the supply of raw materials for the recycling sector. In industries such as vehicles and construction, the use of recycled plastics for insulation and fixtures offers significant potential for market expansion. Online sales, a key driver in many industries, also contribute to the growth of the market, as consumers increasingly seek eco-friendly alternatives.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Material
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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