Various material type segments performance in the global post consumer recycled plastics market.

The global post consumer recycled plastics market is expected to grow at a CAGR of 8.90% during the forecast period. Based on material type, the global post consumer recycled plastics market has been segmented into polyethylene terephthalate (PET), high-density polyethylene (HDPE), polypropylene (PP), and others.

Consumers often discard the empty PET packaging after use, which becomes PET waste. This is referred to as post consumer PET in the recycling industry. Many waste collection agencies and local governments have started collecting PET waste and separating it from other household wastes. The cost of other plastic material is high. The sorted post consumer PET waste products are crushed, pressed into bales, and sold to recycling companies.

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The PET products are shredded into small fragments by recycling companies. These residues of shredded paper labels and plastic caps are then removed by plastic granulation, subsequently ending in pure PET fragments. These fragments are used as a raw material to produce a range of products that would otherwise be made of polyester. Numerous recyclable PET products are the major contributors to the growth of the global post consumer recycled plastics market during the forecast period.