Sep 15, 2021   SOURCE: BusinessWire

Worldwide Post-consumer Recycled Plastics in Consumer Electronics Industry to 2028 - Featuring BASF, Covestro and MBA Polymers Among Others - ResearchAndMarkets.com

The "Global Post-consumer Recycled Plastics In Consumer Electronics Market Size, Share & Trends Analysis Report by Source (Non-bottle Rigid, Bottles) by Product (PC, PC/ABS, PET, PS, PP, ABS), by Application, by Region, and Segment Forecasts, 2021-2028" report has been added to ResearchAndMarkets.com's offering.

The global post-consumer recycled plastics in consumer electronics market size is expected to reach USD 21.6 million by 2028. The market is expected to expand at a CAGR of 8.6% from 2021 to 2028.

Companies Mentioned

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

Increasing adoption of the post-consumer recycled plastic resin in consumer electronics production is projected to fuel the market growth during the forecast period. Growing e-waste has become a global concern, which many countries have started addressing. Many companies have started implementing post-consumer recycled plastics in their electronic products and included them in their sustainability goals.

The COVID-19 pandemic has made electronic products an intrinsic part of consumer's lifestyles. In addition, a rising number of environmental conservation awareness programs are being carried out, keeping both the consumers and electronic device manufacturers well-informed about the growing e-waste. Many end-use companies have already started using post-consumer recycled plastics in their products. This helps them to not only control the raw material cost but also position themselves environmentally friendly in comparison to their counterparts. For instance, Lenovo Group Limited uses recycled plastics in the manufacture of its notebooks, desktops, workstations, monitors, and accessories.

Lenovo began using 30% post-consumer recycled content (PCC) plastic derived from scrap PET bottles to produce ThinkVision L193P monitors in 2007. The company's timeline shows that by 2010, over 10% of the plastics sourced from its supplier contained recycled plastic content. In 2017, Lenovo collaborated with a PCC supplier to use closed-loop PCC materials in its products and packaging materials. Since then, Lenovo has expanded the use of closed-loop post-consumer recycled plastics from 21 products in 2018 to 66 products in 2019. This has seen a 214% increase in recycled plastic usage in its product portfolio.

Post-consumer Recycled Plastics In Consumer Electronics Market Report Highlights

  • In terms of revenue, the polycarbonate segment accounted for a prominent share in the market in 2020 and is further expected to witness prominent growth over the forecast period
  • The laptop monitor enclosures application segment dominated the market and accounted for more than 25.0% of the revenue share in 2020
  • As of 2020, the Asia Pacific accounted for more than 64.0% revenue share in the overall market. The presence of a well-established manufacturing base for consumer electronics in Taiwan, Japan, China, and South Korea among other countries is anticipated to provide further impetus to the regional market growth

Key Topics Covered:

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Market Variables, Trends, and Scope

3.1 Market Lineage Outlook

3.1.1 Global recycled Plastics Market Outlook

3.2 Penetration Growth Prospect Mapping

3.3 Industry Value Chain Analysis

3.4 Technology Overview

3.4.1 Mechanical Recycling

3.4.2 Chemical Recycling

3.5 Price Trend Analysis, 2017-2028 (USD/Tons)

3.5.1 Quarterly AVERAGE SELLING Price Trend Analysis, by Product, 2020-2021 (USD/Tons)

3.6 Regulatory Framework

3.6.1 Standard & compliances

3.6.2 Product Classification Codes:

3.7 Market Driver Analysis

3.7.1 Rising demand for e-waste in consumer electronics production

3.7.2 Increasing adoption of post-consumer recycled plastic resin in consumer electronics production

3.8 Market Restraint Analysis

3.8.1 Countries have imposed restrictions on importing plastic waste

3.9 Industrial Challenge analysis

3.10 Business Environment Analysis: Post-Consumer Recycled Plastics in Consumer Electronics Market

Chapter 4 Post-Consumer Recycled Plastics in Consumer Electronics Market: Source Estimates & Trend Analysis

Chapter 5 Post-Consumer Recycled Plastics in Consumer Electronics Market: Product Estimates & Trend Analysis

Chapter 6 Post-Consumer Recycled Plastics in Consumer Electronics Market: Application Estimates & Trend Analysis

Chapter 7 Plastics Market in Consumer Electronics Market: Regional Estimates & Trend Analysis

Chapter 8 Competitive Analysis

8.1 Key global players, recent developments carried out by them, and their impact on the industry

8.2 Company/competition categorization (key innovators, market leaders, and emerging players)

8.3 Vendor Landscape

8.3.1 List of key distributors and channel partners

8.3.2 List of Potential End-Users

8.4 Post-Consumer Recycled Plastics in Consumer Electronics Market, Ranking by Manufacturers (2020)

8.5 Public Companies

8.5.1 Competitive Dashboard Analysis

Chapter 9 Company Profiles

For more information about this report visit https://www.researchandmarkets.com/r/4h6stf