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Post-Consumer Recycled Plastics Market worth $106.97 billion by 2029 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Oct. 29, 2024 /PRNewswire/ — The report “Post-Consumer Recycled Plastics Market by Source (Bottles, Non-bottle Rigid), Polymer Type, Processing Type (Mechanical, Chemical, Biological), End-use (Packaging, Building & Construction, Automotive, Electronics), and Region – Global Forecast to 2029″. The post-consumer recycled plastics market size is projected to grow from USD 71.44 billion in 2024 to USD 106.97 billion by 2029, at a CAGR of 8.4%.

The demand of post-consumer recycled plastics is being driven by various factors. The increased awareness of the environmental issues and the need to reduce plastic wastage have led to an increased focus on recycling activities and usage of eco-friendly material. The governments around the globe are backing this trend by implementing stringent regulations aimed at reducing plastic pollution, thus forcing industries to use recycled plastics in their products. At the same time, corporations are also establishing new sustainability targets, which have led to improvement of the utilization of post-consumer recycled content in their products. Consumers are also playing a crucial role to meet this demand as their preference for eco-friendly and sustainable products is pushing manufacturers to adopt more recycled plastics. Also, recycling technologies have advanced and the quality, and the availability of the recycled plastics have increased, and this has made the recycled plastics to be attractive to many industries. These innovations have enabled organisations to incorporate recycled material in their products without necessarily having to reduce the quality of the products, which has helped to boost the use of post-consumer recycled plastics.

Browse in-depth TOC on “Post-Consumer Recycled Plastics Market”

150 – Tables
60 – Figures
290 – Pages 

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=222347130

By Source, Bottles to be the fastest-growing source during the forecast period. 

Bottles are among the most common source of recycled plastics, owing to their high usage and visibility in plastic waste streams. Bottled beverages and household items produce a significant number of wasted plastic bottles, making them easily recyclable. Furthermore, the plastic bottles shape and composition are uniform, making recycling easier because they can be simply separated and processed. This homogeneity promotes the development of post-consumer recycle plastics that may be fed back into the manufacturing process, hence reducing the need of virgin plastic resources. Bottle recycling has the following benefits: first, it prevents plastic trash from ending up in landfills, and second, it promotes environmental sustainability and resource conservation. Finally, bottles have an essential role in the circular economy, with a significant influence on the percentages that attempt to reduce the impact of plastic trash. 

The High-density Polyethylene (HDPE) polymer type is expected to be the 3rd largest market in post-consumer recycled plastics market during forecast period. 

High-Density Polyethylene (HDPE) is one of the most often recycled forms of plastic, owing to its favorable characteristics and effective recycling mechanisms in place. Its strength and endurance make it ideal for mechanical recycling, which involves sorting, cleaning, and reprocessing. HDPE can be recycled into new products with little degradation of quality, maintaining much of its original strength and usability. Its adaptability allows it to be employed in a variety of applications, including packaging and containers, as well as consumer items. This extensive usage of HDPE generates a significant amount of post-consumer waste, assuring a steady supply of materials for recycling operations. Furthermore, the increasing need for HDPE across various industries makes its recycling not only good to the environment but also commercially viable, strengthening its continuous relevance in the circular economy. 

The chemical recycling process is expected to experience significant growth during the forecast period. 

The post-consumer recycled plastics market has seen a shift towards chemical processing as it can deal with more complicated and contaminated plastic waste streams. Chemical recycling provides a much more flexible alternative to mechanical recycling which has a hard time with sorting and processing mixed/contaminated plastics. Through advanced processes like chemolysis or pyrolysis, these technologies can break down plastics into their fundamental molecular components, regardless of their initial complexity or contamination. Chemical recycling gets around many of the limitations mechanical recycling has, such as the sorting that is required and the compatibility with other plastics, and therefore more waste could be recycled. So chemically recycled plastics are of great quality and can be used for many things, which will open the door to some new, green breakthroughs in that area. 

By End-use Application, Packaging accounts for the fastest-growing application during the forecast period. 

Recycled plastics primarily serve a crucial application in packaging because of the packaging industry’s significant influence on tackling sustainability issues. The demand of post-consumer recycled plastics is high within this sector as it correlates with the growing focus on minimizing plastic waste and promoting environmental accountability. By utilizing recycled plastics, packaging manufacturers can satisfy consumer demands for eco-friendly products and play a prominent role in circular economy efforts. The adaptability of recycled plastics enables them to substitute virgin plastics in numerous packaging formats, including bottles, containers and films. This offers a practical solution to mitigate the environmental repercussions of packaging waste, although it also fosters a more sustainable industry landscape. However, challenges remain, which require continued innovation and commitment. 

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Asia-Pacific is the largest market during the forecast period. 

Asia-Pacific has emerged as the largest market for post-consumer recycled plastics because of its rapid urbanization and large population pool. The region’s rapid urbanization leads to increasing plastic usage, which results in enormous plastic trash creation. As cities grow, so does the demand for sustainable waste management solutions, making post-consumer recycled plastics critical to addressing environmental issues. Furthermore, the large population increases demand for consumer products and packaging, making recycled plastics an appealing option for meeting environmentally conscious consumer preferences and regulatory needs. These factors combined to position the Asia-Pacific market as a significant participant in the acceptance and integration of post-consumer recycled plastics, resulting in more ecologically responsible and resource-efficient societies. 

The report profiles key players such as Veolia (France), Suez SA (France), WM Intellectual Property Holdings, L.L.C. (US), Republic Services (US), Waste Connections, Inc. (Canada), Biffa (UK), Clean Harbors, Inc. (US), Stericycle, Inc. (US), Remondis SE & Co. KG (Germany), and DS Smith plc (UK). 

Browse Adjacent Market: Packaging Market Research Reports & Consulting 

Related Reports: 

Recycled Plastics Market– Global Forecast to 2030 

Recycled PET Market – Global Forecast to 2028

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. 

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. 

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. 

To find out more, visit www.MarketsandMarkets™.com or follow us on TwitterLinkedIn and Facebook.

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MarketsandMarkets™ INC.
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Siyata Mobile Products Deployed by EMS Organization in Papua New Guinea

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VANCOUVER, BC, Nov. 13, 2024 /CNW/ — Siyata Mobile Inc. (Nasdaq: SYTA) (“Siyata” or the “Company”), a global vendor of Push-to-Talk over Cellular (“PoC”) devices and cellular signal booster systems, today discussed the deployment of its SD7 handsets and VK7 vehicle kits by The National St John Ambulance Service (NStJA), a trusted life-saving service in Papua New Guinea, the most populous Pacific island country.

Marc Seelenfreund, CEO of Siyata, commented, “By upgrading from standard smartphones to our ruggedized SD7 handsets and VK7 vehicle kits, NStJA is experiencing the many benefits of our solution. Our devices stand up to the demanding environments faced by first responders and medical personnel. Integrated with the Zello Push-to-Talk app, our solution for this customer is providing secure and reliable communication that far exceeds the performance of standard smartphones. Our global deployments continue to increase, and we are pleased that our reach now extends to Papua New Guinea, and we are also encouraged by the number of new customers who are selecting Zello as their preferred PTT application.” 

Mark Cannon, Chief Executive for NStJA, commented, “We provide mission-critical evacuation and medical services to residents and visitors of our country. It is absolutely critical that we have a communications solution that is reliable and effective. Since upgrading from standard smartphones and a traditional UHF radio system, our team is finding the Siyata devices to be simpler to use with a PTT button, provide loud and clear audio and have a better battery life. We are quite pleased with Siyata’s solution.”

About Siyata Mobile

Siyata Mobile Inc. is a B2B global developer and vendor of next-generation Push-To-Talk over Cellular handsets and accessories. Its portfolio of rugged PTT handsets and accessories enables first responders and enterprise workers to instantly communicate over a nationwide cellular network of choice, to increase situational awareness and save lives. Police, fire, and ambulance organizations as well as schools, utilities, security companies, hospitals, waste management companies, resorts and many other organizations use Siyata PTT handsets and accessories today.

In support of our Push-to-Talk handsets and accessories, Siyata also offers enterprise-grade In-Vehicle solutions and Cellular Booster systems enabling our customers to communicate effectively when they are in their vehicles, and even in areas where the cellular signal is weak.

Siyata sells its portfolio through leading North American cellular carriers, and through international cellular carriers and distributors.

Siyata’s common shares trade on the Nasdaq under the symbol “SYTA”, and its warrants trade under the symbol “SYTAW”.

Visit www.siyata.net and unidencellular.com to learn more.

Forward Looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Because such statements deal with future events and are based on Siyata’s current expectations, they are subject to various risks and uncertainties and actual results, performance, or achievements of Siyata could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Siyata’s filings with the Securities and Exchange Commission (“SEC”), and in any subsequent filings with the SEC. Except as otherwise required by law, Siyata undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites and social media have been provided as a convenience, and the information contained on such websites or social media is not incorporated by reference into this press release.

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SOURCE Siyata Mobile Inc.

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Forsea Achieves Record-Breaking Cell Density for Its Cultivated Seafood

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Forsea’s technology sets new industry standard, paving the way for affordable cultivated seafood production.

REHOVOT, Israel, Nov. 13, 2024 /PRNewswire/ — Cell-cultivated seafood innovator Forsea struck a major breakthrough in making freshwater eel farming a viable commercial reality. The start-up announced its organoid technology reached a record-breaking cell density of more than 300 million cells/ml, and with minimal and precise use of cultured media ingredients.

This is the highest cell density recorded in the field, moving Forsea to the forefront of cultured seafood production efficiency. The landmark technology allows for a scalable and highly cost-effective supply for the hugely popular traditional Japanese delicacy, eel (unagi) whose availability has been significantly hampered by overfishing and the destruction of aquatic ecosystems.

Eel is Big in Japan

Forsea is currently focusing on manufacturing cultured freshwater eel due to the immense market potential, particularly in Japan. As the world’s largest consumer of eel, Japan recorded sales of 140,000 tons in 2023—50% of total global sales. The traditional Japanese dish unagi (eel) is considered a premium delicacy, prized not only for its rich flavor and tender texture but also because of its rarity. Freshwater eel is endangered and cannot be commercially bred in captivity. Demand for eel far surpasses the industry’s current supply capabilities, translating to skyrocketing prices.

Better, faster, and economical

Setting a new standard for “blue ocean” initiatives, Forsea created a new approach to cell cultivating fish tissues outside of their native water habitats via organoid technology. Forsea’s patent-protected platform involves creating the ideal environment for animal cells to spontaneously assemble into three-dimensional tissue structures with their natural composition of fat, muscle and connective tissue.

This method not only echoes the natural growth process of these tissues in a living animal, giving it a closer-to-nature edge, it bypasses the scaffolding stage and is dramatically less dependent on expensive growth factors. This makes the process highly affordable and positions its cell-grown version to price parity (or potentially lower)  with traditional aquafarmed eel, a key challenge the cell-based industry was desperate to overcome.

Ample affordable cultivated eel not oceans away

“The breakthrough to this level of cell density highlights the strength of our organoid technology,” exclaims Moria Shimoni, CTO of Forsea. “It’s a validation of our approach to high-efficiency cultivation of seafood to meet both economic and sustainability goals at scale”.

After completing its proof-of-concept continuous harvesting process, Forsea reports it is ready to take production of its cultured fish products to the next phase of commercial scale-up.

“Forsea’s organoid technology requires less capital expenditure than other technologies,” explains Roee Nir, Founder and CEO of Forsea. “Achieving this level of cell density with minimal resources will translate to substantial reductions in the unit of economics and will bring cultured seafood production to a cost that is actually below the traditional market price. This is major milestone for Forsea and validates our vision of making sustainable, high-quality seafood affordable and widely accessible. It also sets a powerful precedent for scaling other cultured seafood products and establishing sustainable alternative supply chains for ecologically sensitive species.”

Forsea’s cell-cultured eel is expected to ease the strain on the world’s eel populations and reduce environmental impact of traditional eel farming. This encompasses reducing global warming potential, water consumption, and land use and alleviated pressure on marine ecosystems by focusing on endangered species.

“Our recent industry survey shows that cultivated meat production is definitely not a one-size-fits-all approach,” says Elliot Swartz, Principal Scientist Cultivated Meat, GFI. “It’s encouraging to see positive data from companies showing how different methods can address challenges in cost and scale. I’m especially pleased to see a GFI research grantee, Dr. Iftach Nachman, help a startup pioneer new ways of cultivating meat. This is a great example of how foundational open-access science enables and makes possible follow-on work by the private sector.”   

The company is preparing for commercial launch of its unagi product in 2026. Earlier this year, Forsea held a successful tasing event at the reputable ‘a’ restaurant in Tel Aviv, where it served the world’s first cultivated unagi kabayaki—grilled fresh eel on a bed of aromatic rice—receiving rave reviews. Among the tasters where representatives from the Japanese embassy and various Japanese food companies based in Israel.

About Forsea
Forsea was founded by biotech engineer Roee Nir, MBA; Moria Shimoni, PhD; Iftach Nachman, PhD; and Yaniv Elkouby, PhD with support from the Israeli Innovation Authority (IIA) and The Kitchen Hub. It has garnered seed backing from Target Global, PeakBridge VC, Future Food Fund, Zora Ventures, FoodHack, and M&H Ventures. Forsea’s organoid approach to cultivating fish tissue involves creating an ideal environment for fish cells to spontaneously form their natural composition of native fat and muscle. They grow as a three-dimensional tissue structure, just as in nature.

For more information, contact:

Company Contact

Forsea Foods Ltd.

Roee Nir, CEO and Co-Founder

Email: info@forseafoods.com

Web:   www.forseafoods.com 

Press Contact

NutriPR

Liat Simha

Tel: +972-9-9742893

E-mail: liat@nutripr.com

Web: www.nutripr.com

 

Photo: https://mma.prnewswire.com/media/2555423/Forsea_Foods.jpg

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SOURCE Forsea Foods

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EP3® Technology Powers $560 Million in U.S. Election Contracts: The Invisible Engine Behind ForecastEx’s Fast-Growing Predictions Market

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AUSTIN, Texas, Nov. 13, 2024 /PRNewswire/ — ForecastEx, a wholly-owned subsidiary of Interactive Brokers (IBKR) and a US-regulated predictions exchange and clearinghouse, processed an impressive $560 million+ in election contracts for the 2024 U.S. general election. The innovative technology driving those contracts? Connamara Technologies’ EP3 ® matching engine and exchange platform.

The election showed EP3’s resilience and commitment to seamless, high-volume processing for predictive events.

In the days leading up to – and during – election night, EP3 operated like the gears of a fine timepiece: inconspicuous, vital, and unfaltering. This synchronicity of unyielding performance weathered waves of volatility and seamlessly processed trades at a record volume.

Working in concert with ForecastEx’s internal teams, Connamara Technologies’ engineers monitored systems around the clock, ready to respond to surges in trade volume with precision and expertise. The team’s commitment went beyond standard duty, ensuring unparalleled service during this first-in-a-lifetime historic trading event.

With EP3 powering its trading, ForecastEx has not only established a benchmark for transparency in elections but has also offered the public real-time, market-based insights into election sentiment. EP3 operates from a legacy of trading knowledge that dates back to the late 1980s.

“While you may not recognize the name EP3 just yet, you’ll certainly recognize our impact. Whether you placed a trade or watched from afar, the 2024 election proved our technology’s resilience and our team’s commitment to deliver seamless, high-volume processing at every turn for future predictive events,” said Jim Downs, Co-Founder and CEO of Connamara Technologies.

As predictions markets continue to grow, the unseen elements – the EP3 technology and the engineers who support it – will remain crucial to providing reliable, transparent platforms that allow for public sentiment to be expressed and analyzed in real-time. Moving forward, Connamara Technologies aims to expand EP3’s reach, enabling new exchanges and markets to take advantage of this dependable backbone technology.

About Connamara Technologies

Connamara Technologies is the leading provider of fully-integrated exchange infrastructure, empowering new and existing exchanges to operate with exceptional efficiency and reliability. Its EP3 platform is a new breed of exchange and clearing technology that seamlessly integrates all key functions into a single, robust platform. It is cost-accessible, adaptable, scalable and quick-to-market. Engineered for the evolving needs of the next generation of exchanges and marketplaces, EP3 is shaping the future of financial markets.

For more, visit www.connamara.tech or LinkedIn.

Media Contact:

Claire Downs
marketing@connamara.tech

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SOURCE Connamara Technologies

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