According to a new market research report published by Global Insight Services “Recycled Plastics Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
The recycling of plastics is a process that involves the collection and sorting of plastic waste, the cleaning and processing of the plastics, and the manufacturing of new products from the recycled plastics.
The most common type of recycled plastic is polyethylene terephthalate (PET), which is used to make bottles, containers, and packaging materials. The second most common type of recycled plastic is high-density polyethylene (HDPE), which is used to make milk bottles, detergent bottles, and shampoo bottles. The third most common type of recycled plastic is low-density polyethylene (LDPE), which is used to make plastic bags, food packaging, and plastic wraps.
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Key Players
- Clean Harbors Inc.
- Covetsro AG
- Remondis SE
- KG
- Biffa
- Stericycle
Key Trends
The key trends in the recycled plastics industry are:
- Increasing demand for recycled plastics from the packaging industry
- Growing demand for recycled plastics from the construction industry
- Increasing government support for recycling initiatives
- Technological advancements in recycling processes
Key Drivers
- Increasing confidence among plastic users and processors in the quality of recycled plastics
- Increasing awareness about the benefits of recycling plastic waste
- Improving technology for recycling plastic waste
- Increasing government regulations and policies favoring the use of recycled plastics
- Increasing investments by major companies in the recycled plastics market
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Market Segments
By Product
- Polyethylene (PE)
- Polyethylene Terephthalate (PET)
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
- Polystyrene (PS)
- Others
By Source
- Plastic Bottles
- Plastic Films
- Polymer Foam
- Others
By Application
- Building & Construction
- Packaging
- Electrical & Electronics
- Textiles
- Automotive
- Others
Reasons to buy Recycled Plastics Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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About Global Insight Services:
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