The global certified circular plastics market size is expected to reach USD 3.93 Billion in 2030 and register a steady revenue CAGR of 12.3% over the forecast period, according to latest analysis by Emergen Research. Steady certified circular plastics market revenue growth can be attributed to rapid rise in demand for eco-friendly and sustainable plastics and packaging materials. Plastics output around the globe has reached 311 million metric tons, and it is expected to grow at a rate of roughly 4% per year over the foreseeable future. While plastics provide numerous benefits in terms of packaging and usage etc., concerns continue to increase regarding the potential harm that chemical components of plastics can cause to human health and the environment. A circular economy reduces waste, maximizes value, and makes effective use of plastic. This will also help to safeguard the environment, minimize marine litter, greenhouse gas emissions, and human reliance on fossil fuels in the process.
The study performs a historical assessment of the Certified Circular Plastics from 2019 to 2020, focusing on the market trends, revenue share, growth rate, production capacity, pricing structure, and other vital aspects during that period. The report emphasizes the demands and ongoing trends of the global Certified Circular Plastics market, more importantly, across the major regions of the market. Additionally, our analysts have included SWOT analysis and Porter’s Five Forces analysis in the report to offer a better understanding of the competitive spectrum of this ever-evolving industry. Moreover, the report sheds light on the cutting-edge expansion strategies adopted by the market contenders, such as mergers & acquisitions, joint ventures, partnerships & collaborations, new product launches, and brand promotions.
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The global Certified Circular Plastics market consists of various segments, including product type outlook, application spectrum, end-user overview, leading regions, and the competitive analysis. The report further provides information regarding the value chain, emerging market sectors, and the technological advancements in the industry to benefit readers and businesses looking to invest in this industry.
Key Market Competitors Profiled in the Report:
BASF SE, SABIC, INEOS Styrolution Group GmbH Mainzer Landstraße, The Dow Chemical Company, Exxon Mobil Corporation, Eastman Chemical Company, Lyondell Basell Industries Holdings B.V., Loop Industries, Inc., Chevron Phillips Chemical Company LLC., and IBM Corporation.
Major Geographies Covered in the Report:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Emergen Research has segmented the global certified circular plastics market on the basis of type, application, end-use, and region:
- Type Outlook (Revenue, USD Million; 2019–2030)
- Polyethylene Terephthalate
- High-Density Polyethylene
- Polyvinyl Chloride
- Low-Density Polyethylene
- Polypropylene
- Polystyrene
- Others
- Application Outlook (Revenue, USD Million; 2019–2030)
- Packaging
- Grocery Bags
- Others
- End-Use Outlook (Revenue, USD Million; 2019–2030)
- Food & Beverages
- Healthcare
- Household
- Building & Construction
- Agriculture
- Electrical & Electronics
- Others
For more details of the Certified Circular Plastics Market Report, visit @ https://www.emergenresearch.com/industry-report/certified-circular-plastics-market
Target Audience of the Report:
- Leading Companies
- Large, medium-sized, and small enterprises
- Investors
- Value-Added Resellers (VARs)
- Venture capitalists
- Third-party knowledge providers
The global Certified Circular Plastics market report evaluates the latest economic scenario in terms of value and volume. It highlights the key growth drivers, restraints, production capacity, demand & supply ratio, import/export status, growth rate, and other critical aspects. Additionally, the report also performs SWOT analysis, Porter’s Five Forces analysis, speculation attainability investigation, and venture return investigation.
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