Recycled Plastics Market 2022
New Study Reports “Recycled Plastics Market 2022 Global Opportunities, Strategies, Sizing and Growth, Dynamics, Competitive Landscape, SWOT Analysis and Forecasts 2025” has been Added on PMR.
Report Overview
According to the experts’ assessment, the report provides projected Recycled Plastics Market revenue and growth rate. The present market dynamics, obstacles, drivers, and metrics are summarised in this report on the recycled plastics industry, along with an analysis of key segments. Industry-specific business development is also projected. Additionally, the nature of the research necessitates thorough segmental analysis. With the sector’s comprehensive country-level measures, the global recycled plastics market also offers a regional overview covering North America, Latin America, Asia-Pacific Europe, and the Middle East & Africa. In-depth descriptions of the business tactics employed by both established firms and recent entrants are also provided in the research.
Persistence Market Research in its upcoming report titled ‘Recycled Plastic Market: Global Industry Analysis 2012 – 2016 and Forecast 2017 – 2025’, projects the recycled plastic market to be worth just over US$ 30 billion by 2025.
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Recycling of plastic is broadly defined as collecting waste plastic scraps that are recyclable, processing it with various technologies, and finally treating it with chemicals and additives to produce a newer plastic. The improved quality of recycled plastic products over their virgin counterparts, the push from different companies, and strict governmental regulations are the main drivers of the recycled plastic market. Persistence Market Research in its upcoming report titled ‘Recycled Plastic Market: Global Industry Analysis 2012 – 2016 and Forecast 2017 – 2025’, projects the recycled plastic market to be worth just over US$ 30 billion by 2025.
Resin Type – PET and HDPE Segment Critical in Recycled Plastic Market
The polyethylene terephthalate and high density polyethylene resin types had a market share approaching 2/3rd of the recycled plastic market and should gain 180 and 40 BPS respectively, largely at the expense of other resin types. Polyethylene terephthalate is popular primarily on account of its low price and versatility. Similarly, a large portion of the plastic scrap generated including margarine tubes, grocery bags, and detergent bottles contain HDPE resins.
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Application – Packaging Industry Demands Great Deal of Recycled Plastic
The packaging industry is anticipated to hold the maximum share in the recycled plastic market by application type in terms of both value and volume. There is heavy demand for recycled plastic in the packaging industry because most waste scrap is generated by the packaging sector and then recycled to manufacture PET containers, bottles, carpet fibers, and clothes. The packaging industry is predicted to record a CAGR of 4.8% throughout the forecast period. Companies such as Nestle and Coca Cola have begun to use recycled plastic bottles for packing beverages and they have pledged to use more recycled plastic content in their beverage bottles instead of virgin plastic.
Source Type – Plastic Bottles to Exhibit High Growth in Recycled Plastic Market
Plastic bottles are on track to witness a CAGR of 4.8% from 2017 to 2025 and should exceed 17,000 KT by the end of the eight-year study, making it imperative for key stakeholders in the recycled plastic market to target.
Region – Focus on APEJ in Recycled Plastic Market
APEJ is estimated to fuel the volume gains in the recycled plastic market over the forecast period with a total incremental opportunity of just under US$ 3.3 billion being attributed to this populous continent. The consumption of recycled plastic products is concentrated in APEJ particularly in the construction and packaging sectors. In China, the raw material availability is very less leading to increased consumption of recycled plastic.
Competition Dashboard in the Recycled Plastic Market
Prominent companies actively involved in the recycled plastic market have been profiled in the report. The companies are B.SCHOENBERG & CO., REPLAS, Advanced Environmental Recycling Technologies, Clear Path Recycling, Wellman Advanced Materials, Reprocessed Plastic, PLASgran Ltd., Custom Polymers, CarbonLITE Industries, Luxus Ltd, Butler-MacDonald, KW Plastic, wTe Corporation, Envision Plastic Industries LLC, Kuusakoski, and Shanghai PRET.
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Key Questions Answered in the Recycled Plastics Market Report
- How is the Recycled Plastics market expected to grow over the projected period?
- What direction is the Recycled Plastics market expected to take in terms of volume and value during the forecast period?
- What is the impact of macroeconomic factors on the Recycled Plastics market in future?
- What are the key market drivers in the Recycled Plastics market?
- What are significant opportunities and improvement areas for Recycled Plastics manufacturers?
- What are the key developments and trends taking over the Recycled Plastics market?
- Which are the emerging countries that are expected to create significant growth opportunities in the Recycled Plastics market?
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