Recycled Plastics Market Booms with Growing Awareness of Environmental Sustainability

Global Recycled Plastics Market report from Global Insight Services is the single authoritative source of intelligence on Recycled Plastics Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. 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.

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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.

The recycled plastics market is expected to continue to grow in the coming years, as more companies and consumers become aware of the benefits of recycling plastics.

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

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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

Market Segments:

By Product

  • Polyethylene (PE)
  • Polyethylene Terephthalate (PET)
  • Polypropylene (PP)
  • Polyvinyl Chloride (PVC)
  • Polystyrene (PS)

By Source

  • Plastic Bottles
  • Plastic Films
  • Polymer Foam

By Application

  • Building & Construction
  • Packaging
  • Electrical & Electronics
  • Textiles
  • Automotive

Key Players:

  • Clean Harbors Inc.
  • Covetsro AG
  • Remondis SE
  • KG
  • Biffa
  • Stericycle
  • Republic Services Inc.
  • WM Intellectual Property Holdings LLC
  • Veolia
  • Shell International BV
  • Waste Connections

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