Recycled Plastics Market was valued at US$ 29.18 Bn. in 2022 and the total Recycled Plastics revenue is expected to grow at 8.9% from 2023 to 2029, reaching nearly US$ 53.01 Bn.
Recycled Plastics Market Overview:
The primary goal of this research is to assist the user in understanding the Recycled Plastics Market in terms of definition, segmentation, market potential, significant trends, and the problems that the Recycled Plastics industry faces in key regions and nations. The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
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Recycled Plastics Market Scope:
The market statistics and information were obtained from credible sources such as websites, annual reports of businesses, journals, and others, and were examined and validated by industry professionals.
Recycled Plastics Market Segmentation:
The packaging category is anticipated to expand at a CAGR of 8.2% over the projected period, broken down by end-use industry. There are a number of technological, financial, environmental, social, and legal challenges that must be overcome in order to employ recycled materials in package manufacture. A few examples are rising recycling costs, a lack of raw materials, the availability of technology to separate different components, and a rise in legal activities. Operators that want to employ secondary raw materials face a number of difficulties, one of which is uncertainty regarding their quality.
When efforts to address the problem of hazardous substances in packaging are postponed until the end of the process rather than eliminated at the start of the product cycle, many problems in packaging recycling develop. Chemical taint on gathered packaging materials prevents further handling and processing. This could happen as a result of the packaging's use of specific additives and raw materials or as a result of the contents that were packaged and stored.
When recycled, plastics are often "downcycled". Plastics cannot be recycled in the same way that glass or metal can since they cannot be transformed into products of the same quality and end up being harmful because of their chemical characteristics and the way they were initially created.
Recycled Plastics Market Size and Forecast, by Product (2022-2029)
1. Bottles
2. Films
3. Fibers
4. Foams
5. Others
Recycled Plastics Market Size and Forecast, by Plastic Type (2022-2029)
1. Polyethylene Terephthalate (PET)
2. Polyethylene (PE)
3. Polyvinyl Chloride (PVC)
4. Polypropylene (PP)
5. Polystyrene (PS)
6. Others
Recycled Plastics Market Size and Forecast, by Application (2022-2029)
3. Packaging
3. Building & Construction
3. Textile
4. Automotive
5. Electrical & Electronics
6. Others
Recycled Plastics Market Size and Forecast, by Process (2022-2029)
1. Mechanical
2. Chemical
Recycled Plastics Market Size and Forecast, by Type (2022-2029)
1. Post-Consumer Recyclate
2. Industrial Recyclate
Recycled Plastics Market Size and Forecast, by Region (2022-2029)
1. North America
2. Europe
3. Asia Pacific
4. Middle East and Africa
5. South America
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Recycled Plastics Market Key Players: The study discusses the key market players who are engaged in the industry, such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors, and so on. The key players in the Recycled Plastics market are
1. Clear Path Recycling(US)
2. Custom Polymers(US)
3. Plastipak Holdings(US)
4. Republic Services (US)
5. Stericycle(US)
6. KW Plastics(US)
7. B. Schoenberg & Co.(US)
8. B&B Plastics(US)
9. Waste Connections, Inc.(US)
10. MBA Polymers(US)
11. ndorama Ventures (Thailand)
12. Veolia (France)
13.Suez((France)
14. Jayplas (UK)
15. Biffa(UK)
16. Alpek (Mexico)
17. Far Eastern New Century Corporation (Taiwan)
18. Remondis SE & Co. KG (Germany)
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Regional Analysis:
The report focuses on Global Regions and Market Size of Recycled Plastics, and development forecast 2021-2027, including industries, major players, suppliers worldwide, and market share by regions, with company and product introduction, position in the market including their market status and development trend by types and applications, which will provide its price and profit status, and marketing status, with 2020 as the base year.
COVID-19 Impact Analysis on Recycled Plastics Market:
The report discusses the impact of COVID-19: Since the breakout of the COVID-19 virus in December 2019, the disease has spread to practically every country on the planet, prompting the WHO to declare it a public health crisis. The worldwide effects of the coronavirus epidemic are already being noticed, and they will have a considerable influence on the Recycled Plastics industry in 2021.
Key Questions Answered in the Recycled Plastics Market Report are:
- What is the function of Recycled Plastics?
- What is the predicted revenue generation of the Recycled Plastics market?
- At what growth rate is the Recycled Plastics market evolving?
- Who are the major market giants operating in the Recycled Plastics market?
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