Chemicals

The Global Recycled Plastic Granules Market Growth Accelerated By Increased Usage In Construction And Packaging Industries

Leena Shedmake

The Global Recycled Plastic Granules Market Growth Accelerated By Increased Usage In Construction And Packaging Industries

Recycled plastic granules are processed plastic waste which has been cleaned, sorted and shredded into uniform pellets or granules that can be remolded and reused in the production of a wide range of products. Recycled plastic granules provide an eco-friendly and cost-effective alternative to virgin plastics offering comparable quality and performance. They find extensive applications in construction materials such as insulation panels and floor tiles as well as packaging products including retail shopping bags, reusable food containers and plastic bottles.

The global Recycled Plastic Granules Market is estimated to be valued at US$ 3.16 Bn in 2023 and is expected to exhibit a CAGR of 3.1% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

Increased usage in the construction and packaging industries has been a key trend driving the growth of the recycled plastic granules market. With growing environmental awareness, construction companies are increasingly adopting recycled plastic granules to manufacture insulation panels, floor tiles and other building materials as a replacement for virgin plastics. Packaging manufacturers are also using recycled plastic granules on a large scale to produce retail bags, food containers and bottles. This is owing to regulatory push for sustainable packaging as well as cost benefits of utilizing recycled feedstock. Such rising demand from the construction and packaging sectors is expected to propel the recycled plastic granules market over the forecast period.

Segment Analysis

The global recycled plastic granules market is dominated by the packaging sub-segment. Packaging accounts for over 35% of the total market share owing to the rising demand from the food and beverages industry. Packaging materials such as plastic bottles, containers etc accounts for a major share of the global plastic waste stream. Recycled plastic granules derived from packaging waste have emerged as a sustainable solution to curb plastic pollution.

Key Takeaways

The Global Recycled Plastic Granules Market Demand is expected to witness high growth supported by stringent plastic waste management regulations across regions. The global Recycled Plastic Granules Market is estimated to be valued at US$ 3.16 Bn in 2023 and is expected to exhibit a CAGR of 3.1% over the forecast period 2023 to 2030.

Regional analysis: Europe dominates the global recycled plastic granules market with over 30% share. Countries like Germany, UK, Italy have implemented Extended Producer Responsibility measures making recycling and reuse of plastic packaging mandatory. On the other hand, Asia Pacific is expected to grow at the fastest pace during the forecast period supported by initiatives like National Zero Waste Mission in India.

Key players: Key players operating in the recycled plastic granules market are Roche, Teva Pharmaceutical Industries Ltd., Sun Pharmaceutical Industries Ltd., Hikma Pharmaceuticals PLC, Dr. Reddy's Laboratories Ltd., Aurobindo Pharma Ltd., Mylan N.V., Apotex Inc., Sandoz AG, Accord Healthcare Ltd. Mylan leads the market with its extensive recycling facilities and strategic partnerships with waste management companies. Teva Pharmaceutical Industries Ltd focuses on R&D for food-grade recycled plastic granules

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Leena Shedmake

Recycled Plastic Granules Market Is Estimated To Witness Moderate Growth Owing To Opportunity In Construction Industry

Poonam 2024-01-11

The global recycled plastic granules market is estimated to be valued at US$ 3. With rising awareness and incentives around sustainability, the lucrative construction industry market will drive higher consumption of recycled plastic granules in the coming years. Bargaining power of buyers: The bargaining power of buyers is high as recycled plastic granules have many substitutes like virgin plastics. Key Takeaways The global Recycled Plastic Granules Market Growth is expected to witness high growth supported by stringent environmental policies and initiatives to curb plastic pollution. Key players operating in the Recycled Plastic Granules market are Roche, Teva Pharmaceutical Industries Ltd.

Recycled Plastic Granules Market: Promising Growth Awaits

Gauri Cmi 2023-09-05

- Bargaining Power of Suppliers: Low Suppliers of recycled plastic granules face intense competition, giving buyers an advantage. - Competitive Rivalry: High The recycled plastic granules market is characterized by intense competition, with several key players vying for market share. 3: Key players operating in the global recycled plastic granules market include Polyclean Technologies Inc. In conclusion, the global recycled plastic granules market is poised for substantial growth in the coming years. With increasing awareness about sustainability and the need to reduce plastic waste, recycled plastic granules offer a viable and eco-friendly solution.

Recycled Plastic Granules Market is Estimated to Witness High Growth Owing to Opportunity of Meeting Plastic Consumption Needs Sustainably

Lucy Kart 2024-02-06

The recycled plastic granule helps reduce dependency on landfills and virgin plastic extraction from crude oil. The global Recycled Plastic Granules market is estimated to be valued at US$ 3. Key Takeaways The global Recycled Plastic Granules market is expected to witness high growth over the forecast period of 2024 to 2030. Global Recycled Plastic Granules Market Size for 2024 is estimated to be US$ 3. The Asia Pacific region dominates the global Recycled Plastic Granules market currently and is expected to maintain its lead over the forecast period as well.

Recycled Plastic Granules Market Is Estimated To Witness High Growth Owing To Rising Environmental Awareness & Strict Government Regulations

Ben Wood 2023-10-30

The recycled plastic granules market is estimated to be valued at US$ 2. stringent government policies like plastic ban and initiatives promoting use of recycled plastics in various countries has boosted the demand for recycled plastic granules. Additionally, cost benefits associated with recycled plastic granules compared to virgin plastics is another factor propelling the market growth. Key TakeawaysThe global recycled plastic granules market is expected to witness high growth, exhibiting CAGR of 3. Key playersKey players operating in the recycled plastic granules market are Polyclean Technologies Inc.

What is the Importance of Plastic Recycling?

Pranjal Laghari 2022-11-18

By revolving bottles, packaging and other plastic refuse into new goods, reprocessing assists the atmosphere and generates new economic occasions. It is ideal to find a well-known company for buying the best quality recycled plastic granules. Innovative UsesThe use of recycled plastics in products needs imaginative thinking on the portion of designers, specialists, and constructors. The above-mentioned information will let you know about the importance of plastic recycling. You can find one of the well-known companies for buying high-quality recycled plastic granules.

Recycled Plastic Granules - A Viable Solution to Reduce Plastic Waste

nilamcmi1 2024-10-10

However, rampant plastic use has led to a staggering amount of plastic waste that ends up in landfills and oceans. Creating recycled plastic granules One of the most effective ways of recycling plastic waste is by converting it into plastic granules. Uses of recycled plastic granules The recycled plastic granules have numerous applications: New plastic products: The Recycled Plastic Granules can be used to manufacture a variety of new plastic products like trash cans, pallets, floor tiles, pipe fittings, hangers, packaging materials, and more with the help of injection and blow molding processes. Refund of plastic tax: In several countries, plastic manufacturers are levied with plastic pollution taxes for using virgin plastics in production. Cost-effective alternative: Recycled plastic granules are often cheaper than virgin plastic resins for manufacturers.

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In this report, our team offers a comprehensive analysis of Plastic Granules market, SWOT analysis of the most prominent players in this landscape.

Along with an industrial chain, market statistics in terms of revenue, sales, price, capacity, regional market analysis, segment-wise data, and market forecast information are offered in the full study, etc.

Download Free Sample Report @ https://www.radiantinsights.com/research/global-plastic-granules-market-2020-2026/request-sample This report focuses on top manufacturers in global market, Involved the assessment of Sales, price, revenue and market share for each manufacturer, covering• Dar Al Khaleej Plastics• Nahata Plastics• Vanshika Plastic Industry• Balaji Plastic• Navkar Industries• Shakti Plastic Industries• Tejes Plastics• Wiwat Plastic On the basis of product, this report displays the Sales, revenue, price, market share and growth rate of each type, primarily split into• PP• HDPE• PPCP• LLDPE• LDPE• Others By Application, this report focuses on Sales, Market share and Growth Rate of each application, can be divided into• Plastic products• Clothing• Others By Regions, this report splits global market into several key regions, with Sales, Revenue, Price and Gross Margin market share of top players in these regions, from 2014 to 2026 (forecast), like• China• USA• Europe• Japan• Korea• India• Southeast Asia• South America Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/global-plastic-granules-market-2020-2026 Table of Contents Global Plastic Granules Market Professional Survey Report 20191 Report Overview1.1 Definition and Specification1.2 Manufacturers and Region Overview1.2.1 Manufacturers Overview1.2.2 Regions Overview1.3 Type Overview1.3.1 PP1.3.2 HDPE1.3.3 PPCP1.3.4 LLDPE1.3.5 LDPE1.3.6 Others1.4 Application Overview1.4.1 Plastic products1.4.2 Clothing1.4.3 Others1.5 Industrial Chain1.5.1 Plastic Granules Industrial Chain1.5.2 Upstream1.5.3 Downstream 2.1 The Overall Market Performance(Volume)2.1.1 PP2.1.2 HDPE2.1.3 PPCP2.1.4 LLDPE2.1.5 LDPE2.1.6 Others2.2 The Overall Market Performance(Value)2.2.1 PP2.2.2 HDPE2.2.3 PPCP2.2.4 LLDPE2.2.5 LDPE2.2.6 Others 3 Global Plastic Granules Market Assessment by Application3.1 Overall Market Performance (Volume)3.2 Plastic products3.3 Clothing3.4 Others Continued… Read all Reports of this category @ https://www.radiantinsights.com/catalog/plastics About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.

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The global ''recycled plastic market'' size is expected to witness significant growth backed by increasing demand from the packaging industry.

Plastic is harmful to the environment in many ways and since most of the plastic material is non-biodegradable, it is important to find a solution to reduce the rampant production of plastic across the globe.

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This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.The report offers key drivers that propel the growth in the global recycled plastic market.

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The major players in the recycled plastic tiles market include Kuzabiashara, Shayna Ecounified India Pvt.

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Recycled plastic tile is an innovative solution to plastic waste disposal.