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
A new market intelligence report published by Maximize Market Research, a global market intelligence firm, indicates the potential for significant growth in the Recycled Plastics Market for suppliers during the forecast period through 2029. The report includes an analysis of the growth drivers, major restraints, upcoming challenges, and prevailing opportunities in the global Recycled Plastics Market, as well as a list of key players and their business strategies.
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Recycled Plastics Market Report Scope and Research Methodology
The Recycled Plastics Market dynamics are thoroughly analyzed in the report, providing the reader with insights into emerging market trends, drivers, restraints, opportunities, and challenges at global and regional levels. Maximize Market Research collected the data through primary research surveys with product dealers, suppliers, international market supplies, and dealers, as well as a dedicated team of subject matter experts who meticulously track and analyze the Recycled Plastics Market industry. The bottom-up approach was employed to estimate the Recycled Plastics Market size. The report also includes a list of several ongoing development projects from various industries, followed by information on key projects that are in the development stage and may have a positive or negative impact on the global Recycled Plastics Market.
Recycled Plastics Market Dynamics
Plastic recycling is a popular issue that is often in the news, and the market growth potential is enormous. According to the most recent data, just 31% of the plastic garbage collected in Europe was recycled, with the remainder being burnt (producing CO2 emissions) or landfilled (squandering land). The recycling ratio for collected garbage for plastic packaging is slightly higher, at 41 percent. When the volume of plastic that is not even recovered but seeps into the ecosystem is included, the recycling percentages drop even more. Because of the environmental benefits of recycling plastic trash, the European Union (EU) has increased recycling objectives for its member countries.
Recycled Plastics Market Regional Insights
The report includes a region-wise detailed analysis of the Recycled Plastics Market including market dynamics, regional market structure and key players in each region. The regions are North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa.
Recycled Plastics Market Segmentation
by Product
- Bottles
2. Films
3. Fibers
4. Foams
5. Others
by Plastic Type
- Polyethylene Terephthalate (PET)
2. Polyethylene (PE)
3. Polyvinyl Chloride (PVC)
4. Polypropylene (PP)
5. Polystyrene (PS)
6. Others
by Application
- Packaging
2. Building & Construction
3. Textile
4. Automotive
5. Electrical & Electronics
6 Others
by Process
- Mechanical
2. Chemical
by Type
- Post-Consumer Recyclate
2. Industrial Recyclate
Recycled Plastics Market Key Players
- 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)
Key Questions answered in the Recycled Plastics Market Report are:
- What is Recycled Plastics Market?
- What is the expected Recycled Plastics Market size in 2029?
- How the major segments of the global Recycled Plastics Market are expected to develop during the forecast period?
- Who are the top suppliers and producers in the Recycled Plastics Market industry?
- What is the expected Recycled Plastics Market size by the end of the forecast period?
- Which region held the largest Recycled Plastics Market share in 2022?
- Who are the key players in the Recycled Plastics Market industry?
- Which Recycled Plastics Market segment is expected to grow at a high rate during the forecast period?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by Different Segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by Application, Technology, Type, End-User, and Region
- Competitive Landscape – Profiles of selected key players by region in a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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