Plastic Recycling Market – Exclusive Report Study with Forecast to 2030

NEW YORK, NEW YORK, USA, February 9, 2022 / — plastic recycling market Overview: According to comprehensive research report by Market Research Future (MRFR), “Plastic Recycling Market Insights by Material (Polyethylene Terephthalate (PET), High Density Polyethylene (HDPE), Low Density Polyethylene (LDPE), Polypropylene ( PP) and others), recycling process (mechanical and chemical), application (packaging, construction, textile, automotive and others) and region (Americas, Europe, Asia-Pacific, Middle East and Africa) – Forecast to 2030 ”, the market is projected to be worth USD 67.32 billion by 2030, registering a CAGR of 7.19% during the forecast period (2022 to 2030), the market was valued at USD 38.51 billion in 2021.

List of key companies profiled in the Plastic Recycling Market research report include–

Asia Plastic Recycling Holding Limited
B&B Plastics Recycling Inc
B.Schoenberg & Co.
CarbonLITE Industries LLC
Clear Path Recycling
Consolidated Container Company
GreenLine Polymers, Imerys SA
Indorama Ventures Public Company Limited
Jayplas, Joe’s Plastics Inc.
Kuusakoski Group Oy
KW Plastics,
Montello SpA
MTM Plastics GmbH
Plasgran Ltd., Plastipak Holdings, Inc.
Recycled plastics UK
RJM International Inc.
Seraph plastics
Shakti Plastics Industries
Suez, Teijin Limited
Ultra Poly Corporation,
Custom Polymers, Inc.
Consider plastics
Plastic Recycling Inc.
KW Plastics, Inc.
Seraph plastics
MBA Polymers Inc.
Green-O-Tech India
Among others.

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Examination of the future of market research in the plastic recycling market

The global plastic recycling market is witnessing a steady increase in revenue. Factors such as increased awareness about the benefits of plastic recycling and effective awareness programs launched by major industry players are increasing the market size. With increasing government initiatives to promote waste management programs and strict regulations to reduce carbon emissions, the market value is expected to increase further in the coming years. The growing need to control environmental deterioration is driving the growth of the market. Additionally, increasing population, urbanization, and industrialization across the globe is contributing to the growth in market revenue.

In addition, the improvement of economic conditions in the world increases the market value, increases the purchasing power and lifestyle of consumers, as well as the use of plastic products. The increasing use of plastic products creates the need for plastic recycling. Additionally, advancements in plastic recycling technology, techniques, and processes are further pushing the growth of the market, significantly controlling plastic waste in landfills.

Browse the in-depth market research report (188 pages) on plastic recycling

Plastic Recycling Market – Segments

The report is segmented into type, source, method, end user and regions. The type segment is divided into polyethylene (PE), polyethylene terephthalate (PET), polypropylene (PP), polystyrene (PS), polyvinyl chloride (PVC) and others. The Source segment is divided into Films, Bottles, Foams, Fibers, and Others.

The method segment is divided into discharge, chemical, thermal, mechanical and others. The end-user segment is divided into building and construction, packaging, textile, electrical and electronics, automotive and others. The regional segment is divided into Europe, Americas, APAC, MEA and Rest of the World.

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Global Plastic Recycling Market – Geographical Analysis

APAC dominates the global plastic recycling market, accounting for a significant market share. Favorable regulations and growing awareness of the biohazards of plastic waste are increasing the market share in the region. Additionally, factors such as increasing use of plastics due to growing population and economic growth in the region are driving the growth of the market.

Government-intensive programs and growing increase in end-use sectors justify the size of the market in the region. The plastic recycling market in Asia-Pacific is expected to maintain its dominance throughout the forecast period.

Plastic Recycling Market – Competitive Analysis

With the presence of several well-established players, the global plastic recycling market emerges as highly competitive. Well-established players are integrating acquisition, collaboration, partnership, expansion, and technology launch to gain greater competitive advantage in this market. Heavy investments are made to stimulate R&D activities and expansion plans.

Industry/Innovation/Related News:

November 16, 2021 — Morrisons, a British supermarket chain, has announced the acquisition of a significant stake in a new plastic recycling site in Scotland. Morrisons co-owns this facility with leading recycling plant expert, Yes Recycling, also responsible for building the plant. The Fife recycling plant would process all low-grade plastics, including non-PET food wraps and candy wrappers.

Market Segmentation Covered by Research:

Plastic Recycling Market: Information by Material (Polyethylene Terephthalate (PET), High Density Polyethylene (HDPE), Low Density Polyethylene (LDPE), Polypropylene (PP) and Others), Recycling Process (Mechanical and Chemical), Application (Packaging , Construction, Textile, Automotive and others) and Region (Americas, Europe, Asia-Pacific, Middle East and Africa) – Forecast to 2030

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