Recycled Plastic Market - Trends Forecast Till 2028

Market Overview

Recycling is a mechanism of casting waste into a useful product. With an increased awareness of the ill effects of plastics, there are increased efforts in the direction of recycling plastic. Plastics are of 2 types thermoset (non-recyclable – even on high temperatures) and thermoplastic (can be recycled by melting and casting into a new product).  Recycling of plastics is a market-driven process and is guided by the laws of the government. Recycling plastic is not an easy task because firstly not all plastics are recyclable (single-use plastic) moreover recycling degraded the quality of the plastic, to add on it is not possible to recycle plastic that is dirty. Recently Indian govt has planned to put a complete ban on single-use plastic by 2022.

Global Recycled Plastic Market is anticipated to reach USD 48,374 million in 2021 growing at a CAGR of 6.9% during the forecasting period, 2021-2028. 

Due to the increased consciousness among people about the ill effect of plastic on the environment and also the recent surge in the use of recycled plastic in different industries like automobiles are some of the factors that have supported long-term expansion for the Global Recycled Plastic industry. 

Key Findings

Global Recycled Plastic Market is segmented into the source, type, end-use industry, and geography.

Source segment is segmented into Bottles, Films, Fibers, and Foams.

Type segment is segmented into PET, PE, PP, PVC, and PS.

End-Use industry segment is segmented into Packaging, Building & Construction, Textiles, Automotive, and Electrical & Electronics.

Geographically, Global Recycled Plastic Market is sub-segmented into North America, Europe, Asia-Pacific, Middle East, and Africa and South America, and insights are provided for each region and major countries within the regions

Competitive Landscape

Key players in Global Recycled Plastic Market are Veolia (France), Suez (France), KW Plastics (US), Jayplas (UK), B. Schoenberg & Co. (US), B&B Plastics (US), Green Line Polymers (US), Clear Path Recycling (US), Custom Polymers (US), and Plastipak Holdings (US) among others. 

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
• Gain authentic and granular data access for Global Recycled Plastic Market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope