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Global Plastics Recycling Market Growth (Status and Outlook) 2024-2030
Product Code:794180
Published Date: Jan 02,2024
Pages: 101
Region: Global
Category: Service & Software
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According to our LPI (LP Information) latest study, the global Plastics Recycling market size was valued at US$ 42100 million in 2023. With growing demand in downstream market, the Plastics Recycling is forecast to a readjusted size of US$ 48960 million by 2030 with a CAGR of 2.2% during review period.
The research report highlights the growth potential of the global Plastics Recycling market. Plastics Recycling are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Plastics Recycling. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Plastics Recycling market.
Recycled plastics are the plastics that made from post-consumer or post-industrial plastics instead of the virgin resin. The process of recycling used plastic from consumable products is an efficient means to reprocess the material into useful products. Many different products make great sources of recyclable material, including: soda bottles, plastic packaging, sheets and pellets. Recycled plastic is used to make many different types of products. The type of product that is made out of recycled plastic depends on the type of plastic resin. There are several different types of plastic resin used to make different products, such as PET, PP, HDPE and LDPE.
Global plastic recycling key players include Indorama Ventures, Far Eastern New Century, MBA Polymers, etc. Global top 10 manufacturers hold a share about 2.7%.
China is the largest market, with a share over 40%, followed by North America and Europe, both have a share about 49 percent.
Key Features:
The report on Plastics Recycling market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Plastics Recycling market. It may include historical data, market segmentation by Type (e.g., Polyethylene Terephthalate (PET), Polypropylene (PP)), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Plastics Recycling market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Plastics Recycling market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Plastics Recycling industry. This include advancements in Plastics Recycling technology, Plastics Recycling new entrants, Plastics Recycling new investment, and other innovations that are shaping the future of Plastics Recycling.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Plastics Recycling market. It includes factors influencing customer ' purchasing decisions, preferences for Plastics Recycling product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Plastics Recycling market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Plastics Recycling market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Plastics Recycling market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Plastics Recycling industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Plastics Recycling market.
Market Segmentation:
Plastics Recycling market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Segmentation by type
Polyethylene Terephthalate (PET)
Polypropylene (PP)
High Density Polyethylene (HDPE)
Low Density Polyethylene (LDPE)
Polystyrene (PS)
Polyvinyl Chloride (PVC)
ABS
Nylon
Polycarbonate
Segmentation by application
Packaging
Automotive
Construction
Textile
Industrial
Consumer Goods
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Kuusakoski
B&B Plastics
CarbonLite
Custom Polymers
Dart Container
Fresh Pak
Novolex
KW Plastics
MBA Polymers
PLASgran
Plastipak
WM Recycle America
Wellpine Plastic
RELATED REPORTS
- 27
Feb
2021
According to this latest study, the 2021 growth of Plastics Recycling will have significant change from previous year. By the most conservative estimates of global Plastics Recycling market size (most likely outcome) will be a year-over-year revenue growth rate of XX% in 2021, from US$ 21660 million in 2020. Over the next five years the Plastics Recycling market will register a 3.4% CAGR in terms of revenue, the global market size will reach US$ 24790 million by 2026.
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