Global Recycled Plastic Market is Driven by Processing of Recycled Products helps in Conservation of Energy and Natural Resources is Driving this in the Forecast period of 2019 to 2026

Recycled Plastic Market is projected to register a substantial CAGR of 9.8% in the forecast period of 2019 to 2026. The new market report contains data for historic year 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026

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Drivers: Global Recycled Plastic Market

  • Processing of recycled products helps in conservation of energy and natural resources
  • Rising awareness among people and actions taken by government regarding plastics disposal

Restraints:

  • Generation of volatile organic compounds (VOCs) and other harmful chemicals during recycling process
  • Recycling downgrades the quality of products

Opportunity:

  • Generation of raw materials from plastic bottles recycling process that can be used for production of textiles

Challenge:

  • Less recyclability of certain plastic materials

Market Trends:

Global Recycled Plastic Market is segmented into three notable segments which are based on type, source and industry.

  • On the basis of type, the market is segmented into polyethylene terephthalate, polyethylene, polypropylene, polyvinyl chloride, polystyrene and others. Polypropylene type segment is dominating in the market as this type has the capability of easy recycling and can be used in almost all the industries.
  • On the basis of source, the market is segmented into bottles, bags, films, fibers, foams and others. Bags are the most common source from where recycled plastic can be generated and almost all the bags used in grocery and various other things are made of plastic materials.
  • On the basis of industry, the market is segmented into packaging, building & construction, textile, automotive, electrical & electronics, household goods, agriculture, healthcare and others

Key Market Players: Global Recycled Plastic Market

Some of the major players operating in this market are CUSTOM POLYMERS, B&B PLASTICS INC, B. Schoenberg & Co., Inc., ENVISION PLASTICS, Jayplas, Joe's Plastics, K K Asia (HK) Ltd., Berry Global Inc., MBA Polymers Inc., Plastipak Holdings, Inc., SUEZ, Ultra-Poly Corporation, Veolia, KW Plastics, Birch Plastics Inc., RJM INTERNATIONAL, INC., Asia plastics renewable resources holdings co., ltd., CLEAR PATH RECYCLING, Green Line Polymers and Imerys among others.

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