Veolia, SUEZ and RJM INTERNATIONAL INC. are Dominating the Global Recycled Plastic Market in 2018

Recycled Plastic Market is expected to register substantial CAGR of 9.8% in the forecast period of 2019 to 2026. The years considered for study are as mentioned below.

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The recycled plastic is a highly concentrated market which includes key players and local players. The market has a prominent growth in upcoming years due to wide application area of recycled plastic in various industries.

The market has witness developments in terms of merger and acquisitions or product launches to enhance the product portfolio to meet the rising demand of innovative technologies.

For instance, In February 2018, Envision Plastics announced the launch of a bottle which uses their Ocean Bound plastic at 100 percent content and as the sole colorant carrier. Through this, the company will be able to expand its product portfolio in the market

Veolia dominated the global recycled plastic market a 2018. The other key players existing in the market includes SUEZ, RJM INTERNATIONAL INC, 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., Ultra-Poly Corporation, KW Plastics, Birch Plastics Inc., Asia plastics renewable resources holdings co., ltd., CLEAR PATH RECYCLING, Green Line Polymers, and Imerys among others.

Veolia:

Veolia is headquartered in Paris, France. The company is engaged in manufacturing of comprehensive range of waste, water and energy management services. The company operates through two business segments which include water, waste and energy.

Waste is the market focused segment and is engaged in the production of recycled plastic products to be utilized in various applications.

It has its global networks in Middle East, Asia Pacific, Europe, North America and Latin America. It operates through its subsidiaries, which are Veolia Environmental Services (France), Veolia Water (France), Veolia Environment Industries SAS, Veolia Korea (South Korea) and Proxitherm SAS among others.

  • In June 2019, Veolia announces the launch of a new tool for the energy, water, & waste sectors. This new tool will help to achieve a low carbon future and will be beneficial for environment and is cost friendly.

SUEZ:

SUEZ is headquartered in Paris, France. The company is focused to provide technologies and solutions in field of recycling, water technologies. They operate through business segments which include water Europe, recycling and recovery Europe, international, water technologies & solutions and others.

Recycling and recovery Europe is the market focused segment and is engaged in the production of various types of recycled plastic products.

It has its global networks in North America, Europe, Asia-Pacific, South America and Middle East and Africa. It operates through its subsidiaries, which are SITA (France), Degrémont (France), Suez North America (U.S), Lydec (France) and Ozonia (Switzerland) among others.

  • In October 2018, SUEZ acquired OPTIMATICS, the leader of water networks optimization. Through this acquisition, the company aims to accelerate their digital platform and to expand its product portfolio.

RJM INTERNATIONAL INC.:

RJM INTERNATIONAL INC., is headquartered in South California, U.S. was founded in 2000. The company is engaged in manufacturing of plastics to American, European and Asian countries. The company manufactures products in engineering plastics, other thermoplastics and commodity plastic categories.

All the three categories, engineering plastics, other thermoplastics and commodity plastic categories are the market focused categories of the company that are engaged in the manufacturing of products related to recycled plastic.

The company has their geographical presence in North America, Europe, Asia-Pacific, Middle East and Africa.