Global Recycled Plastic Market, By Type (Polyethylene Terephthalate, Polyethylene, Polypropylene, Polyvinyl Chloride, Polystyrene and Others), Source (Bottles, Bags, Films, Fibers, Foams and Others), Industry (Packaging, Building and Construction, Textile, Automotive, Electrical and Electronics, Household Goods, Agriculture, Healthcare and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of the Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Recycled Plastic Market
The recycled plastic market is expected to witness market growth at a rate of 5.7% in the forecast period of 2021 to 2028. Data Bridge Market Research report on recycled plastic market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the use in textile industry in developing countries is escalating the growth of recycled plastic market.
The recycling process of plastics is defined as the recovering of scrap or waste left out of plastic products and reprocessing it back into useful products. Subsequently, plastic material is non-biodegradable, so it is recycled to decrease the damaging effects instigated because of dumping of plastic products in the soil.
Major factors that are expected to boost the growth of the recycled plastic market in the forecast period are the undesirable environmental influence of plastics disposal. Furthermore, the rise in the alertness related to the energy savings is further anticipated to propel the growth of the recycled plastic market. Moreover, the increase in usage in the packaging, automotive, and electrical and electronics industries is further estimated to cushion the growth of the recycled plastic market. On the other hand, the strict competition from virgin plastics is further projected to impede the growth of the recycled plastic market in the timeline period.
In addition, the suitable initiatives taken to promote the usage of recycled plastics in advanced countries will further provide potential opportunities for the growth of the recycled plastic market in the coming years. However, the prohibition on imports of waste or scrap plastics might further challenge the growth of the recycled plastic market in the near future.
This recycled plastic market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on the recycled plastic market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Global Recycled Plastic Market Scope and Market Size
The recycled plastic market is segmented on the basis of type, source and industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the recycled plastic market is segmented into polyethylene terephthalate, polyethylene, polypropylene, polyvinyl chloride, polystyrene and others.
- On the basis of source, the recycled plastic market is segmented into bottles, bags, films, fibers, foams and others.
- On the basis of industry, the recycled plastic market is segmented into packaging, building and construction, textile, automotive, electrical and electronics, household goods, agriculture, healthcare and others.
Recycled Plastic Market Country Level Analysis
The recycled plastic market is segmented on the basis of type, source and industry.
The countries covered in the recycled plastic market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the recycled plastic market due to the rise in the number of non-residential construction projects, such as hospitals, schools, and colleges. Furthermore, growing need of roofing tiles, insulation, fences, floor tiles, and carpets will further boost the growth of the recycled plastic market in the region during the forecast period. North America is projected to observe significant amount of growth in the end use industries including electrical and electronics, construction, and packaging. Moreover, the increasing need for packed and processed food and growing of construction industry is further anticipated to propel the growth of the recycled plastic market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as consumption volumes, production sites, and volumes, import-export analysis, price trend analysis, cost of raw materials, downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Recycled Plastic Market Share Analysis
The recycled plastic market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to the recycled plastic market.
The major players covered in the recycled plastic market report 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 other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (M.E.A.), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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