Global Rigid Recycled Plastics Market, By Product Type (Polyethylene Terephthalate (PET), High Density Polyethylene (HDPE), Low Density Polyethylene (LDPE), Polyvinyl Chloride (PVC), Others), Source (Plastic Bottles, Plastic Bags & Films, Synthetic Fiber, Rigid Plastics & Foams, Others), End-Use Industry (Building & Construction, Textiles, Automotive, Electrical & Electronics, Packaging, 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 Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Rigid Recycled Plastics Market
The rigid recycled plastics market will reach at an estimated value of USD 870.90 million and grow at a rate of 5.70% for the forecast period of 2021 to 2028. Rise in the usage of recycled plastics in numerous end-use industries such as automotive and building & construction is a vital factor driving the growth of rigid recycled plastics market.
Recycled plastics are the type of plastics which are produced from scrap or waste plastic and is further utilized in manufacturing numerous products such as storage containers, concrete, and PVC windows for building & construction, packaging, automotive, electrical & electronics, and textile industry. The aim of producing recycled plastics is to help in reducing pollution caused during manufacture of new or virgin plastics.
Rise in the concerns for disposing virgin plastic and growing awareness about energy saving is the vital factor escalating the market growth, also easy availability of raw material collection in the form of plastics bottle, rising rapid industrialization, growing manufacturing sector in emerging economies such as China and India, rise in the use in packaging, automotive, and electrical & electronics industries, increasing growth in adoption of rigid plastic packaging in the food & beverages industry, and rise in demand from the healthcare industry are the major factors among others driving the rigid recycled plastics market. Moreover, rise in the favorable initiatives to promote the use of recycled plastics in developed countries and rise in the use in textile industry in developing countries of APAC will further create new opportunities for the rigid recycled plastics market in the forecast period of 2021- 2028.
However, increase in the stringent competition from virgin plastics is the major factors among others acting as restraints, while increase in the ban on imports of waste or scrap plastics in China and increase in the difficulty in collection of raw material will further challenge the growth of rigid recycled plastics market in the forecast period mentioned above.
This rigid recycled plastics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 rigid recycled plastics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Rigid Recycled Plastics Market Scope and Market Size
The rigid recycled plastics market is segmented on the basis of product type, source and end-use 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.
- Based on product type, the rigid recycled plastics market is segmented into polyethylene terephthalate (PET), high density polyethylene (HDPE), low density polyethylene (LDPE), polyvinyl chloride (PVC) and others.
- On the basis of source, the rigid recycled plastics market is segmented into plastic bottles, plastic bags & films, synthetic fiber, rigid plastics & foams and others.
- The rigid recycled plastics market is also segmented on the basis of end-user industry into building & construction, textiles, automotive, electrical & electronics, packaging and others.
Rigid Recycled Plastics Market Country Level Analysis
The rigid recycled plastics market is analysed and market size, volume information is provided by country, product type, source and end-use industry as referenced above.
The countries covered in the rigid recycled plastics market report are 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 (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the rigid recycled plastics market due to extensive industrialization and growing manufacturing sector in emerging economies such as China and India in this region.
The country section of the rigid recycled plastics market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts 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, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Rigid Recycled Plastics Market Share Analysis
The rigid recycled plastics market competitive landscape provides details by 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 rigid recycled plastics market.
The major players covered in the rigid recycled plastics market report are B & B Plastics Recycling Inc, Veolia, Green Line Polymers, Clear Path Recycling, B Schoenberg & Co, Jayplas, SUEZ, CUSTOM POLYMERS, PLASTIPAK HOLDINGS, INC. AND ITS AFFILIATES, shanghai pret composites, Kuusakoski, Envision Plastics, WTE Corporation and a Butler-MacDonald among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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