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According to our LPI (LP Information) latest study, the global Plastic Recycling market size was valued at US$ 42100 million in 2023. With growing demand in downstream market, the Plastic Recycling is forecast to a readjusted size of US$ 63810 million by 2030 with a CAGR of 6.1% during review period.
The research report highlights the growth potential of the global Plastic Recycling market. Plastic 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 Plastic 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 Plastic 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 35 percent.
Key Features:
The report on Plastic 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 Plastic Recycling market. It may include historical data, market Segmentation by Type (e.g., PET, PP), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Plastic 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 Plastic 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 Plastic Recycling industry. This include advancements in Plastic Recycling technology, Plastic Recycling new entrants, Plastic Recycling new investment, and other innovations that are shaping the future of Plastic Recycling.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Plastic Recycling market. It includes factors influencing customer ' purchasing decisions, preferences for Plastic Recycling product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Plastic Recycling market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Plastic 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 Plastic Recycling market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Plastic 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 Plastic Recycling market.
Market Segmentation:
Plastic 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 volume and value.
Segmentation by type
- PET
- PP
- HDPE
- LDPE
- Others
Segmentation by application
- Packaging & Consumer Goods
- Construction
- Textile Fiber / Clothing
- Landscaping/Street Furniture
- Other Uses
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.
- Indorama Ventures
- Far Eastern New Century
- MBA Polymers
- DAK Americas
- Plastipak Holdings
- Longfu Recycling Energy Scientech
- Greentech
- KW Plastics
- Vogt-Plastic
- Biffa
- Visy
- Envision
- IMERYS GROUP
- Viridor
- SUEZ
- Chongqing Gengye New Material Technology
Key Questions Addressed in this Report
What is the 10-year outlook for the global Plastic Recycling market?
What factors are driving Plastic Recycling market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Plastic Recycling market opportunities vary by end market size?
How does Plastic Recycling break out type, application?