The Global Recyclable plastics market is forecast to reach USD 67.55 Billion by 2028, according to a new report by Reports and Data. Increasing awareness about the adverse impact of plastic pollution on environmental stability is on a constant rise. The rise in awareness about its harmful effect has been the result of experiencing the real-life complications associated with plastic pollution along with government initiatives. Such increased awareness about plastic pollution has acted as a significant driving force for the growth of the market. Apart from that, an increased number of research on enhancing recycling technologies and rise in social enterprises that are dealing with the issue of plastic pollution like UrbanR Recycle+ positively impacts the growth of the sector.
There has been a rise in demand for plastic in various regions like China being one of the leading nations. However, in these regions, the need for plastics is comparatively high in proportion to the plastic raw materials required to cater to this demand of these countries. Such disparity between increased demand and low supply of plastic raw materials bolsters the growth of the sector. Expansion of this sector can be established with the fact that till 2015, only 0.5 Billion tons i.e., only 6% of the total plastic produced was recycled. However, within only three years, i.e., by 2024, 1.3 Billion tons of the total produced plastic was recycled.
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Top Companies Profiled in this Report are:
Avangard Innovative, B. Schoenberg & Co., Inc. Delta Plastics, UltrePET LLC, CarbonLITE Industries, Veolia, Suez Recycling & Recovery Holdings, KW Plastics, Clear Path Recycling, Jayplas.
COVID-19 Impact Assessment
The Recyclable Plastics market report is the first document to cover the current scenario of the global Recyclable Plastics market that is brawling with the adverse economic effects of the ongoing COVID-19 pandemic. Besides affecting countless lives across the world, the pandemic has wreaked major disruptions to this otherwise lucrative business sector. The latest report thoroughly studies the current situation of the market and the unfavorable impact of the pandemic on its crucial segments and sub-segments.
This section underscores the leading players in this business space, the current market state, disrupted supply chains, and the key sales and distribution channels in the context of the COVID-19 pandemic. Additionally, the global Recyclable Plastics market study discovers a wide array of business-centric strategies adopted by leading market players to gain robust traction in the post-COVID market situation.
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For the purpose of this report, Reports and Data have segmented the global Recyclable plastics market according to Type, Source, Recycling processes, End-Use Industry, and Region:
Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2024-2028)
- Polyethylene (PE)
- Polyethylene Terephthalate (PET)
- High-Density Polyethylene (HDPE)
- Low-Density Polyethylene (LDPE)
- Polypropylene (PP)
- Polystyrene (PS)
- Polyvinyl Chloride (PVC)
- Others
Source type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2024-2028)
- Films
- Bottles
- Foams
- Fibers
- Others
Recycling processes Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2024-2028)
- Chemical recycling
- Mechanical recycling
End-Use Industry Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2024-2028)
- Building & Construction
- Packaging
- Automotive
- Electrical & Electronics
- Textiles
- Others
In market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Major Highlights:
- The study analyzes various manufacturing processes of the product.
- It further examines the consumption volume and patterns of the product types.
- The report provides actionable insights into the production capacity, estimated growth, and regional market revenues amassed over the forecast period.
- The report encompasses vital information on market dynamics, such as product pricing patterns, the total revenue generated, and anticipated growth rate.
- The report highlights the competitive spectrum of the global Recyclable Plastics market, focusing on the company profiles of top market rivals.
- The report emphasizes the product portfolios as well as respective specifications and applications of these products of each market player.
- Furthermore, production capacities, gross margins, manufacturing costs, pricing models, and revenue shares of these market players have also been discussed.
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