A new report titled global Recycled Plastics Market research report published by Reports and Data offers accurate estimations of the growth rate and market size over the forecast period. The objective of this report is to help readers improve their industry’s performance by focusing on important business parameters including technological advancements, current market trends, limitations, and key players over the forecast period. Primary and secondary research techniques were used to effectively examine the desired data.
The Recycled Plastics market report offers the latest updates on the COVID-19 situation of the market, as well as the profound changes that followed the outbreak. In the COVID-19 Impact Analysis section of the report, a major focus has been laid on the severe effects of the pandemic on the industry’s functioning. Moreover, market experts at Reports and Data offer research-backed insights into the Recycled Plastics industry and identify the key barriers to industry growth. The aim of this report is to enable businesses to optimize their growth strategies and capitalize on emerging opportunities.
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According to the current analysis of Reports and Data, the global Recycled Plastics Market was valued at USD 46.05 Billion in 2018 and is expected to reach USD 75.57 Billion by the year 2028, at a CAGR of 6.3%. Recycled plastics are resins that are manufactured by reusing waste plastic products. They are produced by recovering plastic scraps and wastes and then reprocessing them into useful products. It can be defined as the process of cleaning, sorting, and processing pre-consumer or post-consumer plastic wastes into resins for various applications. Most of the plastics are non-biodegradable in nature. Thus, the only way to dispose of these plastics is to recycle them. With the rising awareness, there has been a growth in the demand for this market. The resins manufactured from plastic wastes can be used for several purposes. This versatility of application makes it an attractive option. These resins can be used in various industries such as packaging, building and construction, electronics and electricals, automotive, furniture, textiles, etc. However, it has tough competition from the virgin plastics market. Virgin plastics are plastic resins that are directly produced from petrochemicals feed-stock such as natural gas, crude oil, etc. these are the kinds of plastics that have never been used before. This competition acts as a major restraining factor. High competition with the virgin plastics market is one of the major restraining factors for this market. However, the increasing awareness and the non-biodegradability of virgin plastics has worked in the favor of the recycled plastics market.
Increasing demand for essential consumer products including soaps, detergents, perfumes, etc., growing production of environmentally sustainable chemicals and raw materials, and technological advancements in chemical and material manufacturing processes are some of the key factors driving the growth trend of the global materials & chemicals market. Rapidly surging demand for organic chemicals and high-performance specialty chemicals in the oil & gas, pharmaceutical, pulp & paper, personal care & cosmetics, food & beverage, agriculture, and textile industries is another important parameter for market growth.
Leading Market Competitors: Plastics, SUEZ, B&B Plastics, Recycled Plastics Industries, B. Schoenberg & Co., Inc., and Green Line Polymers.
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Type (Revenue, USD Million; 2024–2028)
Polyethylene terephthalate (PET)
Polyethylene (PE):
High-Density Polyethylene (HDPE)
Low-Density Polyethylene (LDPE)
Polypropylene (PP)
Polystyrene (PS)
Poly Vinyl Chloride (PVC)
Application (Revenue, USD Million; 2024–2028)
Packaging
Textiles
Furniture
Electricals
Scraps (Revenue, USD Million; 2024–2028)
Rigid:
Bottle
Containers
Furniture
Non-rigid:
Films
Wrappers
Others
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Regional and Country-wise Segmentation of the Global Recycled Plastics Market:
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
Reasons to Purchase this report:
The industry analysis report offers actionable insights into the global Recycled Plastics industry and discusses the major growth propellers, limitations, opportunities, and challenges existing in the market.
The report closely investigates the present and historical market scenarios to help readers predict the market situation over the next seven years.
The report systematically profiles the leading companies operating in the Recycled Plastics market, and, at the same time, highlights their long-term business expansion strategies.
In-depth scrutiny of the Recycled Plastics business landscape with accurate market projections for the forecast period.
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