The Global Plastic Recycling Market to show 5.0% CAGR from 2022-28

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 Clear Path Recycling, Clean Tech Incorporated, Longfu Recycling Energy Scientech, etc. Global top three manufacturers hold a share about 0.8%.

China is the largest market, with a share over 40%, followed by North America and Europe, both have a share about 35 percent.

In terms of product, HDPE is the largest segment, with a share about 35%. And in terms of application, the largest application is Packaging & Consumer Goods, followed by Construction, Textile Fiber / Clothing, Landscaping/Street Furniture, etc.

The global Plastic Recycling market was valued at US$ 31340 million in 2020 and it is expected to reach US$ 44540 million by the end of 2027, growing at a CAGR of 5.0% during 2021-2027.

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

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The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type

  • PET
  • PP
  • HDPE
  • LDPE
  • Others

Segment by Application

  • Packaging & Consumer Goods
  • Construction
  • Textile Fiber / Clothing
  • Landscaping/Street Furniture
  • Other Uses

By Company

  • Clear Path Recycling
  • Clean Tech Incorporated
  • Mohawk Industries Incorporated
  • CarbonLite Industries
  • Envision Plastics Industries
  • Advanced Environmental Recycling Technologies Incorporated
  • Evergreen Plastics
  • PolyQuest
  • Phoenix Technologies
  • Verdeco Recycling
  • Custom Polymers
  • KW Plastics
  • Extrupet
  • Greentech
  • Veolia Polymers
  • Hahn Plastics
  • PLASgran
  • APR2 Plast

Production by Region

  • North America
  • Europe
  • China

Consumption by Region

  • North America (United States, Canada)
  • Europe (Germany, France, U.K., Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
  • Latin America (Mexico, Brazil, Argentina)
  • Middle East & Africa (Turkey, Saudi Arabia, UAE)

 

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