Global Recycled Plastics Market Overview:
Recycled plastics are plastics that are made from post-consumer or post-industrial plastics instead of virgin resin. The process of recycling 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. They have a wide range of advantages, including diminished reliance on fossil fuels, reduced use of natural resources, a more energy-efficient manufacturing process, fewer landfills, cleaner oceans, and more. Many companies are adopting sustainability goals and commitments to reduce their environmental footprint. Using recycled plastics in their products is one way for companies to demonstrate their commitment to sustainability and corporate social responsibility.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increased demand for post-consumer recycled plastics
Market Growth Drivers:
Growing awareness about conserving natural resources and reduce energy consumption. and Global world shifting towards more sustainable products
Challenges:
Plastic recycling that harms the environment can also present health threats and The uses of recycled plastics are limited
Restraints:
Recycling produces pollutants after the breaking down of plastics and Recycled polyester is difficult to recycled
Opportunities:
Focus on innovation of recycling plastics methods and Develop innovative applications for recycled plastics, such as 3D printing filaments, composite materials, and building products.
Competitive Landscape:
The market is highly competitive with the active presence of dominant players. recycling of products is essential considering the overall benefits. Due to the considerable reduction of resources due to continuous and overuse, recycling should be given almost importance. The recycled plastics market is expected to continue growing as awareness of environmental issues increases, regulations become stricter, and technological innovations make recycling more efficient and cost-effective.
Some of the key players profiled in the report are Veolia (France), Suez SA (France), Alpek S.A.B. de C.V (Mexico), CARBONLITE INDUSTRIES LLC (United States), Plastipak Holdings, Inc (United States), Amcor plc (Australia), Attero Recycling (India), Patagonia, Inc. (United States), Klar2O GmbH (Germany), Repeat Plastics Australia Pty Ltd. (Australia), Sharp Polymer Solutions Limited (United Kingdom), Suzhou Jiulong Recycling Technology Co., Ltd (China), Intco (India), Envision (China), Green Group SA. (Romania), HAHN Plastics Ltd (United Kingdom), INEOS Olefins & Polymers USA, LLC (United States) and Integra Plastics (United States). Considering Market by Type of Recycling, the sub-segment i.e. Chemical Recycling will boost the Recycled Plastics market. Considering Market by End user Industry, the sub-segment i.e. Packaging will boost the Recycled Plastics market. Considering Market by Type, the sub-segment i.e. Polyethylene Terephthalate will boost the Recycled Plastics market.
Latest Market Insights:
In April 2024, International polyolefin producer Borealis has acquired Integra Plastics AD, a Bulgarian advanced mechanical recycling company. The acquisition will strengthen the company’s specialty and circular portfolio, enabling it to meet growing customer demand for sustainable solutions.
In March 2024, INEOS olefins polymers Europe, PepsiCo and Amcor announced the partnership to launched a novel snack packaging solution for Sun bites crisps, incorporating 50% recycled plastic. the new resin, revamped existing plastic packaging designs into innovative packaging films containing 50% post-consumer recycled materials. and In October 2022, The Dow Chemical Company is an American multinational corporation has launched the new resin made with 70% recycled plastic. This innovative new solution, called AGILITY™ CE, is the first post-consumer recycled (PCR) product offering of Dow's plastics circularity portfolio to incorporate a high percentage of post-consumer plastic waste.
What Can be Explored with the Recycled Plastics Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Recycled Plastics Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Recycled Plastics
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Recycled Plastics market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Recycled Plastics market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Supplier, Manufacturer, Distributor, Government Regulatory, Research Organization and End users’ industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.