According to publisher, 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.
The worldwide plastic reusing advertise is encountering a critical change, driven by natural concerns and developing squander administration challenges.
Market Estimate and Development Trajectory
The showcase measure is assessed to be around USD 46.89 billion in 2022 and is anticipated to reach USD 88.96 billion by 2030, reflecting a promising CAGR of 8.3. This development demonstrates an expanding center on redirecting plastic squander from landfills and giving it a moment life.
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Key Drivers of Growth:
Environmental Directions and Bans Rigid government controls and bans on single use plastics are pushing producers and buyers towards economical hones. This makes a request for reusing arrangements to oversee plastic squander successfully. For occasion, the European Union s mandate on single use plastics points to altogether diminish the utilize of certain plastic things by 2021. Rising Open Mindfulness Developing open mindfulness almost plastic contamination and its natural affect is driving a move towards mindful plastic utilization and squander administration. Customers are progressively requesting items made from reused plastic, advance supporting the market.
Technological Headways Headways in reusing advances are making the method more productive and cost effective. This incorporates moved forward sorting strategies, inventive chemical reusing strategies, and improvement of high quality reused plastic materials. For case , companies like Circle Businesses are creating depolymerization innovations that can break down utilized plastic back into its base chemicals for reuse in modern items.
Market Division and Applications
Type of Plastic: The showcase is portioned by the sort of plastic being reused. Polyethylene terephthalate PET, utilized in refreshment bottles, and high density polyethylene HDPE, utilized in containers and bundling, are the foremost commonly reused plastics.
End-Use Applications: Reused plastic finds application in different divisions, counting bundling, development materials, materials, and car components. The utilize of reused plastic in these applications makes a difference decrease dependence on virgin plastic and advances a more circular economy. For occasion, companies like Patagonia are joining reused plastic into their clothing lines, illustrating the developing selection of reused materials over businesses.
Challenges and Restraints:
Complex Sorting and Preparing Sorting diverse sorts of plastic squander for productive reusing remains a challenge. This requires progressed advances and framework investment.
Economic Practicality Virgin plastic can in some cases be cheaper than reused plastic due to lower generation costs. Fluctuating oil costs can moreover affect the financial reasonability of recycling. Limited Collection and Framework Insufficient collection frameworks and constrained reusing frameworks in creating nations posture a noteworthy challenge to growing the market.
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Manmayi Raval
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Leading Players and Territorial Landscape
The showcase is tolerably concentrated with built up players like Veolia, Remondis, BASF, and Coca Cola. These companies are contributing in reusing advances, collection infrastructure, and organizations to grow their impression within the market.
Asia Pacific is the driving territorial advertise due to the tall volume of plastic squander era and expanding government activities advancing reusing. North America and Europe hold noteworthy offers, driven by stricter natural controls and developing customer inclination for economical products.
Future Patterns and Opportunities
Focus on Closed-Loop Reusing The concept of closed loop reusing, where plastic items are planned to be effectively reused and reused over and over , is picking up footing . This advances a more economical plastic life cycle. Expansion of Chemical Reusing Chemical reusing advances that break down plastic squander into its base chemicals offer energizing conceivable outcomes for preparing blended plastic squander streams and making high quality reused materials. Collaboration Over the Esteem Chain Collaboration between government offices, squander administration companies, brand proprietors, and buyers is pivotal for making a strong and proficient plastic reusing biological system.
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.
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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
Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Plastic Recycling Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Plastic Recycling by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Plastic Recycling by Country/Region, 2019, 2023 & 2030
2.2 Plastic Recycling Segment by Type
2.2.1 PET
2.2.2 PP
2.2.3 HDPE
2.2.4 LDPE
2.2.5 Others
2.3 Plastic Recycling Sales by Type
2.3.1 Global Plastic Recycling Sales Market Share by Type (2019-2024)
2.3.2 Global Plastic Recycling Revenue and Market Share by Type (2019-2024)
2.3.3 Global Plastic Recycling Sale Price by Type (2019-2024)
2.4 Plastic Recycling Segment by Application
2.4.1 Packaging & Consumer Goods
2.4.2 Construction
2.4.3 Textile Fiber / Clothing
2.4.4 Landscaping/Street Furniture
2.4.5 Other Uses
2.5 Plastic Recycling Sales by Application
2.5.1 Global Plastic Recycling Sale Market Share by Application (2019-2024)
2.5.2 Global Plastic Recycling Revenue and Market Share by Application (2019-2024)
2.5.3 Global Plastic Recycling Sale Price by Application (2019-2024)
3 Global Plastic Recycling by Company
3.1 Global Plastic Recycling Breakdown Data by Company
3.1.1 Global Plastic Recycling Annual Sales by Company (2019-2024)
3.1.2 Global Plastic Recycling Sales Market Share by Company (2019-2024)
3.2 Global Plastic Recycling Annual Revenue by Company (2019-2024)
3.2.1 Global Plastic Recycling Revenue by Company (2019-2024)
3.2.2 Global Plastic Recycling Revenue Market Share by Company (2019-2024)
3.3 Global Plastic Recycling Sale Price by Company
3.4 Key Manufacturers Plastic Recycling Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Plastic Recycling Product Location Distribution
3.4.2 Players Plastic Recycling Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for Plastic Recycling by Geographic Region
4.1 World Historic Plastic Recycling Market Size by Geographic Region (2019-2024)
4.1.1 Global Plastic Recycling Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Plastic Recycling Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Plastic Recycling Market Size by Country/Region (2019-2024)
4.2.1 Global Plastic Recycling Annual Sales by Country/Region (2019-2024)
4.2.2 Global Plastic Recycling Annual Revenue by Country/Region (2019-2024)
4.3 Americas Plastic Recycling Sales Growth
4.4 APAC Plastic Recycling Sales Growth
4.5 Europe Plastic Recycling Sales Growth
4.6 Middle East & Africa Plastic Recycling Sales Growth
5 Americas
5.1 Americas Plastic Recycling Sales by Country
5.1.1 Americas Plastic Recycling Sales by Country (2019-2024)
5.1.2 Americas Plastic Recycling Revenue by Country (2019-2024)
5.2 Americas Plastic Recycling Sales by Type
5.3 Americas Plastic Recycling Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Plastic Recycling Sales by Region
6.1.1 APAC Plastic Recycling Sales by Region (2019-2024)
6.1.2 APAC Plastic Recycling Revenue by Region (2019-2024)
6.2 APAC Plastic Recycling Sales by Type
6.3 APAC Plastic Recycling Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Plastic Recycling by Country
7.1.1 Europe Plastic Recycling Sales by Country (2019-2024)
7.1.2 Europe Plastic Recycling Revenue by Country (2019-2024)
7.2 Europe Plastic Recycling Sales by Type
7.3 Europe Plastic Recycling Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Plastic Recycling by Country
8.1.1 Middle East & Africa Plastic Recycling Sales by Country (2019-2024)
8.1.2 Middle East & Africa Plastic Recycling Revenue by Country (2019-2024)
8.2 Middle East & Africa Plastic Recycling Sales by Type
8.3 Middle East & Africa Plastic Recycling Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Plastic Recycling
10.3 Manufacturing Process Analysis of Plastic Recycling
10.4 Industry Chain Structure of Plastic Recycling
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Plastic Recycling Distributors
11.3 Plastic Recycling Customer
12 World Forecast Review for Plastic Recycling by Geographic Region
12.1 Global Plastic Recycling Market Size Forecast by Region
12.1.1 Global Plastic Recycling Forecast by Region (2025-2030)
12.1.2 Global Plastic Recycling Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global Plastic Recycling Forecast by Type
12.7 Global Plastic Recycling Forecast by Application
13 Key Players Analysis
13.1 Indorama Ventures
13.1.1 Indorama Ventures Company Information
13.1.2 Indorama Ventures Plastic Recycling Product Portfolios and Specifications
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