Global Recycled Plastics Market, is projected to reach at USD 55.26 Billion by 2024 from USD 35.20 Billion in 2016, exhibiting a CAGR of 5.8% during 2016-2024
Rising consciousness for environmental protection among consumers is adding to the overall market growth of recycled plastics. However, the lack of awareness for recycled plastic products is the restraint that may hinder the growth of Global Recycled Plastics Market. The consumers in the global market of plastic recycling lack brand loyalty due to the presence of a large number of players in the international market boosting competition in global market. The industries are gradually finding new uses of recycled plastic for industrial purpose thereby providing new opportunities. Polyethylene terephthalate (PET) and high-density polyethylene (HDPE) are the major manufactured recycled plastic globally among all the other segments.
In Asia Pacific region mainly china, India along with other countries are focusing on manufacturing, reusing, reprocessing of plastic. Improvement in technology for sorting and processing of plastic is further contributing in the overall growth of plastic recycling globally. Multinational companies are playing a major role in promoting the use of recycled plastic bottles. One such example would be Coca Cola Company announced its intention to invest millions of pounds in its Lincolnshire manufacturing unit to ensure the use of 50% recycled plastic in all of its bottles. Smaller companies have also been inspired by this and a few have promised to use 100% recycled plastic bottles by 2020.
This may well fuel the Global Recycled Plastics Market in the medium term. Nestle Waters North America has begun to manufacture PET bottles from recycled plastic and these bottles are 100% recycled plastic thereby providing new growth opportunities for the Global Recycled Plastics Market.
Global Recycled Plastics Market1
Key Highlights:
• Plastic types.
• Recycle plastic types.
• Plastic recycling benefits.
• Market growth forecast.
• Methods of plastic recycling.
• PET and HDPE plastic.
• Technology to reuse plastic.
• Research on Flotation Technique of separating PET from plastic packaging wastes.
Research Methodology:
The research methodology used in the report involves various secondary sources such as World Economic Forum, Forbes, OECD Global Forum, Department of Polymers, National Research & Development Institute for Chemistry & Petrochemistry (ICECHIM), Institute of Scrap Recycling Industries (ISRI) Washington, Ellen MacArthur Foundation, and World Wildlife Fund (WWF). The Global Recycled Plastics Market is segmented geographically in United States, EU, Japan, China, India, and Southeast Asia. The new plastic economy, plastic recycling, recycling today, environmental-experts are some of the sites that are being referred to gain insights about Global Recycled Plastics Market. Experts from top manufacturing companies along with other stakeholders have been considered. This is done to validate and collect critical information for evaluating trends related to this market during the forecast period. Top-down and bottom-up approaches have been used to estimate the global and regional size of Global Recycled Plastics Market.
Data triangulation techniques along with other comparative analysis are also used to calculate the exact size of the Global Recycled Plastics Market.
Key Players Analysed in the Global Recycled Plastics Market-report:
• Custom Polymers Inc.
• Avangard Innovative
• Schoenberg & Co. Inc.
• Enval
• Sadako Technologies
• Delta Plastics
• UltrePET
• Advanced Environmental Recycling Technologies
• PolyPrime
• CarbonLite Industries
• ORBIS
• Marmax Products
• Greentech
• Kuusakoski Oy
• Plasgran Ltd.
• Envisison Plastics
• KW plastics
• Mohawk Industries Incorporated
• Worldwide Recycler Services
• Hahn Plastics
• OOTONE PLASTIC
• Ripro Corporation
• APR2 Plast
Key Target Audience:
• Plastic manufacturer
• Industries to adopt new technology of plastic recycling
• Local plastic manufacturer and recycler
• Government and Other Regulatory Bodies
• Research organization
Scope of the Global Recycled Plastics Market Report :
Global Recycled Plastics Market, By Source
• Rigid plastic
• Non-rigid plastic
Global Recycled Plastics Market, By Technique
• Feedstock or Chemical Recycling
• Hydrogenation
• Glycolysis
• Gasification
• Hydrolysis
• Pyrolysis
• Methanolysis
• Chemical depolymerization
• Thermal cracking
• Catalytic cracking and reforming
• Photodegradation
• Ultrasound degradation
• Degradation in microwave reactor
Global Recycled Plastics Market, By Material
• PET
• PP
• HDPE
• LDPE
• PS
• PVC
• Others (ABS, Nylon, Polycarbonate etc.)
Global Recycled Plastics Market, By Application:
• Packaging
• Automotive
• Construction
• Textile
• Others
Global Recycled Plastics Market, By Region:
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
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