Key Players
MRFR’s list of players that are functioning in the Plastic Recycling Industry includes;
Seraphim Plastics (US)
CarbonLITE Industries (US)
UltrePET, LLC (US)
Envision Plastics (US)
MBA Polymers Inc. (US)
Plastic Recycling Inc. (US)
Custom Polymers, Inc. (US)
KW Plastics, Inc. (US)
Industry Update
December 2019
Mattel, a American toy manufacturer, to produce all 100% recycled or bio-based plastic products by 2030.
Plastic Recycling Market Segmental Outline
The global Plastic Recycling Industry is studied in segments to get a comprehensive understanding of it. The market is assessed by recycling process, material, and application. The material-based segments are; High-Density Polyethylene (HDPE), Polyethylene Terephthalate (PET), Polypropylene (PP), Low-Density Polyethylene (LDPE), and others. The Polyethylene terephthalate (PET) segment can exhibit rapid expansion due to features of PET. The thermoplastic PET has high-strength fibers, hence used extensively as a packaging material. The adoption of PET in the food and beverage sector is high. These factors are noted to cause high revenue generation for the global Plastic Recycling Industry as PET can recycled easily.
Based on recycling process, the Plastic Recycling Market segments are; mechanical and chemical. Mechanical recycling processes are widely deployed. The availability of required equipment is supporting the deployment of mechanical process. Hence, the mechanical recycling process segment is expected to thrive at high CAGR in the review period.
Regional Outlook
The need for recycling plastics is surging across different regions. Hence, the global Plastic Recycling Industry is expected to witness a rise in its valuation by the end of the forecast years. In Asia Pacific, the progress of the packaging industry is mostly driven by plastic applications. The large-scale application of plastics is observed to hurt the environment. Plastics are non-degradable and can lead to fatal health issues. Hence, the upscaling need for plastic recycling is expected to generate revenue of USD 16,952.4 million by 2028. The APAC Plastic Recycling Industry is likely to thrive at about 6.58% CAGR in the review period. MRFR findings reveal, the Americas Plastic Recycling Industry is expected to expands at 5.02% CAGR across the forecast period. In 2018, the Americas market was recorded at USD 5,937.5 million. The growing initiatives taken by governments in the region are likely to cause the escalation in the regional market valuation to USD 9,619.7 million by 2028. The market in the MEA region is expected to also experience improvement in its health in years to come.
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
The global recycled plastic market size is expected to witness significant growth backed by increasing demand from the packaging industry.
Fortune Business Insights, in its latest report, titled “Recycled Plastic Market Size, Share & Industry Analysis, By Type (Polyethylene Terephthalate, High-density Polyethylene, Polypropylene, Low-density Polyethylene, and Others), By Application (Non-Food Packaging, Food Packaging, Construction, Automotive, and Others), and Regional Forecast, 2019-2026.”, predicts that the market is likely to hit USD 72.6 billion by 2026 while exhibiting a CAGR of 8.55% between 2019 and 2026.
Plastic is harmful to the environment in many ways and since most of the plastic material is non-biodegradable, it is important to find a solution to reduce the rampant production of plastic across the globe.
A holistic approach to adopt recycled plastic from the end user industries will ensure the safety of the environment.
Schoenberg & Co.Fresh Pak CorporationB PlasticsGreen Line PolymersUltra Poly CorporationClear Path RecyclingJayplasMBA PolymersRJM International Inc.CarbonLite Industries LLCEnvision Plastics Industries LLCReVital PolymersOther Players What does the Market Report Offer?The market report offers an exhaustive study of several factors such as drivers, restraints, challenges, and opportunities that will affect the growth of the market in the forthcoming years.
The report covers regional demographics that include qualitative and quantitative information about the regions that are further divided into nations that are contributing to the growth of the market between 2019 and 2026.
Markets are assessed supported two segments by type and application, covering essential statistics and details for current and future market scenarios.
The report actively includes informational aspects associated with development , launches and trends, helping market doctors, shareholders and investors to form strategic decisions.Key Player Mentioned: ExxonMobil, Dow Chemical, Chevron Phillips, Ineos, Formosa Plastics, Westlake, Bayport Polymers (Total)Request Sample Copy @t: https://introspectivemarketresearch.com/request-samples.php?_id=4&_sid=2511The research methodology that analysts use to review the present situation within the market and predict the longer term begins with the gathering of valuable information on various categories.
The report states that readers know precisely the major role they play within the global High-density Polyethylene (HDPE) Market.
Industry standard tools like SWOT analysis are wont to measure the strengths, weaknesses, opportunities and limitations of this market.Product Segment Analysis: Blow Molding, Injection Molding, Extrusion MoldingApplication Segment Analysis: Wire and Cable Insulations, Health Care, Consumer Goods, Municipal, Industrial, UnderwaterRegional Segment Analysis: USA, Europe, Japan, China, India, South East AsiaThis study suggests valuable information about the High-density Polyethylene (HDPE) market, showing how it will grow during the forecast period until 2027.
Value chain and supply chain analysis are key indicators of market growth and are discussed in the report.
Ask For Discount @t: https://introspectivemarketresearch.com/ask-for-discount.php?_id=4&_sid=2511This research report provides effective statistical data named because the High-density Polyethylene (HDPE) Market.
