Plastics Recycling Market Size, Key Factors, Major Players, Growth Strategies, Trends, Forecast

 The global plastics recycling market size was USD 38.52 Billion in 2021 and is expected to register a revenue CAGR of 15.7% during the forecast period, according to the latest analysis by Emergen Research. Increasing use of recycled plastic in packaging and automotive industries is a major factor driving market revenue growth. In addition, rising demand for advanced, innovative, and sustainable recycled plastic products, such as 3D printing plastic waste furniture, is driving revenue growth of the market. For example, a laboratory in Thessaloniki recycles plastic waste from Greek households to create urban furniture. Moreover, rising initiatives from governments of various countries are driving revenue growth of the market. In 2020, Plastics Recyclers in Europe identified over 650 recycling facilities across Europe, with 27 European countries including the UK, Norway, and Switzerland, among others. This corresponds with an installed capacity of approximately 9.6 million tons and an annual turnover of USD 8.26 billion.

The report is updated with the latest economic scenario and market scope with regard to the ongoing COVID-19 pandemic. The report covers growth prospects as well as current and futuristic revenue estimations in a post COVID scenario. The report also covers changing trends and market dynamics due to the pandemic and provides an accurate impact analysis of the crisis on the overall market. The pandemic has changed the economic scenario of the world and has affected several sectors of the market. The report estimates the market for Plastics Recycling according to the impact of COVID-19.

 

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 The leading market contenders listed in the report are:

Indorama Ventures Public Company Limited, Veolia, WM Intellectual Property Holdings, L.L.C., Unilever, Johnson Matthey, SUEZ, Republic Services, Inc., REMONDIS SE & Co. KG, Econic Technologies, The Shakti Plastic Industries, Biffa, Waste Connections, CLEAN HARBORS, INC., KW Plastics and KW Plastics Recycling Division, and B & B Plastics Inc

Key reasons to buy the Global Plastics Recycling Market report:

  1. The latest report comprehensively studies the global Plastics Recycling market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
  2. The report offers an insightful analysis of the regional outlook of the market.
  3. It offers a detailed account of the end-use applications of the products services offered by this industry.
  4. The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.

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 Market Segmentations of the Plastics Recycling Market

  • Product Type Outlook (Revenue, USD Billion; 2019–2030)

    • Polyethylene Terephthalate
    • Polyethylene
    • Polystyrene
    • Polyvinyl Chloride
    • Polypropylene
    • Others

  • Source Outlook (Revenue, USD Billion; 2019–2030)

    • Bottles
    • Films
    • Foams
    • Fibers
    • Others

  • End-Use Outlook (Revenue, USD Billion; 2019–2030)

    • Building & Construction
    • Automotive
    • Packaging
    • Textile
    • Electrical & Electronics
    • Others

 

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 Regional Outlook of the Plastics Recycling Market

The global Plastics Recycling market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East Africa. In this section, authors of the report have studied the presence of the global Plastics Recycling market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.

Key reasons to buy the Global Plastics Recycling Market report:

  1. The latest report comprehensively studies the global Plastics Recycling market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
  2. The report offers an insightful analysis of the regional outlook of the market.
  3. It offers a detailed account of the end-use applications of the products services offered by this industry.
  4. The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.

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About Emergen Research

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