The global Recyclable Plastics Market size is expected to reach USD 67.42 Billion in 2028 and register a revenue CAGR of 5.5% over the forecast period, according to a latest report by Reports and Data. Increasing negative effects of plastic disposal on the environment, and rising number of initiatives by governments of various countries globally to promote use of recyclable plastics are factors expected to drive market revenue growth during the forecast period. Increasing number of product applications in electrical electronics industry are also expected to boost revenue growth of the market.
The report also examines the financial standing of leading companies in detail, which consists of market position, gross profit, overall revenue, sales volume, manufacturing, growth rate, and other vital facts figures. It profiles the leading companies in the Recyclable Plastics market to derive market positions, and strengths and weaknesses of established competitors and new entrants by utilizing analytical tools like SWOT Analysis and Porter’s Five Forces Analysis. The study also highlights production capacity, consumer base, value, volume, product offerings, upstream suppliers, downstream buyers, market concentration rate, and leading regions to give an exhaustive evaluation of the global landscape.
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Key Players:
Major companies profiled in the global market report include Suez Recycling Recovery Holdings Pty Limited, B. Schoenberg Co., Inc., CarbonLite Industries LLC, Veolia Environnement S.A., Jayplas, Clear Path Recycling, LLC, Avangard Innovative LP, Ultrepet LLC, Kw Plastics, Inc., and Biffa plc.
Some Key Highlights in the Report
- Polypropylene (PP) segment is expected to account for largest market share in the global recyclable plastics market during 2021-2028. Polypropylene components are fatigue resistant, which is advantageous in the construction sector for making plastic hinges, pipelines, consumer-grade daily-use items, manufacturing carpets, and mats and rugs among many other things. Demand for recycled polypropylene is expected to be driven by increasing usage in automotive, packaging, and construction industries.
- High-density Polyethylene (HDPE) segment is expected to register a significantly steady revenue growth over the forecast period. Different sorts of bottles and containers are made from HDPE. Unpigmented bottles are transparent, have high barrier qualities, and are rigid, making them ideal for packing items with a short shelf life.
- The recyclable plastics market in North America is expected to account for largest revenue share in the global market over the forecast period due to robust presence of major market players such as B. Schoenberg Co., Inc., Kw Plastics, Inc., Avangard Innovative LP, and Clear Path Recycling, LLC in countries in the region.
- In September 2020, for all of the Buxton water bottles, Nestlé UK has collaborated with waste management company Biffa to secure 100.0% recycled plastic. The partnership will benefit both parties by increasing the ability to recycle PET.
Market Segments:
For the purpose of this report, Reports and Data has segmented the global recyclable plastics market based on type, source, recycling processes, application, and region:
Type Outlook (Revenue, USD Billion, Volume, Kilotons; 2018-2028)
- Polyethylene Terephthalate (PET)
- Polyethylene (PE)
- Low-density Polyethylene (LDPE)
- High-density Polyethylene (HDPE)
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
- Polystyrene (PS)
- Others
Source Outlook (Revenue, USD Billion, Volume, Kilotons; 2018-2028)
- Plastic Films
- Plastic Bottles
- Polymer Foam
- Synthetic Fibers
- Others
Recycling Processes Outlook (Revenue, USD Billion, Volume, Kilotons; 2018-2028)
- Mechanical Recycling
- Chemical Recycling
Application Outlook (Revenue, USD Billion, Volume, Kilotons; 2018-2028)
- Packaging
- Building Construction
- Textiles
- Electrical Electronics
- Automotive
- Others
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Regional Outlook (Revenue, USD Billion, Volume, Kilotons; 2018-2028)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa
Objective of Studies:
- To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the global Recyclable Plastics market.
- To provide insights about factors affecting the market growth. To analyze the Recyclable Plastics market based on various factors- price analysis, supply chain analysis, Porte five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, Latin America and Rest of the World.
- To provide country level analysis of the market with respect to the current market size and future prospective.
- To provide country level analysis of the market for segment by application, product type and sub-segments.
- To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market.
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Recyclable Plastics market.
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