Published: 31-Jan-2020 | Published By: Market Research Store
The published report on “Global Recycled Plastics Market – ByType (Polyethylene terephthalate (PET), Polyethylene (PE), Polypropylene (PP), Polystyrene (PS), and Poly Vinyl Chloride (PVC)), By Application (Construction, Packaging, Electricals, Landscaping/Street Furniture, Textile Fiber/Clothing, and Others), and By Regions: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025.” exhibits the escalating demand for global Recycled Plastics market in 2018 was approximately USD 40 Billion. It is anticipated to reach around USD 67 Billion by 2025 with a CAGR of around 7%.
Browse Full Report 125 Market Data Tables and 46 Figures spread through 125 Pages and in-depth TOC on "Recycled Plastics Market (Manufacturing, Aviation & Transportation, Food Processing, Science & Technology), Region - Global Forecast to 2025" View detailed Table of Content here - https://www.marketresearchstore.com/report/global-recycled-plastics-market-report-2019-468535
The reused waste plastic products are used to manufacture resins that are nothing but recycled plastics. The recovered plastic scraps and wastes are used to produce resins which are then reprocessed into useful products. The cleaning, cataloging, and processing of pre-consumer and post-consumer plastic wastes into resins will help increase its scope of utilization in myriad applications. Recycling is the only way of disposing plastics as most of the plastics are non-biodegradable in nature. The wide range use of plastics has doubled the number of plastic scraps and the raw materials for processing & recycling plastics.
With the growing awareness about environmental concerns, there is a huge growth in the demand for the global Recycled Plastics market.In addition to this, the increasing requirement for agenda to conserve energy and increasing versatility in applications are the other factors likely to help propel the overall growth of the Recycled Plastics market.The versatility of the applications of resins manufactured from plastic wastes makes it an attractive option. The use of these resins in various industries such as building& construction, packaging, electronics &electrical, furniture, automotive, textiles,etc. will further boost the market growth.
Furthermore, the recycled plastics are putting up a tough competition with the virgin plastics in terms of quality and manufacturing processes, which is anticipated to surge the global Recycled Plastics market growth. In addition to this, the increasing cognizance and the imperishablenature of virgin plastics are expected to profit theRecycled Plastics market. The alterations in the stringent regulatory requirements along with the growing consumer preferences across the globe are expected to drive the growth of the Recycled Plastics market.The technological innovations in the processing plastic wastes will further supplement the market growth.
Polyethylene terephthalate (PET) type accounts for the largest market share and is expected to continue growing over the forecast period.The beverage consumer brands including PepsiCo and Coca-Cola are taking initiatives to synchronize with recyclers throughdeveloping collection & sorting channels and also creating demand for recycled PET. Thus, the demand for PET will, successively, drive the global Recycled Plastics market.
Asia Pacific has been leading the market since 2018. Owing to the abundance of cheap labor and resources, this region has a booming manufacturing sector which is anticipated to continue growing at a faster rate.Likewise, China’s abundance of resources makes it one of the largest manufacturers of recycled plastics.
Some of the key players in the global Recycled Plastics market includeClear Path Recycling, Envision Plastics Industries, APR2 Plast, Greentech, Clean Tech Incorporated, CarbonLite Industries, Ripro Corporation, Mohawk Industries Incorporated, Advanced Environmental Recycling Technologies Incorporated, Veolia Polymers, PLASgran, Jiangsu Zhongsheng,Hahn Plastics, Luxus, OOTONE PLASTIC, Visy, CeDo, Wellpine Plastic Industrial, Shandong Power Plastic, Intco,Suzhou Jiulong Recy & Tech, Fuqing Topway Plastics Industrial, and Da Fon Environmental Technology.
The global Recycled Plastics market is segmented into:
Global Recycled Plastics Market: ByType
- ·Polyethylene terephthalate (PET)
- ·Polyethylene (PE)
- oHigh Density Polyethylene (HDPE)
- oLow Density Polyethylene (LDPE)
- ·Polypropylene (PP)
- ·Polystyrene (PS)
- ·Poly Vinyl Chloride (PVC)
Global Recycled Plastics Market: ByApplication
- ·Textile Fiber/Clothing
- ·Landscaping/Street Furniture
Global Recycled Plastics Market: By Regions
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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