According to the latest report by IMARC Group, titled “Japan Recycled Plastics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” The Japan recycled plastics market is expected to exhibit moderate growth during 2021-2026.
Recycled plastics are the materials that are recovered and reprocessed from scarp materials. The scraps and pieces of plastic undergo sorting, washing, shredding, identification, classification and extrusion, before being turned into recycled plastic materials. Recycled plastics are manufactured from non-biodegradable plastic such as polyethylene terephthalate, high-density polyethylene, polypropylene, and low-density polyethylene. In Japan, recycled plastics is widely used to conserve resources, lower pollution levels, prevent greenhouse gas emissions, and reduce the dependence on landfills.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Market Trends:
The Japan recycled plastic market is primarily driven by the growing concern regarding the disposal of used plastics in oceans. In addition to this, the rapid industrialization and the increased focus on sustainability are positively influencing the market growth. Moreover, the Government of Japan is undertaking several initiatives to educate the people about the benefits of recycling single-use or virgin plastic materials. Furthermore, the increasing usage of recycled plastics in the food and beverage (F&B), healthcare, and packaging industries has also escalated the demand for recycled plastics to promote effective waste management. On account of these factors, the market is expected to provide a positive thrust to the market in the upcoming years.
Breakup by Plastic Type:
- Polyethylene Terephthalate (PET)
- High Density Polyethylene (HDPE)
- Polypropylene (PP)
- Low Density Polyethylene (LDPE)
- Others
Breakup by Raw Material:
- Plastic Bottles
- Plastic Films
- Rigid Plastic and Foam
- Fibres
- Others
Breakup by Application:
- Non-Food Contact Packaging
- Food Contact Packaging
- Construction
- Automotive
- Others
Breakup by Region:
- Kanto Region
- Kinki Region
- Central/ Chubu Region
- Kyushu-Okinawa Region
- Tohoku Region
- Chugoku Region
- Hokkaido Region
- Shikoku Region
Competitive Landscape:
The report has also analysed the competitive landscape of the market along with the profiles of the key players.
Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/japan-recycled-plastics-market
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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