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.
Table of Contents
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 global Plastics Recycling market witnesses the significant presence of a large number of companies performing consistently to achieve optimal market growth. The current market standing of these companies, their past performances, the demand & supply graphs, sales network, production & consumption patterns, and distribution channels have been extensively discussed in this report. Furthermore, the report points out the effective business approaches undertaken by the market players to enhance their product portfolios and prosper considerably.
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Key Players operating in the industry 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
Radical Features of the Plastics Recycling Market Report:
- An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
- The report encompasses Plastics Recycling market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
- Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
- Supply chain analysis along with technological advancements offered in the report
- The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Plastics Recycling industry
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Segmentation:
-
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
Regional Analysis Covers:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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