Recycled Plastics Market

The global recycled plastics market foreseen to grow by 8.4% from USD 24.89 Billion in 2021 to USD 47.45 Billion in 2029. Chemical recycling process, growing awareness regarding energy savings and government responses, increasing use in packaging, automotive, and electrical & electronics industries is seen to propel the market growth over the forecast period. However, effects of downcycling, stringent competition from virgin plastics remains one of the factors to restraint the recycled plastics market.

Market Definition

What is Recycled Plastics?

Plastic recycling gathers waste plastic and reconverts them into new and valuable plastic products. Recycling plastic requires up to 88% less energy and less fossil fuel consumption than producing virgin plastic from scratch. The saved energy can help to create more recycled products.

Market Overview

The recycled plastics market search study helps to thoroughly understand the current trend in the market competitive analysis of the players in the emerging market. Moreover, the DRO in the recycled plastics market offers valuable perspicuity and a current scenario for making the right decision. The research study covers the eminent players in the market with a detailed analysis of the company and a financial overview containing their net sales, business mix and geographical reach It mainly focuses on the key developments of the products/services offered by the company in recent years. Besides, we at Zettabyte have the expertise to analyses the global recycled plastics market player's competitive landscape helping the client comprehend their specific strategic growth approaches.

Recycled plastics market study by "Zettabyte Analytics" offers details about the market scope, market segmentation, technological advancement in the recycled plastics market and highlights the optimistic, competitive landscape and trends enduring over the years.

Major players in the recycled plastics market alpek, B & B Plastics Recycling Inc, B.Schoenberg & Co., Biffa, Cabka, Clear Path Recycling, Custom Polymers, Envision Plastics, Far Eastern New Century Corporation, Fresh Pak Corporation, Imerys, Indorama Ventures Public Company Limited, Jayplas, KK Asia Pte Ltd, KW Plastics, MBA Polymers, Pet Processors Llc, Phoenix Technologies, Plasgran Ltd, Plastipak Holdings, Inc., Remondis Se & Co. KG, Republic Services, Inc., Stericycle, Inc., Suez, Ultra Poly Corporation, Veolia, Waste Connections

COVID-19 Impact on Global Recycled Plastics Market

The global impact of COVID-19 has lost millions of lives with a massive cost to the healthcare system. Moreover, the treatment cost for patients with COVID-19 has also had a financial impact globally. The impact of COVID-19 on the recycled plastics market has forced the companies to change their sourcing, pricing, and promotion strategies. The recycled plastics market players are seen focusing more on optimizing the E-commerce networks with the rising innovations in the digital sector, which are creating new business models for the chemicals and materials industry player.

Research Scope

The report provides market value for the base year 2021 and a yearly forecast from 2022 to 2029 in revenue (USD Million/ Billion). The market for each segment is present in North America, Europe, Asia Pacific, Latin America, Middle East & Africa, and the regional basis for the forecast mentioned above.

Key industry dynamics, regulatory scenarios, major material dynamics and recycled plastics market future markets are analyzed to understand their impact on demand for the forecast period. Growth rates have been estimated using correlation, regression and time-series analysis.

Market Segmentation

For the purpose of this report, the global recycled plastics market segmented on the basis of source, type, end-use industry, and region:

Source Outlook:

On the basis of source, the market is segmented into bottles, films, fibers, foams, others.

Figure 1 Recycled Plastics Market By Source (Market Size And Forecast By Value - USD Million, 2021 & 2029)