Global Recycled Plastics Market Research Report 2022-2027

The latest research study “Recycled Plastics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global recycled plastics market size reached US$ 37.75 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 51.15 Billion by 2027, exhibiting at a CAGR of 5.09% during 2022-2027.

Covid-19 Impact:

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.

The practise of reusing and recovering plastic trash into usable and valuable items is known as plastic recycling. Before being recycled, plastic products go through a series of stages that include collecting, sorting, washing, shredding, classifying, and extruding. End users are increasingly preferring recycled plastics because they reduce waste generated and disposed of at landfill sites while lowering greenhouse gas emissions.

Global Recycled Plastics Market Trends:

The increased awareness of the negative and toxic consequences of plastic waste on both the environment and human health is driving the worldwide recycled plastics industry. Plastic is widely employed in the building, food packaging, and automobile industries as a result of rapid industrialization and population growth. As a result, governments in a number of countries are enacting laws and regulations to reduce waste generation and stimulate the recycling of plastic waste, encouraging end users to progressively switch to recycled plastics. They’re also making it easier to dispose waste in a systematic way by promoting environmentally friendly plastic disposal options.

Moreover, various organizations are shifting from virgin to recycled plastics to reduce their carbon footprints. Furthermore, technological innovations, such as the adoption of artificial intelligence (AI) for sorting plastic waste, are positively impacting the market growth.

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.

Competitive Landscape

The competitive landscape of the market has been examined in the report.

Avangard Innovative, Veolia Environnement S.A. (VEOEY), Suez Recycling & Recovery Holdings, KW Plastics, B. Schoenberg & Co. Inc., Delta Plastics, CarbonLITE Industries, and UltrPET LLC.

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Market Summary:

  • Based on the plastic type, the market has been divided into high-density polyethylene (HDPE), polyethylene terephthalate (PET), polypropylene (PP), low-density polyethylene (LDPE) and others. Among these, polyethylene terephthalate (PET) is the most popular type of recycled plastic.
  • On the basis of the raw material, the market has been classified into plastic bottles, fibers, plastic films, rigid plastic and foam, and others. Plastic bottles currently account for the majority of the total market share.
  • The market has been segregated based on the application into construction, non-food contact packaging, automotive, food contact packaging and others. Currently, recycled plastics are mostly used for non-food contact packaging.
  • Region-wise, Asia Pacific represents the leading market. Other regions include Latin America, Europe, North America, and Middle East and Africa.

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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