As per the industry analyst or market experts the global plastic recycling market size was valued at USD 34.80 Billion in 2016 and is projected to cross at xx. XX Billion over the period between 2016 and 2025 will witness measurable CAGR 6.4% in coming years. Due to growing population continues, increasing industrialization, raising emerging economies etc. their potential use of plastic for packaging, cleaning, and machinery fitting these factors rise plastic waste which is counted large portion of total waste made on everyday theses major factors drive market growth during the forecast period. Additionally major developing countries doing research and development activities for decompose plastic waste is gaining beneficial for grow of industry in coming years. 

Global Plastics Recycling Market Growth Opportunities (Revenue, Growth) By 2017-2025

Plastic Recycling is the method to converted waste plastic or scrap plastics into functional materials some time that are in different from their original states. These plastics are major help to reduce global pollution. Based on type, in 2017 polyethylene terephyhalate was the largest segment and is expected to contribute highest growth in coming years due to easy collection in form of bottles and esay why to recycling process.  Other segment such as high-density polyethylene (HDPE), polypropylene (PP), polyethylene terephthalate (PET), low-density polyethylene (LDPE), polystyrene (PS), polyvinyl chloride (PVC), acrylonitrile butadiene styrene (ABS), nylon, and polycarbonate are also contribute major demand form end-user sectors like packaging, construction, automotive, textile, consumer goods, and industrial.

This Global analysis offers in-depth insights, revenue details, and other vital information regarding the global plastic recycling market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global plastic recycling market report has been segmented on the basis of type, application, and region.

Market Segment

In 2015, Global Plastic Recycling Market is valued US$31.5 billion and is estimated to significant growth during the forecast period owing to the growing awareness regarding use of recycled plastic, government support for reuse plastic as well endues application have heavy demand for recycled plastic which is boosting the industry demand and growth overall the market forecast. Low cast one of the major reasons to use in industries such as packaging, automotive, electrical & electronics, and textiles will further accelerate the growth of the recycled plastics market.

On the basis of application types the industry is bifurcated into packaging, construction, automotive, textile, consumer goods, and industrial. The packaging segment is anticipated to generate high demand for recycled plastic due to generating most plastic waste form this industry, adopt environment-friendly processes, and it is easy to reuse same industry plastic waste that are the major factors will drive the industry growth in the forecasted period. Growing notable growth rate from construction segment owing to increasing demand in the overall market during the forecast period.

The raising difficulties in disposal of virgin plastics is major concern to influence industry growth, the tight government policies for plastic use and production another factor is harm the growth of the industry during analysis timeline. Growing awareness regarding environment, international pressure on emerging economies for reduce carbon emission which factors will slowdown growth of market. Growing awareness about reuse plastic, manufacture decomposable plastic, demand from end use application this type of plastic are projected to positive sign of market for recycled plastics, recycled plastics would be used in various sectors. That can be me plastic bottles, bin liners, carrier bags, fiber filling for sleeping bags and duvets, office accessories, drainage pipes, ducting and flooring, fleeces, seed trays, garden sheds, compost bins, fences, and furniture.

Regional Analysis

On the basis of regions, the report analysis the market for regions such as Asia Pacific, North America, Europe, Latin America, and Middle East and Africa. In 2017, Asia Pacific market was valued to be the fastest grow market for plastic recycling. Due to growing awareness regarding environment, flourishing manufacturing sector, labor availability, low cost and increasing consumer demand are projected to drive the market in the region. Same time new startup going to invest new capital in this industry as well government taking imitative for cleaning plastic waste are some of the reasons which is positive outlook to plastic recycling market. China market is projected to contribute nearly by 50% shares the end of this forecast period. In the region some of most emerging economies contributing major share that countries are India, China, Japan, Malaysia, Thailand and Australia etc.  

Global Plastics Recycling Market Size, Share Analysis By Region 2017

The Europe is the second largest growing market for plastic recycling in the next five years due to the tight policies regarding the reuse of recycling plastics. Recent years the region increased capacity of plastic recycling as well promoting new subsidies for new investment in this sectors which are the exhibit a promising pace of expansion over the forecast period. Additionally growing awareness regarding environment protection and need to recycle plastic for future green earth initiative taken by EU.  

Global Plastics Recycling Market Study Objective

1. To forecast the market size of plastics recycling market, along with describing and defining the market, in terms of volume and revenue.

2. Market analysis and forecast of plastics recycling market on the basis of region, substrate and application or end-use industry.

3. To analyze and elaborate significant factors that will have major impact on the growth of plastics recycling market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of plastics recycling market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the plastics recycling market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

7. Analysis of market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

8. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

Bottom-up and top-down are two main approaches that were taken into account to anticipate and validate the market size of plastics recycling market, and to reach the anticipated market size of several dependent submarkets. The research and study involved massive utilization of secondary data sources, several directories, private and government websites, and authentic databases, to collect or gather market-oriented as well as technical information for the study of plastics recycling market commercially.

Key Players

The Major regional as well global key players includes KW plastics, Kuusakoski Oy, Envisison Plastics, and Plasgran Ltd. Veolia, Suez, KW Plastics, Jayplas, B. Schoenberg & Co., B&B Plastics, Green Line Polymers, Clear Path Recycling, Custom Polymers, and Plastipak Holdings . These players are the major recycled plastics manufacturers and are gaining a strong foothold in the market through the strategies of expansions and joint ventures.

Global Plastics Recycling Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast.

The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.