The Global Recycled Plastic Market Size was valued at around USD 35,230 million in the year 2017, and it is anticipated grow at CAGR of 6.20% during the assessment period of 2017-2025. Asia Pacific emerged as the global leader in the recycled plastic and has acquired largest market share in 2017.

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

Plastic recycling is the process of collecting water plastic and recovering or reprocessing the material useful products. Plastic is non-biodegradable which leads to the deposition of millions of tons of plastic waste each year in the ocean. Hence, recycling is an integral part of plastic industry. Prior to recycling plastic is sorted as per the respective resin type and recycled with the help of the several recycling method. Some of the prominent plastic recycling method includes thermal depolymerization, heat compression, and others. Commonly collected waste plastic products for recycling are bottles, packaging, plastic lids and caps, pots, tubs and trays, and carrier bags and films.

Market Dynamics

The global Recycled Plastic market was valued at around USD 35,230 million in the year 2017, and it is anticipated grow at CAGR of 6.20% during the assessment period of 2017-2025. Non biodegradable nature of the plastic resulting into deposition of millions of tons of the plastic products deposits into ocean every year by damaging the ocean life cycle. This is creates the need for plastic recycling by promoting the growth of this region. Constantly growing plastic consumption across the globe due to high demand from various industry vertical such as construction, automotive, tactile, packaging, consumer goods and others fueling the plastic waste. This in turn is widening the scope for plastic recycling.

Negative environmental impact of plastic disposal, growing awareness regarding energy saving, and growing use of plastic in the various end use industries due to its cost effectiveness and light nature are the other factors supporting the growth for plastic recycling market. Driven by these factors the growth of this market restrained by high competition from virgin plastic. Some of the challenges anticipated in this market during the next few years are ban on imports of waste or scrap plastics in china, and difficulty in collection of raw materials.

Segment Insights  

The global Recycled Plastic market is segmented into source, type, end user, and region. Based on source the market is segmented into bottles, films, fibers, foams. Plastic bottles expected to be the most promising segment over other suggests due to high demand for bolted water and its cost effective nature.  On the basis of type, the market is segmented into polyethylene terephthalate, polyethylene, polypropylene, polyvinyl chloride, polystyrene, and others. Based on the end use industries the global market is segmented into packaging, building & construction, textiles, automotive, electrical & electronics, and others. Packaging, automotive, and construction end use industries is the most promising consumer of recycled plastic products.

Regional Analysis

The global recycled plastic market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players.  Asia Pacific emerged as the global leader in the recycled plastic and has acquired largest market share in 2017. This is due to presence of established plastic consuming use industry such as construction, packaging, and automotive. Factors such as high population growth in this region, largest automotive production and sales, as well as expanding construction industry are fueling the demand for recycled plastic products. North America expected to be the second largest market and it is anticipated to experience strong growth over the forecast period. Growth in construction repair activities and rise in the single residence families re driving the consumption of plastic by offering the scope for plastic recycling.   

Global Recycled Plastic Market Size, Share Analysis By Region 2017

Global Recycled Plastic Market Study Objective

1. To forecast the market size of recycled plastic market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of recycled plastic market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

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

4. Regional analysis of recycled plastic 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 recycled plastic market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players landscape

Major players analyzed and profiled in the global Recycled Plastics market include MBA Polymers, Joe’s Plastics Inc., RJM International Inc., Ultra Poly Corporation, Asia Plastic Recycling Holding Limited, Imerys Sa, Envision Plastics,UNM International Limited, Plasgran, KK Asia Pte Ltd..

Global Recycled Plastic 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.