Plastic Recycling Market Size 2018 By Global Key Players - PLASgran, UltrePET, Kuusakoski, Envision Plastics, KW Plastics, AERT, CarbonLITE and Green-O-Tech

Plastic Recycling Market Information by Material (Polyethylene Terephthalate (PET), High-Density Polyethylene (HDPE), Polypropylene (PP), Low-Density Polyethylene (LDPE) and Other), by Recycling Process (Mechanical, and Chemical), Application (Packaging, Construction, Automotive, and Other) and by Region - Forecast to 2023

Global plastic recycling market is projected to grow at a CAGR of 6.5% from 2017 to 2023, to reach the market size of USD 53.72 billion by the end of the forecast period.

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The major players in the plastic recycling industry globally are Kuusakoski Oy (Finland), MBA Polymers UK Ltd. (U.K.), UltrePET, LLC. (U.S.), CarbonLITE Industries (U.S.), Envision Plastics (U.S.),KW Plastics, Inc.U.S.), Custom Polymers, Inc. (U.S.), PLASgran Ltd. (U.K.), Advanced Environmental Recycling Technologies, Inc. (U.S.), and Green-O-Tech India (India).

Industry Updates:

April 2018 Scientists have recently discovered an enzyme that is able to "digest" plastic and revolutionalize recycling. The group of scientists at the US Department of Energy and University of Portsmouth has accidentally engineered the enzyme that quickly breaks down polyethylene terephthalate (PET) which is the commonly used rigid plastic commonly used to make drinks bottles. The teams were studying the structure of a bacteria that is naturally occurring which breaks down PET, when they accidentally engineered the new and more efficient enzyme. The enzyme could deliver a recycling solution for the ever-growing quantity of discarded plastics. The breakthrough could enable plastics to be recycled more competently in the future.

Global Plastic Recycling Market – Overview

The usage of plastic in the packaging sector especially has increased at a phenomenal pace in the past few years. Focused Market reports connected to the packaging & transport sector among others lately have been made available by Market Research Future which publishes a report on this sector. The industry is expected to display a CAGR of 6.5 percent while the market is expected to achieve revenues worth USD 53.72 billion by the end of the forecast period.

The ease of accessibility to plastic and their economical nature has boosted the growth of the market greatly in the past few years. The demand for recycling plastic products has gained significant momentum due to negative effects that it inflicts on the environment. The development of technology in the sector for plastic recycling will increase the expansion rate of the industry favorably in the forecast period.

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Industry Segments

The plastic recycling industry globally is divided on the basis of material, recycling process, application and region. The segment on the basis of Material which comprises of High-Density Polyethylene (HDPE), Polyethylene Terephthalate (PET), Low-Density Polyethylene (LDPE) Polypropylene (PP) and Others. On the basis of recycling process the segment is divided into Mechanical and Chemical. The application segment of the industry comprises of Packaging, Construction, Automotive, and Others. Lastly, the market comprises of regions such as North America, Europe, Asia Pacific and rest of the world.

Detailed Regional Analysis

The regional analysis of the plastic recycling includes regions such as Asia Pacific, North America, Europe and rest of the world. The Asia-Pacific region controls the plastic recycling industry globally followed by the European region. The accessibility to cheap labor and comparatively lenient governmental regulations in this region are effectively increasing the demand of plastic recycling. This region is anticipated to develop at a rapid pace during the forecast period. The European region is another key region that is estimated to contribute considerably during the forecast period mostly due to the rising awareness levels regarding environmental protection.

Global Competitive Analysis

Challengers in the market who are constantly delivering customer value have devised their corporate strategy blueprint in a manner that can bring about the best outcomes for development in the current scenario, while also concurrently enhancing their product’s value. The capability to fuel their competitive edge is one of the chief causes powering their efforts in this period. The opportunity for development in the industry appears to be encouraging through the forecast period. The escalating interest for diversification in the industry, has indirectly allowed the companies to utilize many scenarios available in the industry. This situation has created prospects for portfolio improvements along with diversification in the sector, which has enhanced the scenario for market competitors immensely in this industry. The firms in this industry are also trying to improve and preserve financial liquidity that can be vital to invest in growth prospects as and when they arise.

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Table Of Contents :

1 Executive Summary

2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model

3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis

4 Global Plastic Recycling Market, By Material
4.1 Polyethylene Terephthalate (PET)
4.2 High-Density Polyethylene (HDPE)
4.3 Polypropylene (PP)
4.4 Low-Density Polyethylene (LDPE)
4.5 Other

Continues...

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