Press release
Recycled Plastic Market Rising Awareness for harmful Impact of Plastics Disposal for the Environment and Dominated by Top Players like Veolia, Jayplas, Green Line Polymers, Pet Processors LLC, Forecast to 2025
Recycled Plastic Market
Global Recycled Plastic Market is expected to reach USD 60.40 billion by 2025, from USD 36.69 billion in 2017 growing at a CAGR of 6.2% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Global Recycled Plastic Market - Industry Trends and Forecast to 2025” new report to its research database. The report spread No of Pages: 350 No of Figures: 60 No of Tables: 220 in it
Different factors such as expanding episodes of immune system issue, expanding government assistance, enhancing administrative structure, expanding computerization of research centers and rising subsidizing and repayment are persistently adding to the development of the Recycled Plastic Market
Key Market Competitors: Global Recycled Plastic Market
The key players operating in the recycled plastic market are –
• Veolia
• Jayplas
• B&B Plastics Inc.
• Green Line Polymers
• Pet Processors LLC
• Clear Path Recycling,
• Custom Polymers,
• Plastipak Holdings, Inc.
• MBA Polymers Inc.,
• Joe’s Plastics Inc.,
• RJM International Inc.,
• Ultra-Poly Corporation,
• Asia Plastic Recycling Holding Limited,
• Imerys, Envision Plastics,
• The University of New Mexico,
• Plasgran,
• K K Asia (HK) Ltd.,
• Pet Processors LLC,
• Cabka Group,
• Phoenix Technologies,
• Fresh Pak Corporation,
• REPLAS and many more.
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Market Definition: Global Recycled Plastic Market
Plastic is among the most popular material used in the modern world for packaging, automotive and other industrial use. However, it is also a huge problem and reason for which plastic should be recycled to protect the environment. Plastic recycling is the process of recovering different types of plastic material in order to reprocess into other products, unlike the original form. According to British Plastic Federation – plastic arising in the U.K. are 3.7 million tonnes out of which 32.0% is recycled and 70.0% recovered. The U.K. has a plastic packaging recycling target of 57.0% by 2020. The BPF and Plastics Europe with the support of WRAP are implementing the Plastics Industry Recycling Action Plan (PIRAP) to help meet this target. As per the Conversio report commissioned by Plastics Europe – All the EU countries in 2016 exceeded the EU minimum targets of 22.5% recycling. 26 countries recycled more than 30.0%, 15 countries even surpassed 40.0%. In 2014, Czechia ranked on the top with a recycling rate of 51.2% followed by Germany, Netherlands, Sweden, Ireland and Spain. This above factor proves that the environmental awareness among the people around the globe is increasing which will drive the demand for recycled plastic.
Market Segmentation: Global Recycled Plastic
By Source
• Foams
• Films
• Fibers
• Bottles
• Others
By Type
• Polystyrene
• Polyethylene
• Polypropylene
• Polyvinyl Chloride
• Polyethylene Terephthalate
• Others
By Application
• Textile
• Packaging
• Automotive
• Building & Construction
• Electrical & Electronics
• Others
By Geography
• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa
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Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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