Press release
Plastic Recycling Global Market - Size, Segmentation, Application and Compound Annual Growth Rate (CAGR) of 5.8%
Plastic Recycling
Recycled plastics are the plastics that made from post-consumer or post-industrial plastics instead of the virgin resin. The process of recycling used plastic from consumable products is an efficient means to reprocess the material into useful products. Many different products make great sources of recyclable material, including: soda bottles, plastic packaging, sheets and pellets. Recycled plastic is used to make many different types of products. The type of product that is made out of recycled plastic depends on the type of plastic resin. There are several different types of plastic resin used to make different products, such as PET, PP, HDPE and LDPE.
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Recycled plastics can be used in various fields, like Packaging, Consumer Goods, Construction, Textile Fiber / Clothing, Landscaping / Street Furniture, etc. Textile fiber / clothing is the largest application of recycled plastics with market share of 30.81% in 2017, since nearly 80% of RPET is used to produce fiber.
The market of recycled plastic is highly fragmented with a tail of manufacturers. As the largest production area of recycled plastics, there are more than 3000 companies supply recycled plastics. The market concentration in developed areas is higher comparatively. Leading suppliers in the worldwide are Clear Path Recycling, Clean Tech Incorporated, Mohawk Industries Incorporated, CarbonLite Industries, Envision Plastics Industries, Advanced Environmental Recycling Technologies Incorporated, Greentech and Veolia Polymers, which takes a combined share of less than 5% in 2017.
Over the next five years, Plastic Recycling will register a 5.8% CAGR in terms of revenue, reach US$ 36000 million by 2023, from US$ 25600 million in 2017.
To know about the assumptions considered for the study:
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Segmentation by product type:
PET
PP
HDPE
LDPE
Others
Segmentation by application:
Packaging & Consumer Goods
Construction
Textile fiber / clothing
Landscaping/Street furniture
Other Uses
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Segmentation by application:
IT
BFSI
Healthcare
Manufacturing
Retail
Government and Public Sector
Education
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea…And More
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Clear Path Recycling
Clean Tech Incorporated
Mohawk Industries Incorporated
CarbonLite Industries
Envision Plastics Industries
Advanced Environmental Recycling Technologies Incorporated
Evergreen Plastics
PolyQuest
Phoenix Technologies
Verdeco Recycling
Custom Polymers
KW plastics…And More
Get Detail Analysis on Table of Content and List of Figure
1 Scope of the Report
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Plastic Recycling Consumption 2013-2023
2.1.2 Plastic Recycling Consumption CAGR by Region
2.2 Plastic Recycling Segment by Type
2.2.1 PET
2.2.2 PP
2.2.3 HDPE
2.2.4 LDPE
2.2.5 Others
3 Global Plastic Recycling by Players
3.1 Global Plastic Recycling Sales Market Share by Players
3.1.1 Global Plastic Recycling Sales by Players (2016-2018)
3.1.2 Global Plastic Recycling Sales Market Share by Players (2016-2018)
3.2 Global Plastic Recycling Revenue Market Share by Players
TOC continue…
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