Press release
Plastic Recycling Market 2019 Global Analysis, Opportunities And Forecast To 2025
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.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.
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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.
The global Plastic Recycling market is valued at 25600 million US$ in 2018 is expected to reach 41200 million US$ by the end of 2025, growing at a CAGR of 6.1% during 2019-2025.
This report focuses on Plastic Recycling volume and value at global level, regional level and company level. From a global perspective, this report represents overall Plastic Recycling market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
At company level, this report focuses on the production capacity, ex-factory price, revenue and market share for each manufacturer covered in this report.
The following manufacturers are covered:
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
Segment by Regions
North America
Europe
China
Japan
Segment by Type
PET
PP
HDPE
LDPE
Others
Segment by Application
Packaging & Consumer Goods
Construction
Textile Fiber / Clothing
Landscaping/Street Furniture
Other Uses
Access Full Comprehensive Industry Insights at: https://www.qyresearch.com/settlement/pre/47db0b326aa8fa2e14a8857708835f66,0,1,Global%20Plastic%20Recycling%20Market%20Size%252C%20Trends%252C%20and%20Forecast%202019
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