Development of Global Plastics Recycling Market | Insights & Key Company Profile – LyondellBasell, Geo-Tech Polymers

Researchmoz added Most up-to-date research on "Plastics Recycling: Global Markets Through 2023" to its huge collection of research reports.

The global market of post-consumer plastics recycling reached REDACTED in 2017. The market is created by recycling more than REDACTED of post-consumer plastics, which costs approximate REDACTED before processing. The average price of unprocessed post-consumer plastic waste was at approximately REDACTED in 2017.

Weight loss happens in waste plastic processing, reducing the total volume to REDACTED in 2017.The average price of recycled plastics sold to the end users was at REDACTED.

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In 2018, the global market will decline mainly due to Chinas ban on post-consumer plastics import. The Chinese market will go down by REDACTED in 2018, resulting in a global decline of REDACTED after being offset by growth from Europe, North America and Southeast Asia. Plastic collectors in Europe, North America and Japan have to turn their exports to Southeast Asia or process more domestically. There will, however, be many new opportunities in this big decline. The global market will re-grow and be back to the 2017 level by 2019. Future growth is expected to reach REDACTED by 2023.

There are two major sources of post-consumer plastics for recycling: non-durable products and durable products. Non-durable products are mostly plastic bottles, containers and films. Durable products include plastics used in electronics, carpet, automotive products, and other industrial and commercial products."

"Report Scope:

For the purposes of this report, the term recycling refers to the removal of products from the waste stream for uses not including incineration or energy recovery. Any secondary uses or reuse of the material is assumed to have already taken place. The term recovery is taken to include all disposal methods except land disposal (i.e., recycling, incineration, waste-to-energy [WTE]).

The term chemical recycling will be used to describe the return to chemical units originally used to make resins. Nylon can be depolymerized to caprolactam. The term feedstock recycling will be used to denote the process of decomposing plastics to a mix of organic chemicals, some used in the manufacture of plastics and some not. Feedstock recycling products are more akin to the raw materials used to produce plastics (e.g., petroleum, natural gas).

Mechanical recycling methods include those that involve physical modifications to the recovered plastic only, such as separation, grinding and classifying.

The report will be concerned with activities in four regions: North America, Europe, the Asia region and the Rest of the World (ROW). All figures are reported to the nearest million dollars or million or billion pounds. Growth rates given are compound annual growth rates (CAGRs) for the period from 2017 to 2023. All value figures noted are in constant 2017 U.S. dollars.

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Market values and volumes have specific measurements.

- Market values are measured at the level of plastic recycled, such as the values of recycled resin pellets.
- The market volumes by end use or application are measured at the levels of both the amount of plastic available for recycling and the amount of plastic that is recycled.
- The market volumes by sources of waste (e.g., bottles, films.) are measured at the level of the amount of plastic available for recycling.
- The market volume is segmented by resin types of waste (e.g., PET, PE.) and measured at the level of the amount of plastic available for recycling.

Report Includes:

- 96 data tables
- An overview of the global markets for plastic recycling
- Analyses of global market trends, with data from 2017, 2018, and projections of compound annual growth rates (CAGRs) through 2023
- Discussion on the history and current state of plastic recycling market, and future trends
- Insight into the government regulations and targets of the plastic recycling industry
- Company profiles of the industry including JK Plastics Pty. Ltd., PET Recycling Company (PETCO), LyondellBasell, Geo-Tech Polymers, Phoenix Technologies International, LLC and MBA Polymers Inc."

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