openPR Logo
Press release

Plastic Recycling Market 2020 - COVID-19 Impact, Size, Opportunities, CAGR, Growth, Top Players like Seraphim, CarbonLITE, UltrePET, Envision and more - Forecast 2028

07-22-2020 05:39 PM CET | Logistics & Transport

Press release from: MRFR

Plastic Recycling Market 2020 - COVID-19 Impact, Size,

Summary

Plastic Recycling Market Statistics, 5.82% CAGR, Future Plans, Research Report and Market Forecast by 2028 : Global Plastic Recycling Market Information by Material (Polyethylene Terephthalate (PET), High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE), Polypropylene (PP) and others), Recycling Process (Mechanical and Chemical), Application (Packaging, Construction, Textile, Automotive and others) and Region (Americas, Europe, Asia-Pacific, Middle East & Africa) - Forecast to 2028

Plastic Recycling Market Overview

The upscaling need for plastic recycling is observed as a primary cause for the surge in its global market, reveals Market Research Future (MRFR), in its “Plastic Recycling Market” report.

The Global Plastic Recycling Market is expected to expand at 5.82% CAGR during the forecast period.

The enormous amount of plastic generated to provide packaging for grocery, retail, and other consumer goods, and lack of proper waste management are increasing the need for effective plastic recycling technologies. This is expected to generate scope for the market to grow. In Africa, the monster campaign for plastic recycling is observed as an excellent initiative to support plastic recycling. Hence, campaigns and promotions spreading awareness about the benefits of plastic recycling can cast a positive impact on the market. Governments, all over the globe, are taking initiatives to support plastic recycling. The UK Plastic Pact aims at eliminating one billion single use plastic products by 2020. It is also noted that China is now emphasizing on domestic plastic recycling.

Get Free Sample Pages @ https://www.marketresearchfuture.com/sample_request/2859

Key Players

MRFR’s list of players that are functioning in the Plastic Recycling Market includes;

Seraphim Plastics (US)

CarbonLITE Industries (US)

UltrePET, LLC (US)

Envision Plastics (US)

MBA Polymers Inc. (US)

Plastic Recycling Inc. (US)

Custom Polymers, Inc. (US)

KW Plastics, Inc. (US)

Industry Update

December 2019

Mattel, a American toy manufacturer, to produce all 100% recycled or bio-based plastic products by 2030.

Segmental Outline

The global Plastic Recycling Market is studied in segments to get a comprehensive understanding of it. The market is assessed by recycling process, material, and application. The material-based segments are; High-Density Polyethylene (HDPE), Polyethylene Terephthalate (PET), Polypropylene (PP), Low-Density Polyethylene (LDPE), and others. The Polyethylene terephthalate (PET) segment can exhibit rapid expansion due to features of PET. The thermoplastic PET has high-strength fibers, hence used extensively as a packaging material. The adoption of PET in the food and beverage sector is high. These factors are noted to cause high revenue generation for the global Plastic Recycling Market as PET can recycled easily.

Based on recycling process, the Plastic Recycling Market segments are; mechanical and chemical. Mechanical recycling processes are widely deployed. The availability of required equipment is supporting the deployment of mechanical process. Hence, the mechanical recycling process segment is expected to thrive at high CAGR in the review period.

By application, the market segments are; construction, packaging, automotive, textile, and others. Plastics are extensively used as packaging material. versatility and prolonged shelf life are features that are supporting the application of plastics as a packaging material. The packaging segment is likely to contribute largely to the growth of the Plastic Recycling Market due to its extensive utility, and need to prevent landfills.

Regional Outlook

The need for recycling plastics is surging across different regions. Hence, the global Plastic Recycling Market is expected to witness a rise in its valuation by the end of the forecast years. In Asia Pacific, the progress of the packaging industry is mostly driven by plastic applications. The large-scale application of plastics is observed to hurt the environment. Plastics are non-degradable and can lead to fatal health issues. Hence, the upscaling need for plastic recycling is expected to generate revenue of USD 16,952.4 million by 2028. The APAC Plastic Recycling Market is likely to thrive at about 6.58% CAGR in the review period. MRFR findings reveal, the Americas Plastic Recycling Market is expected to expands at 5.02% CAGR across the forecast period. In 2018, the Americas market was recorded at USD 5,937.5 million. The growing initiatives taken by governments in the region are likely to cause the escalation in the regional market valuation to USD 9,619.7 million by 2028. The market in the MEA region is expected to also experience improvement in its health in years to come.

Table Of Content

1 Executive Summary

2 Market Introduction

2.1 Definition 16

2.2 Scope Of The Study 16

2.3 List Of Assumptions 17

2.4 Market Structure 17

3 Research Methodology

3.1 Research Process 19

3.2 Primary Research 20

3.3 Secondary Research 21

3.4 Market Size Estimation 22

3.5 Forecast Model 22

4 Market Dynamics

4.1 Introduction 24

4.2 Drivers 24

4.2.1 Increasing Use Of Plastic In The Packaging Industry 24

4.2.2 Government Support For Recycling Plastic 26

4.2.3 Impact Of Plastic Disposal On The Environment 27

4.3 Restraint 27

4.3.1 Lack Of Awareness Regarding Recycling 27

4.4 Opportunities 27

4.4.1 Ban On Import Of Plastic Waste By Emerging Economies 27

4.4.2 Use Of Recycled Plastic In Various Industries 27

Continues…..

Access Full Report With TOC @ https://www.marketresearchfuture.com/reports/plastic-recycling-market-2859

Office No. 528, Amanora Chambers
Pune – 411028

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Plastic Recycling Market 2020 - COVID-19 Impact, Size, Opportunities, CAGR, Growth, Top Players like Seraphim, CarbonLITE, UltrePET, Envision and more - Forecast 2028 here

News-ID: 2095000 • Views: 426

More Releases from MRFR

Corrugated Packaging Market 2020 - Application, Industry Size, Opportunities, St …
Summary Global Corrugated Packaging Market Information, by Type (Rigid Boxes, Self-Erecting Boxes, Telescope Boxes, Slotted Boxes, and Others), by Wall Construction (Single-Wall, Double-Wall, and Triple-Wall), by Material (Linerboard, Medium, and Others), by Application (Food & Beverages, Electronic Goods, Pharmaceuticals, Personal Care, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)—Forecast till 2025 Corrugated Packaging Market Overview the global corrugated packaging market is expected to reach ~USD 250.9 billion
Molded Fiber Packaging Market 2020 - Outlook, Size, Trends, Value, Segments, Key …
Summary The sudden challenges created by the ongoing COVID-19 are captured effectively to exhibit the long term growth projections in the MRFR report on Molded Fiber Packaging Market. The growth sectors of the Molded Fiber Packaging Market are identified with precision for a better growth perspective. Molded Fiber Packaging Market Scope The molded fiber packaging market 2020 can potentially advance at a rate of 4.90% between 2017 and 2025 (forecast period), confirms Market
Beverage Cans Market 2020 - Application, COVID-19 Analysis, Size, Share, Growth, …
Summary Global Beverage Cans Market Information Report by Material (Aluminum and Steel), by Application (Carbonated Soft Drinks, Alcoholic Beverages, Fruit & Vegetable Juices and others) and By Region - Global Forecast To 2023 Beverage Cans Market Overview Beverage cans are largely used for packaging of different kind of alcoholic and non-alcoholic beverages, like CSD, energy drinks, juices, and beers. Beverage cans have a superior hermetic seal and good barrier against oxygen and sunlight,
Packaging Machinery Market 2020 - Global Size, 6% CAGR, Business strategies, Tre …
Summary Global Packaging Machinery Market Information by Type (Form Fill Seal, Labelling & Coding, Closing & Sealing, Wrapping & Bundling and others), by End–User (Food, Beverages, Pharmaceutical, Personal care, and others) And Region - Forecast To 2023 Packaging Machinery Market Overview Market Research Future (MRFR), asserts in its newly published research report, that the global Packaging Machinery Market is thriving and expected to grow exponentially by the end of the review period. MRFR

All 5 Releases


More Releases for Plastic

Recycled Plastic & Plastic Waste to Oil Market Scope Assessment 2025
Global Recycled Plastic & Plastic Waste to Oil Market : Snapshot The tremendously rising use of plastic has resulted in the generation of a massive amount of plastic waste across the globe. The level of plastic waste generation has grown significantly in developed economies worldwide. As a result, several leading players are focusing on innovative waste-conversation technologies, which is likely to help in reducing plastic waste in the next few years.
Plastic Pails (Plastic Bucket) Market Size and Analysis by Regions
MarketResearchReports.Biz adds “Global Plastic Pails (Plastic Bucket) Market Share, Size, Trends and Forecast Market Research Report” reports to its database. This report provides a strategic analysis of the Plastic Pails (Plastic Bucket) and the growth estimates for the forecasted period. A plastic pail is a type of container made from plastic that is employed in carrying out various applications ranging from construction, housing, shipping, to food and beverages. It is also
Yazheng Plastic Netting combined type plastic netting machine
Yazheng Plastic Netting developed combined type plastic netting machine.The combined type plastic netting machine can produce plastic deer fencing, anti bird netting, erosion control netting and plastic filtration netting. The combined type plastic netting machine is 30m long, it is be composed of polypropylene grinding miller, extruding machine, high temperature machine, stretch machine, rolled machine and cut machine. The horizontal thread and vertical thread of nettings that produced by
Recycled Plastic & Plastic Waste to Oil Market Forecast 2016 - 2024
The recycled plastic & plastic waste to oil market report by Transparency Market Research provides in-depth analysis of the recycled plastic & plastic waste to oil market globally. The report segments the market on the basis of plastic type, technology, end-fuel, and geography. The report analyzes the global recycled plastic & plastic waste to oil market in terms of revenue (US$ Mn) for the 2016–2024 period. For this research study,
Recycled Plastic & Plastic Waste to Oil - Technology Analysis 2024
On the basis of technology, the recycled plastic & plastic waste to oil market has been segmented into pyrolysis, gasification and synthesis, and catalytic depolymerization processes. Pyrolysis process is the most widely used technology for converting plastic into oil (fuel). Pyrolysis process is expected to continue to dominate the recycled plastic & plastic waste to oil market due to its lower CAPEX requirements as compared to other technologies. Catalytic depolymerization
Recycled Plastic & Plastic Waste to Oil Technology: Analysis 2016 - 2024
Transparency Market Research has released a new market report titled “Recycled Plastic & Plastic Waste to Oil Market - Global Industry Analysis, Size, Share, Growth Trends and Forecast, 2016 - 2024.”The report defines and segments the recycled plastic & plastic waste to oil market, providing analysis and forecasts of the global revenue. According to the report, the global recycled plastic & plastic waste to oil market stood at US$542.8 mn