Recycled Plastics Market 2021 Global Insights and Business Scenario – Clear Path Recycling, CeDo, Clean Tech Incorporated, CarbonLite Industries, Envision Plastics Industries, Mohawk Industries Incorporated, Veolia Polymers, Advanced Environmental Recyc

The Recycled Plastics market report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, and challenges in the global Recycled Plastics market. This study focuses on the latest events such as first-hand information, qualitative and quantitative assessment and their consequences on the Market. Moreover, this report has also covered global and regional market size and share of the online and offline distribution channels.

According to this study, over the next five years the Recycled Plastics market will register a -2.6%% CAGR in terms of revenue, the global market size will reach $ 16790 million by 2025, from $ 18660 million in 2019.

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Top Leading Companies of Global Recycled Plastics Marker Market are Clear Path Recycling, CeDo, Clean Tech Incorporated, CarbonLite Industries, Envision Plastics Industries, Mohawk Industries Incorporated, Veolia Polymers, Advanced Environmental Recycling Technologies Incorporated, Hahn Plastics, Greentech, OOTONE PLASTIC, Fuqing Topway Plastics Industrial, Wellpine Plastic Industical, PLASgran, Visy, Luxus, Intco, Ripro Corporation, APR2 Plast and others.

Industry News and updates:

CarbonLite targets Florida for $80M bottle-to-bottle recycled PET plant- Plastics News

Nashville, Tenn. — CarbonLite Industries LLC, one of the largest makers of food-grade post-consumer PET resin, is investing $80 million in a new plant in Florida to meet increasing demand for recycled content plastic from major beverage companies.
The facility near Orlando would be the company’s fourth in the United States, joining current factories in Riverside, Calif., and Dallas as well as a third plant near Reading, Pa., that should be fully operational in March, said Chairman Leon Farahnik.

CarbonLite plans fourth PET recycling facility

February 26, 2020: A PET bottle reclaimer will construct an $80 million plant in Florida. The project is in its early stages. CarbonLite Recycling is planning to open a PET recycling operation near Orlando, Fla. by the end of next year, giving the company four processing sites across the U.S. Plastics News first reported on the facility’s development, which comes as CarbonLite is starting up its third facility in Pennsylvania.
In an interview with Plastics Recycling Update, CarbonLite CEO Leon Farahnik said the company chose Florida because the reclaimer sees strong demand from its customers in that area. CarbonLite supplies major bottling operations including Nestle Waters North America and Niagara Bottling. Niagara this month announced it is planning a bottling plant in Florence, S.C. Farahnik noted the Florida project will be similar to the company’s previous plants. It will cost between $70 million and $80 million to build and will process up to 80 million pounds of PET per year, he said. To produce that much RPET, the facility will source 100 million or more pounds of post-consumer PET from the surrounding region.

Sourcing for the Florida facility could be a different story than in other regions where CarbonLite operates because the Southeast U.S. is already home to numerous plastics processing facilities.

CarbonLITE begins production at world's largest standalone bottle-to-bottle recycling facility

October 20, 2020: CarbonLITE has begun production at its Reading, PA plant, the largest standalone bottle-to-bottle recycling facility in the world. The plant will eventually process 140 million pounds of post-consumer PET annually, enough to process 2.5 billion rPET bottles.

The $80 million, 270,000 square-foot Reading plant, about 30 miles from Allentown in Eastern Pennsylvania, is outfitted with advanced robotic systems. It will ultimately generate 90 million pounds of food-grade rPET pellets each year.
"Even with the pandemic and this spring's constraints on recycling and industrial supply chains, we pushed forward so that we can help our customers expeditiously fulfill their growing commitments to recycled-plastic use," said CarbonLITE CEO Leon Farahnik. "We are proud to continue to help advance closed-loop, bottle-to-bottle recycling and a circular economy in a significant way."

On The Basis Of Product, The Recycled Plastics Market Is Primarily Split Into

PET
PP
HDPE
LDPE
Others

On The Basis Of End Users/Application, This Report Covers

Packaging
Construction
Textile Fiber / Clothing
Landscaping / Street Furniture
Others

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Regional Outlook of Recycled Plastics Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

This study specially analyses the impact of Covid-19 outbreak on the Recycled Plastics market, covering the impact assessment to the Recycled Plastics market size growth rate in several scenarios, and the measures to be undertaken by Recycled Plastics market players in response to the COVID-19 epidemic.

This allows understanding of the market and benefits from any lucrative opportunities that are available. There is a detailed analysis of the change in customer requirements, customer preferences and the vendor landscape of the overall market.

What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Global Recycled Plastics Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

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