APAC Plastic Recycling Market likely to grow at a CAGR of 6.4% during 2021-2026

According to the MarkNtel Advisors’ research report, “APAC Plastic Recycling Market Analysis, 2021,” the market is likely to attain around 6.4% CAGR in the forecast period of 2021-26. With increasing carbon and plastic emissions in the environment, the demand for the recycling market is robustly growing. India, China, Japan, and Indonesia remain the most prominent countries likely to offer incredible growth opportunities to the Plastic Recycling Market in the forecast period.

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Key questions answered in the study
1. What are the current and future trends in the APAC Plastic Recycling Market?
2. How has the market been evolving in terms of end-user demand and application areas?
3. How has the competition been shaping across the countries, followed by their comparative factorial indexing?
4. What are the growth drivers and challenges for APAC Plastic Recycling Market?
5. What is the customer orientation, purchase behavior, and expectations from the APAC Plastic Recycling Market service provider across various countries?

Building & Construction Shall Boost the Market Growth
Based on the application of the product, the Building & Construction segment is likely to attain the fastest growth rate in the forecast period. It owes to accelerated industrialization & urbanization in high-tech countries like China & India. Furthermore, the adaption of building green infrastructures shall create lucrative growth opportunities for the market. Hence, these factors are likely to contribute to the growing demand for the building & construction sector and shall further fuel the APAC Plastic Recycling Market growth.

Packaging to have the Fastest Market Growth
Based on the application of the product, the packaging segment of the APAC Plastic Recycling Market is likely to have the fastest growth in the forecast years. It owes to the flooding use of recycled plastic in multiple end-users like food & beverage packaging and textile industries. Furthermore, the growing technological advancements in the recycling patterns are also booming the demand for recycled plastic in packaging, thereby likely to propel the market growth in the coming years.

For details analysis: https://www.marknteladvisors.com/research-library/apac-plastic-recycling-market.html

“APAC Plastic Recycling Market Analysis, 2021” provides comprehensive, qualitative, and quantitative insights on the market potential, the key factors impacting the market growth, hotspots, and various opportunities available for Plastic Recycling providers across the region. Alongside that, the report also encompasses the strategic imperatives for competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which would help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.

According to the MarkNtel Advisors, the leading players in the APAC Plastic Recycling Market are Alpek Polyester, Centriforce Products Limited, Clean Tech UK Ltd, DS Smith, Euresi Plastics SL, EF PLASTICS UK LIMITED, Far Eastern New Century Corporation (Phoenix Technologies), Foss Performance Materials, Indorama Ventures Public Company Limited, JFC Group, Krones AG, Kuusakoski, Lotte Chemical Corporation, MBA Polymers Inc., Mumford Industries, Petco. Co. za, Pistoni Srl, Placon, PolyClean Technologies, PolyQuest, Reliance Industries Limited, REPRO-PET, Teijin Limited, UltrePET LLC, Verdeco Recycling Inc.

Market Segmentation:
1. By Type (Polyethylene (PE), Polyethylene Terephthalate (PET), Polypropylene (PP), Polyvinyl Chloride (PVC), Polystyrene, Others)
2. By Source (Plastic Bottles, Plastic Films, Polymer Foam, Others)
3. By End-User (Packaging, Building, and Construction Industrial Yarn, Automotive, Electrical and Electronics, Other End-user Industries)
4. By Application (Building & Construction, Packaging, Electrical & Electronics, Textiles, Automotive, Others)
5. By Process (Mechanical, Chemical)
6. By Region (India, China, Indonesia, Philippines, Vietnam, Thailand, Rest of Asia Pacific)
7. By Competitors (Alpek Polyester, Centriforce Products Limited, Clean Tech UK Ltd, DS Smith, Euresi Plastics SL, EF PLASTICS UK LIMITED, Far Eastern New Century Corporation (Phoenix Technologies), Foss Performance Materials, Indorama Ventures Public Company Limited, JFC Group, Krones AG, Kuusakoski, Lotte Chemical Corporation, MBA Polymers Inc., Mumford Industries, Petco. Co. za, Pistoni Srl, Placon, PolyClean Technologies, PolyQuest, Reliance Industries Limited, REPRO-PET, Teijin Limited, UltrePET LLC, Verdeco Recycling Inc.)

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MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

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