High Demand Of Recycled Plastics Market 2028

The plastic recycling process helps to deal problems related to plastics disposal. According to Plastic Oceans International, more than 300 million of plastic is manufactured every year, consequently generating high demand for reuse, recovery, and recycling of plastics.

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Major companies operating in the global recycled plastics market include B&B Plastics, Veolia, Green Line Polymers, Clear Path Recycling, B. Schoenberg & Co., Jayplas, Suez, Custom Polymers, Plastipak Holdings, and KW Plastics.

Market Outlook

Recycled plastics market is expected to be driven by the increasing concerns for disposing virgin plastic and growing awareness about energy saving is expected to drive demand for recycled plastics market over the forecast period (2019-2027).

Asia Pacific accounted for the largest market share in terms of revenue in the global recycled plastics market, owing to rapid industrialization and growing manufacturing sector in emerging economies such as China and India.

According to The Association of Plastic Recyclers, the plastic bottles recycling has been made compulsory in several U.S. states such as North Carolina, Massachusetts, California, New Jersey, Connecticut, Wisconsin, and Pennsylvania. This is expected to drive growth of the recycled plastic market in the U.S. over the forecast period.

Market Taxonomy

On the basis of product type, the global recycled plastics market is segmented into:

Polyethylene Terephthalate (PET)
High Density Polyethylene (HDPE)
Low Density Polyethylene (LDPE)
Polyvinyl Chloride (PVC)
Others

On the basis of source, the global recycled plastics market is segmented into:

Plastic Bottles
Plastic Bags & Films
Synthetic Fiber
Rigid Plastics & Foams
Others

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