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Recycled Plastics Market Analysis, Development, Revenue, Future Growth, Business Prospects and Forecast by 2028
Recycled plastics are products that possess the same properties as virgin plastics, but are produced from scratch and waste materials. The primary aim of recycled plastics is to reduce the total wastes and bring down the adverse effects of plastic wastes on environmental pollution. The high emphasis on manufacturing methods as well as materials associated with recycled plastics will emerge in favor of the companies operating in the market. The increasing demand for the product, resulting from its widespread applications across diverse industries, will contribute to the growth of the market. Accounting to the serious effects of plastic wastes on the environment, governments across the world have imposed strict regulations towards their usage.
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Increasing Efforts Taken to Maximize the Use of Recycled Products Will Aid Growth
The report encompasses several factors that have contributed to the growth of the market in recent years. Plastic waste have a serious effect on the environment, particularly on aquatic and wildlife. As a result, several large scale companies are partnering to minimize the use of plastic and make people aware about its negative effects. In March 2019, Coca Cola, Nestle, and Unilever formed the ‘African Plastics Recycling Alliance’. This alliance was formed with the aim of bringing about a change in the plastic recycling infrastructure across Sub-Saharan Africa. This alliance will not just influence the regional market, but will also have a direct impact on the growth of the global market.
Asia Pacific to Emerge Dominant; High Demand for Bottled Water to Create Several Growth Opportunities
The report analyzes the ongoing beer market trends across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, the market in Asia Pacific is likely to emerge dominant in the coming years. The presence of several bottled water manufacturers will aid the growth of the market. Besides Asia Pacific, the market in North America will witness considerable growth in the coming years driven by the increasing number of government initiatives. As of 2018, the market in North America was worth USD 2.45 billion and this value is projected to increase further in the coming years, owing to the high awareness regarding the use of plastic material.
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Report Aim & Scope:
An overview of the market based on geographical scope, segmentation and financial performance of key players is presented in the report.
The report presents the estimated market size by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
The report presents current trends in the industry and future scope of the market in North America, Asia Pacific, Europe, Latin America and Europe.
The various parameters accelerating the growth of the market are incorporated in the research report.
The report analyzes growth rate, market size and valuation of the market during the forecast period.
List of leading companies that are currently operating in the global recycled plastics market are:
MRC Polymers Incorporated
NextLife Recycling LLC
Omni Resource Recovery Incorporated
Parallel Products of Kentucky Incorporated
PARC Corporation
Peninsula Plastics Recycling Incorporated
PET Processors LLC
Phoenix Technologies International LLC
Plastic Revolutions Incorporated
Plastipak Holdings Incorporated
Polychem Corporation
Total S.A.
Moisture Shield
Berkshire Hathaway Incorporated
BioCore LLC
CarbonLite Industries LLC
The Coca-Cola Company Incorporated
Coll Materials Incorporated
Custom Polymers Incorporated
Dart Container Corporation
Entropex
Envision Plastics Industries LLC
Fresh Pak Corporation
Hilex Poly Company LLC
Illinois Tool Works Incorporated
KW Plastics
Marglen Industries Incorporated
Mohawk Industries Incorporated
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