Press release
Recycled Plastics Market to be worth just over US$ 30 billion by 2025
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Company Profiles:
B.SCHOENBERG & CO., INC.
REPLAS
Advanced Environmental Recycling Technologies, Inc.
Clear Path Recycling
Wellman Advanced Materials
Reprocessed Plastic , Inc.
PLASgran Ltd
Custom Polymers
CarbonLITE Industries
Luxus Ltd
Butler-MacDonald
KW Plastic , Inc.
wTe Corporation
Envision Plastic Industries LLC
Kuusakoski
Shanghai PRET
Others.
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Recycled Plastics Market
Resin Type - PET and HDPE Segment Critical in Recycled Plastic Market
The polyethylene terephthalate and high density polyethylene resin types had a market share approaching 2/3rd of the recycled plastic market and should gain 180 and 40 BPS respectively, largely at the expense of other resin types. Polyethylene terephthalate is popular primarily on account of its low price and versatility.
Application - Packaging Industry Demands Great Deal of Recycled Plastic
The packaging industry is anticipated to hold the maximum share in the recycled plastic market by application type in terms of both value and volume. The packaging industry is predicted to record a CAGR of 4.8% throughout the forecast period. Companies such as Nestle and Coca Cola have begun to use recycled plastic bottles for packing beverages and they have pledged to use more recycled plastic content in their beverage bottles instead of virgin plastic.
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Source Type - Plastic Bottles to Exhibit High Growth in Recycled Plastic Market
Plastic bottles are on track to witness a CAGR of 4.8% from 2017 to 2025 and should exceed 17,000 KT by the end of the eight-year study, making it imperative for key stakeholders in the recycled plastic market to target.
Region - Focus on APEJ in Recycled Plastic Market
APEJ is estimated to fuel the volume gains in the recycled plastic market over the forecast period with a total incremental opportunity of just under US$ 3.3 billion being attributed to this populous continent. The consumption of recycled plastic products is concentrated in APEJ particularly in the construction and packaging sectors. In China, the raw material availability is very less leading to increased consumption of recycled plastic.
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