Insights on the Recycled Plastics Market to 2022 | Industry Statistics, Emerging Demands, Forecast to 2028

The global recycled plastics market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). The major factor driving the growth of the global recycled plastics market during the forecast period is the increasing acceptance of recycled plastic in several industries globally. Recycled plastic has various applications in the food & beverages industry such as being used to make bottles, containers, cups, among others. Additionally, it is also used in textile industries to make sheets, fibers and strappings, among others.

Furthermore, the growth of the market is can also be attributed to the increasing demand for recycled plastic across the globe. Additionally, recycled plastic is cost-effective compared to its original form. Furthermore, plastics are lightweight, durable as well as inexpensive materials that can be used to make a variety of products and can be moulded in any shape and form. Hence, these factors are driving the demand for recycled plastic which in turn is driving the growth of the global recycled plastics market during the forecast period.

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The major companies serving the global Recycled Plastics market include Indorama Ventures Public Ltd., Veolia, Alpek, Jayplas, and Republic Services, among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, partnerships and collaborations, and geographical expansion, to stay competitive in the market. For instance, in December 2021, Veolia announced that it has completed the acquisition of Suez after approval from the European Commission under the EU Merger Regulation.

Market Coverage

• The market number available for - 2021-2028

• Base year- 2021

• Forecast period- 2022-2028

Segment Covered-

• By Source

• By Type

• By End-User

Regions Covered-

• North America

• Europe

• Asia-Pacific

• Rest of the World

Competitive Landscape- Indorama Ventures Public Ltd., Veolia, Alpek, Jayplas, and Republic Services.

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Global Recycled Plastics Market Report by Segment

By Source

• Bottles

• Films

• Fibers

• Foams

• Others

By Type

• Polyethylene Terephthalate (PET)

• Polyethylene (PE)

• Polyvinyl Chloride (PVC)

• Polypropylene (PP)

• Polystyrene (PS)

• Others

By End-User

• Packaging

• Building & Construction

• Textile

• Automotive

• Electrical & Electronics

• Others

Global Recycled Plastics Market Report by Region

North America

· United States

· Canada

Europe

· UK

· Germany

· Spain

· France

· Italy

· Rest of Europe

Asia-Pacific

· India

· China

· Japan

· South Korea

· Rest of APAC

Rest of the World

· Latin America

· Middle East & Africa

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