Press release
Bioplastics to be the flagbearer to the chemical vertical to drive the Recycled Plastics Market
Persistence Market Research - PMR's latest study on Chemicals & Materials provides deep industry insights and associated services to help clients realize their maximum business potential across the globe. Recycling of plastic is broadly defined as collecting waste plastic that are recyclable, processing it with various technologies, and finally treating it with chemicals and additives to produce a newer plastic. The improved quality of recycled plastic products over their virgin counterparts, the push from different companies, and strict governmental regulations are the main drivers of the recycled plastic market. Persistence Market Research in its upcoming report titled 'Recycled Plastic Market: Global Industry Analysis 2012 - 2016 and Forecast 2017 - 2025', projects the recycled plastic market to be worth just over US$ 30 billion by 2025.Get Sample Copy of this Report@ https://www.persistencemarketresearch.com/samples/4348
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. Similarly, a large portion of the plastic generated including margarine tubes, grocery bags, and detergent bottles contain HDPE resins.
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. There is heavy demand for recycled plastic in the packaging industry because most waste
is generated by the packaging sector and then recycled to manufacture PET containers, bottles, carpet fibers, and clothes. 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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