Recycled Plastic Market Report Outlook, Size, Share, Source, Application, Method, Geography and Forecast, 2021-2031

Recycled Plastic Market by Source (Plastic bottles, Tubs, Trays, Rigid Plastics, Flexible Plastics, and Others), Method (Thermal decomposition, Heat Compression, Distributed Recycling, Pyrolysis, and Others), and Application (Construction Projects, Packaging Items, Landscaping, and Clothing Materials, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2031.

Download Sample Report: https://www.alliedmarketresearch.com/request-sample/5571

Plastic recycling is the process of converting or waste plastic into useful products. Since, most of the plastic is non-biodegradable, recycling is a part of global efforts to reduce the plastic pollution. According to a report by the National Audit Office, the UK produced 11 million tons of plastic waste in 2017 and out of which 7.5 million tones was recycled. According to a data analysis of Plastics Europe, European plastic production, demand, and waste is set to reduce through Plastic-2030 initiative. The aim of Plastics-2030 is to reuse and recycle 60% of the plastic packing.

The reuse of plastic waste in a wide range of goods, design, and fabrication is expected to drive the growth of recycled plastic market. Also, growing awareness for energy savings and low cost of used plastic are driving the growth of the market. Goods such as plastic bottles, shoes, construction material, showcase materials, furniture, and pipes, find use in several sectors including construction, packaging, clothing materials, and others. Difficulties in recycling plastic from ink, pigments, and adhesives are anticipated to hamper the growth of the recycled plastic market in upcoming years.

Factors such as ban on importing plastic to China for recycling are expected to hamper the market growth. New methods like pyrolysis, heat compression, monomer process of recycling plastic, and others are expected to better opportunities for plastic recycling organizations in the future. Also, the Indian Institute of Petroleum has invented a technology that can convert plastic waste into high-grade petrol, diesel, and LPG. Such plants are to be set up in the coming years, which is expected to boost the economy, increasing employment. Hence, it's the best opportunity for the growth of the recycled plastic market.

The market is segmented on the basis of source, method, application, and region. On the basis of source, it is classified into tubs, trays, rigid, flexible plastics, and bags. Methods of recycling include thermal decomposition, heat compression, distributed recycling, and others. On the basis of application, it is categorized into construction, packing, clothes, landscaping, and others. Region-wise, it is analyzed for North America, Europe, Asia-Pacific, and LAMEA.

Request for Purchase: https://www.alliedmarketresearch.com/recycled-plastic-market/purchase-options

Key players operating in the global recycled plastic market are Viridor waste management Ltd., Plasgran Ltd., Centrifore products ltd., Arora fibres Ltd., Kuusakoski recycling ltd., B & B plastics recycling Inc., CarbonLite Industries LLC, Custom Polymers, Inc., Envision plastics industries LLC, and Dart container corporation.

KEY BENEFITS FOR STAKEHOLDERS:

The recycled plastic market size has been analyzed across all regions.
Porter's five force analysis helps to analyze the potential of buyers & suppliers and the competitive scenario of the industry for building strategies.
The report outlines the current market trends and future scenarios of the market size from 2021 to 2031 to understand the prevailing opportunities and potential investment pockets.
Major countries in the regions have been mapped according to their individual revenue contribution to the regional market.
The key drivers, restraints, and market opportunities and their detailed impact analysis are elucidated in the study.
The market analysis covers in-depth information of major recycled plastic industry participants.

Similar Report:

Rigid Recycled Plastic Market
https://www.alliedmarketresearch.com/rigid-recycled-plastic-market-A09670

Bioplastic Composites Market
https://www.alliedmarketresearch.com/bioplastic-composites-market

Plastic Additives Market

https://www.alliedmarketresearch.com/plastic-additives-market

Bioplastics Market
https://www.alliedmarketresearch.com/bioplastics-market

Bio Plasticizers Market
https://www.alliedmarketresearch.com/bio-plasticizers-market

About Us:
Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
Web: https://www.alliedmarketresearch.com

This release was published on openPR.