Europe Recycled Plastics Market Report, Growing Demand, Business Strategies, Revenue and Forecast 2022-2027

According to IMARC Group latest report titled "Europe Recycled Plastics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", offers a comprehensive analysis of the industry, which comprises insights on Europe Recycled Plastics market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The Europe recycled plastics market reached a volume of 11.4 Million Tons in 2021. Looking forward, IMARC Group expects the market to reach 15.7 Million Tons by 2027, exhibiting at a CAGR of 5.5% during 2022-2027.

Recycled plastic refers to waste plastic that is collected and processed to manufacture useful products through a variety of recycling techniques. Once sorted and cleaned, the plastic pieces are shredded into flakes before molding them into new products. Heat compression is one method of melting plastic into pellets, while monomer recycling reverses the polymerization process to recycle the condensed polymer. The process reduces plastic pollution while putting less pressure on virgin materials to produce new plastic products, thus reducing plastic pollution.

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Market Trends:

The market is primarily driven by the increasing demand for recycled plastic products in numerous packaging applications, particularly in food and beverages packaging. Also, the rapid product utilization in the automotive manufacturing is providing an impetus to the market growth. Additionally, the growing concerns regarding waste disposal and plastic contamination and awareness regarding plastic recycling are creating a positive market outlook. Some of the other factors contributing to the market include considerable growth in the e-retail sector, rapid industrialization and extensive research and development (R&D) activities conducted by key players.

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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
• Müller-Guttenbrunn Group
• MBA Polymers, Inc.
• Paprec Group
• Morssinkhof Rymoplast
• Others

Europe Recycled Plastics Market Segmentation:
Our report has categorized the market based on country, source, application and plastic type.

Breakup by Source:
• Plastic Bottles
• Plastic Films
• Rigid Plastics and Foams
• Fibres
• Others

Breakup by Application:
• Packaging
• Electrical and Electronics
• Automotive
• Agriculture
• Construction and Demolition
• Household (Non-Packaging Use)
• Others

Breakup by Plastic Type:
• Polyethylene Terephthalate (PET)
• High Density Polyethylene (HDPE)
• Polypropylene (PP)
• Low Density Polyethylene (LDPE)
• Others

Breakup by Country:
• Germany
• UK
• Italy
• France
• Spain
• Others

Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

We are updating our reports, If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Competitive landscape, etc. Click request free sample report, the report will be delivered to you in PDF format via email within 24 to 48 hours after the payment confirmation.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

This release was published on openPR.