Global Recycled Plastics Market 2022 Steady Growth to be Witnessed by 2030

Global recycled plastics market is projected to be driven by growing environmental concerns pertaining to greenhouse gas emissions and plastic pollution. High energy intensive processes involved in traditional plastic production have increased greenhouse gas emissions in the recent past. Proliferation in plastic consumption along with poor plastic waste management augmented persistent plastic pollution, majorly contributing in landfills or natural environment. In addition, increased rate of plastic incineration has majorly contributed in emission of toxic pollutants. Such environmental concerns have pushed various international government bodies and manufacturers to control plastic waste volume and opt for plastic recycling. Recycled plastic being able to reduce environmental exploitation and energy consumption, the product has gained popularity in the recent years. Growing implementation of recycling targets, disclosure of plastic packaging volumes and improvement of waste management initiatives by various firms involved in plastic business is driving the growth of recycled plastics market.

In terms of revenue, the global recycled plastics market was valued at US$ 39442.73 Mn in 2021 growing at a CAGR of 5.4% over the forecast period (2022 - 2030).

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Recycled plastics are reprocessed plastic waste which are turned into useful products. Quality and cost competitiveness of recycled plastics compared to virgin plastics is one of the major factors influencing the market dynamics of recycled plastics market. As such parameters are associated with oil & plastic commodity prices, industry participants are focused on maximising volume, quality, usability, and value of collected waste. Moreover, industry growth stemming from public interest in reducing environmental footprint of plastics from ocean has pushed companies to recycle plastics in their consumer products, especially sourced from marine plastic. Growing inclination of companies towards plastic recycling from different sources is further projected to foster recycled plastics market growth in the extended run.

The industry faced significant impact during COVID-19 pandemic, as lockdown restrictions severely contributed in mismanaged plastic waste (MMPW) generation. Before the crisis, various government policies and regulations had begun to address ramifications of linear economy by reducing the use of single-use plastic products. However, in order to avoid exposure to virus, high demand for single-use plastic was witnessed during crisis. Such a factor reduced the demand for recycled plastic among end-users. However, after relaxation of COVID-19 restrictions, countries are focusing on green recovery in line with prevalent plastic waste directives. Such a factor is likely to be crucial in driving the recycled plastics market growth at steady pace.

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Key Players Influencing the Recycled Plastics Market:
Advanced Drainage Systems, Inc.
Avangard Innovative
B & B Plastics Inc.
Schoenberg & Co.
Clear Path Recycling
Custom Polymers Inc.
J&A Young (Leicester) Ltd
KW Plastics
Ultra-Poly Corporation
Veolia
Other Market Participants

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Our 420+ Pages Report titled, Recycled Plastics Market will include extensive information on the following pointers:

Global market size and forecast values (2015 - 2030), in terms of revenue (US$ Million) and volume (Kilotons) by segments/sub-segments
Split of the market revenue (US$ Million) and Volume (Kilotons) into all the relevant segments & sub-segments across all major regions/countries.
Years Considered (2015 - 2030)
(Historic Years: 2015 - 2020
Base Year: 2021
Forecast Years: 2022 - 2030)
Market determinants and Influencing Factors
Market Dynamics (Drivers, Restraints, Opportunities and Trends)
Analysis on Impact of Covid-19 on Global Recycled Plastics Market
Macro-Economic and Micro-Economic Indicators
Porter's Five Forces Analysis
Regulatory Landscape
PESTEL Analysis
Competitive Benchmarking: Global Presence and Growth Strategies
(Mergers and Acquisitions
Product Launches
Investments Trends
R&D Initiatives)
Market Share Analysis, 2021
Detailed profiles of major market participants operating in the market, encompassing information pertaining to Company Details, Company Overview, Product Offerings, Key Developments, Financial Analysis, SWOT Analysis and Business Strategies
Region specific report, including North America, Europe, Asia Pacific, Middle East & Africa and Latin America, can also be provided.
The reports can be provided in different languages including German, Korean, Arabic, Russian, French, Japanese, Spanish, Chinese and other languages.

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Global Recycled Plastics Market:

By Type
Polyethylene Terephthalate (PET)
High Density Polyethylene (HDPE)
Polypropylene (PP)
Low Density Polyethylene (LDPE)
Polyvinyl chloride (PVC)
Polystyrene (PS)
Others

By Technique
Mechanical recycling
Chemical Recycling
Energy Recycling

By End-Use Industry
Packaging
Food Packaging
Non-Food Packaging
Building & Construction
Automotive
Electrical & Electronics
Medical
Agriculture
Others

By Region
North America [U.S., Canada, Mexico]
Europe [Germany, UK, France, Italy, Rest of Europe]
Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]
South America [Brazil, Argentina, Rest of Latin America]
Middle East & Africa [GCC, North Africa, South Africa, Rest of the Middle East and Africa]

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