Europe Recycled Plastics Market Overview, Industry Size, Future Outlook and Business Statistics 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. The report also includes competitor and regional analysis, and contemporary advancements in the 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 plastics are types of plastic materials that are reclaimed from post-consumer or post-industrial wastes that are processed into new products. These products can range from simple items, such as plastic bags and containers, to more complex products, including automotive parts and electronics. They help to reduce the amount of plastic waste that ends up in landfills and oceans and also conserve energy and resources. When plastic waste is recycled, it is collected, sorted, and then cleaned and processed into pellets, which are later used as raw material for manufacturing new plastic products. Some of the common types of recycled plastics include polyethylene terephthalate (PET), high-density polyethylene (HDPE), low-density polyethylene (LDPE), polypropylene (PP), and polystyrene (PS).

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Market Trends:

The market in Europe is primarily driven by growing concern for the environment among individuals. This has encouraged numerous companies to adopt sustainable practices in order to reduce their carbon footprint, which, in turn, is catalyzing the market. Moreover, the introduction of regulations and policies to promote the use of recycled plastics, such as minimum recycled content requirements, plastic bag bans, and extended producer responsibility schemes is creating a positive market outlook. Apart from this, the easy availability of feedstock derived from post-consumer and post-industrial plastic waste, which is often cheaper than virgin plastic feedstock, makes recycled plastics more cost-effective, this is considered as a growth-inducing factor. Some of the common factors driving the market include rapid industrialization and continual technological advancements in plastic recycling units.

View Full Report with TOC & List of Figure: https://www.imarcgroup.com/europe-recycled-plastics-market

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

• 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

Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.

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