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Plastic Recycling Market Analysis (2023-2032)- Business Strategy, Industry Trends, Competitive Landscape, Future Scope And Global Forecast 2023-2032 | Major Players Are Kuusakoski Group Oy, Berry Global Inc., B & B Plastics Inc., Plastipak Packaging Inc.,
Plastic Recycling Market
Plastic Recycling Market Size, Growth Rate, And Forecast:
The global plastic recycling market size is expected to grow from $38.64 billion in 2022 to $41.98 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global plastic recycling market size is expected to reach $55.93 billion in 2027 at a CAGR of 7.4%.
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Plastic Recycling Market Drivers:
The increase in the consumption of plastics is expected to propel the growth of the plastic recycling market going forward. Plastics refer to synthetic organic polymers derived primarily from fossil fuels widely used in almost every sector of the modern economy due to their lightweight, low cost, durability, and versatility. Through plastic recycling processes waste or plastic can be recovered into functional and useful products.
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Plastic Recycling Market Segments:
By Type: Polyethylene Terephthalate, Polyethylene, Polystyrene, Polyvinyl Chloride, Polypropylene, Other Types
By Source: Bottles, Films, Foams, Fibers, Other Sources
By End Use: Packaging, Automotive, Building And Construction, Electrical And Electronics, Other End Uses
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Plastic Recycling Market.
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Plastic Recycling Market Key Players:
Major competitors in the plastic recycling market include Kuusakoski Group Oy, Berry Global Inc., B & B Plastics Inc., Plastipak Packaging Inc., CarbonLite Industries LLC, Custom Polymers Inc., MBA Polymers Inc., Clear Path Recycling LLC,.
The Business Research Company's "Global Plastic Recycling Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Plastic Recycling Market Include:
1. Executive Summary
2. Plastic Recycling Market Characteristics
3. Plastic Recycling Market Trends And Strategies
4. Plastic Recycling Market - Macro Economic Scenario
5. Plastic Recycling Market Size And Growth
……
26. Africa Plastic Recycling Market
27. Plastic Recycling Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Plastic Recycling Market
29. Plastic Recycling Market Future Outlook and Potential Analysis
30. Appendix
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