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Recycled Plastics Market to reach USD 53.01 Bn Recycled Plastics Market Bn by 2029, Technological Advancements and Growth Opportunities
Recycled Plastics Market
Recycled Plastics Market Report Scope and Research Methodology
Recycling plastics is an important issue due to the significant amount of plastic waste generated globally each year. The market for recycled plastics is segmented based on source, type, end-use industry, and region. The report provides an in-depth analysis of the market, with insights, facts, historical data, and statistically supported and industry-validated market statistics.
The report uses a bottom-up approach to estimate the market size, identifying key players through secondary research and determining their market revenues through primary and secondary research. Key players in the global recycled plastics market include Indorama Ventures, Veolia, Suez, and Jayplas, who are continuously strategizing on mergers and acquisitions, strategic alliances, joint ventures, and partnerships for the growth of their market shares.
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Recycled Plastics Market Dynamics
The global demand for recycled plastics is being influenced by financial and sustainability issues, with salvaged plastics selling at a 20-40 percent discount to 'virgin' plastics, making them commercially appealing to plastic converters. In addition, there is now a far better understanding of the importance of sustainability, with both industrial buyers of recycled plastic granules and end-users of plastic items becoming more aware of the environmental consequences of their behaviour.
The trade of plastic waste is restricted and becoming increasingly difficult, with global commerce in plastic waste still tiny in comparison to total plastic waste creation. Despite this, allowing waste plastics to flow to countries that have a comparative cost advantage in sorting or recycling might help boost global recycling rates while also increasing shared economic advantages and improving environmental results.
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Recycled Plastics Market Regional Insights
The report concludes that regulation and increased consumer awareness are increasing the availability of sorted plastic waste. The European Union has increased recycling objectives for its member countries, with the most recent Circular Economy Package mandating that 55 percent of plastic packaging trash be recycled by 2030 and that landfilling of separately collected garbage be prohibited. To meet these objectives, both the EU and national governments are taking steps, including extending the types of plastic packaging materials collected from households and instituting deposit programs for plastic bottles.
Recycled Plastics Market Segmentation
By Product:
• Bottles
• Films
• Fibers
• Foams
• Others
By Type:
• Polyethylene Terephthalate (PET)
• Polyethylene (PE)
• Polyvinyl Chloride (PVC)
• Polypropylene (PP)
• Polystyrene (PS)
• Others
By Application:
• Packaging
• Building & Construction
• Textile
• Automotive
• Electrical & Electronics
• Others
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Recycled Plastics Market Key Competitors include:
• Clear Path Recycling(US)
• Custom Polymers(US)
• Plastipak Holdings(US)
• Republic Services (US)
• Stericycle(US)
• KW Plastics(US)
• B. Schoenberg & Co.(US)
• B&B Plastics(US)
• Waste Connections, Inc.(US)
• MBA Polymers(US)
•Indorama Ventures (Thailand)
• Veolia (France)
• Suez(France)
• Jayplas (UK)
• Biffa(UK)
• Alpek (Mexico)
• Far Eastern New Century Corporation (Taiwan)
• Remondis SE & Co. KG (Germany)
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Table of Content for Recycled Plastics Market
Global Recycled Plastics Market: Research Methodology
Global Recycled Plastics Market: Executive Summary
Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Recycled Plastics Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Recycled Plastics Market Segmentation
Global Market, by Product (2021-2029)
Global Market, by Type (2021-2029)
Global Market, by Application (2021-2029)
Regional Recycled Plastics Market (2021-2029)
Regional Market, by Product (2021-2029)
Regional Market, by Type (2021-2029)
Regional Market, by Application (2021-2029)
Regional Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
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Key Types:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Product, Type and Application
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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