Plastic Recycling Market Report Covers Future Trends with Research 2022-2031 |Google, Microsoft, DeepL Translate

Rising awareness about the adverse impacts of plastic waste on the environment and the growing need to curb carbon emissions are some of the key factors boosting the growth of plastic recycling market. Governments from various parts of the world are enforcing strict regulations and taking up innovative initiatives to encourage plastic waste recycling. However, dearth of infrastructure for plastic recycling procedures and limited investments in plastic recycling initiatives in developing countries is expected to restrain the growth of the plastic recycling market in the forecast period. On the other hand, invention of advanced technologies such as pyrolysis and chemical recycling for recycling plastic waste is likely to offer lucrative opportunities for the plastic recycling market growth in the coming years.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (𝟐𝟖𝟎 𝐏𝐚𝐠𝐞𝐬 𝐏𝐃𝐅 𝐰𝐢𝐭𝐡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐂𝐡𝐚𝐫𝐭𝐬, 𝐓𝐚𝐛𝐥𝐞𝐬, 𝐚𝐧𝐝 𝐅𝐢𝐠𝐮𝐫𝐞𝐬) @ https://bit.ly/3nX7KrL

According to the report, the global plastic recycling market generated $27,900.0 million in 2021 and is anticipated to generate $60,962.8 million by 2031, growing at a CAGR of 8.7% from 2022 to 2031.

Based on product, the polyethylene terephthalate (PET) sub-segment of the plastic recycling market held the highest market share in 2021. This sub-segment is projected to manifest the highest CAGR of 9.4% from 2022 to 2031. This growth is mainly owing to the increasing demand for sustainable and eco-friendly packaging solutions. PET is a widely used plastic material in the packaging industry, particularly in the beverage industry, due to its lightweight, shatterproof, and recyclable properties. As consumers become more environmentally conscious, they are demanding more sustainable packaging solutions that have a lower environmental impact.

Based on source, the plastic bottles sub-segment held the highest market share in 2021, owing to increasing awareness of the negative impact of plastic waste on the environment. This sub-segment is projected to manifest the highest CAGR of 9.5% from 2022 to 2031. Plastic bottles are one of the most used consumer products, and they contribute significantly to the growing problem of plastic waste. There is an increasing demand for recycled plastic bottles, which are a more sustainable alternative to new plastic bottles.

𝐖𝐚𝐧𝐭 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐒𝐭𝐚𝐭𝐢𝐬𝐭𝐢𝐜𝐚𝐥 𝐃𝐚𝐭𝐚 𝐚𝐧𝐝 𝐆𝐫𝐚𝐩𝐡𝐬, 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬' 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬: https://www.alliedmarketresearch.com/plastic-recycling-market/purchase-options

Based on application, the packaging segment accounted for the largest share in 2021. The packaging sub-segment is one of the major drivers in the plastic recycling market as packaging materials account for a significant portion of plastic waste generated globally. The increasing demand for sustainable packaging solutions and the rising awareness about environmental issues are driving the growth of the plastic recycling market's packaging sub-segment.

Based on region, Asia-Pacific held the highest market share in terms of revenue in 2021. The Asia-Pacific plastic recycling market is expected to witness the fastest CAGR of 9.2% from 2022 to 2031. This region is home to some of the most significant environmental challenges globally, such as air pollution, water pollution, and waste management. As a result, governments and consumers in the region are becoming more aware of the need for sustainable waste management practices, including plastic recycling.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐏𝐥𝐚𝐬𝐭𝐢𝐜 𝐑𝐞𝐜𝐲𝐜𝐥𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬: -

REMONDIS SE & Co. KG

Biffa

Stericycle

Republic Services, Inc.

WM Intellectual Property Holdings, L.L.C.

Veolia

Shell International B.V.

Waste Connections

CLEAN HARBORS, INC.

Covetsro AG

The report provides a detailed analysis of these key players in the global plastic recycling market. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

𝐎𝐛𝐭𝐚𝐢𝐧 𝐑𝐞𝐩𝐨𝐫𝐭 𝐃𝐞𝐭𝐚𝐢𝐥𝐬: https://www.alliedmarketresearch.com/plastic-recycling-market-A08207

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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