Japan Recycled Plastics Market Size to Hit 10.3 Million Tons at 3.2% CAGR by 2028 | IMARC Group

The latest report by IMARC Group, titled "Japan Recycled Plastics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028". The Japan recycled plastics market size reached 8.5 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 10.3 Million Tons by 2028, exhibiting a growth rate (CAGR) of 3.2% during 2023-2028.

Recycled plastics refer to plastic materials that have undergone a process of recycling and transformation from post-consumer or post-industrial plastic waste into reusable raw materials. This recycling process involves collecting discarded plastic items such as bottles, containers, and packaging, or recovering plastic waste from industrial sources. The collected plastic waste is then cleaned, sorted, and processed to remove impurities, resulting in purified plastic material. After purification, recycled plastics are melted and molded into various forms, including pellets or sheets, which can be used as raw materials in the manufacturing of new plastic products. These recycled plastic materials serve as an environmentally sustainable alternative to traditional plastics made from virgin petroleum-based sources.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/japan-recycled-plastics-market/requestsample

Japan Recycled Plastics Market Trends and Drivers:

Japan's recycled plastics market is strongly driven by the increasing awareness of plastic pollution's detrimental impact on ecosystems. As a result, businesses are looking to integrate recycled plastics into their product lines to meet sustainability goals and comply with stringent environmental regulations. In addition, the concept of a circular economy has gained significant traction in Japan. Industries are embracing the idea of minimizing waste and maximizing resource efficiency. Recycled plastics play a pivotal role in this paradigm shift, enabling the reutilization of plastics in various sectors, including packaging, automotive, and electronics. Besides, innovation is a key driver in the Japanese Recycled Plastics Market. Companies are investing in research and development to create advanced recycling technologies that improve the quality and versatility of recycled plastics. Moreover, partnerships between plastic manufacturers and recycling facilities are fostering the development of high-performance recycled plastics that meet the stringent quality standards required by industries. Moreover, Japanese consumers are increasingly inclined toward eco-conscious products. This shift in consumer preference has pushed businesses to adopt recycled plastics in their product offerings, as it aligns with the values of sustainability and responsible consumption. As a result, the use of recycled plastics is becoming a selling point, positively impacting market growth.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Plastic Type:

Polyethylene Terephthalate (PET)
High Density Polyethylene (HDPE)
Polypropylene (PP)
Low Density Polyethylene (LDPE)
Others

Breakup by Raw Material:

Plastic Bottles
Plastic Films
Rigid Plastic and Foam
Fibres
Others

Breakup by Application:

Non-Food Contact Packaging
Food Contact Packaging
Construction
Automotive
Others

Breakup by Region:

Kanto Region
Kinki Region
Central/ Chubu Region
Kyushu-Okinawa Region
Tohoku Region
Chugoku Region
Hokkaido Region
Shikoku Region

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Explore full report with table of contents: https://www.imarcgroup.com/japan-recycled-plastics-market

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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This release was published on openPR.