Press release
Plastic Recycling Global Market Worth $55.93 Billion at a CAGR of 7.4% By 2027 | Key Players: Kuusakoski Group Oy, Berry Global Inc., Custom Polymers Inc., MBA Polymers Inc., Plasgran Ltd.
Plastic Recycling Market
The Business Research Company's Plastic Recycling Global Market Report 2023 identifies 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.
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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Major players in the market are 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, Veolia Environnement S.A, Plasgran Ltd., Jayplas Limited, Envision Plastics Industries LLC, Fresh-Pak Corporation, WM Intellectual Property Holdings LLC, and Green Line Polymers Inc.
Technological advancements are gaining popularity as a key trend in the plastic recycling market. Major market players are introducing innovations in recycling technologies for easier and cost-effective plastic recycling processes to strengthen their position in the market.
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The Plastic Recycling market is segmented -
1) By Type: Polyethylene Terephthalate, Polyethylene, Polystyrene, Polyvinyl Chloride, Polypropylene, Other Types
2) By Source: Bottles, Films, Foams, Fibers, Other Sources
3) 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.
The Business Research Company's "Global Plastic Recycling Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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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
……
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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