Recycled Plastics Market Growth, Size, Trends, Industry Analysis, Forecast and Outlook - 2030

Recycled Plastics Market was valued at US$ 29.18 Bn. in 2022 and the total Recycled Plastics revenue is expected to grow at 8.9% from 2023 to 2029, reaching nearly US$ 53.01 Bn.

Recycled Plastics Market Report Scope: A Comprehensive Dive

The Recycled Plastics market unfolds its chapters based on Source, Type, End-Use Industry, and Region. An in-depth analysis provides insights, historical data, and statistically-supported statistics, guiding users through growth factors, application areas, and market gaps. The bottom-up approach estimates market size, identifying key players like Indorama Ventures, Veolia, Suez, and Jayplas through secondary and primary research. Their strategies, mergers, and acquisitions unfold as they champion market growth.

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Recycled Plastics Market Dynamics: A Symphony of Regulations and Awareness

The availability of separated plastic garbage is rising due to regulations and growing consumer awareness:

Plastic recycling is a widely recognised issue that frequently makes headlines, and the market has immense growth potential. As per the latest data, a mere 31% of the plastic waste gathered in Europe was recycled, while the remaining portion was either landfilled or burned, resulting in the generation of CO2. At 41%, the recycling percentage of collected waste for plastic packaging is marginally higher. The recycling rates decrease even further when one accounts for the amount of plastic that leaks into the environment and is never retrieved. The European Union (EU) has raised recycling targets for its member nations due to the advantages recycling plastic waste provides for the environment.

The latest version of the Circular Economy Package stipulates that by 2030, 55% of waste containing plastic packaging must be recycled (up to 41% in 2016) and that separately collected waste cannot be disposed of in landfills. The EU and national governments are taking action to achieve these goals, including as expanding the range of plastic packaging materials that are gathered from homes and implementing plastic bottle deposit schemes.

Sustainability and financial concerns are influencing demand:

Factors beyond regulation impact the recycling of plastic. For instance, recycled plastics are commercially attractive to plastic converters since they sell for 20-40% less than "virgin," or new, oil-based plastics. Recycled plastics get more and more tempting as oil prices rise. The long-term oil scarcity means that the profit could increase over time. Our awareness of the significance of sustainability has greatly improved.

Recycled Plastics Market Segmentation

Recycled Plastics Market , by Product

1. Bottles
2. Films
3. Fibers
4. Foams
5. Others

Recycled Plastics Market , by Plastic Type

1. Polyethylene Terephthalate (PET)
2. Polyethylene (PE)
3. Polyvinyl Chloride (PVC)
4. Polypropylene (PP)
5. Polystyrene (PS)
6. Others

Recycled Plastics Market , by Application

1. Packaging
2. Building & Construction
3. Textile
4. Automotive
5. Electrical & Electronics
6 Others

Recycled Plastics Market , by Process

1. Mechanical
2. Chemical

Recycled Plastics Market , by Type

1. Post-Consumer Recyclate
2. Industrial Recyclate

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Recycled Plastics Market Key Players

1. Clear Path Recycling(US)
2. Custom Polymers(US)
3. Plastipak Holdings(US)
4. Republic Services (US)
5. Stericycle(US)
6. KW Plastics(US)
7. B. Schoenberg & Co.(US)
8. B&B Plastics(US)
9. Waste Connections, Inc.(US)
10. MBA Polymers(US)
11. ndorama Ventures (Thailand)
12. Veolia (France)
13.Suez((France)
14. Jayplas (UK)
15. Biffa(UK)
16. Alpek (Mexico)
17. Far Eastern New Century Corporation (Taiwan)
18. Remondis SE & Co. KG (Germany)

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Table of content for the Recycled Plastics Market includes:

Part 01: Executive Summary

Part 02: Scope of the Recycled Plastics Market Report

Part 03: Global Recycled Plastics Market Landscape

Part 04: Global Recycled Plastics Market Sizing

Part 05: Global Recycled Plastics Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

Around 127 countries have enacted legislation to curb plastic use, emphasizing the need for sustainable practices. Regional and global efforts focus on curbing plastic pollution, with businesses aligning with sustainable goals. Increased research, development, and investment target material design innovations, circular economy strategies, and advanced recycling technologies.

The European Union (EU) stands as a significant influencer, introducing regulations to boost recycling rates and reduce landfilling. The Waste Shipment Regulation (WSR) and the EU Strategy for Plastics in a Circular Economy signal a paradigm shift, affecting developing-country traders using plastic packaging or final items. As the EU aims for all packaging to be reusable or recyclable by 2030, the Circular Plastics Alliance seeks to increase the EU market for recycled plastic.

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