Press release
Recycled Plastics Market Prolific Business Methodology, Techniques, Sales volume and Revenue By 2024-2031 | B&B Plastics, Veolia, Green Line Polymers
Recycled Plastics Market
Market Overview:
Recycled plastics are plastic materials that have been produced from post-consumer plastic waste, or post-industrial plastic waste. Recycled plastics can be used to manufacture new plastic products without compromising on quality. They are used across various applications like packaging, construction, automotive, and others.
Market Dynamics:
The recycled plastics market is expected to witness significant growth over the forecast period owing to rising environmental concerns and stringent government regulations regarding plastic waste. Growing awareness about sustainability and the circular economy model is also driving many companies to increase their use of recycled plastics. Moreover, recycled plastics help reduce carbon footprint as production of recycled resins requires less energy compared to virgin resins. Recycled plastics are also relatively cheaper than primary plastics obtained from crude oil, which is another factor fueling their demand. Supportive initiatives from governments as well as businesses to promote plastic recycling and reduce plastic waste in landfills and oceans are further augmenting market growth.
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Top Key Players are Covered in this Report:
★ B&B Plastics
★ Veolia
★ Green Line Polymers
★ Clear Path Recycling
★ B. Schoenberg & Co.
★ Jayplas
★ Suez
★ Custom Polymers
★ Plastipak Holdings
★ KW Plastics.
Market Segmentation:
By Product Type:
★ Polyethylene Terephthalate (PET)
★ High Density Polyethylene (HDPE)
★ Low Density Polyethylene (LDPE)
★ Polyvinyl Chloride (PVC)
★ Others
By Source:
★ Plastic Bottles
★ Plastic Bags & Films
★ Synthetic Fiber
★ Rigid Plastics & Foams
★ Others
By End-Use Industry:
★ Building & Construction
★ Textiles
★ Automotive
★ Electrical & Electronics
★ Packaging
★ Others
Key Region/Countries are Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
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Major drivers for growth in recycled plastics market: Increased awareness of environmental impacts of plastic waste:
With rising environmental concerns around the world regarding plastic pollution and climate change, consumers and businesses are increasingly demanding sustainable and eco-friendly alternatives. Plastic recycling offers a solution to reduce the amount of plastic waste ending up in landfills and oceans. It helps cut down on the need to produce new plastic from raw materials. Many companies and governments are promoting plastic recycling and waste management initiatives to encourage the use of recycled plastics.
Second major driver: Supportive regulatory policies and legislation:
Stringent regulations related to plastic waste management and bans on single-use plastics have encouraged higher recycling rates. Many countries and local governments now mandate plastic recycling targets and ban certain non-recyclable plastics. Landfill bans on plastic waste force manufacturers and product brands to use more recycled content. Regulations provide stable demand and incentives for recycled plastics markets to grow. Recyclers receive financial support for modernizing operations to process large volumes of post-consumer plastic.
Major restrain for recycled plastics market: Collection and sorting challenges:
One of the major obstacles in increasing plastic recycling rates is the difficulty in collecting and sorting plastic waste streams effectively. Plastic products today use a variety of polymers and contain multiple material layers, making them difficult to recycle. Contamination from food waste or other non-plastic materials also reduces the quality of recycled plastics. Limited funding and lack of infrastructure in many regions hamper efficient waste collection systems. Complex sorting at material recovery facilities is expensive and inaccessible in developing nations. These factors lower the supply of high-quality recycled plastic feedstock.
Major opportunity for recycled plastics market: Advancements in recycling technologies:
Continuous research and development of new recycling technologies present a major opportunity to overcome current challenges and limitations. Emerging technologies enable recycling of multi-layered, multi-material plastic products. Advanced sorting solutions through robotics, AI and sensors improve yields from mixed waste streams. Chemical and catalytic recycling methods allow difficult-to-recycle plastics to be broken down into their basic chemicals and monomers to build new plastic products. Automation minimizes labor needs and errors. Process innovations will significantly improve the recycling rates and overall quality of recycled plastics.
Major trend in recycled plastics market: Growth of plastic-to-fuel technologies:
Driven by environmental regulations around the world, advanced plastic-to-fuel technologies are gaining prominence as an alternative means to manage plastic waste instead of landfilling or dumping in oceans. Pyrolysis and gasification processes convert non-recyclable plastics intovaluable synthetic fuels like diesel, gasoline or naphtha.American and European companies are actively commercializing such plastic waste recycling technologies.They provide a sustainable outlet for hard-to-recycle plastics while reducing reliance on fossil fuels. As technologies mature, plastic-to-fuel is expected to emerge as a major trend competing with traditional mechanical recycling methods in the coming decades.
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The report answers a number of crucial questions, including:
➥ Which companies dominate the global Recycled Plastics market?
➥ What current trends will influence the market over the next few years?
➥ What are the market's opportunities, obstacles, and driving forces?
➥ What predictions for the future can help with strategic decision-making?
➥ What advantages does market research offer businesses?
➥ Which particular market segments should industry players focus on in order to take advantage of the most recent technical advancements?
➥ What is the anticipated growth rate for the Recycled Plastics market economy globally?
Some of the Major Points of TOC cover:
Chapter 1: Techniques & Scope
1.1 Definition and forecast parameters
1.2 Methodology and forecast parameters
1.3 Information Sources
Chapter 2: Latest Trends Summary
2.1 Regional trends
2.2 Product trends
2.3 End-use trends
2.4 Business trends
Chapter 3: Industry Insights
3.1 Industry fragmentation
3.2 Industry landscape
3.3 Vendor matrix
3.4 Technological and Innovative Landscape
Chapter 4: Recycled Plastics Market, By Region
Chapter 5: Company Profiles
5.1 Company Overview
5.2 Financial elements
5.3 Product Landscape
5.4 SWOT Analysis
5.5 Systematic Outlook
Chapter 6: Assumptions and Acronyms
Chapter 7: Research Methodology
Chapter 8: Contact (Continue . . .)
Contact Us
Mr. Shah
Coherent Market Insights Pvt Ltd,
533 Airport Boulevard, Suite 400, Burlingame, CA 94010, United States
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
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About Us
Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
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