Press release
Recycled Plastic Granules Market Growth, Emerging Trending Factors, Segmentation, Current Investment Scenarios, and Challenges till 2031 | Polyclean Technologies Inc., Goverdhan Polygran Pvt. Ltd.
Recycled Plastic Granules Market
Recycled plastic granules are raw materials produced from recycled plastic waste which are used to manufacture a variety of plastic products. They find wide applications in industries such as packaging, construction, automotive, and others.
Market Dynamics:
Growing environmental concerns regarding disposal of plastic waste and stringent government regulations restricting the use of virgin plastics are expected to fuel the demand for recycled plastic granules over the forecast period. According to the report, the market is driven by initiatives by municipalities and organizations to reduce landfill waste by promoting the collection and recycling of plastic. Furthermore, low production cost of recycled plastic granules compared to virgin plastic resins is also boosting their adoption across different end-use industries.
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Top Companies Covered In This Report:
★ Polyclean Technologies Inc.
★ Goverdhan Polygran Pvt. Ltd.
★ Nidhi Enterprises
★ S.S.B Polymers & S.S.B Enterprises
★ The Shakti Plastic Industries
★ Dar AI Khaleej Plastics
★ GRM Polymer
★ Jai Shree Balaji Plastic
★ Kamal Polyplast
★ Mittal Polymers
★ Nahata Plastics
★ Navkar Industries
★ Amruta Plastic
★ Raza Traders
★ Vanshika Plastic Industry
★ Wiwat Plastic
★ Xiamen Keyuan Plastic Co., Ltd.,
Detailed Segmentation:
By Type:
✦ PP Granules
✦ PE Granules
✦ HDPE Granules
✦ LDPE Granules
✦ Polycarbonate Granules
✦ Polystyrene Granules
✦ Others (ABS Plastic Granules, etc.)
By Application:
✦ Automotive
✦ Consumer Products
✦ Textile
✦ Others (Electrical & Electronics, etc.)
Key Region/Countries are Classified as Follows:
⋆ North America (United States, Canada, and Mexico)
⋆ Europe (Germany, France, UK, Russia, Italy)
⋆ Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
⋆ South America (Brazil, Argentina, Colombia)
⋆ Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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✦ Two Major Market Drivers for the Growth of Recycled Plastic Granules Market
1. Increased Regulations on Plastic Waste Management
Governments of various countries are introducing stringent regulations to curb the generation of plastic waste. They are focusing on increasing the reuse and recycling of plastic to reduce its usage. This is encouraging companies to use recycled plastic granules instead of virgin plastic for manufacturing various products. Many countries have banned certain single-use plastic items or have imposed penalties on the usage of non-recycled plastic packaging. These regulations are majorly driving the demand for recycled plastic granules from industries.
2. Rising Environmental Awareness Among Consumers
Consumers today are more aware of the adverse impact of plastics on the environment. Plastic pollution has emerged as a serious issue damaging the ecosystem. This is pushing consumers to prefer products made from recycled plastic over virgin plastic. Companies are promoting their use of recycled plastic content to attract such environmentally conscious customers. Even organizations are giving preference to recycled plastic products for their sustainable credentials. The growing environmental awareness is a key factor fueling the recycled plastic granules market.
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Major Market Restrain for the Recycled Plastic Granules Market
✦ Issues with Maintaining Quality Standards
It is challenging for recycled plastic processors to consistently meet the quality specifications and standards expected by industries for recycled plastic granules. The mixed plastic waste collected for recycling contains various types of plastics that are difficult to separate completely. Even after sorting and cleansing processes, some contamination may remain. This affects the consistency in quality properties like density, color, and purity of recycled plastic granules. Industries hesitate to use recycled plastic content that doesn't meet their quality control parameters always. This perception is a major restraining factor restricting the growth of this market.
✦ Significant Market Opportunity for the Recycled Plastic Granules Market
Rise in Infrastructure Development Projects
Infrastructure development is taking place at an immense level globally to modernize the cities and countries. This includes construction of roads, bridges, commercial and residential buildings. There is a huge demand for materials like concrete, cement during these projects. Using recycled plastic granules as partial replacement of virgin plastic or other materials in construction applications can open a bright opportunity. Many ongoing research and product development initiatives are testing use of recycled plastic in reinforcements for cement and asphalt. This can offer a huge untapped market potential.
✦ Major Upcoming Trend in the Recycled Plastic Granules Market
Growing Adoption of Digital Technologies
Latest digital technologies are revolutionizing the plastic recycling industry. Advanced sorting systems using artificial intelligence, robotics and optical sensors are helping improve separation of different plastic types from mixed waste. Blockchain is enabling transparent tracking of recycled plastic supply chains. 3D printing filaments made from recycled plastic are gaining popularity. Even recycling centers are automating their processes using Industry 4.0 technologies. Adoption of cutting-edge digital solutions offers an interesting trend to enhance the recycling rates and overall productivity in the recycled plastic granules market.
Key Questions Answered in the Report:
1. What are the growth opportunities for the new entrants in the global Recycled Plastic Granules industry?
2. Who are the leading players functioning in the global Recycled Plastic Granules marketplace?
3. What are the key strategies participants are likely to adopt to increase their share in the global Recycled Plastic Granules industry?
4. What is the competitive situation in the global Recycled Plastic Granules market?
5. What are the emerging trends that may influence the Recycled Plastic Granules market growth?
6. Which product type segment will exhibit high CAGR in the future?
7. Which application segment will grab a handsome share in the global Recycled Plastic Granules industry?
8. Which region is lucrative for the manufacturers?
Table of Contents:
1. Research Objectives and Assumptions
• Research Objectives
• Assumptions
• Abbreviations
2. Market Purview
• Report Description
- Market Definition and Scope
• Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By Regions
- Market Snippet, By End-User
• Stratagem Opportunity Map (SOM)
3. Market Dynamics, Regulations, and Trends Analysis
• Market Dynamics
- Drivers
- Restraints
- Market Opportunities
• Impact Analysis
• Industry Trends
• Regulatory Scenario
• Acquisitions, Partnerships & Agreements
• Brand Analysis
• Pricing Analysis
• Epidemiology
• Porter's Analysis
• Value Chain Analysis
• Supply Chain Analysis
• Distribution Landscape
4. Recycled Plastic Granules Market - Impact of Coronavirus (Covid-19) Pandemic
• COVID-19 Epidemiology
• Overall Impact on this Sector
• Impact of COVID-19 on Supply and Demand
5. Recycled Plastic Granules Market, By Product Type, 2024-2031 (US$ Million)
• Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2024 - 2031
- Segment Trends
Continue...
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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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