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Recycled Plastics Market worth $63.69 billion by 2030, growing at a CAGR of 4.35% - Exclusive Report by 360iResearch
Recycled Plastics Market | 360iResearch
The Global Recycled Plastics Market to grow from USD 45.27 billion in 2022 to USD 63.69 billion by 2030, at a CAGR of 4.35%.
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Recycled plastics are materials reprocessed from plastic waste, transforming them into usable plastic products or materials. The recycled plastics process involves collecting plastic waste, cleaning and sorting it, breaking it down into plastic flakes or pellets, and then remolding it into new products. The necessity for recycled plastics stems from the urgency to address the environmental issues caused by the overproduction and disposal of virgin plastics. Increasing public consciousness regarding environmental sustainability and reducing plastic pollution drives the recycled plastics market. In addition, initiatives and stringent regulations by governments worldwide mandating the use of recycled materials propel the adoption of recycled plastics. However, contamination levels in plastics and variability in the quantity and quality of recyclable plastic waste present a challenge for the stable production of recycled plastics. Nevertheless, developing sorting techniques that can efficiently differentiate and process various plastics and ongoing investments in new recycled plastic facilities are expected to drive the recycled plastics market in the coming years.
A growing consumer awareness of the environmental impact of plastic waste characterizes the recycled plastics market in the Americas. The countries in the Americas show commitment to reducing plastic waste through government initiatives and private investments in recycling infrastructure. The European Union (EU) countries promote using recycled plastics due to stringent regulations and policies, such as the EU Plastics Strategy and the Circular Economy Action Plan. These policies have encouraged investments in advanced recycling technologies and created a robust market for recycled plastics. Consumer purchasing behavior in the EU is greatly influenced by sustainability credentials, driving companies to incorporate recycled content into their products. While the Middle East is witnessing increased investments to develop recycling facilities, Africa's market is still emerging with substantial opportunities, including efforts to formalize waste collection and recycling sectors. The recycled plastics in the Asia-Pacific is growing, with a focus on improving the quality and capacity of domestic recycling facilities. The government push for increased recycling rates and support for the informal recycling sector in emerging economies has promoted the demand for recycled plastic in the Asia-Pacific.
Market Segmentation & Coverage:
This research report categorizes the Recycled Plastics Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Polyethylene, Polyethylene Terephthalate, Polypropylene, Polystyrene, and Polyvinyl Chloride. The Polyethylene commanded largest market share of 31.99% in 2022, followed by Polyethylene Terephthalate.
Based on Method, market is studied across Distributed Recycling, Heat Compression, Pyrolysis, and Thermal Decomposition. The Thermal Decomposition commanded largest market share of 24.14% in 2022, followed by Distributed Recycling.
Based on Source, market is studied across Fibers, Plastic Bottles, Plastic Films, Polymer Foam, and Rigid Plastic and Foam. The Rigid Plastic and Foam commanded largest market share of 21.36% in 2022, followed by Plastic Bottles.
Based on Application, market is studied across Automotive, Building & Construction, Electrical & Electronics, Packaging, and Textiles. The Packaging commanded largest market share of 27.38% in 2022, followed by Building & Construction.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Asia-Pacific commanded largest market share of 43.67% in 2022, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Recycled Plastics Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Recycled Plastics Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Recycled Plastics Market, highlighting leading vendors and their innovative profiles. These include Ace Plastics Recycling, Advanced Drainage Systems, Inc., Alpek S.A.B. de C.V., Altium Packaging LP, B & B Plastics Recycling, Inc., B. Schoenberg & Co., Inc., BASF SE, Berry Global Group, Inc., Biffa PLC, Cabka Group GmbH, Covestro AG, Custom Polymers, Inc., Fresh Pak Corporation, Imerys S.A., Indorama Ventures Public Company Limited, Jayplas, K K Asia (HK) Ltd., KW Plastics, Let's Recycle It Ltd, MBA Polymers Inc., Phoenix Technologies International, LLC, Plastic Recycling, Inc., RDB Plastics GmbH, Revolution Company, Shakti Plastic Industries, Stericycle Inc., The Dow Chemical Company, Ultra-Poly Corporation, UltrePET, LLC, Veolia Environnement S.A., and Waste Management, Inc..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Recycled Plastics Market, by Product
7. Recycled Plastics Market, by Method
8. Recycled Plastics Market, by Source
9. Recycled Plastics Market, by Application
10. Americas Recycled Plastics Market
11. Asia-Pacific Recycled Plastics Market
12. Europe, Middle East & Africa Recycled Plastics Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Recycled Plastics Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Recycled Plastics Market?
3. What is the competitive strategic window for opportunities in the Recycled Plastics Market?
4. What are the technology trends and regulatory frameworks in the Recycled Plastics Market?
5. What is the market share of the leading vendors in the Recycled Plastics Market?
6. What modes and strategic moves are considered suitable for entering the Recycled Plastics Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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