Press release
Plastic Recycling Market Size Opportunities and Challenges for the Future
Plastic Recycling Market
Want to Access the Statistical Data and Graphs, Key Players' Strategies: https://www.alliedmarketresearch.com/plastic-recycling-market/purchase-options
Key Market Dynamics
Drivers:
Rising Environmental Awareness: Growing awareness about the negative impact of plastic waste on the environment is significantly driving the market.
Government Regulations: Stringent regulations and innovative initiatives by governments worldwide are promoting plastic waste recycling.
Restraints:
- Low Investment in Developing Nations: Developing countries often lack the necessary investment and infrastructure for effective plastic recycling.
- Value Disparity: Recycled plastic generally has a lower value compared to virgin plastic, hindering market growth.
Opportunities:
- Technological Advancements: Innovations in recycling technologies, such as chemical recycling and pyrolysis, are expected to create lucrative opportunities.
Report Highlights
- Forecast Period: 2022-2031
- Base Year: 2021
- Market Size in 2021: $27.9 billion
- Market Size in 2031: $61.0 billion
- CAGR: 8.7%
- Segments Covered: Product, Source, Application, and Region
- Number of Pages: 260
Key Players: Covestro AG, CLEAN HARBORS, INC., Waste Connections, Shell International B.V., Veolia, WM Intellectual Property Holdings, L.L.C., Republic Services, Inc., Stericycle, Biffa, REMONDIS SE & Co. KG.
Segment Analysis
- Product: The polyethylene terephthalate (PET) segment held the largest market share and is expected to grow at a 9.4% CAGR. The demand for sustainable packaging solutions is driving this growth, especially in the beverage sector due to PET's shatterproof, recyclable, and lightweight properties.
- Source: Plastic bottles accounted for the largest share in 2021 and are projected to grow at a 9.5% CAGR. The increasing demand for recycled plastic bottles as eco-friendly alternatives is a major factor.
- Application: The packaging segment dominated the market in 2021. The need for eco-friendly packaging solutions due to environmental concerns is a primary growth driver.
Regional Insights
Asia-Pacific (APAC): APAC generated the highest market revenue in 2021 and is expected to grow at a 9.2% CAGR. The region's significant environmental challenges, such as air pollution and waste management, are pushing consumers and governments towards eco-friendly waste management practices, including plastic recycling.
Competitive Landscape
The report provides an in-depth analysis of the leading stakeholders in the plastic recycling market, highlighting their strategic initiatives, business performance, and product offerings. Key strategies include the introduction of new products, expansion of operations, collaborations, agreements, and joint ventures.
πππππ’π§ πππ©π¨π«π πππππ’π₯π¬: https://www.alliedmarketresearch.com/plastic-recycling-market-A08207
Contact:
David Correa
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Plastic Recycling Market Size Opportunities and Challenges for the Future here
News-ID: 3515326 • Views: β¦
More Releases from Allied Market Research (AMR)
Online Music Streaming Market Demand will reach a value of US$ 24,711.3 million β¦
The global online music streaming market size is expected to reach $24,711.3 million by 2027 at a CAGR of 12.34% from 2021 to 2027.
Request The Sample PDF Of This Report: https://www.alliedmarketresearch.com/request-sample/11521
Online music streaming is a means of delivering music without downloading any file from the internet. Music is stored on the servers' database and is instantly transferred to the streamer or users' device in realβ¦
Low-E Glass Market Growth Trends: Global Analysis of Leading Players and Busines β¦
According to the study, the global low-e glass market was valued at $11.9 billion in 2022 and is projected to reach $21.0 billion by 2032, growing at a CAGR of 5.9% from 2023 to 2032.
Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/A15849
Market Drivers and Challenges:
- The growing emphasis on energy efficiency and cost reduction is propelling the demand for low-emissivity (Low-E) glass globally. Despite higher upfront costs compared to traditional glass,β¦
Sunflower Lecithin Market: Industry Development Challenges, Opportunities & Key β¦
According to the report, the global sunflower lecithin market was valued at $324.6 million in 2018 and is projected to reach $754.8 million by 2032, growing at a CAGR of 5.7% from 2023 to 2032.
Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/A156654
What is Sunflower Lecithin?
Sunflower lecithin is a natural lipid blend derived from sunflower seeds, either mechanically or chemically, and is prized for its superior emulsifying and stabilizing properties. Composed primarilyβ¦
Bio-Renewable Chemicals Companies Analysis and Developments by 2031
According to the report, the global bio-renewable chemicals market was valued at $2.5 billion in 2021 and is projected to reach $7.4 billion by 2031, registering a CAGR of 11.6% from 2022 to 2031. The study provides an in-depth analysis of market dynamics, emerging trends, key investment areas, value chains, regional insights, and competitive landscapes.
Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/156
Market Drivers, Restraints, and Opportunities
Drivers:
- Technological advancements and innovations inβ¦
More Releases for Plastic
Plastic bottles at events - Better party with plastic
Partying, dancing, camping - festivals attract hundreds of thousands of visitors every year in Germany alone. One challenge: supply and safety. For this reason, drinks in glass bottles are banned at most events due to the risk of injury. Lightweight and unbreakable plastic bottles, on the other hand, are considered a safe and practical alternative. Not only that: they can even be used to make a musical instrument.
Festivals or pageantsβ¦
Plastic Pallet With Plastic Crate Use: Efficient Material Handling
When it comes to efficient moving and storage of goods, a combination of plastic pallets [https://www.agriculture-solution.com/plastic-pallet/]and plastic crates is a popular choice. They are widely used in various industries such as manufacturing, retail, agriculture, etc. for storage and transportation of goods. Plastic pallets are designed to provide a stable base for stacking and shipping goods, while plastic crates provide safe and protective containers for stored or transported items. Plastic palletsβ¦
Plastic Granules Market to Witness Massive Growth by Balaji Plastic, Navkar Indu β¦
The Worldwide Plastic Granules Market has witnessed continuous growth in the past few years and is projected to grow at a good pace during the forecast period of 2023-2029. The exploration provides a 360Β° view and insights, highlighting major outcomes of Worldwide Plastic Granules industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improve profitability. Additionally, the study helps venture or emergingβ¦
Insights on the Growth of Plastic Granules Market 2018 to 2025 | Profiling Key C β¦
UpMarketResearch offers a Latest report on βPlastic Granules Market Analysis & Forecast 2018-2025β delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 114 pages which highly exhibits on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.
Request Sample Copy of This Report@ https://www.upmarketresearch.com/home/requested_sample/49052
Plastic Granules research report delivers a close watch on leading competitors with strategicβ¦
Agriculture Film Market SWOT Analysis of Leading Key Players Shandong Tianhe Pla β¦
HTF MI recently introduced Global Agriculture Film Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are British Polythene Industries (BPI), Trioplast, Berry Plastics, Armando Alvarez, Polypak, Barbierβ¦
Building Materials Market 218 : Hepworth, National Plastic Industry, Hira Indust β¦
Building materials in this report covered the PVC pipes and fittings, PPR pipes and fittings, PE pipes and fittings, fabrication, ducts systems for infrastructure, valves and pumps and electrical conduits PVC systems.
At present, Hepworth, National Plastic Industry, Hira Industries, Florance Plastic Industries, Polyfab Plastic Industry, MPI, Union Pipes Industry, ANABEEB, Borouge and ACO Group are the UAE leading suppliers of the building materials, and top ten of them shared aboutβ¦
