Press release
Plastic Recycling Market Upcoming Challenges, Strategies, Segment Insights, Regional Analysis & Trends Forecast Up To 2031
The global plastic recycling market is estimated to reach over USD 77.19 billion by 2031, exhibiting a CAGR of 7.17% during the forecast period 2023-2031.
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The global plastic recycling market is anticipated to experience increased demand due to the growing recognition of the benefits associated with energy conservation and the urgent requirement to reduce carbon emissions. Furthermore, the increasing utilization of recycled plastics in sectors such as construction, automotive, electrical and electronics, textile, and packaging contributes to the mitigation of energy consumption.
Increasing government regulations and policies governing the utilization of single-use plastics in different countries, along with increased investment in the advancement of novel technologies that enhance fuel efficiency, are expected to stimulate market demand.
The proliferation of online shopping has generated a heightened demand for a variety of packaging materials to accommodate a wide range of products, such as personal defence equipment, electronics, and nursing hygiene products. Consequently, there was a surge in demand for recycled plastics throughout this particular era. The market is anticipated to expand during the forecast period as a result of the increasing use of plastic in the manufacturing of lightweight components for a variety of industries, such as automotive, industrial equipment, and mechatronics.
List of Prominent Players in the Plastic recycling Market:
• Kuusakoski
• Berry Global Inc.
• B&B Plastic Inc.
• Plastipak Holdings, Inc.
• WM Recycle America, LLC
• Carbonlite Industries LLC
• Custom Polymers, Inc.
• Dart Container Corporation
• Novolex
• KW Plastics
• MBA Polymers Inc.
• Wellpine Plastic Industrial Co., Ltd
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Segmentation of Plastic Recycling Market-
By Material
• PET
• PP
• HDPE
• LDPE
• PS
• PVC
• Others
By Application
• Packaging
o Food Contact
o Non-food Contact
• Automotive
• Construction
• Textiles
• Others
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By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
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InsightAce Analytic Pvt. Ltd.
Tel.: +1 551 226 6109
Email: info@insightaceanalytic.com
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About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis of key market insights in a timely and cost-effective manner.
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