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Plastic Recycling Market is Expected to Reach Huge Growth by 2031 - ADM, Cargill Inc., Danisco A/S, Tate & Lyle, Ingredion

09-06-2024 02:05 PM CET | Health & Medicine

Press release from: DataM Intelligence 4 Market Research LLP

Plastic Recycling Market || 2024-2031

Plastic Recycling Market || 2024-2031

The global Plastic Recycling market was valued at USD 28.3 billion in 2024 and is projected to reach USD 60.2 billion by 2031, growing at a CAGR of 8.9% from 2024 to 2031. Increased consumer awareness and environmental concerns about plastic pollution, particularly its impact on marine life and ecosystems, are driving a greater emphasis on plastic waste recycling.

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Market Dynamics:

Rising Collaboration for Plastic Recycling in Automotive Industry

Automotive manufacturers are investigating closed-loop recycling systems, where plastic waste from production processes is collected, sorted, and recycled into new components. This approach reduces the reliance on traditional plastic materials and ensures that valuable feedstocks remain in a circular loop.

Segment Covered in the Plastic Recycling Market:

By Material: Polyethylene (PE), Polypropylene (PP), Polystyrene (PS), Polyethylene Terephthalate (PET))

By Application: Packaging, Automotive, Construction, Others

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Major Key players involved in Plastic Recycling Market:

• Plastipak industries Inc.
• CarbonLITE Industries
• HUD Group
• Plastima
• Iavglobal Co., Ltd.
• Nam Phong Industry
• KW Plastics
• Custom Polymers
• MBA Polymers Inc.
• Wellpine Plastic Industrial Co.,Ltd

Regional Analysis:

The global Plastic Recycling Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa.

The Plastic Recycling Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Transradial Access Devices Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

Related Reports:

Plastic Additive Market: https://www.datamintelligence.com/research-report/plastic-additive-market

Mold Release Agents Market: https://www.datamintelligence.com/research-report/mold-release-agents-market

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