Press release
Recycled Plastic Market Size, Industry Share, Growth Report, 2032 | Asia Pacific dominated the recycled plastic market with a market share of 60.55% in 2023.
Recycled Plastic Market
Recycled plastic is waste or scraps of plastic materials processed into useful products. The rising strict regulations on the usage of single-use polymers and the initiatives taken by governments in China, Brazil, Europe, and India are predicted to promote recycling. The development of products and innovation, consisting of films, cutlery using Post-Consumer Recycled (PCR) plastics, and packaging bottles, will offer huge growth opportunities for the market.
This information is provided by Fortune Business Insightsโข in its research report titled "Recycled Plastic Market Size, Share, Global Report, Growth, 2024-2032."
๐ฎ๐๐ ๐ ๐ญ๐๐๐ ๐บ๐๐๐๐๐ ๐น๐๐๐๐๐๐๐ ๐น๐๐๐๐๐ - https://www.fortunebusinessinsights.com/recycled-plastic-market-102568
Competitive Landscape:
Prominent Market Players to Use Product Innovative to Augment the Performance of Their Offerings
One of the prominent companies, Coca-Cola Company Inc., is growing globally by using strategies such as expansion, product innovation, and joint ventures. The company has made a strategy under which it is expected to convert 100% of its packaging into recyclable products by 2030 and use 50% of recycled material in the company's packaging products.
List of Key Players Mentioned in the Report:
KW Plastics (U.S.), Veolia (France), Custom Polymers (U.S.), Plastipak Holdings (U.S.), The Coca-Cola Company Incorporated (U.S.), Suez (France), Schoenberg & Co. U.S.), Fresh Pak Corporation (U.S.), B&B Plastics (U.S.), Green Line Polymers (U.S.), Ultra Poly Corporation (U.S.), Clear Path Recycling (U.S.), Jayplas (U.K.), MBA Polymers (U.S.), RJM International Inc. (U.S.), CarbonLite Industries LLC (U.S.), Envision Plastics Industries LLC (U.S.), ReVital Polymers (Canada)
Recycled Plastic Market Segmentation:
Polyethylene Terephthalate to Hold the Largest Share Owing to its Unique Characteristics
Based on type, the market is divided into high-density polyethylene (HDPE), polyethylene terephthalate (PET), low-density polyethylene (LDPE), polypropylene, and others. Polyethylene terephthalate is the biggest segment due to its large-scale usage for bottling applications and food packaging. PP is one of the most used plastic due to its high demand from automotive industries and packaging.
Non-Food Packaging Segment to Drive Demand for Packaging Products and Bottles
On the basis of application, the market is segmented into food packaging, non-food packaging, automotive, construction, and others. The non-food segment is anticipated to hold the biggest recycled plastic market share through the projected period.
๐ฎ๐๐ ๐ ๐ธ๐๐๐๐ - https://www.fortunebusinessinsights.com/enquiry/get-a-quote/recycled-plastic-market-102568
Recycled Plastic Market Report Coverage:
The report offers:
Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
Comprehensive insights into regional developments.
List of major industry players.
Key strategies adopted by the market players.
Latest industry developments such as product launches, partnerships, mergers, and acquisitions.
Drivers and Restraints:
Increasing Adoption in Packaging Industry to Boost the Usage of Recycled Plastic
The demand for recycled materials is advancing in various industries, such as consumer goods and food & beverages. The consumption of recycled polymer is growing due to the high demand for food-safe packaging material. Apart from food and beverage packaging, recycled polymers are used in the packaging of products such as toys, sports equipment, and fashion accessories, which helps with durability. This will augment the recycled plastic market growth globally.
Virgin polymers are favored in applications that require specific compositions of additives and chemicals. Further, the COVID-19 pandemic caused a decrease in crude oil prices, resulting in the reduction of virgin plastics' costs compared to its recycled alternative. The listed factors are anticipated to hinder the market growth during the forecast period.
๐น๐๐๐ ๐ด๐๐๐ ๐ฐ๐๐๐๐๐๐๐๐๐๐ - https://www.fortunebusinessinsights.com/recycled-plastic-market-102568
Regional Insights:
Asia Pacific to Dominate Owing to Leading Recycled Plastic Consuming Countries
Asia Pacific is anticipated to remain the largest share-holding region during the forecast period. Due to India and China being the leading recycled plastic-consuming countries hence, the region is anticipated to lead the market.
In Europe, the increasing demand for products from the construction and automotive industry is rising significantly.
Recycled Plastic Industry Development:
February 2021: Coca-Cola introduced a new 13.2-oz. bottle manufactured using 100% rPET in the U.S. This will reduce the use of new plastics in the company's beverage products sold in the U.S.
Detailed Table of Content Research Report, 2024-2032
1 Recycled Plastic Market Overview
2 Market Upstream and Downstream Analysis
3 Players Profiles
5 Global Sales, Revenue, Price Trend by Type
6 Global Recycled Plastic Market Analysis by Application
7 Global Recycled Plastic Market Sales and Revenue Region Wise (2017-2022)
8 Global Recycled Plastic Market Forecast (2024-2032)
9 Industry Outlook
10 Research Findings and Conclusion
11 Appendix
Continuedโฆ
Contact Us:
Fortune Business Insightsโข Pvt. Ltd.
9th Floor, Icon Tower, Baner-Mahalunge Road,
Baner, Pune-411045, Maharashtra, India.
Phone:
US: +1 424 253 0390
UK: +44 2071 939123
APAC: +91 744 740 1245
Email: sales@fortunebusinessinsights.com
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Fortune Business Insightsโข offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
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 Recycled Plastic Market Size, Industry Share, Growth Report, 2032 | Asia Pacific dominated the recycled plastic market with a market share of 60.55% in 2023. here
News-ID: 3676515 • Views: โฆ
More Releases from Fortune Business Insights
Future of Renewable Energy Market Insights: Growth Drivers, and Regional Develop โฆ
Global Renewable Energy Market Overview
The global renewable energy market size was valued at USD 954 billion in 2023. The market is projected to grow from USD 1,020.94 billion in 2024 to USD 1,574.17 billion by 2032, exhibiting a CAGR of 5.56% during the forecast period. Asia Pacific dominated the renewable energy market with a market share of 67.76% in 2023. The Renewable energy market in the U.S. is projected toโฆ
DC Drives Market Overview: Opportunities, Growth Drivers, and Key Applications
Market Overview
The global DC drives market size was valued at USD 4.34 billion in 2018 and is projected to reach USD 9.23 billion by 2032, exhibiting a CAGR of 5.59% during the forecast period of 2019-2032. Asia Pacific dominated the global market with a share of 28.8% in 2018. The DC drives market in the U.S. is projected to grow significantly, reaching an estimated value of USD 1.59 billion byโฆ
Humanoid Robots Market: An In-depth B2B Analysis of Size, Share, and Future Grow โฆ
Brief Market Overview:
The global humanoid robots market is rapidly transitioning from a nascent field into a major growth sector, with its value escalating from USD 2.43 billion in 2023 to a projected USD 66.0 billion by 2032, demonstrating a remarkable CAGR of 45.5%.
These complex machines, which merge mechanical, electrical, and software engineering, are moving beyond research labs into real-world applications across industrial, service, and household sectors. This explosive growthโฆ
Methanol Market Poised for Remarkable Growth, set to Reach USD 46.32 billion by โฆ
The global methanol market size was valued at USD 31.26 billion in 2023. It is projected to grow from USD 32.70 billion in 2024 to USD 46.32 billion by 2032, exhibiting a CAGR of 4.5% during the forecast period.
The global methanol market size is set to gain traction from the urgent need to lower environmental pollution caused by the surging usage of heavy fuels, such as diesel and gasoline. Pollutionโฆ
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 pageantsโฆ
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 palletsโฆ
Plastic Granules Market to Witness Massive Growth by Balaji Plastic, Navkar Indu โฆ
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 360ยฐ 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 emergingโฆ
Insights on the Growth of Plastic Granules Market 2018 to 2025 | Profiling Key C โฆ
UpMarketResearch offers a Latest report on โPlastic Granules Market Analysis & Forecast 2018-2025โ 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 strategicโฆ
Agriculture Film Market SWOT Analysis of Leading Key Players Shandong Tianhe Pla โฆ
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, Barbierโฆ
Building Materials Market 218 : Hepworth, National Plastic Industry, Hira Indust โฆ
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 aboutโฆ
