Recycled Plastics Market to Reach US$ 57.71 Bn by 2030, Growing at 8.9% CAGR

𝐑𝐞𝐜𝐲𝐜𝐥𝐞𝐝 𝐏𝐥𝐚𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬, 𝐓𝐫𝐞𝐧𝐝𝐬, 𝐚𝐧𝐝 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬

The global recycled plastics market is witnessing robust growth, driven by increasing environmental awareness and government regulations to reduce plastic waste. The market, valued at US$ 31.77 Bn. in 2023, is projected to grow at a CAGR of 8.9%, reaching US$ 57.71 Bn.by 2030. This press release explores the market dynamics, regional developments, and recent advancements in countries like Vietnam, Thailand, Japan, South Korea, Singapore, the US, and Europe.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐝𝐚𝐭𝐚 𝐚𝐧𝐝 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐛𝐲 𝐯𝐢𝐞𝐰𝐢𝐧𝐠 𝐭𝐡𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 @https://www.maximizemarketresearch.com/request-sample/10814/

𝐑𝐞𝐜𝐲𝐜𝐥𝐞𝐝 𝐏𝐥𝐚𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐕𝐢𝐞𝐭𝐧𝐚𝐦:

Vietnam is emerging as a key player in the recycled plastics market, thanks to its expanding manufacturing sector and government initiatives to combat plastic pollution. Companies like 𝐕𝐢𝐞𝐭𝐧𝐚𝐦 𝐑𝐞𝐜𝐲𝐜𝐥𝐢𝐧𝐠 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 and 𝐇𝐨𝐚 𝐒𝐞𝐧 𝐏𝐥𝐚𝐬𝐭𝐢𝐜 have invested in advanced recycling facilities to meet domestic and export demands. Recent collaborations with global giants such as 𝐕𝐞𝐨𝐥𝐢𝐚 highlight Vietnam's growing influence in the sustainable materials market.

𝐑𝐞𝐜𝐲𝐜𝐥𝐞𝐝 𝐏𝐥𝐚𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐡𝐚𝐢𝐥𝐚𝐧𝐝:

Thailand's recycled plastics industry is experiencing significant growth, driven by its status as a regional hub for plastic waste recycling. Leading firms such as 𝐒𝐂𝐆 𝐂𝐡𝐞𝐦𝐢𝐜𝐚𝐥𝐬 and 𝐈𝐧𝐝𝐨𝐫𝐚𝐦𝐚 𝐕𝐞𝐧𝐭𝐮𝐫𝐞𝐬 are scaling up operations with cutting-edge technologies. The government's "Plastic Waste Management Roadmap" aims to achieve a circular economy, further boosting the industry's growth.

𝐑𝐞𝐜𝐲𝐜𝐥𝐞𝐝 𝐏𝐥𝐚𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 𝐉𝐚𝐩𝐚𝐧:

Japan's focus on innovation and sustainability has positioned it as a leader in the recycled plastics market. Companies like 𝐓𝐞𝐢𝐣𝐢𝐧 𝐋𝐢𝐦𝐢𝐭𝐞𝐝 and 𝐓𝐨𝐫𝐚𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐞𝐬 are developing high-performance recycled plastics for automotive and electronics applications. Japan's stringent recycling regulations and consumer demand for eco-friendly products continue to drive advancements in this sector.

𝐆𝐞𝐭 𝐚 𝐜𝐥𝐨𝐬𝐞𝐫 𝐥𝐨𝐨𝐤 𝐚𝐭 𝐭𝐡𝐞 𝐠𝐚𝐦𝐞-𝐜𝐡𝐚𝐧𝐠𝐢𝐧𝐠 𝐩𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐝𝐫𝐢𝐯𝐢𝐧𝐠 𝐬𝐮𝐜𝐜𝐞𝐬𝐬 :https://www.maximizemarketresearch.com/request-sample/10814/

𝐑𝐞𝐜𝐲𝐜𝐥𝐞𝐝 𝐏𝐥𝐚𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐂𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐒𝐨𝐮𝐭𝐡 𝐊𝐨𝐫𝐞𝐚:

South Korea's recycled plastics market is undergoing consolidation as key players expand their capacities and portfolios. 𝐋𝐆 𝐂𝐡𝐞𝐦 recently acquired a significant stake in 𝐃𝐚𝐞𝐬𝐚𝐧 𝐏𝐥𝐚𝐬𝐭𝐢𝐜 𝐑𝐞𝐜𝐲𝐜𝐥𝐢𝐧𝐠, enhancing its capabilities in PET recycling. Government incentives for green technologies are also encouraging the development of innovative recycling methods.

𝐑𝐞𝐜𝐲𝐜𝐥𝐞𝐝 𝐏𝐥𝐚𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐔𝐩𝐝𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐒𝐢𝐧𝐠𝐚𝐩𝐨𝐫𝐞:

Singapore is leveraging its strategic position as a global trade hub to become a leader in recycled plastics. Companies such as 𝐒𝐞𝐦𝐛𝐜𝐨𝐫𝐩 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐞𝐬 are integrating recycling processes with waste-to-energy plants to optimize resource utilization. Collaborative projects with academic institutions are fostering breakthroughs in plastic recycling technologies.

𝐑𝐞𝐜𝐲𝐜𝐥𝐞𝐝 𝐏𝐥𝐚𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐢𝐧 𝐔𝐧𝐢𝐭𝐞𝐝 𝐒𝐭𝐚𝐭𝐞𝐬:

The United States remains a dominant player in the recycled plastics market, with strong demand in packaging, automotive, and construction sectors. Companies like 𝐖𝐚𝐬𝐭𝐞 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭, 𝐑𝐞𝐩𝐮𝐛𝐥𝐢𝐜 𝐒𝐞𝐫𝐯𝐢𝐜𝐞𝐬, 𝐚𝐧𝐝 𝐂𝐚𝐫𝐛𝐨𝐧𝐋𝐢𝐭𝐞 are driving advancements in recycling infrastructure. Recent mergers, such as 𝐂𝐚𝐫𝐛𝐨𝐧𝐋𝐢𝐭𝐞'𝐬 acquisition by 𝐀𝐥𝐭𝐢𝐮𝐦 𝐏𝐚𝐜𝐤𝐚𝐠𝐢𝐧𝐠, underline the industry's focus on scalability and efficiency.

𝐔𝐧𝐥𝐨𝐜𝐤 𝐜𝐫𝐢𝐭𝐢𝐜𝐚𝐥 𝐦𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐛𝐲 𝐞𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐭𝐡𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐯𝐢𝐚 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤 @https://www.maximizemarketresearch.com/request-sample/10814/

𝐑𝐞𝐜𝐲𝐜𝐥𝐞𝐝 𝐏𝐥𝐚𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐚𝐧𝐝 𝐓𝐫𝐞𝐧𝐝𝐬 𝐄𝐮𝐫𝐨𝐩𝐞:

Europe's recycled plastics market is thriving, driven by stringent environmental regulations and strong consumer demand for sustainable products. Industry leaders like 𝐏𝐥𝐚𝐬𝐭𝐢𝐜 𝐄𝐧𝐞𝐫𝐠𝐲 and 𝐓𝐨𝐦𝐫𝐚 𝐒𝐲𝐬𝐭𝐞𝐦𝐬 are investing heavily in advanced recycling technologies. The European Union's Circular Economy Action Plan continues to set benchmarks for recycling standards and innovation.

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐛𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭

Bottles
Films
Fibers
Foams
Others

𝐛𝐲 𝐏𝐥𝐚𝐬𝐭𝐢𝐜 𝐓𝐲𝐩𝐞

Polyethylene Terephthalate (PET)
Polyethylene (PE)
Polyvinyl Chloride (PVC)
Polypropylene (PP)
Polystyrene (PS)
Others

𝐛𝐲 𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧

Packaging
Building & Construction
Textile
Automotive
Electrical & Electronics
Others

Over the course of the projected period, the packaging segment is anticipated to expand at a CAGR of 8.2%. There are a number of legal, social, economic, environmental, and technical barriers to using recycled materials in package production. A few examples are rising recycling costs, a lack of raw materials, the development of technology to separate different components, and an increase in lawsuits. One of the difficulties faced by operators who want to use secondary raw materials is uncertainty over their quality.

𝐛𝐲 𝐏𝐫𝐨𝐜𝐞𝐬𝐬

Mechanical
Chemical

𝐛𝐲 𝐓𝐲𝐩𝐞

Post-Consumer Recyclate
Industrial Recyclate

𝐆𝐞𝐭 𝐚 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬:https://www.maximizemarketresearch.com/market-report/global-recycled-plastics-market/10814/

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚
1. Clear Path Recycling
2. Plastipak
3. Republic Services
4. Stericycle
5. B. Schoenberg
6. Waste Connections
7. MBA Polymers

𝐄𝐮𝐫𝐨𝐩𝐞
8. Suez Environment
9. Jayplas
10. Biffa
11. Remondis
12. Plastic Recycling Amsterdam
13. Resiclo

𝐀𝐏𝐀𝐂
14. Indorama Ventures
15. Far Eastern New Century
16. Asia Plastic Recycling Holdings
17. Jeplan
18. KK Plastic Waste Management
19. Srichakra Polyplast

𝐌𝐢𝐝𝐝𝐥𝐞 𝐄𝐚𝐬𝐭 𝐚𝐧𝐝 𝐀𝐟𝐫𝐢𝐜𝐚
20. Saudi Investment Recycling
21. Tadweer Group
22. Renie
23. Kaltani
24. Pakam

𝐒𝐨𝐮𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚
25. Lar Plásticos

𝐑𝐞𝐜𝐞𝐧𝐭 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐑𝐞𝐜𝐲𝐜𝐥𝐞𝐝 𝐏𝐥𝐚𝐬𝐭𝐢𝐜𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

𝐕𝐢𝐞𝐭𝐧𝐚𝐦 𝐑𝐞𝐜𝐲𝐜𝐥𝐢𝐧𝐠 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 launched a new facility for processing PET and HDPE plastics.
𝐒𝐂𝐆 𝐂𝐡𝐞𝐦𝐢𝐜𝐚𝐥𝐬 partnered with 𝐃𝐨𝐰 𝐂𝐡𝐞𝐦𝐢𝐜𝐚𝐥 to enhance plastic recycling capabilities in Thailand.
Japan's 𝐓𝐞𝐢𝐣𝐢𝐧 𝐋𝐢𝐦𝐢𝐭𝐞𝐝 introduced recycled plastics for lightweight automotive components.
𝐋𝐆 𝐂𝐡𝐞𝐦 acquired 𝐃𝐚𝐞𝐬𝐚𝐧 𝐏𝐥𝐚𝐬𝐭𝐢𝐜 𝐑𝐞𝐜𝐲𝐜𝐥𝐢𝐧𝐠 to expand its portfolio in South Korea.

𝐂𝐡𝐞𝐜𝐤 𝐨𝐮𝐭 𝐨𝐮𝐫 𝐭𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐬𝐭𝐮𝐝𝐢𝐞𝐬 𝐭𝐨 𝐮𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐬𝐡𝐢𝐟𝐭𝐬 :

♦ Wedding Services Market https://www.maximizemarketresearch.com/market-report/wedding-services-market/229647/

♦ Tofu Market https://www.maximizemarketresearch.com/market-report/global-tofu-market/111769/

♦ Global Portland Cement Market https://www.maximizemarketresearch.com/market-report/global-portland-cement-market/54816/

♦ Floriculture Market https://www.maximizemarketresearch.com/market-report/global-floriculture-market/23982/

♦ Ayurvedic Market https://www.maximizemarketresearch.com/market-report/global-ayurvedic-market/23882/

♦ NoSQL Database Market https://www.maximizemarketresearch.com/market-report/global-nosql-database-market/97851/

♦ Global Recruitment Process Outsourcing (RPO) Market https://www.maximizemarketresearch.com/market-report/global-recruitment-process-outsourcing-rpo-market/51657/

♦ Global Washing Machine Market https://www.maximizemarketresearch.com/market-report/washing-machine-market/14800/

♦ Orthodontic Market https://www.maximizemarketresearch.com/market-report/orthodontic-market/186269/

♦ Fruit Fillings Market https://www.maximizemarketresearch.com/market-report/fruit-fillings-market/198740/

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬:

MAXIMIZE MARKET RESEARCH PVT. LTD.
3rd Floor, Navale IT park Phase 2,
Pune Banglore Highway, Narhe
Pune, Maharashtra 411041, India.
+91 9607365656
sales@maximizemarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Maximize Market Research is one of the fastest-growing market research and business consulting firms serving clients globally. Our revenue impact and focused growth-driven research initiatives make us a proud partner of majority of the Fortune 500 companies. We have a diversified portfolio and serve a variety of industries such as IT & telecom, chemical, food & beverage, aerospace & defense, healthcare and others.

This release was published on openPR.