Press release
Plastic Recycling Market Trends Driving Growth from US$ 45.5 billion to US$ 129.5 Billion by 2035 | TMR Research
Plastic Recycling Market
It is estimated to grow at a CAGR of 9.3% from 2024 to 2035 and reach US$ 129.5 Bn by the end of 2035
Request a PDF Sample of this Report Now!
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=9049
Top Companies:
Kuusakoski
B&B Plastics Inc.
Custom Polymers, Inc.
Dart Container Corporation
Novolex
KW Plastics
MBA Polymers UK Ltd
PLASgran Ltd.
Plastipak Holdings, Inc.
WM Recycle America LLC
Wellpine Plastic, LTD
Others
Overview
Plastic recycling involves the reprocessing of post-consumer or post-industrial plastic waste into usable materials. The market is segmented by recycling type, such as mechanical and chemical recycling, and by polymer type, including polyethylene terephthalate (PET), polyethylene (PE), polypropylene (PP), and others. Recycled plastics are widely used in packaging, construction, automotive, and textiles, contributing to a circular economy.
Key Drivers
Regulatory Push: Governments worldwide are implementing strict policies and bans on single-use plastics, creating a strong demand for recycled alternatives.
Corporate Commitments: Major corporations are pledging to use recycled plastics in their products and packaging, driving demand.
Technological Advancements: Innovations in sorting, cleaning, and recycling technologies are enhancing the efficiency and quality of recycled plastics.
Consumer Awareness: Increasing awareness about environmental sustainability is encouraging consumers to prefer products made from recycled plastics.
Cost-Effectiveness: Recycling plastics is often more economical than producing virgin plastics, especially when combined with government incentives.
Recent Trends
Chemical Recycling Growth: The adoption of chemical recycling technologies, which break plastics down into their monomers, is gaining traction due to its ability to handle mixed and contaminated waste.
Closed-Loop Systems: Companies are investing in closed-loop recycling, ensuring materials are reused within the same industry, particularly in packaging.
Global Expansion: Emerging markets in Asia-Pacific, Latin America, and Africa are witnessing increased investments in plastic recycling infrastructure.
Focus on Hard-to-Recycle Plastics: Efforts are intensifying to recycle traditionally difficult plastics like multilayered films and PVC.
Digital Solutions: AI and machine learning are being integrated into sorting and recycling processes to improve efficiency and accuracy.
Unlock Growth Potential in Your Industry! Download PDF Brochure: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=9049
Challenges
The market faces challenges such as high initial investment costs, inconsistent supply of recyclable waste, and quality issues in recycled plastics. Additionally, the lack of consumer participation in proper segregation of waste can hinder recycling efforts.
Opportunities
Government Support: Subsidies, tax incentives, and grants for recycling projects create opportunities for market growth.
Expansion into Emerging Markets: Developing nations with high plastic consumption and inadequate waste management systems present significant growth potential.
Innovative Products: Developing high-quality recycled materials for advanced applications like automotive components and electronics can unlock new revenue streams.
Public-Private Partnerships: Collaborations between governments, NGOs, and private companies can help establish efficient recycling networks.
Conclusion
The plastic recycling market is poised for substantial growth as the world prioritizes sustainable practices and circular economies. With technological innovations, regulatory support, and increasing awareness, the market is set to transform how plastics are managed and reused globally. While challenges persist, strategic investments and collaborative efforts can drive the market toward a more sustainable future.
Key Segmentation:
By Product
PET
PP
HDPE
LDPE
PS
PVC
Others
By Application
Packaging
Food Contact
Non-food Contact
Automotive
Construction
Textiles
Others
By Region
North America
Europe
Asia Pacific
Middle East & Africa
South America
Explore More Trending Report:
Copper Market- https://www.prnewswire.com/news-releases/copper-market-value-to-reach-us-278-1-bn-by-2031--tmr-study-301716575.html
Copper and Silver Components in Electric Vehicle Market- https://www.globenewswire.com/news-release/2023/6/19/2690319/0/en/Copper-and-Silver-Components-in-Electric-Vehicle-Demand-is-Projected-to-Increase-at-a-15-1-CAGR-between-2023-and-2031-As-per-TMR-Study.html
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact Us:
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
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 Trends Driving Growth from US$ 45.5 billion to US$ 129.5 Billion by 2035 | TMR Research here
News-ID: 3817672 • Views: …
More Releases from Transparency Market Research
Global Galvanized Steel Coil Market for Building Materials Poised to Reach USD 5 …
The global Galvanized Steel Coil Market for Building Materials is entering a high-growth period driven by rapid urbanization, rising investment in infrastructure, sustainability-focused construction practices, and advanced corrosion-resistant technologies. According to the latest industry outlook, the market-valued at USD 32.6 Bn in 2024-is projected to expand at a CAGR of 5.3% from 2025 to 2035, reaching USD 57.2 Bn by 2035.
This press release presents a comprehensive analysis of the market,…
Global Silage Film Market Set to Reach USD 5.5 Billion by 2034, Driven by Sustai …
The global agricultural landscape is undergoing a transformative shift as farmers worldwide adopt modern techniques to enhance crop preservation, livestock feed quality, and operational efficiency. One of the key enablers of this transition is the growing use of silage films-high-performance protective coverings used to store and preserve forage. According to the latest industry assessment, the global silage film market, valued at US$ 2.9 Bn in 2023, is projected to expand…
Global Canine Atopic Dermatitis Market Set to Surpass USD 431.0 Million by 2035 …
The global Canine Atopic Dermatitis Market is poised for strong long-term expansion, projected to grow at a CAGR of 5.8% from 2025 to 2035, increasing from US$ 231.4 Mn in 2024 to more than US$ 431.0 Mn by 2035. Rising cases of allergic skin disorders in dogs, soaring pet adoption rates, and heightened awareness of pet health are collectively shaping the future trajectory of this dynamic industry.
Introduction: Canine atopic dermatitis…
Global Bio-Based Polyethylene Furanoate (PEF) Market Set for Strong Expansion, P …
The global Bio-Based Polyethylene Furanoate (PEF) Market is gaining remarkable momentum as industries worldwide accelerate the shift toward renewable, recyclable, and low-carbon polymer solutions. According to the latest market assessment, the bio-based PEF industry, valued at US$ 13.4 Mn in 2024, is projected to grow at a CAGR of 8.1% between 2025 and 2035, reaching an estimated US$ 31.4 Mn by 2035. Increasing sustainability requirements, consumer demand for eco-friendly packaging,…
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 pageants…
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 pallets…
Plastic Granules Market to Witness Massive Growth by Balaji Plastic, Navkar Indu …
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 360° 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 emerging…
Insights on the Growth of Plastic Granules Market 2018 to 2025 | Profiling Key C …
UpMarketResearch offers a Latest report on “Plastic Granules Market Analysis & Forecast 2018-2025” 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 strategic…
Agriculture Film Market SWOT Analysis of Leading Key Players Shandong Tianhe Pla …
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, Barbier…
Building Materials Market 218 : Hepworth, National Plastic Industry, Hira Indust …
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 about…
