Recycled Plastic Market is expected to reach US$ 95.5 billion by 2031, growing with a CAGR of 8.9% | Biffa, Stericycle, Republic Services Inc.

The Global Recycled Plastic Market reached US$ 48.6 billion in 2022 and is expected to reach US$ 95.5 billion by 2031, growing with a CAGR of 8.9% during the forecast period 2024-2031.

Recycled Plastic Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Recycled plastic refers to plastic waste that has been processed and repurposed into new materials to reduce environmental impact. The recycling process involves collection, sorting, cleaning, shredding, and remolding into new products such as packaging, textiles, and construction materials. Using recycled plastic helps decrease landfill waste, conserve natural resources, and lower carbon emissions. Industries such as automotive, fashion, and consumer goods are increasingly adopting recycled plastics to promote sustainability. Governments and organizations worldwide are implementing regulations to encourage plastic recycling and reduce pollution.

List of the Key Players in the Recycled Plastic Market:

Covetsro AG, REMONDIS SE & Co. KG, Biffa, Stericycle, Republic Services, Inc., WM Intellectual Property Holdings, L.L.C., Veolia, Shell International B.V., Waste Connections, CLEAN HARBORS, INC.

Industry Development:

On February 9, 2023, TotalEnergies and Ecolab announced a collaboration aimed at enhancing circularity in heavy-use packaging markets by introducing plastic packaging made from recycled materials. This initiative stems from their joint efforts to provide TotalEnergies' RE use rPE6314 grade, part of the RE portfolio of circular polymers, within the MAXX S range for Facility care products. This launch signifies the incorporation of post-consumer recycled (PCR) plastic into primary packaging for highly concentrated cleaning solutions. It is part of a broader effort by both companies to promote waste prevention strategies while protecting people, the environment, and businesses.

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Growth Forecast Projected:

The Global Recycled Plastic Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Recycled Plastic Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Recycled Plastic Market:

By Type: Post Consumer Recyclate, Industrial Recyclate

By Plastic Type: Polyethylene, Polyethylene Terephthalate, Polypropylene, Polyvinyl Chloride, Polystyrene, Others

By Source: Bottles, Films, Foams, Fibers, Others

By Process: Mechanical, Chemicals, Others

By End-User: Building & Construction, Packaging, Electrical & Electronics, Textiles, Automotive, Others

Regional Analysis for Recycled Plastic Market:

The regional analysis of the Recycled Plastic Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Recycled Plastic market?

➠ Who are the leading manufacturers in the global Recycled Plastic industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Recycled Plastic industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Recycled Plastic market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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