Press release
Plastic Recycling Market Top Players - Kuusakoski, Berry Global Inc., B&B Plastic Inc., Plastipak Holdings, Inc., WM Recycle America.
Plastic Recycling Market
Global Plastic Recycling Market 2025-2034 full Research Repot latest version is now available.
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Latest Drivers Restraint and Opportunities Market Snapshot:
Key factors influencing the global plastic recycling market are:
• Increasing the Disposal of Plastic
• Growing Use of Plastics
• Technological Development
The following are the primary obstacles to plastic recycling market's expansion:
• Substantial Startup and Ongoing Expenses
• Insufficient consistent guidelines
• Restricted access to recycling technology
Future expansion opportunities for the global plastic recycling market include:
• Growing research and development
• Some countries are implementing favorable legislation
• Expanding financial resources
Key Industry Insights & Findings from the report:
• Raising consumer attention and understanding of the positive effects of recycling plastic.
• The expansion of the industry is significantly influenced by federal laws and initiatives that support the recycling and management of plastic trash.
• North America dominated the market and accounted for a revenue share of global revenue in 2023.
• Inadequate infrastructure and recycling services hinder the market expansion.
Market Analysis:
Plastic recycling refers to the process of transforming waste or discarded plastics into useful and functional materials. The plastic recycling sector has experienced significant growth, driven by escalating global concerns regarding plastic pollution and a growing demand for environmentally sustainable solutions. Key factors contributing to this market expansion include government policies and regulations, increased consumer awareness, and the widespread adoption of renewable energy practices. These elements are anticipated to continue propelling the industry's growth in the coming years.
List of Prominent Players in the Plastic Recycling Market:
• B&B Plastics Inc.
• Berry Global Inc.
• CarbonLite Industries LLC
• Custom Polymers Inc.
• Dart Container Corporation
• Envision Plastics
• Fresh-Pak Corporation
• Green-O-Tech India
• Jayplas
• Joe's Plastics Inc.
• Kuusakoski Group Oy
• KW Plastics Inc.
• MBA Polymers Inc.
• Montello S.p. A.
• MTM Plastics GmbH
• Novolex
• Plasgran Ltd.
• Plastic Recycling Inc.
• Plastipak Holdings, Inc.
• Recycled Plastics UK
• RJM International Inc.
• Seraphim Plastics
• Shakti Plastics Industries
• Teijin Limited
• Ultra Poly Corporation
• UltrePET
• Veolia
• Wellpine Plastic Industrial Co., Ltd.
• WM Recycle America, LLC
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Recent Developments:
• In Novemnber 2024, Novolex and Pactiv Evergreen Inc. confirmed that they had reached an official agreement to merge, forming a major producer of specialized packaging, nourishment, and drinks materials.
• In December 2024, Teijin Frontier Co., Ltd. declared that it has created a contemporary, comfortable material that combines the ability to cool touch with the ability to avoid perspiration adhesion. The unique substance has a knit construction with two layers. Teijin Frontier's recently created hydrophilic WAVERON fiber and traditional aqueous WAVERON material mix at the interior level.
• In January 2025, Leadec and Jayplas partnered on an innovative initiative that aims to create a fully closed-circuit process by recycling and reusing waste plastic packaging. Jayplas gathered recyclable LDPE material from the company's Halewood activities to create plastic bags with entirely renewable content for internal use at Leadec's Halewood activities. This film was then recycled and made in Jayplas UK facilities.
Market Dynamics
Market Drivers: Rising Plastic Waste Generation
The increasing accumulation of plastic waste is a key factor propelling demand within the plastic recycling sector. Plastic waste poses substantial environmental risks, impacting both human health and ecological systems globally. Recycling initiatives play a crucial role in mitigating these effects by diverting discarded plastics from landfills and incineration, converting them into reusable materials. Consequently, the escalating volume of plastic waste is a significant contributor to the growth of the plastic recycling market.
Challenges: Substantial Capital and Operational Expenditures
The plastic recycling industry faces considerable challenges related to the high capital investment and ongoing operational costs required for advanced recycling technologies and processes. These financial barriers can limit adoption, especially among small and medium-sized enterprises. Additionally, market expansion is often constrained by volatility in virgin plastic prices and the overall economic feasibility of recycling activities. Inconsistencies in regulatory frameworks across different regions further complicate industry growth and standardization efforts.
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North America Is Expected to Grow with The Highest CAGR During the Forecast Period
The North American plastic recycling market is projected to secure a significant share of global revenue and demonstrate robust growth in the foreseeable future. This expansion is driven by stringent regulatory frameworks and a well-established recycling infrastructure throughout the region. In particular, the United States is actively promoting higher recycling rates and reducing landfill dependency through various policy initiatives and legislative efforts.
Furthermore, increasing consumer awareness regarding the environmental consequences of plastic waste, along with growing demand for sustainable and eco-friendly products, is fueling market growth. Advances in recycling technologies and the strategic presence of prominent industry players also play a pivotal role in supporting the development of the plastic recycling sector in North America.
Segmentation of Plastic Recycling Market-
By Material-
• PET
• PP
• HDPE
• LDPE
• PS
• PVC
• Others
By Application-
• Packaging
• Automotive
• Construction
• Textiles
• Others
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
Read Overview Report- https://www.insightaceanalytic.com/report/plastic-recycling-market/1621
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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