Global Plastic Recycling Market to be worth US$56.8 bn over 2016-2024

Plastic recycling is a process of cleaning, sorting and processing of pre-consumer or post-consumer plastic waste into resins for various applications. This plastic scrap can be rigid, like bottles, containers, furniture etc., or non-rigid, like films, wrappers, pliable sheets etc. The plastic recycling market is also segmented based on resin type as PET, PP, HDPE, LDPE, PS, PVC, and others. PET is largely recycled into PET fibers and yarns for textile applications. However, most of the plastics end-up as construction products such as plastic lumber, landscaping furniture, and roof & floor tiles.

The report estimates and forecasts the plastic recycling market on the global, regional, and country levels. The study provides forecast between 2016 and 2024 based on volume (kilo tons) and revenue (US$ Mn) with 2015 as the base year. The report comprises an exhaustive value chain analysis for each of the product segments. It provides a comprehensive view of the market. Value chain analysis also offers detailed information about value addition at each stage. The study includes drivers and restraints for the plastic recycling market along with their impact on demand during the forecast period. The study also provides key market indicators affecting the growth of the market. The report analyzes opportunities in the plastic recycling market on the global and regional level. Drivers, restraints, and opportunities mentioned in the report are justified through quantitative and qualitative data. These have been verified through primary and secondary resources. Furthermore, the report analyzes substitute analysis of plastic recycling and global average price trend analysis.

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The report includes Porter’s Five Forces Model to determine the degree of competition in the plastic recycling market. It comprises qualitative write-up on market attractiveness analysis, wherein sources, materials, applications and countries have been analyzed based on attractiveness for each region. Growth rate, market size, raw material availability, profit margin, impact strength, technology, competition, and other factors (such as environmental and legal) have been evaluated in order to derive the general attractiveness of the market. The report comprises price trend analysis for plastic recycling between 2016 and 2024.

Global Plastic Recycling Market: Segmentation

The study provides comprehensive view of the plastic recycling market by dividing it into source, material, application and geography. The plastic recycling market has been segmented by source into rigid and non-rigid. Based on material the market is segmented as PET, PP, HDPE, LDPE, PS, PVC, and Others (ABS, Nylon, Polycarbonate etc.). Based on application the market is segmented as Packaging, Automotive, Construction, Textile, and Others (Industrial, Consumer Goods, etc.).The segments have been analyzed based on historic, present, and future trends.

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Global Plastic Recycling Market: Regional Outlook

Regional segmentation includes the current and forecast of plastic recycling in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). Key countries such as the U.S., France, Germany, Italy, the U.K., China, India, ASEAN, South Africa, Mexico, and Brazil have been included in the study. Market segmentation includes amount of plastic recycled by material (resin) and application in all the regions and countries.

In-depth interviews and discussions with wide range of key opinion leaders and industry participants were conducted to compile this research report. Primary research represents the bulk of research efforts, supplemented by extensive secondary research. Key players’ product literature, annual reports, press releases, and relevant documents were reviewed for competitive analysis and market understanding. This helped in validating and strengthening secondary research findings. Primary research further helped in developing the analysis team’s expertise and market understanding.

Key Players Mentioned in the Report are:

The report covers detailed competitive outlook that includes market share and profiles of key players operating in the global market. Major players profiled in the report include ARORA FIBRES Limited, Kuusakoski, B&B Plastics Inc., KW Plastics, MBA Polymers UK Ltd., PLASgran Ltd. Company profiles include attributes such as company overview, number of employees, brand overview, key competitors, business overview, business strategies, recent/key developments, acquisitions, and financial overview (wherever applicable).

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