Press release
Plastic Recycling Market at 6.5% CAGR : Share, Analysis, Trend, challenges, Opportunities and Forecast to 2023
Market Synopsis:
Plastic recycling means reprocessing the scrap or waste plastic material into useful products. Plastic is inexpensive, lightweight and durable materials, which can readily be moulded into a variety of products with a wide range of applications. The growing demand for plastics from various industries including construction, food and beverage, and pharmaceutical is expected to propel the growth of the recycled plastics market. Rising consciousness for environmental protection among consumers is also adding to the market growth. However, the lack of awareness for recycled plastic products is the restraint that may hamper the growth of global plastic recycling market.
The Global Plastic Recycling Market is projected to grow at a CAGR of 6.5% from 2017 to 2023, to reach the market size of USD 53.72 billion by the end of the forecast period.
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Regional Analysis of Global Plastic Recycling Market:
Asia-Pacific dominates the global plastic recycling market followed by Europe. Availability of cheap labor and relatively lenient governmental regulations in this region ultimately increase the demand of plastic recycling. This region is expected to grow at the fastest pace during the forecast period. Europe is another important market that is expected to contribute significantly during the forecast period mainly due to rising awareness regarding environmental protection.
Key Players:
The key players of global plastic recycling market are PLASgran Ltd. (U.K.), UltrePET, LLC. (U.S.), Kuusakoski Oy (Finland), Envision Plastics (U.S.),KW Plastics, Inc.U.S.), Custom Polymers, Inc. (U.S.), Advanced Environmental Recycling Technologies, Inc. (U.S.), MBA Polymers UK Ltd. (U.K.), CarbonLITE Industries (U.S.), and Green-O-Tech India (India).
Target Audience:
• Manufacturing Organizations
• Distributors & Suppliers
• Environmental Associations
• Government as well as Independent Regulatory Authorities
• Research Institute / Education Institute
• Potential Investors
The report for Global Plastic Recycling Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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About Us:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
Akash Anand,
Market Research Future
Pune – 411028
Maharashtra, India
Phone No. :+1 646 845 9312
Email: sales@marketresearchfuture.com
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