Press release
Global Recycled Plastics Market Overview 2018, Size, Demand by Regions, Share and Forecast to 2023
The global recycled plastics market has witnessed a healthy growth over the past few years. Some of the major driving factors include rising environmental awareness and government initiatives aimed to reduce carbon emissions.Request a sample report: https://www.imarcgroup.com/request?type=report&id=841&flag=B
According to IMARC Group’s latest report, titled “Recycled Plastics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global recycled plastics market reached a value of US$ 37 Billion in 2017. As plastic waste is non-biodegradable, it is essential to recycle plastic and reduce solid waste in the environment. Plastic recycling is the process in which selective scraps of plastic are reprocessed into new products instead of using virgin resin. This process includes collection of scraps, sorting, shredding, cleaning, melting and making of plastic pellets. This recycled plastic is then used in the manufacturing of several products such as toys, bags, plastic chairs, toothbrushes, etc.
Highlights of the global recycled plastics market:
The rising awareness about carbon emissions among the consumers is the major driver of the market.
On the basis of type, Polyethylene Terephthalate (PET) accounts for the majority of the market share.
North America holds the majority of the global share, representing the largest market.
The production of plastic emits huge amounts of carbon dioxide emission in the environment, thereby increasing the level of greenhouse gases in the air. Rising environmental awareness among the consumers worldwide is spurring the demand for recycled plastic products. Further, recycling of plastic reduces oil usage and the amount of discarded waste. On account of this, the recycled plastic market has witnessed a surge. Moreover, government initiatives in numerous countries aimed to reduce carbon emissions and non-biodegradable plastic waste are further contributing to the growth of the market. Owing to these factors, the market is anticipated to reach a value of US$ 52 Billion by 2023, registering a CAGR of 5.7% during 2018-2023.
The market has been segregated on the basis of type. Currently, Polyethylene Terephthalate (PET) accounts for the majority of the global market share. It is followed by High Density Polyethylene (HDPE), Polypropylene (PP) and Low Density Polyethylene (LDPE). The market has been further segmented on the basis of raw materials. The major raw materials used in the production of recycled plastics include bottles, rigid plastic and foam, bags and films, and carpets and fibres. On the basis of applications, non-food contact packaging is the leading segment, followed by food contact packaging, construction and automotive. Region-wise, North America represents the biggest market, accounting for the majority of the global share. Other major regions include Europe, Asia Pacific, Latin America, and Middle East and Africa. On evaluating the competitive landscape of the market, it is found that the key players include Avangard Innovative LP, B. Schoenberg and Co., Inc., Delta Plastics, UltrePET LLC, and CarbonLITE Industries.
Read full report with TOC: https://www.imarcgroup.com/recycled-plastics-market
The report has examined the global recycled plastics market on the basis of:
Plastic Type:
Polyethylene Terephthalate (PET)
High Density Polyethylene (HDPE)
Polypropylene (PP)
Low Density Polyethylene (LDPE)
Others
Raw Material:
Bottles
Rigid Plastics and Foam
Bags and Films
Carpets and Fibres
Others
Application:
Non-Food Contact Packaging
Food Contact Packaging
Construction
Automotive
Others
Region:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Major Manufacturers:
Avangard Innovative LP
B. Schoenberg and Co., Inc.
Delta Plastics
UltrePET LLC
CarbonLITE Industries
Browse related reports:
Plastic Caps and Closure Market Research Report: https://www.imarcgroup.com/plastics-caps-closure-market
Paper Cups Market Research Report: https://www.imarcgroup.com/paper-cups-manufacturing-plant
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact us
IMARC Group
309 2nd St, Brooklyn, NY 11215, USA
Website: www.imarcgroup.com
Email: sales@imarcgroup.com
USA: +1-631-791-1145
Follow us on twitter: @imarcglobal
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 Global Recycled Plastics Market Overview 2018, Size, Demand by Regions, Share and Forecast to 2023 here
News-ID: 977328 • Views: …
More Releases from IMARC Group

GCC Pet Food Market Size is Expected to Reach USD 422.9 Million By 2033 | CAGR: …
GCC Pet Food Market Overview
Market Size in 2024: USD 266.2 Million
Market Size in 2033: USD 422.9 Million
Market Growth Rate 2025-2033: 5.3%
According to IMARC Group's latest research publication, "GCC Pet Food Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", the GCC pet food market size was valued at USD 266.2 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 422.9 Million by 2033, exhibiting a…

GCC Residential Real Estate Market Size to Worth USD 147.77 Billion by 2033 | Wi …
GCC Residential Real Estate Market Overview
Market Size in 2024: USD 73.31 Billion
Market Size in 2033: USD 147.77 Billion
Market Growth Rate 2025-2033: 7.50%
According to IMARC Group's latest research publication, "GCC Residential Real Estate Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", the GCC residential real estate market size was valued at USD 73.31 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 147.77 Billion by…

GCC Drones Market Size to Surpass USD 2,005.3 Million by 2033 | With a 13.3% CAG …
GCC Drones Market Overview
Market Size in 2024: USD 588.2 Million
Market Size in 2033: USD 2,005.3 Million
Market Growth Rate 2025-2033: 13.3%
According to IMARC Group's latest research publication, "GCC Drones Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The GCC drones market size was valued at USD 588.2 Million in 2024. Looking forward, IMARC Group estimates the market to reach USD 2,005.3 Million by 2033, exhibiting a growth rate of…

Medical Imaging Market to Surpass USD 70.8 Billion by 2033, at a CAGR of 5.03%
Market Overview:
The medical imaging market is experiencing rapid growth, driven by Growing Burden of Chronic and Age-Related Diseases, Expansion of Government-Funded Health Infrastructure and Technological Advancements in Imaging Modalities. According to IMARC Group's latest research publication, "Medical Imaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2025-2033", The global medical imaging market size reached USD 44.5 Billion in 2024. Looking forward, IMARC Group expects the market to reach…
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…