Plastic Recycling: Global Market Size, Demand, Future Growth, Business Strategies, Opportunities, Challenges, Revenue, Share, Competitors, Trends and Drivers for 2023-2030 | Comprehensive Study by Delvens
Delvens published an exclusive market intelligence report, titled “Plastic Recycling Market by Product (Polyethylene (PE), Polyethylene Terephthalate (PET), Polypropylene (PP), Polyvinyl Chloride (PVC), Polystyrene (PS), Others), by Source (Plastic Bottles, Plastic Films, Polymer Foam, Others), by Application (Building and Construction, Packaging, Electrical and Electronics, Textiles, Automotive, Others) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)”, the global Plastic Recycling Market size was estimated at USD 67.3 billion in 2023 and is projected to reach USD 114.5 billion in 2030 at a CAGR of 7.9% during the forecast period 2023-2030.
Hong Kong, Aug. 25, 2023 (GLOBE NEWSWIRE) — Accordingly, the Plastic Recycling Market Report analyzes the Chemicals & Materials sector and discusses the market definition, classifications, applications, interactions, and overall industry trends. Making smarter decisions, maximizing income, and boosting business profits are all possible with the help of this market research report. A thorough understanding of the competitive environment, the product offerings of the rivals, their business models, and the foreseeable future is crucial in today’s highly competitive world. This business research report on the Plastic Recycling Market also incorporates historical data, present market trends, market environment, technological innovation, emerging technologies, and technical advancement in the connected industry.
Plastic Recycling Market by Product (Polyethylene (PE), Polyethylene Terephthalate (PET), Polypropylene (PP), Polyvinyl Chloride (PVC), Polystyrene (PS), Others), by Source (Plastic Bottles, Plastic Films, Polymer Foam, Others), by Application (Building and Construction, Packaging, Electrical and Electronics, Textiles, Automotive, Others) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America). The global Plastic Recycling market size was estimated at USD 67.3 billion in 2023 and is projected to reach USD 114.5 billion in 2030 at a CAGR of 7.9% during the forecast period 2023-2030.
The prominent players in the Plastic Recycling market are Berry Global Group Inc, biffa, Clean Harbors, Covetsro AG, Custom Polymers Inc., Envision Plastics, Jayplas, Joe plastics, Kuusakoski Group, KW plastics, Montello S.p.A, MTM Plastics GmbH, Plasgran Ltd., Plastic Recycling Inc., Plastipak Holdings Inc., Recycled Plastics UK, RJM International Inc., Seraphim Plastics, Shakti Plastics Industries, Shell international b.v., Teijin Limited, Ultra Poly Corporation, Veolia, Waste Connections and others.
Request Sample Pages of Report: https://www.delvens.com/get-free-sample/plastic-recycling-market-trends-forecast-till-2030
The first is the growing understanding of the damaging effects of plastic trash on the environment, such as ocean pollution and harm to wildlife. Due to this, there is now a higher need for plastic recycling as a way to cut down on plastic waste and its negative environmental effects. The second issue is the increased demand for sustainable and environmentally friendly products among businesses and consumers. This has caused many businesses to employ more recycled plastic in their products, which has raised the demand for the material even more. For many years, there has been significant concern about the damaging effects of plastic waste on the environment. As a result, there is now more attention being paid to plastic recycling as a potential solution. Consumers and businesses are actively looking for sustainable solutions as they become more aware of their environmental impact. Recycled plastic now has a market, and it is used in a variety of items, from packaging to furniture.
The highlighted section discusses the growing need for recycled materials in a variety of industries, such as food and beverage and consumer items. The need for food-safe packaging materials is growing, which is pushing the usage of recyclable polymers in this sector of the economy. Recycling polymers can effectively replace traditional plastics as a barrier between food and environmental factors, enhancing the market for these products. Because of features such as durability, strength, and resistance to moisture and chemicals, recycled polyethylene terephthalate is a popular material in water and beverage packaging bottles.
Recent Developments:
It was announced by WM Recycle America, LLC in September 2022 that it would purchase Avangard Innovative’s U.S. Operations. The business will be called Natura PCR. It is expected to scale up and enhance its recycling capability in five years, producing 400 billion pounds of post-cutomer resin (PCR) every year.
Plastipak Holdings, Inc., a pioneer in the design, manufacture, and recycling of plastic containers, made a large investment in January 2022 to boost the capacity of PET recycling at its production facility in Bascharage, Luxembourg. The project is expected to increase manufacturing capacity yearly.
For In-Depth Research Study, Purchase this Report: https://www.delvens.com/checkout/plastic-recycling-market-trends-forecast-till-2030
Scope of the Plastic Recycling Market Report:
The Plastic Recycling Market is segmented into various segments such as source, plastic type, process, type, end-user, and region:
Based on source, the plastic recycling market is segmented into:
Bottles
Films
Foams
Fibers
Others
Based on the plastic type, the plastic recycling market is segmented into:
Polyethylene Terephthalate
Polyethylene
Polypropylene
Polyvinyl Chloride
Polystyrene
Others
Based on the process, the plastic recycling market is segmented into:
Mechanical
Chemical
Based on type, the plastic recycling market is segmented into:
Post-Consumer Recyclate
Industrial Recyclate
Based on end-user, the plastic recycling market is segmented into:
Packaging
Building & Construction
Textiles
Automotive
Electrical & Electronics
Others
Based on region, the plastic recycling market is segmented into:
Asia Pacific
North America
Europe
South America
Middle East & Africa
North America to Dominate the Market
Asia-Pacific region had the highest sales or revenue in the plastic recycling industry compared to other regions such as North America, Europe, and the Middle East.
This has significantly increased awareness and demand for sustainable waste management practices, including plastic recycling in the Asia-Pacific region. Moreover, the demand for recycled plastic is boosting in this region, due to the growth of the consumer goods and packaging industries.
Make an Inquiry Before Buying: https://www.delvens.com/Inquire-before-buying/plastic-recycling-market-trends-forecast-till-2030
The global environmental problem of plastic waste is one that the plastic recycling market is crucial in tackling. This market contributes to lessening the load on landfills, preserving valuable resources, and minimizing the damaging effects of plastic pollution on ecosystems by turning discarded plastic goods into useable materials. The Plastic Recycling Market, which promotes the effective use of plastics and spurs innovation in waste management techniques, is a critical contributor to a more circular and responsible economy as societies increasingly embrace sustainability.
Reasons to Purchase:
In order to determine the best strategies and decisions based on changes in sales or revenue in terms of volume and value, distribution chain analysis, market trends, and other aspects, you should better understand the market.
Learn about the trends and the variables that play a role in the shifting market conditions by gaining authentic and granular data access for the plastic recycling market.
Utilizing both qualitative and quantitative data, researchers can identify a variety of future trends, from industry leaders’ and market visionaries’, before identifying the key areas where competitors will need to be strong in the future.
by displaying the growth patterns for the past and next years, a detailed study of the market’s shifting tendencies is provided.
FAQs:
What years are examined when researching the Plastic Recycling Market?
What is the Plastic Recycling Market’s compound annual growth rate (CAGR)?
Which region dominates the Plastic Recycling Market?
Which region in the Plastic Recycling Market is the fastest growing?
Who are the most important participants in the Plastic Recycling Market?
What are the major impediments to the growth of the Plastic Recycling Market?
What are the main factors driving the growth of the Plastic Recycling Market?
According to this wide-ranging Plastic Recycling Market report, the global market is anticipated to witness a relatively higher growth rate during the forecast period. The key research methodology here by DELVENS research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Under market segmentation, research and analysis is done based on application, vertical, deployment model, end user, and geography. The Plastic Recycling Market report puts light on many aspects related to Chemicals & Materials industry and market. The quality of Plastic Recycling Market research report is at par which gains customer confidence and trust.
Plastic Recycling Market Research Report Overview: https://www.delvens.com/report/plastic-recycling-market-trends-forecast-till-2030
Browse Related Reports:
Carbon Capture and Storage (CCS) Market: The global Carbon Capture and Storage (CCS) market size was estimated at USD 2.80 billion in 2023 and is projected to reach USD 7.35 billion in 2030 at a CAGR of 14.8% during the forecast period 2023-2030.
Bioplastics & Biopolymers Market: The global Bioplastics & Biopolymers market size was estimated at USD 13.6 billion in 2023 and is projected to reach USD 46.1 billion in 2030 at a CAGR of 19.1% during the forecast period 2023-2030.
Underwater Concrete Market: The global Underwater Concrete market size was estimated at USD 129.65 billion in 2023 and is projected to reach USD 193.27 billion in 2030 at a CAGR of 5.87% during the forecast period 2023-2030.
Household, Industrial & Institutional (HII) Cleaning Market: The Household, Industrial & Institutional (HII) Cleaning market size was estimated at USD 109.32 billion in 2023 and is projected to reach USD 147.28 billion in 2030 at a CAGR of 4.35% during the forecast period 2023-2030.
CNG, RNG and Hydrogen Tanks Market: The CNG, RNG, and Hydrogen Tanks market size was estimated at USD 2.76 billion in 2023 and is projected to reach USD 5.56 billion in 2030 at a CAGR of 10.51% during the forecast period 2023-2030.
3D Semiconductor Packaging Market: The global 3D Semiconductor Packaging market size was estimated at USD 11.3 billion in 2023 and is projected to reach USD 31.74 billion in 2030 at a CAGR of 15.90% during the forecast period 2023-2030.
Natural Fiber Composites Market: The global Natural Fiber Composites market size was estimated at USD 328.2 million in 2023 and is projected to reach USD 496.4 million in 2030 at a CAGR of 6.1% during the forecast period 2023-2030.
About Delvens:
Delvens is a strategic advisory and consulting company headquartered in New Delhi, India. The company holds expertise in providing syndicated research reports, customized research reports, and consulting services. Delvens qualitative and quantitative data is highly utilized by each level from niche to major markets, serving more than 1K prominent companies by assuring to provide information on the country, regional, and global business environment. We have a database for more than 45 industries in more than 115+ major countries globally. We use AI and machine learning to make existing offerings quicker and cheaper, as well as to offer new services which couldn’t have been dreamt of a few years ago. From creating concepts to implementing them, we have the best-proven strategies that will help the organization and are assisting the organization to overcome the prevailing challenges and recognize recent opportunities before their competitors. We are capable of providing tailor-made research services keeping because of your specific requirements. We assure to provide the best possible services for all our clients. Our analysts are available for your assistance and will perfectly understand your needs and demand.
Delvens database assists clients by providing in-depth information on crucial business decisions. Delvens offers significant facts and figures across various industries namely Healthcare, IT & Telecom, Chemicals & Materials, Semiconductor & Electronics, Energy, Pharmaceutical, Consumer Goods & Services, and Food & Beverages. Our company provides an exhaustive and comprehensive understanding of the business environment.
To find out more, visit https://www.delvens.com/ or follow us on Twitter, LinkedIn and Facebook.
Contact Us:
Varsha Chaudhari
Delvens Private Limited
Unit No. 2126, Tower B, 21st Floor
Alphathum, Sector 90 Noida 201305, IN
D: +44 20 8638 5055 | C: +91 9561827515 | P: +0120 4569 248
[email protected] | [email protected]
Website: https://www.delvens.com/
Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. TheTechOutlook.com takes no editorial responsibility for the same.
