Plastic Recycling Market worth USD 67.32 billion by 2030,

NEW YORK, November 29, 2021 (GLOBE NEWSWIRE) – Plastics Recycling Market Overview: According to a comprehensive research report by Market Research Future (MRFR), plastic recycling market Information by material (polyethylene terephthalate (PET), high density polyethylene (HDPE), low density polyethylene (LDPE), polypropylene (PP) and others), recycling process (mechanical and chemical), application (packaging, construction, textile) , automobiles, etc.) and region (Americas, Europe, Asia Pacific, Middle East and Africa) – outlook to 2030”And The market size is expected to reach $67.32 billion by 2030, registering a CAGR of 7.19% during the forecast period (2022 to 2030), and the market was estimated to be worth $38.51 billion in 2021.

The major companies listed in this Plastic Recycling market research report include –

  • Asia Plastic Recycling Co., Ltd.
  • Plastic Recycling Company B & B
  • B. Schoenberg & Co.
  • Carbonlite Industries LLC
  • Clear path for recycling
  • Consolidated Container Company
  • GreenLine Polymers, Imerys SA
  • Indorama Ventures Public Limited Company
  • Jayplas, Joe’s Plastics Inc.
  • Kuusakoski Oy . group
  • KW Plastic,
  • Montello SpA
  • MTM Plastics GmbH
  • Plasgran Ltd., Plastipak Holdings, Inc.
  • Recycled plastic in the UK
  • RJM International Inc.
  • Seraphim For Plastic
  • Shakti Plastic Industries
  • Suez, Tejen Co., Ltd.
  • Ultra Poly Company,
  • UltraPET, LLC
  • veolia
  • Custom Polymers, Inc.
  • Plastic Imagine
  • plastic recycling company
  • KW Plastics, Inc.
  • UltraPET, LLC
  • Seraphim For Plastic
  • MBA Polymers Inc.
  • Green-O-Tech India
  • Among other things.

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Future market research review on plastic recycling market

The global plastics recycling market is witnessing a continuous rise in revenue. Factors like increasing awareness about the benefits of plastic recycling and effective awareness programs initiated by the major players in the industry are boosting the market size. With increasing government initiatives to enhance waste management programs and stringent regulations to reduce carbon emissions, the market value is expected to rise further over the coming years. The increasing need to control environmental degradation is driving market growth. Also, increasing population, urbanization and industrialization across the globe are contributing to the market revenue growth.

In addition, improving economic conditions around the world enhance market value and increase consumers’ purchasing power, lifestyle and use of plastic products. The increasing use of plastic products leads to the need for plastic recycling. Moreover, advances in plastic recycling technologies, techniques and processes are driving the market growth further, and it is largely dominating the plastic waste in landfills.


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Plastic Recycling Market – Segments

The report is broken down into type, source, style, end user, and regions. The type section is divided into polyethylene (PE), polyethylene terephthalate (PET), polypropylene (PP), polystyrene (PS), polyvinyl chloride (PVC) and others. The source part is divided into films, bottles, foam, fiber and others.

The method section is divided into landfill, chemical, thermal, mechanical, and others. The end-user sector is divided into building and construction, packaging, textiles, electrical and electronics, and automobiles, among others. The region’s segment is divided into Europe, the Americas, Asia Pacific, the Middle East, Africa and the rest of the world.


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Global Plastic Recycling Market – Geographical Analysis

APAC dominates the global plastics recycling market, capturing a significant market share. Favorable regulations and a growing awareness of the biological hazards of plastic waste are boosting the market share of the region. Besides, factors such as the increasing use of plastics due to the growing population and economic growth in the region are driving the growth of the market.

Intensive government programs and an incentive rise in end-use sectors support the market size in the region. The plastic recycling market in Asia Pacific is expected to maintain its dominance over the forecast period.

Plastic Recycling Market – Competitive Analysis

With many well-established players, the global market for plastic recycling appears to be highly competitive. Established players are integrating acquisition, collaboration, partnership, expansion and technology release to gain a greater competitive advantage in this market. Huge investments are being made to drive research and development activities and expansion plans.

Industry / Innovation / Related News:

November 16, 2021 – Morrisons, a British supermarket chain, has announced the acquisition of a large stake in a new plastics recycling site in Scotland. Morrisons co-owns this facility with one of the leading recycling plant experts, Yes Recycling, who is also responsible for setting up the plant. Fife’s recycling plant will process all low-quality plastics, including non-PET food films and sweet wraps.

Market segmentation covered by the research:

Plastic Recycling Market: Information by Material (Polyethylene Terephthalate (PET), High Density Polyethylene (HDPE), Low Density Polyethylene (LDPE), Polypropylene (PP) and others), Recycling Process (Mechanical and Chemical), Application ( Packaging, construction, textiles, automotive, etc.) and region (Americas, Europe, Asia Pacific, Middle East and Africa) – outlook to 2030


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