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Plastics Recycling: Global Markets

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    Report

  • 385 Pages
  • April 2022
  • Region: Global
  • BCC Research
  • ID: 5143010

FEATURED COMPANIES

  • Aci Plastics
  • Cobeplast
  • Los Angeles Fiber Co.
  • Pact Group
  • Plastics Recycling Inc.
  • Reprocessed Plastics Inc.
For the purposes of this report, the term “recycling” refers to the removal of products from the waste stream for use (not including incineration or energy recovery). Any secondary use or reuse of the material is assumed to have already taken place. The term “recovery” includes all disposal methods except land disposal - for example, recycling, incineration, waste-to-energy (WTE). Below the publisher mentions a few technical terms which will be used multiple times in the report.



  • The term “chemical recycling” will be used to describe the return to chemical units originally used to make resins. Nylon can be depolymerized to caprolactam
  • The term “feedstock recycling” will be used to denote the process of decomposing plastics to a mix of organic chemicals, some used in the manufacture of plastics and some not. Feedstock recycling products are more akin to the raw materials used to produce plastics (e.g., petroleum, natural gas)
  • Mechanical recycling methods include those that involve physical modifications to the recovered plastic only, such as separation, grinding and classifying

This report will be concerned with activities in four regions: North America, Europe, Asia, and the Rest of the World (Rest of the World). All figures are reported to the nearest million dollars or million lbs. Growth rates given are compound annual growth rates (CAGRs) for the period 2022-2027. All value figures noted are in constant 2020 U.S. dollars. The market data in the tables of this report covers only post-consumer plastics. Post-industrial plastics are not included.

This report is divided into several sections as given below:

  • The Introductory section summarizes the study’s goals and objectives, the reasons for doing the study and scopes. The Summary and Highlights section provides a summary of estimates and forecasts of the global plastics recycling market for 2020-2027, and it highlights the largest and fastest-growing markets and important trends
  • The Overview section describes the manufacture of plastics, the major types of plastics used and how plastics are disposed of after use, and it provides a summary of recycling methods
  • The Market Dynamics chapter lays special emphasis on the drivers, restraints, and opportunities. It describes the impact of the COVID-19 pandemic, and it features a value chain analysis as well as a Porter’s analysis
  • The Sources section describes existing markets by product source. Recycled waste products include bottles, vehicles, carpet, and electronics. This section covers topics such as the amount of plastic annually collected and recycled from these sources. When possible, it offers a prediction regarding the probable growth rate over the next five years
  • Further chapters also look at plastics recycling by resin and collecting location. Summarizing the sources and end uses for recycled materials that are available. Most recycled polyethylene terephthalate (PET) comes from PET bottles, and the main end market for recycled PET bottle resin is fibers
  • The Global Market section also profiles products made with recycled plastics, including applications such as plastic lumber and plastic composites (e.g., wood, fibers, cement, glass). Products are covered separately, and they may be made from plastic from a combination of sources. Wood/fiber plastic composites may be made from several different resin types, each possibly derived from several different products
  • After the global market sections, there will be four chapters that discuss the regional plastics recycling markets: North America, Europe, Asia, and Rest of the World
  • The Company Profiles section lists relevant organizations and companies
  • The Appendix provides definitions of abbreviations and acronyms

Market values and volumes have specific measurements, as described below:

  • Market values are measured at the level of plastic recycled, such as the values of recycled resin pellets
  • Market volumes by end use or application are measured at the levels of both the amount of plastic available for recycling and the amount of plastic that is recycled
  • Market volumes by source of waste (e.g., bottles, films) are measured at the level of the amount of plastic available for recycling
  • Market volume is segmented by resin types of waste (e.g., PET, PE) and measured at the level of the amount of plastic available for recycling

Report Includes

  • 259 tables
  • An up-to-date review and analysis of the global market revenue for recycled plastics and related technologies
  • Analyses of the global market trends, with data from 2020 and 2021, estimates for 2022, and projections of compound annual growth rates (CAGRs) through 2027
  • Evaluation and forecast the global plastic recycling market size in value and volumetric terms, and corresponding market share analysis by resin type, collecting location, source of waste, end-use, and geographic region
  • Latest information on major market dynamics (DROs), technology advancements, industry structure, government regulations, and other macroeconomic factors affecting the overall plastics industry
  • Highlights of emerging technology trends, opportunities and gaps estimating current and future demand for recycled plastics, and impact of COVID-19 on the progress of this market
  • Identification of companies best positioned to meet the demand for recycled plastics owing to their proprietary technologies, mergers and acquisitions, joint ventures and other strategic alliances
  • Insight into recent industry structure, current competitive scenario, R&D activities, new product development, and company value share analysis based on their segmental revenues
  • Profile descriptions of the leading industry players, including Indorama Ventures, LyondellBasell, Teijin, JK Plastics, ACI Plastics and Phoenix Technologies LP
Frequently Asked Questions about the Global Plastics Recycling Market

What is the estimated value of the Global Plastics Recycling Market?

The Global Plastics Recycling Market was estimated to be valued at $28.7 Billion in 2022.

What is the growth rate of the Global Plastics Recycling Market?

The growth rate of the Global Plastics Recycling Market is 5.3%, with an estimated value of $37.3 Billion by 2027.

What is the forecasted size of the Global Plastics Recycling Market?

The Global Plastics Recycling Market is estimated to be worth $37.3 Billion by 2027.

Who are the key companies in the Global Plastics Recycling Market?

Key companies in the Global Plastics Recycling Market include Aci Plastics, American Plastic Lumber Inc., Axion International, Axion Polymers, B&F Plastics, Billion Enterprise Co. Ltd., Butler Macdonald, Clean Tech Inc. and Cobeplast.

FEATURED COMPANIES

  • Aci Plastics
  • Cobeplast
  • Los Angeles Fiber Co.
  • Pact Group
  • Plastics Recycling Inc.
  • Reprocessed Plastics Inc.

Chapter 1 Introduction
  • Study Goals and Objectives
  • Reasons for Doing this Study
  • Scope of Report
  • What's New in this Update?
  • Target Audience of the Study
  • Methodology and Information Sources
  • Geographic Breakdown
  • Analyst's Credentials
  • Custom Research
  • Related Research Reports

Chapter 2 Summary and Highlights
  • Summary

Chapter 3 Overview of Plastics Recycling
  • Background
  • The Economics of Plastics Recycling
  • Plastics Recycling Industry
  • Life Cycle of Plastics
  • How Are Plastics Made?
  • Classifications of Plastics
  • End-Use Markets
  • Plastics Recycling Process
  • Significant Market Trends
  • Recent Strategic Initiatives

Chapter 4 Market Dynamics
  • Introduction
  • Market Dynamics
  • Drivers
  • Challenges
  • Opportunities
  • Impact of Covid-19 on the Plastics Recycling Industry
  • Porter's Five Forces Analysis
  • Bargaining Power of Buyers: Low
  • Bargaining Power of Suppliers: High
  • Threat of Rivalry: Moderate
  • Threat of Substitutes: High
  • Threat of Market Entry: High
  • Supply Chain Analysis
  • Pricing Analysis

Chapter 5 Global Market Analysis by Type of Resin
  • Introduction
  • Polyethylene Terephthalate
  • Sources of Polyethylene Terephthalate for Recycling
  • Methods of Recycling Polyethylene Terephthalate
  • Uses for Recycled Polyethylene Terephthalate
  • Economics
  • High-Density Polyethylene
  • Sources of High-Density Polyethylene for Recycling
  • Methods of Recycling High-Density Polyethylene
  • Uses for Recycled High-Density Polyethylene
  • Economics
  • Ldpe and Lldpe
  • Sources of Ldpe and Lldpe for Recycling
  • Uses for Recycled Ldpe and Lldpe
  • Economics
  • Polypropylene
  • Sources of Polypropylene for Recycling
  • Uses for Recycled Polypropylene
  • Economics
  • Polyurethane
  • Sources of Polyurethane for Recycling
  • Methods of Recycling Polyurethanes
  • Uses for Recycled Polyurethane
  • Economics
  • Polystyrene
  • Sources of Polystyrene for Recycling
  • Methods of Recycling Polystyrene
  • Uses for Recycled Polystyrene
  • Economics
  • Polyvinyl Chloride
  • Sources of Polyvinyl Chloride for Recycling
  • Methods of Recycling Pvc
  • Uses for Recycled Pvc
  • Economics
  • Other Resins
  • Polycarbonate

Chapter 6 Global Market Analysis by Collection Location
  • Plastic Scrap Global Trade Overview
  • Domestic Collection
  • Imported

Chapter 7 Global Market Analysis by Source
  • Introduction
  • Plastics Recycling of Nondurable Sources
  • Bottles
  • Films
  • Other Nondurable Sources
  • Plastics Recycling of Durable Sources
  • Electrical and Electronics
  • Carpet, Padding and Polyurethane (Pur)
  • Automotive
  • Other Durable Sources

Chapter 8 Global Market Analysis by Industry
  • Introduction
  • Consumer Products
  • Building Products
  • Plastic Lumber and Wood/Fiber Plastic Composites
  • Plastic and Inorganic Composites
  • Automotive
  • Industrial and Commercial

Chapter 9 Global Market Analysis by Region
  • Introduction
  • Asia-Pacific
  • China
  • India
  • Vietnam
  • Indonesia
  • Malaysia
  • South Korea
  • Thailand
  • Japan
  • Australia
  • Rest of Asia-Pacific (Apac)
  • North America
  • U.S.
  • Canada
  • Europe
  • European Laws and Targets
  • Germany
  • France
  • Spain
  • Italy
  • U.K.
  • Rest of Europe
  • Rest of the World (Rest of the World)
  • Mexico
  • South Africa
  • Brazil
  • Others

Chapter 10 Company Profiles
  • Aci Plastics
  • American Plastic Lumber Inc.
  • Axion International
  • Axion Polymers
  • Billion Enterprise Co. Ltd.
  • B&F Plastics
  • Butler Macdonald
  • Cobeplast
  • Clean Tech Inc.
  • Clodam Do Brasil
  • Commercial Plastics Recycling Inc.
  • Delta Plastics
  • Dentis Recycling Italy S.R.L.
  • East Coast Electronics Recycling
  • Efs Plastics Inc.
  • Epd Plastic Industries Sdn Bhd
  • Galloo
  • Hangzhou Taifor Chemical Textile Fiber Co. Ltd.
  • Heng Hiap Industries Sdn Bhd
  • Ice River Sustainable Solutions
  • Iav Global
  • Indorama Ventures Public Co. Ltd.
  • Jk Plastics Pty. Ltd.
  • Kunststoffrecycling Ges. M.B.H
  • Kw Plastics
  • Lyondellbasell
  • Los Angeles Fiber Co.
  • Mas Maschinen-Und Anlagenbau Schulz GmbH
  • Mba Polymers Inc.
  • Mondo Polymer Technologies
  • Mobius Technologies GmbH
  • Mtm Plastics GmbH
  • Montello S.P.A.
  • Ningbo Dafa Chemical Fiber Co. Ltd.
  • Nexcycle Canada Ltd.
  • Pact Group
  • Pet Recycling Co.
  • Phoenix Technologies Lp
  • Petcia
  • Plasgran Ltd.
  • Plasteak Inc.
  • Plastics Recycling Inc.
  • Plasticycle Corp.
  • Polindo Utama
  • Plasticruz
  • Polywood
  • Pt. Production Recycling Indonesia
  • Rapac Inc.
  • Rastra of the Americas LLC
  • Recycled Plastics U.K.
  • Recycling Technologies
  • Reprocessed Plastics Inc.
  • Rpm Plastic Pallets
  • Shakti Plastics Industries
  • Shandong Yongping Renewable Tiomin Resources Inc.
  • Selectech Inc.
  • Teijin
  • Thai Plastic Recycle Group Co. Ltd.
  • Tomra Systems Asa
  • Transcontinental Recycling Montréal/Enviroplast Inc.
  • Trex Co.
  • Wellman Neufchateau Recyclage
  • Yemm & Hart Ltd.

Chapter 11 Appendix: Acronyms

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FEATURED COMPANIES

  • Aci Plastics
  • Cobeplast
  • Los Angeles Fiber Co.
  • Pact Group
  • Plastics Recycling Inc.
  • Reprocessed Plastics Inc.
In 2019, the global plastics recycling industry rebounded back to nearly the level of 2017, before China started to ban its post-consumer plastics imports in January 2018. It was increased significantly from 2018.

Three factors contributed to the quick recovery of the global plastics recycling market:


  • Europe significantly improved its capacity to recycle locally collected plastic waste, increasing processed volume by more than four billion pounds per year
  • China has a huge appetite for recycled plastics. Vietnam, Malaysia, South Korea, Japan, Indonesia, Thailand and many other countries set up facilities to produce recycled pellets and sell to the Chinese market
  • Most other countries also increased domestic recycling capacity

There are two major sources of post-consumer plastics for recycling: nondurable products and durable products. Nondurable products are mostly plastic bottles, containers, and films. Durable products include plastics used in electronics, carpets, automotive products, and other industrial and commercial products.
  • Aci Plastics
  • American Plastic Lumber Inc.
  • Axion International
  • Axion Polymers
  • B&F Plastics
  • Billion Enterprise Co. Ltd.
  • Butler Macdonald
  • Clean Tech Inc.
  • Clodam Do Brasil
  • Cobeplast
  • Commercial Plastics Recycling Inc.
  • Delta Plastics
  • Dentis Recycling Italy S.R.L.
  • East Coast Electronics Recycling
  • Efs Plastics Inc.
  • Epd Plastic Industries Sdn Bhd
  • Galloo
  • Hangzhou Taifor Chemical Textile Fiber Co. Ltd.
  • Heng Hiap Industries Sdn Bhd
  • Iav Global
  • Ice River Sustainable Solutions
  • Indorama Ventures Public Co. Ltd.
  • Jk Plastics Pty. Ltd.
  • Kunststoffrecycling Ges. M.B.H
  • Kw Plastics
  • Los Angeles Fiber Co.
  • Lyondellbasell
  • Mas Maschinen-Und Anlagenbau Schulz GmbH
  • Mba Polymers Inc.
  • Mobius Technologies GmbH
  • Mondo Polymer Technologies
  • Montello S.P.A.
  • Mtm Plastics GmbH
  • Nexcycle Canada Ltd.
  • Ningbo Dafa Chemical Fiber Co. Ltd.
  • Pact Group
  • Pet Recycling Co.
  • Petcia
  • Phoenix Technologies Lp
  • Plasgran Ltd.
  • Plasteak Inc.
  • Plasticruz
  • Plastics Recycling Inc.
  • Plasticycle Corp.
  • Polindo Utama
  • Polywood
  • Pt. Production Recycling Indonesia
  • Rapac Inc.
  • Rastra of the Americas LLC
  • Recycled Plastics U.K.
  • Recycling Technologies
  • Reprocessed Plastics Inc.
  • Rpm Plastic Pallets
  • Selectech Inc.
  • Shakti Plastics Industries
  • Shandong Yongping Renewable Tiomin Resources Inc.
  • Teijin
  • Thai Plastic Recycle Group Co. Ltd.
  • Tomra Systems Asa
  • Transcontinental Recycling Montréal/Enviroplast Inc.
  • Trex Co.
  • Wellman Neufchateau Recyclage
  • Yemm & Hart Ltd.