The Asia Pacific recycled plastic market is expected to grow from US$ 15,941.00 million in 2021 to US$ 31,656.44 million by 2028; it is estimated to grow at a CAGR of 10.4% from 2021 to 2028.
Increasing construction activities in emerging economies are significantly boosting the recycled plastics market. Rising rapid urbanization and increase in global population are driving the demand for recycled plastic in the construction industry. The steady revenue growth can be attributed to the increasing population in countries such as India and China and the rising need for residential and commercial infrastructure and projects. The growing demand for more environment-friendly homes with a lower carbon footprint and open green spaces is augmenting the growth of the recycled plastic market. Further, roofing titles are an essential part of any building and require considerable money for the installation. Recycled plastics are used to build roofing titles, which are less expensive than other construction materials. Investors' rising awareness regarding environmental protection also drives the demand for recycled plastic in construction materials and more ecologically viable home designs. Increasing government expenditure and rising investments to improve domestic infrastructure and sustain the economic growth of recycled plastic in the construction industry, especially in developing countries, are the major factors driving the market.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the recycled plastic market at a notable CAGR during the forecast period.
Companies Mentioned
Biffa; Remondis SE & Co. Kg; Veolia; Jayplas; Alpek S.A.B. de C.V.; and Plastipak Holdings Inc. are among the major companies operating in the Asia Pacific recycled plastic market.
Increasing construction activities in emerging economies are significantly boosting the recycled plastics market. Rising rapid urbanization and increase in global population are driving the demand for recycled plastic in the construction industry. The steady revenue growth can be attributed to the increasing population in countries such as India and China and the rising need for residential and commercial infrastructure and projects. The growing demand for more environment-friendly homes with a lower carbon footprint and open green spaces is augmenting the growth of the recycled plastic market. Further, roofing titles are an essential part of any building and require considerable money for the installation. Recycled plastics are used to build roofing titles, which are less expensive than other construction materials. Investors' rising awareness regarding environmental protection also drives the demand for recycled plastic in construction materials and more ecologically viable home designs. Increasing government expenditure and rising investments to improve domestic infrastructure and sustain the economic growth of recycled plastic in the construction industry, especially in developing countries, are the major factors driving the market.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the recycled plastic market at a notable CAGR during the forecast period.
Asia Pacific Recycled Plastic Market Segmentation
The Asia Pacific recycled plastic market is segmented into type, source, application, and country. Based on type, the market is categorized into polyethylene terephthalate, polyethylene, polypropylene, polystyrene, and others .In terms of source, the Asia Pacific recycled plastic market is segmented into plastic bottles, plastic films, plastic foams, plastic fibers, and others. Based on application, the market is divided into packaging, textile, automotive, building and construction, electrical and electronics, and others. In terms of country, the Asia Pacific recycled plastic market is segmented into Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific.Companies Mentioned
Biffa; Remondis SE & Co. Kg; Veolia; Jayplas; Alpek S.A.B. de C.V.; and Plastipak Holdings Inc. are among the major companies operating in the Asia Pacific recycled plastic market.
Table of Contents
1. Introduction1.1 Research Report Guidance
1.2 Market Segmentation
1.2.1 Asia Pacific Recycled Plastic Market, by Type
1.2.2 Asia Pacific Recycled Plastic Market, by Source
1.2.3 Asia Pacific Recycled Plastic Market, by Application
1.2.4 Asia Pacific Recycled Plastic Market, by Country
2. Key Takeaways
3. Research Methodology
3.1 Scope of the Study
3.1.1 Asia Pacific Recycled Plastic Market, by Process, Grade, and Application
3.2 Research Methodology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Asia Pacific Recycled Plastic Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Threat of New Entrants:
4.2.2 Bargaining Power of Suppliers:
4.2.3 Bargaining Power of Buyers:
4.2.4 Competitive Rivalry:
4.2.5 Threat of Substitutes:
4.3 Ecosystem Analysis
4.3.1 Overview:
4.3.2 Raw Material Suppliers:
4.3.3 Manufacturers
4.3.4 Distributors
4.3.5 End-User
4.4 Expert Opinion
5. Asia Pacific Recycled Plastic Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Increasing Adoption of Recycled Plastics in Packaging, Automotive, and Electrical & Electronic Industries
5.1.2 Rising Expansion of Construction Industry
5.2 Market Restraints
5.2.1 Inadequate Supply of Recycled Plastics Leads to Preference for Virgin Plastic
5.3 Market Opportunities
5.3.1 Rising Stringent Government Regulations to Upsurge the Recycling Rate of Plastics
5.4 Future Trends
5.4.1 Rising Innovation in Plastic Recycling
5.5 Impact Analysis of Drivers and Restraints
6. Asia Pacific Recycled Plastic - Market Analysis
6.1 Asia Pacific Recycled Plastic Market -Revenue and Forecast to 2028 (US$ Mn)
6.2 Asia Pacific Recycled Plastic Market -Volume and Forecast to 2028 (Kilo Tons)
7. Asia Pacific Recycled Plastics Market Analysis - By Type
7.1 Overview
7.1.1 Asia-Pacific: Recycled Plastics Market, by Type
7.2 Polyethylene Terephthalate
7.2.1 Overview
7.2.2 Polyethylene Terephthalate: Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
7.2.3 Polyethylene Terephthalate: Recycled Plastics Market -Volume and Forecast to 2028 (Kilo Tons)
7.3 Polyethylene
7.3.1 Overview
7.3.2 Polyethylene: Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
7.3.3 Polyethylene: Recycled Plastics Market -Volume and Forecast to 2028 (Kilo Tons)
7.4 Polypropylene
7.4.1 Overview
7.4.2 Polypropylene: Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
7.4.3 Polypropylene: Recycled Plastics Market -Volume and Forecast to 2028 (Kilo Tons)
7.5 Polystyrene
7.5.1 Overview
7.5.2 Polystyrene: Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
7.5.3 Polystyrene: Recycled Plastics Market -Volume and Forecast to 2028 (Kilo Tons)
7.6 Others
7.6.1 Overview
7.6.2 Others: Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
7.6.3 Others: Recycled Plastics Market -Volume and Forecast to 2028 (Kilo Tons)
8. Asia Pacific Recycled Plastics Market Analysis - By Source
8.1 Overview
8.1.1 Asia-Pacific: Recycled Plastics Market, by Source
8.2 Plastic Bottles
8.2.1 Overview
8.2.2 Plastic Bottles: Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
8.3 Plastic Films
8.3.1 Overview
8.3.2 Plastic Films: Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
8.4 Plastic Foams
8.4.1 Overview
8.4.2 Plastic Foams: Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
8.5 Plastic Fibers
8.5.1 Overview
8.5.2 Plastic Fibers: Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
8.6 Others
8.6.1 Overview
8.6.2 Others: Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
9. Asia Pacific Recycled Plastics Market Analysis - By Application
9.1 Overview
9.1.1 Asia-Pacific: Recycled Plastics Market, by Application
9.2 Packaging
9.2.1 Overview
9.2.2 Packaging: Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
9.3 Textile
9.3.1 Overview
9.3.2 Textile: Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
9.4 Automotive
9.4.1 Overview
9.4.2 Automotive: Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
9.5 Building and Construction
9.5.1 Overview
9.5.2 Building and Construction: Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
9.6 Electrical and Electronics
9.6.1 Overview
9.6.2 Electrical and Electronics: Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
9.7 Others
9.7.1 Overview
9.7.2 Others: Recycled Plastics Market - Revenue and Forecast to 2028 (US$ Mn)
10. Asia Pacific Recycled Plastic Market - Country Analysis
10.1 Asia-Pacific: Recycled Plastics Market
10.1.1 Asia-Pacific: Recycled Plastics Market - Analysis and Forecast to 2028 (US$ Million)
10.1.2 Asia-Pacific: Recycled Plastics Market, by Key Country
10.1.2.1 Australia: Recycled Plastics Market -Analysis and Forecast to 2028 (US$ Million)
10.1.2.1.1 Australia: Recycled Plastics Market, by Type
10.1.2.1.2 Australia: Recycled Plastics Market, by Source
10.1.2.1.3 Australia: Recycled Plastics Market, by Application
10.1.2.2 China: Recycled Plastics Market -Analysis and Forecast to 2028 (US$ Million)
10.1.2.2.1 China: Recycled Plastics Market, by Type
10.1.2.2.2 China: Recycled Plastics Market, by Source
10.1.2.2.3 China: Recycled Plastics Market, by Application
10.1.2.3 India: Recycled Plastics Market -Analysis and Forecast to 2028 (US$ Million)
10.1.2.3.1 India: Recycled Plastics Market, by Type
10.1.2.3.2 India: Recycled Plastics Market, by Source
10.1.2.3.3 India: Recycled Plastics Market, by Application
10.1.2.4 Japan: Recycled Plastics Market -Analysis and Forecast to 2028 (US$ Million)
10.1.2.4.1 Japan: Recycled Plastics Market, by Type
10.1.2.4.2 Japan: Recycled Plastics Market, by Source
10.1.2.4.3 Japan: Recycled Plastics Market, by Application
10.1.2.5 South Korea: Recycled Plastics Market -Analysis and Forecast to 2028 (US$ Million)
10.1.2.5.1 South Korea: Recycled Plastics Market, by Type
10.1.2.5.2 South Korea: Recycled Plastics Market, by Source
10.1.2.5.3 South Korea: Recycled Plastics Market, by Application
10.1.2.6 Rest of Asia-Pacific: Recycled Plastics Market -Analysis and Forecast to 2028 (US$ Million)
10.1.2.6.1 Rest of Asia-Pacific: Recycled Plastics Market, by Type
10.1.2.6.2 Rest of Asia-Pacific: Recycled Plastics Market, by Source
10.1.2.6.3 Rest of Asia-Pacific: Recycled Plastics Market, by Application
11. Industry Landscape
11.1 Overview
11.1.1 Market Initiative
11.2 New Product Development
11.3 Merger and Acquisition
12. Company Profiles
12.1 Remondis SE & Co. Kg
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Veolia
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Alpek S.A.B. de C.V.
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Plastipak Holdings Inc.
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Financial Overview
12.4.4 SWOT Analysis
12.4.5 Key Developments
13. Appendix
13.1 About the Publisher
13.2 Glossary of Terms
List of Figures
Figure 1. Asia Pacific Recycled Plastic Market Segmentation
Figure 2. Asia Pacific Recycled Plastic Market Overview
Figure 3. Asia Pacific Recycled Plastic Market, By Application
Figure 4. Asia Pacific Recycled Plastic Market, by Country
Figure 5. Porter’s Five Forces Analysis of Asia Pacific Recycled Plastic Market
Figure 6. Asia Pacific Recycled Plastic Market, Ecosystem
Figure 7. Expert Opinion
Figure 8. Asia Pacific Recycled Plastic Market Impact Analysis of Drivers and Restraints
Figure 9. Asia Pacific Recycled Plastic Market - Revenue and Forecast to 2028 (US$ Mn)
Figure 10. Asia Pacific Recycled Plastic Market -Volume and Forecast to 2028 (Kilo Tons)
Figure 11. Asia-Pacific: Recycled Plastics Market Revenue Share, by Type (2021 and 2028)
Figure 12. Polyethylene Terephthalate: Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 13. Polyethylene Terephthalate: Recycled Plastics Market -Volume and Forecast To 2028 (Kilo Tons)
Figure 14. Polyethylene: Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 15. Polyethylene: Recycled Plastics Market -Volume and Forecast To 2028 (Kilo Tons)
Figure 16. Polypropylene: Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 17. Polypropylene: Recycled Plastics Market -Volume and Forecast To 2028 (Kilo Tons)
Figure 18. Polystyrene: Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 19. Polystyrene: Recycled Plastics Market -Volume and Forecast To 2028 (Kilo Tons)
Figure 20. Others: Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 21. Others: Recycled Plastics Market -Volume and Forecast To 2028 (Kilo Tons)
Figure 22. Asia-Pacific: Recycled Plastics Market Revenue Share, by Source (2021 and 2028)
Figure 23. Plastic Bottles: Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 24. Plastic Films: Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 25. Plastic Foams: Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 26. Plastic Fibers: Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 27. Others: Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 28. Asia-Pacific: Recycled Plastics Market Revenue Share, by Application (2021 and 2028)
Figure 29. Packaging: Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 30. Textile: Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 31. Automotive: Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 32. Building and Construction: Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 33. Electrical and Electronics: Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 34. Others: Recycled Plastics Market - Revenue and Forecast To 2028 (US$ Mn)
Figure 35. Asia-Pacific: Recycled Plastics Market - (US$ Million)
Figure 36. Asia-Pacific: Recycled Plastics Market Revenue Share, by Key Country (2021 and 2028)
Figure 37. Australia: Recycled Plastics Market -Revenue and Forecast to 2028 (US$ Million)
Figure 38. Australia: Recycled Plastics Market -Volume and Forecast to 2028 (Kilo Tons)
Figure 39. China: Recycled Plastics Market -Revenue and Forecast to 2028 (US$ Million)
Figure 40. China: Recycled Plastics Market -Volume and Forecast to 2028 (Kilo Tons)
Figure 41. India: Recycled Plastics Market -Revenue and Forecast to 2028 (US$ Million)
Figure 42. India: Recycled Plastics Market -Volume and Forecast to 2028 (Kilo Tons)
Figure 43. Japan: Recycled Plastics Market -Revenue and Forecast to 2028 (US$ Million)
Figure 44. Japan: Recycled Plastics Market -Volume and Forecast to 2028 (Kilo Tons)
Figure 45. South Korea: Recycled Plastics Market -Revenue and Forecast to 2028 (US$ Million)
Figure 46. South Korea: Recycled Plastics Market -Volume and Forecast to 2028 (Kilo Tons)
Figure 47. Rest of Asia-Pacific: Recycled Plastics Market -Revenue and Forecast to 2028 (US$ Million)
Figure 48. Rest of Asia-Pacific: Recycled Plastics Market -Volume and Forecast to 2028 (Kilo Tons)List of Tables
Table 1. Asia Pacific Recycled Plastic Market -Revenue and Forecast to 2028 (US$ Mn)
Table 2. Asia Pacific Recycled Plastic Market -Volume and Forecast to 2028 (Kilo Tons)
Table 3. Asia-Pacific Recycled Plastics Market, by Type- Revenue and Forecast to 2028 (US$ Million)
Table 4. Asia-Pacific Recycled Plastics Market, by Type- Volume and Forecast to 2028 (Kilo Tons)
Table 5. Asia-Pacific Recycled Plastics Market, by Source - Revenue and Forecast to 2028 (US$ Million)
Table 6. Asia-Pacific Recycled Plastics Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 7. Australia Recycled Plastics Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 8. Australia Recycled Plastics Market, by Type - Volume and Forecast to 2028 (Kilo Tons)
Table 9. Australia Recycled Plastics Market, by Source- Revenue and Forecast to 2028 (US$ Million)
Table 10. Australia Recycled Plastics Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 11. China Recycled Plastics Market, by Type- Revenue and Forecast to 2028 (US$ Million)
Table 12. China Recycled Plastics Market, by Type - Volume and Forecast to 2028 (Kilo Tons)
Table 13. China Recycled Plastics Market, by Source - Revenue and Forecast to 2028 (US$ Million)
Table 14. China Recycled Plastics Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 15. India Recycled Plastics Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 16. India Recycled Plastics Market, by Type - Volume and Forecast to 2028 (Kilo Tons)
Table 17. India Recycled Plastics Market, by Source- Revenue and Forecast to 2028 (US$ Million)
Table 18. India Recycled Plastics Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 19. Japan Recycled Plastics Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 20. Japan Recycled Plastics Market, by Type - Volume and Forecast to 2028 (Kilo Tons)
Table 21. Japan Recycled Plastics Market, by Source- Revenue and Forecast to 2028 (US$ Million)
Table 22. Japan Recycled Plastics Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 23. South Korea Recycled Plastics Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 24. South Korea Recycled Plastics Market, by Type - Volume and Forecast to 2028 (Kilo Tons)
Table 25. South Korea Recycled Plastics Market, by Source - Revenue and Forecast to 2028 (US$ Million)
Table 26. South Korea Recycled Plastics Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 27. Rest of Asia-Pacific Recycled Plastics Market, by Type - Revenue and Forecast to 2028 (US$ Million)
Table 28. Rest of Asia-Pacific Recycled Plastics Market, by Type - Volume and Forecast to 2028 (Kilo Tons)
Table 29. Rest of Asia-Pacific Recycled Plastics Market, by Source- Revenue and Forecast to 2028 (US$ Million)
Table 30. Rest of Asia-Pacific Recycled Plastics Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 31. Glossary of Terms, Asia Pacific Recycled Plastic Market
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Remondis SE & Co. Kg
- Veolia
- Alpek S.A.B. de C.V.
- Plastipak Holdings Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 137 |
| Published | August 2022 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 15941 Million |
| Forecasted Market Value ( USD | $ 31656.44 Million |
| Compound Annual Growth Rate | 10.4% |
| Regions Covered | Asia Pacific |
