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Global Recycled Plastics Market by Source (Bottles, Fibers, Films, Foams), Process, Plastic Type (PET, PE, PP, PVC, PS), Type, End-Use (Packaging, Textiles, Building & Construction, Automotive, Electrical & Electronics), and Region - Forecast to 2030

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    Report

  • 272 Pages
  • April 2023
  • Region: Global
  • Markets and Markets
  • ID: 4519973
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Growing Awareness Regarding Energy Savings and Government Responses

The recycled plastics market is projected to grow from USD 69.4 billion in 2023 to USD 120.0 billion by 2030, at a CAGR of 8.1% from 2023 to 2030. The recycled plastics market is on the way for intense growth across various end-use industries including packaging, textiles, building & construction, automotive, electrical & electronics, and other industries.

By type, the post-consumer recyclate segment is expected to be the largest and fastest growing segment of recycled plastics market during 2023 to 2030

Based on type, post-consumer recyclate is expected to lead the recycled plastics market. Factors such as growing usage of plastics in a wide range of products including clothing and food & beverages are expected to drive the market for the post-consumer recyclate segment during the forecast period.

By end-use industry, packaging segment accounted for the largest share of recycled plastics market in 2022

The packaging segment held the largest share of the market owing to the increase in usage of recycled plastics in packaging industry for a wide range of products. The major recycled resins used for the packaging industry are PET and HDPE. Boots, M&S, Coca-Cola, and Innocent Drinks are a few of the major companies using recycled products for packaging.

The recycled plastics market in North America is projected to witness the second highest CAGR during the forecast period

North America is projected to register the second highest CAGR in the recycled plastics market from 2023 to 2030. North America is one of the key markets for recycled plastics owing to its increasing focus on reducing plastic disposal and promotion of recycled plastics usage.

Profile break-up of primary participants for the report:

  • By Company Type: Tier 1 - 65%, Tier 2 - 20%, and Tier 3 - 15%
  • By Designation: C-level Executives - 25%, Directors - 30%, and Others - 45%
  • By Region: North America - 30%, Europe - 20%, Asia Pacific - 40%, and RoW - 10%

The recycled plastics report is dominated by players, such as Alpek (Mexico), Biffa (UK), Cabka (Germany), Far Eastern New Century Corporation (Taiwan), Indorama Ventures (Thailand), Jayplas (UK), Loop Industries, Inc. (Canada), MBA Polymers Inc. (US), Plastipak Holdings, Inc. (US), Republic Services (US), Stericycle (US), Veolia (France), and others

Research Coverage:

The report defines, segments, and projects the size of the recycled plastics market based on source, plastic type, process, type, end-use industry, and region. It strategically profiles the key players and comprehensively analyzes their market share and core competencies. It also tracks and analyzes competitive developments, such as partnership, agreement, investment, and expansion undertaken by them in the market.

Reasons to Buy the Report:

The report is expected to help the market leaders/new entrants in the market by providing them the closest approximations of revenue numbers of the recycled plastics market and its segments. This report is also expected to help stakeholders obtain an improved understanding of the competitive landscape of the market, gain insights to improve the position of their businesses and make suitable go-to-market strategies. It also enables stakeholders to understand the pulse of the market and provide them information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (growing awareness regarding energy savings and government initiatives), restraints (stringent competition from virgin plastics), opportunities (favorable initiatives to promote use of recycled plastics in developed countries), and challenges (difficulty in collection of raw materials) influencing the growth of the recycled plastics market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities in the recycled plastics market.
  • Market Development: Comprehensive information about lucrative markets - the report analyses the recycled plastics market across varied regions.
  • Market Diversification: Exhaustive information about new services, various recycling processes, untapped geographies, recent developments, and investments in the recycled plastics market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like Veolia (France), Indorama Ventures (Thailand), Far Eastern New Century Corporation (Taiwan), Alpek (Mexico), and Berry Global Inc. (US) among others in the recycled plastics market.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions and Exclusions
Table 1 Recycled Plastics Market: Inclusions and Exclusions
1.3 Market Scope
Figure 1 Recycled Plastics Market Segmentation
1.3.1 Regions Covered
1.3.2 Years Considered
1.4 Currency Considered
1.5 Unit Considered
1.6 Limitations
1.7 Stakeholders
1.8 Summary of Changes

2 Research Methodology
2.1 Research Data
Figure 2 Recycled Plastics Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.2.2 List of Participating Companies in Primary Research
2.1.2.3 Breakdown of Primary Interviews
2.1.2.4 Key Industry Insights
2.2 Matrix Considered for Demand Side
Figure 3 Main Matrix Considered for Assessing Demand for Recycled Plastics
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
Figure 4 Market Size Estimation: Bottom-Up Approach
2.3.2 Top-Down Approach
Figure 5 Market Size Estimation: Top-Down Approach
2.4 Methodology for Supply-Side Sizing of Recycled Plastics Market (1/2)
2.5 Methodology for Supply-Side Sizing of Recycled Plastics Market (2/2)
2.5.1 Calculations Based on Supply-Side Analysis
2.5.2 Growth Rate Assumptions/Growth Forecast
2.6 Market Breakdown and Data Triangulation
Figure 6 Recycled Plastics Market: Data Triangulation
2.7 Impact of Recession
2.8 Research Assumptions
2.9 Research Limitations
2.10 Risk Analysis

3 Executive Summary
Table 2 Recycled Plastics Market Snapshot: 2023 Vs. 2030
Figure 7 Bottles to be Largest Source of Recycled Plastics During Forecast Period
Figure 8 Pet Segment to Account for Largest Market Share from 2023 to 2030
Figure 9 Packaging to be Fastest-Growing End-Use Industry of Recycled Plastics Between 2022 and 2030
Figure 10 Asia-Pacific Led Global Recycled Plastics Market in 2022

4 Premium Insights
4.1 Attractive Opportunities in Recycled Plastics Market
Figure 11 Increase in Demand for Recycled Plastics in Various Applications
4.2 Recycled Plastics Market, by Region
Figure 12 Asia-Pacific to be Fastest-Growing Market Between 2023 and 2030
4.3 Recycled Plastics Market, by Type
Figure 13 Post-Consumer Recyclates to Hold Larger Market Share Between 2023 and 2030
4.4 Recycled Plastics Market in Asia-Pacific, by Type and Country
Figure 14 China to Dominate Market in Asia-Pacific
4.5 Recycled Plastics Market Attractiveness
Figure 15 Recycled Plastics Market to Register Fastest Growth in South Africa Between 2023 and 2030

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 16 Drivers, Restraints, Opportunities, and Challenges in Recycled Plastics Market
5.2.1 Drivers
5.2.1.1 Negative Environmental Impact of Plastics Disposal
Figure 17 Total Amount of Plastics Produced Globally
5.2.1.2 Growing Awareness Regarding Energy Savings and Government Initiatives
5.2.1.3 Increasing Use in Packaging, Automotive, and Electrical & Electronics Industries
5.2.1.4 Growth in Chemical Recycling Process
5.2.2 Restraints
5.2.2.1 Strong Competition from Virgin Plastic
5.2.2.2 Adverse Impact of Downcycling
5.2.3 Opportunities
5.2.3.1 Favorable Initiatives to Promote Use of Recycled Plastics in Developed Countries
5.2.3.2 Increasing Use in Textile Industry in Developing Countries of Asia-Pacific
5.2.3.3 Development of New Recycling Technologies
5.2.4 Challenges
5.2.4.1 Ban on Imports of Waste or Scrap Plastics in China
5.2.4.2 Difficulty in Collection of Raw Materials
5.2.4.3 Low Recycling Rate for Most Plastics Apart from Pet and Hdpe
5.2.4.4 Non-Acceptance of Pigmented Plastics by Most Recycling Facilities
5.3 Porter's Five Forces Analysis
Figure 18 Recycled Plastics Market: Porter's Five Forces Analysis
Table 3 Recycled Plastics Market: Porter's Five Force Analysis
5.3.1 Threat of New Entrants
5.3.2 Bargaining Power of Suppliers
5.3.3 Threat of Substitutes
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Regulatory Landscape
5.4.1 Ban & Restriction - to Reduce Impact of Certain Plastic Products on the Environment
5.4.2 Economic Instruments Have Impacted Plastic Usage and Behavior Patterns
5.4.3 Standardization - Criteria and Guidelines for Quality, Safety, and Acceptability of Products
5.4.4 Guidance for Industry - Use of Recycled Plastics in Food Packaging
5.5 Supply Chain Analysis
Figure 19 Supply Chain Analysis: Recycled Plastics Market
5.5.1 Prominent Companies
5.5.2 Small & Medium-Sized Enterprises
5.6 Ecosystem Map
Figure 20 Ecosystem Map of Recycled Plastics Market
Table 4 Ecosystem of Recycled Plastics Market
5.7 Case Study Analysis
5.7.1 Closed-Loop Plastic Recycling
5.7.1.1 Objective
5.7.1.2 Solution Statement
5.7.2 Plastic Recycling in Germany
5.7.2.1 Objective
5.7.2.2 Solution Statement
5.7.3 Comparison Between Various Rpet Management Methods
5.7.3.1 Objective
5.7.3.2 Solution Statement
5.8 Patent Analysis
Figure 21 Number of Granted Patents, Patent Applications, and Limited Patents
Figure 22 Publication Trends (2013-2022)
5.8.1 Insights
Figure 23 Legal Status of Patents
Figure 24 Top Jurisdiction, by Document
Figure 25 Top 10 Patent Applicants
Table 5 List of Recent Patents by Eastman Chemical Company
Table 6 List of Recent Patents by Chevron U.S.A. Inc.
Table 7 List of Recent Patents by Kbg Kunststoff-Bearings Ges.Mbh
Table 8 Top 10 Patent Owners in Last 10 Years
5.9 Technology Analysis
5.9.1 Introduction
5.9.2 Mechanical Recycling
5.9.3 Chemical Recycling
5.10 Key Stakeholders and Buying Criteria
5.10.1 Key Stakeholders in Buying Process
Figure 26 Influence of Stakeholders on Buying Process for Top Four End-Use Industries
Table 9 Influence of Stakeholders on Buying Process for Top Four End-Use Industries (%)
5.10.2 Buying Criteria
Figure 27 Key Buying Criteria for Top Four End-Use Industries
Table 10 Key Buying Criteria for Top Four End-Use Industries
5.11 Key Conferences & Events, 2023-2024
Table 11 Recycled Plastics Market: Key Conferences and Events (2023-2024)
5.12 Trade Data
Table 12 Import of Plastic Waste
Table 13 Export of Plastic Waste
5.13 Trends/Disruptions Impacting Customer Business
Figure 28 Trends/Disruptions Impacting Recycled Plastics Ecosystem
5.14 Pricing Analysis
5.14.1 Average Selling Price for Recycled Plastics in 2022, by Type
Figure 29 Average Selling Price, by Type
5.14.2 Average Selling Price for Recycled Plastics in 2022, by Region
Figure 30 Average Selling Price, by Region

6 Recycled Plastics Market, by Process
6.1 Introduction
6.2 Mechanical Recycling
6.2.1 Mechanical Recycling Widely Adopted due to Its Simplicity and Cost-Effectiveness
6.3 Chemical Recycling
6.3.1 Increased Resource Efficiency and Versatility to Propel Demand for Chemical Recycling of Plastics

7 Recycled Plastics Market, by Type
7.1 Introduction
Figure 31 Post-Consumer Recyclates to Account for Larger Share During Forecast Period
Table 14 Recycled Plastics Market Size, by Type, 2018-2022 (Kiloton)
Table 15 Recycled Plastics Market Size, by Type, 2023-2030 (Kiloton)
7.2 Post-Consumer Recyclates
7.2.1 Increased Use of Plastics in Textiles, Food & Beverages, and Cosmetics to Fuel Market
Table 16 Post-Consumer Recyclates: Recycled Plastics Market Size, by Region, 2018-2022 (Kiloton)
Table 17 Post-Consumer Recyclates: Recycled Plastics Market Size, by Region, 2023-2030 (Kiloton)
7.3 Industrial Recyclates
7.3.1 Industrial Recyclates Help Reduce Greenhouse Gas Emissions and Save Energy
Table 18 Industrial Recyclates: Recycled Plastics Market Size, by Region, 2018-2022 (Kiloton)
Table 19 Industrial Recyclates: Recycled Plastics Market Size, by Region, 2023-2030 (Kiloton)

8 Recycled Plastics Market, by Source
8.1 Introduction
Figure 32 Bottles to be Largest and Fastest-Growing Source of Recycled Plastics Between 2023 and 2030
Table 20 Recycled Plastics Market Size, by Source, 2018-2022 (USD Million)
Table 21 Recycled Plastics Market Size, by Source, 2023-2030 (USD Million)
8.2 Bottles
8.2.1 Bottles to be Largest Source of Material for Recycled Plastics
Table 22 Bottles: Recycled Plastics Market Size, by Region, 2018-2022 (USD Million)
Table 23 Bottles: Recycled Plastics Market Size, by Region, 2023-2030 (USD Million)
8.3 Films
8.3.1 Growing Usage of Single-Use Plastic Bags to Enhance Market for this Segment
Table 24 Films: Recycled Plastics Market Size, by Region, 2018-2022 (USD Million)
Table 25 Films: Recycled Plastics Market Size, by Region, 2023-2030 (USD Million)
8.4 Fibers
8.4.1 Growth in Textile Sector to Propel Demand in Fibers Segment
Table 26 Fibers: Recycled Plastics Market Size, by Region, 2018-2022 (USD Million)
Table 27 Fibers: Recycled Plastics Market Size, by Region, 2023-2030 (USD Million)
8.5 Foams
8.5.1 Growing Applications in Cushioning Materials and Panels for Buildings to Drive Market
Table 28 Foams: Recycled Plastics Market Size, by Region, 2018-2022 (USD Million)
Table 29 Foams: Recycled Plastics Market Size, by Region, 2023-2030 (USD Million)
8.6 Others
Table 30 Others: Recycled Plastics Market Size, by Region, 2018-2022 (USD Million)
Table 31 Others: Recycled Plastics Market Size, by Region, 2023-2030 (USD Million)

9 Recycled Plastics Market, by Plastic Type
9.1 Introduction
Figure 33 Pet to Dominate Recycled Plastics Market Between 2023 and 2030
Table 32 Recycled Plastics Market Size, by Plastic Type, 2018-2022 (USD Million)
Table 33 Recycled Plastics Market Size, by Plastic Type, 2023-2030 (USD Million)
Table 34 Recycled Plastics Market Size, by Plastic Type, 2018-2022 (Kiloton)
Table 35 Recycled Plastics Market Size, by Plastic Type, 2023-2030 (Kiloton)
9.2 Polyethylene Terephthalate (Pet)
9.2.1 Pet Offers Repeated Recoverability and Recyclability
Table 36 Pet: Recycled Plastics Market Size, by Region, 2018-2022 (USD Million)
Table 37 Pet: Recycled Plastics Market Size, by Region, 2023-2030 (USD Million)
Table 38 Pet: Recycled Plastics Market Size, by Region, 2018-2022 (Kiloton)
Table 39 Pet: Recycled Plastics Market Size, by Region, 2023-2030 (Kiloton)
9.3 Polyethylene (Pe)
9.3.1 Easy Recyclability to Drive Market for this Segment
Table 40 Pe: Recycled Plastics Market Size, by Region, 2018-2022 (USD Million)
Table 41 Pe: Recycled Plastics Market Size, by Region, 2023-2030 (USD Million)
Table 42 Pe: Recycled Plastics Market Size, by Region, 2018-2022 (Kiloton)
Table 43 Pe: Recycled Plastics Market Size, by Region, 2023-2030 (Kiloton)
9.4 Polyvinyl Chloride (Pvc)
9.4.1 Recycled Pvc Largely Used in Building & Construction Industry
Table 44 Pvc: Recycled Plastics Market Size, by Region, 2018-2022 (USD Million)
Table 45 Pvc: Recycled Plastics Market Size, by Region, 2023-2030 (USD Million)
Table 46 Pvc: Recycled Plastics Market Size, by Region, 2018-2022 (Kiloton)
Table 47 Pvc: Recycled Plastics Market Size, by Region, 2023-2030 (Kiloton)
9.5 Polypropylene (Pp)
9.5.1 Recycled Pp Market to Witness Growth due to Industrialization
Table 48 Pp: Recycled Plastics Market Size, by Region, 2018-2022 (USD Million)
Table 49 Pp: Recycled Plastics Market Size, by Region, 2023-2030 (USD Million)
Table 50 Pp: Recycled Plastics Market Size, by Region, 2018-2022 (Kiloton)
Table 51 Pp: Recycled Plastics Market Size, by Region, 2023-2030 (Kiloton)
9.6 Polystyrene (Ps)
9.6.1 Asia-Pacific to be Dominant Market for Polystyrene Segment
Table 52 Ps: Recycled Plastics Market Size, by Region, 2018-2022 (USD Million)
Table 53 Ps: Recycled Plastics Market Size, by Region, 2023-2030 (USD Million)
Table 54 Ps: Recycled Plastics Market Size, by Region, 2018-2022 (Kiloton)
Table 55 Ps: Recycled Plastics Market Size, by Region, 2023-2030 (Kiloton)
9.7 Others
Table 56 Others: Recycled Plastics Market Size, by Region, 2018-2022 (USD Million)
Table 57 Others: Recycled Plastics Market Size, by Region, 2023-2030 (USD Million)
Table 58 Others: Recycled Plastics Market Size, by Region, 2018-2022 (Kiloton)
Table 59 Others: Recycled Plastics Market Size, by Region, 2023-2030 (Kiloton)

10 Recycled Plastics Market, by End-Use Industry
10.1 Introduction
Figure 34 Packaging to be Leading End-user of Recycled Plastics Between 2023 and 2030
Table 60 Recycled Plastics Market Size, by End-Use Industry, 2018-2022 (USD Million)
Table 61 Recycled Plastics Market Size, by End-Use Industry, 2023-2030 (USD Million)
10.2 Packaging
10.2.1 Increase in Use of Recycled Plastics in Packaging Industry to Boost Demand
Table 62 Packaging: Recycled Plastics Market Size, by Region, 2018-2022 (USD Million)
Table 63 Packaging: Recycled Plastics Market Size, by Region, 2023-2030 (USD Million)
10.3 Building & Construction
10.3.1 Asia-Pacific to be Largest Market for Recycled Plastics in Building & Construction
Table 64 Building & Construction: Recycled Plastics Market Size, by Region, 2018-2022 (USD Million)
Table 65 Building & Construction: Recycled Plastics Market Size, by Region, 2023-2030 (USD Million)
10.4 Textile
10.4.1 Textile Industry Using Recycled Plastics to Create More Sustainable Versions of Fabrics
Table 66 Textiles: Recycled Plastics Market Size, by Region, 2018-2022 (USD Million)
Table 67 Textiles: Recycled Plastics Market Size, by Region, 2023-2030 (USD Million)
10.5 Automotive
10.5.1 Extensive Use of Recycled Plastics in Car Parts to Fuel Demand
Table 68 Automotive: Recycled Plastics Market Size, by Region, 2018-2022 (USD Million)
Table 69 Automotive: Recycled Plastics Market Size, by Region, 2023-2030 (USD Million)
10.6 Electrical & Electronics
10.6.1 North America to be Fastest-Growing Market for Recycled Plastics in Electrical & Electronics
Table 70 Electrical & Electronics: Recycled Plastics Market Size, by Region, 2018-2022 (USD Million)
Table 71 Electrical & Electronics: Recycled Plastics Market Size, by Region, 2023-2030 (USD Million)
10.7 Others
Table 72 Others: Recycled Plastics Market Size, by Region, 2018-2022 (USD Million)
Table 73 Others: Recycled Plastics Market Size, by Region, 2023-2030 (USD Million)

11 Recycled Plastics Market, by Region
11.1 Introduction
Figure 35 Asia-Pacific to Account for Largest Share During Forecast Period
Table 74 Recycled Plastics Market Size, by Region, 2018-2022 (USD Million)
Table 75 Recycled Plastics Market Size, by Region, 2023-2030 (USD Million)
Table 76 Recycled Plastics Market Size, by Region, 2018-2022 (Kiloton)
Table 77 Recycled Plastics Market Size, by Region, 2023-2030 (Kiloton)
11.2 Asia-Pacific
11.2.1 Impact of Recession
Figure 36 Asia-Pacific: Recycled Plastics Market Snapshot
Table 78 Asia-Pacific: Recycled Plastics Market Size, by Country, 2018-2022 (USD Million)
Table 79 Asia-Pacific: Recycled Plastics Market Size, by Country, 2023-2030 (USD Million)
Table 80 Asia-Pacific: Recycled Plastics Market Size, by Country, 2018-2022 (Kiloton)
Table 81 Asia-Pacific: Recycled Plastics Market Size, by Country, 2023-2030 (Kiloton)
Table 82 Asia-Pacific: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (USD Million)
Table 83 Asia-Pacific: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (USD Million)
Table 84 Asia-Pacific: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (Kiloton)
Table 85 Asia-Pacific: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (Kiloton)
Table 86 Asia-Pacific: Recycled Plastics Market Size, by End-Use Industry, 2018-2022 (USD Million)
Table 87 Asia-Pacific: Recycled Plastics Market Size, by End-Use Industry, 2023-2030 (USD Million)
Table 88 Asia-Pacific: Recycled Plastics Market Size, by Source, 2018-2022 (USD Million)
Table 89 Asia-Pacific: Recycled Plastics Market Size, by Source, 2023-2030 (USD Million)
11.2.2 China
11.2.2.1 Domestic Plastic Recycling Rate to Increase in China
Table 90 China: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (USD Million)
Table 91 China: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (USD Million)
Table 92 China: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (Kiloton)
Table 93 China: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (Kiloton)
11.2.3 Japan
11.2.3.1 Rise in Environmental Awareness and Increase in Consumer Plastic Waste Recycling Services to Enhance Demand
Table 94 Japan: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (USD Million)
Table 95 Japan: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (USD Million)
Table 96 Japan: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (Kiloton)
Table 97 Japan: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (Kiloton)
11.2.4 India
11.2.4.1 Increase in Demand for Fast-Moving Consumer Goods to Drive Demand
Table 98 India: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (USD Million)
Table 99 India: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (USD Million)
Table 100 India: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (Kiloton)
Table 101 India: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (Kiloton)
11.2.5 South Korea
11.2.5.1 Government Initiatives to Enhance Plastic Recycling to Support Market Growth
Table 102 South Korea: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (USD Million)
Table 103 South Korea: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (USD Million)
Table 104 South Korea: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (Kiloton)
Table 105 South Korea: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (Kiloton)
11.2.6 Rest of Asia-Pacific
Table 106 Rest of Asia-Pacific: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (USD Million)
Table 107 Rest of Asia-Pacific: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (USD Million)
Table 108 Rest of Asia-Pacific: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (Kiloton)
Table 109 Rest of Asia-Pacific: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (Kiloton)
11.3 Europe
11.3.1 Impact of Recession
Figure 37 Europe: Recycled Plastics Market Snapshot
Table 110 Europe: Recycled Plastics Market Size, by Country, 2018-2022 (USD Million)
Table 111 Europe: Recycled Plastics Market Size, by Country, 2023-2030 (USD Million)
Table 112 Europe: Recycled Plastics Market Size, by Country, 2018-2022 (Kiloton)
Table 113 Europe Recycled Plastics Market Size, by Country, 2023-2030 (Kiloton)
Table 114 Europe: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (USD Million)
Table 115 Europe: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (USD Million)
Table 116 Europe: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (Kiloton)
Table 117 Europe: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (Kiloton)
Table 118 Europe: Recycled Plastics Market Size, by End-Use Industry, 2018-2022 (USD Million)
Table 119 Europe: Recycled Plastics Market Size, by End-Use Industry, 2023-2030 (USD Million)
Table 120 Europe: Recycled Plastics Market Size, by Source, 2018-2022 (USD Million)
Table 121 Europe: Recycled Plastics Market Size, by Source, 2023-2030 (USD Million)
11.3.2 Germany
11.3.2.1 Presence of Strong Domestic Recycling Industry to Drive Market
Table 122 Germany: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (USD Million)
Table 123 Germany: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (USD Million)
Table 124 Germany: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (Kiloton)
Table 125 Germany: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (Kiloton)
11.3.3 Uk
11.3.3.1 Increasing Preference for Recycled Plastics Among Consumers and Manufacturers
Table 126 Uk: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (USD Million)
Table 127 Uk: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (USD Million)
Table 128 Uk: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (Kiloton)
Table 129 Uk: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (Kiloton)
11.3.4 France
11.3.4.1 Increase in Consumption of Packaged Food & Beverage to Fuel Demand for Plastics
Table 130 France: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (USD Million)
Table 131 France: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (USD Million)
Table 132 France: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (Kiloton)
Table 133 France: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (Kiloton)
11.3.5 Italy
11.3.5.1 Technological Advancement Driving Plastics Recycling
Table 134 Italy: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (USD Million)
Table 135 Italy: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (USD Million)
Table 136 Italy: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (Kiloton)
Table 137 Italy: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (Kiloton)
11.3.6 Spain
11.3.6.1 Spanish Plastic Raw Material Manufacturers Investing in Plastic Recycling Sector
Table 138 Spain: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (USD Million)
Table 139 Spain: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (USD Million)
Table 140 Spain: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (Kiloton)
Table 141 Spain: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (Kiloton)
11.3.7 Rest of Europe
Table 142 Rest of Europe: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (USD Million)
Table 143 Rest of Europe: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (USD Million)
Table 144 Rest of Europe: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (Kiloton)
Table 145 Rest of Europe: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (Kiloton)
11.4 North America
11.4.1 Impact of Recession
Figure 38 North America: Recycled Plastics Market Snapshot
Table 146 North America: Recycled Plastics Market Size, by Country, 2018-2022 (USD Million)
Table 147 North America: Recycled Plastics Market Size, by Country, 2023-2030 (USD Million)
Table 148 North America: Recycled Plastics Market Size, by Country, 2018-2022 (Kiloton)
Table 149 North America: Recycled Plastics Market Size, by Country, 2023-2030 (Kiloton)
Table 150 North America: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (USD Million)
Table 151 North America: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (USD Million)
Table 152 North America: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (Kiloton)
Table 153 North America: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (Kiloton)
Table 154 North America: Recycled Plastics Market Size, by End-Use Industry, 2018-2022 (USD Million)
Table 155 North America: Recycled Plastics Market Size, by End-Use Industry, 2023-2030 (USD Million)
Table 156 North America: Recycled Plastics Market Size, by Source, 2018-2022 (USD Million)
Table 157 North America: Recycled Plastics Market Size, by Source, 2023-2030 (USD Million)
11.4.2 Us
11.4.2.1 Government Initiatives to Increase Plastic Recycling to Drive Demand
Table 158 Us: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (USD Million)
Table 159 Us: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (USD Million)
Table 160 Us: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (Kiloton)
Table 161 Us: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (Kiloton)
11.4.3 Canada
11.4.3.1 Presence of Well-Established Recycling Infrastructure to Propel Demand
Table 162 Canada: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (USD Million)
Table 163 Canada: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (USD Million)
Table 164 Canada: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (Kiloton)
Table 165 Canada: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (Kiloton)
11.4.4 Mexico
11.4.4.1 Large Consumption of Bottled Water Offers Significant Opportunities for Plastic Recycling
Table 166 Mexico: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (USD Million)
Table 167 Mexico: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (USD Million)
Table 168 Mexico: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (Kiloton)
Table 169 Mexico: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (Kiloton)
11.5 South America
11.5.1 Impact of Recession
Table 170 South America: Recycled Plastics Market Size, by Country, 2018-2022 (USD Million)
Table 171 South America: Recycled Plastics Market Size, by Country, 2023-2030 (USD Million)
Table 172 South America: Recycled Plastics Market Size, by Country, 2018-2022 (Kiloton)
Table 173 South America: Recycled Plastics Market Size, by Country, 2023-2030 (Kiloton)
Table 174 South America: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (USD Million)
Table 175 South America: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (USD Million)
Table 176 South America: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (Kiloton)
Table 177 South America: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (Kiloton)
Table 178 South America: Recycled Plastics Market Size, by End-Use Industry, 2018-2022 (USD Million)
Table 179 South America: Recycled Plastics Market Size, by End-Use Industry, 2023-2030 (USD Million)
Table 180 South America: Recycled Plastics Market Size, by Source, 2018-2022 (USD Million)
Table 181 South America: Recycled Plastics Market Size, by Source, 2023-2030 (USD Million)
11.5.2 Brazil
11.5.2.1 Brazil to be Dominant Market in South America
Table 182 Brazil: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (USD Million)
Table 183 Brazil: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (USD Million)
Table 184 Brazil: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (Kiloton)
Table 185 Brazil: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (Kiloton)
11.5.3 Argentina
11.5.3.1 Presence of Largest Food & Beverage Sector to Drive Plastic Recycling
Table 186 Argentina: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (USD Million)
Table 187 Argentina: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (USD Million)
Table 188 Argentina: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (Kiloton)
Table 189 Argentina: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (Kiloton)
11.5.4 Rest of South America
Table 190 Rest of South America: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (USD Million)
Table 191 Rest of South America: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (USD Million)
Table 192 Rest of South America: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (Kiloton)
Table 193 Rest of South America: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (Kiloton)
11.6 Middle East & Africa
11.6.1 Impact of Recession
Table 194 Middle East & Africa: Recycled Plastics Market Size, by Country, 2018-2022 (USD Million)
Table 195 Middle East & Africa: Recycled Plastics Market Size, by Country, 2023-2030 (USD Million)
Table 196 Middle East & Africa: Recycled Plastics Market Size, by Country, 2018-2022 (Kiloton)
Table 197 Middle East & Africa: Recycled Plastics Market Size, by Country, 2023-2030 (Kiloton)
Table 198 Middle East & Africa: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (USD Million)
Table 199 Middle East & Africa Recycled Plastics Market Size, by Plastic Type, 2023-2030 (USD Million)
Table 200 Middle East & Africa: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (Kiloton)
Table 201 Middle East & Africa: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (Kiloton)
Table 202 Middle East & Africa: Recycled Plastics Market Size, by End-Use Industry, 2018-2022 (USD Million)
Table 203 Middle East & Africa: Recycled Plastics Market Size, by End-Use Industry, 2023-2030 (USD Million)
Table 204 Middle East & Africa: Recycled Plastics Market Size, by Source, 2018-2022 (USD Million)
Table 205 Middle East & Africa: Recycled Plastics Market Size, by Source, 2023-2030 (USD Million)
11.6.2 Iran
11.6.2.1 Largest Consumer of Recycled Plastics in the Region
Table 206 Iran: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (USD Million)
Table 207 Iran: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (USD Million)
Table 208 Iran: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (Kiloton)
Table 209 Iran: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (Kiloton)
11.6.3 Saudi Arabia
11.6.3.1 Consumers Investing in Innovative Packaging Designs for Newer Recycled Plastic Products
Table 210 Saudi Arabia: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (USD Million)
Table 211 Saudi Arabia: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (USD Million)
Table 212 Saudi Arabia: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (Kiloton)
Table 213 Saudi Arabia: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (Kiloton)
11.6.4 South Africa
11.6.4.1 Increased Use of Recycled Plastics in Packaging Applications
Table 214 South Africa: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (USD Million)
Table 215 South Africa: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (USD Million)
Table 216 South Africa: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (Kiloton)
Table 217 South Africa: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (Kiloton)
11.6.5 Rest of Middle East & Africa
Table 218 Rest of Middle East & Africa: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (USD Million)
Table 219 Rest of Middle East & Africa: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (USD Million)
Table 220 Rest of Middle East & Africa: Recycled Plastics Market Size, by Plastic Type, 2018-2022 (Kiloton)
Table 221 Rest of Middle East & Africa: Recycled Plastics Market Size, by Plastic Type, 2023-2030 (Kiloton)

12 Competitive Landscape
12.1 Introduction
12.2 Strategies Adopted by Key Players
Table 222 Overview of Strategies Adopted by Key Manufacturers
12.3 Market Share Analysis
12.3.1 Ranking of Key Market Players, 2022
Figure 39 Ranking of Top Five Players in Recycled Plastics Market, 2022
12.3.2 Market Share of Key Players
Figure 40 Recycled Plastics Market Share Analysis
Table 223 Recycled Plastics Market: Degree of Competition
12.3.2.1 Veolia
12.3.2.2 Indorama Ventures
12.3.2.3 Far Eastern New Century Corporation
12.3.2.4 Alpek
12.3.2.5 Berry Global Inc.
12.3.3 Revenue Analysis of Top 5 Players
Figure 41 Revenue Analysis of Key Companies (2018-2022)
12.4 Company Product Footprint Analysis
Figure 42 Recycled Plastics Market: Company Overall Footprint
Table 224 Recycled Plastics Market: Plastic Type Footprint
Table 225 Recycled Plastics Market: Type Footprint
Table 226 Recycled Plastics Market: Company Region Footprint
12.5 Company Evaluation Matrix (Tier 1)
12.5.1 Stars
12.5.2 Emerging Leaders
12.5.3 Pervasive Players
12.5.4 Participants
Figure 43 Company Evaluation Quadrant: Recycled Plastics Market (Tier 1 Companies)
12.6 Competitive Benchmarking
Table 227 Recycled Plastics Market: List of Key Start-Ups/Smes
Table 228 Recycled Plastics Market: Competitive Benchmarking of Key Start-Ups/Smes

12.7 Start-Ups/Smes Evaluation Quadrant
12.7.1 Progressive Companies
12.7.2 Responsive Companies
12.7.3 Dynamic Companies
12.7.4 Starting Blocks
Figure 44 Start-Ups/Smes Evaluation Quadrant: Recycled Plastics Market
12.8 Competitive Scenario
12.8.1 Product Launches
Table 229 Recycled Plastics Market: Product Launches (2019-2022)
12.8.2 Deals
Table 230 Recycled Plastics Market: Deals (2019-2022)
12.8.3 Other Developments
Table 231 Recycled Plastics Market: Expansions, Investments, and Innovations (2019-2022)

13 Company Profiles
(Business Overview, Products Offered, Recent Developments & Analyst's View)*
13.1 Key Companies
13.1.1 Veolia
Table 232 Veolia: Company Overview
Figure 45 Veolia: Company Snapshot
Table 233 Veolia: Products Offered
Table 234 Veolia: Deals
13.1.2 Indorama Ventures
Table 235 Indorama Ventures: Company Overview
Figure 46 Indorama Ventures: Company Snapshot
Table 236 Indorama Ventures: Products Offered
Table 237 Indorama Ventures: Deals
Table 238 Indorama Ventures: Others
13.1.3 Far Eastern New Century Corporation
Table 239 Far Eastern New Century Corporation: Company Overview
Figure 47 Far Eastern New Century Corporation: Company Snapshot
Table 240 Far Eastern New Century Corporation: Products Offered
Table 241 Far Eastern New Century Corporation: Deals
Table 242 Far Eastern New Century Corporation: Others
13.1.4 Alpek
Table 243 Alpek: Company Overview
Figure 48 Alpek: Company Snapshot
Table 244 Alpek: Products Offered
Table 245 Alpek: Deals
Table 246 Alpek: Others
13.1.5 Berry Global Inc.
Table 247 Berry Global Inc.: Company Overview
Table 248 Berry Global Inc.: Products Offered
Table 249 Berry Global Inc.: Product Launches
Table 250 Berry Global Inc.: Deals
Table 251 Berry Global Inc.: Others
13.1.6 Biffa
Table 252 Biffa: Company Overview
Table 253 Biffa: Products Offered
Table 254 Biffa: Deals
Table 255 Biffa: Others
13.1.7 Cabka
Table 256 Cabka: Company Overview
Figure 49 Cabka: Company Snapshot
Table 257 Cabka: Products Offered
Table 258 Cabka: Deals
13.1.8 Jayplas
Table 259 Jayplas: Company Overview
Table 260 Jayplas: Products Offered
Table 261 Jayplas: Deals
Table 262 Jayplas: Others
13.1.9 Kw Plastics
Table 263 Kw Plastics: Company Overview
Table 264 Kw Plastics: Products Offered
Table 265 Kw Plastics: Deals
Table 266 Kw Plastics: Others
13.1.10 Loop Industries, Inc.
Table 267 Loop Industries, Inc.: Company Overview
Table 268 Loop Industries, Inc.: Products Offered
Table 269 Loop Industries, Inc.: Product Launches
Table 270 Loop Industries, Inc.: Deals
Table 271 Loop Industries, Inc.: Others
13.1.11 Mba Polymers Inc.
Table 272 Mba Polymers Inc.: Company Overview
Table 273 Mba Polymers Inc.: Products Offered
Table 274 Mba Polymers Inc.: Deals
Table 275 Mba Polymers Inc.: Others
13.1.12 Pet Recycling Team GmbH
Table 276 Pet Recycling Team GmbH: Company Overview
Table 277 Pet Recycling Team GmbH: Products Offered
13.1.13 Plastipak Holdings, Inc.
Table 278 Plastipak Holdings, Inc.: Company Overview
Table 279 Plastipak Holdings, Inc.: Products Offered
Table 280 Plastipak Holdings, Inc.: Product Launches
Table 281 Plastipak Holdings, Inc.: Deals
Table 282 Plastipak Holdings, Inc.: Others
13.1.14 Remondis Se & Co. Kg
Table 283 Remondis Se & Co. Kg: Company Overview
Table 284 Remondis Se & Co. Kg: Products Offered
Table 285 Remondis Se & Co. Kg: Deals
Table 286 Remondis Se & Co. Kg: Others
13.1.15 Republic Services
Table 287 Republic Services: Company Overview
Figure 50 Republic Services: Company Snapshot
Table 288 Republic Services: Products Offered
Table 289 Republic Services: Deals
Table 290 Republic Services: Others
13.1.16 Stericycle
Table 291 Stericycle: Company Overview
Figure 51 Stericycle: Company Snapshot
Table 292 Stericycle: Products Offered
13.1.17 Ultra-Poly Corporation
Table 293 Ultra-Poly Corporation: Company Overview
Table 294 Ultra-Poly Corporation: Products Offered
13.2 Other Companies
13.2.1 B&B Plastics Inc.
Table 295 B&B Plastics Inc.: Company Overview
Table 296 B&B Plastics Inc.: Products Offered
13.2.2 Custom Polymers
Table 297 Custom Polymers: Company Overview
Table 298 Custom Polymers: Products Offered
13.2.3 Dalmia Polypro Industries Pvt. Ltd.
Table 299 Dalmia Polypro Industries Pvt. Ltd.: Company Overview
Table 300 Dalmia Polypro Industries Pvt. Ltd.: Products Offered
13.2.4 Envision Plastics
Table 301 Envision Plastics: Company Overview
Table 302 Envision Plastics: Products Offered
13.2.5 Fresh Pak
Table 303 Fresh Pak: Company Overview
Table 304 Fresh Pak: Products Offered
13.2.6 K K Asia Pte Ltd.
Table 305 K K Asia Pte Ltd.: Company Overview
Table 306 K K Asia Pte Ltd.: Products Offered
13.2.7 Replas
Table 307 Replas: Company Overview
Table 308 Replas: Products Offered
13.2.8 Pet Processors LLC
Table 309 Pet Processors LLC: Company Overview
Table 310 Pet Processors LLC: Products Offered
*Details on Business Overview, Products Offered, Recent Developments & Analyst's View Might Not be Captured in Case of Unlisted Companies.

14 Adjacent & Related Markets
14.1 Introduction
14.2 Research Limitations
14.3 Recycled Plastics Interconnected Markets
14.3.1 Molded Plastics Market
14.3.1.1 Market Definition
14.3.1.2 Market Overview
14.3.1.3 Molded Plastics Market, by Type
14.3.1.3.1 Polyethylene (Pe)
14.3.1.3.2 Polypropylene (Pp)
14.3.1.3.3 Polyvinyl Chloride (Pvc)
14.3.1.3.4 Polyethylene Terephthalate (Pet)
14.3.1.3.5 Polystyrene (Ps)
14.3.1.3.6 Polyurethanes (Pu)
14.3.1.3.7 Others
Table 311 Molded Plastics Market Size, by Type, 2018-2021 (Kiloton)
Table 312 Molded Plastics Market Size, by Type, 2018-2021 (USD Million)
Table 313 Molded Plastics Market Size, by Type, 2022-2027 (Kiloton)
Table 314 Molded Plastics Market Size, by Type, 2022-2027 (USD Million)
14.3.2 Recycled Pet Market
14.3.2.1 Market Definition
14.3.2.2 Market Overview
14.3.2.3 Recycled Pet Market, by Type
14.3.2.3.1 Flakes
14.3.2.3.2 Chips
Table 315 Recycled Pet Market Size, by Type, 2010-2016 (USD Million)
Table 316 Recycled Pet Market Size, by Type, 2017-2026 (USD Million)

15 Appendix
15.1 Discussion Guide
15.2 Knowledgestore: The Subscription Portal
15.3 Customization Options



























Executive Summary

Companies Mentioned

  • Alpek
  • B&B Plastics
  • Berry Circular Polymers
  • Biffa
  • Cabka
  • Cleanaway
  • Covanta Holding Corporation
  • Custom Polymers
  • Envision Plastics
  • Far Eastern New Century Corporation
  • Fresh Pak Corporation
  • Imerys
  • Indorama Ventures Public Ltd
  • Jayplas
  • Kk Asia Pte Ltd
  • Kw Plastics
  • Loop Industries, Inc.
  • Mba Polymers
  • Pet Processors LLC
  • Phoenix Technologies
  • Plastipak Holdings
  • Purecycle
  • Remondis Se & Co. Kg
  • Replas
  • Republic Services
  • Stericycle, Inc.
  • Suez
  • Ultra-Poly Corporation
  • Veolia
  • Waste Connections, Inc.

Methodology

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Table Information

Report AttributeDetails
No. of Pages272
PublishedApril 2023
Forecast Period2023 - 2030
Estimated Market Value ( USD ) in 2023 $ 69.4 Billion
Forecasted Market Value ( USD ) by 2030 $ 120 Billion
Compound Annual Growth Rate8.1%
Regions CoveredGlobal
No. of Companies Mentioned30

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About the Recycled Plastics Market

The Recycled Plastics market is a subset of the Plastics industry, focusing on the reuse of plastic materials. It involves the collection, sorting, cleaning, and reprocessing of plastic waste into new products. This process helps to reduce the amount of plastic waste that is sent to landfills and incinerators, and can also help to reduce the amount of new plastic that needs to be produced. Recycled plastics can be used to create a variety of products, including packaging, furniture, and automotive parts. The Recycled Plastics market is driven by a growing awareness of the environmental impact of plastic waste, as well as government regulations and incentives that encourage the reuse of plastic materials. Companies in the market include TerraCycle, Plastic Bank, and Closed Loop Partners. Show Less Read more

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