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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