The global plastics recycling market size was USD 64.30 Billion in 2022 and is expected to register a revenue CAGR of 8.9% during the forecast period, according to the latest analysis by Emergen Research. Increasing use of recycled plastic in packaging and automotive industries is a major factor driving market revenue growth. In addition, rising demand for advanced, innovative, and sustainable recycled plastic products, such as 3D printing plastic waste furniture, is driving revenue growth of the market. For example, a laboratory in Thessaloniki recycles plastic waste from Greek households to create urban furniture. Moreover, rising initiatives from governments of various countries are driving revenue growth of the market. In 2020, Plastics Recyclers in Europe identified over 650 recycling facilities across Europe, with 27 European countries including the UK, Norway, and Switzerland, among others. This corresponds with an installed capacity of approximately 9.6 million tons and an annual turnover of USD 8.26 billion
The report on the Global Plastics Recycling Marketstudy offers a clear understanding of the current market scenario owing to the COVID-19 pandemic and offers a comprehensive analysis of the current and future impact of the pandemic on the overall market landscape. The economic landscape and the market environment have observed drastic changes due to the social restrictions and government-enforced lockdowns imposed to curb the spread of COVID-19. The report is furnished with the latest scenario and growth outlook of the market with regard to the impact of the pandemic.
Read more details of the Plastics Recycling MarketReport, visit @ https://www.emergenresearch.com/industry-report/plastics-recycling-market
Major companies in the market report include Indorama Ventures Public Company Limited, Veolia, WM Intellectual Property Holdings, L.L.C., Unilever, Johnson Matthey, SUEZ, Republic Services, Inc., REMONDIS SE & Co. KG, Econic Technologies, The Shakti Plastic Industries, Biffa, Waste Connections, CLEAN HARBORS, INC., KW Plastics and KW Plastics Recycling Division, and B & B Plastics Inc.
Competitive Landscape:
The latest study provides an insightful analysis of the broad competitive landscape of the global Agriculture technology as a service market, emphasizing the key market rivals and their company profiles. A wide array of strategic initiatives, such as new business deals, mergers & acquisitions, collaborations, joint ventures, technological upgradation, and recent product launches, undertaken by these companies has been discussed in the report. The report analyzes various elements of the market’s competitive scenario, such as the regulatory standards and policies implemented across the industry over recent years.
Emergen Research has segmented the global plastics recycling market on the basis of product type, source, recycling process, end-use, and region:
- Product Type Outlook (Revenue, USD Billion; 2019–2032)
- Polyethylene Terephthalate (PET)
- Polyethylene
- High-Density Polyethylene (HDPE)
- Polystyrene (PS)
- Polyvinyl Chloride (PVC)
- Polypropylene
- Others
- Source Outlook (Revenue, USD Billion; 2019–2032)
- Bottles
- Films
- Foams
- Fibers
- Others
- Recycling Process Outlook (Revenue, USD Billion; 2019–2032)
- Bioplastics Recycling
- Physical Recycling
- Mechanical Recycling
- Chemical Recycling
Regional Segmentation;
· North America (U.S., Canada)
· Europe (U.K., Italy, Germany, France, Rest of EU)
· Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
· Latin America (Chile, Brazil, Argentina, Rest of Latin America)
· Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Report Highlights:
· The report conducts a comparative assessment of the leading market players participating in the global Agriculture technology as a service market.
· The report marks the notable developments that have recently taken place in the Plastics Recycling Marketindustry
· It details on the strategic initiatives undertaken by the market competitors for business expansion.
· It closely examines the micro- and macro-economic growth indicators, as well as the essential elements of the Plastics Recycling Marketmarket value chain.
· The repot further jots down the major growth prospects for the emerging market players in the leading regions of the market.
What Questions Should You Ask before Buying a Market Research Report?
- How is the Plastics Recycling Marketevolving?
- What is driving and restraining the Plastics Recycling Market?
- How will each Plastics Recycling Marketsegment grow over the forecast period and how much revenue will these submarkets account for in 2030?
- How will the market shares for each Plastics Recycling Marketdevelop from 2022 to 2030?
- What will be the main driver for the overall market from 2022 to 2030?
- Will leading Plastics Recycling Marketbroadly follow the macroeconomic dynamics, or will individual national markets outperform others?
- How will the market shares of the national markets change by 2030 and which geographical region will lead the market in 2030?
- Who are the leading players and what are their prospects over the forecast period?
- What are the Plastics Recycling Marketprojects for these leading companies?
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