Global recycled plastics market, 2024-2030

Plastic recycling is the process of recovering waste or scrap plastic and reprocessing the materials into functional and useful products. The plastics is non-biodegradable, recycling helps the environment to keep away from the increasing the pollution. As plastic is poisons and harmful for environment, human and animal, it has become essential to reduce the production new plastic and increased the recycle all plastic waste. There are various types of plastics that has been recycled, including polyethylene terephthalate (PET), high density polyethylene (HDPE), polypropylene (PP) and low-density polyethylene (LDPE).

Plastic recycling process produced the functional plastic used for various application such automotive, electronics products and packaging industry. Government has adopted the policy and funding the recycling the plastic industry.

The global recycled plastics market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global recycled plastics market is growing at a fast pace and increasing its geographical footprint rapidly. The global recycled plastics market is valued at US $ xxx million dollars in 2018 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2023 in value.

The growth is comparatively higher in Asia Pacific region due to increase use of plastic. The recyclability properties of plastics are making the plastics recycle market increases in future.

Recycled plastics has remarkable usage across all major regions in the world including Europe, APAC, North America, Middle East and Africa, and Latin America. These regions serve large number of manufacturers and are hence responsible for the growth of recycled plastics market globally. The government policy of save environment and human form the effect of plastic are the key drivers for recycle plastic market growth. The leading suppliers and manufacturers global recycled plastics market are DOW Chemicals, Delta Plastics, Imerys SA, and so on.

Research Methodology

The research process includes the market segmentation of the global recycled plastics market, identifying the growth determinants of every market segment and market forecasts. The primary source from the supply side includes industry experts, CEOs, vice president, directors, and key executives of various industry players. The primary source from demand side includes marketing manager and experts from various application industries. Market Krystal held more than 40 interviews for this study, details of which are mentioned:

By company type:

Manufacturers (40%), Suppliers (20%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (25%), Asia (40%), Europe (20%), Rest of the World (15%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

• Insights on the global recycled plastics industry dynamics
• Estimation of the present global recycled plastics market size in terms of value and volume
• Global recycled plastics market breakup based on types and applications
• Substantiated global recycled plastics market forecast for the next five years.
• In depth analysis of the leading companies working across different nodes of global recycled plastics industry value chain.

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