Europe Recycled Plastic Market- Industry Trends and Forecast to 2030
Europe recycled plastic market is expected to reach USD 11,123,708.97 thousand by 2030 from USD 7,720,454.24 thousand in 2022, growing at a CAGR of 4.7% during the forecast period of 2023 to 2030.
Market Segmentation:
Europe Recycled Plastic Market, By Source (Bottles, Films, Fibers, Foams, and Others), Polymer Type (Polyethylene Terephthalate (PET), High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE), Polypropylene, Polyvinyl Chloride (PVC), Polystyrene (PS), Polyurethane (PUR), and Others), Industry (Packaging, Packaging, Building and Construction, Automotive, Electrical and Electronics, Furniture, Textile and Clothing, Aerospace and Defence, and Others), Country (Germany, Netherlands, Spain, U.K., Belgium, Italy, Switzerland, Austria, France, Turkey, Rest of Europe) - Industry Trends and Forecast To 2030.
Overview of Europe Recycled Plastic Market Dynamics
Driver
• Implementation of supportive initiatives by various governments regarding recyclable plastic
Restraint
• Ineffective plastic waste segregation and disposal
Opportunity
• Shift toward a circular economy
Market Players:
Some of the key players operating in the Europe recycled plastic market are:
• Veolia
• LyondellBasell Industries Holdings B.V.
• Indorama Ventures Public Company Limited
• Dow
• Repsol
• Alpek S.A.B. de C.V.
• Far Eastern New Century Corporation
• Borealis AG
• PLASTIPAK HOLDINGS, INC.
• Jayplas
• Recycled Plastics UK
• MBA Polymers Inc.