Global Recycled Plastic Market - Industry Trends and Forecast to 2030
The global recycled plastic market is expected to reach USD 39,458,951.91 thousand by 2030 from USD 27,606,503.26 thousand in 2022, growing at a CAGR of 4.6% during the forecast period of 2023 to 2030.
Market Segmentation:Global 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 (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Netherlands, Spain, U.K., Belgium, Italy, Switzerland, Austria, France, Turkey, Rest of Europe, China, India, Japan, South Korea, Taiwan, Australia & New Zealand, Malaysia, Philippines, Indonesia, Hong Kong, Singapore, Thailand, Rest of Asia-Pacific, South Africa, Saudi Arabia, U.A.E., Egypt, Israel and Rest of Middle East and Africa) - Industry Trends and Forecast To 2030.
Overview of Global recycled plastic Market Dynamics:Driver
• Rising demand for sustainable packaging
Restraint
• Ineffective plastic waste segregation and disposal
Opportunity
• Advancements in plastic recycling technologies
Market Players:The key players operating in the global 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.
• KW Plastics
• Ultra-Poly Corporation
• Jayplas
• CUSTOM POLYMERS
• Recycled Plastics UK
• K K Asia (HK) Ltd.
• Envision Plastics
• B & B Plastics Inc
• Granite Peak Plastics
• B. Schoenberg & Co., Inc.
• MBA Polymers Inc.
• Revolution Company