Global Plastic Recycling Market Growth 2023-2029

Global Plastic Recycling Market Growth 2023-2029

Recycled plastics are the plastics that made from post-consumer or post-industrial plastics instead of the virgin resin. The process of recycling used plastic from consumable products is an efficient means to reprocess the material into useful products. Many different products make great sources of recyclable material, including: soda bottles, plastic packaging, sheets and pellets. Recycled plastic is used to make many different types of products. The type of product that is made out of recycled plastic depends on the type of plastic resin. There are several different types of plastic resin used to make different products, such as PET, PP, HDPE and LDPE.

LPI (LP Information)' newest research report, the “Plastic Recycling Industry Forecast” looks at past sales and reviews total world Plastic Recycling sales in 2022, providing a comprehensive analysis by region and market sector of projected Plastic Recycling sales for 2023 through 2029. With Plastic Recycling sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Plastic Recycling industry.

This Insight Report provides a comprehensive analysis of the global Plastic Recycling landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Plastic Recycling portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Plastic Recycling market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Plastic Recycling and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Plastic Recycling.

The global Plastic Recycling market size is projected to grow from US$ 42100 million in 2022 to US$ 63810 million in 2029; it is expected to grow at a CAGR of 63810 from 2023 to 2029.

Global plastic recycling key players include Indorama Ventures, Far Eastern New Century, MBA Polymers, etc. Global top 10 manufacturers hold a share about 2.7%.

China is the largest market, with a share over 40%, followed by North America and Europe, both have a share about 35 percent.

This report presents a comprehensive overview, market shares, and growth opportunities of Plastic Recycling market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

PET

PP

HDPE

LDPE

Others

Segmentation by application

Packaging & Consumer Goods

Construction

Textile Fiber / Clothing

Landscaping/Street Furniture

Other Uses

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Indorama Ventures

Far Eastern New Century

MBA Polymers

DAK Americas

Plastipak Holdings

Longfu Recycling Energy Scientech

Greentech

KW Plastics

Vogt-Plastic

Biffa

Visy

Envision

IMERYS GROUP

Viridor

SUEZ

Chongqing Gengye New Material Technology

Key Questions Addressed in this Report

What is the 10-year outlook for the global Plastic Recycling market?

What factors are driving Plastic Recycling market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Plastic Recycling market opportunities vary by end market size?

How does Plastic Recycling break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.