United States Plastic Recycling Market Size- By Product, By Process, By End-User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
United States Plastic Recycling Market Introduction and Overview
According to SPER Market Research, ‘United States Plastic Recycling Market Size – By Product, By Process, By End-User – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the United States Plastic Recycling Market is estimated to reach USD 5.07 billion by 2033 with a CAGR of 8.11%.
Plastic recycling is the process of collecting trash or discarded plastic materials and converting them into new products. This process entails collecting, classifying, cleaning, and processing plastic waste to produce a new material that can be used to make other products. The major purpose of plastic recycling is to limit the amount of plastic rubbish that ends up in landfills and oceans while simultaneously preserving natural resources by using recycled plastic instead of new plastic.
The COVID-19 pandemic has greatly slowed the growth of the plastic recycling business. The outbreak has had an impact on the sector by disrupting supply chains, reducing funding for R&D, and imposing transit limitations. Because of these concerns, the amount of plastic garbage that could be collected and recycled was drastically reduced.
Scope of the Report:Report Metric Details
Market size available for
years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Product, By Process, By End-User
Regions covered Northeast, Southwest, West, Southeast, Midwest
Companies CoveredAgilyx, Brightmark LLC, PLASTIPAK HOLDINGS, INC, MBA Polymers Inc, CUSTOM POLYMERS, UltrePET LLC, KW Plastics, Carbonlite Inc, Seraphim Plastics, Post Plastic Inc.
United States Plastic Recycling Market Segmentation:By Product:Based on the Product, United States Plastic Recycling Market is segmented as; Polyethylene, Polyethylene Terephthalate, Polypropylene, Polyvinyl Chloride, Polystyrene.
By End-User: Based on the End-User, United States Plastic Recycling Market is segmented as; Building & Construction, Packaging, Electrical & Electronics, Textiles, Automotive, Others.
By Region:This research also includes data for Northeast, Southwest, West, Southeast, Midwest.