The global plastics recycling market size was USD 38.52 Billion in 2021 and is expected to register a revenue CAGR of 15.7% during the forecast period, according to the latest analysis by Emergen Research. Increasing use of recycled plastic in packaging and automotive industries is a major factor driving market revenue growth. In addition, rising demand for advanced, innovative, and sustainable recycled plastic products, such as 3D printing plastic waste furniture, is driving revenue growth of the market. For example, a laboratory in Thessaloniki recycles plastic waste from Greek households to create urban furniture. Moreover, rising initiatives from governments of various countries are driving revenue growth of the market. In 2020, Plastics Recyclers in Europe identified over 650 recycling facilities across Europe, with 27 European countries including the UK, Norway, and Switzerland, among others. This corresponds with an installed capacity of approximately 9.6 million tons and an annual turnover of USD 8.26 billion.
The study on the Global Plastics Recycling Market is the latest report covering the impact analysis of the currently ongoing COVID-19 pandemic. The pandemic has directly affected the market by causing disruptions in the global supply chains and indirectly by inducing financial difficulties. The Plastics Recycling market has witnessed dynamic changes in trends and demands owing to the ongoing COVID-19 pandemic. The report provides a detailed outlook on how the pandemic has affected the key segments of the Plastics Recycling industry. The report includes an in-depth impact analysis of the COVID-19 pandemic on the overall Plastics Recycling industry.
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Competitive Outlook: The leading companies operating in the Plastics Recycling market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.
Top Companies Operating in the Plastics Recycling Market and Profiled in the Report are:
Indorama Ventures Public Company Limited, Veolia, WM Intellectual Property Holdings, L.L.C., Unilever, Johnson Matthey, SUEZ, Republic Services, Inc., REMONDIS SE & Co. KG, Econic Technologies, The Shakti Plastic Industries, Biffa, Waste Connections, CLEAN HARBORS, INC., KW Plastics and KW Plastics Recycling Division, and B & B Plastics Inc
Objectives of the Report:
Study of the global Plastics Recycling market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)
Industrial structure analysis of the Plastics Recycling market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape benchmarking
Analysis of Plastics Recycling market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Plastics Recycling market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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Segments Covered in this report are:
Product Type Outlook (Revenue, USD Billion; 2019–2030)
- Polyethylene Terephthalate
- Polyethylene
- Polystyrene
- Polyvinyl Chloride
- Polypropylene
- Others
Source Outlook (Revenue, USD Billion; 2019–2030)
- Bottles
- Films
- Foams
- Fibers
- Others
End-Use Outlook (Revenue, USD Billion; 2019–2030)
- Building & Construction
- Automotive
- Packaging
- Textile
- Electrical & Electronics
- Others
Regional Analysis:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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