Recycled plastics market is anticipated to grow at a significant CAGR during the forecast period. The major factor driving the growth of the global recycled plastics market during the forecast period is the increasing acceptance of recycled plastic in several industries globally. Recycled plastic has various applications in the food & beverages industry such as being used to make bottles, containers, cups, among others. Additionally, it is also used in textile industries to make sheets, fibers and strappings, among others.
Furthermore, the growth of the market is can also be attributed to the increasing demand for recycled plastic across the globe. Additionally, recycled plastic is cost-effective compared to its original form. Furthermore, plastics are lightweight, durable as well as inexpensive materials that can be used to make a variety of products and can be moulded in any shape and form. Hence, these factors are driving the demand for recycled plastic which in turn is driving the growth of the global recycled plastics market during the forecast period.
The major companies serving the global Recycled Plastics market include Indorama Ventures Public Ltd., Veolia, Alpek, Jayplas, and Republic Services, among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, partnerships and collaborations, and geographical expansion, to stay competitive in the market. For instance, in December 2021, Veolia announced that it has completed the acquisition of Suez after approval from the European Commission under the EU Merger Regulation.
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Market Coverage
- The market number available for – 2021-2029
- Base year- 2021
- Forecast period- 2023-2029
Segment Covered-
- By Source
- By Type
- By End-User
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape– Indorama Ventures Public Ltd., Veolia, Alpek, Jayplas, and Republic Services.
Recycled Plastics Market Report by Segment
By Source
- Bottles
- Films
- Fibers
- Foams
- Others
By Type
- Polyethylene Terephthalate (PET)
- Polyethylene (PE)
- Polyvinyl Chloride (PVC)
- Polypropylene (PP)
- Polystyrene (PS)
- Others
By End-User
- Packaging
- Building & Construction
- Textile
- Automotive
- Electrical & Electronics
- Others
A full Report of Recycled Plastics Market is Available @ https://www.omrglobal.com/industry-reports/recycled-plastics-market
Recycled Plastics Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
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- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
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