Recycled Plastic Market – Trends Forecast Till 2028

Recycled Plastic Market, by Source (Bottles, Films, Fibers, Foams), Type (PET, PE, PP, PVC, PS), End-Use Industry (Packaging, Building & Construction, Textiles, Automotive, Electrical & Electronics) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: February, 2021

Base Year Estimate: 2020

Report ID: D-CM-RPM-99

Format:  

Number of Pages: 307

Domain: Chemicals & Materials

Recycled Plastic Market – Trends Forecast Till 2028

Recycling is a mechanism of casting waste into a useful product. With an increased awareness of the ill effects of plastics, there are increased efforts in the direction of recycling plastic. Plastics are of 2 types thermoset (non-recyclable – even on high temperatures) and thermoplastic (can be recycled by melting and casting into a new product).  Recycling of plastics is a market-driven process and is guided by the laws of the government. Recycling plastic is not an easy task because firstly not all plastics are recyclable (single-use plastic) moreover recycling degraded the quality of the plastic, to add on it is not possible to recycle plastic that is dirty. Recently Indian govt has planned to put a complete ban on single-use plastic by 2022.

Global Recycled Plastic Market is anticipated to reach USD 48,374 million in 2021 growing at a CAGR of 6.9% during the forecasting period, 2021-2028. 

Due to the increased consciousness among people about the ill effect of plastic on the environment and also the recent surge in the use of recycled plastic in different industries like automobiles are some of the factors that have supported long-term expansion for the Global Recycled Plastic industry. 

Recycled Plastic Market – Trends Forecast Till 2028

Global Recycled Plastic Market is segmented into the source, type, end-use industry, and geography.

Source segment is segmented into Bottles, Films, Fibers, and Foams.

Type segment is segmented into PET, PE, PP, PVC, and PS.

End-Use industry segment is segmented into Packaging, Building & Construction, Textiles, Automotive, and Electrical & Electronics.

Geographically, Global Recycled Plastic Market is sub-segmented into North America, Europe, Asia-Pacific, Middle East, and Africa and South America, and insights are provided for each region and major countries within the regions

Key players in Global Recycled Plastic Market are Veolia (France), Suez (France), KW Plastics (US), Jayplas (UK), B. Schoenberg & Co. (US), B&B Plastics (US), Green Line Polymers (US), Clear Path Recycling (US), Custom Polymers (US), and Plastipak Holdings (US) among others. 

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Research Methodology

Secondary Research

This research method involved the usage of extensive secondary sources (such as directories and databases)—Hoovers, Avention, annual reports, investor presentation, conferences like Jefferies conference)—to identify and collect information useful for this study of the Global Recycled Plastic Market. The purpose of secondary research is to identify and collection of extensive, technical, market-oriented, and commercial studies of the global Recycled Plastic Market. Through secondary, the market is classified and segmented as per of industry trend, development, regional market. Product and technology development. 

Primary Research

The primary sources mainly included several industry experts from the core and related industries and suppliers, manufacturers, distributors, alliances, and organizations related to all segments of this industry’s supply chain. In-depth interviews were conducted with various primary respondents—including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts—to obtain and verify critical qualitative and quantitative information as well as to assess future prospects. The following figure depicts the market research methodology used in drafting this report on the Global Recycled Plastic Market.

Primary Respondent breakdown is given below:

Primary Respondents

Market Sizing

Top-down and bottom approaches were used to derive the market estimate and validate the total revenue of the Global Recycled Plastic Market. This approach has also been used to derive the market for segmentation and sub-segmentation. 

Data Validation

Impact analysis has been conducted for deriving the market size. After collecting the in-depth quantitative and qualitative data we contact primary respondent in order to gain 98.8% of confidence level on our data.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants 

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
  • Gain authentic and granular data access for Global Recycled Plastic Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 48,374 million

Growth Rate

CAGR of 6.9% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year 

2020

Units Considered

Revenue in USD million and CAGR from 2021 to 2028

Report Segmentation

Type, Source, End-Use Industry, and Geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and the Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Veolia (France), Suez (France), KW Plastics (US), Jayplas (UK), B. Schoenberg & Co. (US), B&B Plastics (US), Green Line Polymers (US), Clear Path Recycling (US), Custom Polymers (US), and Plastipak Holdings (US)

Available Customization 

In addition to the market data for Global Recycled Plastic Market, Delvens offers client-centric reports and customized according to the company’s specific demand and requirement.

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