Global Plastic Recycling Market – Size, Share and Growth Overview
MarkNtel Advisors, a leading market research company, has recently released its latest Global Plastic Recycling Market Report By Source (Bottles, Films, Fibers, Foams), By Process (Mechanical Recycling, Chemical Recycling), By Application (Packaging, Building & Construction, Textiles, Automotive, Electrical & Electronics) and others forecast [2024-30]. This comprehensive examination analyzes the Plastic Recycling market size, share, growth, and revenue of the market by 2030. Our research provides valuable insights for individuals making data-driven decisions, including business owners and analysts. Whether your objective is to explore new markets, launch a new product, or maintain a competitive edge, our research report on the market offers well-researched facts and figures related to market size, share, growth, and revenue in the industry.
What would be the growth rate or CAGR of the Plastic Recycling Market during 2024-30?
The Global Plastic Recycling Market size is valued at nearly USD 32.9 billion in 2023 & is predicted to reach about USD 59.23 billion by 2030. Along with this, the market is also estimated to grow at a CAGR of about 8.72% during the forecast period, i.e., 2024-30.
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What Key Factor is Anticipated to Propel the Plastic Recycling Market from 2024-2030?
Global Environment Initiatives & Corporate Innovations in Plastic Recycling & Circular Economy Solutions – With the rapidly increasing concerns about pollution & environmental degradation, different countries worldwide are taking several initiatives for plastic recycling & waste management to promote & spread awareness about suitable disposal practices for plastic & recycling it into new products. Due to this, many companies are investing and launching new products made up of recycled plastic as part of their circular economy process. For instance:
- In 2023, Dow announced the development of a new resin made with around 70% recycled plastic. This innovative new solution, AGILIT CE, is the first post-consumer recycled (PCR) product offering of Dow’s plastics circularity portfolio to incorporate a high percentage of post-consumer plastic waste.
These developments by the companies to incorporate plastic waste products in their product portfolio have increased the demand for recycled plastic in the market, as it underscores the growing recognition of the imperative to embrace sustainable packaging solutions.
On Geographical Scale, the Market Expand Across the:
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Which Companies Are Leading in the Plastic Recycling Market Between 2024-2030?
The report looks closely at big companies in the market, studying how they plan to be in the market over the coming years. The information we gathered can even help new companies in the long run. With useful facts and advice, our report gives a clear picture of the market, helping investors and others make strong decisions in the Plastic Recycling market. The report points out important companies, including:
> Veolia
> Suez
> KW Plastic
> Jayplas
> B. Schoenberg & Co.
> B&B Plastics
> Green Line Polymers
> Clear Path Recycling
> Custom Polymers
> Plastipak Holdings.
accompanied by their respective net worth and valuation in USD.
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Global Plastic Recycling Industry Segmentation:
The segmented of Global Plastic Recycling Market is as follows:
By Source
> Bottles- Market Size & Forecast 2019-2030, USD Million
> Films- Market Size & Forecast 2019-2030, USD Million
> Fibers- Market Size & Forecast 2019-2030, USD Million
> Foams- Market Size & Forecast 2019-2030, USD Million
By Plastic Type
> Polyethylene Terephthalate (PET) – Market Size & Forecast 2019-2030, USD Million
> Polyethylene (PE)- Market Size & Forecast 2019-2030, USD Million
> Polypropylene (PP)- Market Size & Forecast 2019-2030, USD Million
> Polyvinyl Chloride (PVC)- Market Size & Forecast 2019-2030, USD Million
> Polystyrene (PS)- Market Size & Forecast 2019-2030, USD Million
By Type
> Post-consumer Recyclates- Market Size & Forecast 2019-2030, USD Million
> Industrial Recyclates- Market Size & Forecast 2019-2030, USD Million
By Process
> Mechanical Recycling – Market Size & Forecast 2019-2030, USD Million
> Chemical Recycling – Market Size & Forecast 2019-2030, USD Million
By Application
> Packaging- Market Size & Forecast 2019-2030, USD Million
> Building & Construction- Market Size & Forecast 2019-2030, USD Million
> Textiles- Market Size & Forecast 2019-2030, USD Million
> Automotive- Market Size & Forecast 2019-2030, USD Million
> Electrical & Electronics- Market Size & Forecast 2019-2030, USD Million
Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Key Questions Covered in this Plastic Recycling Market Research Report
- What is the current size of the Plastic Recycling Market, and what factors drive its growth?
- How does the Plastic Recycling Market share compare among key players, and what strategies are they using to gain a competitive advantage?
- What are the latest trends in the Plastic Recycling Market, and how are these trends expected to evolve in the near future?
- What is the demand outlook for the Plastic Recycling Market, and how is it influenced by industry-specific factors and broader economic trends?
- What opportunities are available for investors in the Plastic Recycling Market, and what are the latest investment trends and preferences in this sector?
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