Moreover, the region imports and recycles the waste plastic and converts them for significant applications. The demand for recycled plastics especially the type PET and HDPE are increasing among various end-user industries and the increasing industrial verticals that are utilizing recycled plastics for varied consumer goods are expected to propel the plastic recycling market growth during the forecast period. Such reports have propelled the European government to increase recycling activities and create more awareness among the industrial verticals. For instance, Recycling Technologies by breaking down plastic has created an advanced material Plaxx, by using a thermal cracking process. BCC Research Plastic market research review provides market professional with concise market coverage within plastic category targeted to Europe, Asia, and North America. What is the regional analysis of the plastic recycling market? A., MTM Plastics GmbH, Plasgran Ltd., Plastipak Holdings, Inc., Recycled Plastics UK, RJM International Inc., Seraphim Plastics, Shakti Plastics Industries, Suez, Teijin Limited, Ultra Poly Corporation , UltrePET, LLC, Veolia, Custom Polymers, Inc., Envision Plastics , Plastic Recycling Inc., KW Plastics, Inc., UltrePET, LLC , Seraphim Plastics , MBA Polymers Inc. , Green-O-Tech India, Increased the demands for the manufacturers, Change in reprocessing and recycling techniques. Recycled waste products include bottles, vehicles, carpet, and electronics. Which region is expected to grow at a higher pace during the forecast period? 
You will be added to our mailing list. The global plastics recycling market size was USD 38.52 Billion in 2021 and is expected to register a revenue CAGR of 6.57% during the forecast period. This magnetic additive when applied to a material, creates better air and moisture insulation and sensitive products, such as coffee and medical products, can be easily stored using this. The COVID 19 pandemic has created severe economic shock across the manufacturing and industrial units and has made them struggle to combat the economic loss. According to United Nations report published in October 2021, pollution from plastics will be doubled by end of 2030, which is creating serious threat to all ecosystems across the globe. For example, installation of a robotic arm coupled with Artificial Intelligence (AI) sorting technology in waste management facilities can identify and sort different types of materials to their corresponding bins irrespective of their condition including irregularity, dirty, and damage. It is less expensive to produce from recycled polyethylene than from virgin plastic and by using recycled polyethylene, companies can lower their costs and contribute to improve the environment. 
BCC Research provides objective, unbiased measurement and assessment of market opportunities with detailed market research reports. Plastic recovery and recycling technologies have enormous economic value. Below we have mentioned a few technical terms which we will be used multiple times in the report. The depletion of natural resources due to the intensive usage and dumping of plastics in the ocean are creating huge stress in the overall environment. 
In the building & construction industry, mixture of melted plastics and certain additives can be used to make roadways. 
During the pandemic, China's import restrictions on plastic waste, as well as supply chain disruptions and shortages of manufacturing feedstock, exposed fragility of plastic production and recycling infrastructure. Moreover, the presence of leading market players and their innovation in the industry in recent years are considered as the major drivers of the plastic recycling industry. The global market for plastic recycling should grow from $26.5 billion in 2020 to $34.4 billion by 2025 at a compound annual growth rate (CAGR) of 5.4% for the forecast period of 2020-2025. 
The Introductory section summarizes the studys goals and objectives, the reasons for doing the study and scopes. Researchers fromUniversity of Bath are working with Protomax, a plastic engineering technology company, to design shelters made with recyclable plastics called Storm Board. | Format: Electronic (PDF) | Publish Type: Publish | Number of Pages: 250, 14671 110 Avenue, Surrey, British Columbia,V3R2A9, Revenue in USD Billion and CAGR in % from 2022 to 2030. Ltd.), +1 628 258 0071(US) +44 2035 002 764(UK), Information And Communications Technology. 
Such factors have increased the plastic recycling market growth despite the widespread of COVID 19. They have since then worked together to drive the petrochemical complex activities. Such factors are augmenting the plastic recycling market growth. For instance, a recent report states that there are over 8 million tons of plastic waste in the water bodies that potentially affect the marine ecosystem. Competition from virgin plastics products and availability of alternative substitutes and difficulty in collection of raw materials are some key factors hampering growth of the global plastics recycling market. There is no established method or procedure in collecting the plastic waste from the manufacturing plants and production areas or sorting them according to the category of the plastics. The building & construction segment is expected to grow at a steady rate during the forecast period. Join our mailing list for the latest report releases and upcoming event notifications. Similarly, the increasing number of regulations imposed by the government and other organizations that surge the adoption of recycled products combined with the increased awareness and responsible public is further augmenting the plastic recycling market growth in recent years. What is the plastic recycling market growth driver? 
The global market for recycled plastics is expected to grow from $28.7 billion in 2022 to $37.3 billion by 2027 with a compound annual growth rate (CAGR) of 5.3% for the period of 2022-2027. Post-industrial plastics are not included. Mechanical recycling methods include those that involve physical modifications to the recovered plastic only, such as separation, grinding and classifying. Furthermore, 170 billion pounds of polypropylene plastic is produced every year and reclaimed for recycling and reuse. Negative impact of plastics disposal on environment, growing awareness regarding energy savings and government responses, and increasing use in packaging, automotive, and electrical & electronics industries are key factors rising demand for plastics recycling solutions, which in turn, is driving market revenue growth. The polypropylene segment is expected to register a steady growth rate during the forecast period. For instance, plastic innovation challenge by Department of Energy will accelerate innovations in the plastic industry and reduceplastic waste in oceans and landfills. 
All rights reserved. With the changes in the market trends, the growth of the plastic recycling industry is spurring up with a CAGR of 5.82% during the forecast period. Some major companies included in the global market report are: On 27 January 2022, Honeywell International Inc. headquartered in Charlotte, announced its intention to form a joint venture with Avangard Innovative to build an advanced recycling plant in Texas. WM Intellectual Property Holdings, L.L.C. Recycled polyethylene is advantageous to both environment and manufacturing facilities. Composite materials, such as paper and plastic foil, cannot be recycled unless they are separated and landfills and incineration are always used to discard these materials, which is also creating environmental pollution. Avangard Innovative will be the first company in the U.S. to use UpCycle Process Technology. North America plastic recycling market growth can spur due to high utility of PET. Global Plastic Bottle Recycling Market Research Report Forecast To 2030, Recyclable Packaging Market Research Report Global Forecast 2030, Electronic Waste Recycling Market Research ReportGlobal Forecast Till 2030, Plastic Waste Management Market Research Report Forecast To 2030, Plastic Recycling Market Can Attain An Outstanding Value Of Usd 36,336.9 Mn By 2028, 2022 Market Research Future(Part of WantStats Research And Media Pvt. The Company Profiles section lists relevant organizations and companies. The term feedstock recycling will be used to denote the process of decomposing plastics to a mix of organic chemicals, some used in the manufacture of plastics and some not. The reports generated by the governmental and non-governmental organizations reveal the status of the plastic waste available on the planet is propelling the growth of the plastic recycling industry. At what CAGR can the plastic recycling market expand? The global market for electric vehicle battery reuse and recycling is estimated to grow from $1.4 billion in 2021 to $8.4 billion by 2026, at a compound annual growth rate (CAGR) of 43.1% during the forecast period of 2021-2026. Bottles acquire a large share in the plastic market, are most recycled products, and used in various industries for making containers for medicines, carbonated drinks, shampoos, and others. Any secondary use or reuse of the material is assumed to have already taken place. The estimated growth rate is primarily driven by the excessive generation of plastic waste across the globe. The Asia Pacific market is expected to register a significantly rapid revenue growth rate owing to growing environmental concerns. Ice, Electric, Hybrid, Autonomous Vehicles, Revenue Forecast, Competitive Landscape, Growth Factors, and Trends, North America, Europe, Asia-Pacific, and Rest of the World (RoW), Asia Plastic Recycling Holding Limited, B & B Plastics Recycling Inc, B. Schoenberg & Co., CarbonLITE Industries LLC, Clear Path Recycling, Consolidated Container Company, GreenLine Polymers, Imerys SA, Indorama Ventures Public Company Limited, Jayplas, Joes Plastics Inc., Kuusakoski Group Oy, KW Plastics, , Montello S.p. 
Based on product type, the global plastics recycling market is segmented into polyethylene terephthalate, polyethylene, polystyrene, polyvinyl chloride, polypropylene, and others. Ltd., PET Recycling Company (PETCO), LyondellBasell, Geo-Tech Polymers, Phoenix Technologies International, LLC and MBA Polymers Inc. Coverage of history and current state of plastic recycling market, Insight into the government regulations and targets of the Plastic Recycling industry, Analyses of the company profiles of the industry. These shelters are low-cost, easy to construct, take less space, and will be in high demand in the future. It accounts for approximately 20% of the worlds plastics and is used to make trays, tubs, and pots for food applications. Furthermore, in Texas, 25% of recycled and recovered polymers could support 40 advanced recycling and recovery facilities, generating over USD 500 million in economic output each year. The growing population and industrialization across the globe combined with the exponential rise in the economic condition and the increasing industrial activities are generating enormous amounts of plastic waste and are contributing to the growth of the plastic recycling market growth. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at. One recycling technology machine is capable of processing 7,000 tons of plastics every year and can be effective to recycle plastic waste to some extent. The term chemical recycling will be used to describe the return to chemical units originally used to make resins. Products are covered separately, and they may be made from plastic from a combination of sources. These acquisitions of the leading market players and novel innovations in technology are driving the plastic recycling market growth. Such initiatives are expected to drive revenue growth of the market. The plastics recycling market in Europe accounted for second-largest revenue share in 2021 due to rising government initiatives to speed up innovation in recycling plastics materials. What is the estimated valuation for the plastic recycling market? Germany accounted for largest revenue share for plastic waste recycling in the regional market followed by Italy, Spain, the UK, and France. 
When possible, it offers a prediction regarding the probable growth rate over the next five years. There is a huge untapped potential in recycling polypropylene, which is widely used plastic across the globe. 
For example, on 02 November 2021, Honeywell launched UpCycle Process Technology, which expands different types of recyclable plastics and produces feedstock with a lower carbon footprint. This section covers topics such as the amount of plastic annually collected and recycled from these sources. Currently, the Asia-pacific region is dominating the plastic recycling industry since 2018. Need a custom data table, graph or complete report? Some reports generated in the European countries states that over 4.4 million tons of plastic waste are generated across the European countries, which are becoming landfills over the year. Seraphim Plastics (US), and Kuusakoski Group Oy (Finland), and MBA Polymers Inc. (US) are some reputed names in the plastic recycling market. The Appendix provides definitions of abbreviations and acronyms. Impact of COVID-19 on the Plastics Recycling Industry. The Summary and Highlights section provides a summary of estimates and forecasts of the global plastics recycling market for 2020-2027, and it highlights the largest and fastest-growing markets and important trends. The polyethylene segment revenue is projected to increase at a rapid growth rate during the forecast period, The bottle segment revenue is expected to register a rapid growth rate during the forecast period, The building and construction segment revenue is expected to increase at a steady rate during the forecast period, The North America market is expected to account for a robust revenue CAGR during the forecast period, Major Companies and Competitive Landscape, Product Type Outlook (Revenue, USD Billion; 20192030), Source Outlook (Revenue, USD Billion; 20192030), End-Use Outlook (Revenue, USD Billion; 20192030), Regional Outlook (Revenue, USD Billion; 20192030), Start typing & press "Enter" or "ESC" to close, Published Date: Jun 2022 |
You will be added to our mailing list. The global plastics recycling market size was USD 38.52 Billion in 2021 and is expected to register a revenue CAGR of 6.57% during the forecast period. This magnetic additive when applied to a material, creates better air and moisture insulation and sensitive products, such as coffee and medical products, can be easily stored using this. The COVID 19 pandemic has created severe economic shock across the manufacturing and industrial units and has made them struggle to combat the economic loss. According to United Nations report published in October 2021, pollution from plastics will be doubled by end of 2030, which is creating serious threat to all ecosystems across the globe. For example, installation of a robotic arm coupled with Artificial Intelligence (AI) sorting technology in waste management facilities can identify and sort different types of materials to their corresponding bins irrespective of their condition including irregularity, dirty, and damage. It is less expensive to produce from recycled polyethylene than from virgin plastic and by using recycled polyethylene, companies can lower their costs and contribute to improve the environment. BCC Research provides objective, unbiased measurement and assessment of market opportunities with detailed market research reports. Plastic recovery and recycling technologies have enormous economic value. Below we have mentioned a few technical terms which we will be used multiple times in the report. The depletion of natural resources due to the intensive usage and dumping of plastics in the ocean are creating huge stress in the overall environment. In the building & construction industry, mixture of melted plastics and certain additives can be used to make roadways. During the pandemic, China's import restrictions on plastic waste, as well as supply chain disruptions and shortages of manufacturing feedstock, exposed fragility of plastic production and recycling infrastructure. Moreover, the presence of leading market players and their innovation in the industry in recent years are considered as the major drivers of the plastic recycling industry. The global market for plastic recycling should grow from $26.5 billion in 2020 to $34.4 billion by 2025 at a compound annual growth rate (CAGR) of 5.4% for the forecast period of 2020-2025. The Introductory section summarizes the studys goals and objectives, the reasons for doing the study and scopes. Researchers fromUniversity of Bath are working with Protomax, a plastic engineering technology company, to design shelters made with recyclable plastics called Storm Board. | Format: Electronic (PDF) | Publish Type: Publish | Number of Pages: 250, 14671 110 Avenue, Surrey, British Columbia,V3R2A9, Revenue in USD Billion and CAGR in % from 2022 to 2030. Ltd.), +1 628 258 0071(US) +44 2035 002 764(UK), Information And Communications Technology. Such factors have increased the plastic recycling market growth despite the widespread of COVID 19. They have since then worked together to drive the petrochemical complex activities. Such factors are augmenting the plastic recycling market growth. For instance, a recent report states that there are over 8 million tons of plastic waste in the water bodies that potentially affect the marine ecosystem. Competition from virgin plastics products and availability of alternative substitutes and difficulty in collection of raw materials are some key factors hampering growth of the global plastics recycling market. There is no established method or procedure in collecting the plastic waste from the manufacturing plants and production areas or sorting them according to the category of the plastics. The building & construction segment is expected to grow at a steady rate during the forecast period. Join our mailing list for the latest report releases and upcoming event notifications. Similarly, the increasing number of regulations imposed by the government and other organizations that surge the adoption of recycled products combined with the increased awareness and responsible public is further augmenting the plastic recycling market growth in recent years. What is the plastic recycling market growth driver? The global market for recycled plastics is expected to grow from $28.7 billion in 2022 to $37.3 billion by 2027 with a compound annual growth rate (CAGR) of 5.3% for the period of 2022-2027. Post-industrial plastics are not included. Mechanical recycling methods include those that involve physical modifications to the recovered plastic only, such as separation, grinding and classifying. Furthermore, 170 billion pounds of polypropylene plastic is produced every year and reclaimed for recycling and reuse. Negative impact of plastics disposal on environment, growing awareness regarding energy savings and government responses, and increasing use in packaging, automotive, and electrical & electronics industries are key factors rising demand for plastics recycling solutions, which in turn, is driving market revenue growth. The polypropylene segment is expected to register a steady growth rate during the forecast period. For instance, plastic innovation challenge by Department of Energy will accelerate innovations in the plastic industry and reduceplastic waste in oceans and landfills. All rights reserved. With the changes in the market trends, the growth of the plastic recycling industry is spurring up with a CAGR of 5.82% during the forecast period. Some major companies included in the global market report are: On 27 January 2022, Honeywell International Inc. headquartered in Charlotte, announced its intention to form a joint venture with Avangard Innovative to build an advanced recycling plant in Texas. WM Intellectual Property Holdings, L.L.C. Recycled polyethylene is advantageous to both environment and manufacturing facilities. Composite materials, such as paper and plastic foil, cannot be recycled unless they are separated and landfills and incineration are always used to discard these materials, which is also creating environmental pollution. Avangard Innovative will be the first company in the U.S. to use UpCycle Process Technology. North America plastic recycling market growth can spur due to high utility of PET. Global Plastic Bottle Recycling Market Research Report Forecast To 2030, Recyclable Packaging Market Research Report Global Forecast 2030, Electronic Waste Recycling Market Research ReportGlobal Forecast Till 2030, Plastic Waste Management Market Research Report Forecast To 2030, Plastic Recycling Market Can Attain An Outstanding Value Of Usd 36,336.9 Mn By 2028, 2022 Market Research Future(Part of WantStats Research And Media Pvt. The Company Profiles section lists relevant organizations and companies. The term feedstock recycling will be used to denote the process of decomposing plastics to a mix of organic chemicals, some used in the manufacture of plastics and some not. The reports generated by the governmental and non-governmental organizations reveal the status of the plastic waste available on the planet is propelling the growth of the plastic recycling industry. At what CAGR can the plastic recycling market expand? The global market for electric vehicle battery reuse and recycling is estimated to grow from $1.4 billion in 2021 to $8.4 billion by 2026, at a compound annual growth rate (CAGR) of 43.1% during the forecast period of 2021-2026. Bottles acquire a large share in the plastic market, are most recycled products, and used in various industries for making containers for medicines, carbonated drinks, shampoos, and others. Any secondary use or reuse of the material is assumed to have already taken place. The estimated growth rate is primarily driven by the excessive generation of plastic waste across the globe. The Asia Pacific market is expected to register a significantly rapid revenue growth rate owing to growing environmental concerns. Ice, Electric, Hybrid, Autonomous Vehicles, Revenue Forecast, Competitive Landscape, Growth Factors, and Trends, North America, Europe, Asia-Pacific, and Rest of the World (RoW), Asia Plastic Recycling Holding Limited, B & B Plastics Recycling Inc, B. Schoenberg & Co., CarbonLITE Industries LLC, Clear Path Recycling, Consolidated Container Company, GreenLine Polymers, Imerys SA, Indorama Ventures Public Company Limited, Jayplas, Joes Plastics Inc., Kuusakoski Group Oy, KW Plastics, , Montello S.p. Based on product type, the global plastics recycling market is segmented into polyethylene terephthalate, polyethylene, polystyrene, polyvinyl chloride, polypropylene, and others. Ltd., PET Recycling Company (PETCO), LyondellBasell, Geo-Tech Polymers, Phoenix Technologies International, LLC and MBA Polymers Inc. Coverage of history and current state of plastic recycling market, Insight into the government regulations and targets of the Plastic Recycling industry, Analyses of the company profiles of the industry. These shelters are low-cost, easy to construct, take less space, and will be in high demand in the future. It accounts for approximately 20% of the worlds plastics and is used to make trays, tubs, and pots for food applications. Furthermore, in Texas, 25% of recycled and recovered polymers could support 40 advanced recycling and recovery facilities, generating over USD 500 million in economic output each year. The growing population and industrialization across the globe combined with the exponential rise in the economic condition and the increasing industrial activities are generating enormous amounts of plastic waste and are contributing to the growth of the plastic recycling market growth. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at. One recycling technology machine is capable of processing 7,000 tons of plastics every year and can be effective to recycle plastic waste to some extent. The term chemical recycling will be used to describe the return to chemical units originally used to make resins. Products are covered separately, and they may be made from plastic from a combination of sources. These acquisitions of the leading market players and novel innovations in technology are driving the plastic recycling market growth. Such initiatives are expected to drive revenue growth of the market. The plastics recycling market in Europe accounted for second-largest revenue share in 2021 due to rising government initiatives to speed up innovation in recycling plastics materials. What is the estimated valuation for the plastic recycling market? Germany accounted for largest revenue share for plastic waste recycling in the regional market followed by Italy, Spain, the UK, and France. When possible, it offers a prediction regarding the probable growth rate over the next five years. There is a huge untapped potential in recycling polypropylene, which is widely used plastic across the globe. For example, on 02 November 2021, Honeywell launched UpCycle Process Technology, which expands different types of recyclable plastics and produces feedstock with a lower carbon footprint. This section covers topics such as the amount of plastic annually collected and recycled from these sources. Currently, the Asia-pacific region is dominating the plastic recycling industry since 2018. Need a custom data table, graph or complete report? Some reports generated in the European countries states that over 4.4 million tons of plastic waste are generated across the European countries, which are becoming landfills over the year. Seraphim Plastics (US), and Kuusakoski Group Oy (Finland), and MBA Polymers Inc. (US) are some reputed names in the plastic recycling market. The Appendix provides definitions of abbreviations and acronyms. Impact of COVID-19 on the Plastics Recycling Industry. The Summary and Highlights section provides a summary of estimates and forecasts of the global plastics recycling market for 2020-2027, and it highlights the largest and fastest-growing markets and important trends. The polyethylene segment revenue is projected to increase at a rapid growth rate during the forecast period, The bottle segment revenue is expected to register a rapid growth rate during the forecast period, The building and construction segment revenue is expected to increase at a steady rate during the forecast period, The North America market is expected to account for a robust revenue CAGR during the forecast period, Major Companies and Competitive Landscape, Product Type Outlook (Revenue, USD Billion; 20192030), Source Outlook (Revenue, USD Billion; 20192030), End-Use Outlook (Revenue, USD Billion; 20192030), Regional Outlook (Revenue, USD Billion; 20192030), Start typing & press "Enter" or "ESC" to close, Published Date: Jun 2022 |