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Plastic Recycling Market :Rise In Demand For Plastic Packaging To Drive Market

Key Highlights of Global Plastic Recycling Market

  • In a report published by Transparency Market Research, it is predicted that the global plastic recycling market would expand at a stellar pace of 6.8% over the period ranging from 2019 to 2027. Furthermore, the total value of the global plastic recycling market is expected to touch US$60 Bn by 2027, rising up from a value of US$34 Bn in 2018.
  • The global plastic recycling market is expanding at a sturdy pace in recent times, majorly due to the growing focus on environmental sustainability. Plastic recycling has become an obligation for all major industries that intend to retain their corporate value and social responsibility.
  • Statistics related to environmental pollution reveal abysmal figures about the amount of plastic that is discharged in the surrounding on a daily basis. This waste could originate from industrial, commercial, and residential units, and poses a severe threat to the environment. Henceforth, the global demand for plastic recycling is expected to rise at a rapid pace in the years to follow.

Key Drivers of Global Plastic Recycling Market

  • There is a strong uprising against the rising levels of plastic waste that are discharged in rivers, lakes, and other water bodies. Environmentalists are constantly trying to raise their voice in favor of the need for sustainable growth through management of plastic waste. Furthermore, these entities are collaborating with global welfare organizations in order to dispel fresh ideas related to plastic recycling.

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  • It is evident that the quest of key entities to manage plastic waste has gone global. The underdeveloped countries have also joined the movement for sustainable development and effective waste management. Thereby, the total volume of revenues in the global plastic recycling market is poised to increase by leaps and bounds.
  • Large amount of crude oil is used as raw material during to manufacture plastics. Around 8% of the oil produced in the world is utilized to manufacture plastic. However, recycling of plastics is economical and eco-friendly.

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  • Around 1000 kg of recycled plastic saves 685 gallons of oil, nearly 5800 kWh of electricity, and more than 30 cu. yard of landfill space. Furthermore, the price of recycled plastics is usually lower than that of its virgin counterpart. These factors are contributing to the plastic recycling market growth in the upcoming years.

Rise in Initiatives for plastic Waste Management to Boost the Plastic Recycling Market

  • Several countries have set examples of efficient waste management and recycling. The Scandinavian nations have led the movement for a waste-free future, and have succeeded in following pragmatic plastic recycling practices.
  • Therefore, the global plastic recycling market is set to become a chock-a-block of opportunities in the years to follow.

Read our Case study at :

https://www.transparencymarketresearch.com/casestudies/chemicals-and-materials-case-study

  • Promotion of green standards within manufacturing has played an integral role in the growth of the global plastic recycling market. Use of waste-free technologies in the industrial and residential sectors has created new opportunities for market growth and maturity.

Availability of Improved Technologies for Plastic Waste Management

  • The technological landscape is a densely knit fabric of possibilities, and there is tremendous scope for improvement therein. The development of nascent technologies for waste management and recycling has given a thrust to market growth.
  • Furthermore, research centers and academic institutes are offering fresh courses and programs that train individuals towards efficient plastic recycling. Therefore, the growth of the global plastic recycling market relies on improvements in the technological framework.

Europe to Show Promising Growth in the Plastic Recycling Market

  • Europe ranks among the highly active plastic recyclers in the world. The region focuses on recycling PET, which accounted for more than 14% of the total plastic recycling market in 2018. Germany is a major plastic recycler in the world with achieving plastic recycling rate of nearly 30%. The country has banned landfills since 2005.
  • Europe comprises over 1,000 plastic recyclers with more than 30,000 employees. The region exported more than 3.5 million tons of plastic scrap to Asia Pacific for disposal and recycling.
  • In terms of value and volume, the packaging segment accounted for a major share of the market, as several recycled plastics, especially rPET, are converted into bottles and strappings for packaging.

Fragmented Nature of Global Plastic Recycling Market

  • Some of the prominent vendors operating in the global plastic recycling market are Kuusakoski Oy, KW plastics, and Envisison Plastics.
  • The global plastic recycling market is largely fragmented, however amongst all Plasgran Ltd. remains the largest recycler. Most companies such as KW plastics only process the plastic scrap and supply them to the master batch producer or compounder.
  • The global plastic recycling market is largely fragmented, however amongst all Plasgran Ltd. remains the largest recycler. Most companies such as KW plastics only process the plastic scrap and supply them to the master batch producer or compounder
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Global Market Industry Analysis Industry Growth News

Polyethylene terephthalate (PET) material market holds the largest Plastic Recycling Market Size

Post COVID-19 Impact on Plastic Recycling Market

With the emergence of the COVID-19 crisis, the world is fighting a health pandemic as well as an economic emergency, almost impacting trillions of dollars of revenues.

Research Dive’ group of skilled analysts provide a solution to help the companies to survive and sustain in this economic crisis. We support companies to make informed decisions based on our findings resulting from the comprehensive study by our qualified team of experts.

Our study helps to acquire the following:

  • Long-term and short-term impact of Covid-19 on the market
  • Cascading impact of Covid-19 on Plastic Recycling Market, due to the impact on its extended ecosystem
  • Understanding the market behaviour Pre- and Post-COVID-19 pandemic
  • Strategy suggestions to overcome the negative impact or turn the positive impact into an opportunity

We’ll help you fight this crisis through our business intelligence solutions.

Connect with Our Analyst to Contextualize Our Insights for Your Business: https://www.researchdive.com/connect-to-analyst/173

Pre COVID-19 Analysis on Plastic Recycling Market

According to plastic recycling market analysisby Research Dive, the global marketforecast will be $32,640.0 million by the end of 2026, at a 6.5% CAGR, growing from $54,019.1 million in the end of 2018.

Polyethylene terephthalate (PET) material market holds the largest plastic recycling market size @ https://www.researchdive.com/purchase-enquiry/173

Porter’s Five Forces Analysis for Plastic Recycling Market:

  • Bargaining Powerof Suppliers:The plastic recycling market contains large number of large and small & medium dealers and rising demand for recycled plastics,and hence thebargaining power of suppliers is high

  • Bargaining Power of Consumers: Plastic recycling markethas high number of consumers coupled with stringent government rules related to the use of traditional plastic materials; the bargaining power of consumersis high

  • Threat of New Entrants:Plastic recycling markethas key players and difficulty in gathering raw plastic materials or plastic waste is impacting the manufacturing expenditure,whichisresulting in HIGH risk of new entrantsin the market.
  • Threat of Alternative: This market contains medium number of alternative systems.Moreover, affordability of traditional plastics is limiting the usage of recycled plastic products, and thereby there is MEDIUM risk of alternative.
  • Competitiveness in the Industry:Plastic recycling markethas huge number of key manufacturers. These manufacturers are focused on joint ventures, mergers, new product introductions and R&D activities to increasecompany position in the global industry. This aspect is delivering HIGH competitiveness in the market.

Chemical recycling process market accounted for significant market share in the year 2018 and is projected to reach up to $25,659.1 million till 2026 @ https://www.researchdive.com/download-sample/173

Plastic Recycling Market Segmentation by Material

  • Polyethylene Terephthalate (PET)
  • High-Density Polyethylene (HDPE)
  • Low-Density Polyethylene (LDPE)
  • Polypropylene (PP)
  • Others

Adverse environmental effect of plastic disposal is driving the growth of the market because, usage of conventional plastic materials causes marine and land pollution. Hence, government are taking initiatives to reduce the disposal of plastics into the environment, which is impacting the demand for plastics. This factor is projected to drive the market size.Moreover, growing utilization of recycled plastics in several industrial applications including in packaging of products, parts of electronics devices and interior parts in the automobiles is boosting the market size in the forecast period.

Get Access to Full Report (TOC, Figures, Chart, etc.) @ https://www.researchdive.com/173/plastic-recycling-market

Furthermore, constantly increasing R&D investments by manufacturers to produce ecofriendly and biodegradable plastics by using plastic waste is anticipated to provide ample growth opportunities in the global plastic recycling market. Also, increasing utilization of recycled plastic products for material production in the textile sector is estimated to impel the growth of the marketin the near future.

Nevertheless, lack of awareness about recycled plastics importance in the reduction of virgin plastics coupled with huge cost of the recycled products due to collection of plastic wastes is a difficult task; these factors are hampering the plastic recycling market growth. Moreover, setting up a bank of plastic waste or ban of raw plastics import from china is a challenging factor for the growth of the market.

Mechanical recycling process segment will experience a noticeable growth and is projected to hold a good share of the global market by the end of forecast time.  In mechanical recycling process,plastic wastes can be converted into raw constituents without alteringthe structure of plastics, minimizing the production cost. This aspect will drive the size of the market in the coming years. Plastic recycling market for chemical recycling process generated major revenue in the global market and is estimated to grow at a healthy CAGR of 5.4% during the forecast period.

Polyethylene terephthalate (PET) segment held a considerable size of the global plastic recycling market in 2018 and is estimated to be the most lucrative material type in the coming years. This growth is attributed to PET plastics beingwidely used in end use industries because of cost associated with the recycling processbeing low. Moreover, recycled PET plastics are not harmful for food & beverage packing, and there are lower CO2 emissions and other benefits; this factor is predicted to boost the size of the market in the upcoming years. Polypropylene (PP) segment registered for subsequent position in the global market after PET and is predicted to generate a revenue of $12,964.6 million by 2026. The growth in PP recycled plastic market is owing to the growing usage in packaging application due to its resistance to most oils and solvents and for electronic components manufacturing; these aspects are anticipated to impel the market growth in the forecast time.

North America plastic recycling market will witness to grow at a highest CAGR of 7.1% and is estimated to continue its trend throughout the forecast time. This growth in North America market is mainly owing to stringent regulations on virgin plastic usage and governments promoting the use of recycled plastics. In addition, major consumer goods suppliers including Coca-Cola, Walmart, Campbell and other suppliers have replaced conventional plastics with recycled products; this aspect favors the growth of the market in the upcoming years.

Asia-Pacific plastic recycling market dominated the overall industry and is projected to grow at a moderate CAGR 5.8% during the forecast time period. This dominance attributed to Asia-Pacific is the major hub for plastic recycling process due to cheap labor costs and presence of large consumer base. In addition, promising government guidelines to encourage recycled plastic is also estimated to propel the market growth in this region.

Key Players

  • REPLAS
  • Clear Path Recycling
  • Reprocessed Plastic, Inc.
  • PLASgran Ltd
  • CarbonLITE Industries
  • Luxus Ltd
  • KW Plastic, Inc.
  • Envision Plastic Industries LLC
  • B.SCHOENBERG & CO., INC.
  • Advanced Environmental Recycling Technologies, Inc.
  • Wellman Advanced Materials
  • Custom Polymers
  • wTe Corporation
  • Kuusakoski

About Us:
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.

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Categories
News

Plastic Recycling Market Trend Shows A Rapid Growth by 2027: Clear Path Recycling, LLC, CUSTOM POLYMERS, Green Line Polymers

The report offers key drivers that propel the growth in the global Plastic Recycling Market. These insights help market players in devising strategies to gain market presence. The research also outlined the restraints of the market. Insights on opportunities are mentioned to assist market players in taking further steps by determining the potential in untapped regions.

Request a Sample Copy of the Research Report: https://www.theinsightpartners.com/sample/TIPRE00003690/

Note – The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘Plastic Recycling Market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2027, factoring the impact of Covid -19 Situation.

Plastic recycling is the process of recovering and reprocessing plastic waste into some useful products. A large amount of plastic usage and harmful impact of plastic waste on the environment have led to the necessity of the plastic recycling processes. Recycled plastics are used in wide ranges of goods including plastic bottles, carry bags, office accessories and drainage pipes, among others. Recycled plastic also finds broad applicability in various end-use industries including textiles, packaging and automotive.

Key vendors engaged in the Plastic recycling market and covered in this report:

  • Clear Path Recycling, LLC
  • CUSTOM POLYMERS
  • Green Line Polymers
  • Imerys
  • J&A Young (Leicester) Ltd.
  • MBA Polymers Inc.
  • PLASgran Ltd.
  • Plastipak Holdings, Inc.
  • ULTRA-POLY
  • Veolia Group

Avail discount on this report @ https://www.theinsightpartners.com/discount/TIPRE00003690/

The plastic recycling market is anticipated to grow in the forecast period owing to driving factors such as the negative impact of plastics disposal on the environment and growing awareness regarding energy savings. Further, increased use of recycled plastics in packaging, electrical & electronics and automotive industries significantly contribute to the plastic recycling market growth. However, the plastic recycling market is facing stringent completion from virgin plastics market, thereby, hampering the market growth. On the other hand, favorable policies promoting recycled plastics in developed countries and increased use of such plastics in the textile industry in the developing countries represent significant growth opportunities for the market players during the forecast period.

Research Report Highlights:

  • Market Dynamics
  • Market Scope
  • Market Trends And Outlook
  • Key Opportunities
  • Competitive Landscape
  • Value Chain Analysis
  • Regional Framework

The global plastic recycling market is segmented on the basis of source, type and end use industry. Based on source, the market is segmented as bottles, films, fibers, foams and others. On the basis of type, the market is segmented as polyethylene terephthalate, polyethylene, polypropylene, polyvinyl chloride, polystyrene and others. The market on the basis of the end use industry is classified as packaging, building and construction, textile, automotive, electrical & electronics and others.

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The research provides answers to the following key questions:

What is the estimated growth rate of the market for the forecast period 2020-2027? What will be the market size during the estimated period?

What are the key driving forces responsible for shaping the fate of the Plastic recycling market during the forecast period?

Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Plastic recycling market?

What are the prominent market trends influencing the development of the Plastic recycling market across different regions?

What are the major threats and challenges likely to act as a barrier in the growth of the Plastic recycling market?

What are the major opportunities the market leaders can rely on to gain success and profitability?

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Market Report News

Plastic Recycling Market Size, Global Industry Share, Growth Opportunities and Forecast to 2026

Plastic Recycling Market report published by Value Market Research is an in-depth analysis of the market covering its size, share, value, growth and current trends for the period of 2019-2026 based on the historical data. This research report delivers recent developments of major players with their respective market share. In addition, it also delivers detailed analysis of regional and country market.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Plastic Recycling market include MBA Polymers Inc., Joe’s Plastics Inc., RJM International Inc., Ultra Poly Corporation, Asia Plastic Recycling Holding Limited. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

Get more information on “Global Plastic Recycling Market Research Report” by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/plastic-recycling-market/download-sample

Market Dynamics

Growing plastic pollution is driving the growth of the market. The market demand is prompted by sustainability determinations, regulations, demand, and price. Plastic recycling is determined by two important factors: the global market and government. The market fluctuations are greatly influenced by government regulation. To keep up with the evolving domestic market landscape, recycling processor is charting the processing capacity growth.Geographically, Asia Pacific is seen to have a strong growth ahead provided by growing awareness and positive economic health.  However, the high cost of the recycling process and associated technical issues are hindering the growth market.

The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.

Additionally, these tools also give inclusive assessment of each application/product segment in the global market of Plastic Recycling.

Browse Global Plastic Recycling Market Research Report with detailed TOC at https://www.valuemarketresearch.com/report/plastic-recycling-market

Market Segmentation

The entire Plastic Recycling market has been sub-categorized into material, application, and source. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.

By Material

  • Polyethylene Terephthalate (PET)
  • High-Density Polyethylene (HDPE)
  • Low-Density Polyethylene (LDPE)
  • Polypropylene (PP)
  • Others

By Source

  • Bottles
  • Films
  • Fibers
  • Foams
  • Others

By Application

  • Packaging
  • Construction
  • Textile
  • Automotive
  • Others

Regional Analysis

This section covers regional segmentation which accentuates on current and future demand for Plastic Recycling market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.

Purchase Complete Global Plastic Recycling Market Research Report at https://www.valuemarketresearch.com/contact/plastic-recycling-market/buy-now

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We facilitate clients with syndicate research reports and customized research reports on 25+ industries with global as well as regional coverage.

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Industry Analysis Industry Growth Industry Trends Market Forecast Market Outlook

Plastic Recycling Market Update – Increasing Investment Is Expected To Boost Market Growth in 2026

Post COVID-19 Impact on Plastic Recycling Market –

With the emergence of the COVID-19 crisis, the world is fighting a health pandemic as well as an economic emergency, almost impacting trillions of dollars of revenues. Research Dive’ group of skilled analysts provide a solution to help the companies to survive and sustain in this economic crisis. We support companies to make informed decisions based on our findings resulting from the comprehensive study by our qualified team of experts.

Our study helps to acquire the following:
• Long-term and short-term impact of Covid-19 on the market
• Cascading impact of Covid-19 on Plastic Recycling Market, due to the impact on its extended ecosystem
• Understanding the market behavior Pre- and Post-COVID-19 pandemic
• Strategy suggestions to overcome the negative impact or turn the positive impact into an opportunity
• We’ll help you fight this crisis through our business intelligence solutions.

Connect with Analyst to Reveal How COVID-19 Impacting On Plastic Recycling Market: https://www.researchdive.com/connect-to-analyst/173

Pre COVID-19 Analysis of Plastic Recycling Market –

According to plastic recycling market analysis by Research Dive, the global market forecast will be $32,640.0 million by the end of 2026, at a 6.5% CAGR, growing from $54,019.1 million in the end of 2018.

Adverse environmental effect of plastic disposal is driving the growth of the market because, usage of conventional plastic materials causes marine and land pollution. Hence, government are taking initiatives to reduce the disposal of plastics into the environment, which is impacting the demand for plastics. This factor is projected to drive the market size.Moreover, growing utilization of recycled plastics in several industrial applications including in packaging of products, parts of electronics devices and interior parts in the automobiles is boosting the market size in the forecast period.

Furthermore, constantly increasing R&D investments by manufacturers to produce eco-friendly and biodegradable plastics by using plastic waste is anticipated to provide ample growth opportunities in the global plastic recycling market. Also, increasing utilization of recycled plastic products for material production in the textile sector is estimated to impel the growth of the market in the near future.

For More Detail Insights, Download Sample Copy of the Report at: https://www.researchdive.com/download-sample/173

Nevertheless, lack of awareness about recycled plastics importance in the reduction of virgin plastics coupled with huge cost of the recycled products due to collection of plastic wastes is a difficult task; these factors are hampering the plastic recycling market growth. Moreover, setting up a bank of plastic waste or ban of raw plastics import from china is a challenging factor for the growth of the market.

Covid-19 Impact on Revenue by Region

Mechanical recycling process segment will experience a noticeable growth and is projected to hold a good share of the global market by the end of forecast time. In mechanical recycling process,plastic wastes can be converted into raw constituents without altering the structure of plastics, minimizing the production cost. This aspect will drive the size of the market in the coming years. Plastic recycling market for chemical recycling process generated major revenue in the global market and is estimated to grow at a healthy CAGR of 5.4% during the forecast period.

Polyethylene terephthalate (PET) segment held a considerable size of the global plastic recycling market in 2018 and is estimated to be the most lucrative material type in the coming years. This growth is attributed to PET plastics being widely used in end use industries because of cost associated with the recycling process being low. Moreover, recycled PET plastics are not harmful for food & beverage packing, and there are lower CO2 emissions and other benefits; this factor is predicted to boost the size of the market in the upcoming years. Polypropylene (PP) segment registered for subsequent position in the global market after PET and is predicted to generate a revenue of $12,964.6 million by 2026. The growth in PP recycled plastic market is owing to the growing usage in packaging application due to its resistance to most oils and solvents and for electronic components manufacturing; these aspects are anticipated to impel the market growth in the forecast time.

North America plastic recycling market will witness to grow at a highest CAGR of 7.1% and is estimated to continue its trend throughout the forecast time. This growth in North America market is mainly owing to stringent regulations on virgin plastic usage and governments promoting the use of recycled plastics. In addition, major consumer goods suppliers including Coca-Cola, Walmart, Campbell and other suppliers have replaced conventional plastics with recycled products; this aspect favors the growth of the market in the upcoming years.

Asia-Pacific plastic recycling market dominated the overall industry and is projected to grow at a moderate CAGR 5.8% during the forecast time period. This dominance attributed to Asia-Pacific is the major hub for plastic recycling process due to cheap labor costs and presence of large consumer base. In addition, promising government guidelines to encourage recycled plastic is also estimated to propel the market growth in this region.

View out Trending Reports with the Impact of COVID-19: https://www.researchdive.com/covid-19-insights

REPLAS, Reprocessed Plastic, Inc., Clear Path Recycling, PLASgran Ltd, Luxus Ltd, CarbonLITE Industries, KW Plastic, Inc., B.SCHOENBERG & CO., INC., Envision Plastic Industries LLC, Advanced Environmental Recycling Technologies, Inc., Custom Polymers, Wellman Advanced Materials, wTe Corporation, Kuusakoski are some of key plastic recycling market players. These participants are implementing organic growth strategies to increase product output, speed of production and efficiency to gain competitive edge in the global plastic recycling industry.

Porter’s Five Forces Analysis for Plastic Recycling Market:

• Bargaining Power of Suppliers: The plastic recycling market contains large number of large and small & medium dealers and rising demand for recycled plastics,and hence the bargaining power of suppliers is HIGH.

• Bargaining Power of Consumers: Plastic recycling market has high number of consumers coupled with stringent government rules related to the use of traditional plastic materials; the bargaining power of consumers is HIGH.

• Threat of New Entrants: Plastic recycling market has key players and difficulty in gathering raw plastic materials or plastic waste is impacting the manufacturing expenditure, which is resulting in HIGH risk of new entrants in the market.

• Threat of Alternative: This market contains medium number of alternative systems.Moreover, affordability of traditional plastics is limiting the usage of recycled plastic products, and thereby there is MEDIUM risk of alternative.

• Competitiveness in the Industry: Plastic recycling market has huge number of key manufacturers. These manufacturers are focused on joint ventures, mergers, new product introductions and R&D activities to increase company position in the global industry. This aspect is delivering HIGH competitiveness in the market.

Contact Us:

Mr. Abhishek Paliwal
Research Dive
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Categories
Global Market Industry Analysis Industry Growth Market Report News

Plastic Recycling MARKET: CURRENT COVID-19 IMPACT AND FUTURE MARKET LANDSCAPE ANALYSIS 2026

Post COVID-19 Impact on Plastic Recycling Market

With the emergence of the COVID-19 crisis, the world is fighting a health pandemic as well as an economic emergency, almost impacting trillions of dollars of revenues.

Research Dive’ group of skilled analysts provide a solution to help the companies to survive and sustain in this economic crisis. We support companies to make informed decisions based on our findings resulting from the comprehensive study by our qualified team of experts.

Our study helps to acquire the following:

  • Long-term and short-term impact of Covid-19 on the market
  • Cascading impact of Covid-19 on Plastic Recycling Market, due to the impact on its extended ecosystem
  • Understanding the market behaviour Pre- and Post-COVID-19 pandemic
  • Strategy suggestions to overcome the negative impact or turn the positive impact into an opportunity

We’ll help you fight this crisis through our business intelligence solutions.

Connect with Our Analyst to Contextualize Our Insights for Your Business: https://www.researchdive.com/connect-to-analyst/173

Pre COVID-19 Analysis on Plastic Recycling Market

According to plastic recycling market analysisby Research Dive, the global marketforecast will be $32,640.0 million by the end of 2026, at a 6.5% CAGR, growing from $54,019.1 million in the end of 2018.

Polyethylene terephthalate (PET) material market holds the largest plastic recycling market size @ https://www.researchdive.com/purchase-enquiry/173

Porter’s Five Forces Analysis for Plastic Recycling Market:

  • Bargaining Powerof Suppliers:The plastic recycling market contains large number of large and small & medium dealers and rising demand for recycled plastics,and hence thebargaining power of suppliers is HIGH

  • Bargaining Power of Consumers: Plastic recycling markethas high number of consumers coupled with stringent government rules related to the use of traditional plastic materials; the bargaining power of consumersis HIGH

  • Threat of New Entrants:Plastic recycling markethas key players and difficulty in gathering raw plastic materials or plastic waste is impacting the manufacturing expenditure,whichisresulting in HIGH risk of new entrantsin the market.
  • Threat of Alternative: This market contains medium number of alternative systems.Moreover, affordability of traditional plastics is limiting the usage of recycled plastic products, and thereby there is MEDIUM risk of alternative.
  • Competitiveness in the Industry:Plastic recycling markethas huge number of key manufacturers. These manufacturers are focused on joint ventures, mergers, new product introductions and R&D activities to increasecompany position in the global industry. This aspect is delivering HIGH competitiveness in the market.

Chemical recycling process market accounted for significant market share in the year 2018 and is projected to reach up to $25,659.1 million till 2026 @ https://www.researchdive.com/download-sample/173

Plastic Recycling Market Segmentation by Material

  • Polyethylene Terephthalate (PET)
  • High-Density Polyethylene (HDPE)
  • Low-Density Polyethylene (LDPE)
  • Polypropylene (PP)
  • Others

Adverse environmental effect of plastic disposal is driving the growth of the market because, usage of conventional plastic materials causes marine and land pollution. Hence, government are taking initiatives to reduce the disposal of plastics into the environment, which is impacting the demand for plastics. This factor is projected to drive the market size.Moreover, growing utilization of recycled plastics in several industrial applications including in packaging of products, parts of electronics devices and interior parts in the automobiles is boosting the market size in the forecast period.

Get Access to Full Report (TOC, Figures, Chart, etc.) @ https://www.researchdive.com/173/plastic-recycling-market

Furthermore, constantly increasing R&D investments by manufacturers to produce ecofriendly and biodegradable plastics by using plastic waste is anticipated to provide ample growth opportunities in the global plastic recycling market. Also, increasing utilization of recycled plastic products for material production in the textile sector is estimated to impel the growth of the marketin the near future.

Nevertheless, lack of awareness about recycled plastics importance in the reduction of virgin plastics coupled with huge cost of the recycled products due to collection of plastic wastes is a difficult task; these factors are hampering the plastic recycling market growth. Moreover, setting up a bank of plastic waste or ban of raw plastics import from china is a challenging factor for the growth of the market.

Mechanical recycling process segment will experience a noticeable growth and is projected to hold a good share of the global market by the end of forecast time.  In mechanical recycling process,plastic wastes can be converted into raw constituents without alteringthe structure of plastics, minimizing the production cost. This aspect will drive the size of the market in the coming years. Plastic recycling market for chemical recycling process generated major revenue in the global market and is estimated to grow at a healthy CAGR of 5.4% during the forecast period.

Polyethylene terephthalate (PET) segment held a considerable size of the global plastic recycling market in 2018 and is estimated to be the most lucrative material type in the coming years. This growth is attributed to PET plastics beingwidely used in end use industries because of cost associated with the recycling processbeing low. Moreover, recycled PET plastics are not harmful for food & beverage packing, and there are lower CO2 emissions and other benefits; this factor is predicted to boost the size of the market in the upcoming years. Polypropylene (PP) segment registered for subsequent position in the global market after PET and is predicted to generate a revenue of $12,964.6 million by 2026. The growth in PP recycled plastic market is owing to the growing usage in packaging application due to its resistance to most oils and solvents and for electronic components manufacturing; these aspects are anticipated to impel the market growth in the forecast time.

North America plastic recycling market will witness to grow at a highest CAGR of 7.1% and is estimated to continue its trend throughout the forecast time. This growth in North America market is mainly owing to stringent regulations on virgin plastic usage and governments promoting the use of recycled plastics. In addition, major consumer goods suppliers including Coca-Cola, Walmart, Campbell and other suppliers have replaced conventional plastics with recycled products; this aspect favors the growth of the market in the upcoming years.

Asia-Pacific plastic recycling market dominated the overall industry and is projected to grow at a moderate CAGR 5.8% during the forecast time period. This dominance attributed to Asia-Pacific is the major hub for plastic recycling process due to cheap labor costs and presence of large consumer base. In addition, promising government guidelines to encourage recycled plastic is also estimated to propel the market growth in this region.

Key Players

  • REPLAS
  • Clear Path Recycling
  • Reprocessed Plastic, Inc.
  • PLASgran Ltd
  • CarbonLITE Industries
  • Luxus Ltd
  • KW Plastic, Inc.
  • Envision Plastic Industries LLC
  • B.SCHOENBERG & CO., INC.
  • Advanced Environmental Recycling Technologies, Inc.
  • Wellman Advanced Materials
  • Custom Polymers
  • wTe Corporation
  • Kuusakoski

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Categories
News

The Economic Impact of Coronavirus on Plastic Recycling Market is Thriving Worldwide with Top Growing Companies (2020-2026)

Detailed Study on the Global Plastic Recycling Market

A recent market study throws light on some of the leading factors that are likely to influence the growth of the Plastic Recycling market in the upcoming decade. The well-researched market study touches upon the growth potential of various budding market players in the current Plastic Recycling market landscape. Moreover, established players, stakeholders, and investors can leverage the data in the report to formulate effective growth strategies.

As per the report, the Plastic Recycling market is forecasted to reach a value of ~US$XX by the end of 2029 and grow at a CAGR of ~XX% through the forecast period (2019-2029). The key dynamics of the Plastic Recycling market including the drivers, restraints, opportunities, and trends are thoroughly analyzed in the presented report.

Get Free Sample PDF (including COVID19 Impact Analysis, full TOC, Tables and Figures) of Market Report @ https://www.marketresearchhub.com/enquiry.php?type=S&repid=2641686&source=atm

The Research Aims to Addresses the Following Doubts Pertaining to the Plastic Recycling Market

  1. Which end-user is likely to play a crucial role in the development of the Plastic Recycling market?
  2. Which regional market is expected to dominate the Plastic Recycling market in 2019?
  3. How are consumer trends impacting the operations of market players in the current scenario of the Plastic Recycling market?
  4. Why are market players eyeing opportunities in region 1?
  5. What are the growth prospects of the Plastic Recycling market in region 1 and region 2?

The report on the Plastic Recycling market provides a bird’s eye view of the current proceeding within the Plastic Recycling market. Further, the report also takes into account the impact of the novel COVID-19 pandemic on the Plastic Recycling market and offers a clear assessment of the projected market fluctuations during the forecast period. The different factors that are likely to impact the overall dynamics of the Plastic Recycling market over the forecast period (2019-2029) including the current trends, growth opportunities, restraining factors, and more are discussed in detail in the market study.

Do You Have Any Query Or Specific Requirement? Ask to Our Industry [email protected] https://www.marketresearchhub.com/enquiry.php?type=E&repid=2641686&source=atm 

Plastic Recycling Market Segmentation

Competitive Landscape

The competitive landscape section of the report elaborates on the recent developments and innovations introduced by prominent players in the Plastic Recycling market. The growth potential, revenue growth, product range, and pricing strategies of each market player in inspected in the report with precision.

End-use Industry Assessment

The report segments the Plastic Recycling market on the basis of end-use industry and offers a detailed understanding of the supply-demand ratio and consumption pattern of the Plastic Recycling in each end-use industry.

Competition Analysis
In the competitive analysis section of the report, leading as well as prominent players of the global Plastic Recycling market are broadly studied on the basis of key factors. The report offers comprehensive analysis and accurate statistics on sales by the player for the period 2015-2020. It also offers detailed analysis supported by reliable statistics on price and revenue (global level) by player for the period 2015-2020.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Plastic Recycling market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Plastic Recycling market.
The following manufacturers are covered in this report:
Clear Path Recycling
Clean Tech Incorporated
Mohawk Industries Incorporated
CarbonLite Industries
Envision Plastics Industries
Advanced Environmental Recycling
Evergreen Plastics
PolyQuest
Phoenix Technologies
Verdeco Recycling
Custom Polymers
KW Plastics
Plastic Recycling Breakdown Data by Type
PET
PP
HDPE
LDPE
Others
Plastic Recycling Breakdown Data by Application
Packaging & Consumer Goods
Construction
Textile fiber / clothing
Landscaping/Street furniture
Other Uses

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Essential Findings of the Plastic Recycling Market Report:

  • Ongoing and pipeline R&D projects in the Plastic Recycling market sphere
  • Marketing and promotional strategies adopted by tier-1 companies in the Plastic Recycling market
  • Current and future prospects of the Plastic Recycling market in various regional markets
  • Y-o-Y growth of the different segments and sub-segments in the Plastic Recycling market
  • The domestic and international presence of leading market players in the Plastic Recycling market

 

Categories
Industry Analysis

Global Plastic Recycling Market Analysis 2020 with COVID-19 | Growth, Trend, Competitive Strategies and Forecast 2025

A recent market intelligence study titled Global Plastic Recycling Market Report 2020, Forecast to 2025 integrated from various professional and trusted sources provide valuable insights concerning the market size, share, and growth rate of the market. The report offers significant knowledge about market players, segments, revenue, profit, restrain, share, size, etc. Market analysis is done on the basis of quality content assurance and from a highly educated and experienced analyst. The report gives a greater chance of success for all business owners, products, and new technology. While providing and collecting information for the report, many of the circumstances have been taken into consideration to get the best at high-quality data and particular knowledge of the market in upcoming years (forecast) from 2020 to 2025.

Get Free Sample Report: https://www.magnifierresearch.com/report-detail/38279/request-sample 

NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

The Report Encapsulates Following Particulars:

Global Plastic Recycling market report then includes top companies in the market along with their company profile, growth aspects, opportunities, and threats to market development. This report presents the industry analysis for the forecast timescale. An up-to-date industry detail related to industry events, import/export scenario, market share is covered in this report. Also, the fundamental opinions regarding the market landscape, emerging and high-growth sections of the market, high-growth regions, and market drivers, restraints, and also market chances have collectively included in the report. The research targets estimating the current market size and growth potential of the global Plastic Recycling market across sections such as also application and representatives.

Operating and emerging players in the market: GENIUS MACHINERY, Polystar Machinery, Vecoplan, KOWIN, Munchy, Doll Plast, B+B Anlagenbau, Matila, BENK Machine, NGR, Atlas, Mooge Machinery, Jordan Reduction Solutions, SASCO, Sortdek

The report offers a comprehensive understanding of market dynamics across key regions, namely North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). These regions have been analyzed based on market research results across major countries in these regions for a macro-level understanding of the global Plastic Recycling market.

Moreover, other important contents analyzed and discussed in the report include market situation, current & future development trends of the global Plastic Recycling market, market segments, business development, and consumption tendencies. The report also analyzes key emerging trends and their impact on present and future development.

Access Full Report: https://www.magnifierresearch.com/report/global-plastic-recycling-market-report-2020-forecast-to-38279.html 

Following Pointers Are Explained:

  • Global major manufacturers’ operating situation (sales, revenue, growth rate, and gross margin) of global Plastic Recycling industry
  • Global major countries
  • Different types and applications of industry, market share of each type and application by revenue
  • Global market size (sales, revenue) forecast by regions and countries from 2020 to 2025 of industry
  • Upstream raw materials and manufacturing equipment, downstream major consumers, and industry chain analysis of the industry.
  • Key drivers influencing market growth, opportunities, the challenges, and the analysis of the risks of the industry.
  • New project investment feasibility analysis of the global Plastic Recycling industry.

Customization of the Report:
This report can be customized to meet the client’s requirements. Please connect with our sales team ([email protected]), who will ensure that you get a report that suits your needs. You can also get in touch with our executives on +1-201-465-4211 to share your research requirements.

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Categories
News

Plastic Recycling Market Growth, Restrain Factors Analysis 2020-2026

The global Plastic Recycling Market, which is extensively assessed in the report contemplates the best need development angles and how they could affect the market over the figure residency under thought. The experts have taken careful endeavors to thoroughly evaluating every development factor of the Plastic Recycling market, other than indicating how certain market restrictions could represent a danger to players in the coming years. In addition, the report additionally gives data on top patterns and openings and how players could take advantage of them to take up the difficulties in the market. Some of the key players profiled in the study are Kuusakoski, B&B Plastics Inc., CarbonLite Industries LLC, Custom Polymers Inc., Dart Container Corporation, Fresh-Pak Corp, Novolex, KW Plastics, MBA Polymers UK Ltd., PLASgran Ltd., Plastipak Holdings, Inc., WM Recycle America LLC, and Wellpine Plastic.

For Better Understanding, Download FREE Sample Copy of Plastic Recycling Market Report in Just One Single Step @ https://www.researchmoz.us/enquiry.php?type=S&repid=979330

Key Issues Addressed by Plastic Recycling Market: The Plastic Recycling report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.

Key Businesses Segmentation of Plastic Recycling Market:

On the basis of type/product, this report displays the sales volume, revenue (Million USD), product price, market share and growth rate of each type, primarily split into-

  • Polyethylene Terephthalate [PET]
  • Polypropylene [PP]
  • High Density Polyethylene [HDPE]
  • Low Density Polyethylene [LDPE]
  • Polystyrene [PS]
  • Polyvinyl Chloride [PVC]
  • Others (ABS, Nylon, Polycarbonate, etc.)

On the basis of the applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate of Plastic Recycling for each application, including-

  • Packaging
    • Food Contact
    • Non-food Contact
  • Automotive
  • Construction
  • Textiles
  • Others (Industrial, Consumer Goods, etc.)

Plastic Recycling Market Regional Analysis Includes:

⇛ Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
⇛ Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
⇛ North America (the United States, Mexico, and Canada.)
⇛ South America (Brazil etc.)
⇛ The Middle East and Africa (GCC Countries and Egypt.)

Key Insights that Study is going to provide:

The 360-degree Plastic Recycling overview based on a global and regional level
Market Share & Sales Revenue by Key Players & Emerging Regional Players
Competitors – In this section, various Plastic Recycling industry leading players are studied with respect to their company profile, product portfolio, capacity, price, cost, and revenue.
A separate chapter on Plastic Recycling market Entropy to gain insights on Leaders aggressiveness towards market [Merger & Acquisition / Recent Investment and Key Developments]
Patent Analysis** No of patents / Trademark filed in recent years.

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Table of Content:

Global Plastic Recycling Market Size, Status and Forecast 2026
1. Report Overview
2. Market Analysis by Types
3. Product Application Market
4. Manufacturers Profiles/Analysis
5. Market Performance for Manufacturers
6. Regions Market Performance for Manufacturers
7. Global Plastic Recycling Market Performance (Sales Point)
8. Development Trend for Regions (Sales Point)
9. Upstream Source, Technology and Cost
10. Channel Analysis
11. Consumer Analysis
12. Market Forecast 2020-2026
13. Conclusion

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