Recycled Plastic

Recycled Plastic Market Predicted to Reach US$ 77 billion by 2030 The global recycled plastic market was valued at US$ 48.2 billion in 2020.

Share This Article

As per the experts, the recycled plastic market is predicted to record a growth rate of 4.8% from 2021-2030 and is projected to reach US$ 77 billion by 2030. The study provides the overall revenue of the global recycled plastic market from 2017 to 2030, considering 2020 as the base year and 2030 as the forecast year.

The rising awareness regarding the deteriorating environment health and rising government initiative to curb the use of plastics in order to reduce landfills and plastic waste accumulation is significantly driving the growth of the global recycled plastic market across the globe.

Further, the rapid growth of the e-commerce platforms across the globe has boosted the use of recycled plastic for use in the packaging of products. The construction industry uses recycled plastic to produce fence, windows, insulation, and various other products. Therefore, rapidly growing building and construction industry in the developing markets is expected to contribute significantly towards the growth of the global recycled plastic market in the upcoming years. Recycled plastic has wider variety of usage across various industries. It is used to manufacture footwear, bottles, medical devices, cartons, and many more products. The rising application of recycled plastic across various end-use industries is driving the global recycled plastic market.

The global recycled plastic market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the recycled plastic industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

We customize your report according to your research need. REQUEST SAMPLE OR CUSTOMIZED COPY OF THIS REPORT (Including TOC, List of Tables & Figures, and Chart) @ https://www.precedenceresearch.com/customization/1333

Crucial factors accountable for market growth are:

  • Increasing government initiatives to adopt the use of recycled plastic
  • Rising investments on plastic recycling
  • Rising demand from the various industries
  • Rapidly growing e-commerce industry
  • Rapidly growing construction industry
  • Increasing demand from the automotive industry

Report Highlights

  • Based on the source, plastic bottle segment dominated the market in 2020. This is due to the excess volume of wastes generated from the plastic bottles. These plastic bottles are extensively used in the production of recycled plastic to be used in various industries.
  • Based on the product, polypropylene is estimated to be the most opportunistic segment during the forecast period. Polypropylene is widely used across various industries for packaging, labelling, automotive components, medical devices, and various other products. The rapidly growing e-commerce and construction industry is expected to boost the growth of the segment during the forecast period.
  • Based on the application, packaging segment dominated the market in 2020. This is attributed to the extensive usage of recycled plastic in the packaging of consumer goods, food and beverages, electronic, and various other products. Moreover, the huge volume of sales in the e-commerce industry is boosting the consumption of recycled plastic for the packaging of goods.The rising popularity of purchasing electronics such as laptops, Mobile phones, and tablets through e-commerce has exponentially fostered the demand for the recycled plastic as a packaging material across the globe.

Report Scope of the Recycled Plastic Market

Report Coverage Details
Market Size in 2020 USD 48.2 billion
The growth rate from 2021 to 2030 CAGR of 4.8%
Base Year 2021
Largest Market Asia Pacific
Companies Mentioned REMONDIS SE & Co. KG, Shell International B.V., Biffa, Waste Connections, CLEAN HARBORS, INC., Covestro AG, Republic Services, Inc., WM Intellectual Property Holdings, L.L.C., Stericycle, Veolia

Regional Snapshots

Asia Pacific is the largest and the fastest growing market for the recycled plastic. Asia Pacific is characterized by huge population, availability of cheap labor, industry-friendly government policies, rising disposable income of the consumers, and rising urbanization and industrialization. All these factors makes this region a lucrative market for the various industry players. The growth of various industries in this region is a significant factor propelling the growth of the recycled plastic market. Industries such as automotive, footwear, construction, and packaging are extensively using recycled plastic for various applications that is expected to drive the growth of the market in this region. Further, rising government initiative and policies to attract FDIs and foster industrial development in this region is a key factor that boosted the usage of recycled plastic in Asia Pacific.

The Europe is the second largest market. The growing demand for the electric vehicles in Europe and North America is expected to boost the growth of the automotive industry, which in turn would foster the growth of the global recycled plastic market.

Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the global recycled plastic market are as follows:

  • REMONDIS SE & Co. KG
  • Shell International B.V.
  • Waste Connections
  • CLEAN HARBORS, INC.
  • Covestro AG
  • Biffa
  • Stericycle
  • Republic Services, Inc.
  • WM Intellectual Property Holdings, L.L.C.
  • Veolia

Segments Covered in the Report

By Source

  • Plastic Bottles
  • Plastic Films
  • Polymer Foam
  • Others

By Product

  • Polyethylene
  • Polyethylene Terephthalate
  • Polypropylene
  • Polyvinyl Chloride
  • Polystyrene
  • Others

By Application

  • Packaging
  • Building & Construction
  • Textiles
  • Electronics
  • Automotive
  • Others

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Rest of the World

Some of the key highlights of the report are:

  • Market Demand Outlook – The report offers refined forecasts on potential growth prospects for the market. Based on data derived after thorough research by a team of expert analysis, Precedence Research presents the most precise rate of growth for the market for the assessment period starting from 2021 – 2030.
  • Supply Chain Analysis – The purpose of the survey is to help companies identify potential scope for supply chain expansion. The study also presents analysis of unprecedented threats.
  • Competitive Landscape Analysis – Some of the leading companies operating in the recycled plastic market are profiled in the market study. The report also underscores winning strategies adopted over the last few years and gauges impact of the same on growth trajectory exhibited by the market over the last few years.

Why should you invest in this report?

If you are aiming to enter the global recycled plastic market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for recycled plastic are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Recycled Plastic Market 

5.1. COVID-19 Landscape: Recycled Plastic Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Recycled Plastic Market, By Product

8.1. Recycled Plastic Market, by Product Type, 2021-2030

8.1.1. Polyethylene

8.1.1.1. Market Revenue and Forecast (2019-2030)

8.1.2. Polyethylene Terephthalate

8.1.2.1. Market Revenue and Forecast (2019-2030)

8.1.3. Polypropylene

8.1.3.1. Market Revenue and Forecast (2019-2030)

8.1.4. Polyvinyl Chloride

8.1.4.1. Market Revenue and Forecast (2019-2030)

8.1.5. Polystyrene

8.1.5.1. Market Revenue and Forecast (2019-2030)

8.1.6. Others

8.1.6.1. Market Revenue and Forecast (2019-2030)

Chapter 9. Global Recycled Plastic Market, By Application

9.1. Recycled Plastic Market, by Application, 2021-2030

9.1.1. Packaging

9.1.1.1. Market Revenue and Forecast (2019-2030)

9.1.2. Building & Construction

9.1.2.1. Market Revenue and Forecast (2019-2030)

9.1.3. Textiles

9.1.3.1. Market Revenue and Forecast (2019-2030)

9.1.4. Electronics

9.1.4.1. Market Revenue and Forecast (2019-2030)

9.1.5. Automotive

9.1.5.1. Market Revenue and Forecast (2019-2030)

9.1.6. Others

9.1.6.1. Market Revenue and Forecast (2019-2030)

Chapter 10. Global Recycled Plastic Market, By Source 

10.1. Recycled Plastic Market, by Source, 2021-2030

10.1.1. Plastic Bottles

10.1.1.1. Market Revenue and Forecast (2019-2030)

10.1.2. Plastic Films

10.1.2.1. Market Revenue and Forecast (2019-2030)

10.1.3. Polymer Foam

10.1.3.1. Market Revenue and Forecast (2019-2030)

10.1.4. Others

10.1.4.1. Market Revenue and Forecast (2019-2030)

Chapter 11. Global Recycled Plastic Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Forecast, by Product (2019-2030)

11.1.2. Market Revenue and Forecast, by Application (2019-2030)

11.1.3. Market Revenue and Forecast, by Source (2019-2030)

11.1.4. U.S.

11.1.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.1.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.1.4.3. Market Revenue and Forecast, by Source (2019-2030)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.1.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.1.5.3. Market Revenue and Forecast, by Source (2019-2030)

11.2. Europe

11.2.1. Market Revenue and Forecast, by Product (2019-2030)

11.2.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.3. Market Revenue and Forecast, by Source (2019-2030)

11.2.4. UK

11.2.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.2.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.4.3. Market Revenue and Forecast, by Source (2019-2030)

11.2.5. Germany

11.2.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.2.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.5.3. Market Revenue and Forecast, by Source (2019-2030)

11.2.6. France

11.2.6.1. Market Revenue and Forecast, by Product (2019-2030)

11.2.6.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.6.3. Market Revenue and Forecast, by Source (2019-2030)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Forecast, by Product (2019-2030)

11.2.7.2. Market Revenue and Forecast, by Application (2019-2030)

11.2.7.3. Market Revenue and Forecast, by Source (2019-2030)

11.3. APAC

11.3.1. Market Revenue and Forecast, by Product (2019-2030)

11.3.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.3. Market Revenue and Forecast, by Source (2019-2030)

11.3.4. India

11.3.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.3.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.4.3. Market Revenue and Forecast, by Source (2019-2030)

11.3.5. China

11.3.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.3.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.5.3. Market Revenue and Forecast, by Source (2019-2030)

11.3.6. Japan

11.3.6.1. Market Revenue and Forecast, by Product (2019-2030)

11.3.6.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.6.3. Market Revenue and Forecast, by Source (2019-2030)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Forecast, by Product (2019-2030)

11.3.7.2. Market Revenue and Forecast, by Application (2019-2030)

11.3.7.3. Market Revenue and Forecast, by Source (2019-2030)

11.4. MEA

11.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.3. Market Revenue and Forecast, by Source (2019-2030)

11.4.4. GCC

11.4.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.4.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.4.3. Market Revenue and Forecast, by Source (2019-2030)

11.4.5. North Africa

11.4.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.4.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.5.3. Market Revenue and Forecast, by Source (2019-2030)

11.4.6. South Africa

11.4.6.1. Market Revenue and Forecast, by Product (2019-2030)

11.4.6.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.6.3. Market Revenue and Forecast, by Source (2019-2030)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Forecast, by Product (2019-2030)

11.4.7.2. Market Revenue and Forecast, by Application (2019-2030)

11.4.7.3. Market Revenue and Forecast, by Source (2019-2030)

11.5. Latin America

11.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.5.3. Market Revenue and Forecast, by Source (2019-2030)

11.5.4. Brazil

11.5.4.1. Market Revenue and Forecast, by Product (2019-2030)

11.5.4.2. Market Revenue and Forecast, by Application (2019-2030)

11.5.4.3. Market Revenue and Forecast, by Source (2019-2030)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Forecast, by Product (2019-2030)

11.5.5.2. Market Revenue and Forecast, by Application (2019-2030)

11.5.5.3. Market Revenue and Forecast, by Source (2019-2030)

Chapter 12. Company Profiles

12.1. REMONDIS SE & Co. KG

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Shell International B.V.

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Waste Connections

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. CLEAN HARBORS, INC.

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Covestro AG

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Biffa

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Stericycle

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Republic Services, Inc.

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. WM Intellectual Property Holdings, L.L.C.

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Veolia

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

Purchase This Premium Research Report @ https://www.precedenceresearch.com/checkout/1333

About Us

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semiconductors, chemicals, automotive, and aerospace & defence, among different ventures, present globally.

Contact Us:

Mr. Alex

Sales Manager

Call: +1 9197 992 333

Email: sales@precedenceresearch.com

Web: https://www.precedenceresearch.com

Blog: https://precedenceresearchnews.wordpress.com

Follow us on LinkedIn | Twitter | Facebook

Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

View all posts by Precedence Research →