Plastic Recycling Market Research Report - Forecast to 2023
Global Plastic Recycling Market Information by Material (Polyethylene Terephthalate (PET), High-Density Polyethylene (HDPE), Polypropylene (PP), Low-Density Polyethylene (LDPE) and Other), by Recycling Process (Mechanical, and Chemical), Application (Packaging, Construction, Automotive, and Other) and by Region - Forecast to 2023 Market Scenario: Plastic recycling means reprocessing the scrap or waste plastic material into useful products. Plastic is inexpensive, lightweight and durable materials, which can readily be moulded into a variety of products with a wide range of applications. The growing demand for plastics from various industries including construction, food and beverage, and pharmaceutical is expected to propel the growth of the recycled plastics market. Rising consciousness for environmental protection among consumers is also adding to the market growth. However, the lack of awareness for recycled plastic products is the restraint that may hamper the growth of global plastic recycling market. The global plastic recycling market is projected to grow at a CAGR of 6.5% from 2017 to 2023, to reach the market size of USD 53.72 billion by the end of the forecast period.
Global Plastic Recycling Market Information by Material (Polyethylene Terephthalate (PET), High-Density Polyethylene (HDPE), Polypropylene (PP), Low-Density Polyethylene (LDPE) and Other), by Recycling Process (Mechanical, and Chemical), Application (Packaging, Construction, Automotive, and Other) and by Region - Forecast to 2023
Market Scenario:
Plastic recycling means reprocessing the scrap or waste plastic material into useful products. Plastic is inexpensive, lightweight and durable materials, which can readily be moulded into a variety of products with a wide range of applications. The growing demand for plastics from various industries including construction, food and beverage, and pharmaceutical is expected to propel the growth of the recycled plastics market. Rising consciousness for environmental protection among consumers is also adding to the market growth. However, the lack of awareness for recycled plastic products is the restraint that may hamper the growth of global plastic recycling market.
The global plastic recycling market is projected to grow at a CAGR of 6.5% from 2017 to 2023, to reach the market size of USD 53.72 billion by the end of the forecast period.
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<strong>Plastic</strong> <strong>Recycling</strong> <strong>Market</strong> <strong>Research</strong> <strong>Report</strong> By<br />
<strong>Forecast</strong> To <strong>2023</strong><br />
Industry Survey, Growth, Competitive Landscape<br />
and <strong>Forecast</strong>s <strong>to</strong> <strong>2023</strong><br />
PREPARED BY<br />
<strong>Market</strong> <strong>Research</strong> Future<br />
(Part of Wantstats <strong>Research</strong> & Media Pvt. Ltd.)
<strong>Plastic</strong> <strong>Recycling</strong> <strong>Market</strong> <strong>Forecast</strong> To <strong>2023</strong><br />
Global <strong>Plastic</strong> <strong>Recycling</strong> <strong>Market</strong> Information by Material (Polyethylene Terephthalate (PET), High-Density<br />
Polyethylene (HDPE), Polypropylene (PP), Low-Density Polyethylene (LDPE) and Other), by <strong>Recycling</strong> Process<br />
(Mechanical, and Chemical), Application (Packaging, Construction, Au<strong>to</strong>motive, and Other) and by Region -<br />
<strong>Forecast</strong> <strong>to</strong> <strong>2023</strong><br />
<strong>Plastic</strong> recycling means reprocessing the scrap or waste plastic material in<strong>to</strong> useful products. <strong>Plastic</strong> is inexpensive,<br />
lightweight and durable materials, which can readily be moulded in<strong>to</strong> a variety of products with a wide range of<br />
applications. The growing demand for plastics from various industries including construction, food and beverage, and<br />
pharmaceutical is expected <strong>to</strong> propel the growth of the recycled plastics market. Rising consciousness for environmental<br />
protection among consumers is also adding <strong>to</strong> the market growth. However, the lack of awareness for recycled plastic<br />
products is the restraint that may hamper the growth of global plastic recycling market.<br />
The global plastic recycling market is projected <strong>to</strong> grow at a CAGR of 6.5% from 2017 <strong>to</strong> <strong>2023</strong>, <strong>to</strong> reach the market size of<br />
USD 53.72 billion by the end of the forecast period.<br />
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<strong>Plastic</strong> <strong>Recycling</strong> <strong>Market</strong> <strong>Forecast</strong> To <strong>2023</strong><br />
<strong>Market</strong> Segmentation<br />
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<strong>Plastic</strong> <strong>Recycling</strong> <strong>Market</strong> <strong>Forecast</strong> To <strong>2023</strong><br />
Regional Analysis of Global <strong>Plastic</strong> <strong>Recycling</strong> <strong>Market</strong>:<br />
Asia-Pacific dominates the global plastic recycling market followed by Europe. Availability of cheap labor and relatively<br />
lenient governmental regulations in this region ultimately increase the demand of plastic recycling. This region is expected<br />
<strong>to</strong> grow at the fastest pace during the forecast period. Europe is another important market that is expected <strong>to</strong> contribute<br />
significantly during the forecast period mainly due <strong>to</strong> rising awareness regarding environmental protection.<br />
Key Players:<br />
The key players of global plastic recycling market are PLASgran Ltd. (U.K.), UltrePET, LLC. (U.S.), Kuusakoski Oy (Finland),<br />
Envision <strong>Plastic</strong>s (U.S.),KW <strong>Plastic</strong>s, Inc.U.S.), Cus<strong>to</strong>m Polymers, Inc. (U.S.), Advanced Environmental <strong>Recycling</strong> Technologies,<br />
Inc. (U.S.), MBA Polymers UK Ltd. (U.K.), CarbonLITE Industries (U.S.), and Green-O-Tech India (India).<br />
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