Exploring the Plastic Recyclings Market with Growth Perspectives

Global Plastic Recyclings Market Overview:

According to MarkNtel Advisors study the Global Plastic Recycling Market size is valued at nearly USD 32.9 billion in 2023 & is predicted to reach about USD 59.23 billion by 2030. Along with this, the market is also estimated to grow at a CAGR of about 8.72% during the forecast period, i.e., 2024-30. The market is experiencing significant growth, primarily fueled by the surging demand for plastic materials across various industries, including automotive, medical, textile, construction, and packaging.

Key Findings of the Study: Plastic Recyclings market

Global Plastic Recycling Market Opportunity:

Advancing Technologies & Government Initiatives Creating Opportunities – The rapidly growing emphasis on advancing plastic recycling technologies, the increasing demand for recycled PET & HDPE, and the expanding utilization of recycled plastic across various industries are poised to create significant market opportunities for key industry players in the coming years. The swift pace of research & development initiatives undertaken by governments worldwide, with a focus on discovering effective and innovative approaches to plastic recycling & waste management.

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Scope of the Plastic Recyclings Market Report Segmentation

-By Source

Bottles- Market Size & Forecast 2019-2030, USD Million
Films- Market Size & Forecast 2019-2030, USD Million
Fibers- Market Size & Forecast 2019-2030, USD Million
Foams- Market Size & Forecast 2019-2030, USD Million

-By Plastic Type

Polyethylene Terephthalate (PET) - Market Size & Forecast 2019-2030, USD Million
Polyethylene (PE)- Market Size & Forecast 2019-2030, USD Million
Polypropylene (PP)- Market Size & Forecast 2019-2030, USD Million
Polyvinyl Chloride (PVC)- Market Size & Forecast 2019-2030, USD Million
Polystyrene (PS)- Market Size & Forecast 2019-2030, USD Million

-By Type

Post-consumer Recyclates- Market Size & Forecast 2019-2030, USD Million
Industrial Recyclates- Market Size & Forecast 2019-2030, USD Million

-By Process

Mechanical Recycling - Market Size & Forecast 2019-2030, USD Million
Chemical Recycling - Market Size & Forecast 2019-2030, USD Million

-By Application

Packaging- Market Size & Forecast 2019-2030, USD Million
Building & Construction- Market Size & Forecast 2019-2030, USD Million
Textiles- Market Size & Forecast 2019-2030, USD Million
Automotive- Market Size & Forecast 2019-2030, USD Million
Electrical & Electronics- Market Size & Forecast 2019-2030, USD Million

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Geographical analysis:

-By Region

North America
South America
Europe
The Middle East & Africa
Asia-Pacific

The Asia-Pacific region is poised to hold its dominance in the Global Plastic Recycling Market throughout the forecast period. This position is primarily attributed to the substantial generation of plastic waste in the region, coupled with the growing number of government initiatives across many countries to address the escalating concerns related to plastic waste & the imperative to promote recycling. As per projections by the United Nations, plastic waste generation in the Asia-Pacific region is anticipated to reach approximately 140 million tons by 2030.

Global Plastic Recycling Industry Recent Development:

2023: Veolia and Lyondell Basell restructure their plastics recycling joint venture QCP to build a profitable circular and low carbon solutions business, to meet customer demand for more sustainable products and solutions.
2023: SUEZ, SK Geo Centric, and Loop Industries identified a location for their collaborative plastic recycling facility in Saint-Avold, France. This plant is dedicated to the production of 100% recycled PET resin, which maintains a virgin-quality and is infinitely recyclable.

Current Landscape of Plastic Recyclings Market

The report delineates key market participants and thoroughly assesses their strategic approaches, trends, innovations, and manufacturing infrastructure, enabling a forecast of their market impact over the next five years. The meticulously researched data presented holds the potential to distinguish even nascent market entrants in the long term. Armed with pertinent data and actionable insights, our research report delivers a comprehensive overview of the market, empowering investors and stakeholders to establish a robust presence in the Plastic Recyclings market. The research report profiles major players, including

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Veolia
Suez
KW Plastic
Jayplas
Schoenberg & Co.
B&B Plastics
Green Line Polymers
Clear Path Recycling
Custom Polymers
Plastipak Holdings.
Others

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