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Report Highlights
The global market for plastic recycling is expected to grow from $42.4 billion in 2024 to $57.9 billion by the end of 2029, at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2029.
Report Includes
- 70 data tables and 35 additional tables
- Analysis of the global plastic recycling market
- Analyses of global market trends, with market revenue data from 2023, estimates for 2024, forecasts for 2028, and projected CAGRs through 2029
- Estimate of the current market size and revenue growth prospects for global market, along with a market share analysis by resin type, technology, end-use industry, and region
- Facts and figures pertaining to the market dynamics, current and emerging technologies, regulations, and future prospects for recycled plastics
- Review of the industry supply chain, using the Porter’s Five Forces and PESTLE models, to analyze the micro- and macro environmental factors prevailing in the marketplace
- Overview of sustainability trends and ESG developments in the industry, with a focus on consumer attitudes, companies’ ESG score rankings and their ESG practices
- A look a recent patents and other new developments
- An analysis of the industry structure, including companies’ market shares, alliances, M&A activity and venture funding outlook
- Company profiles of leading players, including Berry Global Inc., Veolia Environnement S.A., MBA Polymers Inc., Plastipak Holdings Inc., and Valgroup
Report Scope
This report entails an in-depth qualitative and quantitative analyses of global plastic recycling market. The study considers 2023 as the base year; forecasts are provided for revenue from 2024 to 2029 ($ million). The global market revenue only comprises revenue earned by plastic recyclers by offering plastic recycling services and selling recycled plastics.
In this report, the market is further segmented by:
- Type: polyethylene terephthalate (PET), high-density polyethylene (HDPE), low-density polyethylene (LDPE) and linear low-density polyethylene (LLDPE), polypropylene (PP), others.
- End-use industry: packaging, construction, transportation, others.
- Technology: mechanical, chemical.
- Region: Asia-Pacific, Europe, North America, Rest of the World (RoW).
Report Synopsis
| Report Metrics | Details | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Base year considered | 2023 | ||||||||||
| Forecast period considered | 2024-2029 | ||||||||||
| Base year market size | $41.9 billion | ||||||||||
| Market size forecast | $57.9 billion | ||||||||||
| Growth rate | CAGR of 6.4% from 2024 to 2029 | ||||||||||
| Units considered | $ Millions | ||||||||||
| Segments covered | By Type, Technology, End-use Industry, and Region | ||||||||||
| Regions covered | North America, Asia-Pacific, Europe, and Rest of the World (RoW) | ||||||||||
| Countries covered | China, India, France, Germany, U.S., Canada, Mexico, and Brazil | ||||||||||
| Key Market Drivers |
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| Companies studied |
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Frequently Asked Questions (FAQs)
- Rising interest in lowering the environmental footprint of plastic products.
- Advancements in plastic recycling practices.
- Asia-Pacific emerging as a hub for attracting investments.
- Growing stringency in the regulatory environment for plastic recycling.
Analyst Credentials
Yukti Chaturvedi– Associate Consultant-Advanced Materials Research
Yukti Chaturvedi has over five years of experience in market research. She has a strong knowledge of plastics, chemicals, consumer goods, and advanced materials research. She has handled end-to-end business by providing strategic recommendations and understanding clients’ requirements thoroughly in the market research industry. She demonstrated excellence in working effectively in critical areas − competitor intelligence, product intelligence, market understanding, industry trend analysis, and customer insights. Academically, she is an MBA graduate in International Business.
Consulting Editor’s Credentials
Jason Chen has been an analyst and consultant for the polymer, composite, fibre, textile and energy industries for 19 years. He works as a researcher, writer and/or editor for the American Composites Manufacturers Association (ACMA), China Textile Academy (CTA), China Chemical Fiber Association (CCFA), International Fiber Journal, Filtration News, Platts Emission Daily, Vision Systems Design, Pesticide and Toxic Chemical News and MobileTex. He has a degree in Civil Engineering, Chemicals and Advanced Materials from Shantou University.
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Report Highlights
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.
Report Includes
- 259 tables
- An up-to-date review and analysis of the global market revenue for recycled plastics and related technologies
- Analyses of the global market trends, with data from 2020 and 2021, estimates for 2022, and projections of compound annual growth rates (CAGRs) through 2027
- Evaluation and forecast the global plastic recycling market size in value and volumetric terms, and corresponding market share analysis by resin type, collecting location, source of waste, end-use, and geographic region
- Latest information on major market dynamics (DROs), technology advancements, industry structure, government regulations, and other macroeconomic factors affecting the overall plastics industry
- Highlights of emerging technology trends, opportunities and gaps estimating current and future demand for recycled plastics, and impact of COVID-19 on the progress of this market
- Identification of companies best positioned to meet the demand for recycled plastics owing to their proprietary technologies, mergers and acquisitions, joint ventures and other strategic alliances
- Insight into recent industry structure, current competitive scenario, R&D activities, new product development, and company value share analysis based on their segmental revenues
- Profile descriptions of the leading industry players, including Indorama Ventures, LyondellBasell, Teijin, JK Plastics, ACI Plastics and Phoenix Technologies LP
Report Highlights
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.
Report Includes
- 101 data tables
- Comprehensive overview of the global markets for plastics recycling within the industry
- Analyses of the global market trends, with data corresponding to market size for 2019, estimates for 2020, and projections of compound annual growth rates (CAGRs) through 2025
- Assessment of market potential for recycled plastics, revenue forecast in dollar value terms and market volumes on the basis of resin type, source of waste, end use, application sector and geographical region
- Country specific data and analysis of China, India, Vietnam, Indonesia, Japan, South Korea, Germany, Italy, France, U.K., Spain, U.S., Canada, Mexico, Brazil, Australia and South Africa
- Latest information on major market drivers, opportunities and challenges, industry chain structure, regulatory and environmental updates, macroeconomic trends, and technological advancements that are affecting the overall marketplace
- Identification of companies best-positioned to meet the global plastics recycling market demand owing to their proprietary technologies, mergers and acquisitions, joint ventures and other strategic alliances
- Competitive landscape of the leading companies encompassing their successful marketing strategies, key contribution, and recent developments
- Company profiles of market leading participants, including CarbonLITE, Kunststoffrecycling Ges.m.b.H, LyondellBasell, MBA Polymers Inc., MTM Plastics GmbH, Montello S.p.A., Teijin, Recycled Plastics UK and Shakti Plastics Industries
Report Highlights
The global market for plastics recycling should grow from $25.3 billion in 2018 to $33.8 billion by 2023 at a compound annual growth rate (CAGR) of 5.9% for the period of 2018-2023.
Report Includes
- 96 data tables
- An overview of the global markets for plastic recycling
- Analyses of global market trends, with data from 2017, 2018, and projections of compound annual growth rates (CAGRs) through 2023
- Discussion on the history and current state of plastic recycling market, and future trends
- Insight into the government regulations and targets of the plastic recycling industry
- Company profiles of the industry including JK Plastics Pty. Ltd., PET Recycling Company (PETCO), LyondellBasell, Geo-Tech Polymers, Phoenix Technologies International, LLC and MBA Polymers Inc.
Report Highlights
Report Includes
- An overview of the global markets for plastic recycling
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- Coverage of history and current state of plastic recycling market
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- Analyses of the company profiles of the industry
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