PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1449634
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1449634
Global Microplastic Recycling Market, By Product, By End Use Industry, By Geography
Global microplastic recycling Market size is expected to reach US$ 439 Million by 2031, from US$ 276.6 Million in 2024, exhibiting a compound annual growth rate (CAGR) of 6.8% during the forecast period.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2023/2024: | US$ 276.6 Mn |
| Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 - 2031 |
| Forecast Period 2023/2024 to 2030/2031 CAGR: | 6.80% | 2030/2031 Value Projection: | US$ 439 Mn |
Micro plastics are tiny plastic fragments less than 5mm in length that are polluting oceans and waterways. They enter the environment from various sources such as cosmetics, clothing, and plastic waste. Micro plastic recycling aims to divert these micro plastics from landfills and natural water bodies by collecting and reprocessing them. This helps reduce plastic pollution and supports the development of a circular economy. Micro plastics are particles which are less than 5mm in size, enter the environment, through various sources including clothing, personal care products, and fragmentation of larger plastics. These have been detected in terrestrial, marine, and aquatic ecosystems across the world having detrimental environmental and health impacts. Growing awareness about plastic pollution and its adverse effects has significantly driven the demand for effective micro plastic recycling solutions. Recent advances in recycling technologies are enabling separation and recovery of micro plastics from complex waste streams in an efficient and economical manner. Recent research has estimated that around 500,000 tons of micro plastics flow into the oceans annually. Several countries and regions have implemented regulations to curb plastic waste and promote recycling. This is expected to drive greater collection and recycling of micro plastics going forward.
Market Dynamics:
Global micro plastic recycling market is driven by the growing awareness about plastic pollution and stringent environmental regulations regarding plastic waste management. The ban on micro beads in personal care products in various countries contributed significantly to the market growth. However, high costs that are associated with separate collection and processing of micro plastics acts as a major restraint. Developments in sorting and filtering technologies offer opportunities to reduce recycling costs and improve recovery rates. Partnerships between recycling firms and brands/manufacturers also help increase supply of recyclables. The market is expected to gain traction with support from regulatory push on corporate responsibility for post-consumer plastics.
Key features of the study:
This report provides in-depth analysis of the global micro plastic recycling market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global micro plastic recycling market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Polygonesystems, PlanetCare, ECOFARIO, Ocean Diagnostics, Oceanworks, Matter, Carbios, Purecycle technologies, Ioniqa, Calyxia.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
Global micro plastic recycling market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Micro plastic Recycling Market Segmentation:
- Micro plastic Recycling Market, By Product
- Primary
- Secondary
- Micro plastic Recycling Market, By End Use Industry
- Packaging
- Agriculture
- Consumer goods
- Textile
- Automotive & Transportation
- Building & Construction
- Others
- Micro plastic Recycling Market, By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
- Top Companies in the Global Micro plastic Recycling Market:
- Polygonesystems
- PlanetCare
- ECOFARIO
- Ocean Diagnostics
- Oceanworks
- Matter
- Carbios
- Purecycle technologies
- Ioniqa
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Micro plastic Recycling Market, By Product
- Micro plastic Recycling Market, By End use Industry
- Micro plastic Recycling Market, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Growing awareness about environmental impact of plastic pollution
- Opportunities from banned and phased-out single-use plastic products.
- Restraints
- Collection and transportation challenges
- Difficulty in effective sorting of micro plastics
- Opportunities
- Growth in research & development (RD) activities
- Partnerships with key industries to develop viable business models
- Key Highlights
- Regulatory Scenario
- Recent Trends
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Mergers, Acquisitions, and Collaborations
4. Global Micro plastic Recycling Market - Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
5. Global Micro plastic Recycling Market, By Product, 2019-2031, (US$ Million)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Primary
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Million)
- Secondary
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Million)
6. Global Micro plastic Recycling Market, By End Use Industry, 2019-2031, (US$ Million)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Packaging
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Million)
- Agriculture
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Million)
- Consumer goods
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Million)
- Textile
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Million)
- Automotive & Transportation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Million)
- Building & Construction
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Million)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Million)
7. Global Micro plastic Recycling Market, By Region, 2019-2031, (US$ Million)
- Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2019-2031,(US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By End Use Industry, 2019-2031,(US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Million)
- U.S.
- Canada
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2019-2031,(US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By End Use Industry, 2019-2031,(US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Million)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2019-2031,(US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By End Use Industry, 2019-2031,(US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Million)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2019-2031,(US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By End Use Industry, 2019-2031,(US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Million)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2019-2031,(US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By End Use Industry, 2019-2031,(US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Million)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Product, 2019-2031,(US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By End Use Industry, 2019-2031,(US$ Million)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2019-2031,(US$ Million)
- South Africa
- Central Africa
- North Africa
8. Competitive Landscape
- Company Profile
- Polygonesystems
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- PlanetCare
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- ECOFARIO
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Ocean Diagnostics
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Oceanworks
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Matter
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Carbios
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Purecycle technologies
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Ioniqa
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Calyxia
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Analyst Views
9. Section
- References
- Research Methodology
- About us
