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1057654

Recycled Plastics Market - Global Industry Analysis (2018 - 2021) - Growth Trends and Market Forecast (2022 - 2026)

Published: | Fairfield Market Research | 157 Pages | Delivery time: 1-2 business days

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Recycled Plastics Market - Global Industry Analysis (2018 - 2021) - Growth Trends and Market Forecast (2022 - 2026)
Published: January 27, 2022
Fairfield Market Research
Content info: 157 Pages
Delivery time: 1-2 business days
  • Description
  • Table of Contents

Increasing awareness and sensitivity toward environmental concerns has largely discouraged the demand for single-use plastics. This has led to stricter government regulations upon Consumer Packaged Goods (CPGs) across various regions. Alongside this, consumer demand for sustainable packaging has inflated, ensuing a widespread requirement for recycled plastics. Fairfield Market Research finds that the global recycled plastics market was worth US$19.5 Bn in 2019 and is forecasted to reach US$30.2 Bn in 2026, registering a healthy CAGR of 8.1% between 2022 and 2026. Development of innovative technology through research in the field of synthetic resins becomes a focal area for companies operating in the industry. In the face of such advancements, global market for recycled plastics can expect multiple opportunities for growth under its perusal.

Key Insights and Trends Dominating the Global Recycled Plastic Market

Food packaging will be the fastest growing application category in terms of volume. Polyethylene terephthalate (PET) was found to be a leading category of recycled plastics in 2019. In terms of value, it is projected to reach US$ 14.1 Bn by 2026, growing with a CAGR of 8.7% owing to the higher demand from food as well as non-food packaging applications.

Growing demand for sustainable plastic materials from the automotive industry is likely to boost the demand for recycled plastics as well. To tap this potential, plastic recyclers have developed technologies to effectively separate and recycle plastic from end-of-life vehicles (ELV).

Recycled plastics are being increasingly uses for carpeting, flooring tiles, roofing tiles, indoor insulation, bricks, and fences. Residential as well as commercial construction sectors are benefitting owing to the durability, lighter weight, and high strength in case mix-compound recycled plastics as these materials are cost-competitive compared to virgin plastics.

Various Properties of Classified Recycled Plastics Ensue Market Growth Through Different Sectors

Lack of polypropylene and virgin polyethylene availability is projected to encourage the use of recycled polythene. As consumers become increasing sensitive to environmental concerns, they raise demand for sustainability commitments with the packaging industry. With a benefit of their own in the face of long-term cost-cutting, companies adapt to the new trends of durable packaging. Due to this, market for recycled high-density polyethylene (HDPE) and low-density

polyethylene (LDPE) are forecasted to experience surging growth. Major use of recycled polypropylene for producing outdoor furniture and other construction consumer products is expected to have a share in the expansion of the global recycled plastics market.

Countries of Southeast Asia to Enlist a Fast-Paced Market Growth

Europe has been at the forefront in taking pragmatic measures to recycle and reuse plastic. The European Union aims to recycle all plastic packaging in the market by 2030 by introducing various bans across the region. The commission sanctioned an initiative "The Circular Plastics Alliance (CPA)'', which aims to boost the EU market for recycled plastics to 10 million tons by 2025. Despite this, Asia Pacific took up a dominant share in the market in 2019, owing to China's leading demand. However, regions such as India and Southeast Asia are going to be the fastest growing markets in volume terms chiefly driven by sustained efforts to reduce plastic pollutions

Key market players in the recycled plastics market are: Remondis SE & Co. KG; Biffa; Stericycle; Republic Services, Inc.; WM Intellectual Property Holdings, L.L.C.; Veolia; and Shell International B.V.

Table of Contents

1. Executive Summary

  • 1.1. Global Recycled Plastics Market Snapshot
  • 1.2. Future Projections
  • 1.3. Key Market Trends
  • 1.4. Analyst Recommendations

2. Market Overview

  • 2.1. Market Definitions and Segmentations
  • 2.2. Market Dynamics
    • 2.2.1. Drivers
    • 2.2.2. Restraints
    • 2.2.3. Market Opportunities
  • 2.3. Value Chain Analysis
  • 2.4. Porter's Five Forces Analysis
  • 2.5. Covid-19 Impact Analysis
    • 2.5.1. Supply
    • 2.5.2. Demand
  • 2.6. Economic Overview

3. Production Output and Trade Statistics

4. Price Trends Analysis and Future Projects, 2018-2026

  • 4.1. Price Trends Analysis and Future Projects, 2018-2026
  • 4.2. Global Average Price Analysis, by Product vs Application, US$ per Kg

5. Global Recycled Plastics Market Outlook, 2018-2026

  • 5.1. Global Recycled Plastics Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
    • 5.1.1. Key Highlights
      • 5.1.1.1. PET
      • 5.1.1.2. HDPE
      • 5.1.1.3. PP
      • 5.1.1.4. LDPE
      • 5.1.1.5. Misc. (PVC, PS, etc.)
  • 5.2. Global Recycled Plastics Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
    • 5.2.1. Key Highlights
      • 5.2.1.1. Food Packaging
      • 5.2.1.2. Non-food Packaging
      • 5.2.1.3. Construction
      • 5.2.1.4. Automotive
      • 5.2.1.5. Textile
      • 5.2.1.6. Misc. (Electronics, Agriculture, etc.)
  • 5.3. Global Recycled Plastics Market Outlook, by Region, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
    • 5.3.1. Key Highlights
      • 5.3.1.1. North America
      • 5.3.1.2. Europe
      • 5.3.1.3. Asia Pacific
      • 5.3.1.4. Latin America
      • 5.3.1.5. Middle East & Africa

6. North America Recycled Plastics Market Outlook, 2018-2026

  • 6.1. North America Recycled Plastics Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
    • 6.1.1. Key Highlights
      • 6.1.1.1. PET
      • 6.1.1.2. HDPE
      • 6.1.1.3. PP
      • 6.1.1.4. LDPE
      • 6.1.1.5. Misc. (PVC, PS, etc.)
    • 6.1.2. BPS Analysis/Market Attractiveness Analysis
  • 6.2. North America Recycled Plastics Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
    • 6.2.1. Key Highlights
      • 6.2.1.1. Food Packaging
      • 6.2.1.2. Non-food Packaging
      • 6.2.1.3. Construction
      • 6.2.1.4. Automotive
      • 6.2.1.5. Textile
      • 6.2.1.6. Misc. (Electronics, Agriculture, etc.)
    • 6.2.2. BPS Analysis/Market Attractiveness Analysis
  • 6.3. North America Recycled Plastics Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
    • 6.3.1. Key Highlights
      • 6.3.1.1. U.S. Recycled Plastics Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
      • 6.3.1.2. U.S. Recycled Plastics Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
      • 6.3.1.3. Canada Recycled Plastics Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
      • 6.3.1.4. Canada Recycled Plastics Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
    • 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. Europe Recycled Plastics Market Outlook, 2018-2026

  • 7.1. Europe Recycled Plastics Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
    • 7.1.1. Key Highlights
      • 7.1.1.1. PET
      • 7.1.1.2. HDPE
      • 7.1.1.3. PP
      • 7.1.1.4. LDPE
      • 7.1.1.5. Misc. (PVC, PS, etc.)
    • 7.1.2. BPS Analysis/Market Attractiveness Analysis
  • 7.2. Europe Recycled Plastics Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
    • 7.2.1. Key Highlights
      • 7.2.1.1. Food Packaging
      • 7.2.1.2. Non-food Packaging
      • 7.2.1.3. Construction
      • 7.2.1.4. Automotive
      • 7.2.1.5. Textile
      • 7.2.1.6. Misc. (Electronics, Agriculture, etc.)
    • 7.2.2. BPS Analysis/Market Attractiveness Analysis
  • 7.3. Europe Recycled Plastics Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
    • 7.3.1. Key Highlights
      • 7.3.1.1. Germany Recycled Plastics Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
      • 7.3.1.2. Germany Recycled Plastics Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
      • 7.3.1.3. U.K. Recycled Plastics Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
      • 7.3.1.4. U.K. Recycled Plastics Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
      • 7.3.1.5. France Recycled Plastics Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
      • 7.3.1.6. France Recycled Plastics Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
      • 7.3.1.7. Italy Recycled Plastics Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
      • 7.3.1.8. Italy Recycled Plastics Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
      • 7.3.1.9. Spain Recycled Plastics Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
      • 7.3.1.10. Spain Recycled Plastics Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
      • 7.3.1.11. Russia Recycled Plastics Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
      • 7.3.1.12. Russia Recycled Plastics Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
      • 7.3.1.13. Rest of Europe Recycled Plastics Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
      • 7.3.1.14. Rest of Europe Recycled Plastics Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
    • 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. Asia Pacific Recycled Plastics Market Outlook, 2018-2026

  • 8.1. Asia Pacific Recycled Plastics Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
    • 8.1.1. Key Highlights
      • 8.1.1.1. PET
      • 8.1.1.2. HDPE
      • 8.1.1.3. PP
      • 8.1.1.4. LDPE
      • 8.1.1.5. Misc. (PVC, PS, etc.)
    • 8.1.2. BPS Analysis/Market Attractiveness Analysis
  • 8.2. Asia Pacific Recycled Plastics Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
    • 8.2.1. Key Highlights
      • 8.2.1.1. Food Packaging
      • 8.2.1.2. Non-food Packaging
      • 8.2.1.3. Construction
      • 8.2.1.4. Automotive
      • 8.2.1.5. Textile
      • 8.2.1.6. Misc. (Electronics, Agriculture, etc.)
    • 8.2.2. BPS Analysis/Market Attractiveness Analysis
  • 8.3. Asia Pacific Recycled Plastics Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
    • 8.3.1. Key Highlights
      • 8.3.1.1. China Recycled Plastics Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
      • 8.3.1.2. China Recycled Plastics Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
      • 8.3.1.3. Japan Recycled Plastics Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
      • 8.3.1.4. Japan Recycled Plastics Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
      • 8.3.1.5. South Korea Recycled Plastics Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
      • 8.3.1.6. South Korea Recycled Plastics Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
      • 8.3.1.7. India Recycled Plastics Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
      • 8.3.1.8. India Recycled Plastics Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
      • 8.3.1.9. Southeast Asia Recycled Plastics Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
      • 8.3.1.10. Southeast Asia Recycled Plastics Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
      • 8.3.1.11. Rest of Asia Pacific Recycled Plastics Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
      • 8.3.1.12. Rest of Asia Pacific Recycled Plastics Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
    • 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Recycled Plastics Market Outlook, 2018-2026

  • 9.1. Latin America Recycled Plastics Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
    • 9.1.1. Key Highlights
      • 9.1.1.1. PET
      • 9.1.1.2. HDPE
      • 9.1.1.3. PP
      • 9.1.1.4. LDPE
      • 9.1.1.5. Misc. (PVC, PS, etc.)
    • 9.1.2. BPS Analysis/Market Attractiveness Analysis
  • 9.2. Latin America Recycled Plastics Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
    • 9.2.1. Key Highlights
      • 9.2.1.1. Food Packaging
      • 9.2.1.2. Non-food Packaging
      • 9.2.1.3. Construction
      • 9.2.1.4. Automotive
      • 9.2.1.5. Textile
      • 9.2.1.6. Misc. (Electronics, Agriculture, etc.)
    • 9.2.2. BPS Analysis/Market Attractiveness Analysis
  • 9.3. Latin America Recycled Plastics Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
    • 9.3.1. Key Highlights
      • 9.3.1.1. Brazil Recycled Plastics Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
      • 9.3.1.2. Brazil Recycled Plastics Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
      • 9.3.1.3. Mexico Recycled Plastics Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
      • 9.3.1.4. Mexico Recycled Plastics Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
      • 9.3.1.5. Rest of Latin America Recycled Plastics Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
      • 9.3.1.6. Rest of Latin America Recycled Plastics Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
    • 9.3.2. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Recycled Plastics Market Outlook, 2018-2026

  • 10.1. Middle East & Africa Recycled Plastics Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
    • 10.1.1. Key Highlights
      • 10.1.1.1. PET
      • 10.1.1.2. HDPE
      • 10.1.1.3. PP
      • 10.1.1.4. LDPE
      • 10.1.1.5. Misc. (PVC, PS, etc.)
    • 10.1.2. BPS Analysis/Market Attractiveness Analysis
  • 10.2. Middle East & Africa Recycled Plastics Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
    • 10.2.1. Key Highlights
      • 10.2.1.1. Food Packaging
      • 10.2.1.2. Non-food Packaging
      • 10.2.1.3. Construction
      • 10.2.1.4. Automotive
      • 10.2.1.5. Textile
      • 10.2.1.6. Misc. (Electronics, Agriculture, etc.)
    • 10.2.2. BPS Analysis/Market Attractiveness Analysis
  • 10.3. Middle East & Africa Recycled Plastics Market Outlook, by Country, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
    • 10.3.1. Key Highlights
      • 10.3.1.1. GCC Recycled Plastics Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
      • 10.3.1.2. GCC Recycled Plastics Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
      • 10.3.1.3. South Africa Recycled Plastics Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
      • 10.3.1.4. South Africa Recycled Plastics Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
      • 10.3.1.5. Rest of Middle East & Africa Recycled Plastics Market by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
      • 10.3.1.6. Rest of Middle East & Africa Recycled Plastics Market by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
    • 10.3.2. BPS Analysis/Market Attractiveness Analysis

11. Competitive Landscape

  • 11.1. Product vs Application Heatmap
  • 11.2. Recycled Plastics Market Structure
  • 11.3. Company Market Share Analysis, 2019
  • 11.4. Technological Developments
  • 11.5. Company Profiles
    • 11.5.1. Indorama Ventures Public Company Limited
      • 11.5.1.1. Company Overview
      • 11.5.1.2. Product Portfolio
      • 11.5.1.3. Financial Overview
      • 11.5.1.4. Business Strategies and Development
    • 11.5.2. Covestro AG
      • 11.5.2.1. Company Overview
      • 11.5.2.2. Product Portfolio
      • 11.5.2.3. Financial Overview
      • 11.5.2.4. Business Strategies and Development
    • 11.5.3. Borealis AG
      • 11.5.3.1. Company Overview
      • 11.5.3.2. Product Portfolio
      • 11.5.3.3. Financial Overview
      • 11.5.3.4. Business Strategies and Development
    • 11.5.4. LyondellBasell Industries N.V.
      • 11.5.4.1. Company Overview
      • 11.5.4.2. Product Portfolio
      • 11.5.4.3. Financial Overview
      • 11.5.4.4. Business Strategies and Development
    • 11.5.5. Phoenix Technologies International, LLC
      • 11.5.5.1. Company Overview
      • 11.5.5.2. Product Portfolio
      • 11.5.5.3. Production Capacities
      • 11.5.5.4. Business Strategies and Development
    • 11.5.6. UltrePET, LLC
      • 11.5.6.1. Company Overview
      • 11.5.6.2. Product Portfolio
      • 11.5.6.3. Financial Overview
      • 11.5.6.4. Business Strategies and Development
    • 11.5.7. Extrupet Group (Pty) Ltd
      • 11.5.7.1. Company Overview
      • 11.5.7.2. Product Portfolio
      • 11.5.7.3. Production Capacities
      • 11.5.7.4. Business Strategies and Development
    • 11.5.8. KW Plastics
      • 11.5.8.1. Company Overview
      • 11.5.8.2. Product Portfolio
      • 11.5.8.3. Production Capacities
      • 11.5.8.4. Business Strategies and Development
    • 11.5.9. Envision Plastics
      • 11.5.9.1. Company Overview
      • 11.5.9.2. Product Portfolio
      • 11.5.9.3. Production Capacities
      • 11.5.9.4. Business Strategies and Development
    • 11.5.10. ALPLA Group
      • 11.5.10.1. Company Overview
      • 11.5.10.2. Product Portfolio
      • 11.5.10.3. Production Capacities
      • 11.5.10.4. Business Strategies and Development

12. Appendix

  • 12.1. Research Methodology
  • 12.2. Report Assumptions
  • 12.3. Acronyms and Abbreviations