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PUBLISHER: Grand View Research | PRODUCT CODE: 1301200
PUBLISHER: Grand View Research | PRODUCT CODE: 1301200
Microplastic Recycling Market Size, Share & Trends Analysis, By Product (Primary, Secondary), By End-use (Packaging, Agriculture, Consumer Goods, Textile, Automotive & Transportation), By Region, And Segment Forecasts, 2023 - 2030
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PAGES: 120 Pages
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Microplastic Recycling Market Growth & Trends
The global microplastic recycling market size is expected to reach USD 448.5 million by 2030, expanding at a CAGR 6.8% from 2023 to 2030, according to a new report by Grand View Research, Inc. The market is expected to grow in the coming years owing to increasing government regulations, environmental concerns, technological advancements, consumer awareness, and the increasing use of microplastics in different industries.
Increasing consumer awareness about the harmful effects of microplastic on human health and the environment is driving the demand for microplastic recycling. Different governments are also implementing regulations and policies to reduce plastic waste and promote recycling. This in turn is expected to boost the demand for microplastic recycling. In addition, technological advancements for sorting, separating, and recycling microplastics are also driving the growth of the market.
However, lack of infrastructure, limited demand, the complexity of microplastic mixtures, and high cost of recycling microplastics are some restraining factors for the market. Currently, there is a limited demand for recycled microplastics, which makes it difficult for recycling companies to increase their operations. Microplastic recycling is expensive when compared to traditional plastic recycling methods. This makes it difficult for recycling companies to compete in the market.
Microplastics are often contaminated with other materials such as dirt, organic matter, and metals. This contamination can make it challenging to separate and recycle the microplastics, and can also reduce the quality of the recycled material. In addition, the process of collecting, separating, and recycling microplastics is highly complex and requires specialized equipment and processes. This makes the process expensive and difficult to recycle microplastics on a large scale.
Microplastic Recycling Market Report Highlights
- In terms of revenue, secondary product segment accounted for a prominent share of more than 76.0% in the market in 2022 and is further expected to witness prominent growth over the forecast period
- Packaging industry is a major industry utilizing microplastic for various applications. The use of recycled plastics, including microplastics, is seen as an effective way to reduce the environmental impact of packaging
- China emerged as the leading consumer in the Asia Pacific and accounted for more than 44.0% of the regional revenue in 2022
- Recycled microplastics are utilized in the automotive and transportation industry to produce different interior components including seating, door panels, and dashboard panels
- In terms of revenue, packaging end-use segment accounted for a prominent share of more than 62.0% in the market in 2022 and is further expected to showcase similar growth over the forecast period
Product Code: GVR-4-68040-082-4
Table of Contents
Chapter 1 Methodology And Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definitions
- 1.3 Information Procurement
- 1.3.1 Information Analysis
- 1.3.2 Market Formulation & Data Visualization
- 1.3.3 Data Validation & Publishing
- 1.4 Research Scope And Assumptions
- 1.4.1 List To Data Sources
Chapter 2 Executive Summary
- 2.1 Market Snapshot 2022
- 2.2 Segment Snapshot
- 2.3 Competitive Landscape Snapshot
Chapter 3 Microplastic Recycling Market: Variables And Trends
- 3.1 Market Lineage Outlook
- 3.1.1 Global Plastics Market
- 3.2 Industry Value Chain Analysis
- 3.2.1 Raw Material Outlook
- 3.3 Production Trend Analysis
- 3.4 Regulatory Framework
- 3.5 Market Dynamics
- 3.5.1 Market Driver Impact Analysis
- 3.5.2 Market Restraint Impact Analysis
- 3.6.3 Industry Challenges
- 3.6.4 Industry Opportunities
- 3.6 Industry Analysis Tools
- 3.6.1 Porter's Analysis
- 3.6.2 Macroeconomic Analysis
- 3.7 Covid-19 Impact On Microplastic Recycling Market
- 3.8 Eastern Europe Geopolitical Conflict Implication Overview
Chapter 4 Microplastic Recycling Market: Product Estimates & Trend Analysis
- 4.1 Product Movement Analysis & Market Share, 2022 & 2030
- 4.2 Microplastic Recycling Market Estimates & Forecast, By Product (Usd Million)
- 4.2.1 Primary
- 4.2.2 Secondary
Chapter 5 Microplastic Recycling Market: End-Use Estimates & Trend Analysis
- 5.1 End-Use Movement Analysis & Market Share, 2022 & 2030
- 5.2 Microplastic Recycling Market Estimates & Forecast, By End-Use (Usd Million)
- 5.2.1 Packaging
- 5.2.2 Agriculture
- 5.2.3 Consumer Goods
- 5.2.4 Textile
- 5.2.5 Automotive & Transportation
- 5.2.6 Building & Construction
- 5.2.7 Others
Chapter 6 Microplastic Recycling Market: Regional Estimates & Trend Analysis
- 6.1 Microplastic Recycling Market: Regional Outlook
- 6.2 North America
- 6.2.1 North America Microplastic Recycling Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.2.2 U.S.
- 6.2.2.1 U.S. Microplastic Recycling Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.2.3 Canada
- 6.2.3.1 Canada Microplastic Recycling Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.2.4 Mexico
- 6.2.4.1 Mexico Microplastic Recycling Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.3 Europe
- 6.3.1 Europe Microplastic Recycling Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.3.2 Germany
- 6.3.2.1 Germany Microplastic Recycling Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.3.3 France
- 6.3.3.1 France Microplastic Recycling Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.3.4 Uk
- 6.3.4.1 Uk Microplastic Recycling Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.4 Asia Pacific
- 6.4.1 Asia Pacific Microplastic Recycling Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.4.2 China
- 6.4.2.1 China Microplastic Recycling Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.4.3 India
- 6.4.3.1 India Microplastic Recycling Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.4.4 Japan
- 6.4.4.1 Japan Microplastic Recycling Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.5 Central & South America
- 6.5.1 Central & South America Microplastic Recycling Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.5.2 Brazil
- 6.5.2.1 Brazil Microplastic Recycling Market Estimates & Forecasts, 2018 - 2030 (USD Million)
- 6.6 Middle East & Africa
- 6.6.1 Middle East & Africa Microplastic Recycling Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Chapter 7 Microplastic Recycling Market - Competitive Landscape
- 7.1 Recent Developments & Impact Analysis, By Key Market Participants
- 7.2 Company Categorization
- 7.3 Participant's Overview
- 7.4 Financial Performance
- 7.5 Product Benchmarking
- 7.6 Company Heat Map Analysis
- 7.7 Strategy Mapping
- 7.7.1 Expansion
- 7.7.2 Mergers & Acquisition
- 7.7.3 Collaboration
- 7.7.4 New Product Launches
- 7.7.5 Research & Development
Product Code: GVR-4-68040-082-4
List of Tables
- Table 1 List of Abbreviations
- Table 2 Microplastic Recycling market estimates and forecasts, by Primary, 2018 - 2030 (USD Million)
- Table 3 Microplastic Recycling market estimates and forecasts, by Secondary, 2018 - 2030 (USD Million)
- Table 4 Microplastic Recycling market estimates and forecasts, by packaging, 2018 - 2030 (USD Million)
- Table 5 Microplastic Recycling market estimates and forecasts, by agriculture, 2018 - 2030 (USD Million)
- Table 6 Microplastic Recycling market estimates and forecasts, by consumer goods, 2018 - 2030 (USD Million)
- Table 7 Microplastic Recycling market estimates and forecasts, by textile, 2018 - 2030 (USD Million)
- Table 8 Microplastic Recycling market estimates and forecasts, by automotive & transportation, 2018 - 2030 (USD Million)
- Table 9 Microplastic Recycling market estimates and forecasts, by building & construction, 2018 - 2030 (USD Million)
- Table 10 Microplastic Recycling market estimates and forecasts, by others, 2018 - 2030 (USD Million)
- Table 11 North America Microplastic Recycling market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 12 North America Microplastic Recycling market estimates and forecasts, by Product, 2018 - 2030 (USD Million)
- Table 13 North America Microplastic Recycling market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
- Table 14 U.S. Microplastic Recycling market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 15 U.S. Microplastic Recycling market estimates and forecasts, by Product, 2018 - 2030 (USD Million)
- Table 16 U.S. Microplastic Recycling market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
- Table 17 Canada Microplastic Recycling market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 18 Canada Microplastic Recycling market estimates and forecasts, by Product, 2018 - 2030 (USD Million)
- Table 19 Canada Microplastic Recycling market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
- Table 20 Mexico Microplastic Recycling market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 21 Mexico Microplastic Recycling market estimates and forecasts, by Product, 2018 - 2030 (USD Million)
- Table 22 Mexico Microplastic Recycling market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
- Table 23 Europe Microplastic Recycling market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 24 Europe Microplastic Recycling market estimates and forecasts, by Product, 2018 - 2030 (USD Million)
- Table 25 Europe Microplastic Recycling market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
- Table 26 Germany Microplastic Recycling market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 27 Germany Microplastic Recycling market estimates and forecasts, by Product, 2018 - 2030 (USD Million)
- Table 28 Germany Microplastic Recycling market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
- Table 29 UK Microplastic Recycling market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 30 UK Microplastic Recycling market estimates and forecasts, by Product, 2018 - 2030 (USD Million)
- Table 31 UK Microplastic Recycling market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
- Table 32 France Microplastic Recycling market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 33 France Microplastic Recycling market estimates and forecasts, by Product, 2018 - 2030 (USD Million)
- Table 34 France Microplastic Recycling market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
- Table 35 Asia Pacific Microplastic Recycling market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 36 Asia Pacific Microplastic Recycling market estimates and forecasts, by Product, 2018 - 2030 (USD Million)
- Table 37 Asia Pacific Microplastic Recycling market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
- Table 38 China Microplastic Recycling market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 39 China Microplastic Recycling market estimates and forecasts, by Product, 2018 - 2030 (USD Million)
- Table 40 China Microplastic Recycling market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
- Table 41 Japan Microplastic Recycling market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 42 Japan Microplastic Recycling market estimates and forecasts, by Product, 2018 - 2030 (USD Million)
- Table 43 Japan Microplastic Recycling market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
- Table 44 India Microplastic Recycling market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 45 India Microplastic Recycling market estimates and forecasts, by Product, 2018 - 2030 (USD Million)
- Table 46 India Microplastic Recycling market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
- Table 47 Central & South America Microplastic Recycling market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 48 Central & South America Microplastic Recycling market estimates and forecasts, by Product, 2018 - 2030 (USD Million)
- Table 49 Central & South America Microplastic Recycling market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
- Table 50 Brazil Microplastic Recycling market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 51 Brazil Microplastic Recycling market estimates and forecasts, by Product, 2018 - 2030 (USD Million)
- Table 52 Brazil Microplastic Recycling market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
- Table 53 Middle East & Africa Microplastic Recycling market estimates and forecasts, 2018 - 2030 (USD Million)
- Table 54 Middle East & Africa Microplastic Recycling market estimates and forecasts, by Product, 2018 - 2030 (USD Million)
- Table 55 Middle East & Africa Microplastic Recycling market estimates and forecasts, by end-use, 2018 - 2030 (USD Million)
- Table 56 Company Heat Map Analysis
- Table 57 Key Companies Undergoing Expansions
- Table 58 Key Companies involved in M&As
- Table 59 Key Companies undergoing collaborations
- Table 60 Key Companies launching new products
- Table 61 Key Companies undertaking R&D activities
List of Figures
- Fig. 1 Information procurement
- Fig. 2 Primary research pattern
- Fig. 3 Primary Research Process
- Fig. 4 Market research approaches - Bottom-Up Approach
- Fig. 5 Market research approaches - Top-Down Approach
- Fig. 6 Market research approaches - Combined Approach
- Fig. 7 Market Snapshot 2022
- Fig. 8 Segment Snapshot(1/2)
- Fig. 9 Segment Snapshot(2/2)
- Fig. 10 Competitive Landscape Snapshot
- Fig. 11 Microplastic Recycling Market Segmentation
- Fig. 12 Global Plastics Market, 2018 - 2030 (USD Million)
- Fig. 13 Microplastic Recycling - Value Chain Analysis
- Fig. 14 Brent and WTI crude oil prices, 2022 (January to July), USD/Barrel
- Fig. 15 Microplastic Recycling Market: Porter's 5 Forces
- Fig. 16 Microplastic Recycling Market: PESTEL Analysis
- Fig. 17 Microplastic Recycling Market: Product Movement Analysis, 2022 & 2030
- Fig. 18 Microplastic Recycling Market: End-use Movement Analysis, 2022 & 2030
- Fig. 19 Microplastic Recycling Market: Region Movement Analysis, 2022 & 2030
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