PUBLISHER: Lucintel | PRODUCT CODE: 1455973
PUBLISHER: Lucintel | PRODUCT CODE: 1455973
Microplastic Recycling Trends and Forecast
The future of the global microplastic recycling market looks promising with opportunities in the packaging, agriculture, consumer good, textile, automotive & transportation, and building & construction markets. The global microplastic recycling market is expected to reach an estimated $0.4 billion by 2030 with a CAGR of 6.5% from 2024 to 2030. The major drivers for this market are growing oceanic plastic pollution is affecting aquatic life and increasing demand for recycled materials in various industries.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Microplastic Recycling by Segment
The study includes a forecast for the global microplastic recycling by product type, end use, and region.
List of Microplastic Recycling Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies microplastic recycling companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the microplastic recycling companies profiled in this report include-
Microplastic Recycling Market Insights
Lucintel forecasts that secondary will remain the larger segment over the forecast period.
Within this market, packaging will remain the largest segment due to substantial use of recycled microplastics in this sector to obtain sustainable and eco-friendly packaging solutions.
Europe will remain the largest region over the forecast period due to existence of stringent guidelines for waste management and the use of single-use plastics and presence of key manufacturers in the region.
Features of the Global Microplastic Recycling Market
Market Size Estimates: Microplastic recycling market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Microplastic recycling market size by product type, end use, and region in terms of value ($B).
Regional Analysis: Microplastic recycling market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product types, end uses, and regions for the microplastic recycling market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the microplastic recycling market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the microplastic recycling market size?
Answer: The global microplastic recycling market is expected to reach an estimated $0.4 billion by 2030.
Q2. What is the growth forecast for microplastic recycling market?
Answer: The global microplastic recycling market is expected to grow with a CAGR of 6.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the microplastic recycling market?
Answer: The major drivers for this market are growing oceanic plastic pollution is affecting aquatic life and increasing demand for recycled materials in various industries.
Q4. What are the major segments for microplastic recycling market?
Answer: The future of the microplastic recycling market looks promising with opportunities in the packaging, agriculture, consumer good, textile, automotive & transportation, and building & construction markets.
Q5. Who are the key microplastic recycling market companies?
Answer: Some of the key microplastic recycling companies are as follows:
Q6. Which microplastic recycling market segment will be the largest in future?
Answer: Lucintel forecasts that secondary will remain the larger segment over the forecast period.
Q7. In microplastic recycling market, which region is expected to be the largest in next 5 years?
Answer: Europe will remain the largest region over the forecast period due to existence of stringent guidelines for waste management and the use of single-use plastics and presence of key manufacturers in the region.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.