Plastic Recycling Market 2022-2028

Description

List of Tables

Title:Global Plastic Recycling Market Size, Share, and Trends Analysis Report by Product Type (PE, PP, PVC, PET, Polystyrene, and Others) and By Application (Packaging, Construction, Electricals & Electronics, Automotive, Medical Device, and Others), Forecast Period (2022-2028).

The global plastic recycling market is anticipated to grow at a considerable CAGR of 8.8% during the forecast period. The growing public awareness and supportive government initiatives are the major factors driving the growth of the plastic recycling market. For instance, Coca-Cola started using recycled-PET packaging in all their small plastic bottles offered in Netherlands and Norway from May 2020. This report will further analyze all the primary as well as secondary factors that are directly or indirectly impacting the growth of the Plastic Recycling market.

The global plastic recycling market is segmented based on the type and vehicle type. Based on the product, the market is analyzed into PE, PP, PVC, PET, polystyrene, and others. Based on the application, the market is classified into packaging, construction, electrical & electronics, automotive, medical device, and others. These segments can also be customized as per the requested research requirements.

Geographically, the global plastic recycling market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. The market can also be analyzed for a particular region or country level as per the requirement. The European region holds the major share in the plastic recycling market. Germany and the UK are the major contributing nations in this regional market. In 2018, 3.1 and 2.3 million tons of plastic post-consumer packaging waste respectively were collected through official schemes in Germany and the UK for its treatment. From 2006 to 2018, the volume of plastic packaging waste in landfills decreased by 75% and 77% in both countries.

The major companies serving the global plastic recycling market include Phoenix Technologies International LLC, Waste Connections Inc., Addonn Polycomponds Pvt. Ltd., Gravita India Ltd., Mohawk Industries Inc., RJM International Inc., and Envision Plastics Industries LLC, among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance-

Mura Technology, a UK-based plastic recycling service provider, started a commercial-scale recycling plant in May 2021 that uses chemical recycling and generates a profit in Teesside, northeast England.

RAMPF Eco Solutions and Keil Anlagenbau GmBH & Co. KG partnered in February 2018, to design a multi-functional polyol production plant in Dubai, UAE. This plant is anticipated to manufacture high-quality polyols from on-site PU/PIR waste materials, thereby aiding the company in lowering costs and reducing the waste generation volume at the site.

Research Methodology

The market study of the global plastic recycling market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include:

Financial reports of companies involved in the market.

Whitepapers, research papers, and news blogs.

Company websites and their product catalog.

The report provides an in-depth analysis of the market size and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

Global Plastic Recycling Market Research and Analysis by Product Type.
Global Plastic Recycling Market Research and Analysis by Application.

The Report Covers:

Comprehensive research methodology of the global plastic recycling market.
This report also includes a detailed and extensive market overview with key analyst insights.
An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
Analysis of regional regulations and other government policies impacting the global plastic recycling market.
Insights about market determinants that are stimulating the global plastic recycling market.
Detailed and extensive market segments with the regional distribution of forecasted revenues.
Extensive profiles and recent developments of market players.

Product Code: OMR2026823

1. Report Summary

Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
- 1.2.1. By Segments
- 1.2.2. By Region

2. Market Overview and Insights

2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
- 2.2.1. Key Findings
- 2.2.2. Recommendations
- 2.2.3. Conclusion

3. Competitive Landscape

3.1. Key Company Analysis
- 3.1.1. Overview
- 3.1.2. Financial Analysis
- 3.1.3. SWOT Analysis
- 3.1.4. Recent Developments
3.2. Key Strategy Analysis

4. Market Segmentation

4.1. Global Plastic Recycling Market by Product Type
- 4.1.1. Polyethylene (PE)
- 4.1.2. Polypropylene (PP)
- 4.1.3. Polyvinyl Chloride (PVC)
- 4.1.4. Polyethylene Terephthalate (PET)
- 4.1.5. Polystyrene
- 4.1.6. Others
4.2. Global Plastic Recycling Market by Application
- 4.2.1. Packaging
- 4.2.2. Construction
- 4.2.3. Electricals & Electronics
- 4.2.4. Automotive
- 4.2.5. Medical Device
- 4.2.6. Others

5. Regional Analysis

5.1. North America
- 5.1.1. US
- 5.1.2. Canada
5.2. Europe
- 5.2.1. UK
- 5.2.2. Germany
- 5.2.3. Italy
- 5.2.4. Spain
- 5.2.5. France
- 5.2.6. Rest of Europe
5.3. Asia-Pacific
- 5.3.1. China
- 5.3.2. India
- 5.3.3. Japan
- 5.3.4. Rest of Asia-Pacific
5.4. Rest of the World

6. Company Profiles

6.1. Addonn Polycomponds Pvt. Ltd.
6.2. Advanced Environmental Recycling Technologies Inc.
6.3. B. Schoenberg & Co.
6.4. Bingo Industries, Ltd.
6.5. Clean Tech Inc.
6.6. Covanta Energy Corp.
6.7. Custom Polymers, Inc.
6.8. DS Smith Plc
6.9. Eastman Chemical Co.
6.10. Envision Plastics Industries LLC
6.11. Fresh Pak Corp.
6.12. Gravita India, Ltd.
6.13. Kuusakoski Group Oy
6.14. KW Plastics
6.15. MBA Polymers Inc.
6.16. Mohawk Industries, Inc.
6.17. Phoenix Technologies International LLC
6.18. Plastipak Packaging, Inc.
6.19. RJM International, Inc.
6.20. Stericycle, Inc.
6.21. Terracycle US, Inc.
6.22. Ultra Poly Corp.
6.23. Vikoz Enterprises, Inc.
6.24. Waste Connections Inc.
6.25. Waste Management, Inc.