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PUBLISHER: Polaris Market Research | PRODUCT CODE: 1346899
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1346899
Microplastic Recycling Market Share, Size, Trends, Industry Analysis Report, By Product (Primary, Secondary), By End-use (Packaging, Agriculture, Consumer Goods, Textile, Automotive & Transportation), By Region, And Segment Forecasts 2023 - 2032
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The global microplastic recycling market size is expected to reach USD 416.89 million by 2032, according to a new study by Polaris Market Research. The report "Microplastic Recycling Market Share, Size, Trends, Industry Analysis Report, By Product (Primary, Secondary), By End-use (Packaging, Agriculture, Consumer Goods, Textile, Automotive & Transportation), By Region, And Segment Forecasts 2019 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The market is poised for growth in the foreseeable future due to a confluence of factors such as increasing government regulations, rising environmental concerns, advancements in technology, growing consumer awareness, and the expanding utilization of microplastics across various industries. A key driver of this growth is the heightened consumer awareness regarding the detrimental impact of microplastics on both human health and the environment, leading to a surge in demand for microplastic recycling solutions.
Governments worldwide are also implementing stringent regulations and policies aimed at reducing plastic waste and promoting recycling practices, further bolstering the demand for microplastic recycling. Additionally, continuous advancements in sorting, separating, and recycling technologies specific to microplastics are contributing to the market's expansion.
The growing recognition among consumers regarding the detrimental impacts of microplastics on both human health and the environment is fueling the demand for microplastic recycling. Concurrently, governments worldwide are implementing stringent regulations and policies to mitigate plastic waste and encourage recycling practices, which are anticipated to further stimulate the demand for microplastic recycling solutions. Additionally, advancements in technology pertaining to the sorting, separation, and recycling of microplastics are playing a pivotal role in driving market growth. These technological innovations are enhancing the efficiency and effectiveness of microplastic recycling processes, thereby contributing to the expansion of the market.
There are certain challenges that impede the growth of the market, including inadequate infrastructure, constrained demand, the intricate nature of microplastic mixtures, and the high cost associated with recycling microplastics. At present, there is a limited market demand for recycled microplastics, posing a challenge for recycling companies to scale up their operations effectively. Moreover, the recycling of microplastics entails higher costs compared to conventional plastic recycling methods, thereby creating difficulties for recycling companies to maintain competitiveness in the market. The complex composition of microplastic mixtures further adds to the intricacy of the recycling process. These challenges need to be addressed to unlock the full potential of the market.
Microplastic Recycling Market Report Highlights
Secondary segment held the majority revenue share, owing to generation of huge waste from different industries
Packaging segment projected to grow at the fastest rate, owing to the use of the re-cycled micro-plastics, to reduce environment burden
North America held the largest share, owing to well-developed infrastructure, and investments in the sector
APAC is projected to grow at the fastest rate, owing to huge demand from manufacturing and allied industries, coupled with huge untapped region
The global key market players include: ECOFARIO, Ocean Diagnostics, Carbios, Calyxia, Polygonesystems, Purecycle Technologies, Ioniqa, PlanetCare, Oceanworks, and Matter.
Polaris Market Research has segmented the microplastic recycling market report based on product, end use, and region:
Microplastic Recycling, Product Outlook (Revenue - USD Million, 2019 - 2032)
- Primary
- Secondary
Microplastic Recycling, End Use Outlook (Revenue - USD Million, 2019 - 2032)
- Packaging
- Agriculture
- Consumer goods
- Textile
- Automotive & Transportation
- Building & Construction
- Others
Microplastic Recycling, Regional Outlook (Revenue - USD Million, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Product Code: PM3706
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Microplastic Recycling Market Insights
- 4.1. Microplastic Recycling Market - Industry Snapshot
- 4.2. Microplastic Recycling Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising implementation of regulations by governments worldwide
- 4.2.1.2. Increasing environmental concerns
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Limited Infrastructure and Collection
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Microplastic Recycling Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Microplastic Recycling Market, by Product
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Microplastic Recycling, by Product, 2019-2032 (USD Million)
- 5.3. Primary
- 5.3.1. Global Microplastic Recycling Market, by Primary, by Region, 2019-2032 (USD Million)
- 5.4. Secondary
- 5.4.1. Global Microplastic Recycling Market, by Secondary, by Region, 2019-2032 (USD Million)
6. Global Microplastic Recycling Market, by End Use
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- 6.3. Packaging
- 6.3.1. Global Microplastic Recycling Market, by Packaging, by Region, 2019-2032 (USD Million)
- 6.4. Agriculture
- 6.4.1. Global Microplastic Recycling Market, by Agriculture, by Region, 2019-2032 (USD Million)
- 6.5. Consumer goods
- 6.5.1. Global Microplastic Recycling Market, by Consumer goods, by Region, 2019-2032 (USD Million)
- 6.6. Textile
- 6.6.1. Global Microplastic Recycling Market, by Textile, by Region, 2019-2032 (USD Million)
- 6.7. Automotive & Transportation
- 6.7.1. Global Microplastic Recycling Market, by Automotive & Transportation, by Region, 2019-2032 (USD Million)
- 6.8. Building & Construction
- 6.8.1. Global Microplastic Recycling Market, by Building & Construction, by Region, 2019-2032 (USD Million)
- 6.9. Others
- 6.9.1. Global Microplastic Recycling Market, by Others, by Region, 2019-2032 (USD Million)
7. Global Microplastic Recycling Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Microplastic Recycling Market Assessment, By Geography, 2019-2032 (USD Million)
- 7.3. Microplastic Recycling Market - North America
- 7.3.1. North America: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- 7.3.2. North America: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- 7.3.3. Microplastic Recycling Market - U.S.
- 7.3.3.1. U.S.: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- 7.3.3.2. U.S.: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- 7.3.4. Microplastic Recycling Market - Canada
- 7.3.4.1. Canada: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- 7.3.4.2. Canada: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- 7.4. Microplastic Recycling Market - Europe
- 7.4.1. Europe: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- 7.4.2. Europe: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- 7.4.3. Microplastic Recycling Market - UK
- 7.4.3.1. UK: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- 7.4.3.2. UK: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- 7.4.4. Microplastic Recycling Market - France
- 7.4.4.1. France: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- 7.4.4.2. France: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- 7.4.5. Microplastic Recycling Market - Germany
- 7.4.5.1. Germany: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- 7.4.5.2. Germany: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- 7.4.6. Microplastic Recycling Market - Italy
- 7.4.6.1. Italy: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- 7.4.6.2. Italy: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- 7.4.7. Microplastic Recycling Market - Spain
- 7.4.7.1. Spain: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- 7.4.7.2. Spain: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- 7.4.8. Microplastic Recycling Market - Netherlands
- 7.4.8.1. Netherlands: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- 7.4.8.2. Netherlands: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- 7.4.9. Microplastic Recycling Market - Russia
- 7.4.9.1. Russia: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- 7.4.9.2. Russia: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- 7.5. Microplastic Recycling Market - Asia Pacific
- 7.5.1. Asia Pacific: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- 7.5.2. Asia Pacific: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- 7.5.3. Microplastic Recycling Market - China
- 7.5.3.1. China: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- 7.5.3.2. China: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- 7.5.4. Microplastic Recycling Market - India
- 7.5.4.1. India: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- 7.5.4.2. India: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- 7.5.5. Microplastic Recycling Market - Malaysia
- 7.5.5.1. Malaysia: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- 7.5.5.2. Malaysia: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- 7.5.6. Microplastic Recycling Market - Japan
- 7.5.6.1. Japan: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- 7.5.6.2. Japan: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- 7.5.7. Microplastic Recycling Market - Indonesia
- 7.5.7.1. Indonesia: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- 7.5.7.2. Indonesia: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- 7.5.8. Microplastic Recycling Market - South Korea
- 7.5.8.1. South Korea: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- 7.5.8.2. South Korea: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- 7.6. Microplastic Recycling Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- 7.6.2. Middle East & Africa: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- 7.6.3. Microplastic Recycling Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- 7.6.3.2. Saudi Arabia: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- 7.6.4. Microplastic Recycling Market - UAE
- 7.6.4.1. UAE: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- 7.6.4.2. UAE: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- 7.6.5. Microplastic Recycling Market - Israel
- 7.6.5.1. Israel: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- 7.6.5.2. Israel: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- 7.6.6. Microplastic Recycling Market - South Africa
- 7.6.6.1. South Africa: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- 7.6.6.2. South Africa: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- 7.7. Microplastic Recycling Market - Latin America
- 7.7.1. Latin America: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- 7.7.2. Latin America: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- 7.7.3. Microplastic Recycling Market - Mexico
- 7.7.3.1. Mexico: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- 7.7.3.2. Mexico: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- 7.7.4. Microplastic Recycling Market - Brazil
- 7.7.4.1. Brazil: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- 7.7.4.2. Brazil: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- 7.7.5. Microplastic Recycling Market - Argentina
- 7.7.5.1. Argentina: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- 7.7.5.2. Argentina: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. Calyxia
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Carbios
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. ECOFARIO
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Ioniqa
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. Matter
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Ocean Diagnostics
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. Oceanworks
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. PlanetCare
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Polygonesystems
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. Purecycle Technologies
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
Product Code: PM3706
List of Tables
- Table 1 Global Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- Table 2 Global Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- Table 3 Microplastic Recycling Market Assessment, By Geography, 2019-2032 (USD Million)
- Table 4 North America: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- Table 5 North America: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- Table 6 U.S.: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- Table 7 U.S.: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- Table 8 Canada: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- Table 9 Canada: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- Table 10 Europe: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- Table 11 Europe: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- Table 12 UK: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- Table 13 UK: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- Table 14 France: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- Table 15 France: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- Table 16 Germany: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- Table 17 Germany: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- Table 18 Italy: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- Table 19 Italy: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- Table 20 Spain: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- Table 21 Spain: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- Table 22 Netherlands: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- Table 23 Netherlands: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- Table 24 Russia: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- Table 25 Russia: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- Table 26 Asia Pacific: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- Table 27 Asia Pacific: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- Table 28 China: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- Table 29 China: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- Table 30 India: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- Table 31 India: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- Table 32 Malaysia: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- Table 33 Malaysia: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- Table 34 Japan: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- Table 35 Japan: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- Table 36 Indonesia: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- Table 37 Indonesia: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- Table 38 South Korea: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- Table 39 South Korea: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- Table 40 Middle East & Africa: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- Table 41 Middle East & Africa: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- Table 42 Saudi Arabia: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- Table 43 Saudi Arabia: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- Table 44 UAE: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- Table 45 UAE: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- Table 46 Israel: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- Table 47 Israel: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- Table 48 South Africa: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- Table 49 South Africa: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- Table 50 Latin America: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- Table 51 Latin America: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- Table 52 Mexico: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- Table 53 Mexico: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- Table 54 Brazil: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- Table 55 Brazil: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
- Table 56 Argentina: Microplastic Recycling Market, by End Use, 2019-2032 (USD Million)
- Table 57 Argentina: Microplastic Recycling Market, by Product, 2019-2032 (USD Million)
List of Figures
- Figure 1 Global Microplastic Recycling Market, 2019-2032 (USD Million)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Geography
- Figure 5 Porter's Five Forces
- Figure 6 Market by End Use
- Figure 7 Global Microplastic Recycling Market, by End Use, 2022 & 2032 (USD Million)
- Figure 8 Market by Product
- Figure 9 Global Microplastic Recycling Market, by Product, 2022 & 2032 (USD Million)
- Figure 10 Microplastic Recycling Market Assessment, By Geography, 2019-2032 (USD Million)
- Figure 11 Strategic Analysis - Microplastic Recycling Market
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