PUBLISHER: TechSci Research | PRODUCT CODE: 1294627
PUBLISHER: TechSci Research | PRODUCT CODE: 1294627
Plastic Recycling Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type, By Source, By End-User, By Region, and Competition
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Global Plastic Recycling Market is projected to grow at an impressive rate through 2028 due to growing environmental concerns. In 2021, the total consumption of plastic in India amounted to approximately 18 million tonnes.
Plastic can contribute to environmental pollution and litter. These impacts may endanger both people and the environment. Additionally, if plastic is used correctly, it might be a good use of resources instead of manufacturing new ones. Therefore, it makes sense to recycle and reuse plastic to reduce waste. Recycling plastic involves collecting used plastic waste and turning it into functional plastic items. Approximately trillion pounds of plastic are produced and used globally. This huge volume of plastic is recycled to guarantee that it is not wasted. As an alternative, you might reprocess the raw materials to create new goods. As per recent studies, if the business continues in the usual manner for virgin plastic, 7.7 billion metric tonnes of plastic are expected to be improperly disposed of, burned, or released into the environment, between now and 2040.
Action must be taken to minimize plastic manufacturing, primarily through innovation, better product design, and the creation of ecologically friendly alternatives, as well as initiatives to enhance waste management and boost recycling. Reducing pollution will require international cooperation by recycling plastic.
Revolutionary Technical Advancement for Sustainable Development
Most plastics used today are virgin or produced from gas or crude oil. From 2000 to 2019, there has been a four-fold rise in the amount of recycled, or secondary, plastics produced globally, yet this still accounts for only 6% of all plastics produced. More efforts are required to create a distinct and well-diversified market for recycled plastics, which could be considered as the substitute market for virgin plastic. It could be done by investing in an improvement in recycling technologies and setting recycling targets which will reflect more demand for recycled plastic, making it more competitive and profitable. According to recent studies, only 9% of plastic waste is recycled (15% is collected for recycling, but 40% is disposed of as residue). Another 19% is incinerated, 50% ends up in landfill, and 22% evades waste management systems and goes into uncontrolled dumpsites, is burned in open pits, or ends up in terrestrial or aquatic environments, especially in poorer countries.
Recent Developments
- In November 2022, LyondellBasell announced to build of an advanced recycling plant at Wesseling, Germany, site. This will be in collaboration with Moretec Technology, and this commercial-scale advanced recycling plant will convert pre-treated plastic waste into feedstock for new plastic production.
- In June 2021, L'Oreal announced the creation of the first cosmetic bottle made entirely of recycled plastic using Carbios' enzymatic technology and plans to begin mass-producing the bottles based on this game-changing invention in 2025. The first brand in the group to introduce a product in this futuristic bottle would be Biotherm.
Market Segmentation
Global Plastic Recycling market is segmented by type, source, method, and by end-user. Based on type, the market is divided into polyethylene terephthalate (PET), polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC), polystyrene (PS), and others. Based on source, the market is segmented into bottles, films, fibres, foams, and others. Based on the method, the market is segmented into thermal, chemical, mechanical, and landfill. Based on end-user, the market is segmented into packaging, building & construction, textile, automotive, electrical & electronics, and others.
Market Players
Veolia Environment S.A., Suez SA, BASF SE, B. Schoenberg & Co., Inc., KW Plastics, Republic Services, Inc., Waste Connections, Clean Harbors, Inc., Covestro AG, WM Intellectual Property Holdings, L.L.C are some of the key market players.
Report Scope
In this report, Global Plastic Recycling Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Plastic Recycling Market, By Type:
- Polyethylene Terephthalate (PET)
- Polyethylene (PE)
- Polypropylene (PP)
- Polyvinyl Chloride (PVC)
- Polystyrene (PS)
- Others
Plastic Recycling Market, By Source:
- Bottles
- Films
- Fibers
- Foams
- Others
Plastic Recycling Market, By Method:
- Thermal
- Chemical
- Mechanical
- Landfill
Plastic Recycling Market, By End-User:
- Packaging
- Building & Construction
- Textile
- Automotive
- Electrical & Electronics
- Others
Plastic Recycling Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- Germany
- United Kingdom
- Italy
- Spain
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Turkey
- Egypt
Competitive Landscape
Company Profiles: Detailed analysis of the major companies in Global Plastic Recycling Market.
Available Customizations
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Executive Summary
- 3.1. Overview of the Market
- 3.2. Overview of Key Market Segmentations
- 3.3. Overview of Key Market Players
- 3.4. Overview of Key Regions/Countries
- 3.5. Overview of Market Drivers, Challenges, and Trends
4. Voice of Customer
5. Global Plastic Recycling Market Outlook
- 5.1. Market Size & Forecast
- 5.1.1. By Value & Volume
- 5.2. Market Share & Forecast
- 5.2.1. By Type (Polyethylene Terephthalate (PET), Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polystyrene (PS) and Others)
- 5.2.2. By Source (Bottles, Films, Fibers, Foams and Others)
- 5.2.3. By Method (Thermal, Chemical, Mechanical, Landfill)
- 5.2.4. By End-User (Packaging, Building & Construction, Textile, Automotive, Electrical & Electronics and Others)
- 5.2.5. By Region (North America, Europe, Asia Pacific, South America, Middle East & Africa)
- 5.2.6. By Company (2022)
- 5.3. Market Map
- 5.3.1. By Type
- 5.3.2. By Source
- 5.3.3. By Method
- 5.3.4. By End-User
- 5.3.5. By Region
6. North America Plastic Recycling Market Outlook
- 6.1. Market Size & Forecast
- 6.1.1. By Value & Volume
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Source
- 6.2.3. By Method
- 6.2.4. By End-User
- 6.2.5. By Country
- 6.3. North America: Country Analysis
- 6.3.1. United States Plastic Recycling Market Outlook
- 6.3.1.1. Market Size & Forecast
- 6.3.1.1.1. By Value & Volume
- 6.3.1.2. Market Share & Forecast
- 6.3.1.2.1. By Type
- 6.3.1.2.2. By Source
- 6.3.1.2.3. By Method
- 6.3.1.2.4. By End-User
- 6.3.1.3. List of Recyclers/Plastic Waste Managers (Up to 10)
- 6.3.1.1. Market Size & Forecast
- 6.3.2. Mexico Plastic Recycling Market Outlook
- 6.3.2.1. Market Size & Forecast
- 6.3.2.1.1. By Value & Volume
- 6.3.2.2. Market Share & Forecast
- 6.3.2.2.1. By Type
- 6.3.2.2.2. By Source
- 6.3.2.2.3. By Method
- 6.3.2.2.4. By End-User
- 6.3.2.3. List of Recyclers/Plastic Waste Managers (Up to 10)
- 6.3.2.1. Market Size & Forecast
- 6.3.3. Canada Plastic Recycling Market Outlook
- 6.3.3.1. Market Size & Forecast
- 6.3.3.1.1. By Value & Volume
- 6.3.3.2. Market Share & Forecast
- 6.3.3.2.1. By Type
- 6.3.3.2.2. By Source
- 6.3.3.2.3. By Method
- 6.3.3.2.4. By End-User
- 6.3.3.3. List of Recyclers/Plastic Waste Managers (Up to 10)
- 6.3.3.1. Market Size & Forecast
- 6.3.1. United States Plastic Recycling Market Outlook
7. Europe Plastic Recycling Market Outlook
- 7.1. Market Size & Forecast
- 7.1.1. By Value & Volume
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Source
- 7.2.3. By Method
- 7.2.4. By End-User
- 7.2.5. By Country
- 7.3. Europe: Country Analysis
- 7.3.1. France Plastic Recycling Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.1.1. By Value & Volume
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Type
- 7.3.1.2.2. By Source
- 7.3.1.2.3. By Method
- 7.3.1.2.4. By End-User
- 7.3.1.3. List of Recyclers/Plastic Waste Managers (Up to 10)
- 7.3.1.1. Market Size & Forecast
- 7.3.2. Germany Plastic Recycling Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.1.1. By Value & Volume
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Type
- 7.3.2.2.2. By Source
- 7.3.2.2.3. By Method
- 7.3.2.2.4. By End-User
- 7.3.2.3. List of Recyclers/Plastic Waste Managers (Up to 10)
- 7.3.2.1. Market Size & Forecast
- 7.3.3. United Kingdom Plastic Recycling Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.1.1. By Value & Volume
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Type
- 7.3.3.2.2. By Source
- 7.3.3.2.3. By Method
- 7.3.3.2.4. By End-User
- 7.3.3.3. List of Recyclers/Plastic Waste Managers (Up to 10)
- 7.3.3.1. Market Size & Forecast
- 7.3.4. Italy Plastic Recycling Market Outlook
- 7.3.4.1. Market Size & Forecast
- 7.3.4.1.1. By Value & Volume
- 7.3.4.2. Market Share & Forecast
- 7.3.4.2.1. By Type
- 7.3.4.2.2. By Source
- 7.3.4.2.3. By Method
- 7.3.4.2.4. By End-User
- 7.3.4.3. List of Recyclers/Plastic Waste Managers (Up to 10)
- 7.3.4.1. Market Size & Forecast
- 7.3.5. Spain Plastic Recycling Market Outlook
- 7.3.5.1. Market Size & Forecast
- 7.3.5.1.1. By Value & Volume
- 7.3.5.2. Market Share & Forecast
- 7.3.5.2.1. By Type
- 7.3.5.2.2. By Source
- 7.3.5.2.3. By Method
- 7.3.5.2.4. By End-User
- 7.3.5.3. List of Recyclers/Plastic Waste Managers (Up to 10)
- 7.3.5.1. Market Size & Forecast
- 7.3.1. France Plastic Recycling Market Outlook
8. Asia-Pacific Plastic Recycling Market Outlook
- 8.1. Market Size & Forecast
- 8.1.1. By Value & Volume
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Source
- 8.2.3. By Method
- 8.2.4. By End-User
- 8.2.5. By Country
- 8.3. Asia-Pacific: Country Analysis
- 8.3.1. China Plastic Recycling Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.1.1. By Value & Volume
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Type
- 8.3.1.2.2. By Source
- 8.3.1.2.3. By Method
- 8.3.1.2.4. By End-User
- 8.3.1.3. List of Recyclers/Plastic Waste Managers (Up to 10)
- 8.3.1.1. Market Size & Forecast
- 8.3.2. India Plastic Recycling Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.1.1. By Value & Volume
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Type
- 8.3.2.2.2. By Source
- 8.3.2.2.3. By Method
- 8.3.2.2.4. By End-User
- 8.3.2.3. List of Recyclers/Plastic Waste Managers (Up to 10)
- 8.3.2.1. Market Size & Forecast
- 8.3.3. Japan Plastic Recycling Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.1.1. By Value & Volume
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Type
- 8.3.3.2.2. By Source
- 8.3.3.2.3. By Method
- 8.3.3.2.4. By End-User
- 8.3.3.3. List of Recyclers/Plastic Waste Managers (Up to 10)
- 8.3.3.1. Market Size & Forecast
- 8.3.4. South Korea Plastic Recycling Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.1.1. By Value & Volume
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Type
- 8.3.4.2.2. By Source
- 8.3.4.2.3. By Method
- 8.3.4.2.4. By End-User
- 8.3.4.3. List of Recyclers/Plastic Waste Managers (Up to 10)
- 8.3.4.1. Market Size & Forecast
- 8.3.5. Australia Plastic Recycling Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.1.1. By Value & Volume
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Type
- 8.3.5.2.2. By Source
- 8.3.5.2.3. By Method
- 8.3.5.2.4. By End-User
- 8.3.5.3. List of Recyclers/Plastic Waste Managers (Up to 10)
- 8.3.5.1. Market Size & Forecast
- 8.3.1. China Plastic Recycling Market Outlook
9. South America Plastic Recycling Market Outlook
- 9.1. Market Size & Forecast
- 9.1.1. By Value & Volume
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Source
- 9.2.3. By Method
- 9.2.4. By End-User
- 9.2.5. By Country
- 9.3. South America: Country Analysis
- 9.3.1. Brazil Plastic Recycling Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.1.1. By Value & Volume
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Type
- 9.3.1.2.2. By Source
- 9.3.1.2.3. By Method
- 9.3.1.2.4. By End-User
- 9.3.1.3. List of Recyclers/Plastic Waste Managers (Up to 10)
- 9.3.1.1. Market Size & Forecast
- 9.3.2. Argentina Plastic Recycling Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.1.1. By Value & Volume
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Type
- 9.3.2.2.2. By Source
- 9.3.2.2.3. By Method
- 9.3.2.2.4. By End-User
- 9.3.2.3. List of Recyclers/Plastic Waste Managers (Up to 10)
- 9.3.2.1. Market Size & Forecast
- 9.3.3. Colombia Plastic Recycling Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.1.1. By Value & Volume
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Type
- 9.3.3.2.2. By Source
- 9.3.3.2.3. By Method
- 9.3.3.2.4. By End-User
- 9.3.3.3. List of Recyclers/Plastic Waste Managers (Up to 10)
- 9.3.3.1. Market Size & Forecast
- 9.3.1. Brazil Plastic Recycling Market Outlook
10. Middle East and Africa Plastic Recycling Market Outlook
- 10.1. Market Size & Forecast
- 10.1.1. By Value & Volume
- 10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By Source
- 10.2.3. By Method
- 10.2.4. By End-User
- 10.2.5. By Country
- 10.3. MEA: Country Analysis
- 10.3.1. South Africa Plastic Recycling Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.1.1. By Value & Volume
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Type
- 10.3.1.2.2. By Source
- 10.3.1.2.3. By Method
- 10.3.1.2.4. By End-User
- 10.3.1.3. List of Recyclers/Plastic Waste Managers (Up to 10)
- 10.3.1.1. Market Size & Forecast
- 10.3.2. Saudi Arabia Plastic Recycling Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.1.1. By Value & Volume
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Type
- 10.3.2.2.2. By Source
- 10.3.2.2.3. By Method
- 10.3.2.2.4. By End-User
- 10.3.2.3. List of Recyclers/Plastic Waste Managers (Up to 10)
- 10.3.2.1. Market Size & Forecast
- 10.3.3. UAE Plastic Recycling Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.1.1. By Value & Volume
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Type
- 10.3.3.2.2. By Source
- 10.3.3.2.3. By Method
- 10.3.3.2.4. By End-User
- 10.3.3.3. List of Recyclers/Plastic Waste Managers (Up to 10)
- 10.3.3.1. Market Size & Forecast
- 10.3.4. Turkey Plastic Recycling Market Outlook
- 10.3.4.1. Market Size & Forecast
- 10.3.4.1.1. By Value & Volume
- 10.3.4.2. Market Share & Forecast
- 10.3.4.2.1. By Type
- 10.3.4.2.2. By Source
- 10.3.4.2.3. By Method
- 10.3.4.2.4. By End-User
- 10.3.4.3. List of Recyclers/Plastic Waste Managers (Up to 10)
- 10.3.4.1. Market Size & Forecast
- 10.3.5. Egypt Plastic Recycling Market Outlook
- 10.3.5.1. Market Size & Forecast
- 10.3.5.1.1. By Value & Volume
- 10.3.5.2. Market Share & Forecast
- 10.3.5.2.1. By Type
- 10.3.5.2.2. By Source
- 10.3.5.2.3. By Method
- 10.3.5.2.4. By End-User
- 10.3.5.3. List of Recyclers/Plastic Waste Managers (Up to 10)
- 10.3.5.1. Market Size & Forecast
- 10.3.1. South Africa Plastic Recycling Market Outlook
11. Market Dynamics
- 11.1. Drivers
- 11.2. Challenges
12. Market Trends & Developments
- 12.1. Merger & Acquisition
- 12.2. Product Launches
- 12.3. Recent Developments
13. Porters Five Forces Analysis
- 13.1. Competition in the Industry
- 13.2. Potential of New Entrants
- 13.3. Power of Suppliers
- 13.4. Power of Customers
- 13.5. Threat of Substitute Products
14. Competitive Landscape
- 14.1. Business Overview
- 14.2. Company Snapshot
- 14.3. Products & Services
- 14.4. Financials (As Reported)
- 14.5. Recent Developments
- 14.6. SWOT Analysis
- 14.6.1. Veolia Environment S.A.
- 14.6.2. Suez SA
- 14.6.3. BASF SE
- 14.6.4. B. Schoenberg & Co., Inc.
- 14.6.5. KW Plastics
- 14.6.6. Republic Services, Inc.
- 14.6.7. Waste Connections
- 14.6.8. Clean Harbors, Inc.
- 14.6.9. Covestro AG
- 14.6.10. WM Intellectual Property Holdings, L.L.C
15. Strategic Recommendations
