Global Plastic Recycling Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global plastic recycling market in its upcoming report titled, “Global Plastic Recycling Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global plastic recycling market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global plastic recycling market report has been segmented on the basis of material, recycling process, source, application and region.

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This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Recycling is a form of waste management , involves conversion of waste plastic or scrap material into useful products. Plastic recycling helps to lessen the energy usage, water pollution and the air pollution which provides opportunity to reduce carbon dioxide emissions and the quantities of waste. Demand for plastics across various industry verticals and negative environmental impact of plastic disposal propel growth of the plastic recycling market. The great benefit of recycling waste material is that it plays a big part in minimizing global warming and its grave impacts. Realization for environmental protection among consumers is also adding to the market growth. Furthermore, the lack of awareness regarding recycled products may be restraining the market growth.

According to Organization for Economic Co-operation and Development (OECD), recycling rates across different polymers vary across different countries. PET and HDPE materials are mostly used for packaging being recycled at relatively high rates which in range between 19% to 85%, while polypropylene and polystyrene materials are much less recycled like 1% to 21%. Overall plastic recycling rates range from 30% in the EU to 10% in the United States. In many developing countries, uncontrolled waste collection and treatment is still prevalent.

Some associations such as Association of Plastic Recyclers (APR), Plastics Recyclers Europe (PRE) and Institute of Scrap Recycling Industries (ISRI) are responsible for promoting plastic recycling and other organizations to help in creating best possible environment for the plastic recycling industry. Technologies such as reliable detectors, sophisticated decision, and recognition software that can collectively enhance the productivity and accuracy of automatic sorting of plastics.

The global market can be segmented on the basis of geography into Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia Pacific is estimated to continue with its dominance over the period. Flourishing manufacturing sector, increasing consumer demand are expected to drive the industrialization in the region. Asia Pacific is the main importer of plastic scrap of recycling with China and India. Whereas, Europe is expected to show sturdy growth due to stringent laws related to the use of plastic in the region.

Global plastic recycling market segmentation:

Segmentation by Material:

• PET
• PP
• PVC
• Others

Segmentation by Recycling Process:

• Mechanical
• Chemical

Segmentation by Source:

• Bottles
• Films
• Foams
• Others

Segmentation by Application:

• Packaging
• Building & Construction
• Automotive
• Other

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa