Report Id: SNS/C&M/1729 | June 2022 | Region: Global | 125 Pages
Report Scope & Overview:
Recycled Plastics Market Size was valued at USD 32.31 billion in 2022, and is expected to reach USD 65.33 billion by 2030, and grow at a CAGR of 9.2 % over the forecast period 2023-2030. Because the general population is becoming more aware of environmental issues, the plastic recycling sector is quickly gaining traction. Plastic recycling is spreading over the world thanks to government restrictions and protection standards. The loss of natural resources as a result of heavy use and dumping of plastics in the ocean is putting a lot of strain on the environment.
Increasing demands of Recycled Plastic
Rise in plastic trash
Government support for Recycling Plastic
Manufacturing costs have an impact on the pricing of recycled plastics.
Recycled plastic is being used more frequently.
Manufacturers' demands have increased.
Techniques for reprocessing and recycling have changed.
Ban on its scrap imports.
Increased need for more efficient and advanced recycling technologies and innovations.
Impact of Covid-19:
The latest coronavirus (COVID-19) pandemic started in Wuhan, China, and has now spread to every major economy on the planet. European countries such as Italy, Spain, France, and Germany; North American countries such as the United States; Asia Pacific countries such as China, India, South Korea, Taiwan; Australia; and Middle Eastern countries such as Saudi Arabia and the United Arab Emirates are among the worst-affected economies. Because the majority of recycled plastic services, solutions, and product providers are headquartered in these countries, COVID-19 has had an impact on the recycled plastic market.
As a result of the increase in at-home deliveries as a result of social distance, the packaging rate has increased. The recycling market is drying up as a result of statewide lockdowns, and informal waste pickers, who play an important role in waste management, have been unable to supply recyclers with raw materials or locate recyclers prepared to buy their goods.
Dart Container Corporation, B & B Plastics Inc., Plasgran Ltd., Custom Polymer, Inc., Viridor Waste Management Ltd., KW Plastics, Dart Container Corporation, Kuusakoski Recycling Ltd., Centrifore Products Ltd., CarbonLite Industries LLC, Dart Container Corporation, and other players.
Polyethylene Terephthalate (PET)
Polyvinyl Chloride (PVC)
By End-use Industry
Building & Construction
Electrical & Electronics
Since 2018, the Asia-Pacific region has dominated the plastic recycling market. This is because the number of small enterprises is increasing, as is their relevance in the market. Furthermore, the region imports and recycles waste plastic, as well as converting it for important applications. The availability of low-cost labour and significant industrial locations in nations such as China are seen as major drivers of the region's plastic recycling industry growth. The Asia-Pacific region's overall growth of the plastic recycling sector is being influenced by the region's heavy use of automobile industries and industrialization.
European countries, on the other hand, are experiencing a faster development rate in the plastic recycling business as a result of the constraints and rigorous regulations governing plastic waste. According to figures from European countries, about 4.4 million tonnes of plastic garbage is generated each year in Europe, with landfills becoming landfills over time. As a result of these charges, the European government has increased its recycling efforts and increased awareness among industrial sectors.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 32.31 Billion|
|Market Size by 2030||US$ 65.33 Billion|
|CAGR||CAGR of 9.2% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Source (Bottles, Films, Fibers, Foams, Others)
• By Type (PET, PE, PVC, PP, PS, Others)
• By End-use Industry (Packaging, Building & Construction, Textile, Automotive, Electrical & Electronics, Others)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Dart Container Corporation, B & B Plastics Inc., Plasgran Ltd., Custom Polymer, Inc., Viridor Waste Management Ltd., KW Plastics, Dart Container Corporation, Kuusakoski Recycling Ltd., Centrifore Products Ltd., CarbonLite Industries LLC, Dart Container Corporation, and other players.|
|DRIVERS||• Environmental protection
• Increasing demands of Recycled Plastic
• Rise in plastic trash
|Restraints||• Manufacturing costs have an impact on the pricing of recycled plastics.|
Frequently Asked Questions (FAQ) :
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Dart Container Corporation, B & B Plastics Inc., Plasgran Ltd., Custom Polymer, Inc., Viridor Waste Management Ltd., KW Plastics, Dart Container Corporation, Kuusakoski Recycling Ltd., Centrifore Products Ltd., CarbonLite Industries LLC and Dart Container Corporation.
Ans: Packaging, Building & Construction, Textile, Automotive, Electrical & Electronics and Others are the sub-segments of by end user segment.
Ans: Recycled plastic is being used more frequently, Manufacturers' demands have increased and Techniques for reprocessing and recycling have changed are the opportunity for Recycled Plastics Market.
Ans: Recycled Plastics Market Size was valued at USD 29.59 billion in 2021, and expected to reach USD 54.79 billion by 2028, and grow at a CAGR of 9.2 % over the forecast period 2022-2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
126.96.36.199 United Kingdom
188.8.131.52 South Korea
184.108.40.206 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Recycled Plastics Market Segment, By Source
9.Recycled Plastics Market Segment, By Type
9.1 Polyethylene Terephthalate (PET)
9.2 Polyethylene (PE)
9.3 Polyvinyl Chloride (PVC)
9.4 Polypropylene (PP)
9.5 Polystyrene (PS)
10.Recycled Plastics Market Segment, By End-use Industry
10.2 Building & Construction
10.5 Electrical & Electronics
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profile
12.1 Dart Container Corporation
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 B & B Plastics Inc.
12.3 Plasgran Ltd.
12.4 Custom Polymer, Inc.
12.5 Viridor Waste Management Ltd.
12.6 KW Plastics
12.7 Dart Container Corporation
12.8 Kuusakoski Recycling Ltd.
12.9 Centrifore Products Ltd.
12.10 CarbonLite Industries LLC
12.11 Dart Container Corporation
13. Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
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