China Taiwan Crises
Recycled Plastics Market

Recycled Plastics Market Size and Segment Market Segment 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), and by Regions | Global Market Forecast 2022-2028

Report Id: SNS/C&M/1729 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Recycled Plastics Market Size was valued at USD 29.59 billion in 2021, and is expected to reach USD 54.79 billion by 2028, and grow at a CAGR of  9.2 % over the forecast period 2022-2028. 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.

Recycled Plastics Market Revenue Graph

Market Dynamics:

Drivers:

  • Environmental protection

  • Increasing demands of Recycled Plastic

  • Rise in plastic trash

  • Government support for Recycling Plastic

Restraints:

  • Manufacturing costs have an impact on the pricing of recycled plastics.

Opportunity:

  • Recycled plastic is being used more frequently.

  • Manufacturers' demands have increased.

  • Techniques for reprocessing and recycling have changed.

Challenge:

  • 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.

Key Players:

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.

Market Segmentation:

By Source

  • Bottles

  • Films

  • Fibers

  • Foams

  • Others

By Type

  • Polyethylene Terephthalate (PET)

  • Polyethylene (PE)

  • Polyvinyl Chloride (PVC)

  • Polypropylene (PP)

  • Polystyrene (PS)

  • Others

By End-use Industry

  • Packaging

  • Building & Construction

  • Textile

  • Automotive

  • Electrical & Electronics

  • Others

Recycled Plastics Market Segment Pie Chart

Regional Analysis:

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.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The 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

Recycled Plastics Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 29.59 Billion
Market Size by 2028 US$ 54.79 Billion
CAGR CAGR of 9.2% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8.Recycled Plastics Market Segment, By Source

8.1 Bottles

8.2 Films

8.3 Fibers

8.4 Foams

8.5 Others

 

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)

9.6 Others

 

10.Recycled Plastics Market Segment, By End-use Industry

10.1 Packaging

10.2 Building & Construction

10.3 Textile

10.4 Automotive

10.5 Electrical & Electronics

10.6 Others

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

 

12. Company Profile

12.1 Dart Container Corporation

12.1.1 Financial

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

 

14. Conclusion

 

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Secondary Research

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