Recycled Plastics Industry Is Expected To Breed Due To Rising Product Demand From Various Application Industries
Recycled Plastics Industry Data Book Covers Recycled Polyethylene, Recycled Polyethylene Terephthalate (rPET), Recycled Polypropylene, Recycled Polyvinyl Chloride (PVC) and Recycled Polystyrene Markets.
The economic value generated by the recycled plastics industry was estimated at approximately USD 47.61 Billion in 2022.
Access the Global Recycled Plastics Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies.
Recycled Polyethylene Terephthalate Market Growth & Trends
The global recycled polyethylene terephthalate market size is expected to reach USD 18.46 billion by 2030, expanding at a 9.2% CAGR from 2023 to 2030, according to a new study by Grand View Research, Inc. The developing beverage industry in Asia Pacific countries such as China, Japan, India, Vietnam, South Korea, and the Philippines as well as increasing demand for recycled polyethylene terephthalate (rPET) in the non-food sector is expected to boost the global market over the forecast period.
Recycled PET (rPET) is a synthetic material produced from recycled PET products that have a wide range of applications. The resins are made from post-consumer PET bottle scrap, which are one of the most durable types of PET recycling.
Clear dominated the Recycled Polyethylene Terephthalate (rPET) market in 2022, and the product is likely to continue its dominance in the global market due to increasing demand for bottles and sheets. Clear recycled PET is extensively used in a variety of applications, including resin and fiber manufacturing.
Rising awareness about the sustainability of natural resources in the developing countries of North America and Europe is anticipated to have a positive influence on the demand for recycled PET over the forecast period.
Order your copy of Free Sample of “Recycled Plastics Industry Data Book - Recycled Polyethylene, Recycled Polyethylene Terephthalate (rPET), Recycled Polypropylene, Recycled Polyvinyl Chloride (PVC) and Recycled Polystyrene Market Size, Share, Trends Analysis, And Segment Forecasts, 2023 - 2030” Data Book, published by Grand View Research
Recycled Polyethylene Market Growth & Trends
Polyethylene includes high-density polyethylene (HDPE) and low-density polyethylene (LDPE). Polyethylene dominated the recycled plastics market in 2022 and is estimated to maintain its dominance over the forecast period. This can be attributed to the rising consumption of polyethylene for producing reusable bags, agriculture films, toys, milk bottles, housewares, containers, shampoo bottles, trays, food packaging films, and toys. Furthermore, properties such as excellent solvent resistance, high tensile strength, flexibility, toughness, and relative transparency drive the demand for polyethylene in the recycled plastics market. Recycled HDPE is mainly used to manufacture milk cartons, cutting boards, garbage bins, pens, plastics, fencing, tables, lumber, and bottles. Recycled HDPE offers stiffness with a highly crystalline structure and high density. LDPE waste is mainly generated from household products such as grocery bags, squeezable bottles, plastic wraps, and frozen food containers. Recycled LDPE produces bubble wraps, furniture, garbage cans, and floorings.
Recycled Polypropylene Market Growth & Trends
Polypropylene offers excellent chemical and mechanical properties, which make it suitable for use in various industries such as automotive, packaging & labeling, and medical devices. Recycled polypropylene is also used to manufacture battery cases, signal lights, battery cables, brooms and brushes, ice scrapers, kitchen utensils, plastic lumber, outdoor rugs, and oil funnels.
Go through the table of content of Recycled Plastics Industry Data Book to get a better understanding of the Coverage & Scope of the study.
Competitive Landscape
Key players operating in the Recycled Plastics Industry are –
• Biffa
• Placon
• Clear Path Recycling LLC
• Verdeco Recycling, Inc.
• Indorama Ventures Public Ltd.
• Zhejiang Anshun Pettechs Fibre Co., Ltd.
• PolyQuest
• Evergreen Plastics, Inc.
• Phoenix Technologies
• Libolon
Grand View Research’s Recycled Plastics industry data book is a collection of market sizing information & forecasts, regulatory data, competitive benchmarking analyses, macro-environmental analyses, and technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.
Check out more Industry Data Books, published by Grand View Research
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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