Plastic recycling means reprocessing the scrap or waste plastic material into useful products. Plastics are inexpensive, lightweight and durable materials, which can readily be molded into a variety of products with a wide range of applications. Recycling of plastics is cost effective. A large amount of crude oil is required to make the production of virgin plastics, which is considerably expensive than recycling plastics. This has the positive influence on the plastic recycling market.
The global plastic recycling market is projected to grow at a CAGR of 6.5% from 2017 to 2023, to reach the market size of USD 53.72 billion by 2023.
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Key Players of Plastic Recycling Market:
- PLASgran Ltd. (U.K.)
- UltrePET, LLC. (U.S.)
- Kuusakoski Oy (Finland)
- Envision Plastics (U.S.)
- KW Plastics, Inc. (U.S.)
- Custom Polymers, Inc. (U.S.)
- Advanced Environmental Recycling Technologies, Inc. (U.S.)
- MBA Polymers UK Ltd. (U.K.)
- CarbonLITE Industries (U.S.)
- Green-O-Tech India (India)
Market Research Analysis:
On the basis of regions, the global plastic recycling market is segmented as North America, Europe, Asia-Pacific and RoW. Asia-Pacific region dominates the plastic recycling market. The demand of plastic recycling market in Asia-Pacific region is driven by the factors such as availability of cheap labors and relatively lenient governmental regulations. This region is expected to grow at the fastest pace during the forecast period.
Europe is another major market of plastic recycling mainly due to various environment protection laws and initiatives. North America is a major consumer of plastics. However, the recycling rateof this region is significantly low due to high dependence on Asia for plastic waste disposal.
1 Executive Summary
2 Research Methodology
2.1 Scope of the Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4 Global Plastic Recycling Market, By Material
4.1 Polyethylene terephthalate (PET)
4.2 High-density polyethylene (HDPE)
4.3 Polypropylene (PP)
4.4 Low-density polyethylene (LDPE)
5 Global Plastic Recycling Market, By Recycling Process
Scope of the Report:
This study provides an overview of the global plastic recycling market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific, and Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global plastic recycling market as material, recycling process and application.
- Polyethylene terephthalate (PET)
- High-density polyethylene (HDPE)
- Low-density polyethylene (LDPE)
- Polypropylene (PP)
By Recycling Process
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