Recycled Plastic Market Rising in Packaging, Automotive, Electrical & Electronics Industries with Major Competitors Phoenix Technologies, Fresh Pak, MBA Polymers Inc, and Global Forecast to 2025

Recycled Plastic Market
Global Recycled Plastic Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market.

Global Recycled Plastic Market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of global functional beverages market for global, Europe, North America, Asia Pacific and South America.

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Global Recycled Plastic Market was valued at USD 36.52 Billion in 2017 and is projected to reach USD 58.64 Billion by 2025, at a CAGR of 7.1 % between 2017 and 2025. The upcoming market report contains data for historic years 2015 & 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.

Major Market Competitors/Players: Global Recycled Plastic Market

Some of the major players operating in the market are:-  

  • Replas,
  • Joe’s Plastics,
  • RJM International Inc.,
  • ULTRA-POLY,
  • Manhattan Theme on Genesis Framework,
  • PLASgran Ltd,
  • K K Asia (HK) Ltd,
  • PET Processors LLC,
  • CABKA Group,
  • Phoenix Technologies,
  • Fresh pak,
  • MBA Polymers Inc,
  • Veolia,
  • SUEZ worldwide,
  • Jayplas,
  • Green Line Polymers,
  • Clear Path Recycling,
  • CUSTOM POLYMERS,
  • Plastipak Holdings Inc. among others

Major Market Drivers:

  • Negative environmental impact of plastics disposal
  • Growing awareness regarding energy savings

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Market Definition: Global Recycled Plastic Market

Plastics are composed of polymers of organic materials. These organic materials are long chain of polymerization of polyethylene. Due to high malleability property plastics can be molded into different structures like such as extrusion, moulding, casting or spinning. The plastics used now a days have high strength to weight ratio, excellent thermal properties, electrical insulation, resistance to acids, alkalis and solvents. Plastic is made from non-renewable resource and non-biodegradable substances. Only few category of plastic can be recycled which includes Polyethylene, Polypropylene, Polystyrene, Polyvinyl chloride. Plastics are the most significant contributor to the energy content. To reduce the environmental impacts European legislature introduced different obligations like packaging and Packaging Waste Directive (94/62/EC), End-of-Life Vehicles Directive (2000/53/EC), Waste Electrical and Electronic Equipment Directive (2002/96/EC).

Market Segmentation: Global Recycled Plastic Market

The global recycled plastic is Segmented based on

  • Type,
  • Application,
  • End User Application and
  • Region.

Based on Type, the market is

  • Polyethylene Terephthalate,
  • Polyethylene,
  • Polypropylene,
  • Polyvinyl Chloride,
  • Polystyrene and other
  • Recycled Plastic.

Based on Source, the market is

  • Classified- Bottles,
  • Films,
  • Fibers,
  • Foams and other Recycled Plastic

On the basis of End User applications, the market is classified:-

  • Non-Food Contact Packaging Segment,
  • Food Contact Packaging,
  • Construction Segment,
  • Automotive Segment and other
  • Recycled Plastic

Based on Geography the Global recycled plastic market report covers data points for 28 countries across multiple geographies namely

  • North America &
  • South America,
  • Europe,
  • Asia-Pacific and,
  • Middle East & Africa.

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