GMI Research expects the Global Recycled Plastics Market to be valued at USD 39.4 billion in 2018 and it is expected to reach USD 85.9 billion in 2026 growing at a compound annual growth rate of 10.5%.

Plastics are composed of a network of molecular monomers bounded together for the formation of macromolecules. The Plastic products ranges from containers (soft drinks bottles, lids, shampoo bottles, food packing) to durable goods (furniture, appliances and other materials). The Plastic Recycling refers to the procedure of recovering different types of plastic materials in order to reprocess them into varied other products. Plastic recycling helps in promoting proper utilization of recycled plastics while conserving the environment. With the growing usage and consumption of plastic, there is a major concern arising about the reuse, recycling and disposal methods of plastic.

To have an edge over the competition by knowing the market dynamics and current trends of “Global Recycled Plastics Market”, request for Sample Report here

The Global Recycled Plastics Market is primarily driven by the rising demand of decomposable plastic material, increasing number of plastic recycling programs and numerous plastic collection schemes running across different countries. In addition, the execution of recycled plastics directive policies and norms by the governments is encouraging to reuse and systemically recycle non-biodegradable constituents, thereby boosting the demand of the Global Recycled Plastics Market during the forecast period. With the increasing awareness, the plastic manufacturers are largely focusing on developing new recycling concepts to truncate greenhouse gas emission and maintain the environmental sustainability. Furthermore, the continuous technological innovation has led to faster energy conversion, thus enhancing the production of valuable low pollutants such as monomers or petrochemical feedstocks. These innovations will further drive the demand of the Global Recycled Plastics Market over the coming years.

Do you want to know more about the Research process and detailed Research Methodology, Request Research Methodology of this report

Polyethylene Terephthalate (PET) segment is projected to capture the highest market share during the forecast period owing to its remarkable properties such as high adaptability towards transformational technologies and cost-efficient recycling process, high mechanical strength, increased flexibility and good dimensional stability. In addition to this, Polyethylene Terephthalate (PET) finds extensive usage in various industries ranging from packaging, textiles, films to moulded parts for automotive and electronics.
Packaging segment is anticipated to dominate the market during the forecast period due to the massive usage of plastic materials in food & beverages and healthcare industries. Moreover, the consumer goods sector is driving the packaging segment owing to the increase in the consumption of processed and ready-to-eat food items offered by multiple retail shops and online stores.

Mechanical segment is expected to grow at the highest CAGR during the forecast period due to its several advantages such as lower price, easy availability and the wide range of equipment available for the mechanical pressing.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Customization here

Asia-Pacific region is expected to grow at the highest CAGR during the forecast period due to the increasing consumption of plastics in large populated countries such as China and India, high import of plastics and disposal laws pertaining to the disposal of waste. Moreover, Rest of the world is projected to grow at the second highest CAGR during the forecast period due to the increasing recycling process of different plastic materials followed by cheap labour.

Major key players in the Recycled Plastics Market include Seraphim Plastics, KW Plastics Inc., Custom Polymers Inc., Miller Waste Mills, Kuusakoski Group Oy, UltrePET LLC, Recyclex S.A., Envision Plastics, CarbonLITE Industries, Boer Group among others.

Key Developments:

• • In 2018, a new method of recycling magnetic imaging devices which is capable of separating electrolytic copper and niobium-titanium conductor has been developed by Kuusakoski Recycling Group Oy.
  • In 2017, Envision Plastics was acquired by a major packaging producer, Consolidated Container Co. which is again owned by Loews Corp. by a manufacturer of rigid plastic packaging in North America. Loews, a diversified company involved in a variety of industries, acquired CCC from Bain Capital Private Equity. The USD 1.2 billion deal was first announced in April 2017.
  • In 2016, UltraPET LLC announced successful start-up of solid waste polymerization system. Starlinger ViscoTEC solid state polycondensation system designed to produce up to 30 million pounds per year of high quality, virgin equivalent post-consumer resin for FDA approved applications in the food and beverage industry as well as other high-end markets.
  • In 2015, Adidas partnered with Parley for the Oceans to turn marine pollution like plastic bottles into shoes and sportswear.

The Global Recycled Plastics Market has been segmented based on Material type, End-Use Application, Method and Region. Based on Material Type, the market is segmented into Polypropylene (PP), Low-Density Polyethylene (LDPE), High-Density Polyethylene (HDPE), Polyvinyl Chloride (PVC), Polyurethane (PUR), Polystyrene (PS), Polyethylene Terephthalate (PET) and Others. Based on End-Use Application, the market is segmented into Packaging, Building & Construction, Textile & Clothing, Automotive, Furniture and Recycled Plastics in Other End-Use Applications. Based on Method, the market is segmented into Mechanical and Chemical.

For detailed scope of the “Global Recycled Plastics Market” report request a Sample Copy of the report

Key questions answered in this research report:

• • At what pace is the Global Recycled Plastics Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the Global Recycled Plastics Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenue and forecast breakdowns? Which are the major regional revenue pockets for growth in the Global Recycled Plastics Market?
  • What are the various End-use application areas of the Global Recycled Plastics Market and how they are poised to grow?

Report Coverage	Details
Market Base Year	2018
Market Forecast Period	2019-2026
Market Revenues Currency	USD Million
Base Year & Forecast Units	Value (USD Million)
Market Segment	By Material Type, By End-Use Application, By Method, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Seraphim Plastics, KW Plastics Inc., Custom Polymers Inc., Miller Waste Mills, Kuusakoski Group Oy, UltrePET LLC, Recyclex S.A., Envision Plastics, CarbonLITE Industries, Boer Group among others.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation:

Global Recycled Plastics Market by Material Type

• • Polypropylene (PP)
  • Low-Density Polyethylene (LDPE)
  • High-Density Polyethylene (HDPE)
  • Polyvinyl Chloride (PVC)
  • Polyurethane (PUR)
  • Polystyrene (PS)
  • Polyethylene Terephthalate (PET)
  • Others

Global Recycled Plastics Market by End-Use Application

• • Packaging
  • Building & Construction
  • Textile & Clothing
  • Automotive
  • Furniture
  • Recycled Plastics in Other End-Use Applications

Global Recycled Plastics Market by Method

• • Mechanical
  • Chemical

Global Recycled Plastics Market by Region

• • North America Global Recycled Plastics Market Option 1: As a part of the free 25% customization
    • By Material Type
    • By End-Use Application
    • By Method
    • United States Market All-Up
    • Canada Market All-Up

• • Europe Global Recycled Plastics Market Option 2: As a part of the free 25% customization
    • By Material Type
    • By End-Use Application
    • By Method
    • Spain Market All-Up
    • Germany Market All-Up
    • UK Market All-Up
    • France Market All-Up
    • Poland Market All-Up
    • Russia Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Global Recycled Plastics Market Option 3: As a part of the free 25% customization
    • By Material Type
    • By End-Use Application
    • By Method
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • South Korea Market All-Up
    • Indonesia Market All-Up
    • Australia Market All-Up
    • Rest of APAC Market All-Up
  • ROW Global Recycled Plastics Market Option 4: As a part of the free 25% customization
    • By Material Type
    • By End-Use Application
    • By Method
    • Brazil Market All-Up
    • Argentina Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • Rest of world Market All-Up

Leading market players (Option 5: Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Seraphim Plastics
  • KW Plastics Inc.
  • Custom Polymers Inc.
  • Miller Waste Mills
  • Kuusakoski Group Oy
  • UltrePET LLC
  • Recyclex S.A.
  • Envision Plastics
  • CarbonLITE Industries
  • Boer Group