Plastic Recycling Market is estimated to grow at a CAGR of over 8.72% During 2024-30

Global Quick Overview of the Plastic Recycling Market Analysis

The objective of the Global Plastic Recycling Market Research Report is to provide a detailed and useful data, and a geographical perspective for predictions of future. The recommendations included in the report are supposed to be insightful and actionable, offering a thorough understanding of the industry. Moreover, it includes a comprehensive table of contents, relevant data, and an analysis of numerous important aspects that have impacted the market.

According to the latest report analysis by MarkNtel Advisors, the Global Plastic Recycling Market size is valued at nearly USD 32.9 billion in 2023 & is predicted to reach about USD 59.23 billion by 2030. Along with this, the market is also estimated to grow at a CAGR of about 8.72% during the forecast period, i.e., 2024-30. This detailed study provides a detailed overview of the current market state, including market trends, opportunities, along with the recent developments. In-depth analysis of market share, size, forecast, and competitive landscape is also covered in this report that presents a clear picture of the industry with relevant statistical data.

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A Detailed Outlook of Plastic Recycling Market Segmentation

The Market Segmentation analysis provides and accurate data of the industry to help the analysts make smart strategic investment decisions. Also, the prediction of the market is included for national, and level in the research. The study analyses latest trends of the industry from 2024-30 for each of the category. Different segments were used to classify the market for this study are listed below:

-By Source

Bottles- Market Size & Forecast 2019-2030, USD Million
Films- Market Size & Forecast 2019-2030, USD Million
Fibers- Market Size & Forecast 2019-2030, USD Million
Foams- Market Size & Forecast 2019-2030, USD Million

-By Plastic Type

Polyethylene Terephthalate (PET) - Market Size & Forecast 2019-2030, USD Million
Polyethylene (PE)- Market Size & Forecast 2019-2030, USD Million
Polypropylene (PP)- Market Size & Forecast 2019-2030, USD Million
Polyvinyl Chloride (PVC)- Market Size & Forecast 2019-2030, USD Million
Polystyrene (PS)- Market Size & Forecast 2019-2030, USD Million

-By Type

Post-consumer Recyclates- Market Size & Forecast 2019-2030, USD Million
Industrial Recyclates- Market Size & Forecast 2019-2030, USD Million

-By Process

Mechanical Recycling - Market Size & Forecast 2019-2030, USD Million
Chemical Recycling - Market Size & Forecast 2019-2030, USD Million

-By Application

Packaging- Market Size & Forecast 2019-2030, USD Million
Building & Construction- Market Size & Forecast 2019-2030, USD Million
Textiles- Market Size & Forecast 2019-2030, USD Million
Automotive- Market Size & Forecast 2019-2030, USD Million
Electrical & Electronics- Market Size & Forecast 2019-2030, USD Million

Geographical Analysis:

-By Region

North America
South America
Europe
The Middle East & Africa
Asia-Pacific

The Asia-Pacific region is poised to hold its dominance in the Global Plastic Recycling Market throughout the forecast period. This position is primarily attributed to the substantial generation of plastic waste in the region, coupled with the growing number of government initiatives across many countries to address the escalating concerns related to plastic waste & the imperative to promote recycling. As per projections by the United Nations, plastic waste generation in the Asia-Pacific region is anticipated to reach approximately 140 million tons by 2030.

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Lead the Plastic Recycling Market with a Deep Evaluation of the Competition

This report also includes accurate facts, figures, and market data into income assessments, and projections in the industry by using a wide range of statistical tools and knowledge about the market by the experts. Each notable market participant has a SWOT evaluation, a profile and a complementary Porter’s Five Forces analysis.

Moreover, to take the benefits of new opportunities, dominating players have been constantly realigning their systems, and methods of operation. We also evaluate major businesses that are influences on a geographical scale along with the small and medium-sized businesses that plays crucial role and have substantial opportunity for expansion in order to accurately reflect the levels of market competition.

The details on the following key players is presented in this section as:

Veolia
Suez
KW Plastic
Jayplas
Schoenberg & Co.
B&B Plastics
Green Line Polymers
Clear Path Recycling
Custom Polymers
Plastipak Holdings.
Others

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Global Plastic Recycling Industry Recent Development:

2023: Veolia and Lyondell Basell restructure their plastics recycling joint venture QCP to build a profitable circular and low carbon solutions business, to meet customer demand for more sustainable products and solutions.
2023: SUEZ, SK Geo Centric, and Loop Industries identified a location for their collaborative plastic recycling facility in Saint-Avold, France. This plant is dedicated to the production of 100% recycled PET resin, which maintains a virgin-quality and is infinitely recyclable.

Key Report Highlights

Market Dimensions & Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

Why choose MarkNtel?

MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.