Recycled Plastics Market Status (2017-2021) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2022-2028
Report Description
The global Recycled Plastics market was worth USD 26,177.6 million in 2021 and is expected to be worth USD 45,500.8 million by 2028, growing at a CAGR of 11.5% between 2022 and 2028.
Scrap or waste plastic materials that are transformed into useable items are referred to as recycled plastic. Because the majority of polymer materials are non-biodegradable, recycling these materials is the solution to reducing the polymer burden on the environment.
Market Trends
The need for recycled materials is increasing in a variety of industries, including food and beverage and consumer goods. Because of the rising demand for food-safe packaging material, the use of recyclable polymer is expanding in the food and beverage industry. Recycled polyethylene terephthalate is a material that is widely used in the production of bottles for water and beverage packaging. Recycled polymer is used in the packaging of products such as sports equipment, fashion accessories, and toys, in addition to food and beverage packaging, to help increase the product's longevity. Owing to their non-reactive nature, these polymers have seen increased demand in the packaging of items such as surfactants, soaps, and shampoos. The expansion of the recycled plastics industry will be aided by the increasing use of recycled plastics in the creation of consumer goods packaging.
In addition, increased restrictions on the use of single-use polymers, as well as steps launched by governments in Europe, China, India, and Brazil, are expected to encourage recycling. For example, the European Union intends to outlaw single-use polymer products beginning in 2021. Furthermore, the transition of end-use sectors, particularly packaging and consumer goods, to sustainable or recyclable materials will fuel market growth.
Segmentation Insights
The market is divided into food packaging, non-food packaging, automotive, and construction based on application.
Because of the increasing demand for recycled PET for producing bottles and other packaging products like films and wraps, the non-food packaging category is anticipated to capture the maximum share during the projection period. These polymers are often less expensive than virgin plastics, which increases demand for packaging goods manufacturing.
Competitive Insights
The market is fragmented due to the presence of various producers competing on price. Companies are actively developing novel products and technologies, and improving operations planning by lowering recycling costs. For instance, Nestle announced CHF 2 billion, a commitment to transition from virgin polymers to food-grade recycled plastics. This will help to accelerate the development of novel, long-term packaging solutions.
Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products etc.):
- KW Plastics
- Veolia
- Custom Polymers
- Plastipak Holdings
- The Coca-Cola Company Incorporated
- Suez
- B. Schoenberg & Co.
- Fresh Pak Corporation
- B&B Plastics
- Green Line Polymers
- Ultra Poly Corporation
- Clear Path Recycling
- Jayplas
- MBA Polymers
- RJM International Inc.
- CarbonLite Industries LLC
Product Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):
- Polyethylene terephthalate (PET)
- High-density polyethylene (HDPE)
- Polypropylene (PP)
- Low-density polyethylene (LDPE)
- Others
Application Coverage (Market Size & Forecast, Main Consumer Analysis etc.):
- Non-food packaging
- Food packaging
- Construction
- Automotive
- Others
Region Coverage (Regional Consumption, Demand & Forecast by Countries etc.):
- North America (U.S., and Canada)
- Europe (Germany, U.K., France, Italy, Spain etc.)
- Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
- South America (Brazil, Mexico, Argentina etc.)
- Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa etc.)
Table Of Content
1. Recycled Plastics Market Overview
1.1. Product Overview and Scope of Recycled Plastics
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global Recycled Plastics Market Size Growth Rate Analysis by Product Type 2021 VS 2028
1.3.1. Polyethylene terephthalate (PET)
1.3.2. High-density polyethylene (HDPE)
1.3.3. Polypropylene (PP)
1.3.4. Low-density polyethylene (LDPE)
1.3.5. Others
1.4. Global Recycled Plastics Consumption Comparison by Application: 2021 VS 2028
1.4.1. Non-food packaging
1.4.2. Food packaging
1.4.3. Construction
1.4.4. Automotive
1.4.5. Others
1.5. Global Recycled Plastics Market Size Estimates and Forecasts by Region: 2021 VS 2028
1.5.1. North America Recycled Plastics Estimates
1.5.2. Europe Recycled Plastics Estimates
1.5.3. China Recycled Plastics Estimates
1.5.4. Japan Recycled Plastics Estimates
2. Market Competition by Manufacturers
2.1. Global Recycled Plastics Revenue Market Share by Manufacturers (2020)
2.2. Recycled Plastics Market Share by Company Mobility Type (Tier 1, Tier 2 and Tier 3)
2.3. Global Recycled Plastics Average Price by Manufacturers (2017-2021)
2.4. Manufacturers Recycled Plastics Production Sites, Area Served, Product Types
2.5. Recycled Plastics Market Competitive Situation and Trends
2.5.1. Recycled Plastics Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global Recycled Plastics Consumption by Region (2017-2021)
3.1. Global Recycled Plastics Consumption by Region
3.2. Global Recycled Plastics Consumption Market Share by Region
3.2.1. North America
3.2.2. North America Recycled Plastics Consumption Growth Rate (2017-2021)
3.2.3. North America Recycled Plastics Consumption, Price and Gross Margin (2017-2021)
3.2.4. North America Recycled Plastics Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe Recycled Plastics Consumption Growth Rate (2017-2021)
3.2.7. Europe Recycled Plastics Consumption, Price and Gross Margin (2017-2021)
3.2.8. Europe Recycled Plastics Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific Recycled Plastics Consumption Growth Rate (2017-2021)
3.2.11. Asia Pacific Recycled Plastics Consumption, Price and Gross Margin (2017-2021)
3.2.12. Asia Pacific Recycled Plastics Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. South Korea
3.2.13. South America
3.2.14. South America Recycled Plastics Consumption Growth Rate (2017-2021)
3.2.15. South America Recycled Plastics Consumption, Price and Gross Margin (2017-2021)
3.2.16. South America Recycled Plastics Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa Recycled Plastics Consumption Growth Rate (2017-2021)
3.2.19. Middle East and Africa Recycled Plastics Consumption, Price and Gross Margin (2017-2021)
3.2.20. Middle East and Africa Recycled Plastics Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. South Africa
4. Global Recycled Plastics Consumption by Product Type (2017-2021)
4.1. Global Recycled Plastics Price by Product Type (2017-2021)
4.2. Global Recycled Plastics Revenue Market Share by Product Type (2017-2021)
4.2.1. Polyethylene terephthalate (PET)
4.2.2. High-density polyethylene (HDPE)
4.2.3. Polypropylene (PP)
4.2.4. Low-density polyethylene (LDPE)
4.2.5. Others
5. Global Recycled Plastics Consumption by Application (2017-2021)
5.1. Global Recycled Plastics Price by Application (2017-2021)
5.2. Global Recycled Plastics Revenue Market Share by Application (2017-2021)
5.2.1. Non-food packaging
5.2.2. Food packaging
5.2.3. Construction
5.2.4. Automotive
5.2.5. Others
6. Key Companies Profiled
6.1. KW Plastics
6.1.1. KW Plastics Recycled Plastics Corporation Information
6.1.2. KW Plastics Recycled Plastics Product Portfolio
6.1.3. KW Plastics Recycled Plastics Consumption, Price and Gross Margin (2017-2021)
6.1.4. KW Plastics Main Business and Markets Served
6.1.5. KW Plastics Recent Developments/Updates
6.2. Veolia
6.3. Custom Polymers
6.4. Plastipak Holdings
6.5. The Coca-Cola Company Incorporated
6.6. Suez
6.7. B. Schoenberg & Co.
6.8. Fresh Pak Corporation
6.9. B&B Plastics
6.10. Green Line Polymers
6.11. Ultra Poly Corporation
6.12. Clear Path Recycling
6.13. Jayplas
6.14. MBA Polymers
6.15. RJM International Inc.
6.16. CarbonLite Industries LLC
7. Marketing Channel, Distributors and Customers
7.1. Marketing Channel
7.2. Recycled Plastics Distributors List
7.3. Recycled Plastics Customers
8. Market Dynamics
8.1. Recycled Plastics Industry Trends
8.2. Recycled Plastics Growth Drivers
8.3. Recycled Plastics Market Challenges
8.4. Recycled Plastics Market Restraints
9. Global Recycled Plastics Consumption and Demand Forecast, by Region (2022-2028)
9.1. Global Forecasted Demand Analysis of Recycled Plastics, by Regions and Country
9.1.1. North America Forecasted Consumption of Recycled Plastics by Country
9.1.2. Europe Market Forecasted Consumption of Recycled Plastics by Country
9.1.3. Asia Pacific Market Forecasted Consumption of Recycled Plastics by Region
9.1.4. Latin America Forecasted Consumption of Recycled Plastics by Country
9.1.5. Middle East and Africa Forecasted Consumption of Recycled Plastics by Country
10. Global Recycled Plastics Consumption and Demand Forecast, by Product Type (2022-2028)
10.1. Global Forecasted Consumption of Recycled Plastics by Product Type Segments (2022-2027)
10.2. Global Consumption and Price Forecast by Product Type Segments (2022-2027)
10.3. Global Forecasted Growth Rate of Recycled Plastics by Product Type Segments (2022-2027)
11. Global Recycled Plastics Consumption and Demand Forecast, by Application (2022-2028)
11.1. Global Forecasted Consumption of Recycled Plastics by Application Segments (2022-2027)
11.2. Global Consumption and Price Forecast by Application Segments (2022-2027)
11.3. Global Forecasted Growth Rate of Recycled Plastics by Application Segments (2022-2027)
12. Research Finding and Conclusion
13. Methodology and Data Source
13.1. Methodology/Research Approach
13.1.1. Research Programs/Mobility Type
13.1.2. Market Size Estimation
13.1.3. Market Breakdown and Data Triangulation
13.2. Data Source
13.2.1. Secondary Sources
13.2.2. Primary Sources
13.3. Author List
13.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
- The analysis done by the research team was further reviewed to check for data accuracy provided to suit the clients’ specific requirements.
- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
- After the quality check, a final review of the report was done to look after the presentation, formatting, and to recheck if all the requirements of the clients were addressed. The next phase remains dispatch of the report to the client.
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