Recycled Plastics Market
Global Recycled Plastics Market Size, Share & Trends Analysis Report, By Source (Bottles, Films, Fibers, Foams and Others), By Type (Polyethylene Terephthalate (PET), Polyethylene (PE), Polyvinyl Chloride (PVC), Polypropylene (PP), Polystyrene (PS) and Others), By End-Users (Packaging, Building & Construction, Textile, Automotive, Electrical & Electronics and Others), Forecast (2022-2028). Update Available - Forecast 2024-2030
The global recycled plastics market is anticipated to grow at a significant CAGR during the forecast period. Plastic recycling means to reprocess plastic waste into new and useful products while reducing dependence on landfills, conserving resources and protecting the environment from plastic pollution and greenhouse gas emissions. The major factor driving the growth of the global recycled plastics market during the forecast is increasing plastic consumption for the production of lightweight components for several industries such as building & construction, automotive, electrical & electronics, among others. Additionally, the market is also growing owing to their negative impact on the environment due to plastic disposal. The growing use of plastic has led to a huge amount of plastic waste which poses risk to the environment. Hence, the process of recycling plastic waste can curb this risk which in turn is driving the growth of the global recycled plastics market during the forecast period. Furthermore, emerging recycling technologies may also boost the growth of the market in the coming years.
Impact of COVID-19 Pandemic on Global Recycled Plastics Market
The COVID-19 pandemic had a negative impact on the global recycled plastics market. During COVID-19, as of May 2020, 212 countries had been impacted by the pandemic, and the governments of these countries had ordered nationwide lockdowns which resulted in a substantial decline weakening of the operations of several organizations which has a negative result on the recycling operations. However, due to the social distancing norms by government and work-from-home policies, there was substantial growth in at-home deliveries that increased the packaging rate. Additionally, due to the rise in online shopping of electrical & electronics, personal care products, and personal protective equipment, such as gloves and face masks which in turn boosted the growth of the recycled plastic in these applications.
Segmental Outlook
The global Recycled Plastics market is segmented based on source, type and end-users. Based on the source, the market is sub-segmented into bottles, films, fibers, foams and others. Based on type, the market is sub-segmented into polyethylene terephthalate (PET), polyethylene (PE), polyvinyl chloride (PVC), polypropylene (PP), polystyrene (PS) and others. Based on end-users, the market is sub-segmented into packaging, building & construction, textile, automotive, electrical & electronics and others.
Global Recycled Plastics Market Share by Source, 2021 (%)
Bottles Segment Holds the Major Share in the Global Recycled Plastics Market.
Based on the source, the bottle segment holds a prominent share in 2021. The factor driving the bottle segment includes the increasing demand for bottles in several industries such as food & beverages, healthcare, chemical, among others across the globe. Additionally, bottles are considered to be the largest and fastest-growing source of recycled plastics. Furthermore, the growth of the segment can be attributed to the dependency of the recycling business in many developing countries on bottles as a major source for recycled plastics.
Regional Outlook
The global Recycled Plastics market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Germany, Italy, Spain, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America).
Global Recycled Plastics Market Growth by Region, 2022-2028
North America Region Holds the Major Share in the Global Recycled Plastics Market.
North America region dominates the recycled plastics market owing to the presence of major companies in the region that are focusing on recycled plastics products. Additionally, the rising demand for plastic bottles has risen steadily in the region due to favourable government initiatives. Furthermore, Asia-Pacific is anticipated to hold a prominent share in the market following North America due to the increasing demand for recycled plastics as a solution to deal with plastic waste to reduce environmental concerns.
Market Players Outlook
The major companies serving the global Recycled Plastics market include Indorama Ventures Public Ltd., Veolia, Alpek, Jayplas, and Republic Services, among others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, partnerships and collaborations, and geographical expansion, to stay competitive in the market. For instance, in July 2021, Jayplas announced that it has teamed up with the Co-op Supermarket Chain. It was aimed to run Europe's most comprehensive in-store recycling program for plastic bags and product packaging.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Recycled Plastics market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Recycled Plastics Market
• Recovery Scenario of Global Recycled Plastics Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Indorama Ventures Public Ltd.
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. Veolia
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. Alpek
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. Jayplas
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. Republic Services
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global Recycled Plastics Market by Source
4.1.1. Bottles
4.1.2. Films
4.1.3. Fibers
4.1.4. Foams
4.1.5. Others
4.2. Global Recycled Plastics Market by Type
4.2.1. Polyethylene Terephthalate (PET)
4.2.2. Polyethylene (PE)
4.2.3. Polyvinyl Chloride (PVC)
4.2.4. Polypropylene (PP)
4.2.5. Polystyrene (PS)
4.2.6. Others
4.3. Global Recycled Plastics Market by End-User
4.3.1. Packaging
4.3.2. Building & Construction
4.3.3. Textile
4.3.4. Automotive
4.3.5. Electrical & Electronics
4.3.6. Others
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. INDORAMA VENTURES PUBLIC LTD.
6.2. VEOLIA
6.3. JAYPLAS
6.4. ALPEK
6.5. BIFFA
6.6. REPUBLIC SERVICES
6.7. STERICYCLE
6.8. FAR EASTERN NEW CENTURY CORP.
6.9. KW PLASTICS
6.10. B.SCHOENBERG & CO.
6.11. B&B PLASTICS
6.12. REMONDIS SE & CO. KG
6.13. CLEAR PATH RECYCLING
6.14. CUSTOM POLYMERS
6.15. PLASTIPAK HOLDINGS
6.16. WASTE CONNECTIONS, INC.
6.17. MBA POLYMERS
1. GLOBAL RECYCLED PLASTICS MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
2. GLOBAL RECYCLED PLASTICS BY BOTTLES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL RECYCLED PLASTICS BY FILMS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL RECYCLED PLASTICS BY FIBERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL RECYCLED PLASTICS BY FOAMS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL RECYCLED PLASTICS BY OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL RECYCLED PLASTICS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
8. GLOBAL POLYETHYLENE TEREPHTHALATE (PET) RECYCLED PLASTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL POLYETHYLENE (PE) RECYCLED PLASTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL POLYVINYL CHLORIDE (PVC) RECYCLED PLASTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
11. GLOBAL POLYPROPYLENE (PP) RECYCLED PLASTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL POLYSTYRENE (PS) RECYCLED PLASTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL OTHERS RECYCLED PLASTICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
14. GLOBAL RECYCLED PLASTICS MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
15. GLOBAL RECYCLED PLASTICS FOR PACKAGING MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. GLOBAL RECYCLED PLASTICS FOR BUILDING & CONSTRUCTION MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
17. GLOBAL RECYCLED PLASTICS FOR TEXTILE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
18. GLOBAL RECYCLED PLASTICS FOR AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
19. GLOBAL RECYCLED PLASTICS FOR ELECTRICAL & ELECTRONICS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
20. GLOBAL RECYCLED PLASTICS FOR OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
21. GLOBAL RECYCLED PLASTICS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
22. NORTH AMERICAN RECYCLED PLASTICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
23. NORTH AMERICAN RECYCLED PLASTICS MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
24. NORTH AMERICAN RECYCLED PLASTICS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
25. NORTH AMERICAN RECYCLED PLASTICS MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
26. EUROPEAN RECYCLED PLASTICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
27. EUROPEAN RECYCLED PLASTICS MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
28. EUROPEAN RECYCLED PLASTICS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
29. EUROPEAN RECYCLED PLASTICS MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
30. ASIA-PACIFIC RECYCLED PLASTICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
31. ASIA-PACIFIC RECYCLED PLASTICS MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
32. ASIA-PACIFIC RECYCLED PLASTICS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
33. ASIA-PACIFIC RECYCLED PLASTICS MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
34. REST OF THE WORLD RECYCLED PLASTICS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
35. REST OF THE WORLD RECYCLED PLASTICS MARKET RESEARCH AND ANALYSIS BY SOURCE, 2021-2028 ($ MILLION)
36. REST OF THE WORLD RECYCLED PLASTICS MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
37. REST OF THE WORLD RECYCLED PLASTICS MARKET RESEARCH AND ANALYSIS BY END-USER, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL RECYCLED PLASTICS MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL RECYCLED PLASTICS MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL RECYCLED PLASTICS MARKET, 2022-2028 (%)
4. GLOBAL RECYCLED PLASTICS MARKET SHARE BY SOURCE, 2021 VS 2028 (%)
5. GLOBAL RECYCLED PLASTICS BY BOTTLES MARKET REGION BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL RECYCLED PLASTICS BY FILMS MARKET REGION BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL RECYCLED PLASTICS BY FIBERS MARKET REGION BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL RECYCLED PLASTICS BY FOAMS MARKET REGION BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL RECYCLED PLASTICS BY OTHERS MARKET REGION BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL RECYCLED PLASTICS MARKET SHARE BY TYPE, 2021 VS 2028 (%)
11. GLOBAL RECYCLED PLASTICS BY POLYETHYLENE TEREPHTHALATE (PET) MARKET REGION BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL RECYCLED PLASTICS BY POLYETHYLENE (PE) MARKET REGION BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL RECYCLED PLASTICS BY POLYVINYL CHLORIDE (PVC) MARKET REGION BY GEOGRAPHY, 2021 VS 2028 (%)
14. GLOBAL RECYCLED PLASTICS BY POLYPROPYLENE (PP) MARKET REGION BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL RECYCLED PLASTICS BY POLYSTYRENE (PS) MARKET REGION BY GEOGRAPHY, 2021 VS 2028 (%)
16. GLOBAL RECYCLED PLASTICS BY OTHERS MARKET REGION BY GEOGRAPHY, 2021 VS 2028 (%)
17. GLOBAL RECYCLED PLASTICS MARKET SHARE BY END-USER, 2021 VS 2028 (%)
18. GLOBAL RECYCLED PLASTICS FOR PACKAGING MARKET REGION BY GEOGRAPHY, 2021 VS 2028 (%)
19. GLOBAL RECYCLED PLASTICS FOR BUILDING & CONSTRUCTION MARKET REGION BY GEOGRAPHY, 2021 VS 2028 (%)
20. GLOBAL RECYCLED PLASTICS FOR TEXTILE MARKET REGION BY GEOGRAPHY, 2021 VS 2028 (%)
21. GLOBAL RECYCLED PLASTICS FOR AUTOMOTIVE MARKET REGION BY GEOGRAPHY, 2021 VS 2028 (%)
22. GLOBAL RECYCLED PLASTICS FOR ELECTRICAL & ELECTRONICS MARKET REGION BY GEOGRAPHY, 2021 VS 2028 (%)
23. GLOBAL RECYCLED PLASTICS FOR OTHERS MARKET REGION BY GEOGRAPHY, 2021 VS 2028 (%)
24. GLOBAL RECYCLED PLASTICS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
25. US RECYCLED PLASTICS MARKET SIZE, 2021-2028 ($ MILLION)
26. CANADA RECYCLED PLASTICS MARKET SIZE, 2021-2028 ($ MILLION)
27. UK RECYCLED PLASTICS MARKET SIZE, 2021-2028 ($ MILLION)
28. FRANCE RECYCLED PLASTICS MARKET SIZE, 2021-2028 ($ MILLION)
29. GERMANY RECYCLED PLASTICS MARKET SIZE, 2021-2028 ($ MILLION)
30. ITALY RECYCLED PLASTICS MARKET SIZE, 2021-2028 ($ MILLION)
31. SPAIN RECYCLED PLASTICS MARKET SIZE, 2021-2028 ($ MILLION)
32. REST OF EUROPE RECYCLED PLASTICS MARKET SIZE, 2021-2028 ($ MILLION)
33. INDIA RECYCLED PLASTICS MARKET SIZE, 2021-2028 ($ MILLION)
34. CHINA RECYCLED PLASTICS MARKET SIZE, 2021-2028 ($ MILLION)
35. JAPAN RECYCLED PLASTICS MARKET SIZE, 2021-2028 ($ MILLION)
36. SOUTH KOREA RECYCLED PLASTICS MARKET SIZE, 2021-2028 ($ MILLION)
37. REST OF ASIA-PACIFIC RECYCLED PLASTICS MARKET SIZE, 2021-2028 ($ MILLION)
38. REST OF THE WORLD RECYCLED PLASTICS MARKET SIZE, 2021-2028 ($ MILLION)
