Plastic Recycling Market
Global Plastic Recycling Market was valued at US$31.5 bn in 2015 is expected to reach a figure of US$56.8 bn by 2024; During the forecast period of 2016 and 2024, market is expected to progress at a CAGR of 6.9% Fill the form for an exclusive sample of this report @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=9049
Global Plastic Recycling Market was valued at US$31.5 bn in 2015 is expected to reach a figure of US$56.8 bn by 2024; During the forecast period of 2016 and 2024, market is expected to progress at a CAGR of 6.9%
Fill the form for an exclusive sample of this report @ http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=9049
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
<strong>Plastic</strong> <strong>Recycling</strong> <strong>Market</strong> - Positive Long Term Growth Trends 2024<br />
Date: 03-22-2017 04:44 PM CET<br />
Category: Energy & Environment<br />
Press release from: Transparency <strong>Market</strong> Research-Energy<br />
The consumers in the global plastic recycling market lack brand loyalty due to the presence of a large number of players. This<br />
aspect has also stiffened the competition in the overall market, states Transparency <strong>Market</strong> Research. The leading player in the<br />
market is Plasgran Ltd., which offers a comprehensive collection of facility that enables smooth sorting and baling and<br />
separation and compounding operations. The other players in the market are expected to focus on expanding their businesses<br />
to emerging economies for capturing a wider geographical reach.<br />
Browse <strong>Market</strong> Research Report @<br />
www.transparencymarketresearch.com/plastic-recycling-mark...<br />
According to the research report, the global plastic recycling market has been valued at US$56.8 bn by 2024 as compared to<br />
US$31.5 bn in 2015. Between the forecast years of 2016 and 2024, the global market is expected to progress at a CAGR of<br />
6.9%.<br />
Asia Pacific to Remain Dominant as Consumption of <strong>Plastic</strong> Rises<br />
On the basis of material, the global plastic recycling market has been segmented into PET, HDPE, PP, LDPE, PVC, PS, and<br />
others such as nylon, polycarbonate, and ABS. Of these, HDPE is expected to remain a dominant material segment during the<br />
forecast period. In terms of revenue, this segment is projected to expand at a CAGR of 7.4% between 2016 and 2024. The<br />
demand for HDPE is expected to remain high as it is extensively used in residential and packaging applications.<br />
Geographically, the global plastic recycling market is segmented into North America, Europe, the Middle East and Africa,<br />
and Latin America. Regionally, Asia Pacific is anticipated to remain dominant in the global market as it is slated to acquire a<br />
share of 71.3% by the end of 2024. The increasing plastic consumption along with increasing pressure of eco-friendly disposal<br />
of plastic waste is expected to keep the regional market ahead of the pack.<br />
Overflowing Landfills Increase Pressure on Governments for <strong>Recycling</strong> <strong>Plastic</strong><br />
The growing pressure of overflowing landfills has been the primary growth driver for the global plastic recycling market. This<br />
factor has proven to be an important driver for the plastic recycling market in developed regions such as Europe. The mounting<br />
plastic waste has triggered Herculean task of recycling plastic waste. Furthermore, the European Committee of Region’s<br />
(CoR) support for the ban on all dumping plastics in landfills across the European 2020 has also won the market a special<br />
impetus.<br />
The growing awareness about protecting the environment, hazardous impact of plastic wastes on landfills and animals, and<br />
need to reduce the carbon footprint has also fueled the global plastic recycling market. Owing to these reasons, solutions such<br />
Seite 1 / 3
as drop-off recycling, curbside recycling, buy-back centers, and deposit/refund centers are helping various organizations to<br />
channelize trash for recycling. The global market is also gaining momentum due to the cost-effectiveness of recycling plastic<br />
over manufacturing plastic. Production of plastic requires a large amount of crude oil, which has gotten expensive with each<br />
passing year, thus making the option of recycling existing plastic far cheaper.<br />
Poor Collection Systems to Restrain <strong>Market</strong> Growth<br />
Despite the benefits of plastic recycling, the global market for the same is being held back due to several reasons. To begin<br />
with, the poor system of collecting waste materials is the key restraint for the global market. “About 10% of the overall waste<br />
produced in Africa is funneled through the collection systems,” states the lead author of this research report. The author<br />
further states that the remaining 90% goes unaccounted for resulting in addition to landfills or being dumped into oceans and<br />
river streams.<br />
This review is based on Transparency <strong>Market</strong> Research’s report, titled “<strong>Plastic</strong> <strong>Recycling</strong> <strong>Market</strong> - Global Industry Analysis,<br />
Size, Share, Growth, Trends, and Forecast 2016 - 2024.”<br />
The plastic recycling market has been divided into the following segments.<br />
<strong>Plastic</strong> <strong>Recycling</strong> <strong>Market</strong> – Source Analysis<br />
-Rigid <strong>Plastic</strong>s<br />
-Non-rigid <strong>Plastic</strong>s<br />
<strong>Plastic</strong> <strong>Recycling</strong> <strong>Market</strong> – Material Analysis<br />
-PET<br />
-PP<br />
-HDPE<br />
-LDPE<br />
-PS<br />
-PVC<br />
-Others (ABS, Nylon, Polycarbonate etc.)<br />
<strong>Plastic</strong> <strong>Recycling</strong> <strong>Market</strong> – Application Analysis<br />
-Packaging<br />
-Food Contact<br />
-Non-food Contact<br />
-Automotive<br />
-Construction<br />
-Textile<br />
-Others (industrial, consumer goods etc.)<br />
<strong>Plastic</strong> <strong>Recycling</strong> <strong>Market</strong> – Regional Analysis<br />
-North America<br />
-U.S.<br />
-Canada<br />
-Europe<br />
-Germany<br />
-France<br />
-Italy<br />
-U.K.<br />
-Spain<br />
-Rest of Europe<br />
-Asia Pacific<br />
-China<br />
-India<br />
-Japan<br />
-ASEAN<br />
-Rest of Asia Pacific<br />
Seite 2 / 3
Fill the form for an exclusive sample of this report @<br />
www.transparencymarketresearch.com/sample/sample.php?flag...<br />
About Us<br />
Transparency <strong>Market</strong> Research (TMR) is a global market intelligence company providing business information reports and<br />
services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for<br />
thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources<br />
and various tools and techniques to gather and analyze information.<br />
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest<br />
trends and information. With extensive research and analysis capabilities, Transparency <strong>Market</strong> Research employs rigorous<br />
primary and secondary research techniques to develop distinctive data sets and research material for business reports.<br />
Contact<br />
Transparency <strong>Market</strong> Research<br />
90 State Street, Suite 700<br />
Albany, NY 12207<br />
Tel: +1-518-618-1030<br />
USA - Canada Toll Free: 866-552-3453<br />
Email: sales@transparencymarketresearch.com<br />
Website: www.transparencymarketresearch.com/<br />
You can find this press release here<br />
Seite 3 / 3