Global Market Study on Recycled Plastic: Resin Type Projected to be a Comparatively High Growth Segment Through 2025

<strong>Global</strong> Plastic Recycling <strong>Market</strong> Trends, Analysis, And
Forecast To 2025
Plastic recycling is the method of recovering either scrap or waste plastic and reprocessing the material into
some kind of useful products. Large amount of plastic that is used is of non-biodegradable nature; therefore
its recycling is an effort to decrease plastic in the waste stream. Thus, it will enable us to reduce the
enormous amount of plastic pollution. The process of plastic recycling includes utilizing any type of
plastic, arranging it into various polymers and then chipping it and melting it down to pellets. After
encompassing this stage, it can be used to make items of any category such as plastic chairs or tables. The
process of recycling also involves soft plastics such as polyethylene film and bags. This plastic recycling
operation has been taking place since the 1970s and thus, has made the plastic products production amongst
the most efficient operations presently.
The global plastic recycling market can be classified based on source, type and region. On the basis of
source, the global plastic recycling market is classified into rigid and non-rigid plastics. Depending upon
type, the global market is segmented into high-density polyethylene (HDPE), low-density polyethylene
(LDPE), polyethylene terephthalate (PET), polypropylene (PP), and others.
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Among the market segments, the demand for recycled HDPE and PET plastics are expected to command a
major share in the global market. These types of plastics are majorly utilized for preparing bottles utilized
as household chemicals, storage containers, and personal care products. The higher grade of HDPE is
utilized for preparing milk bottles, beverage containers, juice cans, and other edible liquid cans.
The global plastic recycling market is expected to garner maximum revenue in the forecast period. Factors
such rising concern for the environment has deepened the focus on recycling plastics. Although plastic has
large number of applications in healthcare, automotive, defense, and energy industries, the plastics material
recycling becomes significant from an environmental opinion as it enables to keep global warming,
environmental pollution and ozone layer depletion, under control. Therefore, the increased concern for the
environment is anticipated to fuel the recycled plastics market growth in the future.
Based on regions, the global plastic recycling market is divided into North America, Europe, Asia-Pacific
(APAC), Middle East & Africa (MEA), and Latin America. The North American region is anticipated to
command the maximum market share and would lead the plastic recycling market during the forecast
period. Factors such as the easy availability of skilled workforce as well as advanced techniques for

ecycling PET, HDPE, and PP plastics in the region is expected to fuel the plastic recycling market during
the forecast period.
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The Asia-Pacific region is expected to witness the swiftest growth in the plastic recycling market. This
region is highly engaged in activities such as parings and transforming the plastic scrap into recycled resins
for additional applications. The availability of cheap labor and lenient governmental regulations have
resulted in the swift growth of this region.
The major companies that are engaged in plastic recycling include Kuusakoski Oy, Plasgran Ltd.,
Envisison Plastics, KW plastics, Avangard Innovative, B. Schoenberg & Co, Custom Polymers, Delta
Plastics and UltrePET among others.
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