Plastic Recycling Market Research Report - Forecast to 2023

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Global Plastic Recycling Market Information by Material (Polyethylene Terephthalate (PET), High-Density Polyethylene (HDPE), Polypropylene (PP), Low-Density Polyethylene (LDPE) and Other), by Recycling Process (Mechanical, and Chemical), Application (Packaging, Construction, Automotive, and Other) and by Region - Forecast to 2023 Market Scenario: Plastic recycling means reprocessing the scrap or waste plastic material into useful products. Plastic is inexpensive, lightweight and durable materials, which can readily be moulded into a variety of products with a wide range of applications. The growing demand for plastics from various industries including construction, food and beverage, and pharmaceutical is expected to propel the growth of the recycled plastics market. Rising consciousness for environmental protection among consumers is also adding to the market growth. However, the lack of awareness for recycled plastic products is the restraint that may hamper the growth of global plastic recycling market. The global plastic recycling market is projected to grow at a CAGR of 6.5% from 2017 to 2023, to reach the market size of USD 53.72 billion by the end of the forecast period.

Plastic Recycling Market Research Report By

Forecast To 2023

Industry Survey, Growth, Competitive Landscape

and Forecasts to 2023

PREPARED BY

Market Research Future

(Part of Wantstats Research & Media Pvt. Ltd.)


Plastic Recycling Market Forecast To 2023

Global Plastic Recycling Market Information by Material (Polyethylene Terephthalate (PET), High-Density

Polyethylene (HDPE), Polypropylene (PP), Low-Density Polyethylene (LDPE) and Other), by Recycling Process

(Mechanical, and Chemical), Application (Packaging, Construction, Automotive, and Other) and by Region -

Forecast to 2023

Plastic recycling means reprocessing the scrap or waste plastic material into useful products. Plastic is inexpensive,

lightweight and durable materials, which can readily be moulded into a variety of products with a wide range of

applications. The growing demand for plastics from various industries including construction, food and beverage, and

pharmaceutical is expected to propel the growth of the recycled plastics market. Rising consciousness for environmental

protection among consumers is also adding to the market growth. However, the lack of awareness for recycled plastic

products is the restraint that may hamper the growth of global plastic recycling market.

The global plastic recycling market is projected to grow at a CAGR of 6.5% from 2017 to 2023, to reach the market size of

USD 53.72 billion by the end of the forecast period.

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Plastic Recycling Market Forecast To 2023

Market Segmentation

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Plastic Recycling Market Forecast To 2023

Regional Analysis of Global Plastic Recycling Market:

Asia-Pacific dominates the global plastic recycling market followed by Europe. Availability of cheap labor and relatively

lenient governmental regulations in this region ultimately increase the demand of plastic recycling. This region is expected

to grow at the fastest pace during the forecast period. Europe is another important market that is expected to contribute

significantly during the forecast period mainly due to rising awareness regarding environmental protection.

Key Players:

The key players of global plastic recycling market are PLASgran Ltd. (U.K.), UltrePET, LLC. (U.S.), Kuusakoski Oy (Finland),

Envision Plastics (U.S.),KW Plastics, Inc.U.S.), Custom Polymers, Inc. (U.S.), Advanced Environmental Recycling Technologies,

Inc. (U.S.), MBA Polymers UK Ltd. (U.K.), CarbonLITE Industries (U.S.), and Green-O-Tech India (India).

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