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Recycled Plastics Market: Global Industry Trends, Share, Size, Growth, Opportunity And Forecast 2022-2027
Published on: Feb 2022 | From USD $2499 | Published By: IMARCGROUP | Number Of Pages: 106
The global recycled plastics market size reached US$ 37.75 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 51.15 Billion by 2027, exhibiting a CAGR of 5.09% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Plastic recycling refers to the process of collecting and re-using different types of plastic wastes. Before recycling takes place, the waste and scrap undergo a series of five different stages which include sorting, washing, shredding, identification and classification of plastic, and extruding. Products manufactured from plastics are usually non-biodegradable in nature and can lead to various environmental concerns. Thus, recycling plastic helps to reduce the amount of waste disposed of at landfill sites, thereby lowering the amount of greenhouse gas emissions released from landfills.
Global Recycled Plastics Industry Drivers:
Reduction of plastic wastes and numerous recycling programmes have become a priority for both developed and developing nations across the globe. Owing to this, governments in different regions are implementing policies and regulations for controlling waste production, encouraging the reuse and recycling of plastic wastes, and encouraging systematic waste treatment. Governments are also enforcing landfill taxes, waste disposal taxes, recycling credit schemes, deposit refund systems, etc. to promote effective waste management. These measures by governments in various countries and states are expected to further facilitate the growth of the recycled plastics market.
The demand for plastic material has been constantly increasing across several industries like food and beverage, automotive, packaging and healthcare. The development of these industries can be accredited to rising population, inflating disposable incomes and continuous product innovations. In this context, higher manufacturing cost of virgin resins has necessitated the use of recycled plastic products, thereby bolstering the growth of the global recycled plastics market.
Plastic manufacturers and recyclers are now being more focused on adding value and consumerism to the recycled plastic products. They are coming up with secondary containment products, laundry carts, bulk storage containers etc. through roto moulding methods.
Several brands are investing in research and development to enhance the quality performance of recycled plastic products and incorporate them in every plastic component that they use.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global recycled plastics market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on plastic type, application and raw material.
Breakup by Plastic Type:
Polyethylene Terephthalate (PET)
High Density Polyethylene (HDPE)
Polypropylene (PP)
Low Density Polyethylene (LDPE)
Others
On the basis of plastic type, the market is segregated as polyethylene terephthalate (PET), high density polyethylene (HDPE), polypropylene (PP), low-density polyethylene (LDPE) and others. At present, polyethylene terephthalate (PET) accounts for the majority of the market share as it is used in the manufacturing of containers, shoes, automobile parts, luggage, etc.
Breakup by Application:
Non-Food Contact Packaging
Food Contact Packaging
Construction
Automotive
Others
Based on application, the market is segmented as non-food contact packaging, food contact packaging, construction, automotive and others. Amongst these, non-food contact packaging exhibits a clear dominance in the market. This type of packaging is employed in industrial processing products for protecting the products from harsh weather conditions.
Breakup by Raw Material:
Plastic Bottles
Plastic Films
Rigid Plastic and Foam
Fibres
Others
On the basis of raw material, the market is divided into plastic bottles, plastic films, rigid plastic and foam, fibres, and others. Currently, plastic bottles represent the major type of raw material for recycled plastics as they find numerous applications in industries for storing carbonated drinks, medicines, oils, etc.
Regional Insights:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
On a geographical front, Asia Pacific enjoys the leading position in the global recycled plastics market. This can be attributed to various initiatives undertaken by governments and other organisations in the region.
Competitive Landscape:
The market is fragmented in nature with the presence of several small and large manufacturers who are competing in terms of prices and quality. There prevails a rigid competition in the market which makes it difficult for small players to enter. Some of the key players operating in the market are:
Avangard Innovative
B. Schoenberg & Co., Inc.
Delta Plastics
UltrePET LLC
CarbonLITE Industries
Veolia
Suez Recycling & Recovery Holdings
KW Plastics
This report provides a deep insight into the global recycled plastics market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the recycled plastics industry in any manner. Key Questions Answered in this Report
1. What is the size of the global recycled plastics market?
2. What is the expected growth rate of the global recycled plastics market?
3. What are the key factors driving the global recycled plastics market?
4. What has been the impact of COVID-19 on the global recycled plastics market?
5. What is the breakup of the global recycled plastics market based on the plastic type?
6. What is the breakup of the global recycled plastics market based on the application?
7. What is the breakup of the global recycled plastics market based on the raw material?
8. What are the key regions in the global recycled plastics market?
9. Who are the key companies/players in the global recycled plastics market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Recycled Plastics Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Plastic Type
5.5 Market Breakup by Raw Material
5.6 Market Breakup by Application
5.7 Market Breakup by Region
5.8 Market Forecast
5.9 SWOT Analysis
5.9.1 Overview
5.9.2 Strengths
5.9.3 Weaknesses
5.9.4 Opportunities
5.9.5 Threats
5.10 Value Chain Analysis
5.10.1 Overview
5.10.2 Research and Development
5.10.3 Raw Material Procurement
5.10.4 Manufacturing
5.10.5 Distribution
5.10.6 Export
5.10.7 End-Use
5.11 Porters Five Forces Analysis
5.11.1 Overview
5.11.2 Bargaining Power of Buyers
5.11.3 Bargaining Power of Suppliers
5.11.4 Degree of Competition
5.11.5 Threat of New Entrants
5.11.6 Threat of Substitutes
6 Market Breakup by Plastic Type
6.1 Polyethylene Terephthalate (PET)
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 High Density Polyethylene (HDPE)
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Polypropylene (PP)
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Low Density Polyethylene (LDPE)
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Others
6.5.1 Market Trends
6.5.2 Market Forecast
7 Market Breakup by Raw Material
7.1 Plastic Bottles
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Plastic Films
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Rigid Plastic and Foam
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Fibres
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Application
8.1 Non-Food Contact Packaging
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Food Contact Packaging
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Construction
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Automotive
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Europe
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Asia Pacific
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Latin America
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Forecast
10 Recycled Plastics Manufacturing Process
10.1 Product Overview
10.2 Raw Material Requirements
10.3 Manufacturing Process
10.4 Key Success and Risk Factors
11 Competitive Landscape
11.1 Market Structure
11.2 Key Players
11.3 Profiles of Key Players
11.3.1 Avangard Innovative
11.3.2 B. Schoenberg & Co., Inc.
11.3.3 Delta Plastics
11.3.4 UltrePET LLC
11.3.5 CarbonLITE Industries
11.3.6 Veolia
11.3.7 Suez Recycling & Recovery Holdings
11.3.8 KW Plastics
Figure 1: Global: Recycled Plastics Market: Major Drivers and Challenges
Figure 2: Global: Recycled Plastics Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Recycled Plastics Market: Breakup by Plastic Type (in %), 2021
Figure 4: Global: Recycled Plastics Market: Breakup by Raw Material (in %), 2021
Figure 5: Global: Recycled Plastics Market: Breakup by Application (in %), 2021
Figure 6: Global: Recycled Plastics Market: Breakup by Region (in %), 2021
Figure 7: Global: Recycled Plastics Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 8: Global: Recycled Plastics Industry: SWOT Analysis
Figure 9: Global: Recycled Plastics Industry: Value Chain Analysis
Figure 10: Global: Recycled Plastics Industry: Porter’s Five Forces Analysis
Figure 11: Global: Recycled Plastics Market (Polyethylene Terephthalate - PET): Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Recycled Plastics Market Forecast (Polyethylene Terephthalate - PET): Sales Value (in Million US$), 2022-2027
Figure 13: Global: Recycled Plastics Market (High Density Polyethylene - HDPE): Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Recycled Plastics Market Forecast (High Density Polyethylene- HDPE): Sales Value (in Million US$), 2022-2027
Figure 15: Global: Recycled Plastics Market (Polypropylene - PP): Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Recycled Plastics Market Forecast (Polypropylene - PP): Sales Value (in Million US$), 2022-2027
Figure 17: Global: Recycled Plastics Market (Low Density Polyethylene - LDPE): Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Recycled Plastics Market Forecast (Low Density Polyethylene - LDPE): Sales Value (in Million US$), 2022-2027
Figure 19: Global: Recycled Plastics Market (Other Plastic Types): Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Recycled Plastics Market Forecast (Other Plastic Types): Sales Value (in Million US$), 2022-2027
Figure 21: Global: Recycled Plastics (From Plastic Bottles) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Recycled Plastics (From Plastic Bottles) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Recycled Plastics (From Plastic Films) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Recycled Plastics (From Plastic Films) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Recycled Plastics (From Rigid Plastic and Foam) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Recycled Plastics (From Rigid Plastic and Foam) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Recycled Plastics (From Fibres) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Recycled Plastics (From Fibres) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Recycled Plastics (Other Raw Materials) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Recycled Plastics (Other Raw Materials) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Recycled Plastics Market (Applications in Non-Food Contact Packaging): Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Recycled Plastics Market Forecast (Applications in Non-Food Contact Packaging): Sales Value (in Million US$), 2022-2027
Figure 33: Global: Recycled Plastics Market (Applications in Food Contact Packaging): Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Recycled Plastics Market Forecast (Applications in Food Contact Packaging): Sales Value (in Million US$), 2022-2027
Figure 35: Global: Recycled Plastics Market (Applications in Construction): Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Recycled Plastics Market Forecast (Applications in Construction): Sales Value (in Million US$), 2022-2027
Figure 37: Global: Recycled Plastics Market (Applications in Automotive): Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Recycled Plastics Market Forecast (Applications in Automotive): Sales Value (in Million US$), 2022-2027
Figure 39: Global: Recycled Plastics Market (Other Applications): Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: Recycled Plastics Market Forecast (Other Applications): Sales Value (in Million US$), 2022-2027
Figure 41: North America: Recycled Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: North America: Recycled Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Europe: Recycled Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Europe: Recycled Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Asia Pacific: Recycled Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Asia Pacific: Recycled Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Latin America: Recycled Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Latin America: Recycled Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Middle East and Africa: Recycled Plastics Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Middle East and Africa: Recycled Plastics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Recycled Plastics Manufacturing: Detailed Process Flow
Table 1: Global: Recycled Plastics Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Recycled Plastics Market Forecast: Breakup by Plastic Type (in Million US$), 2022-2027
Table 3: Global: Recycled Plastics Market Forecast: Breakup by Raw Material (in Million US$), 2022-2027
Table 4: Global: Recycled Plastics Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Recycled Plastics Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Recycled Plastics Production: Raw Material Requirements
Table 7: Global: Recycled Plastics Market: Competitive Structure
Table 8: Global: Recycled Plastics Market: Key Players
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
FAQs
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