Plastic Recycling Market was valued US$ 44.60 Bn. in 2020 and is expected to reach US$ 69.31 Bn. by 2027, at a CAGR of 6.5% during a forecast period.
Plastic Recycling Market Overview:
The Plastic Recycling market : analysis provides a full insight into the competition, including the market share and company profiles of the key worldwide rivals. The scope of the research covers a thorough investigation of the Plastic Recycling Market, as well as the causes for variances in the industry's growth in different regions.
Market Scope:
Following the completion of market engineering, which comprised market statistics calculations, estimations of market size, market projections, market breakdown, and data triangulation, major primary research was conducted to obtain information and verify and validate critical numbers. Top-down and bottom-up strategies, as well as several data triangulation procedures, were often used throughout the market engineering process to perform market estimating and forecasting for the overall market segments and sub-segments discussed in this research. In order to give vital information throughout the report, extensive qualitative and quantitative analysis is done on all data gathered throughout the market engineering process.
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Segmentation:
Plastic Recycling Market by Source
• Plastic Bottles
• Plastic Films
• Synthetic Fibers
• Rigid Plastics & Foams
• Others
Plastic Recycling Market by Type
• Polyethylene Terephthalate (PET)
• Polyethylene (PE) – LPDE & HDPE
• Polypropylene (PP)
• Polyvinyl Chloride (PVC)
• Polystyrene (PS)
• Polyamide (PA)
• Others
Plastic Recycling Market by Recycling Method
• Thermal decomposition
• Heat compression
• Distributed recycling
• Pyrolysis
• Others
Plastic Recycling Market by End-Use
• Packaging
• Building & Construction
• Textiles
• Automotive
• Electrical & Electronics
• Others
Primary and secondary research is used to identify market leaders, and primary and secondary research are used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers' annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.
The biggest players in the Plastic Recycling Market are as follows:
• MBA Polymers Inc.
• MOL Group
• Plasgran Ltd.
• Novolex
• Phoenix Technologies International LLC
• Vikoz Enterprises, Inc.
• Plastic Recycling, Inc.
• Terracycle US, Inc.
• KW Plastics
• DS Smith PLC
• PETCO
• Waste Connections, Inc.
• Custom Polymers, Inc.
• Envision Plastics
• Kuusakoski Group Oy
• Clear Path Recycling
• Clean Tech Incorporated
• Mohawk Industries Incorporated
• CarbonLite Industries
• Envision Plastics Industries
• Advanced Environmental Recycling Technologies Incorporated
• Evergreen Plastics
• PolyQuest
• Phoenix Technologi
Regional Analysis:
Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Plastic Recycling market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on Plastic Recycling Market:
End-user industries where Plastic Recycling are utilised saw a dip in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant decrease in the revenues of businesses working in these industries and, as a result, in demand for Plastic Recycling manufacturers, influencing the development of the Plastic Recycling market in 2020. End-user business demand for Plastic Recycling has declined significantly as a result of lockdowns and an increase in COVID-19 events worldwide.
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Key Questions Answered in the Plastic Recycling Market Report are:
- In 2021, which segment held the highest proportion of the Plastic Recycling market?
- What is the Plastic Recycling market's competitive landscape?
- What are the primary drivers assisting Plastic Recycling market growth?
- Which region has the most market share in the Plastic Recycling market?
- What will be the Plastic Recycling market's CAGR throughout the projected period (2022-2027
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