Why We Need To Recycle The Plastics?

Plastic recycling is the process of recovering and reprocessing plastic waste into some useful products. A large amount of plastic usage and harmful impact of plastic waste on the environment have led to the necessity of the plastic recycling processes. Recycled plastics are used in wide ranges of goods including plastic bottles, carry bags, office accessories and drainage pipes, among others. Recycled plastic also finds broad applicability in various end-use industries including textiles, packaging and automotive.

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Plastic Recycling
The plastic recycling market is anticipated to grow in the forecast period owing to driving factors such as the negative impact of plastics disposal on the environment and growing awareness regarding energy savings. Further, increased use of recycled plastics in packaging, electrical & electronics and automotive industries significantly contribute to the plastic recycling market growth. However, the plastic recycling market is facing stringent completion from virgin plastics market, thereby, hampering the market growth. On the other hand, favorable policies promoting recycled plastics in developed countries and increased use of such plastics in the textile industry in the developing countries represent significant growth opportunities for the market players during the forecast period.

The "Global Plastic Recycling Market Analysis to 2027" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of plastic recycling market with detailed market segmentation by source, type, end use industry and geography. The global plastic recycling market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading plastic recycling market players and offers key trends and opportunities in the market.

The global plastic recycling market is segmented on the basis of source, type and end use industry. Based on source, the market is segmented as bottles, films, fibers, foams and others. On the basis of type, the market is segmented as polyethylene terephthalate, polyethylene, polypropylene, polyvinyl chloride, polystyrene and others. The market on the basis of the end use industry is classified as packaging, building and construction, textile, automotive, electrical & electronics and others.

Leading Players

Clear Path Recycling, LLC

CUSTOM POLYMERS

Green Line Polymers

Imerys

J&A Young (Leicester) Ltd.

MBA Polymers Inc.

PLASgran Ltd.

Plastipak Holdings, Inc.

ULTRA-POLY

Veolia Group

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