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The Global Recycled Plastics Market is expected to reach $62.41 billion by 2028 growing at a CAGR of 5.3% from 2021 to 2028. Plastic has become one of the most considerable troubles to the environment, and with the rise in consumer awareness, the need for recycling plastic is gaining traction. Recycled plastics are waste or scrap plastic materials that are processed into useful products. As most of the polymer materials used globally are non-biodegradable, recycling of these materials is the solution to reduce the burden of polymer present in the environment. These recycled plastics have gone from localized marketplaces, where demand is based purely on cost effectiveness against virgin equivalents, to a global market where demand is focused on the highest value material. Factors such as increasing awareness regarding energy savings and government responses, developing new recycling technologies, and rising favourable initiatives to promote the use of recycled plastics are driving the growth of the market. However, complications in the collection of raw materials and ban on imports of scrap or waste plastics in China are restraining the growth of the market. Based on product, the polypropylene (PP) segment is going to have a lucrative growth during the forecast period which can be attributed to its rising usage in medical devices, manufacturing automotive components, packaging & labeling, and diverse laboratory equipment due to its excellent mechanical and chemical properties. Moreover, components produced using polypropylene are fatigue resistant, which is beneficial in the building & construction industry for producing piping systems, consumer-grade daily-use products, manufacturing mats, carpets & rugs, plastic hinges, among various other applications. In addition, the growth of the building & construction, automotive, and packaging industries is expected to drive the demand for polypropylene. The key vendors mentioned are Custom Polymers, Biffa, B&B Plastics, Jayplas, Indorama Ventures Public Ltd, Alpek, Clear Path Recycling, B. Schoenberg & Co, MBA Polymers, Remondis SE & Co. KG, Plastipak Holdings, KW Plastics, Veolia, Republic Services, Suez, Stericycle, and Waste Connections, Inc. Products Covered: • Polyamides • Polyethylene (PE) • Polyethylene Terephthalate (PET) • Polypropylene (PP) • Polystyrene (PS) • Polyvinyl Chloride (PVC) Recycling Processes Covered: • Chemical • Mechanical Sources Covered: • Foams • Films • Fibers • Bottles End Users Covered: • Textile • Packaging • Electrical & Electronics • Building & Construction • Automotive Regions Covered: • North America • Europe • Asia Pacific • South America • Middle East & Africa Key Questions Answered in this Report: • How this market evolved since the year 2020 • Market size estimations, forecasts and CAGR for all the segments presented in the scope • Key Market Developments and financials of the key players • Opportunity Analysis for the new entrants • SWOT Analysis of the key players • Fastest growing markets analyzed during the forecast period
1 Market Synopsis
2 Research Outline
2.1 Research Snapshot
2.2 Research Methodology
2.3 Research Sources
2.3.1 Primary Research Sources
2.3.2 Secondary Research Sources
3 Market Dynamics
3.1 Drivers
3.2 Restraints
4 Market Environment
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Recycled Plastics Market, By Product
5.1 Introduction
5.2 Polyamides
5.3 Polyethylene (PE)
5.4 Polyethylene Terephthalate (PET)
5.5 Polypropylene (PP)
5.6 Polystyrene (PS)
5.7 Polyvinyl Chloride (PVC)
6 Global Recycled Plastics Market, By Recycling Process
6.1 Introduction
6.2 Chemical
6.3 Mechanical
7 Global Recycled Plastics Market, By Source
7.1 Introduction
7.2 Foams
7.3 Films
7.4 Fibers
7.5 Bottles
8 Global Recycled Plastics Market, By End User
8.1 Introduction
8.2 Textile
8.3 Packaging
8.4 Electrical & Electronics
8.5 Building & Construction
8.6 Automotive
9 Global Recycled Plastics Market, By Geography
9.1 Introduction
9.2 North America
9.3 Europe
9.4 Asia Pacific
9.5 South America
9.6 Middle East & Africa
10 Strategic Benchmarking
11 Vendors Landscape
11.1 Custom Polymers
11.2 Biffa
11.3 B&B Plastics
11.4 Jayplas
11.5 Indorama Ventures Public Ltd
11.6 Alpek
11.7 Clear Path Recycling
11.8 B. Schoenberg & Co
11.9 MBA Polymers
11.10 Remondis SE & Co. KG
11.11 Plastipak Holdings
11.12 KW Plastics
11.13 Veolia
11.14 Republic Services
11.15 Suez
11.16 Stericycle
11.17 Waste Connections, Inc
List of Data Tables
1 Global Recycled Plastics Market Outlook, By Region (2020-2028) ($MN)
2 Global Recycled Plastics Market Outlook, By Product (2020-2028) ($MN)
3 Global Recycled Plastics Market Outlook, By Polyamides (2020-2028) ($MN)
4 Global Recycled Plastics Market Outlook, By Polyethylene (PE) (2020-2028) ($MN)
5 Global Recycled Plastics Market Outlook, By Polyethylene Terephthalate (PET) (2020-2028) ($MN)
6 Global Recycled Plastics Market Outlook, By Polypropylene (PP) (2020-2028) ($MN)
7 Global Recycled Plastics Market Outlook, By Polystyrene (PS) (2020-2028) ($MN)
8 Global Recycled Plastics Market Outlook, By Polyvinyl Chloride (PVC) (2020-2028) ($MN)
9 Global Recycled Plastics Market Outlook, By Recycling Process (2020-2028) ($MN)
10 Global Recycled Plastics Market Outlook, By Chemical (2020-2028) ($MN)
11 Global Recycled Plastics Market Outlook, By Mechanical (2020-2028) ($MN)
12 Global Recycled Plastics Market Outlook, By Source (2020-2028) ($MN)
13 Global Recycled Plastics Market Outlook, By Foams (2020-2028) ($MN)
14 Global Recycled Plastics Market Outlook, By Films (2020-2028) ($MN)
15 Global Recycled Plastics Market Outlook, By Fibers (2020-2028) ($MN)
16 Global Recycled Plastics Market Outlook, By Bottles (2020-2028) ($MN)
17 Global Recycled Plastics Market Outlook, By End User (2020-2028) ($MN)
18 Global Recycled Plastics Market Outlook, By Textile (2020-2028) ($MN)
19 Global Recycled Plastics Market Outlook, By Packaging (2020-2028) ($MN)
20 Global Recycled Plastics Market Outlook, By Electrical & Electronics (2020-2028) ($MN)
21 Global Recycled Plastics Market Outlook, By Building & Construction (2020-2028) ($MN)
22 Global Recycled Plastics Market Outlook, By Automotive (2020-2028) ($MN)
23 North America Recycled Plastics Market Outlook, By Product (2020-2028) ($MN)
24 North America Recycled Plastics Market Outlook, By Recycling Process (2020-2028) ($MN)
25 North America Recycled Plastics Market Outlook, By Source (2020-2028) ($MN)
26 North America Recycled Plastics Market Outlook, By End User (2020-2028) ($MN)
27 Europe Recycled Plastics Market Outlook, By Product (2020-2028) ($MN)
28 Europe Recycled Plastics Market Outlook, By Recycling Process (2020-2028) ($MN)
29 Europe Recycled Plastics Market Outlook, By Source (2020-2028) ($MN)
30 Europe Recycled Plastics Market Outlook, By End User (2020-2028) ($MN)
31 Asia Pacific Recycled Plastics Market Outlook, By Product (2020-2028) ($MN)
32 Asia Pacific Recycled Plastics Market Outlook, By Recycling Process (2020-2028) ($MN)
33 Asia Pacific Recycled Plastics Market Outlook, By Source (2020-2028) ($MN)
34 Asia Pacific Recycled Plastics Market Outlook, By End User (2020-2028) ($MN)
35 South America Recycled Plastics Market Outlook, By Product (2020-2028) ($MN)
36 South America Recycled Plastics Market Outlook, By Recycling Process (2020-2028) ($MN)
37 South America Recycled Plastics Market Outlook, By Source (2020-2028) ($MN)
38 South America Recycled Plastics Market Outlook, By End User (2020-2028) ($MN)
39 Middle East & Africa Recycled Plastics Market Outlook, By Product (2020-2028) ($MN)
40 Middle East & Africa Recycled Plastics Market Outlook, By Recycling Process (2020-2028) ($MN)
41 Middle East & Africa Recycled Plastics Market Outlook, By Source (2020-2028) ($MN)
42 Middle East & Africa Recycled Plastics Market Outlook, By End User (2020-2028) ($MN)