Plastic Recycling Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3200/- USD | Published Date: May 24, 2020 |

The global plastic recycling market size was valued at around USD 43 billion in 2019 and expected to register a significant CAGR of 6% during the forecast period 2020 to 2027. The market is contributed by factors such as growing plastic uses in packaging, government initiative for plastic recycling, and impacts of plastic disposable on the environment across the globe. The increasing use of recycled plastic products is also a vital factor to drive market growth. In addition, recycled plastic is widely used in various industries such as packaging, personal care, and food & beverage is also projected to uplift the market.

The market is segmented on the basis of material, source, application, and region. On the basis of application, the packaging segment held the largest share of the global plastic recycling market share in 2019 with more than 36% of market share due to the rapid expansion of the packaging industry. In addition, increasing e-commerce and food delivery industry is projected to support the packaging segment growth over the forecast period.

By region, Asia Pacific dominated the market in 2019 in terms of revenue with around 48% of market share. Increasing adoption of plastic recycling in developing countries such as China and India is expected to grow the plastic recycling market in Asia Pacific region over the forecast period. China is the dominating country for plastic recycling due to the increasing use of recycled plastic in various industries such as packaging and food & beverage.

The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which help to formulate competitive market strategies and make informed decisions. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market, and expert opinion obtained from interviews with industry executives and experts from prominent companies.

Global plastic recycling market size and forecast were obtained by using "Bottom-up" and "Top-down" approaches. Extensive secondary research was conducted to understand the market insights and trends, followed by primary interviews to further validate the information sourced. The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which helps to formulate competitive market strategies and make informed decisions.

Plastic Recycling Market research report presents the analysis of each segment from 2018 to 2027 considering 2018 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments are calculated for the forecast period from 2020 to 2027.

Historical & Forecast Period

  • 2018 - Historical Year for plastic recycling Market
  • 2019 - Base Year for plastic recycling Market
  • 2020-2027 - Forecast Period for plastic recycling Market

Plastic Recycling Market Segmentation:

By Material:

  • Polyethylene Terephthalate (PET)
  • Polypropylene (PP)
  • High-Density Polyethylene (HDPE)
  • Low-Density Polyethylene (LDPE)
  • Polystyrene (PS)
  • Polyvinyl Chloride (PVC)
  • Others

By Source:

  • Bottles
  • Films
  • Fibers
  • Foams
  • Pipes
  • Others

By Application:

  • Packaging
  • Automotive
  • Textiles
  • Construction
  • Personal Care & Household
  • Food & Beverage
  • Others

List of Key Companies:

  • MBA Polymers, Inc.
  • MOL Group
  • Plasgran Ltd
  • Novolex
  • Phoenix Technologies International LLC
  • Vikoz Enterprises, Inc.
  • Plastic Recycling, Inc.
  • Terracycle US, Inc.

Geographic Coverage:

  • North America Market Revenue and/or Volume
  • Europe Market Revenue and/or Volume
  • Asia Pacific Market Revenue and/or Volume
  • Middle-East and Africa Market Revenue and/or Volume
  • Latin America Market Revenue and/or Volume

The report includes a deep-dive analysis of key countries including the U.S., Canada, the U.K., Germany, France, China, Japan, India, Australia, Mexico, Brazil and South Africa, among others. Thereby, the report identifies unique growth opportunities across the world based on trends occurring in various developed and developing economies.

Report Coverage

  • Research Methodology
  • Research Scope
  • Executive Market Summary: Industry Snapshot
  • Industry Outlook
  • Critical Success Factors (CSFs) for the Market
  • Market Dynamics
  • Key Opportunities
  • Market Porters Five Force Analysis
  • Market Value Chain/Ecosystem Analysis
  • Market Attractive Investment Proposition
  • Market PESTEL Analysis
  • Market Positioning of Key Vendors
  • Market Segmentation Outlook
  • Regional Outlook
  • Company Profiles of Key Vendors

Key Questions Answered by Plastic Recycling Market Report

  • Global plastic recycling market forecasts from 2020-2027
  • Regional plastic recycling market forecasts from 2020-2027 covering Asia-Pacific, North America, Europe, Middle East and Africa, and Latin America
  • Country level forecasts from 2020-2027 covering 15 major countries from aforementioned regions
  • Plastic Recycling submarket forecasts from 2020-2027 covering submarket 1, submarket 2 submarket 3
  • Various industry models such as SWOT analysis, Pestle Analysis, Porter's Five Force model, Value Chain Analysis pertaining to plastic recycling market
  • Analysis of the key factors driving and restraining the growth of the global, regional and country level plastic recycling markets from 2020-2027
  • Competitive Landscape and market positioning of top 10 players operating in the plastic recycling market
  • Profiles and market share of the leading 10 companies in 2019 at a global level
The global plastic recycling market size was valued at around USD 43 billion in 2019 and expected to register a significant CAGR of 6% during the forecast period 2020 to 2027. The market is contributed by factors such as growing plastic uses in packaging, government initiative for plastic recycling, and impacts of plastic disposable on the environment across the globe. The increasing use of recycled plastic products is also a vital factor to drive market growth. In addition, recycled plastic is widely used in various industries such as packaging, personal care, and food & beverage is also projected to uplift the market.

The market is segmented on the basis of material, source, application, and region. On the basis of application, the packaging segment held the largest share of the global plastic recycling market share in 2019 with more than 36% of market share due to the rapid expansion of the packaging industry. In addition, increasing e-commerce and food delivery industry is projected to support the packaging segment growth over the forecast period.

By region, Asia Pacific dominated the market in 2019 in terms of revenue with around 48% of market share. Increasing adoption of plastic recycling in developing countries such as China and India is expected to grow the plastic recycling market in Asia Pacific region over the forecast period. China is the dominating country for plastic recycling due to the increasing use of recycled plastic in various industries such as packaging and food & beverage.

The report provides both, qualitative and quantitative analyses of the market, the competitive landscape, and the preferred development strategies of key players which help to formulate competitive market strategies and make informed decisions. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market, and expert opinion obtained from interviews with industry executives and experts from prominent companies.
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