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Global Plastic Recycling Market Trends, Analysis, And Forecast To 2025
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Description

Plastic recycling is the method of recovering either scrap or waste plastic and reprocessing the material into some kind of useful products. Large amount of plastic that is used is of non-biodegradable nature; therefore its recycling is an effort to decrease plastic in the waste stream. Thus, it will enable us to reduce the enormous amount of plastic pollution. The process of plastic recycling includes utilizing any type of plastic, arranging it into various polymers and then chipping it and melting it down to pellets. After encompassing this stage, it can be used to make items of any category such as plastic chairs or tables. The process of recycling also involves soft plastics such as polyethylene film and bags. This plastic recycling operation has been taking place since the 1970s and thus, has made the plastic products production amongst the most efficient operations presently.

The global plastic recycling market can be classified based on source, type and region. On the basis of source, the global plastic recycling market is classified into rigid and non-rigid plastics. Depending upon type, the global market is segmented into high-density polyethylene (HDPE), low-density polyethylene (LDPE), polyethylene terephthalate (PET), polypropylene (PP), and others.

Among the market segments, the demand for recycled HDPE and PET plastics are expected to command a major share in the global market. These types of plastics are majorly utilized for preparing bottles utilized as household chemicals, storage containers, and personal care products. The higher grade of HDPE is utilized for preparing milk bottles, beverage containers, juice cans, and other edible liquid cans.

The global plastic recycling market is expected to garner maximum revenue in the forecast period. Factors such rising concern for the environment has deepened the focus on recycling plastics. Although plastic has large number of applications in healthcare, automotive, defense, and energy industries, the plastics material recycling becomes significant from an environmental opinion as it enables to keep global warming, environmental pollution and ozone layer depletion, under control. Therefore, the increased concern for the environment is anticipated to fuel the recycled plastics market growth in the future.

Based on regions, the global plastic recycling market is divided into North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and Latin America. The North American region is anticipated to command the maximum market share and would lead the plastic recycling market during the forecast period. Factors such as the easy availability of skilled workforce as well as advanced techniques for recycling PET, HDPE, and PP plastics in the region is expected to fuel the plastic recycling market during the forecast period.

The Asia-Pacific region is expected to witness the swiftest growth in the plastic recycling market. This region is highly engaged in activities such as parings and transforming the plastic scrap into recycled resins for additional applications. The availability of cheap labor and lenient governmental regulations have resulted in the swift growth of this region.  

The major companies that are engaged in plastic recycling include Kuusakoski Oy, Plasgran Ltd., Envisison Plastics, KW plastics, Avangard Innovative, B. Schoenberg & Co, Custom Polymers, Delta Plastics and UltrePET among others.

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Table of Content

  1. EXECUTIVE SUMMARY
  2. RESEARCH METHODOLOGY
    1. Market Definition
    2. Market Scope
    3. Data Sources
  3. MARKET DYNAMICS
    1. Market Drivers
    2. Market Restraints
    3. Market Opportunities
  4. INDUSTRY OVERVIEW
    1. Value Chain Analysis
    2. Porter’s Five Forces Analysis
    3. Key Trends
  5. GLOBAL PLASTIC RECYCLING MARKET BY SOURCE (2017-2023)
    1. Global Plastic Recycling Market by Rigid Plastic
    2. Global Plastic Recycling Market by Non-Rigid Plastic
  6. GLOBAL PLASTIC RECYCLING MARKET BY TYPE (2017-2023)
    1. Global Plastic Recycling Market by High-density Polyethylene (HDPE)
    2. Global Plastic Recycling Market by Low-density Polyethylene (LDPE)
    3. Global Plastic Recycling Market by Polyethylene Terephthalate (PET)
    4. Global Plastic Recycling Market by Polypropylene (PP)
    5. Global Plastic Recycling Market by Others
  7. GLOBAL PLASTIC RECYCLING MARKET, BY REGIONS (2017-2023)
    1. North America Plastic Recycling Market
      1. North America Plastic Recycling Market by Source
      2. North America Plastic Recycling Market by Type
      3. North America Plastic Recycling Market by Country
        1. U.S. Plastic Recycling Market
        2. Rest of North America Plastic Recycling Market
    2. Europe Plastic Recycling Market
      1. Europe Plastic Recycling Market by Source
      2. Europe Plastic Recycling Market by Type
      3. Europe Plastic Recycling Market by Country
        1. France Plastic Recycling Market
        2. Germany Plastic Recycling Market
        3. U.K Plastic Recycling Market
        4. Rest of Europe Plastic Recycling Market
    3. Asia Pacific Plastic Recycling Market
      1. Asia-Pacific Plastic Recycling Market by Source
      2. Asia-Pacific Plastic Recycling Market by Type
      3. Asia-Pacific Plastic Recycling Market by Country
        1. China Plastic Recycling Market
        2. Japan Plastic Recycling Market
        3. India Plastic Recycling Market
        4. Rest of Asia Pacific Plastic Recycling Market
    4. Middle East & Africa Plastic Recycling Market
      1. Middle East & Africa Plastic Recycling Market by Source
      2. Middle East & Africa Plastic Recycling Market by Type
      3. Middle East & Africa Plastic Recycling Market by Country
        1. GCC Plastic Recycling Market
        2. North Africa Plastic Recycling Market
        3. South Africa Plastic Recycling Market
        4. Rest of Middle East & Africa Plastic Recycling Market
    5. Latin America Plastic Recycling Market
      1. Latin America Plastic Recycling Market by Product
      2. Latin America Plastic Recycling Market by Application
      3. Latin America Plastic Recycling Market by Country
        1. Brazil Plastic Recycling Market
        2. Rest of Latin America Plastic Recycling Market
  8. MARKET COMPETITION ANALYSIS
    1. Market Share/Positioning Analysis
    2. Key Innovators
    3. Company Profiles
      1. Delta Plastics
        1. Overview
        2. Type/Service Offerings
        3. Strategy
        4. Key Developments
      2. UltrePet
        1. Overview
        2. Type/Service Offerings
        3. Strategy
        4. Key Developments
      3. Custom Polymers
        1. Overview
        2. Type/Service Offerings
        3. Strategy
        4. Key Developments
      4. B.Schoenberg & Co.
        1. Overview
        2. Type/Service Offerings
        3. Strategy
        4. Key Developments
      5. Avangard Innovative
        1. Overview
        2. Type/Service Offerings
        3. Strategy
        4. Key Developments
      6. K.W.Plastics
        1. Overview
        2. Type/Service Offerings
        3. Strategy
        4. Key Developments
      7. Envisision Plastics
        1. Overview
        2. Type/Service Offerings
        3. Strategy
        4. Key Developments
      8. Plasgran Ltd.
        1. Overview
        2. Type/Service Offerings
        3. Strategy
        4. Key Developments
      9. Kuusakoski Oy
        1. Overview
        2. Type/Service Offerings
        3. Strategy
        4. Key Developments

Research Methodology

This research study involved the usage of extensive secondary sources; directories; databases such as Hoovers, Bloomberg Business, Factiva, and Avention; white papers; annual reports; company house documents; and SEC filings of companies. Secondary research was mainly used to identify and collect information useful for the extensive, technical, market-oriented, and commercial study of the market. It was also used to obtain key information about the market classification and segmentation according to the industry trends, regional markets, and developments related to the market and technology perspectives. Primary sources were mainly several industry experts from core and related industries; and preferred suppliers, manufacturers, distributors, service providers, technology developers, researchers, and organizations related to all segments of this industry‘s value chain. In-depth interviews were conducted from various primary respondents which included key industry participants, subject-matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information as well as to assess future prospects. The following figure shows the market research methodology applied in making this report.



After the complete market engineering (which includes calculations for market statistics, market breakdown, market size estimation, market forecasting, and data triangulation), extensive primary research was conducted to gather information and to verify and validate the critical numbers arrived at. Primary research was also conducted to identify the segmentation types and key market dynamics such as drivers, restraints, and opportunities.

In the complete market engineering process, both top-down and bottom-up approaches were extensively used along with several data triangulation methods to perform market estimation and market forecasting for the overall market segments and subsegments listed in this report. Extensive qualitative and quantitative analysis was performed on the complete market engineering process to list key information/insights throughout the report.

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