The Global Food-Grade Recycled Plastics Market is forecast to reach USD 40.58 Billion by 2027, according to a new report by Reports and Data. In recent years, recycled plastics can be seen to become highly significant and relevant. The rising awareness about plastic disposal in landfills and the formulation of relevant policies are some of the mentionable factors fostering the market growth. Increasing emphasis on manufacturing materials and methods associated with recycled plastics is also acting in favor of the growth of the sector. Various start-ups are making an effort to penetrate the market by developing innovative ways of recycling plastics. As an instance, the Cat-HTR, a start-up in Australia, has developed the Cat-HTR, a unique hydrothermal upgrading platform that can economically and quickly transform waste plastic, industry residues, and various biomass into a biocrude or synthetic oil for producing sustainable chemicals and fuels. Such developments by start-up companies would result in enriching the market.
The COVID-19 Impact: One of the major impacts of COVID-19 on the market has been elevated issues with collecting raw materials. It has been reported by various market players that staff shortage is resulting in delayed collection of the sources needed for manufacturing this recycled plastic. Such delayed collection of the sources would result in negatively impacting the market growth, which would be particularly observed in the first three quarters of 2020. Another impact associated with COVID-19 on the mart has been fire incidents, particularly observed in the U.S. As of March 2020, there have been 18 fire incidents in the region, of which ten incidents occurred in paper, waste, and plastic facilities. Fire incidents in these facilities would act as a major setback in the functioning of the market players. Such incidents are resulting in full or temporary shutdowns of few recycling programs, process alteration, staffed hours, and mismanagement.
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Market Overview:
A rapidly increasing global population, a significant increase in consumer goods demand worldwide, increased development of advanced and environmentally friendly packaging materials, a focus on reducing carbon emissions, and the introduction of environmentally sustainable packaging solutions all play a key role in driving revenue growth in the global packaging industry. Retail e-commerce, food beverage, consumer electronics, pharmaceutical, and others are among the industries that are requiring environmentally sustainable packaging solutions. Increasing research development activities for advanced and environmentally sustainable packaging techniques, rapid growth of the manufacturing industry, increasing imports and exports of consumer goods around the world, and increases in government investment in the transportation and logistics industry are some of the major factors contributing to the growth of the global packaging industry. The development of cold chain logistics infrastructure and technological advances are also major factors driving growth in the global packaging market. It is projected that the Food-Grade Recycled Plastics market will reach USD XX billion in 2027, registering a strong revenue CAGR of XX%.
Some of the Leading Market Players Are Listed Below:
- Suez,
- Veolia,
- Jayplas,
- KW Plastics,
- BB Plastics,
- Schoenberg Co.,
- Clear Path Recycling,
- Green Line Polymers,
- Nestlé,
- Plastipak Holdings
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The Global Food-Grade Recycled Plastics Market Is Segmented Into:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Market Segmentation:
Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- Polyethylene Terephthalate
- Polypropylene
- High-density polyethylene
- Polystyrene
- Polyvinyl Chloride
- Polyethylene
- Others
Source Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- Bottles
- Films
- Others
End-use Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- Clear tough plastic
- White/Colored plastic
- Soft flexible plastic
- Hard/flexible plastic
- Rigid brittle plastic
- Others
Application Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2017-2027)
- Packaging
- Films sheets
- Others
Some Points on How the Report Benefits Readers:
- Deep-dive analysis of the key drivers, opportunities, and restraints.
- Qualitative and quantitative analyses of the global Food-Grade Recycled Plastics market.
- Comprehensive analysis of the key regional markets and their respective revenue CAGRs.
- Precise evaluation of each regional market’s production consumption capacities.
- An overview of the highly competitive environment of the Food-Grade Recycled Plastics industry and company overviews.
- Focus on the key strategies implemented by the key market players, such as partnerships, collaborations, acquisitions, new product launches, and various other strategies.
Table of Contents (ToC) – Global Food-Grade Recycled Plastics Market
Chapter 1. Methodology Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary Sources
1.4.2. Secondary Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2023-2027
Chapter 3. Key Insights
Chapter 4. Global Pharma Healthcare Market Segmentation
4.1. Global Pharma Healthcare Market COVID-19 Impact Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers’ analysis
4.2.3. Market restraints analysis
4.3. Technological Insights
4.4. Porter’s Five Forces Analysis
4.5. Regulatory Framework
4.6. Price trend Analysis
4.7. Competitive Metric Space Analysis
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