The Global Recyclable Plastics Market size is expected to reach USD 67.42 Billion in 2028 and register a revenue CAGR of 5.5% over the forecast period, according to a latest report by Reports and Data. Increasing negative effects of plastic disposal on the environment, and rising number of initiatives by governments of various countries globally to promote use of recyclable plastics are factors expected to drive market revenue growth during the forecast period. Increasing number of product applications in electrical electronics industry are also expected to boost revenue growth of the market. Companies are using recyclable plastics required as per contracts for following sustainable industry programs, and recyclable materials are now being employed in a wide range of products. Demand for recyclable plastics is expected to rise due to increasing use of recyclable materials by key players operating in the global electrical electronics industry. These factors are expected to boost revenue growth of the global recyclable plastics market during the forecast period.
However, inconsistency in collection of large volumes of raw materials such as plastic waste and scraps, which is important to make recyclable plastics is a major factor that could hamper revenue revenue growth of the market during the forecast period.
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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 Recyclable Plastics market will reach USD XX billion in 2028, registering a strong revenue CAGR of XX%.
Some of the Leading Market Players Are Listed Below:
- Suez Recycling Recovery Holdings Pty Limited,
- Schoenberg Co., Inc.,
- CarbonLite Industries LLC,
- Veolia Environnement S.A.,
- Jayplas,
- Clear Path Recycling, LLC,
- Avangard Innovative LP,
- Ultrepet LLC,
- Kw Plastics, Inc.,
- Biffa plc
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The Global Recyclable 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:
By Type Outlook
- Polyethylene Terephthalate (PET)
- Polyethylene (PE)
- Low-density Polyethylene (LDPE)
- High-density Polyethylene (HDPE)
- Others
By Source Outlook
- Plastic Films
- Plastic Bottles
- Others
By Recycling Processes Outlook
- Mechanical Recycling
- Chemical Recycling
By Application Outlook
- Packaging
- Building Construction
- Textiles
- 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 Recyclable 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 Recyclable 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 Recyclable 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, 2023-2028
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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