Title: recycled plastics market Overview To 2027
1Recycled Plastics Market To Reach USD 66.74
Billion By 2026
2 Market Summary
According to the current analysis of Reports and
Data, the global Recycled Plastics Market was
valued at USD 40.26 Billion in 2018 and is
expected to reach USD 66.74 Billion by year 2026,
at a CAGR of 6.5. Recycled plastics are resins
that are manufactured by reusing waste plastic
products. They are produced by recovering plastic
scraps and wastes and then reprocessing them into
useful products. It can be defined as the process
of cleaning, sorting and processing pre-consumer
or post-consumer plastic wastes into resins for
various applications. Most of the plastics are
non-biodegradable in nature. Thus, the only way
to dispose these plastics is to recycle them.
With the rising awareness, there has been a
growth in the demand for this market. The resins
manufactured from the plastic wastes can be used
for several purposes. This versatility of
application makes it an attractive option.
- Further key findings from the report suggest
- Rising awareness about the environmental concerns
has been a key driving factor for the market.
Some of the other key factors include versatility
of application, low costs and strong frameworks
for energy conservation. - Virgin plastics are the main competition to the
Recycled Plastics Market. However, the
non-biodegradability of the virgin plastics has
worked in favor of the Recycled Plastics Market
thus boosting the demand for the same.
3 Market Summary
Key Players
W. Plastics, SUEZ, BB Plastics, Recycled
Plastics Industries, B. Schoenberg Co., Inc.
and Green Line Polymers.
Segmentation
- Type (Revenue, USD Million 20162026)
- Polyethylene terephthalate (PET)
- Polyethylene (PE)
- Polypropylene (PP)
- Polystyrene (PS)
- Poly Vinyl Chloride (PVC)
- Application (Revenue, USD Million 20162026)
- Packaging
- Textiles
- Furniture
- Electricals
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4 Market Summary
Regional Outlook for Industrial Filters Market
analyses the following geographies North
America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and
Southeast Asia) South America (Brazil,
Argentina, Colombia, etc.) Middle East and
Africa (Saudi Arabia, UAE, Egypt, Nigeria, and
South Africa)
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5 Major highlights of the report
- An all-inclusive evaluation of the parent market
- The evolution of significant market aspects
- Industry-wide investigation of market segments
- Assessment of the market value and volume in the
past, present and forecast years - Market share evaluation
- Study of niche industrial sectors
- Tactical approaches of the market leaders
- Lucrative strategies to help companies strengthen
their position in the market
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