Market Overview: Global Plastic Recycling Market

MarkNtel Advisors, a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on the Global Plastic Recycling Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.

Plastic Recycling Market Insights 2024-30

The Global Plastic Recycling Market size is valued at nearly USD 32.9 billion in 2023 is predicted to reach about USD 59.23 billion by 2030.

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Top Players in the Plastic Recycling Market:

• Veolia
• Suez
• KW Plastic
• Jayplas
• Schoenberg Co.
• BB Plastics
• Green Line Polymers
• Clear Path Recycling
• Custom Polymers
• Plastipak Holdings.
• Others

Segmentation Analysis of Plastic Recycling Market

Plastic Recycling Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2024-30, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.

-By Type

• Polyethylene Terephthalate (PET)
• Polyethylene (PE)
• Polypropylene (PP)
• Polyvinyl Chloride (PVC)
• Polystyrene (PS)

Polyethylene Terephthalate (PET) holds a leading share of the Plastic Recycling Market, and this trend is expected to continue through 2030. PET stands out due to its high recycling rate compared to other plastic types, making it a preferred choice. The widespread use of PET in the production of plastic bottles on a global scale is a primary driver behind its dominant position in the market. The expanding utilization of PET in the food beverage industry for packaging a wide range of products, including salad dressings, shampoos, window cleaners, and tennis balls, is contributing to the growth of the PET segment.

Additionally, PET's cost efficiency remarkable flexibility further enhances its applications across various sectors such as textiles, films, automotive, electronics, and more. These factors collectively reinforce PET's prominence across the global market.

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-By Source

• Bottles- Market Size Forecast 2019-2030, USD Million
• Films- Market Size Forecast 2019-2030, USD Million
• Fibers- Market Size Forecast 2019-2030, USD Million
• Foams- Market Size Forecast 2019-2030, USD Million

-By Plastic Type

• Polyethylene Terephthalate (PET) - Market Size Forecast 2019-2030, USD Million
• Polyethylene (PE)- Market Size Forecast 2019-2030, USD Million
• Polypropylene (PP)- Market Size Forecast 2019-2030, USD Million
• Polyvinyl Chloride (PVC)- Market Size Forecast 2019-2030, USD Millio

-By Process

• Mechanical Recycling - Market Size Forecast 2019-2030, USD Million
• Chemical Recycling - Market Size Forecast 2019-2030, USD Million

-By Application

• Packaging- Market Size Forecast 2019-2030, USD Million
• Building Construction- Market Size Forecast 2019-2030, USD Million
• Textiles- Market Size Forecast 2019-2030, USD Million
• Automotive- Market Size Forecast 2019-2030, USD Million
• Electrical Electronics- Market Size Forecast 2019-2030, USD Million

A Comprehensive Geographical Analysis:

-By Region

• North America
• South America
• Europe
• Middle East Africa
• Asia-Pacific

The Asia-Pacific region is poised to hold its dominance in the Global Plastic Recycling Market throughout the forecast period. This position is primarily attributed to the substantial generation of plastic waste in the region, coupled with the growing number of government initiatives across many countries to address the escalating concerns related to plastic waste the imperative to promote recycling. As per projections by the United Nations, plastic waste generation in the Asia-Pacific region is anticipated to reach approximately 140 million tons by 2030.

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