The report presents an in-depth assessment of the Plastic Recycling Market including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Plastic Recycling from 2021 till 2027. The report covers the pre COVID-19 historic data, impact of COVID-19 and post-COVID-19 (Corona Virus) impact on various regions and major countries and on the future development of the industry is pointed out.
Plastic Recycling Market was valued at USD 34.36 Billion in 2019 and is projected to reach USD 56.88 Billion by 2027, growing at a CAGR of 6.52 % from 2020 to 2027.
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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Plastic Recycling Market: MBA Polymers Inc., Phoenix Technologies International LLC, Vikoz Enterprises Inc., Terracycle, KW Plastics, DS Smith PLC, PETCO, CarbonLITE Industries LLC, Waste Connections Inc., Custom Polymers Inc., and others.
The increasing use in packaging, automotive, and electrical & electronics industries, growing awareness regarding energy savings, and knowledge of the negative environmental impact of plastics disposal is expected to fuel the growth of the global plastic recycling market. Moreover, the availability of clean feedstock, coupled with increasing consumer demand, followed by stringent regulations are anticipated to propel the market growth.
-In May 2016 Custom Synthetic Fibers, announced the expansion of its recycled polyester fiber plant which was expected to be operational by mid-summer 2016. The operation is located in Rogersville, Alabama, and is owned by a group of individual investors, major share of which is owned by Custom Polymers Inc., and Custom Polymers PET.
-In November 2016, Plastipak Packaging Inc., acquired the business assets of Evolve Polymers Ltd. (UK), one of Europe’s leading plastics recyclers from Aurelius Equity Opportunities. They have a processing capacity of 6-9 billion PET bottles into food-grade flake and pellets and polypropylene and polyethylene flake.
-In November 2017, SUEZ and LyondellBasell (US) signed on a joint venture focusing on the production of high-quality circular polymers. Under the terms of the agreement, both the companies will be a 50 / 50 stakeholder of QCP3 (Netherlands), which is a high standard plastic recovering company. The company produces PP and HDPE recycled plastics.
-In July 2016, Veolia UK acquired the Euro Closed Loop Recycling plant in Dagenham (UK), for an undisclosed fee. The business was expected to produce around 10,000 tons of high quality food grade HDPE pellets per year.
Regional Analysis For Plastic Recycling Market:
North America (The 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.) The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
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– Potential and niche segments/regions exhibiting promising growth
The research includes historic data from 2015 to 2021 and forecasts until 2027 which makes the report an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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