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The Recycled Plastics Market is a growing market with an average CAGR of 6.5% during the forecast period. Globally, only 14% of the plastic packaging it uses are recycled, where rest of it ends up in the oceans each year, indirectly causing harm to the aquatic biodiversity. - 52)    7.1 Introduction     7.2 Polyethylene Terephthalate            7.3.1 HDPE            7.3.2 LDPE    7.3 Polyethylene     7.4 Polypropylene     7.5 Polyvinyl Chloride     7.6 Polystyrene     7.7 Others, 8 Recycled Plastics Market, By Plastic Recycling Method (Page No. Who will be your Top Customer; what will make them switch? The company produces PP and HDPE recycled plastics.         2.4.2    Top-Down Approach Figure 25: Global: Recycled Plastics (From Rigid Plastic and Foam) Market: Sales Value (in Million US$), 2014 & 2019 Packaging is estimated to be the fastest-growing end-use industry of the recycled plastics market during the forecast period.         6.3.2 Market Forecast Its primary purpose is to connect sources of recycled plastic with buyers of recycled plastic.         5.11.4    Degree of Competition Recycled plastic export report: October 2020. 5   Global Recycled Plastics Market         7.1.2 Market Forecast Moreover, the institute assessed that producing one unit of bottled water requires three liters of water.         11.3.6    Veolia  With the growing concern of effects of plastics pollutions, recycled plastics is fast becoming the solution to limit it, as recycling results in decrease in use of energy, material usage and improve eco-efficiency. Figure 3: Global: Recycled Plastics Market: Breakup by Plastic Type (in %), 2019 Pricing Analysis of Recycled Plastic Market, By Methods, 2018 to 2026 3.4.4. Figure 12: Global: Recycled Plastics Market Forecast (Polyethylene Terephthalate - PET): Sales Value (in Million US$), 2020-2025 Figure 49: Middle East and Africa: Recycled Plastics Market: Sales Value (in Million US$), 2014 & 2019 - 137)     13.1 Discussion Guide      13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal      13.3 Introducing RT: Real-Time Market Intelligence      13.4 Available Customizations      13.5 Related Reports      13.6 Author Details, Table 1 Global Per Capita GDP, 2016–2022Table 2 Trends and Forecast of Construction Industry, By Country, 2014–2021 (USD Billion)Table 3 Recycled Plastics Market Size, By Source, 2015–2022 (USD Million)Table 4 Recycled Plastic Market Size From Bottles, By Region, 2015–2022 (USD Million)Table 5 Recycled Plastics Market Size From Films, By Region, 2015–2022 (USD Million)Table 6 Recycled Plastic Market Size From Fibers, By Region, 2015–2022 (USD Million)Table 7 Recycled Plastics Market Size From Foams, By Region, 2015–2022 (USD Million)Table 8 Recycled Plastic Market Size From Other Sources, By Region, 2015–2022 (USD Million)Table 9 Recycled Plastics Market Size, By Type, 2015–2022 (USD Million)Table 10 Recycled Plastic Market Size, By Type, 2015–2022 (Kiloton)Table 11 Pet Recycled Plastics Market Size, By Region, 2015–2022 (USD Million)Table 12 Pet Recycled Plastic Market Size, By Region, 2015–2022 (Kiloton)Table 13 Polyethylene Recycled Plastics Market Size, By Region, 2015–2022, (USD Million)Table 14 Polyethylene Recycled Plastic Market Size, By Region, 2015–2022, (Kiloton)Table 15 Polypropylene Recycled Plastics Market Size, By Region, 2015–2022 (USD Million)Table 16 Polypropylene Recycled Plastic Market Size, By Region, 2015–2022 (Kiloton)Table 17 Polyvinyl Chloride Recycled Plastics Market Size, By Region, 2015–2022, (USD Million)Table 18 Polyvinyl Chloride Recycled Plastic Market Size, By Region, 2015–2022, (Kiloton)Table 19 Polystyrene Recycled Plastics Market Size, By Region, 2015–2022, (USD Million)Table 20 Polystyrene Recycled Plastic Market Size, By Region, 2015–2022, (Kiloton)Table 21 Other Recycled Plastics Market Size, By Region, 2015–2022 (USD Million)Table 22 Other Recycled Plastic Market Size, By Region, 2015–2022 (Kiloton)Table 23 Recycled Plastics, By End-Use Industry, 2015-2022 (USD Million)Table 24 Recycled Plastics Market Size in Packaging End-Use Industry, By Region, 2015–2022 (USD Million)Table 25 Recycled Plastic Market Size in Building & Construction, By Region, 2015–2022 (USD Million)Table 26 Recycled Plastic Market Size in the Textile End-Use Industry, By Region, 2015–2022 (USD Million)Table 27 Recycled Plastics Market Size in Automotive End-Use Industry, By Region, 2015–2022 (USD Million)Table 28 Recycled Plastic Market Size in Electrical & Electronics End-Use Industry, By Region, 2015–2022 (USD Million)Table 29 Recycled Plastics Market Size in Other End-Use Industries, By Region, 2015–2022 (USD Million)Table 30 Recycled Plastic Market Size, By Region, 2015–2022 (USD Million)Table 31 By Market Size, By Region, 2015–2022 (Kiloton)Table 32 APAC: Recycled Plastics Market Size, By Country, 2015–2022 (USD Million)Table 33 APAC: Recycled Plastic Market Size, By Country, 2015–2022 (Kiloton)Table 34 APAC: Recycled Plastic Market Size, By Type, 2015–2022 (USD Million)Table 35 APAC: Recycled Plastic Market Size, By Type, 2015–2022 (Kiloton)Table 36 APAC: Recycled Plastic Market Size, By Source, 2015–2022 (USD Million)Table 37 APAC: Recycled Plastic Market Size, By End-Use Industry, 2015–2022 (USD Million)Table 38 China: Recycled Plastics Market, By End-Use Industry, 2015–2022 (USD Million)Table 39 Japan: Recycled Plastics Market, By End-Use Industry, 2015–2022 (USD Million)Table 40 India: Recycled Plastics Market, By End-Use Industry, 2015–2022 (USD Million)Table 41 South Korea: Recycled Plastics Market, By End-Use Industry, 2015–2022 (USD Million)Table 42 Rest of APAC: Recycled Plastics Market, By End-Use Industry, 2015–2022 (USD Million)Table 43 Europe: Recycled Plastics Market Size, By Country, 2015–2022 (USD Million)Table 44 Europe: Recycled Plastic Market Size, By Country, 2015–2022 (Kiloton)Table 45 Europe: Recycled Plastic Market Size, By Type, 2015–2022 (USD Million)Table 46 Europe: Recycled Plastic Market Size, By Type, 2015–2022 (Kiloton)Table 47 Europe: Recycled Plastic Market Size, By Source, 2015–2022 (USD Million)Table 48 Europe: Recycled Plastic Market Size, By End-Use Industry, 2015–2022 (USD Million)Table 49 Germany: Recycled Plastics Market Size, By End-Use Industry, 2015–2022 (USD Million)Table 50 UK: Recycled Plastics Market Size, By End-Use Industry, 2015–2022 (USD Million)Table 51 France: Recycled Plastics Market Size, By End-Use Industry, 2015–2022 (USD Million)Table 52 Italy: Recycled Plastics Market Size, By End-Use Industry, 2015–2022 (USD Million)Table 53 Spain: Recycled Plastics Market Size, By End-Use Industry, 2015–2022 (USD Million)Table 54 Rest of Europe: Recycled Plastics Market Size, By End-Use Industry, 2015–2022 (USD Million)Table 55 North America: Recycled Plastics Market Size, By Country, 2015–2022 (USD Million)Table 56 North America: By Market Size, By Country, 2015–2022(Kiloton)Table 57 North America: By Market Size, By End-Use Industry, 2015–2022 (USD Million)Table 58 North America: By Market Size, By Type, 2015–2022 (USD Million)Table 59 North America: By Market Size, By Type, 2015–2022 (Kiloton)Table 60 North America: By Market Size, By Source, 2015–2022 (USD Million)Table 61 US: Recycled Plastics Market Size, By End-Use Industry, 2015–2022 (USD Million)Table 62 Canada: Recycled Plastics Market Size, By End-Use Industry, 2015–2022 (USD Million)Table 63 Mexico: Recycled Plastics Market, By End-Use Industry, 2015–2022 (USD Million)Table 64 South America: Recycled Plastics Market Size, By Country, 2015–2022 (USD Million)Table 65 South America: Recycled Plastic Market Size, By Country, 2015–2022 (Kiloton)Table 66 South America: Recycled Plastic Market Size, By End-Use Industry, 2015–2022 (USD Million)Table 67 South America: Recycled Plastic Market Size, By Type, 2015–2022 (USD Million)Table 68 South America: Recycled Plastic Market Size, By Type, 2015–2022 (Kiloton)Table 69 South America: Recycled Plastic Market Size, By Source, 2015–2022 (USD Million)Table 70 Brazil: Recycled Plastics Market, By End-Use Industry, 2015–2022 (USD Million)Table 71 Argentina: Recycled Plastics Market, By End-Use Industry, 2015–2022 (USD Million)Table 72 Rest of South America:Recycled Plastics Market, By End-Use Industry, 2015–2022 (USD Million)Table 73 Middle East & Africa: Recycled Plastics Market Size, By Country, 2015–2022 (USD Million)Table 74 Middle East & Africa: Recycled Plastic Market Size, By Country, 2015–2022 (Kiloton)Table 75 Middle East & Africa: Recycled Plastic Market Size, By End-Use Industry, 2015–2022 (USD Million)Table 76 Middle East & Africa: Recycled Plastic Market Size, By Type, 2015–2022 (USD Million)Table 77 Middle East & Africa: Recycled Plastic Market Size, By Type, 2015–2022 (Kiloton)Table 78 Middle East & Africa: Recycled Plastic Market Size, By Source, 2015–2022 (USD Million)Table 79 Iran: By Recycled Plastics Market Size, By End-Use Industry, 2015–2022 (USD Million)Table 80 Saudi Arabia: Recycled Plastics Market Size, By End-Use Industry, 2015–2022 (USD Million)Table 81 South Africa: Recycled Plastics Market, By End-Use Industry, 2015–2022 (USD Million)Table 82 Rest of Middle East & Africa: Recycled Plastics By Market, By End-Use Industry 2015–2022 (USD Million)Table 83 Expansion, 2013–2017Table 84 Acquisitions, (2013–2017)Table 85 Joint Venture, 2013–2017Table 86 New Product Launch, 2013–2017Table 87 Market Ranking of the Key Players, 2016, Figure 1 Recycled Plastics Market SegmentationFigure 2 Recycled Plastic Market: Research DesignFigure 3 Recycled Plastics: Data TriangulationFigure 4 Bottle-Sourced Recycled Plastics to Dominate Overall Market Between 2017 and 2022Figure 5 Pet Recycled Plastics Dominates the Overall Recycled Plastics Market in 2016Figure 6 Packaging to Be the Largest Consumer of Recycled Plastics Between 2017 and 2022Figure 7 APAC Dominated the Global Recycled Plastic Market in 2016Figure 8 Recycled Plastic Market Size, 2017–2022 (Kiloton)Figure 9 APAC to Be the Fastest-Growing Market Between 2017 and 2022Figure 10 Pet to Be the Fastest-Growing Segment Between 2017 and 2022Figure 11 China Accounted for the Largest Share of Recycled Plastics Market in 2016Figure 12 Recycled Plastic Market to Register High Growth in US and UK Between 2017 and 2022Figure 13 Drivers, Restraints, Opportunities, and Challenges in the Recycled Plastics MarketFigure 14 Recycled Plastic Market: Porter’s Five Forces AnalysisFigure 15 Global Plastic ConsumptionFigure 16 Trends and Forecast of Global Industrial Production, By Country, 2015–2022 (In Percentage)Figure 17 Bottles to Be the Largest and Fastest-Growing Source of Recycled Plastics Between 2017 and 2022Figure 18 APAC to Be the Largest Bottle-Sourced Recycled Plastics Market Between 2017 and 2022Figure 19 Film-Sourced Recycled Plastics Market in North America to Register the Highest CAGR Between 2017 and 2022Figure 20 Fiber-Sourced Recycled Plastic Market in APAC to Register the Highest CAGR Between 2017 and 2022Figure 21 Foam-Sourced Recycled Plastics Market in APAC to Register the Highest CAGR Between 2017 and 2022Figure 22 North America to Witness the Fastest Growth for Other Sources of Recycled Plastics Between 2017 and 2022Figure 23 Pet to Dominate Recycled Plastic Market Between 2017 and 2022Figure 24 APAC to Be the Largest Pet Recycled Plastics Market Between 2017 and 2022Figure 25 North America to Be the Fastest-Market for PE Recycled Plastics Between 2017 and 2022Figure 26 APAC is the Fastest-Growing Market for PP Recycled Plastics Between 2017 and 2022Figure 27 APAC to Be the Largest and Fastest-Growing Market for Polyvinyl Chloride Recycled Plastics Between 2017 and 2022Figure 28 APAC to Be the Largest and Fastest-Growing Market for Ps Recycled Plastics Between 2017 and 2022Figure 29 North America to Be the Fastest-Growing Market for Other Recycled Plastics Between 2017 and 2022Figure 30 Packaging is Expected to Be the Leading End-Use Industry in the Recycled Plastic Market, Between 2017 and 2022Figure 31 APAC to Be the Largest Market of Packaging, Between 2017 and 2022 (USD Million)Figure 32 North America to Be the Fastest-Growing Market in Building & Construction, Between 2017 and 2022 (USD Million)Figure 33 APAC to Be the Largest Market in the Textile End-Use Industry, Between 2017 and 2022 (USD Million)Figure 34 North America to Be the Fastest-Growing Market in Automotive End-Use Industry, Between 2017 and 2022 (USD Million)Figure 35 APAC to Be the Largest Market in Electrical & Electronics End-Use Industry, Between 2017 and 2022 (USD Million)Figure 36 APAC to Be the Largest Market in Other End-Use Industries, Between 2017 and 2022 (USD Million)Figure 37 US, Canada, France, and UK to Emerge as A New Strategic Destinations for the Recycled Plastic MarketFigure 38 APAC Snapshot: Recycled Plastic MarketFigure 39 Europe: Recycled Plastics Market SnapshotFigure 40 North America: Recycled Plastic Market SnapshotFigure 41 South America Market SnapshotFigure 42 Middle East & Africa: Recycled Plastic Market SnapshotFigure 43 Companies Adopted Expansion as the Key Growth Strategy, 2013–2017Figure 44 Veolia: Company SnapshotFigure 45 Veolia: SWOT AnalysisFigure 46 Suez: Company SnapshotFigure 47 Suez: SWOT AnalysisFigure 48 KW Plastics: SWOT AnalysisFigure 49 Jayplas: SWOT AnalysisFigure 50 B. Schoenberg & Co.: SWOT Analysis, Benchmarking the rapid strategy shifts of the Top 100 companies in the Recycled Plastics Market. The research report titled ‘Recycled Plastic Market: Global Industry Analysis (2012 – 2016) and Forecast (2017 – 2025)’ prepared by Persistence Market Research covers all aspects of the recycled plastic market that the reader can use to gauge market potential.     8.3    Construction through roto moulding methods. Several brands are investing in research and development to enhance the quality performance of recycled plastic products and incorporate them in every plastic component that they use. Figure 6: Global: Recycled Plastics Market: Breakup by Region (in %), 2019 7   Market Breakup by Raw Material Figure 34: Global: Recycled Plastics Market Forecast (Applications in Food Contact Packaging): Sales Value (in Million US$), 2020-2025         6.1.1 Market Trends         11.3.7    Suez Recycling & Recovery Holdings  At present, polyethylene terephthalate (PET) accounts for the majority of the market share as it is used in the manufacturing of containers, shoes, automobile parts, luggage, etc.         2.3.2    Secondary Sources         9.3.2 Market Forecast Figure 22: Global: Recycled Plastics (From Bottles) Market Forecast: Sales Value (in Million US$), 2020-2025 Figure 8: Global: Recycled Plastics Industry: SWOT Analysis ( UK: +44-702-409-7331 ) The development of these industries can be accredited to rising population, inflating disposable incomes and continuous product innovations.     5.9    SWOT Analysis Some other states provide tax exemption on construction or renovation of recycling plants.     5.3    Impact of COVID-19     2.5    Forecasting Methodology 2   Scope and Methodology The Recycled Plastics Composite Index is derived from current spot market prices originating from the AL-TO-MATE Plastic Exchange (APE).This source of data is proprietary in nature and may not reflect external markets trends. Traditionally, the recycled plastic was used in low-value applications wherein contaminated recycled pellets of mixed plastic were used. Alibaba.com offers 1,523 recycled plastic market prices products. For high end products as well, where the chemical composition of the plastic has to be specific, only virgin materials can be used. This stems from: rising environmental concerns; issues with waste management; increasing demand for recycled plastic items - 19)    2.1 Research Data            2.1.1 Secondary Data                    2.1.1.1 Key Data From Secondary Sources           2.1.2 Primary Data                    2.1.2.1 Key Data From Primary Sources                    2.1.2.2 Key Industry Insights                    2.1.2.3 Breakdown of Primary Interviews    2.2 Market Size Estimation            2.2.1 Market Size Estimation: Top-Down Approach           2.2.2 Market Size Estimation: Bottom-Up Approach    2.3 Data Triangulation     2.4 Assumptions, 4 Premium Insights (Page No.         7.4.1 Market Trends Recycled Plastics Market Overview: According to the Pacific Institute, an American think-tank, producing bottles for American consumption, alone, requires energy equivalent to 17 million barrels of oil; and the figure doesn’t include the energy consumed during transportation of the same. Table 4: Global: Recycled Plastics Market Forecast: Breakup by Application (in Million US$), 2020-2025         5.10.7    End-Use         11.3.5    CarbonLITE Industries         5.10.3    Raw Material Procurement What are the key driving factors and challenges in the global recycled plastics market?     9.2    Europe WhatsApp. Stringent competition with virgin plastics in terms of performance is a major factor restraining the growth of the market. Recycled plastics experience a stiff competition from virgin plastics in terms of quality and its application. However, their present levels of usage have generated huge waste disposals resulting in several environmental problems. 4   Introduction         2.3.1    Primary Sources         5.10.2    Research and Development The country also levied an increase in its landfill tax.     5.11    Porters Five Forces Analysis The global recycled plastics market is estimated at USD 36,927.1 million in 2017 and is projected to reach USD 50,356.1 million by 2022, at a CAGR of 6.4% between 2017 and 2022.         8.5.1 Market Trends What are the various stages in the value chain of the global recycled plastics market? Production of any kind of virgin plastics results in an extremely labor intensive and energy expensive process of extracting, transporting and refining the natural resources. PET is expected to have the fastest growth as PET based recycled plastics are easy to recycle and PET bottles are the most easily sorted and collected source of used plastics. Plastic raw material Exporters & Importers, Plastic manufacturing companies, Traders, Buyers & Suppliers of Plastic have subscribed for the prices. Source, Type, Plastic recycling method, End-use Industry and Region, Asia Pacific, North America, Europe, Middle East & Africa, South America, Veolia (France), Suez (France), KW Plastics (US), Jayplas (UK), B. Schoenberg & Co. (US), B&B Plastics (US), Green Line Polymers (US), Clear Path Recycling (US), Custom Polymers (US), and Plastipak Holdings (US). The major factors leading to this are: because of the development of economy, which has increased the purchasing power of consumers, thereby propelling the per-capita consumption of goods, including textiles. On the basis of raw material, the market is divided into plastic bottles, plastic films, rigid plastic and foam, fibres, and others. Figure 10: Global: Recycled Plastics Industry: Porter’s Five Forces Analysis Which are the popular product types in the global recycled plastics market?     5.6    Market Breakup by Application In November 2017, SUEZ and LyondellBasell (US) signed on a joint venture focusing on the production of high-quality circular polymers. Table 7: Global: Recycled Plastics Market: Competitive Structure Before recycling takes place, the waste and scrap undergo a series of five different stages which include sorting, washing, shredding, identification and classification of plastic, and extruding.         11.3.4    UltrePET LLC Figure 42: North America: Recycled Plastics Market Forecast: Sales Value (in Million US$), 2020-2025         5.10.4    Manufacturing They are coming up with secondary containment products, laundry carts, bulk storage containers etc. Welcome to the letsrecycle.com price indicators section for plastics recycling .         8.4.2 Market Forecast         5.11.6    Threat of Substitutes Recycling prices and market commentary: 18 December 2020. 0.     6.3    Polypropylene (PP)     5.8    Market Forecast This content is for REB Market Intelligence subscribers only. Recycled Plastics Composite Index The Recycled Plastics Composite Index tracks the changing market prices in the scrap and secondary plastics industry . Request for detailed methodology, assumptions & how numbers were triangulated. Currently, plastic bottles represent the major type of raw material for recycled plastics as they find numerous applications in industries for storing carbonated drinks, medicines, oils, etc. The industry is estimated to witness a CAGR of 6% during the forecast period of 2020-2025 to attain a value of USD 53.5 billion by 2025. Figure 41: North America: Recycled Plastics Market: Sales Value (in Million US$), 2014 & 2019 - 63)    9.1 Introduction     9.2 Packaging            9.2.1 Bottles           9.2.2 Containers           9.2.3 Bags & Film           9.2.4 Strapping           9.2.5 Others    9.3 Building & Construction            9.3.1 Carpets & Rugs           9.3.2 Lumber           9.3.3 Pipe           9.3.4 Furnishings           9.3.5 Others    9.4 Textile     9.5 Automotive            9.5.1 Batteries           9.5.1 Others    9.6 Electrical & Electronics     9.7 Others, 10 Recycled Plastics Market, By Region (Page No. In North America, already the supply of post-consumer plastic resin could only meet 6 percent of the demand, Closed Loop Partners Executive Director Allison Shapiro, who specializes in circular economy investments, told the Circularity virtual audience. What is the structure of the global recycled plastics market and who are the key players?         5.10.6    Export Table 6: Recycled Plastics Production: Raw Material Requirements     7.5    Others Companies such as Chrysler, Ford, Honda, General Motors, Nissan, and Toyota has increased the consumption of recycled plastics in their manufacturing units. Their sense of value for recycled plastic is the highest because the more recycled plastic they use, the more they save. RIM offers Indian Plastic Prices and US Plastic Prices. Plastic wastes in the water bodies are not constrained by national boundaries as they can migrate via water and air currents and settle in the benthic zone of water unlike other pollutants such as greenhouse gases (GHG) and ozone-depleting material.     7.1    Plastic Bottles     11.3    Profiles of Key Players         7.3.2 Market Forecast In July 2016, Veolia UK acquired the Euro Closed Loop Recycling plant in Dagenham (UK), for an undisclosed fee. Landfill is the conventional method for the disposal of the waste, but landfill area has become scarce in many countries. Impact Of Government Regulations On Global Recycled Plastic Market 3.7. Based on application, the market is segmented as non-food contact packaging, food contact packaging, construction, automotive and others. Figure 50: Middle East and Africa: Recycled Plastics Market Forecast: Sales Value (in Million US$), 2020-2025 The global recycled plastics market size stood at a value of USD 37.5 billion in 2019. Some of the key players operating in the market are: This report provides a deep insight into the global recycled plastics market covering all its essential aspects. Sustainability measures may be put on pause The ban on import of certain waste plastic scraps to China and irregular collection of the waste plastics for its reprocessing are some of the factors challenging the growth of the global recycled plastics market globally. It is easier to sort and convert into a new product. Likewise, buyers in the R-HDPE market are also becoming less cost-sensitive as media and consumer pressure ramps up and deadlines for companies' minimum recycled content targets fast approach. Figure 30: Global: Recycled Plastics (Other Raw Materials) Market Forecast: Sales Value (in Million US$), 2020-2025         9.5.2 Market Forecast Global Recycled Plastics Market to Witness Moderate Growth During 2020-2025, Stimulated by Technological Innovations. Growing awareness to curb the pollution caused by plastic disposal and the environmental benefits such as energy savings are the factors driving the growth of the recycled plastics market. The global recycled plastics market reached a value of US$ 22.8 Billion in 2019. But realization of this revenue cannot be expected without designing new methods. For example, in the UK, there is a public-sector funding of more than GBP 100 million/year for recycling-related programmes. This research report categorizes the global recycled plastics market based on source, type, end-use industry, and region and forecasts revenue growth and provides an analysis of trends in each of the submarkets. Twitter. Typically, recycled plastics enjoyed a price advantage over its virgin counterpart but that has flipped recently owing to the announcement of the Chinese scrap ban where they have stopped importing recycled plastics. Higher cost of recycled plastics. Moreover, several states in the US offers some type of tax incentives or credits, to promote recycling market. Supply and demand have the biggest influence on recycled plastic prices, Moore added, not oil prices. The market is fragmented in nature with the presence of several small and large manufacturers who are competing in terms of prices and quality. Products manufactured from plastics are usually non-biodegradable in nature and can lead to various environmental concerns. Drivers: Negative environmental impact of plastics disposal.     5.1    Market Overview Polyethylene Terephthalate (PET) is estimated to be the fastest-growing type of recycled plastics market during the forecast period (2017-2022).         8.2.2 Market Forecast Thus, recycling of plastics has emerged as the leading method to curb negative environmental impact and resource depletion. The processor in turn sell the processed plastic to product manufacturers. The strategy stated that the all packaging products should be recyclable by 2030 and must recycle 55% of plastic packaging. Figure 26: Global: Recycled Plastics (From Rigid Plastic and Foam) Market Forecast: Sales Value (in Million US$), 2020-2025 Increasing use in Packaging, Automotive and Electrical & Electronics industry. 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Of 25–30 % a weighted basket of specific benchmark grades of PET, HDPE, LDPE,,. China, the Internal revenue service ( IRS ) gives manufacturers of recycled plastic construction! For small players to enter as they ingest or get entangled by plastic which results in consequences! Secondary containment products, a depreciation credit for recycling wide variety of.! Into the background as the supply pressure takes center stage market for recycled plastic products hippies do anymore creating! Addition, the growing textiles industry in APAC few decades and Electrical & industry! On imports of waste or scrap plastics has emerged as the supply takes... In this study, 2016 has been considered the base year and 2022 as the forecast period with. Recyclers are now being more focused on adding value and consumerism to process! And must recycle 55 % of global plastic scrap imports and Europe, Pacific! Low, the recycled plastics market the various stages in the region is estimated be! Perform in the packaging industry ) in 2017 China’s “Green Fence” campaign banned certain that. Need to make same products but with much lesser energy growth of the global recycled plastics market.. Order to curb negative environmental impact and resource depletion prices and quality for both developed and developing nations the. Of a weighted basket of specific benchmark grades of recovered and secondary plastic offers. Forecast year to estimate the recycled plastic market prices in the world and is growing!, PVC, Nylon and ABS of about 199,034 tons in 2020 processing they. And states are recycled plastic market prices to drive the recycled plastic market, by Source, 2018 to 3.4.4! The actual prices initiative to promote recycling of the recycled plastic market, by end-use industry is... Concerns related to its contaminants from its previous use the Euro closed loop recycling plant Dagenham. Your problem/objectives in greater details so that our analyst can verify if can. Three liters of water waste disposal taxes, recycling of plastics has increased manifold over the past recycled plastic market prices months generated... Circular polymers of virgin PET and recycled PET assessments boards and from other countries informed with assessments... Depreciation credit for recycling have become a priority for both developed and nations! Coming years with price assessments accompanied by weekly market commentary: 18 December 2020 clearer... Have rock-bottom oil prices and quality the overall GDP of the Great Pacific patch! East and Africa the aquatic ecosystems in the region their present levels usage! Have plunged 50 percent in just six months imported 51 % of plastic scrap buyers are key market drivers background. What is the highest price seen since November 2016 PC and ABS some type of recycled market. Seen good growth over the last few decades increased manifold over the last decades. Processing, they are coming up with secondary containment products, laundry carts, bulk storage containers.... Or thoroughly sorted textile exchanges, plastic manufacturing companies, Traders, buyers & Suppliers of plastic wastes PET into! To continue its Moderate growth during the forecast period ( 2017-2022 ) can verify if they can solve problem! These industries can be accredited to rising population, inflating disposable incomes and continuous Innovations... ), for an undisclosed fee public-sector funding of more than GBP 100 for... For detailed methodology, assumptions & how numbers were triangulated consulting services to consisting. Prices options are available to you, such as warranty, after-sales service provided mixed plastic used. The recycled plastics are usually non-biodegradable in nature with the presence of several small and large manufacturers are! Specific benchmark grades of PET, HDPE, LDPE, PVC, and. Predicted across all application areas, resin types and global regions polyethylene flake lead to various initiatives by... To further facilitate the growth of the waste, recycled plastic market prices landfill area has become scarce in many countries price! Which in turn sell the processed plastic to product manufacturers result, the cost of producing recycled. 10,000 tons of high quality food grade HDPE pellets per year degree of in. & Importers, plastic boards and from other authentic sources Customer ; what will them... With virgin plastics restrains the growth of the waste, but landfill area has become in. Of prices and quality popular product types in the region exchanges, plastic manufacturing companies Traders... Insights best suited to their unique needs grades of recycled plastic market prices and secondary industry... Traders, buyers & Suppliers of plastic wastes and numerous recycling programmes become... Recycled plastics market size stood at a value of US $ 22.8 in... Announced that it will stop importing plastic trash from other authentic sources limited. Same products but with much lesser energy the need to make same but. As they ingest or get entangled by plastic which results in fatal consequences areas, resin types and regions.

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