Plastic Recycling Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (Polyethylene Terephthalate (PET), Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polystyrene (PS) and Others), By Source (Bottles, Films, Fibers, Foams, and Others), By End-User (Packaging, Building & Construction, Textile, Automotive, Electrical & Electronics,
Published Date: December - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Chemicals | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationPlastic Recycling Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Type (Polyethylene Terephthalate (PET), Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polystyrene (PS) and Others), By Source (Bottles, Films, Fibers, Foams, and Others), By End-User (Packaging, Building & Construction, Textile, Automotive, Electrical & Electronics,
In 2021, the total consumption of plastic in India amounted to approximately 18 million tonnes
As per recent studies, if the business continues in usual manner for virgin plastic, 7.7 billion metric tonnes of plastic are expected to be improperly disposed of, burned, or released into the environment, between now and 2040.
. Governments around the world are also implementing regulations and policies to reduce plastic waste. For example, the European Union has set a target of recycling 55% of all plastic waste by 2030. This has created opportunities for the plastic recycling industry to expand and innovate
Download Free Sample Report Revolutionary Technical Advancement for Sustainable Development
According to recent studies, only 9% of plastic waste is recycled (15% is collected for recycling, but 40% is disposed of as residue). Another 19% is incinerated, 50% ends up in landfill, and 22% evades waste management systems and goes into uncontrolled dumpsites, is burned in open pits, or ends up in terrestrial or aquatic environments, especially in poorer countries.
Recent Developments
- In November 2022, LyondellBasell
announced to build of an advanced recycling plant at Wesseling, Germany, site.
This will be in collaboration with Moretec Technology, and this
commercial-scale advanced recycling plant will convert pre-treated plastic
waste into feedstock for new plastic production.
- In June 2021, L'Oréal
announced the creation of the first cosmetic bottle made entirely of recycled
plastic using Carbios' enzymatic technology and plans to begin mass-producing
the bottles based on this game-changing invention in 2025. The first brand in
the group to introduce a product in this futuristic bottle would be Biotherm.
- In January 2018, China
implemented its "National Sword" policy, which banned the import of
24 types of solid waste, including plastic waste. This policy had a significant
impact on the global plastic recycling industry, as China had been the world's
largest importer of plastic waste. As a result, other countries had to find new
ways to process their plastic waste.
- Coca-Cola has announced that it
will be using 50% recycled plastic in all of its bottles by 2030, while nestle
has committed to using 100% recyclable or reusable packaging by 2025.
- Several furniture companies
have launched lines of furniture made from recycled plastic. For example, Emeco
has launched a line of chairs made from 75% recycled polypropylene, while
EcoBirdy has launched a line of children's furniture made from 100% recycled
plastic.
- Several clothing brands have
launched sustainable clothing lines made from recycled plastic. For example,
Adidas has launched a line of shoes made from recycled ocean plastic, while
H&M has launched a line of clothing made from recycled polyester.
- In North America, the plastic
recycling capacity has also been growing steadily. The United States Environmental
Protection Agency (EPA) reported that the country recycled over 3.02 million
tons of plastics in 2018.
Market Segmentation
Market players
Veolia Environment S.A., Suez SA, BASF SE, B. Schoenberg & Co., Inc., KW Plastics, Republic Services, Inc., Waste Connections, Clean Harbors, Inc., Covestro AG, WM Intellectual Property Holdings, L.L.C are some of the key market players.
|
Attribute |
Details |
|
Base
Year |
2022 |
|
Historic
Data |
2018 –
2021 |
|
Estimated
Year |
2023 |
|
Forecast
Period |
2024 – 2028 |
|
Quantitative
Units |
Revenue in USD Million, Volume in metric tons, and CAGR for 2018-2022
and 2023-2028 |
|
Report
Coverage |
Revenue
forecast, Volume Forecast, company share, competitive landscape, growth
factors, and trends |
|
Segments
Covered |
Type Source Method End-User |
|
Regional
scope |
North
America; Europe; Asia Pacific; South America; Middle East & Africa |
|
Country
scope |
United States, Canada, Mexico; China, India, Japan, South
Korea, Australia; Germany, France, United Kingdom, Italy, Spain; Brazil,
Argentina, Colombia; South Africa, UAE, Saudi Arabia, Turkey, and Egypt. |
|
Key
companies profiled |
Veolia
Environment S.A., Suez SA, BASF SE, B. Schoenberg & Co., Inc., KW
Plastics, Republic Services, Inc., Waste Connections, Clean Harbors, Inc.,
Covestro AG, WM Intellectual Property Holdings, L.L.C |
|
Customization
scope |
10% free report customization with purchase. Addition or alteration
to country, regional & segment scope. |
|
Pricing
and purchase options |
Avail
customized purchase options to meet your exact research needs. Explore purchase options |
|
Delivery
Format |
PDF and Excel through
Email (We can also provide the editable version of the report in PPT/Word
format on special request) |
FAQ'S
For a single, multi and corporate client license, the report will be available in PDF format. Sample report would be given you in excel format. For more questions please contact:
Within 24 to 48 hrs.
You can contact Sales team (sales@marketinsightsresearch.com) and they will direct you on email
You can order a report by selecting payment methods, which is bank wire or online payment through any Debit/Credit card, Razor pay or PayPal.
Discounts are available.
Hard Copy