Report Feature
Recycled Plastic Market Trends and Forecast
The future of the recycled plastic market looks promising with opportunities in the building & construction, packaging, electrical & electronic, textile, and automotive applications. The global recycled plastic market is expected to reach an estimated $66.5 billion by 2028 with a CAGR of 5.9% from 2023 to 2028. The major drivers for this market are massive utilization of plastic in the production of lightweight components, extensive usage of recycled plastic in various electrical & electronics and packaging products, and increasing environmental concern towards usage of plastic.
Recycled Plastic Market by Segment
The study includes a forecast for the global recycled plastic market by product, source, application, and region, as follows:Recycled Plastic Market by Product [Shipment Analysis by Value from 2017 to 2028]:
- Polyethylene
- Polyethylene Terephthalate
- Polypropylene
- Polyvinyl Chloride
- Polystyrene
- Others
Recycled Plastic Market by Source [Shipment Analysis by Value from 2017 to 2028]:
- Plastic Bottles
- Plastic Films
- Polymer Foam
- Others
Recycled Plastic Market by Application [Shipment Analysis by Value from 2017 to 2028]:
- Building & Construction
- Packaging
- Electrical & Electronics
- Textiles
- Automotive
- Others
Recycled Plastic Market by Region [Shipment Analysis by Value from 2017 to 2028]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Recycled Plastic Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies recycled plastic companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the recycled plastic companies profiled in this report include:- REMONDIS
- Biffa
- Stericycle
- Republic Services
- WM Intellectual Property Holdings
- Veolia
Recycled Plastic Market Insights
- Lucintel forecasts that polyethylene will remain the largest segment over the forecast period due to considerable usage of polyethylene in milk cartons, cutting boards, garbage cans, and laundry detergent packaging.
- Packaging is expected to remain the largest segment due to the substantial use of recycled plastics in textile, electrical, and electronic, and food and beverage packaging.
- APAC will remain the largest region due to the rapidly growing population, immense utilization of these recovered plastics in non-residential development projects, and high demand for packaged goods in China.
Features of the Recycled Plastic Market
- Market Size Estimates: Recycled plastic market size estimation in terms of value.
- Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
- Segmentation Analysis: Recycled plastic market size by various segments, such as by product, source, application, and region
- Regional Analysis: Recycled plastic market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
- Growth Opportunities: Analysis on growth opportunities in different by product, source, application, and regions for the recycled plastic market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape for the recycled plastic market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the recycled plastic market size?Answer: The global recycled plastic market is expected to reach an estimated $66.5 billion by 2028.
Q2. What is the growth forecast for recycled plastic market?
Answer: The global recycled plastic market is expected to grow with a CAGR of 5.9% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the recycled plastic market?
Answer: The major drivers for this market are massive utilization of plastic in the production of lightweight components, extensive usage of recycled plastic in various electrical & electronics and packaging products, and increasing environmental concern towards usage of plastic.
Q4. What are the major segments for recycled plastic market?
Answer: The future of the recycled plastic market looks promising with opportunities in the building & construction, packaging, electrical & electronic, textile, and automotive applications.
Q5. Who are the key recycled plastic companies?
Answer: Some of the key recycled plastic companies are as follows:
- REMONDIS
- Biffa
- Stericycle
- Republic Services
- WM Intellectual Property Holdings
- Veolia
Answer: Lucintel forecasts that polyethylene will remain the largest segment over the forecast period due to considerable usage of polyethylene in milk cartons, cutting boards, garbage cans, and laundry detergent packaging.
Q7. In recycled plastic market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region due to the rapidly growing population, immense utilization of these recovered plastics in non-residential development projects, and high demand for packaged goods in China.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
Table of Contents
1. Executive Summary
6.2 Emerging Trends in the Global Recycled Plastic Market
4.1 Global Recycled Plastic Market by Region
4.2.1 North American Recycled Plastic Market by Product: Polyethylene, Polyethylene Terephthalate, Polypropylene, Polyvinyl Chloride, Polystyrene, and Others
4.2.2 North American Recycled Plastic Market by Application: Building & Construction, Packaging, Electrical & Electronics, Textiles, Automotive, and Others
4.3.1 European Recycled Plastic Market by Product: Polyethylene, Polyethylene Terephthalate, Polypropylene, Polyvinyl Chloride, Polystyrene, and Others
4.3.2 European Recycled Plastic Market by Application: Building & Construction, Packaging, Electrical & Electronics, Textiles, Automotive, and Others
6.1.1 Growth Opportunities for the Global Recycled Plastic Market by Product
6.1.2 Growth Opportunities for the Global Recycled Plastic Market by Source
6.1.3 Growth Opportunities for the Global Recycled Plastic Market by Application
6.1.4 Growth Opportunities for the Global Recycled Plastic Market by Region
Methodology
Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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Key Questions
- • What are some of the most promising, high-growth opportunities for the recycled plastic market by product (polyethylene, polyethylene terephthalate, polypropylene, polyvinyl chloride, polystyrene, and others), source (plastic bottles, plastic films, polymer foam, and others), application (building & construction, packaging, electrical & electronics, textiles, automotive, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
- • Which segments will grow at a faster pace and why?
- • Which region will grow at a faster pace and why?
- • What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
- • What are the business risks and competitive threats in this market?
- • What are the emerging trends in this market and the reasons behind them?
- • What are some of the changing demands of customers in the market?
- • What are the new developments in the market? Which companies are leading these developments?
- • Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
- • What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
- • What M&A activity has occurred in the last 5 years and what has its impact been on the industry? For any questions related to recycled plastic market or related to recycled plastic companies, recycled plastic market size, recycled plastic market share, recycled plastic analysis, write Lucintel analyst at email: helpdesk@lucintel.com we will be glad to get back to you soon.
