Plastics have become one of the most ubiquitous materials in our everyday lives. Their remarkable uses to protect or preserve foodstuffs, build lighter and more fuel-efficient vehicles, among others have made them essential in almost every industry. However, the proliferation of plastics has also brought adverse environmental impacts that are associated with their production, use, and disposal.
The most prominent among these impacts is the increasing amount of the material that can now be found in our oceans. This has disastrous consequences for marine ecosystems, especially with respect to the loss of birds, fish, and other wildlife. By mid-century, it is estimated that the ocean could have more plastic than fish by weight. Hence, this has flickered strong interest in more efficient production, use, and disposal of plastics, in line with the principles of the circular economy. However, plastics recycling rates are still relatively low, ranging between 9 to 30% globally.
It is estimated that between 14% and 18% of the waste plastics generated globally are collected for recycling and 24% is incinerated. The remainder is disposed of to landfill, or via open burning, uncontrolled dumping, or is released to the wider environment. There is a wide variation in recycling rates across different polymers, with PET and HDPE (mostly used for packaging) being recycled at relatively high rates (19 to 85%), while PP, PS are much less recycled (1 to 21%). There is also a significant disparity in performance across countries, ranging from 30% plastics recycling in the EU to around 10% in the United States.
According to the study conducted by Ingenious e-Brain; the market growth of recycled plastic is rapidly increasing with the market estimated to grow from USD X.XX Billion in 2018 to USD XX Billion by 2025, at a CAGR of XX%. This is due to the growing consumer awareness regarding the use of recycled plastics to create sustainability and environmental benefits including energy savings over virgin plastics. Furthermore, the growing preference for recycled materials in packaging, textiles and building & construction will drive the global recycled plastic market at a burgeoning rate.
Furthermore, with the increasing focus on plastic waste collection and recycling, the various regions have imposed several laws/regulations: –
This report provides in-depth qualitative and quantitative analysis of the global recycled plastic market. This study includes various government efforts taken to improve plastics recycling in order to increase the amount and the quality of recycled plastics along with the uptake of recycled material in the economy. The report segments the global recycled plastic market based on material, polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC), polystyrene, polyamide, and others); based on source (bottle, films, fibres, foams, others); based on end-use industry (packaging, building & construction, textile, automotive, electrical & electronics, and others).
The report provides the market size of all the segments in terms of Value (US$ Billion), Volume (kilotons (KT)) and Cumulative Annual Growth Rate (CAGR) (%) for the forecast period (2018 – 2025), considering 2017 as the actual year and 2016 as Historical Year.
It also provides the full analysis of leading players operating in the value chain of the recycled plastic market which includes key company profiles for the material manufacturers and processors. These profiles are based on key parameters including key financials, product and services offered, geographical presence, company strategy and sustainability goals, and competitive analysis of developments recorded in the industry during the past five years. The key industry players include B. Schoenberg & Co. (US), B&B Plastics (US), Veolia (France), Suez (France), KW Plastics (US), Jayplas (UK), Custom Polymers (US), Green Line Polymers (US), Clear Path Recycling (US) and Plastipak Holdings (US).
1. Executive Summary
2. Market Trends
2.1.1. Adverse Environmental Impact of Plastics Disposal
2.1.2. Increasing Awareness Regarding Energy Savings
2.1.3. Growing Use in Packaging, Automotive, and Electrical & Electronics Industries
2.2.1. Stringent Competition from Virgin Plastics
2.2.2. Consumer Perception Regarding Bad Material
2.3.1. Favourable Initiatives to Promote the Use of Recycled Plastics in Developed Countries
2.3.2. Increasing Use in Textile Industry in Developing Countries of APAC
2.4.1. Ban on Imports of Waste or Scrap Plastics in China
2.4.2. High Cost of Chemical Recycling Techniques
2.4.3. Difficulty in Sorting and Collection of Raw Materials
3. Industry Trends
3.1. Overview of Recycling Industry
3.2. Value Chain Analysis
3.3. Recycling Techniques Overview
3.3.1. Mechanical Recycling
3.3.2. Chemicals/Biochemical Recycling
3.3.3. New Innovations in Recycling Technologies
3.3.4. Trending Technology
3.3.5. Regulations/Laws Impact Overview
3.4. Porter Five Forces Model
3.5. Pricing Analysis:
3.5.1. By Region
3.5.2. By Material
4. Global Recycled Plastic Market, By Materials
4.1. Polyethylene Terephthalate (PET)
4.2. High Density Polyethylene (HDPE)
4.3. Low Density Polyethylene (LDPE/LLDPE)
4.5. Polyvinyl Chloride
5. Global Recycled Plastic Market, By Source
6. Global Recycled Plastic Market, By End-Use Industry
6.2. Building & Construction
6.5. Electrical & Electronics
6.6. Consumer Goods
6.7. Sports & Leisure Goods
7. Global Recycled Plastic Market, By Region
7.1. North America
7.2. Latin America
7.2.4. Rest of Latin America
7.3. Middle East & Africa (MENA)
7.3.2. South Africa
7.3.3. Rest of MENA
7.4.4. South Korea
7.4.6. Australia & New Zealand
7.4.7. Rest of Asia-Pacific
7.5.8. Rest of Europe
8. Competitive Landscape
8.1. Market Share
8.2. Competitive Scenario
8.3. Growth Strategies, By Key Players
8.4. Regional Market Share, By Company
9. Company Profiles
9.3. KW Plastics
9.5. B. Schoenberg & Co.
9.6. B&B Plastics
9.7. Green Line Polymers
9.8. Clear Path Recycling
9.9. Custom Polymers
9.12.Joe’s Plastics Inc.
9.13.RJM International Inc.
9.14.Ultra Poly Corporation
9.15.Asia Plastic Recycling Holding Limited
9.18.UNM International Limited
9.20.KK Asia Pte Ltd.
9.21.Pet Processors LLC
9.23.Phoenix Technologies International LLC
9.24.Fresh Pak Corporation
Note – We will profile the top 10 key players in the market study. The additional company profiles will be given with a short overview of each company.