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Report
Global Recycled Plastics Market Report and Forecast 2023-2028
Market Report I 2023-10-05 I 188 Pages I EMR Inc.
Global Recycled Plastics Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the global recycled plastics market reached a value of USD 42.14 billion in 2022. Aided by rising capital investments in research and development activities for flexible packaging, the market is projected to further grow at a CAGR of 6.10% between 2023 and 2028 to reach a value of USD 60.11 billion by 2028.
Recycled plastic is the result of treating and reprocessing used plastic materials, thereby giving them a second life. These plastics are increasingly being integrated into various products such as packaging materials, textiles, automotive components, and construction materials. Their significance lies not just in their environmental benefits but also in their economic advantages, offering cost-effective solutions in various production processes.
The drive towards sustainability can be considered a primary factor for the recycled plastics market growth. As industries globally are working towards reducing their environmental impact, the adoption of recycled plastics has seen a considerable surge. Industries like automotive, textiles, and packaging are major contributors in market expansion.
With heightened awareness about environmental conservation, there is a growing shift towards materials that are both eco-friendly and efficient. This shift has driven the demand for recycled plastics, primarily because of their reduced carbon footprint and the decreased reliance on fresh plastic production.
The recycled plastics market analysis highlights an expansive range of applications of recycled plastics across sectors. The construction industry, for instance, is utilising recycled plastics for insulation, piping, and even in the development of eco-friendly bricks. The fashion industry, too, is not far behind, with numerous brands now producing garments made from recycled plastic fibres.
Moreover, advancements in recycling technologies have allowed for greater efficiency in producing high-quality recycled plastics. These advancements paved way for these plastics to be integrated into more premium and sophisticated products, further expanding their reach and application.
The packaging sector further supports the recycled plastics market demand. Given the vast amount of plastic waste generated from packaging, especially in the food and beverage industry, there is an ever-growing emphasis on using recycled plastics. These sustainable packaging solutions are not only environmentally beneficial but also resonate well with the eco-conscious consumer base.
The global recycled plastics market size is expected to expand further driven by the dual forces of environmental consciousness and economic viability. As technology continues to advance and more industries recognise the potential of recycled plastics, the market is poised to achieve further expansion, strengthening its role in the sustainable future of production and manufacturing.
Market Segmentation
The market can be divided based on plastic type, raw material, application, and region.
Market Breakup by Plastic Type
- Polyethylene Terephthalate (PET)
- High Density Polyethylene (HDPE)
- Polypropylene (PP)
- Low Density Polyethylene (LDPE)
- Others
Market Breakup by Raw Material
- Plastic bottles
- Plastic films
- Rigid Plastic and Foam
- Fibres
- Others
Market Breakup by Application
- Non-Food Contact Packaging
- Food Contact Packaging
- Construction
- Automotive
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global recycled plastics market. Some of the major players explored in the report by Expert Market Research are as follows:
- B. Schoenberg & Co., Inc
- UltrePET, LLC
- Carbonlite Inc.
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Recycled Plastics Market Analysis
8.1 Key Industry Highlights
8.2 Global Recycled Plastics Historical Market (2018-2022)
8.3 Global Recycled Plastics Market Forecast (2023-2028)
8.4 Global Recycled Plastics Market by Plastic Type
8.4.1 Polyethylene Terephthalate (PET)
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 High Density Polyethylene (HDPE)
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Polypropylene (PP)
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Low Density Polyethylene (LDPE)
8.4.4.1 Historical Trend (2018-2022)
8.4.4.2 Forecast Trend (2023-2028)
8.4.5 Others
8.5 Global Recycled Plastics Market by Raw Material
8.5.1 Plastic Bottles
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Plastic Films
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Rigid Plastic and Foam
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Fibres
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Recycled Plastics Market by Application
8.6.1 Non-Food Contact Packaging
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Food Contact Packaging
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Construction
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Automotive
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Others
8.7 Global Recycled Plastics Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2022)
8.7.5.2 Forecast Trend (2023-2028)
9 North America Recycled Plastics Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Recycled Plastics Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Recycled Plastics Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Recycled Plastics Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Recycled Plastics Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Manufacturing Process
16.1 Overview
16.2 Detailed Process Flow
16.3 Operation Involved
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles (*This list is only indicative. The report contains a more comprehensive list of players.)
17.2.1 B. Schoenberg & Co., Inc
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 UltrePET, LLC
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Carbonlite Inc.
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.3.4 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Recycled Plastics Market: Key Industry Highlights, 2018 and 2028
2. Global Recycled Plastics Historical Market: Breakup by Plastic Type (USD Billion), 2018-2022
3. Global Recycled Plastics Market Forecast: Breakup by Plastic Type (USD Billion), 2023-2028
4. Global Recycled Plastics Historical Market: Breakup by Raw Material (USD Billion), 2018-2022
5. Global Recycled Plastics Market Forecast: Breakup by Raw Material (USD Billion), 2023-2028
6. Global Recycled Plastics Historical Market: Breakup by Application (USD Billion), 2018-2022
7. Global Recycled Plastics Market Forecast: Breakup by Application (USD Billion), 2023-2028
8. Global Recycled Plastics Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Recycled Plastics Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Recycled Plastics Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Recycled Plastics Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Recycled Plastics Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Recycled Plastics Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Recycled Plastics Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Recycled Plastics Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Recycled Plastics Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Recycled Plastics Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Recycled Plastics Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Recycled Plastics Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Recycled Plastics Market Structure
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