Plastic Recycling Market to Surpass $ 110 Billion by 2025
According
to TechSci Research report, “Global Plastic Recycling Market
By Type, By Source, By Method, By End-User, By Company, By Region, Competition,
Forecast & Opportunities, 2025”, the
global plastic recycling market is expected to grow at a steady CAGR during the
forecast period and surpass $ 110 billion by 2025. Growing environmental
concerns and rising adoption of recycled products are fueling demand for
plastic recycling, globally. Polyethylene segment has the largest share in the
global plastic recycling market due to its major use in packaging industry. Growth
in packaging industry on account of
rising technological advancements in food and beverage industry is expected to
boost plastic recycling market in the coming years. Other sectors which are the
major end users of recycled plastics include construction, automotive, textiles
and electrical and electronics.
Browse 161 market data Figures and Tables
spread through 230 Pages and an
in-depth TOC on "Global Plastic Recycling Market"
https://www.techsciresearch.com/report/global-plastic-recycling-market/3563.html
Global plastic recycling market is segmented on the basis of type, method,
end use, source and region. On the basis of end user segmentation, the market
is categorized into Packaging, Building & Construction, Textile,
Automotive, Electrical & Electronics and Others. Packaging segment is
expected to dominate the market until 2025 owing to the rising utility in food
and beverage industry. Among all the regional markets, Asia-Pacific dominated
the global plastic recycling market until 2019. Owing to major plastic
industries in China and South East Asian countries, Asia-Pacific is expected to
continue its market dominance during the forecast period.
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Some of the leading
players operating in the global plastic recycling market include Veolia
Environment SA, Suez SA, Republic Services Inc., Waste Connection, B&J Par,
KW Plastics, BASF SE, Borealis AG, B. Schoenberg & Co., Clear Path
Recycling LLC, Dupoint Teijin Films, Custom Polymers Inc. and others. “Global
plastic recycling market is expected to grow at a steady rate in the coming
five years. Rising utility of polyethylene due to growing global packaging
industry has and will continue to lead to significant growth in the market over
the next five years.,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Global Plastic
Recycling Market By Type, By Source, By Method, By End-User, By Company, By
Region, Competition, Forecast & Opportunities, 2025” has
evaluated the future growth potential of global plastic recycling market and
provided statistics & information on market size, shares, structure and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in global plastic recycling
market.
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