According to the latest market research report title “Plastic Recycling Market By Source (Bottles, Films, Fibers, Foams), By Plastic Type (Polyethylene Terephthalate (PET) , Polyethylene (PE), Polypropylene (PP), Polyvinyl Chloride (PVC), Polystyrene (PS)), By Type (Post-consumer Recyclates, Industrial Recyclates), By Process (Mechanical Recycling, Chemical Recycling), By Application (Packaging, Building & Construction, Textiles, Automotive, Electrical & Electronics), By Region (North America, South America, Europe, The Middle East & Africa, Asia-Pacific)–Forecast to 2024″, published by MarkNtel Advisors, The Global Plastic Recycling Market size is valued at nearly USD 32.9 billion in 2023 & is predicted to reach about USD 59.23 billion by 2030.
The data present in the report exhibit from the historic years (2019-22) and the base year (2023) to put together estimations for the forecast period (2024-30). In the study, our researchers put together reliable, unbiased, and accurate data to enlighten investors about fluctuations in the industry & anticipations on what to expect in the future. Since the industry is dynamic and highly fragmented, this report enables the prominent players to make strategic moves associated with their investments in the coming years.
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Global Plastic Recycling Market Challenge:
Lack of Investment to Hinder the Market Expansion – Insufficient investment in plastic recycling infrastructure & technologies represents a critical challenge for the industry, impacting its growth & innovation. Despite the increasing global awareness of the environmental consequences of plastic waste, the allocation of capital to support recycling efforts has not kept pace with the burgeoning demand. This lack of investment hindered the expansion of recycling facilities and the development of cutting-edge technologies necessary to enhance the efficiency & quality of plastic recycling. As a result, the industry faces limitations in its ability to process larger volumes of plastic waste and meet the growing demand for recycled materials.
Plastic Recycling Market Segmentation
The Plastic Recycling Market is highly robust and fragmented into numerous segments;
By Source
-Bottles- Market Size & Forecast 2019-2030, USD Million
-Films- Market Size & Forecast 2019-2030, USD Million
-Fibers- Market Size & Forecast 2019-2030, USD Million
-Foams- Market Size & Forecast 2019-2030, USD Million
By Plastic Type
-Polyethylene Terephthalate (PET) – Market Size & Forecast 2019-2030, USD Million
-Polyethylene (PE)- Market Size & Forecast 2019-2030, USD Million
-Polypropylene (PP)- Market Size & Forecast 2019-2030, USD Million
-Polyvinyl Chloride (PVC)- Market Size & Forecast 2019-2030, USD Million
-Polystyrene (PS)- Market Size & Forecast 2019-2030, USD Million
By Type
-Post-consumer Recyclates- Market Size & Forecast 2019-2030, USD Million
-Industrial Recyclates- Market Size & Forecast 2019-2030, USD Million
By Process
-Mechanical Recycling – Market Size & Forecast 2019-2030, USD Million
-Chemical Recycling – Market Size & Forecast 2019-2030, USD Million
By Application
-Packaging- Market Size & Forecast 2019-2030, USD Million
-Building & Construction- Market Size & Forecast 2019-2030, USD Million
-Textiles- Market Size & Forecast 2019-2030, USD Million
-Automotive- Market Size & Forecast 2019-2030, USD Million
-Electrical & Electronics- Market Size & Forecast 2019-2030, USD Million
By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
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Key Players Operating in the Plastic Recycling Market: –
Clear Path Recycling
-Business Description
-Type Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Custom Polymers
-Business Description
-Type Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Plastipak Holdings.
-Business Description
-Type Portfolio
-Strategic Alliances or Partnerships
-Recent Developments
-Financial Details
-Others
Key Questions Answered:
- What is the projected CAGR of the Plastic Recycling Market during the forecast period?
- Which segment is expected to lead the Plastic Recycling Market?
- Who are the prominent players driving market growth?
Key Offerings:
- Market Share, Size, and Revenue Forecast
- Market Dynamics: Growth drivers, restraints, investment opportunities, and key trends
- Landscape: Leading key players and other prominent participants
About MarkNtel Advisors
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.
We understand the mounting & diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfilled their assessment of the current & future industry potential, identify white spaces & hotspots, & venture into new geographies or business segments in the future.
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