The market data in the tables of this report covers only post-consumer plastics. The term chemical recycling will be used to describe the return to chemical units originally used to make resins. The term recovery includes all disposal methods except land disposalfor example, recycling, incineration, waste-to-energy (WTE). icis plastic resins feedstock than fare rout amid major asia better oil Company profiles of the industry including JK Plastics Pty. Tell us more. Eco-bricks or eco-blocks can be made with recycled single-use bottles and plastic films and can be used in building beds, tables, walls, and others. The estimated growth rate is primarily driven by the excessive generation of plastic waste across the globe. The existing combined addressable market opportunities for plastics and petrochemicals in the U.S. and Canada, which could be met in part by recovering waste plastics, totals USD 120 billion per year. Avangard Innovative will be the first company in the U.S. to use UpCycle Process Technology. 
Plastic Recycling Market is projected to be worth USD 67.32 billion by 2030. The plastics recycling market in Europe accounted for second-largest revenue share in 2021 due to rising government initiatives to speed up innovation in recycling plastics materials. The global market of biodegradable polymers should grow from $3.7 billion in 2022 to $9.5 billion in 2027, at a compound annual growth rate (CAGR) of 20.6% during the forecast period of 2022 through 2027. The global market for recycling of batteries and other types of e-waste should grow from $31.7 billion in 2020 to $61.8 billion by 2024 at a compound annual growth rate (CAGR) of 18.2% for the period of 2020-2024. Especially, the food and beverage industry and pharmaceutical industry, due to the increasing demand across the globe has increased their production activities and has been found to generate a huge amount of plastic wastage in recent years. The growing population and industrialization across the globe combined with the exponential rise in the economic condition and the increasing industrial activities are generating enormous amounts of plastic waste and are contributing to the growth of the plastic recycling market growth. Post-industrial plastics are not included. Which region is expected to grow at a higher pace during the forecast period? This magnetic additive when applied to a material, creates better air and moisture insulation and sensitive products, such as coffee and medical products, can be easily stored using this. Any secondary use or reuse of the material is assumed to have already taken place. The plastic recycling market can thrive at 7.19% CAGR by 2030. Polypropylene is recycled rarely and used for making plastic products such as bottles, cups, medical devices, automotive parts, and others. Collectively, the team represents a diverse set of educational achievements with individual graduate work completed in fields such as microbiology, electrical engineering, business administration and surgery, among others. 
For example, installation of a robotic arm coupled with Artificial Intelligence (AI) sorting technology in waste management facilities can identify and sort different types of materials to their corresponding bins irrespective of their condition including irregularity, dirty, and damage. Plastics recycling market revenue growth is primarily driven by factors such as rising demand for eco-friendly and sustainable products and increasing demand from manufacturers owing to its cost-effectiveness. 
Some of the end-users and consumers show a higher preference for virgin plastics over recycled plastics for the better quality and cheaper price. The plastics recycling market size were USD 38.52 Billion in 2021. This report is divided into several sections as given below-. 
Such factors are augmenting the plastic recycling market growth. Mechanical recycling methods include those that involve physical modifications to the recovered plastic only, such as separation, grinding and classifying. WM Intellectual Property Holdings, L.L.C. All rights reserved. 
Market values and volumes have specific measurements, as described below: BCC Publishing Staff comprises expert analysts who are skilled in conducting primary research, secondary research and data analysis and have decades of combined experience covering a wide range of industries, including healthcare, advanced materials and emerging technologies. It is less expensive to produce from recycled polyethylene than from virgin plastic and by using recycled polyethylene, companies can lower their costs and contribute to improve the environment. Moreover, most of the plastic recycling plants have solutions that are highly inefficient in utilizing the fuel and are costlier than virgin plastics. 2021 market forecast 2026 scanning opportunities growth ct analysis trends industry pet global services plasticsinfomart plastics plastic The Sources section describes existing markets by product source. BCC Research Plastic market research review provides market professional with concise market coverage within plastic category targeted to Europe, Asia, and North America. Transportation and reaching out to the processing plants have become difficult for the key market players and have imposed a significant decline for the overall growth of the plastic recycling industry. 
Some reports generated in the European countries states that over 4.4 million tons of plastic waste are generated across the European countries, which are becoming landfills over the year. Major manufacturers, such as Johnson Matthey, Republic Services, Inc., B & B Plastics Inc., and others, are investing in advanced technologies for development of innovative recycled plastic products, which is also contributing to market revenue growth. During the pandemic, China's import restrictions on plastic waste, as well as supply chain disruptions and shortages of manufacturing feedstock, exposed fragility of plastic production and recycling infrastructure. You will be added to our mailing list. There is no established method or procedure in collecting the plastic waste from the manufacturing plants and production areas or sorting them according to the category of the plastics. The packaging segment in several end-user industries is generating a huge amount of plastic wastage compared to other segments. According to United Nations report published in October 2021, pollution from plastics will be doubled by end of 2030, which is creating serious threat to all ecosystems across the globe. Moreover, the region imports and recycles the waste plastic and converts them for significant applications. However, launch of recent policies regarding zero Green House Gases (GHGs) emissions by governments and regulatory bodies of various countries is restraining advancement of a sustainable plastics economy. Manufacturers in this region are shifting their preferences toward recycled plastic as it is cheaper than virgin plastic and is also eco-friendly. Especially, the lower price point and easy availability of the equipment are presenting opportunities for the plastic recycling industries to deploy the mechanical pressing equipment to foster the overall growth of the plastic recycling industry. HANGZHOU TAIFOR CHEMICAL TEXTILE FIBER CO. LTD. SHANDONG YONGPING RENEWABLE TIOMIN RESOURCES INC. TRANSCONTINENTAL RECYCLING MONTRAL/ENVIROPLAST INC. Comprehensive overview of the global markets for plastics recycling within the industry, Analyses of the global market trends, with data corresponding to market size for 2019, estimates for 2020, and projections of compound annual growth rates (CAGRs) through 2025, Assessment of market potential for recycled plastics, revenue forecast in dollar value terms and market volumes on the basis of resin type, source of waste, end use, application sector and geographical region, Country specific data and analysis of China, India, Vietnam, Indonesia, Japan, South Korea, Germany, Italy, France, U.K., Spain, U.S., Canada, Mexico, Brazil, Australia and South Africa, Latest information on major market drivers, opportunities and challenges, industry chain structure, regulatory and environmental updates, macroeconomic trends, and technological advancements that are affecting the overall marketplace, Identification of companies best-positioned to meet the global plastics recycling market demand owing to their proprietary technologies, mergers and acquisitions, joint ventures and other strategic alliances, Competitive landscape of the leading companies encompassing their successful marketing strategies, key contribution, and recent developments, Company profiles of market leading participants, including CarbonLITE, Kunststoffrecycling Ges.m.b.H, LyondellBasell, MBA Polymers Inc., MTM Plastics GmbH, Montello S.p.A., Teijin, Recycled Plastics UK and Shakti Plastics Industries, An overview of the global markets for plastic recycling, Analyses of global market trends, with data from 2017, 2018, and projections of compound annual growth rates (CAGRs) through 2023, Discussion on the history and current state ofplastic recycling market, and future trends, Insight into the government regulationsand targets of the plastic recycling industry. This challenge supports development of more sustainable approaches to plastic packaging, novel polymer materials, and new recycling technologies. For instance, Recycling Technologies by breaking down plastic has created an advanced material Plaxx, by using a thermal cracking process. According to a report published by the University of Houston, the region could support up to 100 advanced recycling facilities by 2030, each capable of processing 25,000 tonnes per year, reducing Greenhouse Gas Emissions (GHG) by 10 million metric tonnes of CO2 per year. Rising initiatives from governments of countries in this region, such as the Chinese government, have already banned use of non-recycled plastics in its several metropolitan cities contributing to revenue growth of the market. The intensive usage of automotive industries and industrialization across the region are impacting the overall growth of the plastic recycling industry across the Asia-pacific region. Some major companies included in the global market report are: On 27 January 2022, Honeywell International Inc. headquartered in Charlotte, announced its intention to form a joint venture with Avangard Innovative to build an advanced recycling plant in Texas. This factor is considered as the major challenge for the plastic recycling market growth. Emergen Research has segmented the global plastics recycling market based on product type, source, end-use, and region: The global plastics recycling market revenue is expected to register a CAGR of 6.57% during the forecast period. pigments 2026 
The polyethylene segment revenue is projected to increase at a rapid growth rate during the forecast period, The bottle segment revenue is expected to register a rapid growth rate during the forecast period, The building and construction segment revenue is expected to increase at a steady rate during the forecast period, The North America market is expected to account for a robust revenue CAGR during the forecast period, Major Companies and Competitive Landscape, Product Type Outlook (Revenue, USD Billion; 20192030), Source Outlook (Revenue, USD Billion; 20192030), End-Use Outlook (Revenue, USD Billion; 20192030), Regional Outlook (Revenue, USD Billion; 20192030), Start typing & press "Enter" or "ESC" to close, Published Date: Jun 2022 | 
Summarizing the sources and end uses for recycled materials that are available. 
For instance, plastic innovation challenge by Department of Energy will accelerate innovations in the plastic industry and reduceplastic waste in oceans and landfills. 
Report ID: ER_001051 These acquisitions of the leading market players and novel innovations in technology are driving the plastic recycling market growth. The U.S. is recycling less than one tenth of its plastic waste and Europe about one third, but now all these countries will have more plastic that they can no longer export, hence plastic situation is getting worse. 
Based on end-use, the global plastics recycling market is segmented into building & construction, automotive, packaging, textile, electrical & electronics, and others. Feedstock recycling products are more akin to the raw materials used to produce plastics (e.g., petroleum, natural gas). Plastic recovery and recycling technologies have enormous economic value. Biodegradable Polymers: Global Markets and Technologies, Global Electric Vehicle Battery Reuse and Recycling Market, Full Report: Plastics Recycling: Global Markets, Chapter- 3: Overview of Plastics Recycling, Chapter- 5: Global Market Analysis by Type of Resin, Chapter- 6: Global Market Analysis by Collection Location, Chapter- 7: Global Market Analysis by Source, Chapter- 8: Global Market Analysis by Industry, Chapter- 9: Global Market Analysis by Region, An up-to-date review and analysis of the global market revenue for recycled plastics and related technologies, Analyses of the global market trends, with data from 2020 and 2021, estimates for 2022, and projections of compound annual growth rates (CAGRs) through 2027, Evaluation and forecast the global plastic recycling market size in value and volumetric terms, and corresponding market share analysis by resin type, collecting location, source of waste, end-use, and geographic region, Latest information on major market dynamics (DROs), technology advancements, industry structure, government regulations, and other macroeconomic factors affecting the overall plastics industry, Highlights of emerging technology trends, opportunities and gaps estimating current and future demand for recycled plastics, and impact of COVID-19 on the progress of this market, Identification of companies best positioned to meet the demand for recycled plastics owing to their proprietary technologies, mergers and acquisitions, joint ventures and other strategic alliances, Insight into recent industry structure, current competitive scenario, R&D activities, new product development, and company value share analysis based on their segmental revenues, Profile descriptions of the leading industry players, includingIndorama Ventures, LyondellBasell, Teijin, JK Plastics, ACI Plastics and Phoenix Technologies LP. The recycled PET products are considered to be more suitable for the applications such as packaging, textiles, films, and molded parts that are used in the automotive industry and electronics industry. For the purposes of this report, the term recycling refers to the removal of products from the waste stream for use (not including incineration or energy recovery). market plastic molded injection 2024 cagr till grow almost plasticsinfomart prices november march For instance, MacRebur Ltd. is a plastic road manufacturing company, which is using single-use plastic for this purpose and is significantly contributing to reducing carbon footprint in environment. The term feedstock recycling will be used to denote the process of decomposing plastics to a mix of organic chemicals, some used in the manufacture of plastics and some not. The plastic recycling industry was also facing distress throughout the pandemic as the collection of plastics from the key manufacturing locations and other key places had become difficult as there were stringent restrictions for movement. waste markit ihs study polyethylene exceed metric tonnes The COVID 19 pandemic has created severe economic shock across the manufacturing and industrial units and has made them struggle to combat the economic loss. Recycled plastic can be used as a raw material for making other materials and also has lower-environmental-footprint than other virgin materials. This facility will use Honeywell's UpCycle Process Technology to convert plastic waste into recycled polymer feedstock for production of new plastics and is expected to convert approximately 30,000 metric tonnes of mixed waste plastics into recycled polymer each year, with production beginning in 2023. | Format: Electronic (PDF) | Publish Type: Publish | Number of Pages: 250, 14671 110 Avenue, Surrey, British Columbia,V3R2A9, Revenue in USD Billion and CAGR in % from 2022 to 2030. Global Plastic Bottle Recycling Market Research Report Forecast To 2030, Recyclable Packaging Market Research Report Global Forecast 2030, Electronic Waste Recycling Market Research ReportGlobal Forecast Till 2030, Plastic Waste Management Market Research Report Forecast To 2030, Plastic Recycling Market Can Attain An Outstanding Value Of Usd 36,336.9 Mn By 2028, 2022 Market Research Future(Part of WantStats Research And Media Pvt. Report ID: ER_001051, Published Date: Jun 2022 | market automotive plastic research report summary published component Composite materials, such as paper and plastic foil, cannot be recycled unless they are separated and landfills and incineration are always used to discard these materials, which is also creating environmental pollution. This is due to the increasing number of small industries in the market and their significant operation. Polyethylene segment was the leading segment in terms of revenue share in 2021. Increase requirements for efficient and better recycling technologies and advancements in the sorting segment that would potentially reduce the manual intervention, especially removing the plastic waste from the water sources and other areas are extremely difficult and require manual collection which consumes more time. The depletion of natural resources due to the intensive usage and dumping of plastics in the ocean are creating huge stress in the overall environment. 
Based on source, the global plastics recycling market is segmented into bottles, films, foams, fibers, and others. 
recycling icis visibility recyclers operating polymers annually profiled tonnes expand Introduction of Climate Leadership and Environmental Action for our Nations (CLEAN) Future Act in 2021, in the U.S., is intended to achieve net-zero GHGs by 2050. The plastic recycling market is rapidly gaining momentum due to the increasing awareness among the general public regarding environmental safety. Several industrial verticals were facing distress due to the loss in supply and demand ratio, lack of labor, and many other issues. After the global market sections, there will be four chapters that discuss the regional plastics recycling markets: North America, Europe, Asia, and Rest of the World. recycling statistics plastic africa south rate plastics packaging consumption sprig material 
KW Plastics and KW Plastics Recycling Division. The Asia Pacific market is expected to register a significantly rapid revenue growth rate owing to growing environmental concerns. recycling market plastic global Market values are measured at the level of plastic recycled, such as the values of recycled resin pellets.
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