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Recycled Plastic Market Size to Exhibit a CAGR of 8.5%; Increasing Investment in Manufacturing Through Recycled Sources Will Provide Impetus to Market Growth, says Fortune Business Insights™

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News provided by

Fortune Business Insights

07 Apr, 2020, 10:00 GMT

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- Key companies covered are Moisture Shield, Berkshire Hathaway Incorporated, BioCore LLC, CarbonLite Industries LLC, The Coca-Cola Company Incorporated, Coll Materials Incorporated, Custom Polymers Incorporated, Entropex, Envision Plastics Industries LLC, & more

PUNE, India, April 7, 2020 /PRNewswire/ --  The global recycled plastic market size is projected to reach USD 72.6 billion by the end of 2026. The presence of several large scale companies across the world will have a positive impact on the growth of the market in the coming years. According to a report published by Fortune Business Insights, titled "Recycled Plastic Market Size, Share & Industry Analysis, By Type (Polyethylene Terephthalate, High-density Polyethylene, Polypropylene, Low-density Polyethylene, and Others), By Application (Non-Food Packaging, Food Packaging, Construction, Automotive, and Others), and Regional Forecast, 2019-2026," the market was worth USD 37.8 billion in 2018 and will exhibit a CAGR of 8.5% during the forecast period, 2019-2026.

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Recycled Plastic Market Analysis, Insights and Forecast, 2015-2026

Recycled plastic is the product that possess the same properties as virgin plastics, but are produced from scratch and waste materials. The primary aim of Recycled Plastic is to reduce the total wastes and bring down the adverse effects of plastic wastes on environmental pollution. The high emphasis on manufacturing methods as well as materials associated with Recycled Plastic will emerge in favor of the companies operating in the market. The increasing demand for the product, resulting from its widespread applications across diverse industries, will contribute to the growth of the market. Accounting to the serious effects of plastic wastes on the environment, governments across the world has imposed strict regulations towards their usage.

Request a Sample Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/recycled-plastic-market-102568

An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. Some industries are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.

Click here to get the short-term and long-term impact of COVID-19 on this Market: https://www.fortunebusinessinsights.com/recycled-plastic-market-102568

Increasing Efforts Taken to Maximize the Use of Recycled Products Will Aid Growth

The report encompasses several factors that have contributed to the growth of the market in recent years. Plastic waste have a serious effect on the environment, particularly on aquatic and wildlife. As a result, several large scale companies are partnering to minimize the use of plastic and make people aware about its negative effects. In March 2019, Coca Cola, Nestle, and Unilever formed the 'African Plastics Recycling Alliance'. This alliance was formed to bring about a change in the plastic recycling infrastructure across Sub-Saharan Africa. This alliance will not just influence the regional market, but will also have a direct impact on the growth of the global market.

Asia Pacific to Emerge Dominant; High Demand for Bottled Water to Create Several Growth Opportunities

The report analyzes the ongoing beer market trends across North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among these regions, the market in Asia Pacific is likely to emerge dominant in the coming years. The presence of several bottled water manufacturers will aid the growth of the market. Besides Asia Pacific, the market in North America will witness considerable growth in the coming years driven by the increasing number of government initiatives. As of 2018, the market in North America was worth USD 2.45 billion and this value is projected to increase further in the coming years, owing to the high awareness regarding the use of plastic material.

List of leading companies that are currently operating in the global Recycled Plastic market are:

  • Moisture Shield
  • Berkshire Hathaway Incorporated
  • BioCore LLC
  • CarbonLite Industries LLC
  • The Coca-Cola Company Incorporated
  • Coll Materials Incorporated
  • Custom Polymers Incorporated
  • Dart Container Corporation
  • Entropex
  • Envision Plastics Industries LLC
  • Fresh Pak Corporation
  • Hilex Poly Company LLC
  • Illinois Tool Works Incorporated
  • KW Plastics
  • Marglen Industries Incorporated
  • Mohawk Industries Incorporated
  • MRC Polymers Incorporated
  • NextLife Recycling LLC
  • Omni Resource Recovery Incorporated
  • Parallel Products of Kentucky Incorporated
  • PARC Corporation
  • Peninsula Plastics Recycling Incorporated
  • PET Processors LLC
  • Phoenix Technologies International LLC
  • Plastic Revolutions Incorporated
  • Plastipak Holdings Incorporated
  • Polychem Corporation
  • Total S.A.
  • PolyQuest Incorporated
  • Reynolds Group Holdings Limited
  • Schupan & Sons Incorporated
  • Trex Company Incorporated
  • Wellman Plastics Recycling LLC
  • WTE CORPORATION
  • Other Players

Quick Buy - Recycled Plastic Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/102568

Industry Developments:

October 2019: Total S.A. announced an expansion of Synova's recycled polypropylene. This expansion will take its total production capacity up by 20 KT per annum.

Detailed Table of Content:

  • Introduction
    • Research Scope
    • Market Segmentation
    • Research Methodology
    • Definitions and Assumptions
  • Executive Summary
  • Market Dynamics
    • Market Drivers
    • Market Restraints
    • Market Opportunities
  • Key Insights
    • Key Emerging Trends – For Major Countries
    • Key Developments: Mergers, Acquisition, Partnership, etc.
    • Latest Technological Advancement
    • Insights on Regulatory Scenario
    • Porters Five Forces Analysis
  • Global Recycled Plastic Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Analysis, Insights and Forecast – By Type
      • Polyethylene Terephthalate (PET)
      • High-Density Polyethylene (HDPE)
      • Polypropylene (PP)
      • Low-Density Polyethylene (LDPE)
      • Others
    • Market Analysis, Insights and Forecast – By Application
      • Non-Food Packaging
      • Food Packaging
      • Construction
      • Automotive
      • Others
    • Market Analysis, Insights and Forecast – By Region
      • North America
      • Europe
      • Asia pacific
      • Latin America
      • Middle East & Africa

TOC Continued…!

Get your Customized Research Report:

https://www.fortunebusinessinsights.com/enquiry/customization/recycled-plastic-market-102568

Have a Look at Related Market Insights:

Plastic Compounding Market Size, Share & Industry Analysis, By Type (Polyethylene, Polypropylene, Poly Vinyl Chloride, Polystyrene, Polyethylene, Polybutylene Terephthalate, Polyamide, Polycarbonate, Acrylonitrile Butadiene Styrene, and Others), By Application, and Regional Forecast, 2019-2026

Plastics Market Size, Share & Industry Analysis, By Type (Polyethylene, Polypropylene, Polyethylene Terephthalate, Polyvinyl Chloride, Acrylonitrile Butadiene Styrene, Polyamide, Polycarbonate, Polyurethane, Polystyrene, and Others), By End-Use Industry (Packaging, Automotive & Transportation, Infrastructure & Construction, Consumer Goods/Lifestyle, Healthcare & Pharmaceutical, Electrical & Electronics, Textile, and Others), and Regional Forecast, 2019-2026

Automotive Plastics Market Size, Share & Industry Analysis, By Type (Polypropylene, Polyurethane, Polyamide, Polyvinylchloride, Acrylonitrile Butadiene Styrene, Polycarbonate, Polyethylene, and Others), By Application (Interior, Exterior, and Under Bonnet), and Regional Forecast, 2019-2026

Injection Molded Plastics Market Size, Share & Industry Analysis, By Resin Polypropylene (PP), Acrylonitrile butadiene styrene (ABS), High-density polyethylene (HDPE), Polystyrene (PS), and Others), By Application (Automotive, Packaging, Building & Construction, Electrical & Electronics, Medical, and Others), and Regional Forecast, 2019-2026

Caps & Closures Market Size, Share & Industry Analysis, By Material (Plastic, Metal, and Others), and By Application (Food & Beverage, Pharmaceuticals, Consumer Goods, Cosmetics & Personal Care Products and Others) and Regional Forecast, 2019-2026

Beverage Packaging Market Size, Share & Industry Analysis, By Material (Plastic, Glass, Metal, and Others), By Product (Can, Bottle & jars, Pouch, Carton, and Others), By Application (Alcoholic and Non-alcoholic) and Regional Forecast, 2019-2026

Personal Protective Equipment (PPE) Market Size, Share & Industry Analysis By Product (Head Protection, Eye & Face Protection, Hearing Protection, Protective Clothing, Respiratory Protection, Fall Protection Protective Footwear, Hand Protection, and Others), By Application (Construction, Manufacturing, Oil & Gas, Chemical, Food, Pharmaceutical, Transportation, and Others) and Regional Forecast, 2019-2026

Bioplastics Market Size, Share & Industry Analysis, By Type (Biodegradable and Non-biodegradable), By Application (Rigid Packaging, Flexible Packaging, Textiles, Automotive & Transportation, Agriculture & Horticulture, Consumer Goods, and Others), and Regional Forecast, 2019-2026

Polyurethane Market Size, Share & Industry Analysis, By Product Type (Rigid Foam, Flexible Foam, Molded Foam, Elastomers, Adhesives & Sealants, Coatings, and Others), By Application (Furniture, Construction, Electronics, Automotive & Transportation, Packaging, Footwear, and Others), and Regional Forecast 2019-2026

Blow Molded Plastics Market Size, Share & Industry Analysis, By Resin (Polyethylene Terephthalate (PET), Polyethylene (PE), Polyvinyl Chloride (PVC), Polystyrene (PS), and Others), By Molding Method (Extrusion Blow Molding, Injection Blow Molding, Stretch Blow Molding, Rotational Blow Molding), By Application (Transportation, Packaging, Building & Construction, Electrical & Electronics), and Regional Forecast 2019-2026

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data. 

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us:
Fortune Business Insights™ Pvt. Ltd.
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Read Press Release: https://www.fortunebusinessinsights.com/press-release/recycled-plastic-market-9719 

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