Statistical analysis of Recycled Plastics Market has been published by Absolute Markets Insights. It provides an in-depth analysis of primary and secondary exploratory techniques have been used by analysts. Thus, information that represents factors in different business dynamics has been developed to provide a complete description of the changing variables.
According to Absolute Markets Insights report, Polyethylene terephthalate (PET) accounted for the higher market share in 2020 and is projected to maintain its dominance over the forecast period (2021-2029) in the recycled plastics market. The growth in this segment can be attributed to high demand for packaging of food & beverage products. The product is widely used for numerous application such as moldings, bottles, jars, fibers etc. on account of its chemical resistance, excellent impact & tensile strength, and thermal stability. Moreover, growing use of food grade recycled polyethylene terephthalate (PET) in bottle-to-bottle processes along with voluntary pledges by producers for recycled polyethylene terephthalate (PET) target content in line with EU Single Use Plastics Directives is projected to further accelerate the production. Furthermore, changing trade flows of plastic waste has impacted the waste volumes positively, such a factor has produced new trade avenues for plastic flakes, bale and food grade recycled polyethylene terephthalate (PET). The aforementioned factors have positively influenced the market growth of recycled plastics especially recycled polyethylene terephthalate (PET).
View Full Report: https://www.absolutemarketsinsights.com/reports/Global-Recycled-Plastics-Market-2021---2029-989
Competitor Insights:
Advanced Drainage Systems, Inc.,Avangard Innovative,B & B Plastics Inc.,B. Schoenberg & Co.,Clear Path Recycling,Custom Polymers Inc.,J&A Young (Leicester) Ltd,KW Plastics,PLASTIPAK HOLDINGS, INC. AND ITS AFFILIATES,SUEZ,Ultra-Poly Corporation,Veolia,Other Market Participants.
Key Findings:
- By type, the polyethylene terephthalate (PET) segment registered for the major share of revenue in the recycled plastics market in 2020.
- By technique, mechanical recycling segment accounted for the highest market share in recycled plastics market in 2020.
- By end use industry, packaging segment accounted for the major share in 2020
- By region, Asia-Pacific region dominated the market in terms of revenue in 2020.
Global Recycled Plastics Market:
By Type:
- Polyethylene Terephthalate (PET)
- High Density Polyethylene (HDPE)
- Polypropylene (PP)
- Low Density Polyethylene (LDPE)
- Polyvinyl chloride (PVC)
- Polystyrene (PS)
- Others
By Technique:
- Mechanical recycling
- Chemical Recycling
- Energy Recycling
By End-Use Industry:
- Packaging
- Food Packaging
- Non-Food Packaging
- Building & Construction
- Automotive
- Electrical & Electronics
- Medical
- Agriculture
- Others
By Region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
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