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Recycled Plastics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

March 2023 | 106 pages | ID: R0A30B1C628EN
IMARC Group

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The global recycled plastics market size reached US$ 39.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 53.5 Billion by 2028, exhibiting a growth rate (CAGR) of 4.88% during 2023-2028.

Plastic recycling refers to the process of reusing and recovering plastic waste or scraps as functional and valuable products. It includes sorting, washing, shredding, identifying, classifying, extruding, and reprocessing post-industrial plastics. As it helps save natural resources used to make virgin plastics, clear landfill space, and conserve energy, recycled plastics are extensively used in the manufacturing of footwear, fabrics, toys, bags, toothbrushes, and several consumer products.

Recycled Plastics Market Trends:
The rising environmental consciousness among individuals about the harmful effects of plastic waste represents one of the significant factors positively influencing the market. Governments of various countries are also introducing stringent regulations and plastic recycling programs to minimize waste production, promote the reuse and recycling of plastic scraps, and encourage sustainable waste treatment. This, in turn, is contributing to the market growth. Apart from this, the growing global population is resulting in the increasing construction activities of residential and commercial complexes, which is driving the use of recycled plastics. In addition, the increasing utilization of plastics in making different components of vehicles is creating a favorable market outlook. This can also be attributed to the boosting sales of passenger and commercial vehicles worldwide. Besides this, the busy schedules of individuals and inflating income levels are escalating the demand for ready-to-eat (RTE) and processed food products, which, in turn, is increasing the sales of packaged plastic materials. Furthermore, leading manufacturers are increasingly focusing on adding value and consumerism to recycled plastic products. They are also investing in research and development (R&D) activities to improve the quality performance of products, which is anticipated to provide a positive thrust to the market.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global recycled plastics market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on plastic type, application and raw material.

Breakup by Plastic Type:

Polyethylene Terephthalate (PET)
High Density Polyethylene (HDPE)
Polypropylene (PP)
Low Density Polyethylene (LDPE)
Others

Polyethylene terephthalate (PET) currently holds the majority of the market share on account of its expanding applications in the manufacturing of containers, shoes, automobile parts, and luggage.

Breakup by Application:

Non-Food Contact Packaging
Food Contact Packaging
Construction
Automotive
Others

Non-food contact packaging exhibits a clear dominance in the market as it is extensively used in the industrial processing of products and protects them from unfavorable climatic conditions.

Breakup by Raw Material:

Plastic Bottles
Plastic Films
Rigid Plastic and Foam
Fibres
Others

At present, plastic bottles represent the major raw material type for recycled plastics as they find extensive applications in numerous industries for storage purposes.

Regional Insights:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

The Asia Pacific dominates the market due to various initiatives undertaken by governments of different countries in the region toward plastic recycling.

Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are

Avangard Innovative
B. Schoenberg & Co., Inc.
Delta Plastics
UltrPET LLC
CarbonLITE Industries
Veolia Environment SA
Suez Recycling & Recovery Holdings
KW Plastics

This report provides a deep insight into the global recycled plastics market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the recycled plastics industry in any manner.

Key Questions Answered in This Report

1. What is the size of the global recycled plastics market?
2. What is the expected growth rate of the global recycled plastics market?
3. What are the key factors driving the global recycled plastics market?
4. What has been the impact of COVID-19 on the global recycled plastics market?
5. What is the breakup of the global recycled plastics market based on the plastic type?
6. What is the breakup of the global recycled plastics market based on the application?
7. What is the breakup of the global recycled plastics market based on the raw material?
8. What are the key regions in the global recycled plastics market?
9. Who are the key companies/players in the global recycled plastics market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL RECYCLED PLASTICS MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Plastic Type
5.5 Market Breakup by Raw Material
5.6 Market Breakup by Application
5.7 Market Breakup by Region
5.8 Market Forecast
5.9 SWOT Analysis
  5.9.1 Overview
  5.9.2 Strengths
  5.9.3 Weaknesses
  5.9.4 Opportunities
  5.9.5 Threats
5.10 Value Chain Analysis
  5.10.1 Overview
  5.10.2 Research and Development
  5.10.3 Raw Material Procurement
  5.10.4 Manufacturing
  5.10.5 Distribution
  5.10.6 Export
  5.10.7 End-Use
5.11 Porters Five Forces Analysis
  5.11.1 Overview
  5.11.2 Bargaining Power of Buyers
  5.11.3 Bargaining Power of Suppliers
  5.11.4 Degree of Competition
  5.11.5 Threat of New Entrants
  5.11.6 Threat of Substitutes

6 MARKET BREAKUP BY PLASTIC TYPE

6.1 Polyethylene Terephthalate (PET)
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 High Density Polyethylene (HDPE)
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Polypropylene (PP)
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4 Low Density Polyethylene (LDPE)
  6.4.1 Market Trends
  6.4.2 Market Forecast
6.5 Others
  6.5.1 Market Trends
  6.5.2 Market Forecast

7 MARKET BREAKUP BY RAW MATERIAL

7.1 Plastic Bottles
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Plastic Films
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Rigid Plastic and Foam
  7.3.1 Market Trends
  7.3.2 Market Forecast
7.4 Fibres
  7.4.1 Market Trends
  7.4.2 Market Forecast
7.5 Others
  7.5.1 Market Trends
  7.5.2 Market Forecast

8 MARKET BREAKUP BY APPLICATION

8.1 Non-Food Contact Packaging
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Food Contact Packaging
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Construction
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4 Automotive
  8.4.1 Market Trends
  8.4.2 Market Forecast
8.5 Others
  8.5.1 Market Trends
  8.5.2 Market Forecast

9 MARKET BREAKUP BY REGION

9.1 North America
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Europe
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Asia Pacific
  9.3.1 Market Trends
  9.3.2 Market Forecast
9.4 Latin America
  9.4.1 Market Trends
  9.4.2 Market Forecast
9.5 Middle East and Africa
  9.5.1 Market Trends
  9.5.2 Market Forecast

10 RECYCLED PLASTICS MANUFACTURING PROCESS

10.1 Product Overview
10.2 Raw Material Requirements
10.3 Manufacturing Process
10.4 Key Success and Risk Factors

11 COMPETITIVE LANDSCAPE

11.1 Market Structure
11.2 Key Players
11.3 Profiles of Key Players
  11.3.1 Avangard Innovative
  11.3.2 B. Schoenberg & Co., Inc.
  11.3.3 Delta Plastics
  11.3.4 UltrPET LLC
  11.3.5 CarbonLITE Industries
  11.3.6 Veolia Environment SA
  11.3.7 Suez Recycling & Recovery Holdings
  11.3.8 KW Plastics

LIST OF TABLES

Table 1: Global: Recycled Plastics Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Recycled Plastics Market Forecast: Breakup by Plastic Type (in Million US$), 2023-2028
Table 3: Global: Recycled Plastics Market Forecast: Breakup by Raw Material (in Million US$), 2023-2028
Table 4: Global: Recycled Plastics Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: Global: Recycled Plastics Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Recycled Plastics Production: Raw Material Requirements
Table 7: Global: Recycled Plastics Market: Competitive Structure
Table 8: Global: Recycled Plastics Market: Key Players

LIST OF FIGURES

Figure 1: Global: Recycled Plastics Market: Major Drivers and Challenges
Figure 2: Global: Recycled Plastics Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Recycled Plastics Market: Breakup by Plastic Type (in %), 2022
Figure 4: Global: Recycled Plastics Market: Breakup by Raw Material (in %), 2022
Figure 5: Global: Recycled Plastics Market: Breakup by Application (in %), 2022
Figure 6: Global: Recycled Plastics Market: Breakup by Region (in %), 2022
Figure 7: Global: Recycled Plastics Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 8: Global: Recycled Plastics Industry: SWOT Analysis
Figure 9: Global: Recycled Plastics Industry: Value Chain Analysis
Figure 10: Global: Recycled Plastics Industry: Porter’s Five Forces Analysis
Figure 11: Global: Recycled Plastics Market (Polyethylene Terephthalate - PET): Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Recycled Plastics Market Forecast (Polyethylene Terephthalate - PET): Sales Value (in Million US$), 2023-2028
Figure 13: Global: Recycled Plastics Market (High Density Polyethylene - HDPE): Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Recycled Plastics Market Forecast (High Density Polyethylene- HDPE): Sales Value (in Million US$), 2023-2028
Figure 15: Global: Recycled Plastics Market (Polypropylene - PP): Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Recycled Plastics Market Forecast (Polypropylene - PP): Sales Value (in Million US$), 2023-2028
Figure 17: Global: Recycled Plastics Market (Low Density Polyethylene - LDPE): Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Recycled Plastics Market Forecast (Low Density Polyethylene - LDPE): Sales Value (in Million US$), 2023-2028
Figure 19: Global: Recycled Plastics Market (Other Plastic Types): Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Recycled Plastics Market Forecast (Other Plastic Types): Sales Value (in Million US$), 2023-2028
Figure 21: Global: Recycled Plastics (From Plastic Bottles) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Recycled Plastics (From Plastic Bottles) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Recycled Plastics (From Plastic Films) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Recycled Plastics (From Plastic Films) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Recycled Plastics (From Rigid Plastic and Foam) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Recycled Plastics (From Rigid Plastic and Foam) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Recycled Plastics (From Fibres) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Recycled Plastics (From Fibres) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Recycled Plastics (Other Raw Materials) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Recycled Plastics (Other Raw Materials) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Recycled Plastics Market (Applications in Non-Food Contact Packaging): Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Recycled Plastics Market Forecast (Applications in Non-Food Contact Packaging): Sales Value (in Million US$), 2023-2028
Figure 33: Global: Recycled Plastics Market (Applications in Food Contact Packaging): Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Recycled Plastics Market Forecast (Applications in Food Contact Packaging): Sales Value (in Million US$), 2023-2028
Figure 35: Global: Recycled Plastics Market (Applications in Construction): Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Recycled Plastics Market Forecast (Applications in Construction): Sales Value (in Million US$), 2023-2028
Figure 37: Global: Recycled Plastics Market (Applications in Automotive): Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Recycled Plastics Market Forecast (Applications in Automotive): Sales Value (in Million US$), 2023-2028
Figure 39: Global: Recycled Plastics Market (Other Applications): Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: Recycled Plastics Market Forecast (Other Applications): Sales Value (in Million US$), 2023-2028
Figure 41: North America: Recycled Plastics Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: North America: Recycled Plastics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Europe: Recycled Plastics Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Europe: Recycled Plastics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Asia Pacific: Recycled Plastics Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Asia Pacific: Recycled Plastics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Latin America: Recycled Plastics Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Latin America: Recycled Plastics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Middle East and Africa: Recycled Plastics Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Middle East and Africa: Recycled Plastics Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Recycled Plastics Manufacturing: Detailed Process Flow


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