Recycled Plastic Market by End-user, Type, and Geography - Forecast and Analysis 2021-2025

  • Published: Oct 2021
  • Pages: 120
  • SKU: IRTNTR40594
Technavio

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The recycled plastics market share is expected to increase by 16.28 million tons from 2020 to 2025, and the market’s growth momentum will decelerate at a CAGR of 4.25%.

This recycled plastics market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (packaging, construction, automotive, electrical and electronic components, and others), type (PET, HDPE, LDPE, PP, and others), and geography (APAC, Europe, North America, MEA, and South America). The recycled plastics market report also offers information on several market vendors, including Altium Packaging, Avangard innovative, Imerys S.A., Indorama Ventures Public Co. Ltd., Kuusakoski Group Oy, KW Plastics, MBA Polymers Inc., Mohawk Industries Inc., UltrePET LLC, and VEOLIA ENVIRONNEMENT SA among others.

What will the Recycled Plastics Market Size be in 2021?

Download the Free Report Sample to Unlock the Recycled Plastics Market Size for 2021 and Other Important Statistics

 

Recycled Plastics Market: Key Drivers and Trends

The environment-friendly nature of recycled plastics is notably driving the recycled plastics market growth, although factors such as stringent government regulations may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the recycled plastics industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Recycled plastics market driver

The environment-friendly nature of recycled plastics will be one of the major growth drivers for the recycled plastics market. Conventional plastics are one of the major causes of environmental pollution. Advances in technology have motivated plastic manufacturers to produce eco-friendly and biodegradable products. Improvements in the functioning of the recycled plastic market can contribute to high plastic collection and recycling rates. This would help in reducing the environmental pollution caused by plastics as well as highlight the beneficial aspects of plastic use. 

Recycled plastics market challenge

Stringent government regulations for packaging materials are one of the major challenges for the market in focus. The European Food Safety Authority (EFSA) and the FDA regulate the use of materials used in food packaging. Recycled food contact material should meet the same regulatory specifications as conventional materials. As per EFSA regulation, food contact materials and articles that contain recycled plastic from an authorized recycling process are the only ones allowed in Europe. Furthermore, the increasing demand for biodegradable plastics across the world will decrease the growth of the global recycled plastic market during the forecast period.


This recycled plastics market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Recycled Plastics Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Altium Packaging
  • Avangard innovative
  • Imerys S.A.
  • Indorama Ventures Public Co. Ltd.
  • Kuusakoski Group Oy
  • KW Plastics
  • MBA Polymers Inc.
  • Mohawk Industries Inc.
  • UltrePET LLC
  • VEOLIA ENVIRONNEMENT SA

 

This statistical study of the recycled plastics market encompasses successful business strategies deployed by the key vendors. The recycled plastics market is fragmented and the vendors are deploying several organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The recycled plastics market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Recycled Plastics Market?

For more insights on the market share of various regions Request for a FREE sample now!

44% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for recycled plastics in APAC. However, market growth in APAC will be slower compared to other regions.

Government initiatives to promote recycled plastics in the packaging, automotive, and other end-use industries will facilitate the recycled plastics market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating End-user Segments in the Recycled Plastics Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The recycled plastics market share growth by the packaging segment will be significant during the forecast period. The high demand for plastic products for packaging in the food and beverage, personal care, household care, and healthcare industries is one of the major factors driving the growth of the market in focus.

This report provides an accurate prediction of the contribution of all the segments to the growth of the recycled plastics market size and actionable market insights on post COVID-19 impact on each segment.

 

Recycled Plastics Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 4.25%

Market growth 2021-2025

16.28 mn tons

Market structure

Fragmented

YoY growth (%)

5.94

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 44%

Key consumer countries

China, Japan, US, India, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Companies profiled

Altium Packaging, Avangard innovative, Imerys S.A., Indorama Ventures Public Co. Ltd., Kuusakoski Group Oy, KW Plastics, MBA Polymers Inc., Mohawk Industries Inc., UltrePET LLC, and VEOLIA ENVIRONNEMENT SA

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Factors Covered in this Recycled Plastics Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive recycled plastics market growth during the next five years
  • Precise estimation of the recycled plastics market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the recycled plastics industry across APAC, Europe, North America, MEA, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of recycled plastics market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Read More Read Less

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 - 2025

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user
  • Packaging - Market size and forecast 2020-2025
  • Construction - Market size and forecast 2020-2025
  • Automotive - Market size and forecast 2020-2025
  • Electrical and electronic components - Market size and forecast 2020-2025
  • Others - Market size and forecast 2020-2025
  • Market opportunity by End-user

Market Segmentation by Type

  • Market segments
  • Comparison by Type
  • PET - Market size and forecast 2020-2025
  • HDPE - Market size and forecast 2020-2025
  • LDPE - Market size and forecast 2020-2025
  • PP - Market size and forecast 2020-2025
  • Others - Market size and forecast 2020-2025
  • Market opportunity by Type

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2020-2025
  • Europe - Market size and forecast 2020-2025
  • North America - Market size and forecast 2020-2025
  • MEA - Market size and forecast 2020-2025
  • South America - Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Altium Packaging
  • Avangard innovative
  • Imerys S.A.
  • Indorama Ventures Public Co. Ltd.
  • Kuusakoski Group Oy
  • KW Plastics
  • MBA Polymers Inc.
  • Mohawk Industries Inc.
  • UltrePET LLC
  • VEOLIA ENVIRONNEMENT SA

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
Technavio

TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
Technavio

TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
Interested in this report?
Get your FREE sample now!
The recycled plastics market growth will increase by $14.74 billion during 2019-2024.
The recycled plastics market is expected to grow at a CAGR of 6.56% during 2019-2024.
Technavio has segmented the recycled plastics market by end user (Packaging, Construction, Automotive, Electrical and electronics, and Others) and geographic (APAC, Europe, North America, and South America).
B. Schoenberg & Co. Inc., Envision Plastics, Imerys SA, Kuusakoski Group Oy, KW Plastics , MBA Polymers Inc., PLASgran Ltd., SUEZ SA, UltrePET LLC , Veolia Environnement are a few of the key vendors in the recycled plastics market.
APAC will register the highest growth rate of 62.81% among the other regions. Therefore, the recycled plastics market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • China
  • US
  • Germany
  • Japan
  • India
  • Saudi Arabia
The key factors driving the recycled plastics market growth are:
  • Increasing demand for recycled plastics from packaging industry
  • New and innovative torque sensors
The recycled plastics market vendors should focus on grabbing business opportunities from the packaging segment as it accounted for the largest market share in the base year.
Safe and Secure SSL Encrypted
Technavio

Single User:

2500 USD

Technavio Get the report (PDF) sent to your email within minutes.

Subscribe & Save

Get lifetime access to our
Technavio Insights

Want to customize this report?

This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

We offer $1000 worth of FREE customization at the time of purchase
Technavio
Enquire Before Buying
  1. Home
  2. Materials
  3. Published Report
17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>