Rigid Recycled Plastics Market by Type and Geography - Forecast and Analysis 2021-2025

The rigid recycled plastics market share is expected to increase by 623.86 thousand MT from 2020 to 2025, at a CAGR of 7.52%.

This rigid 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 type (HDPE, PP, PET, and others) and geography (North America, Europe, APAC, South America, and MEA). The rigid recycled plastics market report also offers information on several market vendors, including Centriforce Products Ltd., Custom Polymer Inc., Envision Plastics, Imerys SA, Kuusakoski Group Oy, KW Plastics, Placon Corp., PLASgran Ltd., SUEZ SA, and Veolia Environnement SA, among others.

What will the Rigid Recycled Plastics Market Size be During the Forecast Period?

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Rigid Recycled Plastics Market: Key Drivers and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post the COVID-19 era. The increasing demand from developing countries is notably driving the rigid recycled plastics market growth, although factors such as stringent regulations and policies may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the rigid recycled plastics industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Rigid Recycled Plastics Market Driver

The global rigid recycled plastics market is driven by the growth of packaging, construction, and other industries from emerging economies. The emerging countries are expected to lead the rigid recycled plastics market owing to the economic development, open market, and industrialization. The increase in the manufacturing activities in these countries owing to the high GDP is also expected to drive the growth of the rigid recycled plastics market. Further, the increasing demand for infrastructure projects in China and India is expected to drive the growth of the global rigid recycled plastics market during the forecast period.

Key Rigid Recycled Plastics Market Challenge

The stringent regulations and policies can negatively impact the growth of the global rigid recycled plastics market. The constant push from regulatory agencies on the use of recycled plastics is expected to impede the growth of the rigid recycled plastics market. In Europe, there are guidelines on recycled articles and materials that may come in contact with food, and there is an authorization procedure for the implementation of recycling processes to produce recycled plastics. These regulations aim at creating a more efficient and practical system for regulating the use of recycled plastics in food packaging but at the same time impede market growth.

This rigid 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 Rigid Recycled Plastics Market Vendors?

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

• Centriforce Products Ltd.
• Custom Polymer Inc.
• Envision Plastics
• Imerys SA
• Kuusakoski Group Oy
• KW Plastics
• Placon Corp.
• PLASgran Ltd.
• SUEZ SA
• Veolia Environnement SA

This statistical study of the rigid recycled plastics market encompasses successful business strategies deployed by the key vendors. The rigid recycled plastics market is fragmented, and the vendors are deploying growth strategies such as innovation to compete in the market.

To make the most of the opportunities and recover from the 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 rigid 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 Rigid Recycled Plastics Market?

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43% of the market's growth will originate from North America during the forecast period. The US is the key market for rigid recycled plastics in North America. Market growth in this region will be faster than the growth of the market in South America, MEA, Europe, and APAC.

The increasing demand for plastic recycling in the US and Canada will facilitate the rigid recycled plastics market's growth in North America during 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 Type Segments in the Rigid Recycled Plastics Market?

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The rigid recycled plastics market share growth by the HDPE segment will be significant during the forecast period. The increase in demand for HDPE to produce bottles is expected to drive market growth. The rising demand for plastic pipes and cables in industries such as construction, electrical and electronics, and automotive globally will drive the demand for HDPE during the forecast period. This, in turn, will lead to high demand for rigid recycled plastics during the forecast period.

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

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

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive the rigid recycled plastics market's growth during the next five years
• Precise estimation of the rigid 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 rigid recycled plastics industry across North America, Europe, APAC, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of rigid recycled plastics market vendors

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