Plastic Recycling Market to Surpass $ 110 Billion by 2025 | TechSci Research
by TechSci Research Market Research ReportsAccording to TechSci Research report, “Global Plastic Recycling Market By Type, By Source, By
Method, By End-User, By Company, By Region, Competition, Forecast &
Opportunities, 2025”, the global plastic recycling market is expected to
grow at a steady CAGR during the forecast period and surpass $ 110 billion by
2025. Growing environmental concerns and rising adoption of recycled products are
fueling demand for plastic recycling, globally. Polyethylene segment has the largest
share in the global plastic recycling market due to its major use in packaging
industry. Growth in packaging industry on
account of rising technological advancements in food and beverage industry is
expected to boost plastic recycling market in the coming years. Other sectors
which are the major end users of recycled plastics include construction,
automotive, textiles and electrical and electronics.
Browse 161 market data
Figures and Tables spread through 230 Pages and an in-depth TOC on "Global
Plastic Recycling Market"
https://www.techsciresearch.com/report/global-plastic-recycling-market/3563.html
Global plastic recycling
market is segmented on the basis of type, method, end use, source and region. On
the basis of end user segmentation, the market is categorized into Packaging,
Building & Construction, Textile, Automotive, Electrical & Electronics
and Others. Packaging segment is expected to dominate the market until 2025 owing
to the rising utility in food and beverage industry. Among all the regional
markets, Asia-Pacific dominated the global plastic recycling market until 2019.
Owing to major plastic industries in China and South East Asian countries, Asia-Pacific
is expected to continue its market dominance during the forecast period.
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Some of the leading players operating in the global
plastic recycling market include Veolia Environment SA, Suez SA, Republic
Services Inc., Waste Connection, B&J Par, KW Plastics, BASF SE, Borealis
AG, B. Schoenberg & Co., Clear Path Recycling LLC, Dupoint Teijin Films,
Custom Polymers Inc. and others. “Global plastic recycling market is expected
to grow at a steady rate in the coming five years. Rising utility of polyethylene
due to growing global packaging industry has and will continue to lead to
significant growth in the market over the next five years.,” said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Plastic Recycling Market By Type, By Source,
By Method, By End-User, By Company, By Region, Competition, Forecast &
Opportunities, 2025” has
evaluated the future growth potential of global plastic recycling market and
provided statistics & information on market size, shares, structure and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities in global plastic recycling
market.
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Created on Dec 8th 2020 12:51. Viewed 291 times.