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Materials and Chemicals

Plastic Recycling Market , by Recycling Process (Mechanical, Chemical), Material (Polyethylene Terephthalate (PET), High-Density Polyethylene (HDPE), Low-Density Polyethylene (LDPE), Polypropylene (PP), Others), Regional Analysis (North America, Europe, Asia-Pacific, LAMEA): Global Opportunity Analysis and Industry Forecast, 2019–2026

  • RES4072111
  • 120 Pages
  • April 2020
  • Materials and Chemicals
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The global plastic recycling market accounted for $32,640.0 million in 2018; it is anticipated to reach up to $54,019.1 million by the end of 2026 at a 6.5% CAGR, according to Research Dive.

Plastic is a synthetic or semisynthetic organic material, and it is versatile and made into useful solid products. Due to growing plastic contamination in the environment, it is mandatory to eliminate the plastic waste through recycling method because plastic is non-biodegradable. Plastic recycling is the method of gathering plastic trash and reprocessing it into usable products with minimal carbon releases. These recycled materials have several advantages like lower energy usage & raw material consumption, reducing water & air pollution and reducing traditional plastic waste dumping.

The global plastic recycling market is significantly driven by aspects such as increasing knowledge on conventional plastic material disposal and strict government guidelines on minimization of plastic usage because of harmful impact of plastic disposal on the environment. In addition, increasing government initiatives to promote the use of recycled plastic to reduce plastic waste in the environment is also further enhancing the market size. Moreover, increasing usage of recycled plastics in the various industrial applications such as packaging, components in electronics, body parts in automobiles and other application are increasing the demand for recycled plastics. The abovementioned aspects are anticipated to fuel the market growth.

 

The global plastic recycling market is majorly restrained by lack of awareness about recycled plastic products use and cost of the recycled plastic materials. Also, difficulty in collection of waste plastics for the production of recycled plastics is estimated to hinder the growth of the market size.

Continuously increasing advancements in recycled plastics to produce less environment-impacting products is a significant investment prospect for the market growth. Also, promising government initiatives to promote recycled plastic materials use is also further expected to enhance the market size in the upcoming years.

The global plastic recycling market is segmented into recycling process and material. Based on recycling process, the market is categorized into mechanical and chemical. In both of these, chemical process segment registered for highest plastic recycling market size; it registered for $16,809.6 million in 2018 and is expected to grow at a moderate rate throughout the estimated timeframe. Mechanical process segment produced second major market size and is projected to dominate the global market in terms of revenue in the estimated time.

By material, the plastic recycling market is classified into polyethylene terephthalate (PET), high-density polyethylene (HDPE), polypropylene (PP), low-density polyethylene (IDPE) and others. Among these, polyethylene terephthalate segment generated evident plastic recycling market share, which was 32.8% in 2018 and is estimated to be the most lucrative, growing at a CAGR of 6.8% throughout the forecast time. The high-density polyethylene market will experience a significant growth and is anticipated to produce a revenue of $8,751.1 million by the end of 2026.

The global plastic recycling market was investigated for several regions such as North America, Europe, Asia-Pacific and LAMEA. Among these, Asia-Pacific market accounted for evident market size in 2018 and is projected to generate a revenue of $19,446.9 million in 2026. Along with Asia-Pacific, the North America market accounted for second highest plastic recycling market size in 2018 and is expected to grow at a faster rate of 7.1% CAGR in the estimated time period.

 

Top gaining participants in the global plastic recycling market are REPLAS, Reprocessed Plastic, Inc., KW Plastic, Inc., Luxus Ltd, Envision Plastic Industries LLC, PLASgran Ltd, B.SCHOENBERG & CO., INC., CarbonLITE Industries, Wellman Advanced Materials, Advanced Environmental Recycling Technologies, Inc., Kuusakoski, Clear Path Recycling, wTe Corporation, and Custom Polymers, among others. These participants are focusing on the product developments, geographical expansions, joint ventures and collaborations to rise their market size in the global plastic recycling industry.

1.Research Methodology

1.1.Desk Research

1.2.Real time insights and validation

1.3.Forecast model

1.4.Assumptions and forecast parameters

1.4.1.Assumptions

1.4.2.Forecast parameters

1.5.Data sources

1.5.1.Primary

1.5.2.Secondary

2.Executive Summary

2.1.360° summary

2.2.Recycling process trends

2.3.Material trends

3.Market overview

3.1.Market segmentation & definitions

3.2.Key takeaways

3.2.1.Top investment pockets

3.2.2.Top winning strategies

3.3.Porter’s five forces analysis

3.3.1.Bargaining power of consumers

3.3.2.Bargaining power of suppliers

3.3.3.Threat of new entrants

3.3.4.Threat of substitutes

3.3.5.Competitive rivalry in the market

3.4.Market dynamics

3.4.1.Drivers

3.4.2.Restraints

3.4.3.Opportunities

3.5.Technology landscape

3.6.Regulatory landscape

3.7.Patent landscape

3.8.Market value chain analysis

3.9.Strategic overview

4.Plastic Recycling Market, by Recycling process

4.1.Mechanical

4.1.1.Market size and forecast, by region, 2018-2026

4.1.2.Comparative market share analysis, 2018 & 2026

4.2.Chemical

4.2.1.Market size and forecast, by region, 2018-2026

4.2.2.Comparative market share analysis, 2018 & 2026

5.Plastic Recycling Market, by Material

5.1.Polyethylene Terephthalate (PET)

5.1.1.Market size and forecast, by region, 2018-2026

5.1.2.Comparative market share analysis, 2018 & 2026

5.2.High-Density Polyethylene (HDPE)

5.2.1.Market size and forecast, by region, 2018-2026

5.2.2.Comparative market share analysis, 2018 & 2026

5.3.Low-Density Polyethylene (LDPE)

5.3.1.Market size and forecast, by region, 2018-2026

5.3.2.Comparative market share analysis, 2018 & 2026

5.4.Polypropylene (PP)

5.4.1.Market size and forecast, by region, 2018-2026

5.4.2.Comparative market share analysis, 2018 & 2026

5.5.Others

5.5.1.Market size and forecast, by region, 2018-2026

5.5.2.Comparative market share analysis, 2018 & 2026

6.Plastic Recycling Market, by Region

6.1.North America

6.1.1.Market size and forecast, by recycling process, 2018-2026

6.1.2.Market size and forecast, byMaterial, 2018-2026

6.1.3.Market size and forecast, by country, 2018-2026

6.1.4.Comparative market share analysis, 2018 & 2026

6.1.5.U.S.

6.1.5.1.Market size and forecast, by recycling process, 2018-2026

6.1.5.2.Market size and forecast, by Material, 2018-2026

6.1.5.3.Comparative market share analysis, 2018 & 2026

6.1.6.Canada

6.1.6.1.Market size and forecast, by recycling process, 2018-2026

6.1.6.2.Market size and forecast, by Material, 2018-2026

6.1.6.3.Comparative market share analysis, 2018 & 2026

6.1.7.Mexico

6.1.7.1.Market size and forecast, by recycling process, 2018-2026

6.1.7.2.Market size and forecast, by Material, 2018-2026

6.1.7.3.Comparative market share analysis, 2018 & 2026

6.2.Europe

6.2.1.Market size and forecast, by recycling process, 2018-2026

6.2.2.Market size and forecast, by Material, 2018-2026

6.2.3.Market size and forecast, by country, 2018-2026

6.2.4.Comparative market share analysis, 2018 & 2026

6.2.5.Germany

6.2.5.1.Market size and forecast, by recycling process, 2018-2026

6.2.5.2.Market size and forecast, by Material, 2018-2026

6.2.5.3.Comparative market share analysis, 2018 & 2026

6.2.6.UK

6.2.6.1.Market size and forecast, by recycling process, 2018-2026

6.2.6.2.Market size and forecast, by Material, 2018-2026

6.2.6.3.Comparative market share analysis, 2018 & 2026

6.2.7.France

6.2.7.1.Market size and forecast, by recycling process, 2018-2026

6.2.7.2.Market size and forecast, by Material, 2018-2026

6.2.7.3.Comparative market share analysis, 2018 & 2026

6.2.8.Spain

6.2.8.1.Market size and forecast, by recycling process, 2018-2026

6.2.8.2.Market size and forecast, by Material, 2018-2026

6.2.8.3.Comparative market share analysis, 2018 & 2026

6.2.9.Italy

6.2.9.1.Market size and forecast, by recycling process, 2018-2026

6.2.9.2.Market size and forecast, by Material, 2018-2026

6.2.9.3.Comparative market share analysis, 2018 & 2026

6.2.10.Rest of Europe

6.2.10.1.Market size and forecast, by recycling process, 2018-2026

6.2.10.2.Market size and forecast, by Material, 2018-2026

6.2.10.3.Comparative market share analysis, 2018 & 2026

6.3.Asia Pacific

6.3.1.Market size and forecast, by recycling process, 2018-2026

6.3.2.Market size and forecast, by Material, 2018-2026

6.3.3.Market size and forecast, by country, 2018-2026

6.3.4.Comparative market share analysis, 2018 & 2026

6.3.5.China

6.3.5.1.Market size and forecast, by recycling process, 2018-2026

6.3.5.2.Market size and forecast, by Material, 2018-2026

6.3.5.3.Comparative market share analysis, 2018 & 2026

6.3.6.India

6.3.6.1.Market size and forecast, by recycling process, 2018-2026

6.3.6.2.Market size and forecast, by Material, 2018-2026

6.3.6.3.Comparative market share analysis, 2018 & 2026

6.3.7.Japan

6.3.7.1.Market size and forecast, by recycling process, 2018-2026

6.3.7.2.Market size and forecast, by Material, 2018-2026

6.3.7.3.Comparative market share analysis, 2018 & 2026

6.3.8.Australia

6.3.8.1.Market size and forecast, by recycling process, 2018-2026

6.3.8.2.Market size and forecast, by Material, 2018-2026

6.3.8.3.Comparative market share analysis, 2018 & 2026

6.3.9.Rest of Asia Pacific

6.3.9.1.Market size and forecast, by recycling process, 2018-2026

6.3.9.2.Market size and forecast, by Material, 2018-2026

6.3.9.3.Comparative market share analysis, 2018 & 2026

6.4.LAMEA

6.4.1.Market size and forecast, by recycling process, 2018-2026

6.4.2.Market size and forecast, by Material, 2018-2026

6.4.3.Market size and forecast, by country, 2018-2026

6.4.4.Comparative market share analysis, 2018 & 2026

6.4.5.Latin America

6.4.5.1.Market size and forecast, by recycling process, 2018-2026

6.4.5.2.Market size and forecast, by Material, 2018-2026

6.4.5.3.Comparative market share analysis, 2018 & 2026

6.4.6.Middle East

6.4.6.1.Market size and forecast, by recycling process, 2018-2026

6.4.6.2.Market size and forecast, by Material, 2018-2026

6.4.6.3.Comparative market share analysis, 2018 & 2026

6.4.7.Africa

6.4.7.1.Market size and forecast, by recycling process, 2018-2026

6.4.7.2.Market size and forecast, by Material, 2018-2026

6.4.7.3.Comparative market share analysis, 2018 & 2026

7.Company profiles

7.1.REPLAS

7.1.1.Business overview

7.1.2.Financial performance

7.1.3.Product portfolio

7.1.4.Recent strategic moves & developments

7.1.5.SWOT analysis

7.2.Clear Path Recycling

7.2.1.Business overview

7.2.2.Financial performance

7.2.3.Product portfolio

7.2.4.Recent strategic moves & developments

7.2.5.SWOT analysis

7.3.Reprocessed Plastic, Inc.

7.3.1.Business overview

7.3.2.Financial performance

7.3.3.Product portfolio

7.3.4.Recent strategic moves & developments

7.3.5.SWOT analysis

7.4.PLASgran Ltd

7.4.1.Business overview

7.4.2.Financial performance

7.4.3.Product portfolio

7.4.4.Recent strategic moves & developments

7.4.5.SWOT analysis

7.5.CarbonLITE Industries

7.5.1.Business overview

7.5.2.Financial performance

7.5.3.Product portfolio

7.5.4.Recent strategic moves & developments

7.5.5.SWOT analysis

7.6.Luxus Ltd

7.6.1.Business overview

7.6.2.Financial performance

7.6.3.Product portfolio

7.6.4.Recent strategic moves & developments

7.6.5.SWOT analysis

7.7.KW Plastic , Inc.

7.7.1.Business overview

7.7.2.Financial performance

7.7.3.Product portfolio

7.7.4.Recent strategic moves & developments

7.7.5.SWOT analysis

7.8.Envision Plastic Industries LLC

7.8.1.Business overview

7.8.2.Financial performance

7.8.3.Product portfolio

7.8.4.Recent strategic moves & developments

7.8.5.SWOT analysis

7.9.B.SCHOENBERG & CO., INC.

7.9.1.Business overview

7.9.2.Financial performance

7.9.3.Product portfolio

7.9.4.Recent strategic moves & developments

7.9.5.SWOT analysis

7.10.Advanced Environmental Recycling Technologies, Inc.

7.10.1.Business overview

7.10.2.Financial performance

7.10.3.Product portfolio

7.10.4.Recent strategic moves & developments

7.10.5.SWOT analysis

7.11.Wellman Advanced Materials

7.11.1.Business overview

7.11.2.Financial performance

7.11.3.Product portfolio

7.11.4.Recent strategic moves & developments

7.11.5.SWOT analysis

7.12.Custom Polymers

7.12.1.Business overview

7.12.2.Financial performance

7.12.3.Product portfolio

7.12.4.Recent strategic moves & developments

7.12.5.SWOT analysis

7.13.wTe Corporation

7.13.1.Business overview

7.13.2.Financial performance

7.13.3.Product portfolio

7.13.4.Recent strategic moves & developments

7.13.5.SWOT analysis

7.14.Kuusakoski

7.14.1.Business overview

7.14.2.Financial performance

7.14.3.Product portfolio

7.14.4.Recent strategic moves & developments

7.14.5.SWOT analysis

 
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