Global Plastic Recycling Market will grow at a CAGR 5.8% and reach USD 36 Billion by 2023

LEWES, Del. - Jan. 28, 2019 - PRLog -- Global Plastic Recycling market will register a 5.8% CAGR in terms of revenue, reach US$ 36000 million by 2023, from US$ 25600 million in 2017.

Recycled plastics are the plastics that made from post-consumer or post-industrial plastics instead of the virgin resin. The process of recycling used plastic from consumable products is an efficient means to reprocess the material into useful products. Many different products make great sources of recyclable material, including: soda bottles, plastic packaging, sheets and pellets. Recycled plastic is used to make many different types of products. The type of product that is made out of recycled plastic depends on the type of plastic resin. There are several different types of plastic resin used to make different products, such as PET, PP, HDPE and LDPE.

Recycled plastics can be used in various fields, like Packaging, Consumer Goods, Construction, Textile Fiber / Clothing, Landscaping / Street Furniture, etc. Textile fiber / clothing is the largest application of recycled plastics with market share of 30.81% in 2017, since nearly 80% of RPET is used to produce fiber.

Recycled plastics can be classified as PET, PP, HDPE, LDPE and others in terms of material type. HDPE and PET are the major kind of recycled plastics. The market of recycled plastic is highly separated, with China, USA and Europe as the major producing area.

The market of recycled plastic is highly fragmented with a tail of manufacturers. As the largest production area of recycled plastics, there are more than 3000 companies supply recycled plastics. The market concentration in developed areas is higher comparatively. Leading suppliers in the worldwide are Clear Path Recycling, Clean Tech Incorporated, Mohawk Industries Incorporated, CarbonLite Industries, Envision Plastics Industries, Advanced Environmental Recycling Technologies Incorporated, Greentech and Veolia Polymers, which takes a combined share of less than 5% in 2017.

Over the next five years, study projects that Plastic Recycling will register a 5.8% CAGR in terms of revenue, reach US$ 36000 million by 2023, from US$ 25600 million in 2017.

This report presents a comprehensive overview, market shares, and growth opportunities of Plastic Recycling market by product type, application, key manufacturers and key regions.

To calculate the market size, study considers value and volume generated from the sales of the following segments:

Segmentation by product type:

PET

PP

HDPE

LDPE

Others

Segmentation by application:

Packaging & Consumer Goods

Construction

Textile fiber / clothing

Landscaping/Street furniture

Other Uses

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Spain

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:

Clear Path Recycling

Clean Tech Incorporated

Mohawk Industries Incorporated

CarbonLite Industries

Envision Plastics Industries

Advanced Environmental Recycling Technologies Incorporated

Evergreen Plastics

PolyQuest

Phoenix Technologies

Verdeco Recycling

Custom Polymers

KW plastics

Extrupet

Greentech

Veolia Polymers

Hahn Plastics

PLASgran

APR2 Plast

Luxus

Viridor

Centriforce

Visy

Kyoei Industry

Wellpine Plastic Industical

Fuqing Topway Plastics Industrial

Intco

Suzhou Jiulong Recy & Tech

Longfu Recycling Energy Scientech

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

To study and analyze the global Plastic Recycling consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.

To understand the structure of Plastic Recycling market by identifying its various subsegments.

Focuses on the key global Plastic Recycling manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

To analyze the Plastic Recycling with respect to individual growth trends, future prospects, and their contribution to the total market.

To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).

To project the consumption of Plastic Recycling submarkets, with respect to key regions (along with their respective key countries).

To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.

To strategically profile the key players and comprehensively analyze their growth strategies.

Spanning over 180 pages "Forecast of Global Plastic Recycling Consumption Market 2023" report covers Scope of the Report, Executive Summary, Global Plastic Recycling by Players, Plastic Recycling by Regions, Market Drivers, Challenges and Trends, Marketing, Distributors and Customer, Global Plastic Recycling Market Forecast, Key Players Analysis, Research Findings and Conclusion.

Please visit this link for more details: https://www.marketresearchreports.com/mrrpb2/forecast-global-plastic-recycling-consumption-market-2023

Find all Recycling Reports at: https://www.marketresearchreports.com/recycling

For related reports please visit: https://www.marketresearchreports.com/search/site/Plastic%2520Recycling

Read our Interactive https://www.marketresearchreports.com/blog

About MarketResearchReports.com

MarketResearchReports.com is world's largest store offering quality market research, SWOT analysis, competitive intelligence and industry reports. We help Fortune 500 to Start-Ups with the latest market research reports on global & regional markets which comprise key industries, leading market players, new products and latest industry analysis & trends.

Contact us for your market research requirements: https://www.marketresearchreports.com/contact