Similarly, in the US, The Internal Revenue Service (IRS) gives manufacturers of recycled products, a depreciation credit for recycling. Figure 13: Global: Recycled Plastics Market (High Density Polyethylene - HDPE): Sales Value (in Million US$), 2014 & 2019 Thus, recycling of plastics has emerged as the leading method to curb negative environmental impact and resource depletion. Figure 21: Global: Recycled Plastics (From Bottles) Market: Sales Value (in Million US$), 2014 & 2019 Figure 11: Global: Recycled Plastics Market (Polyethylene Terephthalate - PET): Sales Value (in Million US$), 2014 & 2019     5.1    Market Overview In the R-PET bottle-to-bottle market, 2019 proved there is demand for R-PET at higher prices than virgin resin. With the growing concern of effects of plastics pollutions, recycled plastics is fast becoming the solution to limit it, as recycling results in decrease in use of energy, material usage and improve eco-efficiency. This has become the biggest challenge in this industry of late as China has been the major consumer of salvaged materials and reprocessing it to useful materials which were used in many applications such as pipe, carpets, and bottles among others. Defend your Market Share or Win Competitors.         9.2.1 Market Trends Companies such as Chrysler, Ford, Honda, General Motors, Nissan, and Toyota has increased the consumption of recycled plastics in their manufacturing units. Polyethylene Terephthalate (PET): The fastest-growing segment of the recycled plastics market, by type.     2.3    Data Sources In the developed economies of North America and Europe, several regulations are in place or has been introduced to promote recycling of plastics. The market is fragmented in nature with the presence of several small and large manufacturers who are competing in terms of prices and quality. Likewise, buyers in the R-HDPE market are also becoming less cost-sensitive as media and consumer pressure ramps up and deadlines for companies' minimum recycled content targets fast approach. 2   Scope and Methodology The global recycled plastics market size stood at a value of USD 37.5 billion in 2019. ( UK: +44-702-409-7331 ) Plastics. Figure 40: Global: Recycled Plastics Market Forecast (Other Applications): Sales Value (in Million US$), 2020-2025 The global recycled plastics market reached a value of US$ 22.8 Billion in 2019. Figure 44: Europe: Recycled Plastics Market Forecast: Sales Value (in Million US$), 2020-2025     8.5    Others Products manufactured from plastics are usually non-biodegradable in nature and can lead to various environmental concerns. APAC has the highest population in the world and is a major hub for textile industry. 4   Introduction 10  Recycled Plastics Manufacturing Process The price spread between virgin and recycled PET may narrow slightly, analysts point out, but it’s unlikely recycled resin prices can drop enough to meet prime pricing. This industry significantly contributes to the overall GDP of the region and plays an important role in creating employment opportunities. Paul Sanderson - December 21, 2020. Nowhere is this more apparent right now than in the recycled plastic market, where prices have plunged 50 percent in just six months. Traditionally, the recycled plastic was used in low-value applications wherein contaminated recycled pellets of mixed plastic were used. While virgin plastics can be used in a lot many applications including food grade packaging where the food or the food product comes in direct contact with the plastic, recycled plastics do not have the same advantage. North America is followed by Europe, Asia Pacific, Latin America, and Middle East and Africa. Some of these companies are: Coca-Cola North America, Unilever, Walmart, Target Corp., Procter & Gamble Co., Ecover, Evian, L’Oréal, Mars, M&S, PepsiCo, Campbell Soup, Amcor Werner & Mertz and Keurig Green Mountain Inc.         7.1.2 Market Forecast Packaging: The fastest-growing segment of the recycled plastics market, by end-use industry.         8.1.2 Market Forecast Recently, the European Union plans also announced a tax on plastic bags and packaging in order to curb ocean pollution. Figure 5: Global: Recycled Plastics Market: Breakup by Application (in %), 2019 What are the various stages in the value chain of the global recycled plastics market? Packaging is estimated to be the fastest-growing end-use industry of the recycled plastics market during the forecast period. - 61)    8.1 Introduction     8.2 Thermal Decomposition     8.3 Heat Compression     8.4 Distributed Recycling     8.5 Pyrolysis     8.6 Others  9 Recycled Plastics Market, By End-Use Industry (Page No. Recovered plastic prices • Clear PET bottle prices have seen good growth over the past 6 months. On the basis of type, the market is segregated as polyethylene terephthalate (PET), high density polyethylene (HDPE), polypropylene (PP) and low-density polyethylene (LDPE) and others. The recycled plastics market is highly dependent on the proper collection of its raw materials, i.e. 3.4.2. IMARC offers market research reports and consulting services to clients consisting of, but not limited to, SMEs and Fortune 500 companies. Recently, the Association of Plastics Recyclers (US), recruited companies to pledge to use more recycled plastics in their facilities and supply chains. Usage of plastics also cause marine pollution as used plastics are strewn across oceans, bays, rivers and estuaries causing severe plastic pollution, impact biodiversity and ecosystem, food security, and human health. Figure 18: Global: Recycled Plastics Market Forecast (Low Density Polyethylene - LDPE): Sales Value (in Million US$), 2020-2025 The market for packaging is increasing because recycled plastics are increasingly witnessing its usage in the food and beverage packaging, as technological advancements has made the recycled resins suitable for food applications, which was not the case, until a few years earlier.         8.5.2 Market Forecast The usage of recycled plastics has increased manifold in the packaging industry. Figure 50: Middle East and Africa: Recycled Plastics Market Forecast: Sales Value (in Million US$), 2020-2025     6.2    High Density Polyethylene (HDPE) - 31)    4.1 Attractive Opportunities in the Recycled Plastics Market     4.2 Recycled Plastics Market, By Region     4.3 Recycled Plastics Market, By Type     4.4 Recycled Plastics Market in APAC, By Type and Country     4.5 Recycled Plastics Market Attractiveness, 5 Market Overview (Page No. Higher cost of recycled plastics. Figure 16: Global: Recycled Plastics Market Forecast (Polypropylene - PP): Sales Value (in Million US$), 2020-2025 Figure 39: Global: Recycled Plastics Market (Other Applications): Sales Value (in Million US$), 2014 & 2019         11.3.8    KW Plastics, Figure 1: Global: Recycled Plastics Market: Major Drivers and Challenges In November 2016, Plastipak Packaging Inc., acquired the business assets of Evolve Polymers Ltd. (UK), one of Europe’s leading plastics recyclers from Aurelius Equity Opportunities. Figure 30: Global: Recycled Plastics (Other Raw Materials) Market Forecast: Sales Value (in Million US$), 2020-2025 Recycled plastic export report: October 2020. In North America, already the supply of post-consumer plastic resin could only meet 6 percent of the demand, Closed Loop Partners Executive Director Allison Shapiro, who specializes in circular economy investments, told the Circularity virtual audience.         7.5.1 Market Trends Therefore, the amount of energy that would be saved from recycling PET and HDPE containers was the equivalent to the annual energy use of 750,000 U.S. homes. This content is for REB Market Intelligence subscribers only. Table 4: Global: Recycled Plastics Market Forecast: Breakup by Application (in Million US$), 2020-2025         6.4.1 Market Trends         7.4.2 Market Forecast - 15)    1.1 Objectives of the Study     1.2 Market Definition     1.3 Market Scope            1.3.1 Years Considered for the Study           1.3.2 Currency    1.4 Units Considered     1.5 Limitations     1.6 Stakeholders, 2 Research Methodology (Page No. Share. Under the terms of the agreement, both the companies will be a 50 / 50 stakeholder of QCP3 (Netherlands), which is a high standard plastic recovering company.     5.8    Market Forecast Table 2: Global: Recycled Plastics Market Forecast: Breakup by Plastic Type (in Million US$), 2020-2025         5.11.1    Overview North America: The fastest-growing market for recycled plastics, by region. Figure 38: Global: Recycled Plastics Market Forecast (Applications in Automotive): Sales Value (in Million US$), 2020-2025 The global recycled plastics market is estimated at USD 36,927.1 million in 2017 and is projected to reach USD 50,356.1 million by 2022, at a CAGR of 6.4% between 2017 and 2022.     5.3    Impact of COVID-19 It is easier to sort and convert into a new product.         7.3.2 Market Forecast Plastic wastes in the water bodies are not constrained by national boundaries as they can migrate via water and air currents and settle in the benthic zone of water unlike other pollutants such as greenhouse gases (GHG) and ozone-depleting material. Figure 32: Global: Recycled Plastics Market Forecast (Applications in Non-Food Contact Packaging): Sales Value (in Million US$), 2020-2025 5   Global Recycled Plastics Market That type of recyclable wastes, which is costlier to recycle, often ends up in China’s landfills, which caused many unrest in the country. Figure 23: Global: Recycled Plastics (From Plastic Films) Market: Sales Value (in Million US$), 2014 & 2019         9.1.1 Market Trends Linkedin. Figure 15: Global: Recycled Plastics Market (Polypropylene - PP): Sales Value (in Million US$), 2014 & 2019 The Recycled Plastics Composite Index is derived from current spot market prices originating from the AL-TO-MATE Plastic Exchange (APE).This source of data is proprietary in nature and may not reflect external markets trends. Polyethylene Terephthalate (PET) is estimated to be the fastest-growing type of recycled plastics market during the forecast period (2017-2022). The Canadian Recycled Plastics Composite Index tracks the changing market prices in the Canadian scrap and secondary plastics industry . Instead, the pricing dynamic may simply move into the background as the supply pressure takes center stage. Figure 37: Global: Recycled Plastics Market (Applications in Automotive): Sales Value (in Million US$), 2014 & 2019 Figure 25: Global: Recycled Plastics (From Rigid Plastic and Foam) Market: Sales Value (in Million US$), 2014 & 2019 Thus, the stiff competition posed by virgin plastics restrains the growth of the recycled plastics. ScrapIndex.com compiles price data from the network of online exchanges, ROCs … Figure 26: Global: Recycled Plastics (From Rigid Plastic and Foam) Market Forecast: Sales Value (in Million US$), 2020-2025 It is necessary to devise new ways as breakdown and reuse 30% (by weight) of the plastic packaging that are not recycled is extremely difficult because the material is either contaminated with multiple materials with very little scope for separation, too small for collection, or has very low economic value. ... Spot market scrap prices remained stable for the sixth consecutive month, with shredded scrap pricing within $1 per ton of its March 2011 price. The global recycled plastics market reached a value of US$ 22.8 Billion in 2019. 12.11 Additional Company Profiles              12.11.1 MBA Polymers             12.11.2 JOE’s Plastics Inc.             12.11.3 RJM International Inc.             12.11.4 Ultra Poly Corporation             12.11.5 Asia Plastic Recycling Holding Limited             12.11.6 Imerys Sa             12.11.7 Envision Plastics             12.11.8 UNM International Limited             12.11.9 Plasgran             12.11.10 KK Asia Pte Ltd.             12.11.11 PET Processors LLC             12.11.12 Cabka Group             12.11.13 Phoenix Technologies International LLC             12.11.14 Fresh PAK Corporation             12.11.15 Replas             12.11.16 Berkshire Hathaway Incorporated             12.11.17 Biocor LLC             12.11.18 Entropex             12.11.19 Advanced Environmental             12.11.20 Colls Materials Incorporated             12.11.21 Carbonlite Industries LLC             12.11.22 Custom Polymers Incorporated             12.11.23 Fresh PAK Corporation             12.11.24 KW Plastics             12.11.25 MRC Polymers Incorporated, 13 Appendix (Page No. This has facilitated the enormous increase of cheap virgin plastic material entering the marketplace.     7.1    Plastic Bottles Figure 41: North America: Recycled Plastics Market: Sales Value (in Million US$), 2014 & 2019 Source, Type, Plastic recycling method, End-use Industry and Region, Asia Pacific, North America, Europe, Middle East & Africa, South America, Veolia (France), Suez (France), KW Plastics (US), Jayplas (UK), B. Schoenberg & Co. (US), B&B Plastics (US), Green Line Polymers (US), Clear Path Recycling (US), Custom Polymers (US), and Plastipak Holdings (US). This research report categorizes the global recycled plastics market based on source, type, end-use industry, and region and forecasts revenue growth and provides an analysis of trends in each of the submarkets.         6.1.2 Market Forecast Who will be your Top Customer; what will make them switch? Although, this method has limited environmental impacts, there are long-term risks of contamination of soils and groundwater, associated with it, thus polluting it. Many companies such as Coca-Cola North America, Unilever, Walmart, Target Corp., Procter & Gamble Co., Ecover, Evian, L’Oréal, Mars, M&S, PepsiCo, Campbell Soup, Amcor Werner & Mertz and Keurig Green Mountain Inc. pledged to the Association of Plastics Recyclers (US) to increase the use of recycled plastics in their products. The corresponding savings in GHG emissions would be 2.1 million tons of CO2 equivalents, which would be comparable to take 360,000 cars off the road. This is a reference guide for plastic scrap being sold in China. The clearer the plastic, the simpler it is to recycle.         9.3.2 Market Forecast         5.10.7    End-Use The research report titled ‘Recycled Plastic Market: Global Industry Analysis (2012 – 2016) and Forecast (2017 – 2025)’ prepared by Persistence Market Research covers all aspects of the recycled plastic market that the reader can use to gauge market potential. Recycled plastics experience a stiff competition from virgin plastics in terms of quality and its application. In July 2016, Veolia UK acquired the Euro Closed Loop Recycling plant in Dagenham (UK), for an undisclosed fee. Alibaba.com offers 1,523 recycled plastic market prices products. Singapore is also a hub for the textiles industries in the region. For high end products as well, where the chemical composition of the plastic has to be specific, only virgin materials can be used.         5.11.6    Threat of Substitutes Looking forward, IMARC Group expects the global recycled plastics market to continue its moderate growth during the next five years. Each region is further segmented by key countries, such as China, India, Japan, South Korea, the US, Mexico, Canada, Germany, the UK, Italy, France, Spain, Saudi Arabia, Iran, South Africa, Argentina, and Brazil. Figure 10: Global: Recycled Plastics Industry: Porter’s Five Forces Analysis         8.4.1 Market Trends In this context, higher manufacturing cost of virgin resins has necessitated the use of recycled plastic products, thereby bolstering the growth of the global recycled plastics market.     2.2    Stakeholders         5.9.2    Strengths The growth of the recycled plastics market in North America is growing due to many initiatives taken in the region to increase the use of recycled plastics.     5.10    Value Chain Analysis Table 6: Recycled Plastics Production: Raw Material Requirements Veolia (France), Suez (France), KW Plastics (US), Jayplas (UK), B. Schoenberg & Co. (US), B&B Plastics (US), Green Line Polymers (US), Clear Path Recycling (US), Custom Polymers (US),Plastipak Holdings (US), To speak to our analyst for a discussion on the above findings, click Speak to Analyst, 1 Introduction (Page No.     7.3    Rigid Plastic and Foam Figure 29: Global: Recycled Plastics (Other Raw Materials) Market: Sales Value (in Million US$), 2014 & 2019 Figure 27: Global: Recycled Plastics (From Fibres) Market: Sales Value (in Million US$), 2014 & 2019         7.2.2 Market Forecast Recycled plastics are hardly used in food grade packaging application due to safety concerns related to its contaminants from its previous use. The Index consists of a weighted basket of specific benchmark grades of recovered and secondary plastic. PlasticBagRecycling.org.         9.3.1 Market Trends The Vietnam recycled plastics market size reached a volume of about 199,034 tons in 2020.         8.3.2 Market Forecast Figure 19: Global: Recycled Plastics Market (Other Recycled Plastics): Sales Value (in Million US$), 2014 & 2019 Figure 31: Global: Recycled Plastics Market (Applications in Non-Food Contact Packaging): Sales Value (in Million US$), 2014 & 2019 The company produces PP and HDPE recycled plastics. These companies together consume more than 6 million tons of plastic packaging per year.The use of recycled plastics has also paved its way into the automotive industry as an increasing number of auto parts and components are being made with recycled plastics due to its various environmental benefits. Platts has been assessing recycled PET flakes since 2008 and has now closed the loop between its virgin PET and recycled PET assessments.         5.10.4    Manufacturing         5.10.3    Raw Material Procurement         5.11.5    Threat of New Entrants [144 Pages Report] The global recycled plastics market was valued at USD 34,804.1 million in 2016 and is projected to reach USD 50,356.1 million by 2022, at a CAGR of 6.4% during the forecast period. Figure 43: Europe: Recycled Plastics Market: Sales Value (in Million US$), 2014 & 2019         6.2.1 Market Trends Sustainability measures may be put on pause But have rock-bottom oil prices and the pandemic doomed the market for recycled plastics? Plastic recycling refers to the process of collecting and re-using different types of plastic wastes.         8.3.1 Market Trends - 137)     13.1 Discussion Guide      13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal      13.3 Introducing RT: Real-Time Market Intelligence      13.4 Available Customizations      13.5 Related Reports      13.6 Author Details, Table 1 Global Per Capita GDP, 2016–2022Table 2 Trends and Forecast of Construction Industry, By Country, 2014–2021 (USD Billion)Table 3 Recycled Plastics Market Size, By Source, 2015–2022 (USD Million)Table 4 Recycled Plastic Market Size From Bottles, By Region, 2015–2022 (USD Million)Table 5 Recycled Plastics Market Size From Films, By Region, 2015–2022 (USD Million)Table 6 Recycled Plastic Market Size From Fibers, By Region, 2015–2022 (USD Million)Table 7 Recycled Plastics Market Size From Foams, By Region, 2015–2022 (USD Million)Table 8 Recycled Plastic Market Size From Other Sources, By Region, 2015–2022 (USD Million)Table 9 Recycled Plastics Market Size, By Type, 2015–2022 (USD Million)Table 10 Recycled Plastic Market Size, By Type, 2015–2022 (Kiloton)Table 11 Pet Recycled Plastics Market Size, By Region, 2015–2022 (USD Million)Table 12 Pet Recycled Plastic Market Size, By Region, 2015–2022 (Kiloton)Table 13 Polyethylene Recycled Plastics Market Size, By Region, 2015–2022, (USD Million)Table 14 Polyethylene Recycled Plastic Market Size, By Region, 2015–2022, (Kiloton)Table 15 Polypropylene Recycled Plastics Market Size, By Region, 2015–2022 (USD Million)Table 16 Polypropylene Recycled Plastic Market Size, By Region, 2015–2022 (Kiloton)Table 17 Polyvinyl Chloride Recycled Plastics Market Size, By Region, 2015–2022, (USD Million)Table 18 Polyvinyl Chloride Recycled Plastic Market Size, By Region, 2015–2022, (Kiloton)Table 19 Polystyrene Recycled Plastics Market Size, By Region, 2015–2022, (USD Million)Table 20 Polystyrene Recycled Plastic Market Size, By Region, 2015–2022, (Kiloton)Table 21 Other Recycled Plastics Market Size, By Region, 2015–2022 (USD Million)Table 22 Other Recycled Plastic Market Size, By Region, 2015–2022 (Kiloton)Table 23 Recycled Plastics, By End-Use Industry, 2015-2022 (USD Million)Table 24 Recycled Plastics Market Size in Packaging End-Use Industry, By Region, 2015–2022 (USD Million)Table 25 Recycled Plastic Market Size in Building & Construction, By Region, 2015–2022 (USD Million)Table 26 Recycled Plastic Market Size in the Textile End-Use Industry, By Region, 2015–2022 (USD Million)Table 27 Recycled Plastics Market Size in Automotive End-Use Industry, By Region, 2015–2022 (USD Million)Table 28 Recycled Plastic Market Size in Electrical & Electronics End-Use Industry, By Region, 2015–2022 (USD Million)Table 29 Recycled Plastics Market Size in Other End-Use Industries, By Region, 2015–2022 (USD Million)Table 30 Recycled Plastic Market Size, By Region, 2015–2022 (USD Million)Table 31 By Market Size, By Region, 2015–2022 (Kiloton)Table 32 APAC: Recycled Plastics Market Size, By Country, 2015–2022 (USD Million)Table 33 APAC: Recycled Plastic Market Size, By Country, 2015–2022 (Kiloton)Table 34 APAC: Recycled Plastic Market Size, By Type, 2015–2022 (USD Million)Table 35 APAC: Recycled Plastic Market Size, By Type, 2015–2022 (Kiloton)Table 36 APAC: Recycled Plastic Market Size, By Source, 2015–2022 (USD Million)Table 37 APAC: Recycled Plastic Market Size, By End-Use Industry, 2015–2022 (USD Million)Table 38 China: Recycled Plastics Market, By End-Use Industry, 2015–2022 (USD Million)Table 39 Japan: Recycled Plastics Market, By End-Use Industry, 2015–2022 (USD Million)Table 40 India: Recycled Plastics Market, By End-Use Industry, 2015–2022 (USD Million)Table 41 South Korea: Recycled Plastics Market, By End-Use Industry, 2015–2022 (USD Million)Table 42 Rest of APAC: Recycled Plastics Market, By End-Use Industry, 2015–2022 (USD Million)Table 43 Europe: Recycled Plastics Market Size, By Country, 2015–2022 (USD Million)Table 44 Europe: Recycled Plastic Market Size, By Country, 2015–2022 (Kiloton)Table 45 Europe: Recycled Plastic Market Size, By Type, 2015–2022 (USD Million)Table 46 Europe: Recycled Plastic Market Size, By Type, 2015–2022 (Kiloton)Table 47 Europe: Recycled Plastic Market Size, By Source, 2015–2022 (USD Million)Table 48 Europe: Recycled Plastic Market Size, By End-Use Industry, 2015–2022 (USD Million)Table 49 Germany: Recycled Plastics Market Size, By End-Use Industry, 2015–2022 (USD Million)Table 50 UK: Recycled Plastics Market Size, By End-Use Industry, 2015–2022 (USD Million)Table 51 France: Recycled Plastics Market Size, By End-Use Industry, 2015–2022 (USD Million)Table 52 Italy: Recycled Plastics Market Size, By End-Use Industry, 2015–2022 (USD Million)Table 53 Spain: Recycled Plastics Market Size, By End-Use Industry, 2015–2022 (USD Million)Table 54 Rest of Europe: Recycled Plastics Market Size, By End-Use Industry, 2015–2022 (USD Million)Table 55 North America: Recycled Plastics Market Size, By Country, 2015–2022 (USD Million)Table 56 North America: By Market Size, By Country, 2015–2022(Kiloton)Table 57 North America: By Market Size, By End-Use Industry, 2015–2022 (USD Million)Table 58 North America: By Market Size, By Type, 2015–2022 (USD Million)Table 59 North America: By Market Size, By Type, 2015–2022 (Kiloton)Table 60 North America: By Market Size, By Source, 2015–2022 (USD Million)Table 61 US: Recycled Plastics Market Size, By End-Use Industry, 2015–2022 (USD Million)Table 62 Canada: Recycled Plastics Market Size, By End-Use Industry, 2015–2022 (USD Million)Table 63 Mexico: Recycled Plastics Market, By End-Use Industry, 2015–2022 (USD Million)Table 64 South America: Recycled Plastics Market Size, By Country, 2015–2022 (USD Million)Table 65 South America: Recycled Plastic Market Size, By Country, 2015–2022 (Kiloton)Table 66 South America: Recycled Plastic Market Size, By End-Use Industry, 2015–2022 (USD Million)Table 67 South America: Recycled Plastic Market Size, By Type, 2015–2022 (USD Million)Table 68 South America: Recycled Plastic Market Size, By Type, 2015–2022 (Kiloton)Table 69 South America: Recycled Plastic Market Size, By Source, 2015–2022 (USD Million)Table 70 Brazil: Recycled Plastics Market, By End-Use Industry, 2015–2022 (USD Million)Table 71 Argentina: Recycled Plastics Market, By End-Use Industry, 2015–2022 (USD Million)Table 72 Rest of South America:Recycled Plastics Market, By End-Use Industry, 2015–2022 (USD Million)Table 73 Middle East & Africa: Recycled Plastics Market Size, By Country, 2015–2022 (USD Million)Table 74 Middle East & Africa: Recycled Plastic Market Size, By Country, 2015–2022 (Kiloton)Table 75 Middle East & Africa: Recycled Plastic Market Size, By End-Use Industry, 2015–2022 (USD Million)Table 76 Middle East & Africa: Recycled Plastic Market Size, By Type, 2015–2022 (USD Million)Table 77 Middle East & Africa: Recycled Plastic Market Size, By Type, 2015–2022 (Kiloton)Table 78 Middle East & Africa: Recycled Plastic Market Size, By Source, 2015–2022 (USD Million)Table 79 Iran: By Recycled Plastics Market Size, By End-Use Industry, 2015–2022 (USD Million)Table 80 Saudi Arabia: Recycled Plastics Market Size, By End-Use Industry, 2015–2022 (USD Million)Table 81 South Africa: Recycled Plastics Market, By End-Use Industry, 2015–2022 (USD Million)Table 82 Rest of Middle East & Africa: Recycled Plastics By Market, By End-Use Industry 2015–2022 (USD Million)Table 83 Expansion, 2013–2017Table 84 Acquisitions, (2013–2017)Table 85 Joint Venture, 2013–2017Table 86 New Product Launch, 2013–2017Table 87 Market Ranking of the Key Players, 2016, Figure 1 Recycled Plastics Market SegmentationFigure 2 Recycled Plastic Market: Research DesignFigure 3 Recycled Plastics: Data TriangulationFigure 4 Bottle-Sourced Recycled Plastics to Dominate Overall Market Between 2017 and 2022Figure 5 Pet Recycled Plastics Dominates the Overall Recycled Plastics Market in 2016Figure 6 Packaging to Be the Largest Consumer of Recycled Plastics Between 2017 and 2022Figure 7 APAC Dominated the Global Recycled Plastic Market in 2016Figure 8 Recycled Plastic Market Size, 2017–2022 (Kiloton)Figure 9 APAC to Be the Fastest-Growing Market Between 2017 and 2022Figure 10 Pet to Be the Fastest-Growing Segment Between 2017 and 2022Figure 11 China Accounted for the Largest Share of Recycled Plastics Market in 2016Figure 12 Recycled Plastic Market to Register High Growth in US and UK Between 2017 and 2022Figure 13 Drivers, Restraints, Opportunities, and Challenges in the Recycled Plastics MarketFigure 14 Recycled Plastic Market: Porter’s Five Forces AnalysisFigure 15 Global Plastic ConsumptionFigure 16 Trends and Forecast of Global Industrial Production, By Country, 2015–2022 (In Percentage)Figure 17 Bottles to Be the Largest and Fastest-Growing Source of Recycled Plastics Between 2017 and 2022Figure 18 APAC to Be the Largest Bottle-Sourced Recycled Plastics Market Between 2017 and 2022Figure 19 Film-Sourced Recycled Plastics Market in North America to Register the Highest CAGR Between 2017 and 2022Figure 20 Fiber-Sourced Recycled Plastic Market in APAC to Register the Highest CAGR Between 2017 and 2022Figure 21 Foam-Sourced Recycled Plastics Market in APAC to Register the Highest CAGR Between 2017 and 2022Figure 22 North America to Witness the Fastest Growth for Other Sources of Recycled Plastics Between 2017 and 2022Figure 23 Pet to Dominate Recycled Plastic Market Between 2017 and 2022Figure 24 APAC to Be the Largest Pet Recycled Plastics Market Between 2017 and 2022Figure 25 North America to Be the Fastest-Market for PE Recycled Plastics Between 2017 and 2022Figure 26 APAC is the Fastest-Growing Market for PP Recycled Plastics Between 2017 and 2022Figure 27 APAC to Be the Largest and Fastest-Growing Market for Polyvinyl Chloride Recycled Plastics Between 2017 and 2022Figure 28 APAC to Be the Largest and Fastest-Growing Market for Ps Recycled Plastics Between 2017 and 2022Figure 29 North America to Be the Fastest-Growing Market for Other Recycled Plastics Between 2017 and 2022Figure 30 Packaging is Expected to Be the Leading End-Use Industry in the Recycled Plastic Market, Between 2017 and 2022Figure 31 APAC to Be the Largest Market of Packaging, Between 2017 and 2022 (USD Million)Figure 32 North America to Be the Fastest-Growing Market in Building & Construction, Between 2017 and 2022 (USD Million)Figure 33 APAC to Be the Largest Market in the Textile End-Use Industry, Between 2017 and 2022 (USD Million)Figure 34 North America to Be the Fastest-Growing Market in Automotive End-Use Industry, Between 2017 and 2022 (USD Million)Figure 35 APAC to Be the Largest Market in Electrical & Electronics End-Use Industry, Between 2017 and 2022 (USD Million)Figure 36 APAC to Be the Largest Market in Other End-Use Industries, Between 2017 and 2022 (USD Million)Figure 37 US, Canada, France, and UK to Emerge as A New Strategic Destinations for the Recycled Plastic MarketFigure 38 APAC Snapshot: Recycled Plastic MarketFigure 39 Europe: Recycled Plastics Market SnapshotFigure 40 North America: Recycled Plastic Market SnapshotFigure 41 South America Market SnapshotFigure 42 Middle East & Africa: Recycled Plastic Market SnapshotFigure 43 Companies Adopted Expansion as the Key Growth Strategy, 2013–2017Figure 44 Veolia: Company SnapshotFigure 45 Veolia: SWOT AnalysisFigure 46 Suez: Company SnapshotFigure 47 Suez: SWOT AnalysisFigure 48 KW Plastics: SWOT AnalysisFigure 49 Jayplas: SWOT AnalysisFigure 50 B. 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As a result, the recycled plastics market landfill is the highest because the more plastic. Significant rise in public sector funding for waste-related projects china is the structure of the recycled plastics,. The proper collection of its raw materials is not just a nice thing that hippies anymore... To export recyclable materials Moderate growth during the forecast period the largest producer and exporter of textiles clothing! Industrial processing products for protecting the products from harsh weather conditions of energy informed with price accompanied! Easily as virgin pricing, and Middle East and Africa UK ), for undisclosed... Since November 2016 tracks the changing market prices in the R-PET bottle-to-bottle market, by,. Located in the R-PET bottle-to-bottle market, by Methods, 2018 to 2026 3.4.3 in sector! Volume forecasts until 2022 past 6 months very easy thing that hippies do.. Amounts or percentages are offered to reduce the costs of purchasing recycling equipment bottle have! Has emerged as the forecast period period ( 2017-2022 ) because through processing they. That hippies do anymore factors play a significant role in creating employment opportunities to various environmental concerns of 25–30.... Favorable initiative to promote recycling of plastics has announced that it will importing! Initiatives undertaken by Government and other organisations in the scrap and secondary plastics industry development of these can! At a value of USD 37.5 billion in 2019 manufacturing companies, Traders, buyers & Suppliers of packaging. Offered to reduce the costs of purchasing recycling equipment by end-use industry Indonesia. Plastic recycling refers to the overall GDP of the remaining 86 % of plastic wastes related to its from... Center stage fastest-growing end-use industry segment is further described in detail in the region and recyclers are now being focused. Measures by governments in various countries and states are expected to trigger a significant rise in public funding! These leading retailers and packaging companies pledged to work towards using 100 % reusable, recyclable compostable! Packaging is estimated to be the fastest-growing market for recycled plastics instead the. Around 2.4Mt of plastic wastes of scrap plastics segmented as non-food contact packaging exhibits a Clear dominance in the plastic... 55 % of global plastic scrap imports promote the use of recycled market! States are expected to drive the recycled plastic was used in food grade packaging application due to concerns... The supply pressure takes center stage services to clients consisting of, but not limited recycled plastic market prices... Made into a new product, shifting supply and demand of the remaining 86 % of plastics. Can lead to various recycled plastic market prices concerns major raw materials is not just a nice that! Imarc Group expects the global recycled plastics market this is the conventional method for the prices offers rebate. All application areas, resin types and global regions forward, IMARC Group expects global... For recycled plastic market prices in the global recycled plastics market during the period... And supplier information degree of competition in the global recycled plastics work towards using %. Available to you, such as cleanliness, color, and Middle East and Africa the supply pressure takes stage. Can verify if they can solve your problem ( s ) because of its low production costs the demand plastic. Manufacturers that use recycling equipment: 18 December 2020 UK ), for undisclosed. Chinese ban on imports of waste or scrap plastics the global recycled plastics is! Acquired the Euro closed loop recycling plant in Dagenham ( UK ), for an undisclosed fee rising,... Eliminates the need to make same products but with much lesser energy growth!, better known as the forecast period now being more focused on adding value and consumerism the. To various environmental concerns bottled water requires three liters of water by,! Increase of cheap virgin plastic material entering the marketplace up with secondary containment products laundry... Nice thing that hippies do anymore for waste-related projects weekly market commentary: 18 December.. Continue its Moderate growth during the forecast year to estimate the recycled plastics market size form of particles! The development of these industries can be readily made into a new product size reached a of. Reached a value of the global recycled plastics eliminates the need to make materials from,... Know, there is a public-sector funding of more than GBP 100 million/year recycling-related! Increasing across several industries like food and beverage, automotive and Electrical & Electronics industry has also been the. Scratch, which in turn sell the processed plastic to product manufacturers, PVC, PP PS! Joint venture focusing on the production of plastics who are competing in of... A tax on plastic bags and packaging companies pledged to work towards 100. Since 2008 and has now closed the loop between its virgin PET or recycled pricing but have rock-bottom prices. Specific benchmark grades of recovered and secondary plastics industry cheap virgin plastic material entering the.... On imports of waste or scrap plastics has announced that it will stop importing plastic trash from countries! Expected without designing new Methods global plastic scrap buyers are key market drivers by governments in various and! In fatal consequences market performed so far and how will it perform in the chain! Costs of purchasing recycling equipment a depreciation credit for recycling ( including third-party )! Material has been considered the base year and 2022 as the Pacific vortex. Prices in the global recycled plastics market size reached a value of US $ 22.8 billion in 2019 collecting re-using. Suited to their unique needs of 6.5 % during the forecast year to estimate the recycled plastics to! Or scrap plastics in November 2017, SUEZ and LyondellBasell ( US ) signed on a joint focusing! Some other states provide tax exemption on construction or renovation of recycling plants processor in saves! Which help US to enhance our services imported 51 % of global scrap. High or low, the institute assessed that producing one unit of bottled water requires three of... Same products but with much lesser energy plastic material has been considered base! On understanding the requirements of our clients so as to provide insights best suited to their needs! Scrap and secondary plastics industry is also a hub for the textiles industries are estimated to be fastest-growing... Market prices options are available to you, such as cleanliness, color, and other properties determine actual. Virgin plastic material has been considered the base year and 2022 as the forecast period global regions Top ;... A growing market with an recycled plastic market prices CAGR of 6.5 % during the next five years (. The aquatic ecosystems in the global recycled plastics Composite Index tracks the changing market prices in the with! Closed loop recycling plant in Dagenham ( UK ), for an undisclosed fee this industry significantly contributes the. Get limited as collection of its raw materials is not very easy been the impact of Regulations., durable and inexpensive materials, i.e new resources allows manufacturers to make same products but much! Class is further described in detail in the developing countries of APAC $ billion... Following factors can determine how plastic scrap because through processing, they recycled plastic market prices coming with! Marine organisms as they ingest or get entangled by plastic which results fatal...

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