- 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. Figure 5: Global: Recycled Plastics Market: Breakup by Application (in %), 2019 Global market for recycled plastic and waste to oil 2014-2024 Global market value of post-consumer recycled plastics 2019 & 2024 Global plastic waste volume 1950-2050 Activity from the online exchanges contributes source data to ScrapIndex.com. Growing awareness to curb the pollution caused by plastic disposal and the environmental benefits such as energy savings are the factors driving the growth of the recycled plastics market.         7.5.2 Market Forecast     5.2    Market Performance They contaminate the aquatic ecosystems in the form of tiny particles of plastic debris. As you may know, there is no blue or absolute value for recycled plastics. Alibaba.com offers 1,523 recycled plastic market prices products. Table 2: Global: Recycled Plastics Market Forecast: Breakup by Plastic Type (in Million US$), 2020-2025 2   Scope and Methodology This campaign also known as China’s “Green Fence” campaign banned certain plastics that weren’t cleaned or thoroughly sorted. The global recycled plastic market size is anticipated to reach USD 66.6 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 5.0% over the forecast period. The Index consists of a weighted basket of specific benchmark grades of recovered and secondary plastic.         5.10.6    Export         7.4.2 Market Forecast         6.3.1 Market Trends     5.7    Market Breakup by Region Price Reports Scrap Commodity Pricing and Recycling Market Trend Information The Recycler's Exchange is a member of a worldwide network of regional online exchanges which facilitate the trade of scrap and recyclable commodities. Thus, using of the recycled plastics instead of the new resources allows manufacturers to make same products but with much lesser energy. Figure 16: Global: Recycled Plastics Market Forecast (Polypropylene - PP): Sales Value (in Million US$), 2020-2025 Globally, only 14% of the plastic packaging it uses are recycled, where rest of it ends up in the oceans each year, indirectly causing harm to the aquatic biodiversity.         5.10.1    Overview Each class is further described in detail in the report with value forecasts until 2022.     5.10    Value Chain Analysis What are the various stages in the value chain of the global recycled plastics market? Figure 32: Global: Recycled Plastics Market Forecast (Applications in Non-Food Contact Packaging): Sales Value (in Million US$), 2020-2025 [144 Pages Report] The global recycled plastics market was valued at USD 34,804.1 million in 2016 and is projected to reach USD 50,356.1 million by 2022, at a CAGR of 6.4% during the forecast period. Veolia (France), Suez (France), KW Plastics (US), Jayplas (UK), B. Schoenberg & Co. (US), B&B Plastics (US), Green Line Polymers (US), Clear Path Recycling (US), Custom Polymers (US),Plastipak Holdings (US), To speak to our analyst for a discussion on the above findings, click Speak to Analyst, 1 Introduction (Page No.     10.2    Raw Material Requirements Amongst these, non-food contact packaging exhibits a clear dominance in the market. The global recycled plastics market reached a value of US$ 22.8 Billion in 2019. Thus, the stiff competition posed by virgin plastics restrains the growth of the recycled plastics. Recycling is not just a nice thing that hippies do anymore. This industry significantly contributes to the overall GDP of the region and plays an important role in creating employment opportunities.         7.3.2 Market Forecast In November 2017, SUEZ and LyondellBasell (US) signed on a joint venture focusing on the production of high-quality circular polymers.     5.4    Market Breakup by Plastic Type Thus, recycling plastic helps to reduce the amount of waste disposed of at landfill sites, thereby lowering the amount of greenhouse gas emissions released from landfills. 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. Traditionally, the recycled plastic was used in low-value applications wherein contaminated recycled pellets of mixed plastic were used. 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.         5.11.4    Degree of Competition This is a reference guide for plastic scrap being sold in China. The market is witnessing growth due to a growing preference for recycled plastics over virgin plastics as a result of severe pollution caused by the disposal of used plastics in oceans and the scarcity of landfill areas in many countries. Figure 19: Global: Recycled Plastics Market (Other Recycled Plastics): Sales Value (in Million US$), 2014 & 2019 Products manufactured from plastics are usually non-biodegradable in nature and can lead to various environmental concerns. Plastic recycling refers to the process of collecting and re-using different types of plastic wastes. Email.         8.2.2 Market Forecast     11.3    Profiles of Key Players This is the highest price seen since November 2016. Share. Reduction of plastic wastes and numerous recycling programmes have become a priority for both developed and developing nations across the globe. The market is fragmented in nature with the presence of several small and large manufacturers who are competing in terms of prices and quality. The Vietnam recycled plastics market size reached a volume of about 199,034 tons in 2020. Many companies such as Coca-Cola North America, Unilever, Walmart, Target Corp., Procter & Gamble Co., Ecover, Evian, L’Oréal, Mars, M&S, PepsiCo, Campbell Soup, Amcor Werner & Mertz and Keurig Green Mountain Inc. pledged to the Association of Plastics Recyclers (US) to increase the use of recycled plastics in their products. The ban on import of certain waste plastic scraps to China and irregular collection of the waste plastics for its reprocessing are some of the factors challenging the growth of the global recycled plastics market globally. The processor in turn sell the processed plastic to product manufacturers. But have rock-bottom oil prices and the pandemic doomed the market for recycled plastics? Table 3: Global: Recycled Plastics Market Forecast: Breakup by Raw Material (in Million US$), 2020-2025 Plastic recycling refers to the process of collecting and re-using different types of plastic wastes. Figure 4: Global: Recycled Plastics Market: Breakup by Raw Material (in %), 2019     2.5    Forecasting Methodology Figure 39: Global: Recycled Plastics Market (Other Applications): Sales Value (in Million US$), 2014 & 2019 Looking forward, IMARC Group expects the global recycled plastics market to continue its moderate growth during the next five years. What is the structure of the global recycled plastics market and who are the key players? Global Recycled Plastics Market Outlook. The global exponential population growth has led to an increased demand from the textile and the packaging industries which is the largest end use industry of recycled plastics. Please share your problem/objectives in greater details so that our analyst can verify if they can solve your problem(s). [144 Pages Report] The global recycled plastics market was valued at USD 34,804.1 million in 2016 and is projected to reach USD 50,356.1 million by 2022, at a CAGR of 6.4% during the forecast period. The recycled plastics market is highly dependent on the proper collection of its raw materials, i.e.     2.3    Data Sources 11  Competitive Landscape Therefore, it is expected to trigger a significant rise in public sector funding for waste-related projects. Owing to this, governments in different regions are implementing policies and regulations for controlling waste production, encouraging the reuse and recycling of plastic wastes, and encouraging systematic waste treatment.     6.3    Polypropylene (PP) Figure 22: Global: Recycled Plastics (From Bottles) Market Forecast: Sales Value (in Million US$), 2020-2025         5.9.2    Strengths Recently, the European Union plans also announced a tax on plastic bags and packaging in order to curb ocean pollution.     7.5    Others         7.1.2 Market Forecast Recycled plastics experience a stiff competition from virgin plastics in terms of quality and its application. Privacy policy, Wine Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026, Vaccine Storage and Packaging Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026, Floating Production Storage and Offloading Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026, United States Retort Pouches Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026, GCC Retort Pouches Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026, ( US: +1-631-791-1145 ) Stay informed with price assessments accompanied by weekly market commentary and rationale.         7.1.1 Market Trends Undoubtedly, shifting supply and demand of the market and the specific needs of plastic scrap buyers are key market drivers.         5.11.3    Bargaining Power of Suppliers         5.11.6    Threat of Substitutes     2.4    Market Estimation Figure 49: Middle East and Africa: Recycled Plastics Market: Sales Value (in Million US$), 2014 & 2019 Opportunities: Favorable initiative to promote the use of recycled plastics in developed countries. Recycling prices and market commentary: 18 December 2020. This can be attributed to various initiatives undertaken by government and other organisations in the region. This content is for REB Market Intelligence subscribers only.     7.1    Plastic Bottles The Electrical & Electronics industry has also been witnessing the increased usage of recycled plastics in electric and electronic equipment (EEE).         8.4.1 Market Trends Figure 9: Global: Recycled Plastics Industry: Value Chain Analysis Figure 44: Europe: Recycled Plastics Market Forecast: Sales Value (in Million US$), 2020-2025 In this study, 2016 has been considered the base year and 2022 as the forecast year to estimate the recycled plastics market size. Whether virgin prices are high or low, the cost of producing high-quality recycled pellets remains largely the same, Keel explained. Polyethylene Terephthalate (PET): The fastest-growing segment of the recycled plastics market, by type. The strategy stated that the all packaging products should be recyclable by 2030 and must recycle 55% of plastic packaging.         6.2.2 Market Forecast Figure 36: Global: Recycled Plastics Market Forecast (Applications in Construction): Sales Value (in Million US$), 2020-2025 Table 4: Global: Recycled Plastics Market Forecast: Breakup by Application (in Million US$), 2020-2025 This site uses cookies (including third-party cookies) to record user’s preferences which help us to Processor in turn saves a lot of energy to reflect changes in market who. Plastic products they are coming up with secondary containment products, a depreciation credit for recycling Keel explained, industry. Also predicted across all application areas, resin types and global regions size at... A value of US $ 22.8 billion in 2019 consulting services to clients consisting,. November 2016 order to curb negative environmental impact and resource depletion Stimulated by Technological Innovations global. 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