DUBLIN--(BUSINESS WIRE)--The "Recycled Plastics Market - Global Industry Analysis (2018 - 2021) - Growth Trends and Market Forecast (2022 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The global recycled plastics market was worth US$19.5 Bn in 2019 and is forecasted to reach US$30.2 Bn in 2026, registering a healthy CAGR of 8.1% between 2022 and 2026.
Companies Mentioned
- Indorama Ventures Public Company Limited
- Covestro AG
- Borealis AG
- LyondellBasell Industries N.V.
- Phoenix Technologies International, LLC
- UltrePET, LLC.
- Extrupet Group (Pty) Ltd
- KW Plastics
- Envision Plastics
- ALPLA Group
Development of innovative technology through research in the field of synthetic resins becomes a focal area for companies operating in the industry. In the face of such advancements, global market for recycled plastics can expect multiple opportunities for growth under its perusal.
Key Insights and Trends Dominating the Global Recycled Plastic Market
Food packaging will be the fastest growing application category in terms of volume. Polyethylene terephthalate (PET) was found to be a leading category of recycled plastics in 2019. In terms of value, it is projected to reach US$ 14.1 Bn by 2026, growing with a CAGR of 8.7% owing to the higher demand from food as well as non-food packaging applications.
Growing demand for sustainable plastic materials from the automotive industry is likely to boost the demand for recycled plastics as well. To tap this potential, plastic recyclers have developed technologies to effectively separate and recycle plastic from end-of-life vehicles (ELV).
Recycled plastics are being increasingly uses for carpeting, flooring tiles, roofing tiles, indoor insulation, bricks, and fences. Residential as well as commercial construction sectors are benefitting owing to the durability, lighter weight, and high strength in case mix-compound recycled plastics as these materials are cost-competitive compared to virgin plastics.
Various Properties of Classified Recycled Plastics Ensue Market Growth Through Different Sectors
Lack of polypropylene and virgin polyethylene availability is projected to encourage the use of recycled polythene. As consumers become increasing sensitive to environmental concerns, they raise demand for sustainability commitments with the packaging industry. With a benefit of their own in the face of long-term cost-cutting, companies adapt to the new trends of durable packaging.
Due to this, market for recycled high-density polyethylene (HDPE) and low-density polyethylene (LDPE) are forecasted to experience surging growth. Major use of recycled polypropylene for producing outdoor furniture and other construction consumer products is expected to have a share in the expansion of the global recycled plastics market.
Key Topics Covered:
1. Executive Summary
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. Covid-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Economic Overview
3. Production Output and Trade Statistics
4. Price Trends Analysis and Future Projects, 2018-2026
4.1. Price Trends Analysis and Future Projects, 2018-2026
4.2. Global Average Price Analysis, by Product vs Application, US$ per Kg
5. Global Recycled Plastics Market Outlook, 2018-2026
5.1. Global Recycled Plastics Market Outlook, by Product, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
5.1.1. Key Highlights
5.1.1.1. PET
5.1.1.2. HDPE
5.1.1.3. PP
5.1.1.4. LDPE
5.1.1.5. Misc. (PVC, PS, etc.)
5.2. Global Recycled Plastics Market Outlook, by Application, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
5.2.1. Key Highlights
5.2.1.1. Food Packaging
5.2.1.2. Non-food Packaging
5.2.1.3. Construction
5.2.1.4. Automotive
5.2.1.5. Textile
5.2.1.6. Misc. (Electronics, Agriculture, etc.)
5.3. Global Recycled Plastics Market Outlook, by Region, Volume (Kilo Tons) and Value (US$ Mn), 2018-2026
5.3.1. Key Highlights
5.3.1.1. North America
5.3.1.2. Europe
5.3.1.3. Asia Pacific
5.3.1.4. Latin America
5.3.1.5. Middle East & Africa
6. North America Recycled Plastics Market Outlook, 2018-2026
7. Europe Recycled Plastics Market Outlook, 2018-2026
8. Asia Pacific Recycled Plastics Market Outlook, 2018-2026
9. Latin America Recycled Plastics Market Outlook, 2018-2026
10. Middle East & Africa Recycled Plastics Market Outlook, 2018-2026
11. Competitive Landscape
11.1. Product vs Application Heatmap
11.2. Recycled Plastics Market Structure
11.3. Company Market Share Analysis, 2019
11.4. Technological Developments
11.5. Company Profiles
12. Appendix
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