Global Recycled Plastics Market Size, Share, Price, Industry Trends And Forecast 2018-2023

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    Global Recycled Plastics Market Catalysed
by Government Initiatives

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Report Description and Highlights
Report Description
Global Recycled Plastics Market Catalyzed by
Government Initiatives The global recycled
plastics market has grown at a healthy rate, over
the recent years. Some of the factors which have
further given impetus to the market include
rising awareness, government initiatives,
etc. Recycling plastics refers to a process
wherein the waste plastic is transformed into
useful products. As majority of the plastic is
non-biodegradable, global efforts have been
garnered so as to reduce the waste plastic from
negatively affecting the environment. Recycling
includes sorting of different polymers,
shredding, cleaning, and melting it into pellets.
These pellets are then used in production of
plastic products such as tables or chairs. This
helps in reducing the plastic pollution and use
of virgin resin.  A new research report by IMARC
Group, titled Recycled Plastics Market Global
Industry Trends, Share, Size, Growth, Opportunity
and Forecast 2018-2023, estimates that
the global recycled plastics market was worth US
37 Billion in 2017. The report further
anticipates the market to cross US 52 Billion by
2023, at a projected CAGR of 5.7 over the
forecast period.
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Report Description and Highlights
Report Description

• Global Recycled Plastics Market
  Drivers/Constraints
• Production of plastic releases huge amounts of
  carbon dioxide in the environment, thereby
  elevating the levels of greenhouse gases present
  in the air. As recycling of plastic reduces the
  usage of oil and the volume of discarded wastes,
  it acts as one of the primary factors influencing
  the market growth.
• Government initiatives undertaken by numerous
  nations aim to minimise the emission of carbon
  dioxide and waste generated from
  non-biodegradable plastics, thereby contributing
  to the growth of the market.
• The rising awareness about environment pollution
  amongst consumers along with technological
  advancements and improvements in the systems for
  the collection represent some of the other major
  factor propelling the growth of recycled plastic
  market.
• However, there are several factors that act as a
  hindrance to the market growth. In the process of
  melting and recycling of the plastic, volatile
  organic compounds are generated which can harm
  the plants and animals near the recycling site.
• Read more here https//www.imarcgroup.com/recycl
  ed-plastics-market

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Report Description and Highlights
Report Description
Plastic Type Insights On the basis of type, the
market is classified into polyethylene
terephthalate (PET), high density polyethylene
(HDPE), polypropylene (PP), low density
polyethylene (LDPE) and others. Currently,
polyethylene terephthalate accounts for the
majority of the market share. Applicatio
n Insights On the basis of application, the
market is segregated as non-food contact
packaging, food contact packaging, construction,
automotive and others. Amongst these, non-food
contact packaging exhibits a clear dominance in
the recycled plastics market. Request Sample Of
The Report https//www.imarcgroup.com/request?typ
ereportid841flagB
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Report Description and Highlights
Report Description

• Raw Material Insights
• Based on raw materials, the recycled plastic
  market is segmented as bottles, rigid plastics
  and foam, bags and films, carpets and fibres, and
  others. Currently, bottles are the most popular
  raw material used for recycling.
• Regional Insights
• On a geographical front, North America enjoys the
  leading position in the global recycled plastic
  market, accounting for the largest market share.
  North America is followed by Europe, Asia
  Pacific, Latin America, and Middle East and
  Africa.
• Competitive Landscape
• The market is fragmented in nature with the
  presence of numerous small and large
  manufacturers. Some of the leading players
  operating in the market are
• Avangard Innovative LP
• B. Schoenberg and Co., Inc.
• Delta Plastics
• UltrePET LLC
• CarbonLITE Industries

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Report Description and Highlights
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Report Description and Highlights
Report Description

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