Product Code: r6308
“Plastic Recycling Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on plastic recycling market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
- Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for plastic recycling ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The plastic recycling market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
- 1) By Type: Polyethylene Terephthalate; Polyethylene; Polystyrene; Polyvinyl Chloride; Polypropylene; Other Types
- 2) By Source: Bottles; Films; Foams; Fibers; Other Sources
- 3) By End Use: Packaging; Automotive; Building And Construction; Electrical And Electronics; Other End Uses
- Companies Mentioned: Kuusakoski Group Oy; Berry Global Inc; B & B Plastics Inc.; Plastipak Packaging Inc.; CarbonLite Industries LLC
- Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
- Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
- Delivery format: PDF, Word and Excel Data Dashboard.
Executive Summary
Major players in the market are Kuusakoski Group Oy, Berry Global Inc., B & B Plastics Inc., Plastipak Packaging Inc., CarbonLite Industries LLC, Custom Polymers Inc., MBA Polymers Inc., Clear Path Recycling LLC, Veolia Environnement S.A, Plasgran Ltd., Jayplas Limited, Envision Plastics Industries LLC, Fresh-Pak Corporation, WM Intellectual Property Holdings LLC, and Green Line Polymers Inc.
The global plastic recycling market is expected to grow from $38.64 billion in 2022 to $41.98 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The plastic recycling market is expected to reach $55.93 billion in 2027 at a CAGR of 7.4%.
The plastic recycling market includes revenues earned by entities by providing plastic recycling services such as pyrolysis, chemical recycling, and gasification. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
Plastic recycling refers to the process of recycling and recovering waste or scrap plastic into functional and useful products. It reduces high rates of plastic pollution, helps conserve resources, and diverts plastics from landfills or unintended destinations such as the oceans.
North America was the largest region in the plastic recycling market in 2022. The regions covered in the plastic recycling report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of plastic recycling are polyethylene terephthalate, polyethylene, polystyrene, polyvinyl chloride, polypropylene and others. Polyethylene terephthalate refers to a semi-crystalline polymer made by copolymerizing ethylene glycol and terephthalic acid. It is taken from various sources including bottles, films, foams, fibers, and other sources, and used by packaging, automotive, building and construction, electrical and electronics and others.
The increase in the consumption of plastics is expected to propel the growth of the plastic recycling market going forward. Plastics refer to synthetic organic polymers derived primarily from fossil fuels widely used in almost every sector of the modern economy due to their lightweight, low cost, durability, and versatility. Through plastic recycling processes waste or scrap plastic can be recovered into functional and useful products. For instance, in 2022, according to an article published by World Economic Forum, a Switzerland-based organization, estimated that 400 million tons of plastic waste are generated yearly across the world, and packaging accounts for approximately 36% of all plastic produced, with 85% ending up in landfills. Therefore, the increased consumption of plastics is propelling the growth of the plastic recycling market.
Technological advancements are gaining popularity as a key trend in the plastic recycling market. Major market players are introducing innovations in recycling technologies for easier and cost-effective plastic recycling processes to strengthen their position in the market. For instance, in November 2021, Honeywell International Inc., a US-based multinational conglomerate corporation providing smart building solutions, launched UpCycle Process Technology to advance the circular economy of plastics that can be recycled. It will provide feedstock for recovered plastics with a lower carbon impact using recycled resources. UpCycle Process Technology converts waste plastic into Honeywell recovered polymer feedstock, which is then used to produce new plastics using cutting-edge molecular conversion, pyrolysis, and pollutants management technology. 90% of worldwide plastic trash may be recycled with UpCycle Process Technology.
In April 2022, SCG Chemicals Co Ltd., a Thailand-based chemical manufacturing and plastic recycling company acquired a 70% stake in Sirplaste for an undisclosed amount. The acquisition was aimed to extend SCGC's market presence in Portugal and Europe with the high-quality post-consumer recycled resin (PCR) product portfolio. This strategy also strengthened manufacturing capacity and improve the quality of SCG Chemicals Co Ltd. Sirplaste is a Portugal-based plastic recycling company specializing in providing plastic waste recycling services including sorting and crushing waste plastic.
The countries covered in the plastic recycling market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The plastic recycling market research report is one of a series of new reports from The Business Research Company that provides plastic recycling market statistics, including the plastic recycling industry global market size, regional shares, competitors with a plastic recycling market share, detailed plastic recycling market segments, market trends, and opportunities, and any further data you may need to thrive in the plastic recycling industry. This plastic recycling market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Table of Contents
1. Executive Summary
2. Plastic Recycling Market Characteristics
3. Plastic Recycling Market Trends And Strategies
4. Plastic Recycling Market - Macro Economic Scenario
- 4.1. COVID-19 Impact On Plastic Recycling Market
- 4.2. Ukraine-Russia War Impact On Plastic Recycling Market
- 4.3. Impact Of High Inflation On Plastic Recycling Market
5. Plastic Recycling Market Size And Growth
- 5.1. Global Plastic Recycling Historic Market, 2017-2022, $ Billion
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints On The Market
- 5.2. Global Plastic Recycling Forecast Market, 2022-2027F, 2032F, $ Billion
- 5.2.1. Drivers Of The Market
- 5.2.2. Restraints On the Market
6. Plastic Recycling Market Segmentation
- 6.1. Global Plastic Recycling Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Polyethylene Terephthalate
- Polyethylene
- Polystyrene
- Polyvinyl Chloride
- Polypropylene
- Other Types
- 6.2. Global Plastic Recycling Market, Segmentation By Source, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Bottles
- Films
- Foams
- Fibers
- Other Sources
- 6.3. Global Plastic Recycling Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Packaging
- Automotive
- Building And Construction
- Electrical And Electronics
- Other End Uses
7. Plastic Recycling Market Regional And Country Analysis
- 7.1. Global Plastic Recycling Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 7.2. Global Plastic Recycling Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
8. Asia-Pacific Plastic Recycling Market
- 8.1. Asia-Pacific Plastic Recycling Market Overview
- Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
- 8.2. Asia-Pacific Plastic Recycling Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 8.3. Asia-Pacific Plastic Recycling Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
9. China Plastic Recycling Market
- 9.1. China Plastic Recycling Market Overview
- 9.2. China Plastic Recycling Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
- 9.3. China Plastic Recycling Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
10. India Plastic Recycling Market
- 10.1. India Plastic Recycling Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 10.2. India Plastic Recycling Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
11. Japan Plastic Recycling Market
- 11.1. Japan Plastic Recycling Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 11.2. Japan Plastic Recycling Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
12. Australia Plastic Recycling Market
- 12.1. Australia Plastic Recycling Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 12.2. Australia Plastic Recycling Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
13. Indonesia Plastic Recycling Market
- 13.1. Indonesia Plastic Recycling Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 13.2. Indonesia Plastic Recycling Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
14. South Korea Plastic Recycling Market
- 14.1. South Korea Plastic Recycling Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 14.2. South Korea Plastic Recycling Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
15. Western Europe Plastic Recycling Market
- 15.1. Western Europe Plastic Recycling Market Overview
- 15.2. Western Europe Plastic Recycling Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 15.3. Western Europe Plastic Recycling Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
16. UK Plastic Recycling Market
- 16.1. UK Plastic Recycling Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 16.2. UK Plastic Recycling Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
17. Germany Plastic Recycling Market
- 17.1. Germany Plastic Recycling Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 17.2. Germany Plastic Recycling Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
18. France Plastic Recycling Market
- 18.1. France Plastic Recycling Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 18.2. France Plastic Recycling Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
19. Eastern Europe Plastic Recycling Market
- 19.1. Eastern Europe Plastic Recycling Market Overview
- 19.2. Eastern Europe Plastic Recycling Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 19.3. Eastern Europe Plastic Recycling Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
20. Russia Plastic Recycling Market
- 20.1. Russia Plastic Recycling Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 20.2. Russia Plastic Recycling Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
21. North America Plastic Recycling Market
- 21.1. North America Plastic Recycling Market Overview
- 21.2. North America Plastic Recycling Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 21.3. North America Plastic Recycling Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
22. USA Plastic Recycling Market
- 22.1. USA Plastic Recycling Market Overview
- 22.2. USA Plastic Recycling Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 22.3. USA Plastic Recycling Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
23. South America Plastic Recycling Market
- 23.1. South America Plastic Recycling Market Overview
- 23.2. South America Plastic Recycling Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 23.3. South America Plastic Recycling Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
24. Brazil Plastic Recycling Market
- 24.1. Brazil Plastic Recycling Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 24.2. Brazil Plastic Recycling Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
25. Middle East Plastic Recycling Market
- 25.1. Middle East Plastic Recycling Market Overview
- 25.2. Middle East Plastic Recycling Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 25.3. Middle East Plastic Recycling Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
26. Africa Plastic Recycling Market
- 26.1. Africa Plastic Recycling Market Overview
- 26.2. Africa Plastic Recycling Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- 26.3. Africa Plastic Recycling Market, Segmentation By End Use, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
27. Plastic Recycling Market Competitive Landscape And Company Profiles
- 27.1. Plastic Recycling Market Competitive Landscape
- 27.2. Plastic Recycling Market Company Profiles
- 27.2.1. Kuusakoski Group Oy
- 27.2.1.1. Overview
- 27.2.1.2. Products and Services
- 27.2.1.3. Strategy
- 27.2.1.4. Financial Performance
- 27.2.2. Berry Global Inc
- 27.2.2.1. Overview
- 27.2.2.2. Products and Services
- 27.2.2.3. Strategy
- 27.2.2.4. Financial Performance
- 27.2.3. B & B Plastics Inc.
- 27.2.3.1. Overview
- 27.2.3.2. Products and Services
- 27.2.3.3. Strategy
- 27.2.3.4. Financial Performance
- 27.2.4. Plastipak Packaging Inc.
- 27.2.4.1. Overview
- 27.2.4.2. Products and Services
- 27.2.4.3. Strategy
- 27.2.4.4. Financial Performance
- 27.2.5. CarbonLite Industries LLC
- 27.2.5.1. Overview
- 27.2.5.2. Products and Services
- 27.2.5.3. Strategy
- 27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The Plastic Recycling Market
29. Plastic Recycling Market Future Outlook and Potential Analysis
30. Appendix
- 30.1. Abbreviations
- 30.2. Currencies
- 30.3. Historic And Forecast Inflation Rates
- 30.4. Research Inquiries
- 30.5. The Business Research Company
- 30.6. Copyright And Disclaimer