The global market for plastic recycling should grow from $26.5 billion in 2020 to $34.4 billion by 2025, at a compound annual growth rate (CAGR) of 5.4% for the forecast period of 2020-2025.
The global market for plastic recycling by non-durable goods source should grow from $21.5 billion in 2020 to $27.9 billion by 2025, at a CAGR of 5.4% for the forecast period of 2020-2025.
The global market for plastic recycling by durable goods source should grow from $5 billion in 2020 to $6.6 billion by 2025, at a CAGR of 5.5% for the forecast period of 2020-2025.
In 2020, the global plastic recycling business was heavily impacted by the coronavirus disease (COVID-19) pandemic. Collecting and recycling recyclable waste has been suspended, widely. Recycled volume slumped in the first half of 2020. China and some other countries have quickly recovered from the pandemic.
In 2019, the global plastic recycling industry rebounded back to nearly the level of 2017, before China started to significantly ban its post-consumer plastics import in Jan 2018.
Three factors contributed to the quick recovery of the global plastic recycling market:
Europe significantly improved its capacity to recycle locally-collected plastic waste, increasing processed volume by more than four billion pounds per year from 2017-2019.
China has a huge appetite for recycled plastics. Vietnam, Malaysia, South Korea, Japan, Indonesia, Thailand and many other countries set up facilities to produce recycled pellets and sell to the Chinese market.
Most other countries also increased domestic recycling capacity.
The report includes:
Comprehensive overview of the global markets for plastics recycling within the industry
Analyses of the global market trends, with data corresponding to market size for 2019, estimates for 2020, and projections of compound annual growth rates (CAGRs) through 2025
Assessment of market potential for recycled plastics, revenue forecast in dollar value terms and market volumes on the basis of resin type, source of waste, end use, application sector and geographical region
Country specific data and analysis of China, India, Vietnam, Indonesia, Japan, South Korea, Germany, Italy, France, U.K., Spain, U.S., Canada, Mexico, Brazil, Australia and South Africa
Latest information on major market drivers, opportunities and challenges, industry chain structure, regulatory and environmental updates, macroeconomic trends, and technological advancements that are affecting the overall marketplace
Identification of companies best-positioned to meet the global plastics recycling market demand owing to their proprietary technologies, mergers and acquisitions, joint ventures and other strategic alliances
Competitive landscape of the leading companies encompassing their successful marketing strategies, key contribution, and recent developments
Company profiles of market leading participants, including CarbonLITE, Kunststoffrecycling Ges.m.b.H, LyondellBasell, MBA Polymers Inc., MTM Plastics GmbH, Montello S.p.A., Teijin, Recycled Plastics UK and Shakti Plastics Industries
Key Topics Covered:
Chapter 1 Introduction
Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
Target Audience of the Study
Methodology and Information Sources
Geographic Breakdown
Analyst's Credentials
Custom Research
Related Reports
Chapter 2 Summary and Highlights
Summary
Highlights
Largest and Fastest Growing Markets
Significant Market Trends
Chapter 3 Overview of Plastic Recycling
Background
The Economics of Plastic Recycling
Plastic Recycling Industry
How Plastics are Made
Classifications of Plastics
End-use Markets
Recycling
Chapter 4 Global Markets for Plastic Recycling
Global Plastic Recycling Market by Region
Global Plastic Recycling Market by Source
Bottles
Films
Automotive
Electrical and Electronics
Global Plastic Recycling Market by Resin
Polyethylene Terephthalate
High-Density Polyethylene
LDPE and LLDPE
Polypropylene
Polyvinyl Chloride
Polystyrene
Polyurethane
Polycarbonate
Mixed Resins
Global Plastic Recycling Market by End Use
Consumer Products
Building Products
Automotive
Industrial and Commercial
Chapter 5 Asian Market for Plastic Recycling
Chapter 6 European Market for Plastic Recycling
Chapter 7 North American Markets for Plastic Recycling
Chapter 8 Rest of the World Market for Plastic Recycling
CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
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Press Release Details
Published On6 January 2021
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