Food Grade Recycled Plastic Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
Plastic recycling is a method for reusing scrap or plastic waste and the reprocessing of the material into useful products. Plastic has become one of the most severe environmental issues and, with an increase in consumer awareness, the demand for plastic recycling is gaining traction. In the past few years, several firms have joined the global recycled plastics market. With the scope for growth, more brands aim to reach the fast-growing regions of the worldwide economy.
MARKET DYNAMICS
Growing knowledge to control the pollution caused by plastic disposal and the environmental benefits, which include power savings, are some of the major factors boosting the growth of the food-grade recycled plastics market. Further expansion of urbanization, industrialization, and reduced environmental effects by plastic recycling has contributed to a rise in the market demand for recycled plastics. Growing concerns about sustainable as well as renewable packaging options have primarily increased with improvements in consumer education, and a growing knowledge of health and the climate has provided new possibilities for recycled plastics. The growing demand for artificial textiles will be one of the significant trends in the recycled plastics market.
MARKET SCOPE
The "Global Food-Grade Recycled plastics Market Analysis to 2031" is a specialized and in-depth study of the Chemical and Material industry with a special focus on the global market trend analysis. The report aims to provide an overview of the food-grade recycled plastics market with detailed market segmentation by type, application and geography. The global food-grade recycled plastics market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading food-grade recycled plastics market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global food-grade recycled plastics marketmarket is segmented on the basis of type, and application On the basis of type the global food-grade recycled plastics market is segmented into polyethylene terephthalate, polypropylene, high- density polyethylene, polystyrene, and others. Based on application the global food-grade recycled plastics market is segmented into bottle, flexible packaging, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global food-grade recycled plastics market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The food-grade recycled plastics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the food-grade recycled plastics market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the food-grade recycled plastics market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global food-grade recycled plastics market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The food-grade recycled plastics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the food-grade recycled plastics market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the food-grade recycled plastics market in these regions.
MARKET PLAYERS
The reports cover key developments in the food-grade recycled plastics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from food-grade recycled plastics market are anticipated to lucrative growth opportunities in the future with the rising demand for food- grade recycled plastics in the global market. Below mentioned is the list of few companies engaged in the food-grade recycled plastics market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the food-grade recycled plastics market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Clear Path Recycling
- Clean Tech Incorporated
- Mohawk Industries Incorporated
- CarbonLite Industries
- Envision Plastics Industries
- Advanced Environmental Recycling Technologies Incorporated
- Evergreen Plastics
- PolyQuest
- Phoenix Technologies
- KW Plastics
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Food Grade Recycled Market - By Type
1.3.2 Food Grade Recycled Market - By Application
1.3.3 Food Grade Recycled Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. FOOD GRADE RECYCLED MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. FOOD GRADE RECYCLED MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. FOOD GRADE RECYCLED MARKET - GLOBAL MARKET ANALYSIS
6.1. FOOD GRADE RECYCLED - GLOBAL MARKET OVERVIEW
6.2. FOOD GRADE RECYCLED - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. FOOD GRADE RECYCLED MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. POLYETHYLENE TEREPHTHALATE
7.3.1. Overview
7.3.2. polyethylene terephthalate Market Forecast and Analysis
7.4. POLYPROPYLENE
7.4.1. Overview
7.4.2. polypropylene Market Forecast and Analysis
7.5. HIGH- DENSITY POLYETHYLENE
7.5.1. Overview
7.5.2. high- density polyethylene Market Forecast and Analysis
7.6. POLYSTYRENE
7.6.1. Overview
7.6.2. polystyrene Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. others Market Forecast and Analysis
8. FOOD GRADE RECYCLED MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. BOTTLE
8.3.1. Overview
8.3.2. bottle Market Forecast and Analysis
8.4. FLEXIBLE PACKAGING
8.4.1. Overview
8.4.2. flexible packaging Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. others Market Forecast and Analysis
9. FOOD GRADE RECYCLED MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Food Grade Recycled Market Overview
9.1.2 North America Food Grade Recycled Market Forecasts and Analysis
9.1.3 North America Food Grade Recycled Market Forecasts and Analysis - By Type
9.1.4 North America Food Grade Recycled Market Forecasts and Analysis - By Application
9.1.5 North America Food Grade Recycled Market Forecasts and Analysis - By Countries
9.1.5.1 United States Food Grade Recycled Market
9.1.5.1.1 United States Food Grade Recycled Market by Type
9.1.5.1.2 United States Food Grade Recycled Market by Application
9.1.5.2 Canada Food Grade Recycled Market
9.1.5.2.1 Canada Food Grade Recycled Market by Type
9.1.5.2.2 Canada Food Grade Recycled Market by Application
9.1.5.3 Mexico Food Grade Recycled Market
9.1.5.3.1 Mexico Food Grade Recycled Market by Type
9.1.5.3.2 Mexico Food Grade Recycled Market by Application
9.2. EUROPE
9.2.1 Europe Food Grade Recycled Market Overview
9.2.2 Europe Food Grade Recycled Market Forecasts and Analysis
9.2.3 Europe Food Grade Recycled Market Forecasts and Analysis - By Type
9.2.4 Europe Food Grade Recycled Market Forecasts and Analysis - By Application
9.2.5 Europe Food Grade Recycled Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Food Grade Recycled Market
9.2.5.1.1 Germany Food Grade Recycled Market by Type
9.2.5.1.2 Germany Food Grade Recycled Market by Application
9.2.5.2 France Food Grade Recycled Market
9.2.5.2.1 France Food Grade Recycled Market by Type
9.2.5.2.2 France Food Grade Recycled Market by Application
9.2.5.3 Italy Food Grade Recycled Market
9.2.5.3.1 Italy Food Grade Recycled Market by Type
9.2.5.3.2 Italy Food Grade Recycled Market by Application
9.2.5.4 United Kingdom Food Grade Recycled Market
9.2.5.4.1 United Kingdom Food Grade Recycled Market by Type
9.2.5.4.2 United Kingdom Food Grade Recycled Market by Application
9.2.5.5 Russia Food Grade Recycled Market
9.2.5.5.1 Russia Food Grade Recycled Market by Type
9.2.5.5.2 Russia Food Grade Recycled Market by Application
9.2.5.6 Rest of Europe Food Grade Recycled Market
9.2.5.6.1 Rest of Europe Food Grade Recycled Market by Type
9.2.5.6.2 Rest of Europe Food Grade Recycled Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Food Grade Recycled Market Overview
9.3.2 Asia-Pacific Food Grade Recycled Market Forecasts and Analysis
9.3.3 Asia-Pacific Food Grade Recycled Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Food Grade Recycled Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Food Grade Recycled Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Food Grade Recycled Market
9.3.5.1.1 Australia Food Grade Recycled Market by Type
9.3.5.1.2 Australia Food Grade Recycled Market by Application
9.3.5.2 China Food Grade Recycled Market
9.3.5.2.1 China Food Grade Recycled Market by Type
9.3.5.2.2 China Food Grade Recycled Market by Application
9.3.5.3 India Food Grade Recycled Market
9.3.5.3.1 India Food Grade Recycled Market by Type
9.3.5.3.2 India Food Grade Recycled Market by Application
9.3.5.4 Japan Food Grade Recycled Market
9.3.5.4.1 Japan Food Grade Recycled Market by Type
9.3.5.4.2 Japan Food Grade Recycled Market by Application
9.3.5.5 South Korea Food Grade Recycled Market
9.3.5.5.1 South Korea Food Grade Recycled Market by Type
9.3.5.5.2 South Korea Food Grade Recycled Market by Application
9.3.5.6 Rest of Asia-Pacific Food Grade Recycled Market
9.3.5.6.1 Rest of Asia-Pacific Food Grade Recycled Market by Type
9.3.5.6.2 Rest of Asia-Pacific Food Grade Recycled Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Food Grade Recycled Market Overview
9.4.2 Middle East and Africa Food Grade Recycled Market Forecasts and Analysis
9.4.3 Middle East and Africa Food Grade Recycled Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Food Grade Recycled Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Food Grade Recycled Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Food Grade Recycled Market
9.4.5.1.1 South Africa Food Grade Recycled Market by Type
9.4.5.1.2 South Africa Food Grade Recycled Market by Application
9.4.5.2 Saudi Arabia Food Grade Recycled Market
9.4.5.2.1 Saudi Arabia Food Grade Recycled Market by Type
9.4.5.2.2 Saudi Arabia Food Grade Recycled Market by Application
9.4.5.3 U.A.E Food Grade Recycled Market
9.4.5.3.1 U.A.E Food Grade Recycled Market by Type
9.4.5.3.2 U.A.E Food Grade Recycled Market by Application
9.4.5.4 Rest of Middle East and Africa Food Grade Recycled Market
9.4.5.4.1 Rest of Middle East and Africa Food Grade Recycled Market by Type
9.4.5.4.2 Rest of Middle East and Africa Food Grade Recycled Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Food Grade Recycled Market Overview
9.5.2 South and Central America Food Grade Recycled Market Forecasts and Analysis
9.5.3 South and Central America Food Grade Recycled Market Forecasts and Analysis - By Type
9.5.4 South and Central America Food Grade Recycled Market Forecasts and Analysis - By Application
9.5.5 South and Central America Food Grade Recycled Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Food Grade Recycled Market
9.5.5.1.1 Brazil Food Grade Recycled Market by Type
9.5.5.1.2 Brazil Food Grade Recycled Market by Application
9.5.5.2 Argentina Food Grade Recycled Market
9.5.5.2.1 Argentina Food Grade Recycled Market by Type
9.5.5.2.2 Argentina Food Grade Recycled Market by Application
9.5.5.3 Rest of South and Central America Food Grade Recycled Market
9.5.5.3.1 Rest of South and Central America Food Grade Recycled Market by Type
9.5.5.3.2 Rest of South and Central America Food Grade Recycled Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. FOOD GRADE RECYCLED MARKET, KEY COMPANY PROFILES
11.1. ADVANCED ENVIRONMENTAL RECYCLING TECHNOLOGIES INCORPORATED
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CARBONLITE INDUSTRIES
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CLEAN TECH INCORPORATED
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CLEAR PATH RECYCLING
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. ENVISION PLASTICS INDUSTRIES
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. EVERGREEN PLASTICS
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. KW PLASTICS
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. MOHAWK INDUSTRIES INCORPORATED
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. PHOENIX TECHNOLOGIES
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. POLYQUEST
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Advanced Environmental Recycling Technologies Incorporated
2. CarbonLite Industries
3. Clean Tech Incorporated
4. Clear Path Recycling
5. Envision Plastics Industries
6. Evergreen Plastics
7. KW Plastics
8. Mohawk Industries Incorporated
9. Phoenix Technologies
10. PolyQuest
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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