Recycled Plastics Market Size, Share, and Forecast by 2031
Recycled Plastics Market: Strategic Insights
Recycled Plastics Market
-
CAGR (2023 - 2031)9.8% -
Market Size 2023
US$ 52.29 Billion -
Market Size 2031
US$ 111.83 Billion
Market Dynamics
GROWTH DRIVERS
- Rising environmental awareness
- Government mandates on recycling
- Increased demand for sustainable packaging
FUTURE TRENDS
- Expansion of circular economy practices
- Growth of plastic waste recycling innovations
- Development of biodegradable plastics
OPPORTUNITIES
- Growth in recycled plastic products in packaging
- Technological advancements in plastic recycling
- Increasing consumer demand for eco-friendly products
Key Players
- REMONDIS SE and Co KG
- Biffa
- Stericycle Inc
- Veolia
- Jayplas
- Alpek S A B De C V
- Republic Services Inc
- B B Plastics Inc
- Clear Path Recycling
- PLASTIPAK HOLDINGS INC
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Type - Polyethylene Terephthalate
- Polyethylene
- Polypropylene
- Polystyrene
Source - Plastic Bottles
- Plastic Films
- Plastic Foams
- Plastic Fibers
Application - Packaging
- Textile
- Automotive
- Building and Construction
- Electrical and Electronics
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