2018 Global Recycled Plastics Market: Industry Trends, Share, Size, Growth, and Opportunity – Forecast to 2023 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The "Recycled
Plastics Market: Global Industry Trends, Share, Size, Growth,
Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's
offering.

According to the report, the global recycled plastics market reached a
value of US$ 37 Billion in 2017. Owing to the below factors, the market
is expected to reach a value of US$ 52 Billion by 2023, exhibiting a
CAGR of 5.7% during 2018-2023.

Increasing prices of conventional plastics along with the growing
concern for the environment represent the key factors driving the
market. Recycling plastics reduces the amount of energy and natural
resources needed to create virgin plastic. Therefore, shifting focus
towards sustainability is boosting the demand for recycled plastics
across the globe. Moreover, increasing local demand and lower labour
costs has expanded the market in the emerging regions such as Asia
Pacific, particularly in China, India, and the ASEAN countries.

The report has segmented the market on the basis of type including
Polyethylene Terephthalate (PET), High Density Polyethylene (HDPE),
Polypropylene (PP), Low Density Polyethylene (LDPE) and others. Amongst
these, Polyethylene Terephthalate (PET) represents the most popular type.

The market is further segmented on the basis of raw materials used.
Bottles, rigid plastic and foam, bags and films, and carpets and fibers
are the major raw materials used in the production of recycled plastics.

On the basis of applications, non-food contact packaging represents the
largest segment, followed by food contact packaging, construction,
automotive and others.

Region-wise, North America is the largest market, accounting for the
majority of shares. Other major regions include Europe, Asia Pacific,
Latin America, and Middle East and Africa.

Key Players: Avangard Innovative LP, B. Schoenberg and
Co., Inc., Delta Plastics, UltrePET LLC, and CarbonLITE Industries.

Key Topics Covered

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

5 Global Recycled Plastics Market

6 Market Breakup by Plastic Type

7 Market Breakup by Raw Material

8 Market Breakup by Application

9 Market Breakup by Region

10 Recycled Plastics Manufacturing Process

11 Competitive Landscape

For more information about this report visit https://www.researchandmarkets.com/research/6q5tcx/2018_global?w=4

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Related
Topics: Plastics,
Recycling
and Recycled Materials