The Japan recycled plastics market is expected to exhibit moderate growth during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Plastic recycling is the procedure of recovering and reprocessing scrap plastic materials into valuable products. Some of the common types of plastic include polyethylene terephthalate (PET), high-density polyethylene (HDPE), polypropylene (PP), and low-density polyethylene (LDPE). The waste majorly goes through five stages, namely, sorting, washing, shredding, identification and classification, and extruding. Products manufactured through plastic recycling are biodegradable and environment-friendly. Plastic recycling aids in reducing landfill dependence, conserving resources, lowering plastic pollution, and preventing greenhouse gas emissions.
Japan recycled plastics market is primarily being driven by rapid industrialization and shifting focus towards sustainability. Lower labor costs and increasing awareness regarding the eco-friendly benefits of recycling plastics are further contributing to the market growth. Additionally, the escalating demand for plastic material across the food and beverage (F&B), healthcare, and packaging industries is fueling the market growth. This can be attributed to the rising population, continuous product innovations, and inflating national income. Moreover, the Government of Japan (GoJ) is introducing numerous recycling programs and implementing policies for controlling waste production, encouraging reuse and recycling of scrap plastic. Apart from this, leading players are consistently investing in research and development (R&D) activities to enhance the quality performance of recycled plastic products, which is creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the Japan recycled plastics market, along with forecasts at the country and regional level from 2021-2026. Our report has categorized the market based on plastic type, raw material and application.
Breakup by Plastic Type:
- Polyethylene Terephthalate (PET)
- High Density Polyethylene (HDPE)
- Polypropylene (PP)
- Low Density Polyethylene (LDPE)
Breakup by Raw Material:
- Plastic Bottles
- Plastic Films
- Rigid Plastic and Foam
Breakup by Application:
- Non-Food Contact Packaging
- Food Contact Packaging
Breakup by Region:
- Kanto Region
- Kinki Region
- Central/ Chubu Region
- Kyushu-Okinawa Region
- Tohoku Region
- Chugoku Region
- Hokkaido Region
- Shikoku Region
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis
||Plastic Type, Raw Material, Application, Region
||Kanto Region, Kinki Region, Central/ Chubu Region, Kyushu-Okinawa Region, Tohoku Region, Chugoku Region, Hokkaido Region, Shikoku Region
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Key Questions Answered in This Report:
- How has the Japan recycled plastics market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the Japan recycled plastics market?
- What are the key regional markets?
- What is the breakup of the market based on the plastic type?
- What is the breakup of the market based on the raw material?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the Japan recycled plastics market and who are the key players?
- What is the degree of competition in the industry?