The Japan recycled plastics market size reached 8.5 Million Tons in 2022. Looking forward, IMARC Group expects the market to reach 10.3 Million Tons by 2028, exhibiting a growth rate (CAGR) of 3.2% during 2023-2028.
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 report, along with forecasts at the country and regional level from 2023-2028. 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)
Low Density Polyethylene (LDPE)
Breakup by Raw Material:
Rigid Plastic and Foam
Breakup by Application:
Non-Food Contact Packaging
Food Contact Packaging
Breakup by Region:
Central/ Chubu Region
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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Key Questions Answered in This Report
The Japan recycled plastics market reached a volume of 8.5 Million Tons in 2022.
We expect the Japan recycled plastics market to exhibit a CAGR of 3.2% during 2023-2028.
The rising consumer awareness towards various associated benefits of using recycled plastics, such as reducing dependence on landfills, conserving resources, lowering pollution levels, etc., is primarily driving the Japan recycled plastics market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation, resulting in the temporary closure of numerous manufacturing units for recycled plastics.
Based on the raw material, the Japan recycled plastics market can be segmented into plastic bottles, plastic films, rigid plastic and foam, fibres, and others. Currently, plastic bottles hold the majority of the total market share.
On a regional level, the market has been classified into Kanto Region, Kinki Region, Central/ Chubu Region, Kyushu-Okinawa Region, Tohoku Region, Chugoku Region, Hokkaido Region, and Shikoku Region.
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