Inquire Before Buying
Speak to an Analyst
Request Brochure
IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.
Read More- Home
- |
- Press Release
- |
- Europe Recycled Plastics Market
Europe Recycled Plastics Market to Grow at 4.6% During 2024-2032, Impelled by Rising Environmental Consciousness
January 17, 2022
| Chemical & Materials
According to the latest report by IMARC Group, titled "Europe Recycled Plastics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032," the Europe recycled plastics market reached a volume of 12.7 Million Tons in 2023. Plastic recycling refers to the procedure of recovering and reprocessing scrap plastic materials into value-added products. Some of the common types of plastics include polyethylene terephthalate (PET), high-density polyethylene (HDPE), low-density polyethylene (LDPE), and polypropylene (PP). The generated waste goes through five stages, namely sorting, washing, shredding, identification, and classification, and extruding. Products manufactured through this process are biodegradable and environment friendly, thereby aiding in reducing landfill dependence, conserving resources, lowering plastic pollution, and preventing greenhouse gas (GHG) emissions.
Europe Recycled Plastics Market Trends:
The growing environmental consciousness, rising concerns toward energy consumption, and increasing awareness regarding the harmful effects of plastic waste are majorly driving the Europe recycled plastic market growth. In line with this, the increasing usage of plastic in various end-use industries, such as packaging, automotive, food and beverage (F&B), and electronics, is further facilitating the product demand across the region. Additionally, the European Commission is introducing numerous recycling programs and implementing favorable policies for controlling waste production, encouraging reuse and recycling of scrap plastic and sustainable plastic disposable solutions while promoting effective waste management. This, in turn, is acting as another major growth-inducing factor. Besides this, continuous investments in research and development (R&D) activities, along with rapid technological advancements, such as the adoption of artificial intelligence (AI), to effectively sort plastic waste and enhance the quality performance of recycled plastic products, are positively influencing the market growth. Looking forward, the market is expected to reach a volume of 19.3 Million Tons by 2032, growing at a CAGR of 4.6% during 2024-2032.
Market Summary:
- Based on the source, the market has been divided into plastic bottles, plastic films, rigid plastics and foams, fibres, and others. Currently, plastic bottles accounts for majority of the market share.
- On the basis of the application, the market has been classified into packaging, electrical and electronics, automotive, agriculture, construction and demolition, household (non-packaging use), and others. At present, packaging segment accounts for the largest share in the region.
- Based on the plastic type, the market is dominated by polyethylene terephthalate (PET) plastics.
- On the geographical front, Germany represents the largest market share. Other regions include the United Kingdom (UK), Italy, France, Spain, and others.
- The competitive landscape of the market has been examined with some of the key players being Müller-Guttenbrunn Group, MBA Polymers, Inc., Paprec Group, and Morssinkhof Rymoplast.
Report Scope:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | Million Tons |
| Segment Coverage | Source, Application, Plastic Type, Country |
| Countries Covered | Germany, UK, Italy, France, Spain, Others |
| Companies Covered | Müller-Guttenbrunn Group, MBA Polymers, Inc., Paprec Group and Morssinkhof Rymoplast |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3699 Five User License: US$ 4699 Corporate License: US$ 5699 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact Us
IMARC Group
USA: +1-631-791-1145
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter : @imarcglobal
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
- Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
- For further assistance, please connect with our analysts.
Purchase options
Benefits of Customization
Personalize this research
Triangulate with your data
Get data as per your format and definition
Gain a deeper dive into a specific application, geography, customer, or competitor
Any level of personalization
Get in Touch With Us
UNITED STATES
Phone: +1-631-791-1145
INDIA
Phone: +91-120-433-0800
UNITED KINGDOM
Phone: +44-753-713-2163
Email: sales@imarcgroup.com
Client Testimonials
The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required
Read More
We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra
Read More
Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.
Read More.webp)
We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.
Read More
The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.
Read More
The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.
Read More
My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.
Read More
I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.
Read More.webp){kind=logo}
We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.
Read More
IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.
Read More