Recycled Plastics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023

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The global recycled plastics market was worth a value of US$ 37 Billion in 2017. The market is further projected to reach US$ 52 Billion by 2023, at a CAGR of around 6% during the year 2018-2023. Plastic recycling refers to the process of collecting and re-using different types of plastic wastes. Before recycling takes place, the waste and scrap undergo a series of five different stages which include sorting, washing, shredding, identification and classification of plastic, and extruding. Products manufactured from plastics are usually non-biodegradable in nature and can lead to various environmental concerns. Thus, recycling plastic helps to reduce the amount of waste disposed of at landfill sites, thereby lowering the amount of greenhouse gas emissions released from landfills.

Global Recycled Plastics Market Drivers:

  • Reduction of plastic wastes and numerous recycling programmes have become a priority for both developed and developing nations across the globe. Owing to this, governments in different regions are implementing policies and regulations for controlling waste production, encouraging the reuse and recycling of plastic wastes, and encouraging systematic waste treatment. Governments are also enforcing landfill taxes, waste disposal taxes, recycling credit schemes, deposit refund systems, etc. to promote effective waste management. These measures by governments in various countries and states are expected to further facilitate the growth of the recycled plastics market.
  • The demand for plastic material has been constantly increasing across several industries like food and beverage, automotive, packaging and healthcare. The development of these industries can be accredited to rising population, inflating disposable incomes and continuous product innovations. In this context, higher manufacturing cost of virgin resins has necessitated the use of recycled plastic products, thereby bolstering the growth of the global recycled plastics market.
  • Plastic manufacturers and recyclers are now being more focused on adding value and consumerism to the recycled plastic products. They are coming up with secondary containment products, laundry carts, bulk storage containers etc. through roto moulding methods.
  • Several brands are investing in research and development to enhance the quality performance of recycled plastic products and incorporate them in every plastic component that they use.

Recycled Plastics Market Report

Breakup by Product Type:

On the basis of type, the market is segregated as polyethylene terephthalate (PET), high density polyethylene (HDPE), polypropylene (PP) and low-density polyethylene (LDPE) and others. At present, polyethylene terephthalate (PET) accounts for the majority of the market share as it is used in the manufacturing of containers, shoes, automobile parts, luggage, etc.

Breakup by Application:

Based on application, the market is segmented as non-food contact packaging, food contact packaging, construction, automotive and others. Amongst these, non-food contact packaging exhibits a clear dominance in the market. This type of packaging is employed in industrial processing products for protecting the products from harsh weather conditions.

Breakup by Raw Material:

On the basis of raw material, the market is divided into plastic bottles, plastic films, rigid plastic and foam, fibres, and others. Currently, plastic bottles represent the major type of raw material for recycled plastics as they find numerous applications in industries for storing carbonated drinks, medicines, oils, etc.

Regional Insights:

On a geographical front, North America enjoys a leading position in the global recycled plastics market on account of ascending demand for recycled plastics. This can be attributed to various initiatives undertaken by government and other organisations in the region. North America is followed by Europe, Asia Pacific, Latin America, and Middle East and Africa.

Competitive Landscape:

The market is fragmented in nature with the presence of several small and large manufacturers who are competing in terms of prices and quality. There prevails a rigid competition in the market which makes it difficult for small players to enter. Some of the key players operating in the market are:

  • Avangard Innovative
  • B. Schoenberg & Co., Inc.
  • Delta Plastics
  • UltrePET LLC
  • CarbonLITE Industries
  • Veolia
  • Suez Recycling & Recovery Holdings
  • KW Plastics


This report provides a deep insight into the global recycled plastics market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the recycled plastics market in any manner.

Key Questions Answered in This Report:

  • How has the global recycled plastics market performed so far and how will it perform in the coming years?
  • What are the key regions in the global recycled plastics market?
  • Which are the popular product types in the global recycled plastics market?
  • What are the key application segments in the global recycled plastics market?
  • What are the major raw materials in the global recycled plastics market?
  • What are the various stages in the value chain of the global recycled plastics market?
  • What are the key driving factors and challenges in the global recycled plastics market?
  • What is the structure of the global recycled plastics market and who are the key players?
  • What is the degree of competition in the global recycled plastics market?
  • How is recycled plastic manufactured?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Recycled Plastics Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Market Breakup by Plastic Type
    5.4    Market Breakup by Raw Material
    5.5    Market Breakup by Application
    5.6    Market Breakup by Region
    5.7    Market Forecast
    5.8    SWOT Analysis
        5.8.1    Overview
        5.8.2    Strengths
        5.8.3    Weaknesses
        5.8.4    Opportunities
        5.8.5    Threats
    5.9    Value Chain Analysis
        5.9.1    Overview
        5.9.2    Research and Development
        5.9.3    Raw Material Procurement
        5.9.4    Manufacturing
        5.9.5    Marketing
        5.9.6    Distribution
        5.9.7    End-Use
    5.10    Porters Five Forces Analysis
        5.10.1    Overview
        5.10.2    Bargaining Power of Buyers
        5.10.3    Bargaining Power of Suppliers
        5.10.4    Degree of Competition
        5.10.5    Threat of New Entrants
        5.10.6    Threat of Substitutes
6    Market Breakup by Plastic Type
    6.1    Polyethylene Terephthalate (PET)
    6.2    High Density Polyethylene (HDPE)
    6.3    Polypropylene (PP)
    6.4    Low Density Polyethylene (LDPE)
    6.5    Others
7    Market Breakup by Raw Material
    7.1    Plastic Bottles
    7.2    Plastic Films
    7.3    Rigid Plastic and Foam
    7.4    Fibres
    7.5    Others
8    Market Breakup by Application
    8.1    Non-Food Contact Packaging
    8.2    Food Contact Packaging
    8.3    Construction
    8.4    Automotive
    8.5    Others
9    Market Breakup by Region
    9.1    North America
    9.2    Europe
    9.3    Asia Pacific
    9.4    Latin America
    9.5    Middle East and Africa
10    Recycled Plastics Manufacturing Process
    10.1    Product Overview
    10.2    Raw Material Requirements
    10.3    Manufacturing Process
    10.4    Key Success and Risk Factors
11    Competitive Landscape
    11.1    Market Structure
    11.2    Key Players
    11.3    Profiles of Key Players
        11.3.1    Avangard Innovative 
        11.3.2    B. Schoenberg & Co., Inc.
        11.3.3    Delta Plastics
        11.3.4    UltrePET LLC
        11.3.5    CarbonLITE Industries
        11.3.6    Veolia 
        11.3.7    Suez Recycling & Recovery Holdings 
        11.3.8    KW Plastics 


List of Figures

Figure 1: Global: Recycled Plastics Market: Major Drivers and Challenges
Figure 2: Global: Recycled Plastics Market: Sales Value (in Million US$), 2010-2017
Figure 3: Global: Recycled Plastics Market: Breakup by Plastic Type (in %), 2017
Figure 4: Global: Recycled Plastics Market: Breakup by Raw Material (in %), 2017
Figure 5: Global: Recycled Plastics Market: Breakup by Application (in %), 2017
Figure 6: Global: Recycled Plastics Market: Breakup by Region (in %), 2017
Figure 7: Global: Recycled Plastics Market Forecast: Sales Value (in Million US$), 2018-2023
Figure 8: Global Recycled Plastics Industry: SWOT Analysis
Figure 9: Global Recycled Plastics Industry: Value Chain Analysis
Figure 10: Global: Recycled Plastics Industry: Porter’s Five Forces Analysis
Figure 11: Global: Recycled Plastics Market: Polyethylene Terephthalate (PET) Sales Value (in Million US$), 2010, 2017 & 2023
Figure 12: Global: Recycled Plastic Market: High Density Polyethylene (HDPE) Sales Value (in Million US$), 20010, 2017 & 2023
Figure 13: Global: Recycled Plastic Market: Polypropylene (PP) Sales Value (in Million US$), 2010, 2017 & 2023
Figure 14: Global: Recycled Plastics Market: Low Density Polyethylene (LDPE) Sales Value (in Million US$), 2010, 2017 & 2023
Figure 15: Global: Other Recycled Plastics Market: Sales Value (in Million US$), 20010, 2017 & 2023
Figure 16: Global: Recycled Plastics (From Bottles) Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 17: Global: Recycled Plastics (From Rigid Plastics and Foam) Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 18: Global: Recycled Plastics (From Bags and Films) Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 19: Global: Recycled Plastics (From Carpets and Fibres) Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 20: Global: Recycled Plastics (Other Raw Materials) Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 21: Global: Recycled Plastics Market (Applications in Non-Food Contact Packaging): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 22: Global: Recycled Plastics Market (Applications in Food Contact Packaging): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 23: Global: Recycled Plastics Market (Applications in Construction): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 24: Global: Recycled Plastics Market (Applications in Automotive Sector): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 25: Global: Recycled Plastics Market (Other Applications): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 26: North America: Recycled Plastics Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 27: Europe: Recycled Plastics Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 28: Asia Pacific: Recycled Plastics Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 29: Latin America: Recycled Plastics Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 30: Middle East and Africa: Recycled Plastics Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 31: Recycled Plastics Manufacturing: Process Flow

List of Tables

Table 1: Global: Recycled Plastics Market: Key Industry Highlights, 2017 and 2023
Table 2: Global: Recycled Plastics Market Forecast: Breakup by Plastic Type (in Million US$), 2018-2023
Table 3: Global: Recycled Plastics Market Forecast: Breakup by Raw Material (in Million US$), 2018-2023
Table 4: Global: Recycled Plastics Market Forecast: Breakup by Application (in Million US$), 2018-2023
Table 5: Global: Recycled Plastics Market Forecast: Breakup by Region (in Million US$), 2018-2023
Table 6: Recycled Plastics Production: Raw Material Requirements
Table 7: Global: Recycled Plastics Market Structure
Table 8: Global: Recycled Plastics Market: Key Players


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