Market Overview:
The global plastic scrap recycling market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing awareness about the benefits of recycling plastic waste and the rising demand for recycled plastics from various end-use industries. In terms of type, PP plastics are expected to lead the market during the forecast period, followed by PE plastics and LDPE plastics. In terms of application, industrial waste treatment is projected to be the largest segment during 2018-2030 owing to increased regulations on waste management across various countries.
Product Definition:
The recycling of plastic scrap is the process of recovering waste or scrap plastic and reprocessing it into useful products. This helps to reduce the amount of waste going to landfill, and lowers the environmental impact of producing new plastics from scratch.
PP Plastics:
Polypropylene (PP) plastics are the most commonly used thermoplastic in the world. They were first manufactured for commercial use in Europe and currently, it is produced commercially only by three companies worldwide; one each in Germany, China and India. PP plastics have been rapidly replacing other conventional materials such as metal, wood & wood-based products and glass across numerous industries globally due to properties such as excellent chemical & temperature resistance along with high strength.
PE Plastics:
Polyethylene (PE) plastics and its usage in the plastic scrap recycling market are gaining popularity across the globe. PE is a lightweight, durable, flexible, and soft material that can be recycled numerous times without any loss of strength or quality. It is widely used to make films and sheets for food packaging applications such as milk cartons & bottles; beverage containers; water bottles; jars & cans; etc.
Application Insights:
The industry is segmented by application into industrial waste treatment, business waste treatment, and household waste treatment. The industrial scrap recycling market was dominated by the demand from the manufacturing sector in 2016. The manufacturing sector generated a large amount of plastic scrap which needed to be processed and recycled for reuse or disposal in landfills.
The global plastics industry has witnessed significant growth over the past few years owing to increasing consumer awareness regarding product usage and disposal along with growing emphasis on sustainable packaging solutions across various industries such as food & beverage and healthcare among others. This trend is expected to continue over the forecast period driving demand for recyclable materials including plastics where feasible alternatives can be provided while processing without having an adverse impact on end-use products or quality of service offered thereby promoting sustainability within supply chains across various applications globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a major share of plastic scrap generated worldwide, which can be attributed to rapid industrialization and high GDP growth rates. China is one of the largest producers as well as consumers of plastic scrap globally; it generates PP, PE, and other types of plastics waste in large quantities that require proper treatment.
The European market also accounted for a significant share owing to stringent environmental regulations by EU5 (European Union) regarding waste treatment that has compelled manufacturers/suppliers to follow up with their circulars or directives on how they should be treated after being separated at source from end-users/final consumers. This factor will further boost regional growth over the forecast period.
North America ranks second among all regions with U.S.
Growth Factors:
- Increasing awareness about the benefits of recycling plastic scrap among consumers and businesses
- Government initiatives and regulations to promote plastic scrap recycling
- Rising demand for recycled plastics from manufacturing and packaging industries
- Technological advancements in plastic scrap recycling processes and equipment
- Growing number of entrepreneurs entering the plastic scrap recycling market
Scope Of The Report
Report Attributes
Report Details
Report Title
Plastic Scrap Recycling Market Research Report
By Type
PP Plastics, PE Plastics, LDPE Plastics, HDPE Plastics, PS Plastics
By Application
Industrial Waste Treament, Business Waste Treament, Household Waste Treament
By Companies
KW Plastics, Biffa, Polychem USA, GLR Solutions, Domino Plastics Company Inc, V1 Recycle Pte Ltd, Seraphim Plastics LLC, Green Processing Company, RDL Recycling Inc., Joe's Plastics, Antek Madision Plastics Corporation, Vikoz Enterprises Inc.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
213
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Plastic Scrap Recycling Market Report Segments:
The global Plastic Scrap Recycling market is segmented on the basis of:
Types
PP Plastics, PE Plastics, LDPE Plastics, HDPE Plastics, PS Plastics
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial Waste Treament, Business Waste Treament, Household Waste Treament
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- KW Plastics
- Biffa
- Polychem USA
- GLR Solutions
- Domino Plastics Company Inc
- V1 Recycle Pte Ltd
- Seraphim Plastics LLC
- Green Processing Company
- RDL Recycling Inc.
- Joe's Plastics
- Antek Madision Plastics Corporation
- Vikoz Enterprises Inc.
Highlights of The Plastic Scrap Recycling Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- PP Plastics
- PE Plastics
- LDPE Plastics
- HDPE Plastics
- PS Plastics
- By Application:
- Industrial Waste Treament
- Business Waste Treament
- Household Waste Treament
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Plastic Scrap Recycling Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Plastic scrap recycling is the process of recovering and reprocessing plastic waste into new products. This can include using recycled plastics in new products, or converting used plastics into fuel or other materials.
Some of the major companies in the plastic scrap recycling market are KW Plastics, Biffa, Polychem USA, GLR Solutions, Domino Plastics Company Inc, V1 Recycle Pte Ltd, Seraphim Plastics LLC, Green Processing Company, RDL Recycling Inc., Joe's Plastics, Antek Madision Plastics Corporation, Vikoz Enterprises Inc..
The plastic scrap recycling market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Plastic Scrap Recycling Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Plastic Scrap Recycling Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Plastic Scrap Recycling Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Plastic Scrap Recycling Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Plastic Scrap Recycling Market Size & Forecast, 2018-2028
4.5.1 Plastic Scrap Recycling Market Size and Y-o-Y Growth
4.5.2 Plastic Scrap Recycling Market Absolute $ Opportunity
Chapter 5 Global Plastic Scrap Recycling Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Plastic Scrap Recycling Market Size Forecast by Type
5.2.1 PP Plastics
5.2.2 PE Plastics
5.2.3 LDPE Plastics
5.2.4 HDPE Plastics
5.2.5 PS Plastics
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Plastic Scrap Recycling Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Plastic Scrap Recycling Market Size Forecast by Applications
6.2.1 Industrial Waste Treament
6.2.2 Business Waste Treament
6.2.3 Household Waste Treament
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Plastic Scrap Recycling Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Plastic Scrap Recycling Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Plastic Scrap Recycling Analysis and Forecast
9.1 Introduction
9.2 North America Plastic Scrap Recycling Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Plastic Scrap Recycling Market Size Forecast by Type
9.6.1 PP Plastics
9.6.2 PE Plastics
9.6.3 LDPE Plastics
9.6.4 HDPE Plastics
9.6.5 PS Plastics
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Plastic Scrap Recycling Market Size Forecast by Applications
9.10.1 Industrial Waste Treament
9.10.2 Business Waste Treament
9.10.3 Household Waste Treament
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Plastic Scrap Recycling Analysis and Forecast
10.1 Introduction
10.2 Europe Plastic Scrap Recycling Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Plastic Scrap Recycling Market Size Forecast by Type
10.6.1 PP Plastics
10.6.2 PE Plastics
10.6.3 LDPE Plastics
10.6.4 HDPE Plastics
10.6.5 PS Plastics
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Plastic Scrap Recycling Market Size Forecast by Applications
10.10.1 Industrial Waste Treament
10.10.2 Business Waste Treament
10.10.3 Household Waste Treament
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Plastic Scrap Recycling Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Plastic Scrap Recycling Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Plastic Scrap Recycling Market Size Forecast by Type
11.6.1 PP Plastics
11.6.2 PE Plastics
11.6.3 LDPE Plastics
11.6.4 HDPE Plastics
11.6.5 PS Plastics
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Plastic Scrap Recycling Market Size Forecast by Applications
11.10.1 Industrial Waste Treament
11.10.2 Business Waste Treament
11.10.3 Household Waste Treament
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Plastic Scrap Recycling Analysis and Forecast
12.1 Introduction
12.2 Latin America Plastic Scrap Recycling Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Plastic Scrap Recycling Market Size Forecast by Type
12.6.1 PP Plastics
12.6.2 PE Plastics
12.6.3 LDPE Plastics
12.6.4 HDPE Plastics
12.6.5 PS Plastics
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Plastic Scrap Recycling Market Size Forecast by Applications
12.10.1 Industrial Waste Treament
12.10.2 Business Waste Treament
12.10.3 Household Waste Treament
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Plastic Scrap Recycling Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Plastic Scrap Recycling Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Plastic Scrap Recycling Market Size Forecast by Type
13.6.1 PP Plastics
13.6.2 PE Plastics
13.6.3 LDPE Plastics
13.6.4 HDPE Plastics
13.6.5 PS Plastics
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Plastic Scrap Recycling Market Size Forecast by Applications
13.10.1 Industrial Waste Treament
13.10.2 Business Waste Treament
13.10.3 Household Waste Treament
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Plastic Scrap Recycling Market: Competitive Dashboard
14.2 Global Plastic Scrap Recycling Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 KW Plastics
14.3.2 Biffa
14.3.3 Polychem USA
14.3.4 GLR Solutions
14.3.5 Domino Plastics Company Inc
14.3.6 V1 Recycle Pte Ltd
14.3.7 Seraphim Plastics LLC
14.3.8 Green Processing Company
14.3.9 RDL Recycling Inc.
14.3.10 Joe's Plastics
14.3.11 Antek Madision Plastics Corporation
14.3.12 Vikoz Enterprises Inc.
