Market Overview:
The global waste plastic recycling market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The market growth is attributed to the increasing awareness about the benefits of waste plastic recycling, rising demand for recycled plastics in various applications, and technological advancements in waste plastic recycling processes. Based on type, the global waste plastic recycling market is segmented into PET, PP, HDPE, LDPE and others. PET dominates the market due to its high recyclability rate and growing demand for recycled PET products in packaging and consumer goods applications. PP is projected to be the fastest-growing type segment during the forecast period owing to its growing use in automotive parts manufacturing and other industrial applications. Based on application, the global waste plastic recycling market is divided into packaging & consumer goods; construction; textile fiber / clothing; landscaping/street furniture; other uses (including automotive parts manufacturing, electrical equipment manufacturing etc.). Packaging & consumer goods accounts for majority of share in terms of revenue generated by different end-use segments owing to high demand for recycled plastics from this application across all regions studied herein.
Product Definition:
The definition of waste plastic recycling is the process of taking used or unwanted plastics and converting them into new products. This can be done by breaking down the plastic into smaller pieces and then reforming it into something new, or by using it to create fuel.
The importance of waste plastic recycling is that it helps reduce the amount of plastics that end up in landfills or as litter. It also helps conserve resources since recycled plastics can be made into new products without needing to harvest any new materials.
PET:
Polyethylene Terephthalate, commonly known as PET or PETE is a non-toxic, lightweight and durable plastic with high chemical & temperature resistance. It can be recycled and reused efficiently for the production of new products. The key driver for this market is its superior properties compared to other conventional plastics such as HDPE (High-Density Polyethylene), PVC (Polyvinyl Chloride) or PEF (Polyethylene Furr).
PP:
Polypropylene (PP) is a lightweight, strong, and durable plastic with excellent chemical & temperature resistance. PP is used in numerous applications including food packaging, consumer goods packaging and labeling as well as industrial products such as pipes & fittings. It can also be recycled into many different products such as fibers, films or even injection molding components.
Application Insights:
The packaging and consumer goods application segment led the market in 2017. This is attributed to increasing demand for packaged food products, electronic gadgets including smartphones, tablets, laptops and cameras coupled with rising disposable income levels across the globe. The Asia Pacific region is projected to exhibit a high growth rate over the forecast period owing to rapid urbanization along with industrialization in this region.
Increasing use of plastics in construction & infrastructural projects such as pipes/cables/drains; guttering; roofing sheets; skylights; floorings etc. are expected to drive industry growth over the forecast period. Moreover, growing urban population along with rising infrastructural development activities are anticipated to propel industry expansion over the coming years. Landscaping or street furniture includes items such as planters boxes chairs etc.
Regional Analysis:
Asia Pacific was the leading regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a major share of global population, with developing countries such as China, India, Indonesia and Thailand contributing to a large proportion of the regional GDPs. Thus, Asia Pacific has become one of the most important regions for industry participants due to growing disposable income levels coupled with increasing consumer awareness regarding sustainability issues.
The plastic waste generated from Asia Pacific is recycled at a faster pace as compared to other regions owing to high recycling rates in countries like Japan and South Korea along with Australia. However, despite being among the top recyclers worldwide; there exists significant plastic waste that still finds its way into landfills rather than being properly recycled which represents an enormous environmental risk given that it will take centuries before it breaks down into smaller molecules again (if ever).
Growth Factors:
- Increasing awareness about the benefits of waste plastic recycling among consumers and businesses
- Government initiatives and regulations to promote waste plastic recycling
- Rising prices of virgin plastics, which is making recycled plastics more attractive to buyers
- Growing demand for recycled plastics in manufacturing industries
- Technological advancements that make waste plastic recycling more efficient and cost-effective
Scope Of The Report
Report Attributes
Report Details
Report Title
Waste Plastic Recycling Market Research Report
By Type
PET, PP, HDPE, LDPE, Others
By Application
Packaging & Consumer Goods, Construction, Textile fiber / clothing, Landscaping/Street furniture, Other Uses
By Companies
Evergreen Plastics, PolyQuest, Phoenix Technologies, Verdeco Recycling, Custom Polymers, KW plastics, Extrupet, Greentech, Veolia Polymers, Hahn Plastics, PLASgran, APR2 Plast, Luxus, Viridor, Centriforce, Visy, Kyoei Industry, Wellpine Plastic Industical, Fuqing Topway Plastics Industrial, Intco, Suzhou Jiulong Recy & Tech, Longfu Recycling Energy Scientech
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Waste Plastic Recycling Market Report Segments:
The global Waste Plastic Recycling market is segmented on the basis of:
Types
PET, PP, HDPE, LDPE, Others
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
Packaging & Consumer Goods, Construction, Textile fiber / clothing, Landscaping/Street furniture, Other Uses
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:
- Evergreen Plastics
- PolyQuest
- Phoenix Technologies
- Verdeco Recycling
- Custom Polymers
- KW plastics
- Extrupet
- Greentech
- Veolia Polymers
- Hahn Plastics
- PLASgran
- APR2 Plast
- Luxus
- Viridor
- Centriforce
- Visy
- Kyoei Industry
- Wellpine Plastic Industical
- Fuqing Topway Plastics Industrial
- Intco
- Suzhou Jiulong Recy & Tech
- Longfu Recycling Energy Scientech
Highlights of The Waste Plastic 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:
- PET
- PP
- HDPE
- LDPE
- Others
- By Application:
- Packaging & Consumer Goods
- Construction
- Textile fiber / clothing
- Landscaping/Street furniture
- Other Uses
- 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 Waste Plastic 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.
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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?
Waste plastic recycling is the process of breaking down waste plastic into usable materials. This can include items like plastics, insulation, and even carpeting.
Some of the major players in the waste plastic recycling market are Evergreen Plastics, PolyQuest, Phoenix Technologies, Verdeco Recycling, Custom Polymers, KW plastics, Extrupet, Greentech, Veolia Polymers, Hahn Plastics, PLASgran, APR2 Plast, Luxus, Viridor, Centriforce, Visy, Kyoei Industry, Wellpine Plastic Industical, Fuqing Topway Plastics Industrial, Intco, Suzhou Jiulong Recy & Tech, Longfu Recycling Energy Scientech.
The waste plastic recycling market is expected to grow at a compound annual growth rate of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Waste Plastic Recycling Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Waste Plastic Recycling Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Waste Plastic Recycling Market - Supply Chain
4.5. Global Waste Plastic Recycling Market Forecast
4.5.1. Waste Plastic Recycling Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Waste Plastic Recycling Market Size (000 Units) and Y-o-Y Growth
4.5.3. Waste Plastic Recycling Market Absolute $ Opportunity
5. Global Waste Plastic Recycling Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Waste Plastic Recycling Market Size and Volume Forecast by Type
5.3.1. PET
5.3.2. PP
5.3.3. HDPE
5.3.4. LDPE
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Waste Plastic Recycling Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Waste Plastic Recycling Market Size and Volume Forecast by Application
6.3.1. Packaging & Consumer Goods
6.3.2. Construction
6.3.3. Textile fiber / clothing
6.3.4. Landscaping/Street furniture
6.3.5. Other Uses
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Waste Plastic Recycling Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Waste Plastic Recycling Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Waste Plastic Recycling Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Waste Plastic Recycling Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Waste Plastic Recycling Demand Share Forecast, 2019-2026
9. North America Waste Plastic Recycling Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Waste Plastic Recycling Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Waste Plastic Recycling Market Size and Volume Forecast by Application
9.4.1. Packaging & Consumer Goods
9.4.2. Construction
9.4.3. Textile fiber / clothing
9.4.4. Landscaping/Street furniture
9.4.5. Other Uses
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Waste Plastic Recycling Market Size and Volume Forecast by Type
9.7.1. PET
9.7.2. PP
9.7.3. HDPE
9.7.4. LDPE
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Waste Plastic Recycling Demand Share Forecast, 2019-2026
10. Latin America Waste Plastic Recycling Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Waste Plastic Recycling Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Waste Plastic Recycling Market Size and Volume Forecast by Application
10.4.1. Packaging & Consumer Goods
10.4.2. Construction
10.4.3. Textile fiber / clothing
10.4.4. Landscaping/Street furniture
10.4.5. Other Uses
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Waste Plastic Recycling Market Size and Volume Forecast by Type
10.7.1. PET
10.7.2. PP
10.7.3. HDPE
10.7.4. LDPE
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Waste Plastic Recycling Demand Share Forecast, 2019-2026
11. Europe Waste Plastic Recycling Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Waste Plastic Recycling Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Waste Plastic Recycling Market Size and Volume Forecast by Application
11.4.1. Packaging & Consumer Goods
11.4.2. Construction
11.4.3. Textile fiber / clothing
11.4.4. Landscaping/Street furniture
11.4.5. Other Uses
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Waste Plastic Recycling Market Size and Volume Forecast by Type
11.7.1. PET
11.7.2. PP
11.7.3. HDPE
11.7.4 LDPE
11.7.5. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Waste Plastic Recycling Demand Share, 2019-2026
12. Asia Pacific Waste Plastic Recycling Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Waste Plastic Recycling Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Waste Plastic Recycling Market Size and Volume Forecast by Application
12.4.1. Packaging & Consumer Goods
12.4.2. Construction
12.4.3. Textile fiber / clothing
12.4.4. Landscaping/Street furniture
12.4.5. Other Uses
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Waste Plastic Recycling Market Size and Volume Forecast by Type
12.7.1. PET
12.7.2. PP
12.7.3. HDPE
12.7.4. LDPE
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Waste Plastic Recycling Demand Share, 2019-2026
13. Middle East & Africa Waste Plastic Recycling Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Waste Plastic Recycling Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Waste Plastic Recycling Market Size and Volume Forecast by Application
13.4.1. Packaging & Consumer Goods
13.4.2. Construction
13.4.3. Textile fiber / clothing
13.4.4. Landscaping/Street furniture
13.4.5. Other Uses
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Waste Plastic Recycling Market Size and Volume Forecast by Type
13.7.1. PET
13.7.2. PP
13.7.3. HDPE
13.7.4. LDPE
13.7.5. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Waste Plastic Recycling Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Waste Plastic Recycling Market: Market Share Analysis
14.2. Waste Plastic Recycling Distributors and Customers
14.3. Waste Plastic Recycling Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Evergreen Plastics
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. PolyQuest
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Phoenix Technologies
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Verdeco Recycling
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Custom Polymers
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. KW plastics
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Extrupet
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Greentech
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Veolia Polymers
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hahn Plastics
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. PLASgran
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. APR2 Plast
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Luxus
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Viridor
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Centriforce
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Visy
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Kyoei Industry
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Wellpine Plastic Industical
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Fuqing Topway Plastics Industrial
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Intco
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
