Recycled Plastics Market worth 50.36 Billion USD by 2022

1. MarketsandMarkets Presents Recycled Plastics Market worth 50.36 Billion USD by 2022 https://www.marketsandmarkets.com/Market-Reports/recycled-plastic-market-115486722.html

2. According to the new market research report ''Recycled Plastics Market by Source (Bottles, Films, Fibers, Foams), Type (PET, PE, PP, PVC, PS), End-Use Industry (Packaging, Building & Construction, Textiles, Automotive, Electrical & Electronics) and Region - Global Forecast to 2022'', published by MarketsandMarkets™, the global recycled plastics market is estimated at USD 36.93 Billion in 2017 and is projected to reach USD 50.36 Billion by 2022, at a CAGR of 6.4% between 2017 and 2022. Don’t miss out on business opportunities in ''Recycled Plastics Market''. Speak to our analyst and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/speaktoanalyst.asp?id=115486722 The market is witnessing growth due to the growing awareness regarding the environmental benefits provided by recycled plastics over virgin plastics. Moreover, the energy consumed in recycling plastics is less than that of virgin plastics, which is further driving the demand for recycled plastics in many applications. Bottles: The largest source of recycled plastics Bottles was estimated to be the largest segment of the recycled plastics market, by source in 2017. Plastic bottles, especially PET bottles, are the most commonly-recycled post-consumer plastics due to a well-established collection network for these bottles.

3. Polyethylene Terephthalate: The largest type in the recycled plastics market Polyethylene Terephthalate (PET) was estimated to be the largest segment of the recycled plastics market, by type in 2017. PET plastics are 100% recyclable, easy to recycle, and have a lower cost, which makes them an attractive plastic material to recycle. Browse and in-depth TOC on ''Recycled Plastics Market '' 87 - Tables 50 - Figures 130 - Pages View more detailed TOC @https://www.marketsandmarkets.com/Market-Reports/recycled-plastic-market-115486722.html Packaging: The largest end-use industry of recycled plastics Packaging was the largest segment of the recycled plastics market, by end-use industry in 2017. The segment’s largest share can be attributed to the use of recycled plastics in many applications in the packaging industry such as bottles, bags, foam protective packaging, and cartons, among others.

4. Asia Pacific: The largest recycled plastics market The Asia Pacific region was the largest market for recycled plastics, in terms of value and volume, in 2017. The large market size of the Asia Pacific region is due to increasing industrialization in the region and the increasing use of cheaper substitutes of virgin plastics in the form of recycled plastics in growing end-use industries. Request for Free Sample Report @ https://www.marketsandmarkets.com/requestsample.asp?id=115486722 Major recycled plastics producers, such as Veolia (France), Suez (France), KW Plastics (US), Jayplas (UK), B. Schoenberg & Co. (US), B&B Plastics (US), Green Line Polymers (US), Clear Path Recycling (US), Custom Polymers (US), and Plastipak Holdings (US) are covered in the report. Browse Adjacent Markets @ Chemicals Market Research Reports & Consulting

5. Industry Leaders: Key companies in the recycling plastics business were majorly involved in expansions to strengthen their positions in the market. It was the most preferred strategy adopted by the market players from 2013 to 2017. The recycled plastics market has been witnessing growth, and the increase in the number of expansions indicates that manufacturers are expanding their production facilities to establish a strong foothold in the recycled plastics market and cater to the growing demand for recycled plastics, globally. Major players of the recycled plastics market, such as Veolia (France), Suez (France), KW Plastics (US), Jayplas (UK), B. Schoenberg & Co. (US), B&B Plastics (US), Green Line Polymers (US), Clear Path Recycling (US), Custom Polymers (US), and Plastipak Holdings (US), among others, are profiled in this report. These companies have adopted various organic and inorganic growth strategies to become the major players in the global recycled plastics market. Veolia (France), Suez (France), KW Plastics (US), and Jayplas (UK) are the leading players in the global recycled plastics market. These companies accounted for the highest number of strategic activities, with expansions, new product launches, mergers & acquisitions, and joint ventures being the most preferred.

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